FORWARD-LOOKING STATEMENTS
This report contains certain forward-looking statements concerning future events and our operations, performance and financial condition. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words "believe," "anticipate," "expect," "estimate," "project," "will be," "will continue," "will likely result," "plan," "intend" or words or phrases of similar meanings. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the Partnership's control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to:
● the effects of outbreaks of pandemic or contagious diseases, including the length and severity of the recent worldwide outbreak of COVID-19, including its impact on our business liquidity, cash flows and operations as well as operations of our customers, suppliers and lenders;
● market conditions and trends for floating storage and regasification units (“FSRUs”) and liquefied natural gas (“LNG”) carriers, including hire rates, vessel valuations, technological advancements, market preferences and factors affecting supply and demand of LNG, LNG carriers, and FSRUs;
● our distribution policy and ability to make cash distributions on our units or any changes in the quarterly distributions on our common units;
● restrictions in our debt agreements and pursuant to local laws on our joint ventures’ and our subsidiaries’ ability to make distributions;
● the ability of Höegh LNG to meet its financial obligations to us pursuant to the Suspension and Make-Whole Agreements, the Suspended Gallant Charter, any funding requests under the $85 million revolving credit facility and its guarantee and indemnification obligations;
● the change in the ability of Höegh LNG to compete with us as a result of its completion of the Amalgamation;
● our ability to compete successfully for future chartering and newbuilding opportunities;
● the consummation of the proposed merger transaction with Höegh LNG and the realization of any benefits therefrom;
● demand in the FSRU sector or the LNG shipping sector, including demand for our vessels;
● our ability to purchase additional vessels from Höegh LNG in the future;
● our ability to integrate and realize the anticipated benefits from acquisitions;
● our anticipated growth strategies, including the acquisition of vessels;
● our anticipated receipt of dividends and repayment of indebtedness from subsidiaries and joint ventures;
● effects of volatility in global prices for crude oil and natural gas;
● the effect of the worldwide economic environment;
● turmoil in the global financial markets;
● fluctuations in currencies and interest rates;
● general market conditions, including fluctuations in hire rates and vessel values;
● changes in our operating expenses, including drydocking, on-water class surveys, insurance costs and bunker costs;
● our ability to comply with financing agreements and the expected effect of restrictions and covenants in such agreements;
● the financial condition, liquidity and creditworthiness of our existing or future customers and their ability to satisfy their obligations under our contracts;
● our ability to replace existing borrowings, make additional borrowings and to access public equity and debt capital markets;
● planned capital expenditures and availability of capital resources to fund capital expenditures;
● the exercise of purchase options by our customers;