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2022

Maritime Assets held for Sale

A vessel can have an economic life of approximately 25 years or more. It is presented on a company’s statement of financial position as a non-current asset and is usually collateralized so that the company can raise funds by means of a loan from a financial institution.

Pinelopi Kassani
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The Shipowners Perspective – Where We are Today and How to Move Forward

Costas Constantinou, managing partner at Moore Greece and global maritime leader within the Moore Global network had the privilege to moderate a really interesting discussion with Alex Hadjipateras, Executive Vice President of Business Development at Dorian LPG (USA) LLC.

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Impairment of Maritime Assets

For a vessel-owning company, the vessel is the most substantial and valuable part of the total assets within the statement of financial position. Essentially, for the financial statements to present a true and fair view of the company’s financial position as at the year-end date, the carrying amount of its vessel should be fairly stated.

Pinelopi Kassani
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Accounting for the Restructuring of Debt in the Maritime Industry

Debt restructuring and refinancing arrangements are very common in the maritime industry especially in the current economic climate. For a vessel-owning company, the outstanding debt is substantially the biggest liability on the face of the statement of financial position.

Pinelopi Kassani
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Why is reporting still such a headache in the maritime sector?

Article by Pinelopi Kassani, Partner - Governance Risk & Compliance at Moore Greece, in Naftika Chronika.

Pinelopi Kassani
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