Note 17 - Commitments

Capital expenditures contracted for at the reporting date but not yet paid are as follows:

PARENT COMPANY

 

CONSOLIDATED

12/31/2015

12/31/2014

(Amounts in USD 1,000)

12/31/2015

12/31/2014

         

-

-

Shipbuilding contracts with variation orders

596,594

678,076

-

-

Instalments paid

200,694

127,606

-

-

Unpaid instalments

395,900

550,470

         
         

PARENT COMPANY

Instalments falling due over the next 3 years

CONSOLIDATED

12/31/2015

12/31/2014

(Amounts in USD 1,000)

12/31/2015

12/31/2014

         
   

2015

-

242,062

-

-

2016

395,900

308,408

-

-

2017

-

-

-

-

Total

395,900

550,470