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Fixed Assets (Tables)

6 Months Ended

Jun. 30, 2016

Fixed assets [Abstract]

Advances for vessels under construction - related party

		Advances for vessels under construction-related party
Balance as at January 1, 2016			$18,172
Transfer to vessels			(18,172)
Balance as at June 30, 2016			$-

Vessels, net

	Vessel Cost	Accumulated depreciation	Net book value
Balance as at January 1, 2016	$1,653,727	$(338,242)	$1,315,485
Acquisition and improvements	70,675	-	70,675
Transfer from advances for vessels under construction - related party	18,172	-	18,172
Depreciation for the period	-	(34,478	)                (34,478)
Balance as at June 30, 2016	$1,742,574	$(372,720)	$1,369,854

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- Definition

Tabular disclosure of advances for vessels under construction.

+ References

No definition available.

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- References

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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

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