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Vessels (Tables)

6 Months Ended

Jun. 30, 2014

Vessels (Abstract)

Vessels (Table Text Block)

		Vessel Cost		Accumulated depreciation		Net book value
Balance as at January 1, 2013		$1,136,444		$(176,894)		$959,550
Acquisition and improvements		308,141		-		308,141
Disposals		(48,033).		-		(48,033).
Depreciation for the period		-		(42,839).		(42,839).
Balance as at December 31, 2013		1,396,552		(219,733)		1,176,819
Acquisition  and improvements		183		-		183
Depreciation for the period		-		(28,471).		(28,471).
Balance as at June 30, 2014		$1,396,735		$(248,204).		$1,148,531

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.13)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 13

-Subparagraph b

-Article 5

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