The following table includes the estimated fair value, carrying value and categorization using the fair value hierarchy of those assets and liabilities that are measured at their estimated fair value on a recurring and non-recurring basis, as well as certain financial instruments that are not measured at fair value.


				December 31, 2013						December 31, 2012
	Fair Value Hierarchy Level			Carrying Amount Asset/ (Liability) $			Fair Value Asset/ (Liability) $			Carrying Amount Asset/ (Liability) $			Fair Value Asset/ (Liability) $
Recurring:
Cash and cash equivalents		Level 1			25,646			25,646			26,341			26,341
Derivative instruments
Interest rate swap agreements (note 9)		Level 2			(25,268	)		(25,268	)		(33,631	)		(33,631	)
Non-recurring:
Vessels and equipment (note 17)		Level 2			—			—			252,068			252,068
Vessel held for sale (note 17)		Level 2			—			—			9,114			9,114
Other
Investment in term loans and interest receivable		Level 3			136,061			134,857			119,385			117,784
Loan to joint venture		Note	(1)		9,830			Note	(1)		9,830			Note	(1)
Long-term debt, including current portion		Level 2			(744,634	)		(679,910	)		(735,701	)		(648,724	)

(1)

The Company’s loan to the joint venture, together with the Company’s equity investment in the joint venture, form the aggregate carrying value of the Company’s interest in an entity accounted for by the equity method in these consolidated financial statements. The fair value of the individual components of such aggregate interest is not determinable.