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Subsequent Events | 12 Months Ended
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Dec. 31, 2015
Subsequent Events [Abstract] |
Subsequent Events |
19. | Subsequent Events
On February 18, 2016, the Partnership took delivery of its first MEGI LNG carrier newbuilding, which commenced its five-year charter contract with a subsidiary of Cheniere Energy, Inc. on February 29, 2016. The Partnership’s second MEGI LNG carrier newbuilding is scheduled to deliver in mid-2016. In February 2016, the Partnership secured financing for these two MEGI LNG carrier newbuildings through a sale-leaseback transaction of approximately $179 million per vessel. During February and March 2016, Centrofin Management Inc., the charterer for both the Bermuda Spirit and Hamilton Spirit Suezmax tankers, exercised its option to purchase both the Bermuda Spirit and Hamilton Spirit as permitted under the charter agreement. The Bermuda Spirit was sold on April 15, 2016 and the Hamilton Spirit is expected to be sold in May 2016. Substantially all of the net proceeds to be received from the sales are expected to be used to repay existing term loans for these vessels.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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