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Basis Of Presentation And General Information
 12 Months Ended
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.
 
.