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Above market acquired charters
 12 Months Ended
Dec. 31, 2015
Above market acquired charters [Abstract]  
Above market acquired charters
6. Above market acquired charters
For the years ended December 31, 2015, 2014 and 2013 revenues included a reduction of $14,864, $16,000 and $13,594 as amortization of the above market acquired charters, respectively.
 
An analysis of above market acquired charters is as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Above market acquired charters
 
M/V Cape
Agamemnon
 
 
M/T Assos
 
 
M/V
Agamemnon
 
 
M/V
Archimidis
 
 
M/V
Hyundai
Premium
 
 
 
M/V
Hyundai
Paramount
 
 
 
M/V
Hyundai
Prestige
 
 
 
M/V
Hyundai
Privilege
 
 
 
M/V
Hyundai
Platinum
 
 
 
Total
 
Carrying amount as at
January 1, 2014
 
$
34,814
  
 
$
612
  
 
$
1,363
  
 
$
1,432
  
 
$
18,396
  
 
$
18,528
  
 
$
18,575
  
 
$
18,816
  
 
$
18,846
  
 
$
131,382
  
Amortization
 
 
(5,357
 ) 
 
 
(612
 ) 
 
 
(863
 ) 
 
 
(796
 ) 
 
 
(1,668
 ) 
 
 
(1,670
 ) 
 
 
(1,693
 ) 
 
 
(1,672
 ) 
 
 
(1,669
 ) 
 
 
(16,000
 ) 
Carrying amount as at
December 31, 2014
 
$
29,457
 
 
$
-
  
 
$
500
  
 
$
636
  
 
$
16,728
  
 
$
16,858
  
 
$
16,882
  
 
$
17,144
 
 
$
17,177
 
 
$
115,382
  
Amortization
 
 
(5,357
 ) 
 
 
—
  
 
 
(500
 ) 
 
 
(636
 ) 
 
 
(1,668
 ) 
 
 
(1,669
 ) 
 
 
(1,692
 ) 
 
 
(1,673
 ) 
 
 
(1,669
 ) 
 
 
(14,864
 ) 
Carrying amount as at
December 31, 2015
 
$
24,100
 
 
$
—
  
 
$
—
  
 
$
—
  
 
$
15,060
 
 
$
15,189
 
 
$
15,190
 
 
$
15,471
 
 
$
15,508
 
 
$
100,518
 
 
As of December 31, 2015 the remaining carrying amount of unamortized above market acquired time charters was $100,518 and will be amortized in future years as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the twelve month period ended
December 31,
 
M/V Cape
Agamemnon
 
 
 
M/V
Hyundai
Premium
 
 
M/V
Hyundai
Paramount
 
 
M/V
Hyundai
Prestige
 
 
M/V
Hyundai
Privilege
 
 
M/V
Hyundai
Platinum
 
 
Total
 
2016
 
$
5,372
 
  
 
$
1,668
  
 
$
1,670
  
 
$
1,697
  
 
$
1,676
  
 
$
1,674
  
 
$
13,757
  
 
 
 
2017
 
 
5,357
 
  
 
 
          1,668
  
 
 
1,670
  
 
 
1,693
  
 
 
1,672
  
 
 
1,669
  
 
 
13,729
  
 
 
 
2018
 
 
5,357
 
  
 
 
1,668
  
 
 
1,670
  
 
 
1,693
  
 
 
1,672
  
 
 
1,669
  
 
 
13,729
  
 
 
 
2019
 
 
5,357
 
  
 
 
1,668
  
 
 
1,670
  
 
 
1,693
  
 
 
1,672
  
 
 
1,669
  
 
 
13,729
  
 
 
 
2020
 
 
2,657
 
  
 
 
1,668
  
 
 
1,670
  
 
 
1,697
  
 
 
1,676
  
 
 
1,674
  
 
 
11,042
  
 
 
 
Thereafter
 
 
—
  
  
 
 
6,720
  
 
 
6,839
  
 
 
6,717
  
 
 
7,103
  
 
 
7,153
  
 
 
34,532
  
Total
 
$
24,100
 
  
 
$
15,060
  
 
$
15,189
  
 
$
15,190
  
 
$
15,471
  
 
$
15,508
  
 
$
100,518