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INVENTORIES
12 Months Ended
Dec. 31, 2023
Classes of current inventories [abstract]  
INVENTORIES INVENTORIES
The composition of Inventories is as follows:
 As of
December 31, 2023
As of
December 31, 2022
 ThUS$ThUS$
Technical stock (*)540,342 438,717 
Non-technical stock (**)52,538 39,072 
Total592,880 477,789 

(*) Correspond to spare parts and materials that will be used in both own and third-party maintenance services.

(**) Consumption of on-board services, uniforms and other indirect materials

These are valued at their average acquisition cost net of their obsolescence provision according to the following detail:
 As of
December 31, 2023
As of
December 31, 2022
 ThUS$ThUS$
Provision for obsolescence Technical stock45,621 49,981 
Provision for obsolescence Non-technical stock5,228 5,823 
Total50,849 55,804 

The resulting amounts do not exceed the respective net realization values.
As of December 31, 2023, the Company registered ThUS$296,423 (ThUS$148,790 for the year ended, December 31, 2022 and ThUS$47,362 for the year ended December 31, 2021) the income statements, mainly related to on-board consumption and maintenance, which is part of the Cost of sales.