General accounting principles (Policies) |
9 Months Ended | |||
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Sep. 30, 2024 | ||||
| General accounting principles [Abstract] | ||||
| Statement of compliance |
The interim condensed consolidated financial statements have been prepared
in accordance with IAS 34 “Interim Financial Reporting” as issued by the International Accounting Standards Board (“IASB”).
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| Basis of preparation |
The interim condensed consolidated financial statements have been prepared
on a historical cost basis. The accounting policies applied in these condensed consolidated interim financial statements are consistent with those presented in the 2023 audited consolidated financial statements.
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| Vessels under construction - pre-delivery installments |
Vessels under construction - pre-delivery installments
The initial pre-delivery installments made for vessels are recorded in the statement of financial position as “Advances for vessels under construction” under
Non-current assets. Vessels under construction are presented at cost less identified impairment losses, if any. Costs relating to vessels under construction include pre-delivery installments to the shipyard and other vessel costs incurred during the construction period that are directly
attributable to construction of the vessels, including borrowing costs, if any, incurred during the construction period.
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| Application of new and revised International Financial Reporting Standards ("IFRSs") |
Application of new and revised International Financial Reporting Standards (“IFRSs”)
New and amended standards and interpretations that are issued are disclosed below.
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