v2.4.0.6

REVENUE FROM SPOT MARKET-RELATED TIME CHARTERS (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
REVENUE FROM SPOT MARKET-RELATED TIME CHARTERS
Total revenue earned on spot market-related time charters and the short-term time charter	$ 6,291	$ 10,898	$ 20,188	$ 30,355
Future minimum time charter revenue
Period for which Baltic Leopard was on a spot market-related time charter with a fixed rate			65 days
Remainder of 2012	$ 336		$ 336

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- Definition

Represents the period for which the entity has on a spot market-related time charter with a fixed rate.

+ References

No definition available.

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- Definition

Represents the expected future minimum charter revenue, based on vessels committed to noncancellable time charter contracts for the remainder of the fiscal year following the latest fiscal year ended.

+ References

No definition available.

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- Definition

Revenue from transporting cargo and freight between locations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.1(d))

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Audit and Accounting Guide (AAG)

-Number AAG-AIR

-Paragraph 4

-IssueDate 2003-05-01

-Chapter 3

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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