Vessel Purchase Options
Certain lease agreements provide the Group with options to purchase the related vessels at predetermined times and prices during the lease periods. The average price of the Group’s existing purchase options in the earliest years in which these options may be exercised, along with the number of vessels and the average age of such vessels in those years, are as follows:
in which options may be
31 December 2014 2
exercise price 1
|Note 1: Includes certain purchase options priced in Japanese Yen.
Note 2: In respect of three finance lease vessels with an average age of 17 years, we hold purchase options which are currently exercisable
at an average price of US$6.1 million.