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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2015
Commitments and Contingencies [Abstract] |
Schedule of future minimum contractual obligations |
|  |  | Twelve month periods ending December 31,
Plus inflows/ minus outflows |  |  | Total |  |  | 2016 |  |  | 2017 |  |  | 2018 |  |  | 2019 |  |  | 2020 |  |  | 2021 and thereafter
Future, minimum, non-cancellable charter revenue (1) |  | $ | 34,784 |  | $ | 33,695 |  | $ | 1,089 |  | $ | - |  | $ | - |  | $ | - |  | $ | -
Future, minimum, non-cancellable lease payment under vessel operating leases (2) |  |  | (5,949) |  |  | (3,605) |  |  | (2,344) |  |  | - |  |  | - |  |  | - |  |  | -
Office rent |  |  | (1,687) |  |  | (256) |  |  | (256) |  |  | (255) |  |  | (252) |  |  | (247) |  |  | (421)
Bareboat capital leases - upfront hire & handling fees (3) |  |  | (7,477) |  |  | (6,469) |  |  | (672) |  |  | (336) |  |  | - |  |  | - |  |  | -
Bareboat commitments charter hire (4) |  |  | (282,474) |  |  | (7,126) |  |  | (16,951) |  |  | (21,388) |  |  | (21,291) |  |  | (21,774) |  |  | (193,944)
Total |  | $ | (262,803) |  | $ | 16,239 |  | $ | (19,134) |  | $ | (21,979) |  | $ | (21,543) |  | $ | (22,021) |  | $ | (194,365)
(1) The amounts represent the minimum contractual charter revenues to be generated from the existing, as of December 31, 2015, non-cancellable time and freight charter until their expiration, net of address commission, assuming no off-hire days other than those related to scheduled interim and special surveys of the vessels. (2) The amounts represent the Company's commitments under the operating lease arrangement for Maiden Voyage disclosed in Note 5. (3) The amounts represent the Company's commitments under the bareboat lease arrangements representing the upfront hire fee and handling fees for those vessels being, as of December 31, 2015, under construction. (4) The amounts represent the Company's commitments under the bareboat lease arrangements representing the charter hire for those vessels being, as of December 31, 2015, under construction discussed in Note 6, as well as those commitments under bareboat lease agreements discussed in Note 5. The bareboat charter hire is comprised of fixed and variable portion, the variable portion is calculated based on the 6-month LIBOR of 0.846%, as of December 31, 2015 (please refer to Note 6).

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- Definition Tabular disclosure of the aggregate amount of payments due on known contractual obligations for the five years following the date of the latest balance sheet and the combined aggregate amount of maturities of known contractual obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph a -Subparagraph 5 + Details
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