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Discontinued Operations | 12 Months Ended
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Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | 3. Discontinued Operations The Partnership’s discontinued operations relate to the operations of Diamond S, as following the spin-off, the Partnership has no continuing involvement in this business (Note 1). Summarized selected operating results of the Partnership’s discontinued operations for the years ended December 31, 2018, 2017 and 2016 were as follows:
Major items constituting income from discontinued operations | For the years ended December 31,
2018 |  | 2017 |  | 2016
Revenues | 161,659 |  | 132,443 |  | 127,9 39
Expenses |  |  |  |  |
Voyage expenses | 37,202 |  | 10,498 |  | 6,9 28
Vessel operating expenses | 68,406 |  | 54,281 |  | 44,862
Vessel depreciation and amortization | 40,276 |  | 38,014 |  | 36,815
Interest expense and finance cost | 8,433 |  | 6,642 |  | 5,71 3
Other (income) / expenses | (16 5) |  | 32 0 |  | (11 8)
Net income from discontinued operations | 7,507 |  | 22,688 |  | 33,739
Summarized selected balance sheet information of the Partnership’s discontinued operations as of December 31, 2018 and 2017 was as follows:
Carrying amounts of major classes of assets included as part of discontinued operations | As of December 31, 2018 |  | As of December 31, 2017
Cash | 10,000 |  | 10,000
Inventories | 7,183 |  | 2,817
Prepayments and other assets | 6,515 |  | 771
Total major classes of current assets of discontinued operations | 23,698 |  | 13,588
Vessels | 643,682 |  | 607,528
Deferred charges, net | 2,220 |  | 819
Above market acquired charters | 7,531 |  | -
Prepayments and other assets | 1,035 |  | -
Total major classes of non-current assets of discontinued operations | 654,468 |  | 608,347
Total major classes of assets of discontinued operations | 678,166 |  | 621,935
Carrying amounts of major classes of liabilities included as part of discontinued operations |  |  |
Current portion of long-term debt, net | 14,869 |  | 15,808
Deferred revenue | 1,611 |  | 7,250
Trade accounts payables and accrued liabilities | 5,055 |  | -
Total major classes of current liabilities of discontinued operations | 21,535 |  | 23,058
Long-term debt, net | 134,744 |  | 107,960
Total major classes of long term liabilities of discontinued operations | 134,744 |  | 107,960
Total major classes of liabilities of the discontinued operations | 156,279 |  | 131,018
During 2018, the Partnership acquired the M/T Aristaios and the M/T Anikitos and their attached time charter contracts. As the time charters daily rates of these contracts were above the market rates as of the transactions’ completion dates, the Partnership recognized the time charter contracts in its financial statements as above market acquired charters. The Partnership allocated the total consideration for these acquisitions to the vessels in the amount of $73,959 and to the above market acquired charters in the amount of $10,041. The M/T Aristaios and M/T Anikitos are part of the Crude and Product Tanker business that the Partnership spun-off in connection with the DSS Transaction. During 2018 and 2017, certain of the Partnership’s vessels that are part of the Crude and Product tanker business underwent improvements. The costs of these improvements amounted to $1,091 and $143 respectively and were capitalized as part of the vessels’ cost. During 2018 and 2017, the Partnership paid advances relating to the construction of exhaust gas cleaning systems and ballast water treatment systems that will be installed to certain of its vessels that are part of Crude and Product tanker business, of $1,035 and $0 respectively. During 2016, the Partnership acquired the M/T Amor and the attached time charter contract. As the time charter daily rate of this contract was above the market rates as of the transaction completion date, the Partnership recognized in its financial statements as above market acquired charter. The Partnership allocated the total consideration for these acquisitions to the vessel in the amount of $31,600, and to the above market acquired charter in the amount of $1,061. During 2016, certain of the Partnership’s vessels that are part of the Crude and Product tanker business underwent improvements during their scheduled special survey respectively. The costs of these improvements amounted to $511.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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