XML 26 R61.htm IDEA: XBRL DOCUMENT v3.19.3
Long-Term Debt Covenants Description (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
Debt Instrument [Line Items]  
Ratio Of EBITDA To Net Interest Expense 2:1
Debt Instrument Covenant Description The Partnership’s credit facility contain customary ship finance covenants, including restrictions as to changes in management and ownership of the mortgaged vessels, the incurrence of additional indebtedness and the mortgaging of vessels and requirements such as, the ratio of EBITDA to Net Interest Expenses to be no less than 2:1, a minimum cash requirement of $500 per vessel, the ratio of net Total Indebtedness to the Total Assets of the Partnership adjusted for the Market Value of the fleet not to exceed 0.75:1 for the 2017 credit facility. The credit facility also contains a collateral maintenance requirement under which the aggregate fair market value of the collateral vessels should not be less than 125%. Also the vessel-owning companies may pay dividends or make distributions when no event of default has occurred and the payment of such dividend or distribution has not resulted in a breach of any of the financial covenants. As of December 31, 2018 and 2017 the Partnership was in compliance with all financial covenants.
2017 Credit Facility  
Debt Instrument [Line Items]  
Net Total Indebtedness to the aggregate Market Value of the Total fleet 75.00%
Collateral Maintenance Requirement 125.00%
Minimum cash requirement per collateralized vessel  
Debt Instrument [Line Items]  
Restricted cash $ 500