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Above market acquired charters
12 Months Ended
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