4 unchanged sentences
This exposure includes prepaid assets, potential newbuild contracted payments, charter commitments and current liabilities that are denominated in currencies other than our functional currency.
−Removed: In addition, we have ship maintenance and construction contracts which are denominated in currencies other than the U.S.
+Added: We have ship maintenance and construction contracts which are denominated in currencies other than the U.S.
While we have previously entered into, and may, in the future, enter into, forward contracts to manage a portion of the currency risk associated with these contracts, we are, or may be, exposed to fluctuations in the exchange rates for the portions of the contracts that have not been hedged.
4 unchanged sentences
The fluctuations in the value of these forward contracts largely offset the impact of changes in the value of the underlying risk they economically hedge.
−Removed: We generally have not hedged our fuel purchases as there is also no particular market or index to hedge against given the geographic diversity in where we purchase our fuel.
+Added: We generally have not hedged our fuel purchases as there is no particular market or index to hedge against given the geographic diversity of where we purchase our fuel.
During 2022, fuel costs increased across our fleet as worldwide crude oil and fuel prices significantly increased with the Russian invasion of Ukraine.
3 unchanged sentences
For additional information regarding our long-term borrowings see Note 6―Long-Term Debt to our Consolidated Financial Statements included herein.
−Removed: Financial Statements and Supplementary Data
−Removed: The consolidated financial statements and related financial statement schedules required under Item 8 are included beginning on page F-1 of this Report.
−Removed: Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.