Scorpio Tankers Inc. | CIK:0001483934 | 3

  • Filed: 3/23/2018
  • Entity registrant name: Scorpio Tankers Inc. (CIK: 0001483934)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1483934/000148393418000015/0001483934-18-000015-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1483934/000148393418000015/stng-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001483934
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    • ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory

    Accounts payable
    The following table depicts the components of our accounts payable as of December 31, 2017 and 2016:
     
    At December 31,
    In thousands of U.S. dollars
    2017
     
    2016
    Scorpio Ship Management S.A.M. (SSM)
    $
    766

     
    $
    653

    Scorpio LR2 Pool Limited
    365

     
    15

    Scorpio Services Holding Limited (SSH)
    190

     
    90

    Scorpio Commercial Management S.A.M. (SCM)
    186

     
    —

    Scorpio Aframax Tanker Pool Limited
    74

     
    —

    Scorpio LR1 Pool Limited
    22

     
    —

     
    1,603

     
    758

     
     
     
     
    Suppliers
    11,441

     
    8,524

     
    $
    13,044

     
    $
    9,282


    The majority of accounts payable are settled with a cash payment within 90 days. No interest is charged on accounts payable. We consider that the carrying amount of accounts payable approximates fair value.