TRADE AND OTHER PAYABLES

12 Months Ended

Dec. 31, 2021

Trade and other payables [abstract]

TRADE AND OTHER PAYABLES

21 TRADE AND OTHER PAYABLES

	2021			2020
	US$’000			US$’000
Trade payables		7,675			9,049
Accrued expenses		25,671			17,124
Others		688			1,397
Less: included in liabilities of a disposal group held for sale (Note 38)		-			(17	)
		34,034			27,553
Non-current trade and other payables		(160	)		(198	)
Current trade and other payables		33,874			27,355

Trade and other payables are recognised at amortised cost and their carrying value approximates fair value. Charter hire is paid in advance in terms of the charter contracts. The remaining payment terms are predominately 30 days.

The Group’s trade and other payables are predominantly non-interest bearing and unsecured.