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Basis Of Presentation And General Information | 12 Months Ended
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Dec. 31, 2013
Basis Of Presentation and General Information (Abstract) |
Basis Of Presentation and General Information |
1. | Basis of Presentation and General Information
Capital Product Partners L.P. (the “Partnership”) was formed on January 16, 2007, under the laws of the Marshall Islands. The Partnership is an international shipping company. Its fleet of thirty modern high specification vessels consists of four suezmax crude oil tankers, eighteen modern medium range tankers all of which are classed as IMO II/III vessels, seven post-panamax container carrier vessels and one capesize bulk carrier. Its vessels are capable of carrying a wide range of cargoes, including crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, edible oils and certain chemicals such as ethanol as well as dry cargo and containerized goods under short-term voyage charters and medium to long-term time and bareboat charters. The consolidated financial statements include the following vessel-owning companies and operating companies which were all incorporated or formed under the laws of the Marshall Islands and Liberia.
Subsidiary |  |  | Date of Incorporation |  |  | Name of Vessel Owned by Subsidiary |  |  | DWT |  |  |  | Date acquired by the Partnership |  |  |  | Date acquired by CMTC |
Capital Product Operating GP LLC |  |  | 01/16/2007 |  |  | — |  |  | — |  |  |  | — |  |  |  | — |
Crude Carriers Corp.(6) |  |  | 10/29/2009 |  |  | — |  |  | — |  |  |  | 09/30/2011 |  |  |  | — |
Crude Carriers Operating Corp. (6) |  |  | 01/21/2010 |  |  | — |  |  | — |  |  |  | 09/30/2011 |  |  |  | — |
Shipping Rider Co. |  |  | 09/16/2003 |  |  | M/T Atlantas (M/T British Ensign) (1) |  |  | 36,760 |  |  |  | 04/04/2007 |  |  |  | 04/26/2006 |
Canvey Shipmanagement Co. |  |  | 03/18/2004 |  |  | M/T Assos (M/T Insurgentes) (1),(4) |  |  | 47,872 |  |  |  | 08/16/2010 04/04/2007 |  |  |  | 05/17/2006 |
Centurion Navigation Limited |  |  | 08/27/2003 |  |  | M/T Aktoras (M/T British Envoy) (1) |  |  | 36,759 |  |  |  | 04/04/2007 |  |  |  | 07/12/2006 |
Polarwind Maritime S.A. |  |  | 10/10/2003 |  |  | M/T Agisilaos (1) |  |  | 36,760 |  |  |  | 04/04/2007 |  |  |  | 08/16/2006 |
Carnation Shipping Company |  |  | 11/10/2003 |  |  | M/T Arionas (1) |  |  | 36,725 |  |  |  | 04/04/2007 |  |  |  | 11/02/2006 |
Apollonas Shipping Company |  |  | 02/10/2004 |  |  | M/T Avax (1) |  |  | 47,834 |  |  |  | 04/04/2007 |  |  |  | 01/12/2007 |
Tempest Maritime Inc. |  |  | 09/12/2003 |  |  | M/T Aiolos (M/T British Emissary) (1) |  |  | 36,725 |  |  |  | 04/04/2007 |  |  |  | 03/02/2007 |
Iraklitos Shipping Company |  |  | 02/10/2004 |  |  | M/T Axios (1) |  |  | 47,872 |  |  |  | 04/04/2007 |  |  |  | 02/28/2007 |
Epicurus Shipping Company |  |  | 02/11/2004 |  |  | M/T Atrotos (M/T El Pipila) (2),(5) |  |  | 47,786 |  |  |  | 03/01/2010 05/08/2007 |  |  |  | 05/08/2007 |
Laredo Maritime Inc. |  |  | 02/03/2004 |  |  | M/T Akeraios (2) |  |  | 47,781 |  |  |  | 07/13/2007 |  |  |  | 07/13/2007 |
Lorenzo Shipmanagement Inc. |  |  | 05/26/2004 |  |  | M/T Apostolos (2) |  |  | 47,782 |  |  |  | 09/20/2007 |  |  |  | 09/20/2007 |
Splendor Shipholding S.A. |  |  | 07/08/2004 |  |  | M/T Anemos I (2) |  |  | 47,782 |  |  |  | 09/28/2007 |  |  |  | 09/28/2007 |
Ross Shipmanagement Co. |  |  | 12/29/2003 |  |  | M/T Attikos (3),(7) |  |  | 12,000 |  |  |  | 09/24/2007 |  |  |  | 01/20/2005 |
Sorrel Shipmanagement Inc. |  |  | 02/07/2006 |  |  | M/T Alexandros II (M/T Overseas Serifos) (2) |  |  | 51,258 |  |  |  | 01/29/2008 |  |  |  | 01/29/2008 |
Baymont Enterprises Incorporated |  |  | 05/29/2007 |  |  | M/T Amore Mio II (3) |  |  | 159,982 |  |  |  | 03/27/2008 |  |  |  | 07/31/2007 |
