The charterer has the option to employ the vessel for a further minimum eleven (11) to a maximum thirteen (13) month period at a gross rate of US$15,000 per day starting twenty-four (24) months after delivery of the vessel to the charterer. The charter is expected to commence at the end of September 2011.
This employment is expected to generate approximately US$9.2 million of gross revenues for the minimum scheduled period of the charter.
The Boston is a 177,828 dwt Capesize dry bulk carrier built in 2007.