Ken Davidson's questions to NORDIC AMERICAN TANKERS (NAT) leadership • Q4 2022
Question
Ken Davidson, a private investor, sought clarification on the charter terms for the two newest tankers, questioning if they were on low-rate, long-term contracts with the Sultanate of Oman.
Answer
Founder, Chairman and CEO Herbjørn Hansson corrected the premise, confirming the two new vessels were indeed under a 6-year contract with the Sultanate of Oman, but at a much higher rate in the mid-$20,000s per day, not the low rate suggested. He highlighted this was done at the time to ensure financial stability.