Hugo De Stoop: That’s a great question. So you’re very far because you’re allowed to ask one question, one sentence, you asked 3 or 4. Congratulations for that. I think the first one, I’m going to give the word to leave about OpEx inflation, if I understand well, knowing that it has come down year after year, certainly, in the last 4, 5 years, and that was due to an exercise in trying to use economies of scale, and that does take time. But it is, as you’ve seen, paying off very, very well. And we are very proud of the work that we have done. Obviously, now we are inflationary. So, I give the word to Lieve.
Lieve Logghe: Yes, indeed it is. So indeed, we have to take into consideration, and we have budgeted for an inflation increase between 4% and 5%. And the main topics there are indeed crewing costs. because there, indeed, we still can optimize it because as Hugo mentioned, we did a step down over the 2 or 3 last years. But now this — because of inflation everywhere popping up, it’s a topic which will hit negatively but to a smaller amount of our OpEx. And then combined with the fact that also for technical and fuel loop oils, we will have a bit of a negative impact or inflation kicking in also in the environment of 4% to 5%. So globally, looking to our budget, we are speaking here for 4% to 5%.
Thijs Berkelder: Okay. Clear.
Hugo De Stoop: Good. The second part of your question, it’s a complex one, and I’m not sure the appropriate forum, but maybe I can explain in theory. So in some contracts, you have termination close and then each party has a termination that can be well, financially compensated or nothing here. The termination clause is pretty clear, but Tuesday, we will see whether there was any right to even it or not. And let’s wait until Tuesday to see indeed is the reason for which frontline is terminated, we are valid or not, I’m not a judge, so I could not help you there. On the financial side, I think that we first need to see what comes out on Tuesday, even though that’s not on the merits and the medics is very much and leading to the financial part, but that’s also a relatively complicated calculation that is being done as we speak.
And I think that will agree with me in this kind of transaction where you’re not simply buying something that is valued in the market, but where you’re exchanging shares and the calculation becomes a little bit more complicated and each side will have to make its own. And then again, someone else called an arbitrator that will decide what is the right or wrong financial compensation. The fundamental question that you’ve asked is a very interesting one. And it’s almost a philosophical one. If the person that you want to marry certainly doesn’t want to marry — does that mean that you should start a trade relationship? Does that mean that you should dislike or even profoundly this like this person — and I’ve seen in many occasions where a marriage wedding is canceled.
And 3 months later, people get very anyhow. Maybe there was a misunderstanding. Maybe there was something that they were not ready for. And again, we are always talking about there is a problem, let’s identify the problem and let’s see if we can find a solution that problem. Maybe the solution is that we don’t marry, maybe the solution is that we marry, maybe we change the place of the way. Maybe we change the orchestra — maybe we don’t invite the model in load. But this idea that because you no longer want to marry at a certain point in time, it’s forever and that this person that you were in love with becomes an enemy is something that is not part of our philosophy.
