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Voyage Expenses and Vessel Operating Expenses

12 Months Ended

Dec. 31, 2012

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,
		2012				2011				2010
Voyage expenses:
Commissions		$	1,752			$	1,844			$	1,279
Bunkers			3,921				8,400				4,295
Port expenses			-				1,390				1,412
Other			(5)				96				23
Total		$	5,668			$	11,730			$	7,009
Vessel operating expenses:
Crew costs and related costs		$	13,230			$	2,963			$	551
Insurance expense			2,830				784				69
Spares, repairs, maintenance and other expenses			2,231				390				269
Stores and lubricants			3,115				651				112
Management fees			21,784				29,279				28,294
Vetting, insurances, spares and repairs (Note 4)			1,850				1,237				1,966
Other operating expenses			720				161				34
Total		$	45,760			$	35,465			$	31,295

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- Definition

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

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