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Above market acquired charters | 12 Months Ended
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Dec. 31, 2018
Above market acquired charters [Abstract] |
Above market acquired charters | 6. Above market acquired charters For the years ended December 31, 2018, 2017 and 2016 revenues were reduced by $14,380, $14,380 and $14,309, respectively, corresponding to the amortization of the above market acquired charters. The following table presents an analysis of above market acquired charters:
Above market acquired charters | Book Value
Carrying amount as at January 1, 2017 | $89,415
Amortization | $(14,380)
Carrying amount as at December 31, 2017 | $75,035
Amortization | $(14,380)
Carrying amount as at December 31, 2018 | $60,655
As of December 31, 2018, the remaining carrying amount of unamortized above market acquired time charters was $60,655 and will be amortized in future years as follows:
For the year ending December 31, | Amount
2019 | $14,380
2020 | $11,696
2021 | $8,416
2022 | $8,371
2023 | $8,371
Thereafter | $9,421
Total | $60,655

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