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Voyage Expenses And Vessel Operating Expenses

12 Months Ended

Dec. 31, 2011

Voyage Expenses And Vessel Operating Expenses Abstract

Voyage Expenses and Vessel Operating Expenses

10. Voyage Expenses and Vessel Operating Expenses

Voyage expenses and vessel operating expenses consist of the following:

		For the years ended December 31,
		2011				2010				2009
Voyage expenses:
Commissions		$	1,844			$	1,279			$	1,084
Bunkers			8,400				4,295				2,209
Port expenses			1,390				1,412				604
Other			96				23				96
Total		$	11,730			$	7,009			$	3,993
Vessel operating expenses:
Crew costs and related costs		$	2,963			$	551			$	1,332
Insurance expense			784				69				162
Spares, repairs, maintenance and other expenses			390				269				1,015
Stores and lubricants			651				112				256
Management fees			29,279				28,294				27,191
Vetting, insurances, spares and repairs (Note 4)			1,237				1,966				2,963
Other operating expenses			161				34				115
Total		$	35,465			$	31,295			$	33,034

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- Definition

Tabular disclosure of voyage and operating expenses relating to the operation and maintenance of the vessels, which are not separately disclosed in the income statement.

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