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Basis of Presentation and General Information

12 Months Ended

Dec. 31, 2016

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. was formed on January 16, 2007, under the laws of the Marshall Islands. The Partnership is an international shipping company. Its fleet of thirty six modern high specification vessels consists of four suezmax crude oil tankers, twenty-one modern medium range tankers, all of which are classed as IMO II/III chemical/product carriers, ten 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 Capital Product Partners, L.P. and the following vessel-owning companies and operating companies (collectively the “Partnership”) 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 LLC

01/16/2007

—

—

—

—

Crude Carriers Corp.

10/29/2009

—

—

09/30/2011

—

Crude Carriers Operating Corp.

01/21/2010

—

—

09/30/2011

—

Shipping Rider Co.

09/16/2003

M/T Atlantas II

36,760

04/04/2007

04/26/2006

Canvey Shipmanagement Co.

03/18/2004

M/T Assos

47,872

08/16/2010

04/04/2007

05/17/2006

Centurion Navigation Limited

08/27/2003

M/T Aktoras

(M/T British Envoy)

36,759

04/04/2007

07/12/2006

Polarwind Maritime S.A.

10/10/2003

M/T Agisilaos

36,760

04/04/2007

08/16/2006

Carnation Shipping Company

11/10/2003

M/T Arionas

36,725

04/04/2007

11/02/2006

Apollonas Shipping Company

02/10/2004

M/T Avax

47,834

04/04/2007

01/12/2007

Tempest Maritime Inc.

09/12/2003

M/T Aiolos

(M/T British Emissary)

36,725

04/04/2007

03/02/2007

Iraklitos Shipping Company

02/10/2004

M/T Axios

47,872

04/04/2007

02/28/2007

Epicurus Shipping Company

02/11/2004

M/T Atrotos

47,786

03/01/2010

05/08/2007

05/08/2007

Laredo Maritime Inc.

02/03/2004

M/T Akeraios

47,781

07/13/2007

07/13/2007

Lorenzo Shipmanagement Inc.

05/26/2004

M/T Apostolos

47,782

09/20/2007

09/20/2007

Splendor Shipholding S.A.

07/08/2004

M/T Anemos I

47,782

09/28/2007

09/28/2007

Ross Shipmanagement Co.

12/29/2003

M/T Attikos

12,000

09/24/2007

01/20/2005

Sorrel Shipmanagement Inc.

02/07/2006

M/T Alexandros II

(M/T Overseas Serifos)

51,258

01/29/2008

01/29/2008

Baymont Enterprises Incorporated

05/29/2007

M/T Amore Mio II

159,982

03/27/2008

07/31/2007

Forbes Maritime Co.

02/03/2004

M/T Aristofanis

12,000

04/30/2008

06/02/2005

Wind Dancer Shipping Inc.

02/07/2006

M/T Aristotelis II

(M/T Overseas Sifnos)

51,226

06/17/2008

06/17/2008

Belerion Maritime Co.

01/24/2006

M/T Aris II

(M/T Overseas Kimolos)

51,218

08/20/2008

08/20/2008

Mango Finance Corp.

07/14/2006

M/T Agamemnon II

51,238

04/07/2009

11/24/2008

Navarro International S.A.

07/14/2006

M/T Ayrton II

51,260

04/13/2009

04/10/2009

Adrian Shipholding Inc.

06/22/2004

M/T Alkiviadis

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

162,397

09/30/2011

04/26/2006

Amoureux Carriers Corp.

04/14/2010

M/T Amoureux

149,993

09/30/2011

—

Aias Carriers Corp.

04/14/2010

M/T Aias

150,393

09/30/2011

—

Agamemnon Container Carrier Corp.

04/19/2012

M/V Agamemnon

108,892

12/22/2012

06/28/2012

Archimidis Container Carrier Corp.

04/19/2012

M/V Archimidis

108,892

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

—

—

—

—

Dias Container Carrier S.A

05/16/2013

M/V Akadimos (renamed to “CMA CGM
Amazon”) (1)

115,145

06/10/2015

06/10/2015

Poseidon Container Carrier S.A

05/16/2013

M/V Adonis (renamed to “ CMA CGM
Uruguay”) (1)

115,639

09/18/2015

09/18/2015

Isiodos Product Carrier S.A

05/31/2013

M/T Active (1)

50,136

03/31/2015

03/31/2015

Titanas Product Carrier S.A

05/31/2013

M/T Amadeus (1)

50,108

06/30/2015

06/30/2015

Atrotos Container Carrier S.A

10/25/2013

M/V Anaxagoras (renamed to “CMA CGM Magdalena”) (1)

115,639

02/26/2016

02/26/2016

Filonikis Product Carrier S.A

05/31/2013

M/T Amor

49,999

10/24/2016

09/30/2015

Vessels that were acquired according to the terms of the Master Vessel Acquisition Agreement (“Master Agreement”) (Notes 5, 12).