Navios Maritime Acquisition Corp.

Fleet

NAP Term Loan B Collateral Package

 Operating Fleet

Vessel Name Vessel Type Year Built DWT

Charter Expiration Date

Net Charter Rate (daily)  Profit Sharing
Nave Atropos

LR1 Product Tanker

2013 74,695

Oct 2019

Floating rate

 

Nave Rigel

LR1 Product Tanker

2013 74,673

Aug 2019
Dec 2019

$18,022
Floating rate

50%/ 50%

Nave Estella

LR1 Product Tanker

2012 75,000

Dec 2019

$15,183

 

Nave Cassiopeia

LR1 Product Tanker

2012 74,711

Aug 2019

Floating rate

 
Nave Cetus

LR1 Product Tanker

2012 74,581

Dec 2019

Floating rate

 

Nave Andromeda 

LR1 Product Tanker

2011  75,000 

Aug 2019

Floating rate

 

Nave Cielo 

LR1 Product Tanker

2007  74,671 

Aug 2019

Floating rate

 
Nave Ariadne  LR1 Product Tanker  2007  74,671 

Aug 2019

Floating rate

 

Nave Velocity

MR2 Product/Chemical Tanker

2015 49,999

Nov 2020

$16,047

 

Nave Sextans

MR2 Product/Chemical Tanker

2015 49,999 Feb 2020

$14,500

 50%/ 50%
Nave Pyxis

MR2 Product/Chemical Tanker

2014 49,998 Mar 2020

$14,500

 50%/ 50%
Nave Luminosity

MR2 Product/Chemical Tanker

2014 49,999

Sep 2019

$12,097

50%/ 50%

Nave Jupiter

MR2 Product/Chemical Tanker

2014 49,999

May 2020

$12,097

50%/ 50%

Bougainville

MR2 Product/Chemical Tanker

2013 50,626

Sep 2019

$14,420 (1)

 100%

Nave Alderamin

MR2 Product/Chemical Tanker

2013 49,998

Nov 2019

$13,379

 None

Nave Capella

MR2 Product/Chemical Tanker

2013 49,995

Jan 2020

$11,850 

 50%/ 50%

Nave Titan

MR2 Product/Chemical Tanker

2013 49,999 Jun 2019

$11,850

50%/ 50%
Nave Orion

MR2 Product/Chemical Tanker

2013 49,999

Dec 2019

$13,379 (4)

 None

Nave Bellatrix

MR2 Product/Chemical Tanker

2013 49,999

Jul 2019

$10,863 (7)

 50%/ 50%

Nave Aquila MR2 Product/Chemical Tanker 2012 49,991

Nov 2019

$44,850

 50%/ 50%

Nave Atria MR2 Product/Chemical Tanker 2012

49,992

July 2019

$11,850

50%/ 50%

Nave Orbit  MR2 Product/Chemical Tanker 2009  50,470 

May 2019

$12,000 (3)

 
Nave Equator MR2 Product/Chemical Tanker 2009  50,542 

Oct 2019

$12,250   None
Nave Equinox MR2 Product/Chemical Tanker 2007 50,922  Mar 2020 $14,319  Ice transit premium
Nave Pulsar MR2 Product/Chemical Tanker 2007 50,922 

may 2020

$14,566 (5)

 Ice transit premium
Nave Dorado  MR2 Product Tanker  2005  47,999  Nov 2019 $11,356 (2)  50%/ 50%
Nave Cosmos

Chemical/Product Tanker

2010 25,130

Aug 2019

Floating rate

 

Nave Polaris

Chemical/Product Tanker

2011 25,145 

Aug 2019

Floating rate

 

Nave Electron VLCC 2002 305,178   Spot  
Nave Celeste VLCC 2003 298,717

May 2020

$25,500

 
Nave Neutrino VLCC 2003 298,287

Nov 2019 

Floating with $19,158 floor (8)  
Nave Photon VLCC 2008 297,395 Dec 2019 Floating rate 100%
Nave Spherical VLCC  2009 297,188 Dec 2019 Floating rate 100% 
Nave Quasar VLCC 2010 297,376

Sept 2019

$19,500+ PS (6) 50%/50%
Navios Synergy VLCC 2010 299,973 Sept 2019 Floating rate 100% 
Shinyo Saowalak VLCC 2010 298,000 Jun 2025 $48,153

35% above $54,388

40% above $59,388

50% above $69,388

Shinyo Kieran VLCC 2011 297,066 Jun 2026 $48,153

35% above $54,388

40% above $59,388

50% above $69,388

Navios Buena Suerte VLCC 2011 297,491 Aug 2019 $19,500+ PS (6) 50%/50%
Nave Galactic VLCC 2009 297,168 Oct 2019 $19,500 50%/50%
TBN I (9) VLCC 2020 310,000 Sep 2030 $27,816  
TBN II (9) VLCC 2020 310,000 Nov 2030 $27,816  
TBN III VLCC 2021 310,000      
Note: For vessels designated Product/Chemical or Chemical/Product, the first category is the probable primary trade for that vessel.

(1) Rate can reach a maximum of $19,013 net per day in year one and $19,393 in year two, calculated based on a formula. Charterer's option to extend the charter for two years at $14,708 net per day plus profit sharing first year and $15,002 net per day plus profit sharing arrangements for both years. 

(2) Charterer's option to extend the charter for one year at $13,331 net per day plus profit saring arrangements.

(3) Charterer's option to extend the charter for six months at $12,750 net per day plus profit sharing arrangements.

(4) Charterer's option to extend the charter for one year at $15,158 net per day.

(5) Charterer's option to extend the charter for one year at $16,590 net per day plus ice transit premium.

(6) Charterer's option to extend the charter for one year at $20,475 net per day + profit sharing. Profit sharing arrangement 50% on actual pool earnings. Any adjustment by the charterers for the expense/loss will be provisionally settled on a quarterly basis and finally settled at the end of the charter period.

(7) Charterer's option to extend the charter for six months at $11,850 net per day plus profit sharing arrangements.

(8) Contract provides 100% of BITR TD3C-TCE index plus $12,000 up to $37,525 and 50% thereafter with $19,158 floor

(9) Charterer's option to extend the bareboat charter for five years at $29,751 net per day.