Forbes Maritime Co. |  |  | 02/03/2004 |  |  | M/T Aristofanis (3),(8) |  |  | 12,000 |  |  |  | 04/30/2008 |  |  |  | 06/02/2005 |
Wind Dancer Shipping Inc. |  |  | 02/07/2006 |  |  | M/T Aristotelis II (M/T Overseas Sifnos) (2) |  |  | 51,226 |  |  |  | 06/17/2008 |  |  |  | 06/17/2008 |
Belerion Maritime Co. |  |  | 01/24/2006 |  |  | M/T Aris II (M/T Overseas Kimolos) (2) |  |  | 51,218 |  |  |  | 08/20/2008 |  |  |  | 08/20/2008 |
Mango Finance Corp. |  |  | 07/14/2006 |  |  | M/T Agamemnon II (3), (4),(10) |  |  | 51,238 |  |  |  | 04/07/2009 |  |  |  | 11/24/2008 |
Navarro International S.A. |  |  | 07/14/2006 |  |  | M/T Ayrton II (3), (5) |  |  | 51,238 |  |  |  | 04/13/2009 |  |  |  | 04/10/2009 |
Adrian Shipholding Inc. |  |  | 06/22/2004 |  |  | M/T Alkiviadis (3) |  |  | 36,721 |  |  |  | 06/30/2010 |  |  |  | 03/29/2006 |
Patroklos Marine Corp. |  |  | 06/17/2008 |  |  | M/V Cape Agamemnon |  |  | 179,221 |  |  |  | 06/09/2011 |  |  |  | 01/25/2011 |
Cooper Consultants Co. renamed to Miltiadis M II Carriers Corp. |  |  | 04/06/2006 |  |  | M/T Miltiadis M II (6) |  |  | 162,000 |  |  |  | 09/30/2011 |  |  |  | 04/26/2006 |
Alexander the Great Carriers Corp. |  |  | 01/26/2010 |  |  | M/T Alexander The Great (6),(9) |  |  | 297,958 |  |  |  | 09/30/2011 |  |  |  | 03/26/2010
Achilleas Carriers Corp. |  |  | 01/26/2010 |  |  | M/T Achilleas (6),(9) |  |  | 297,863 |  |  |  | 09/30/2011 |  |  |  | 06/25/2010
Amoureux Carriers Corp. |  |  | 04/14/2010 |  |  | M/T Amoureux (6) |  |  | 149,993 |  |  |  | 09/30/2011 |  |  |  | —
Aias Carriers Corp. |  |  | 04/14/2010 |  |  | M/T Aias (6) |  |  | 150,393 |  |  |  | 09/30/2011 |  |  |  | —
Agamemnon Container Carrier Corp. |  |  | 04/19/2012 |  |  | M/V Agamemnon (9) |  |  | 103,773 |  |  |  | 12/22/2012 |  |  |  | 06/28/2012
Archimidis Container Carrier Corp. |  |  | 04/19/2012 |  |  | M/V Archimidis (9) |  |  | 103,773 |  |  |  | 12/22/2012 |  |  |  | 06/22/2012
Aenaos Product Carrier S.A. |  |  | 10/16/2013 |  |  | M/T Aristotelis |  |  | 51,604 |  |  |  | 11/28/2013 |  |  |  | —
Anax Container Carrier S.A |  |  | 04/08/2011 |  |  | M/V Hyundai Prestige |  |  | 63,010 |  |  |  | 09/11/2013 |  |  |  | 02/19/2013
Hercules Container Carrier S.A. |  |  | 04/08/2011 |  |  | M/V Hyundai Premium |  |  | 63,010 |  |  |  | 03/20/2013 |  |  |  | 03/11/2013
Iason Container Carrier S.A |  |  | 04/08/2011 |  |  | M/V Hyundai Paramount |  |  | 63,010 |  |  |  | 03/27/2013 |  |  |  | 03/27/2013
Thiseas Container Carrier S.A. |  |  | 04/08/2011 |  |  | M/V Hyundai Privilege |  |  | 63,010 |  |  |  | 09/11/2013 |  |  |  | 05/31/2013
Cronus Container Carrier S.A. |  |  | 07/19/2011 |  |  | M/V Hyundai Platinum |  |  | 63,010 |  |  |  | 09/11/2013 |  |  |  | 06/14/2013
Miltiadis M II Corp. |  |  | 08/28/2012 |  |  | - |  |  | - |  |  |  | - |  |  |  | -
(1 | )Initial Vessels acquired from Capital Maritime & Trading Corp. (“CMTC”) upon consummation of the Partnership's Initial Public Offering (“IPO”) which was completed on April 3, 2007.
(2 | )Committed Vessels (the Partnership committed to acquire these vessels from CMTC upon consummation of the IPO).
(3 | )Non-Contracted Vessels (vessels acquired from CMTC that were neither initial nor committed vessels).
(4 | )Was acquired on April 4, 2007, on April 7, 2009 was exchanged with the M/T Agamemnon II and was reacquired on August 16, 2010.
(5 | )Was acquired on May 8, 2007, on April 13, 2009 was exchanged with the M/T Ayrton II and was reacquired on March 1, 2010.
(6 | )Were acquired upon the completion of the business acquisition of Crude Carriers Corp. (“Crude”).
(7 | )Was sold on February 14, 2012.
(8 | )Was sold on April 4, 2012.
(9 | )On December 22, 2012 the M/T Alexander the Great and the M/T Achilleas were exchanged with the M/V Archimidis and the M/V Agamemnon respectively.
(10) | Was sold on November 5, 2013.
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