The charter has been extended for a period of twenty-four (24) months +/– 15 days at the option of the Charterer at an average gross charter rate of US$43,000 per day for the first year and US$38,000 per day for the second year, representing an average gross charter rate of US$40,500 per day over the two-year period. Upon completion of the vessel’s current charter period, the M/T Blue Moon is scheduled to undergo its planned drydock. The extended charter period is expected to commence directly thereafter, by the end of 2026. The charter extension is expected to generate approximately US$29 million of gross revenue for the minimum duration of the extended charter period.

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