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REVENUE FROM SPOT MARKET-RELATED TIME CHARTERS | 9 Months Ended
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Sep. 30, 2012
REVENUE FROM SPOT MARKET-RELATED TIME CHARTERS |
REVENUE FROM SPOT MARKET-RELATED TIME CHARTERS |
12 - REVENUE FROM SPOT MARKET-RELATED TIME CHARTERS Total revenue earned on spot market-related time charters and short-term time charters during the three and nine months ended September 30, 2012 was $6,291 and $20,188, respectively. Total revenue earned on spot market-related time charters and short-term time charters during the three and nine months ended September 30, 2011 was $10,898 and $30,355, respectively. Future minimum time charter revenue based on the Baltic Cougar, which is committed to noncancelable short-term time charters as of September 30, 2012, and the Baltic Leopard, which was on a spot market-related time charter with a fixed rate for the first 65 days, is expected to be $336 for the remainder of 2012. Future minimum time charter revenue for the remaining vessels cannot be estimated as these vessels are currently on spot market-related time charters, and future spot rates cannot be estimated. The spot market-related time charters that the Company’s vessels are currently employed on have estimated expiration dates that range from October 2012 to July 2014.

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- Definition Description of the revenue earned under spot market-related time charters. + References No definition available. + Details
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