Icon expects to finance those payments with a combination of cash on hand and cash from operations ... at a floating daily hire rate linked to the Baltic Supramax Index. In addition to the ...

In addition to the daily hire rate, Icon will also receive part of the ... risks associated with operations; broader market impacts arising from war (or threatened war) or international ...

Icon has made an advance payment of $2.75 million and will pay an additional $2.75 million upon delivery, followed by a hire rate of $7,500 per day over a three-year bareboat charter period.