The gross charter rate is US$9000/d, minus a 4.75% commission paid to third parties, for a period until minimum 15 July 2021 up to maximum 30 September 2021. The charter is expected to commence on 21 May 2020.

The ‘Leto’ is a 81 297 DWT Panamax dry bulk vessel built in 2010.

This employment is anticipated to generate approximately US$3.73 million of gross revenue for the minimum scheduled period of the time charter.