KNOT Offshore Partners LP 2025年年度报告和过渡报告

KNOT OFFSHORE PARTNERS LP Largeacceleratedfiler☐Acceleratedfiler☒Non-accelerated filer☐Emerginggrowthcompany☐ *The term “new or revised financial accounting standards” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April5, 2012.Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒ KNOT Offshore PartnersLP INDEX TO REPORT ON FORM20-F 1Forward-Looking StatementsPartIItem1.Identity of Directors, Senior Management and AdvisersItem2.Offer Statistics and Expected TimetableItem3.Key InformationA.ReservedB.Capitalization and IndebtednessC.Reasons for the Offer and Use of ProceedsD.Risk FactorsItem4.Information on the PartnershipA.History and Development of the PartnershipB.Business OverviewC.Organizational StructureD.Property, Plants and EquipmentItem4A.Unresolved Staff CommentsItem5.Operating and Financial Review and ProspectsA.Operating ResultsB.Liquidity and Capital ResourcesC.Research and Development, Patents and Licenses, Etc.D.Trend InformationE.Critical Accounting EstimatesItem6.Directors, Senior Management and EmployeesA.Directors and Senior ManagementB.CompensationC.Board PracticesD.EmployeesE.Unit OwnershipF.Disclosure of a Registrant’s Action to Recover Erroneously Awarded CompensationItem7.Major Unitholders and Related Party TransactionsA.Major UnitholdersB.Related Party TransactionsC.Interests of Experts and Counsel105Item8.Financial Information105A.Consolidated Statements and Other Financial Information105B.Significant Changes107Item9.The Offer and Listing107A.Offer and Listing Details107B.Plan of Distribution107C.Markets107D.Selling Shareholders107E.Dilution108F.Expenses of the Issue108Item10.Additional Information108A.Share Capital108B.Memorandum and Articles of Association108C.Material Contracts108D.Exchange ControlsE.TaxationF.Dividends and Paying AgentsG.Statement by Experts H.Documents on Display118I.Subsidiary Information118J.Annual Report to Security Holders118Item11.Quantitative and Qualitative Disclosures About Market Risk118Item12.Description of Securities Other than Equity Securities119PartII120Item13.Defaults, Dividend Arrearages and Delinquencies120Item14.Material Modifications to the Rights of Securities Holders and Use of Proceeds120Item15.Controls and Procedures120Item16A.Audit Committee Financial Expert121Item16B.Code of Ethics121Item16C.Principal Accountant Fees and Services121Item16D.Exemptions from the Listing Standards for Audit Committees122Item16E.Purchases of Equity Securities by the Issuer and Affiliated Purchasers122Item16F.Change in Registrants’ Certifying Accountant122Item16G.Corporate Governance122Item16H.Mine Safety Disclosure123Item16I.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections123Item16J.Insider trading policies123Item16K.Cybersecurity123PartIII126Item17.Financial Statements126Item18.Financial Statements126Item19.Exhibits127Signature130Index to Financial Statements of KNOT Offshore PartnersLPF-1 FORWARD-LOOKING STATEMENTS This Annual Report on Form20-F for theyear ended December 31, 2024 (this “Annual Report”) containscertain forward-looking statements concerning plans and objectives of management for future operations oreconomic performance, or assumptions related thereto, including our financial forecast. In addition, we and ourrepresentatives may from time to time make other oral or written statements that are also forward-lookingstatements. Such statements include, in particular, statements about our plans, strategies, business prospects,changes and trends in our business, and the markets in which we operate as described in this Annual Report. Insome cases, you can identify the forward-looking statements by the use of words such as “may,” “could,”“should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,”“propose,” “potential,” “continue” or the negative of these terms or other comparable terminology. Theseforward-looking statements reflect management’s current views only as of the date of this Annual Report and arenot intended to give any assurance as to future results. As a result, unitholders are cautioned not to rely on anyforward-looking statements. Forward-looking statements appear in a number of places in this Annual Report and include statements withrespect to, among other things: ●market trends in the shuttle tanker or general tanker industries, including hire rates, factors affectingsupply and demand, and opportunities for the profitable operations of shuttle tankers andconventional tankers;●market trends in the production of oil in the North Sea, Brazil and elsewhere;●the ability of Knutsen NYK Offshore Tankers AS (“KNOT”) and K