¹

TC: Time Charter, BC: Bareboat Charter, Spot: Vessel is currently trading on the spot market.

²

Possible redelivery date including charter duration extension options.

³

CARGIL: Cargill International S.A. - CMACGM: CMA-CGM S.A. - CMTC: Capital Maritime & Trading Corp. (our Sponsor) - CSSA: CSSA S.A., (a fully owned subsidiary of Total S.A.) - COSCO: Cosco Bulk Carrier Co. Ltd. -  FLOPEC: Flota Petrolera Ecutoriana - HMM: Hyundai Merchant Marine Co. Ltd. - INSW: International Seaways, Inc., (formerly known as OSG International Inc.) Louis Dreyfus Company Suisse S.A. (‘Dreyfus’) – PIL: Pacific International Lines (Pte) Ltd, Singapore - PTRB: Petroleo Brasileiro S.A. (‘Petrobras’) - REPSOL: Repsol Trading S.A, Tesoro Far East Maritime Company (‘Tesoro’). 

⁴

As the fixed rate management agreement with our manager expires for our bareboat chartered vessels, they will move to a new fee structure based on actual expenses whereby the manager will be reimbursed for its actual expenses instead of with a fixed fee. 

⁵

Shell has the option to extend the time charter for an additional year (+/-30 days) at a gross daily rate of $14,500.

⁶

For the duration of the BC these vessels have been renamed: Seaways Sifnos and Overseas Kimolos.  

As part of the various agreements that HMM reached with its creditors and vessel owners under its voluntary debt restructuring, Capital Product Partners L.P. entered into a charter restructuring agreement with HMM on July 15, 2016.  This agreement provides for the reduction of the charter rate by 20% to $23,480 per day (from $29,350 gross per day) for a three-year period starting in July 2016 and ending in December 2019. The charter restructuring agreement further provides that at the end of the Charter Reduction Period, the charter rate will be restored to the original daily rate of $29,350 until the expiry of each charter in 2025.

The Partnership has entered into a memorandum of agreement for the sale of the M/T Aristotelis to an unaffiliated third party. Delivery of the M/T Aristotelis to its buyer is expected in March 2018, before the vessel’s scheduled special survey.

The Partnership has agreed to acquire, conditional upon the successful completion of the sale of the M/T Aristotelis, the M/T Anikitos an eco-type MR product tanker (50,082 dwt IMO II/III Chemical Product Tanker built 2016, Samsung Heavy Industries (Ningbo) Co., Ltd.). The M/T Anikitos is currently employed by Petrobras at a gross daily rate of $15,300 with earliest charter expiry in June 2020. The charterer has the option to extend the time charter for eighteen months (+/-30 days) at the same gross daily rate.