As at 31 December 2014, the Group had vessel commitments of US$384.7 million. These vessels are scheduled to deliver to the Group between July 2015 and April 2017.
|Contracted and authorised commitments|
|Planned drawdown of committed Japanese export credit facilities||(94.3)||(153.6)||(102.3)||(350.2)|
These commitments, along with future potential vessel acquisitions, will be financed by a combination of cash generated by the Group’s operations, existing cash and committed long-term borrowings. Where commitments are in currencies other than USD, the Group has entered into forward foreign exchange contracts to purchase the currencies at predetermined rates.