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Income Taxes
 12 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Income Taxes
15.
 
Income Taxes
Under
 
the
 
laws
 
of
 
the
 
countries
 
of
 
the
 
companies’
 
incorporation
 
and
 
/
 
or
 
vessels’
 
registration,
 
the
companies are
 
not subject
 
to tax
 
on international
 
shipping income;
 
however, they are
 
subject to
 
registration
and tonnage
 
taxes, which
 
are included
 
in vessel
 
operating expenses
 
in the
 
accompanying consolidated
statements of income.
The vessel-owning
 
companies with
 
vessels that
 
have called
 
on the
 
United States
 
are obliged
 
to file
 
tax
returns with the Internal Revenue Service. However, pursuant to the Internal Revenue Code of the United
States, U.S.
 
source income from
 
the international operations
 
of ships
 
is generally exempt
 
from U.S.
 
tax.
The applicable tax is
50
% of
4
% of U.S.-related gross transportation
 
income unless an exemption
 
applies.
The Company and each
 
of its subsidiaries expects it
 
qualifies for this statutory
 
tax exemption for the 2024,
2023 and
 
2022 taxable years,
 
and the
 
Company takes this
 
position for
 
United States federal
 
income tax
return reporting purposes.