The gross charter rate is US$16 000/day, minus a 5% commission paid to third parties, for a period of minimum 16 months to maximum 19 months. The charter is expected to commence on 25 December 2018.

The Seattle is a 179 362 DWT capesize dry bulk vessel built in 2011.

This employment is anticipated to generate approximately US$7.68 million of gross revenue for the minimum scheduled period of the time charter.