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Fair value of Above Market Acquired Time Charters

6 Months Ended

Jun. 30, 2014

Fair Value Of Above Market Acquired Time Charters [Abstract]

Fair Value of Above Market Acquired Time Charters

7.      Fair value of Above Market Acquired Time Charters:

The amortization of fair value of above-market acquired time charters related to the vessels Star Big and Star Mega, which were acquired in 2011, amounted to $3,150 and $3,149  for the six months ended June 30, 2013 and 2014, respectively, and is included under "Voyage revenues" in the accompanying unaudited interim condensed consolidated statements of operations.

The estimated aggregate amortization expense of the above market acquired time charters until their expiration is analyzed as follows:

Twelve month periods ending			Amount
June 30, 2015		$	3,525
June 30, 2016			1,304
Total		$	4,829

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- Definition

The entire disclosure for the asset or liability arising from the market value of the time charter assumed from a vessel acquisition or redelivery upon a time charter agreement termination.

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