Scorpio Tankers Inc. | CIK:0001483934 | 3

  • Filed: 3/23/2018
  • Entity registrant name: Scorpio Tankers Inc. (CIK: 0001483934)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1483934/000148393418000015/0001483934-18-000015-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1483934/000148393418000015/stng-20171231.xml
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    • ifrs-full:DisclosureOfFinanceLeaseAndOperatingLeaseByLessorExplanatory

    The future minimum payments due to us under these non-cancellable leases are set forth below. These minimum payments are shown net of address commissions, which are deducted upon payment.

     
     
     
     
     
    As of December 31,
    In thousands of U.S. dollars
    2017
     
    2016
    Less than 1 year
    $
    35,992

     
    $
    37,472

    1 - 5 years
    2,176

     
    38,168

    5+ years
    —

     
    —

    Total
    $
    38,168

     
    $
    75,640

    The following table summarizes the terms of our time chartered-out vessels that were in place during the years ended December 31, 2017 and 2016.
     
    Name
     
    Year built
     
    Type
     
    Delivery Date to the Charterer
     
    Charter Expiration
     
    Rate ($/ day)
     
    1

    STI Pimlico
     
    2014
     
    Handymax
     
    February-16
     
    February-19
    (1) 
    $
    18,000

     
    2

    STI Poplar
     
    2014
     
    Handymax
     
    January-16
     
    January-19
    (1) 
    $
    18,000

     
    3

    STI Notting Hill
     
    2015
     
    MR
     
    November-15
     
    November-18
    (2) 
    $
    20,500

     
    4

    STI Westminster
     
    2015
     
    MR
     
    December-15
     
    December-18
    (2) 
    $
    20,500

     
    5

    STI Rose
     
    2015
     
    LR2
     
    February-16
     
    February-19
    (2) 
    $
    28,000

     
    6

    STI Texas City
     
    2014
     
    MR
     
    March-14
     
    April-16
     
    $
    16,000

    (3) 

    (1) Redelivery is plus 30 days or minus 10 days from the expiry date.  
    (2) Redelivery is plus or minus 30 days from the expiry date.
    (3) The charter had a 50% profit sharing provision whereby we received 50% of the vessel's profits above the daily base rate from the charterer.