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Above market acquired charters | 6 Months Ended
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Jun. 30, 2019
Above market acquired charters [Abstract] |
Above market acquired charters | 7. Above market acquired charters Above market charters acquired are amortized using the straight line method as a reduction to revenues over the remaining term of the charters. For the six-month periods ended June 30, 2019 and 2018, revenues were reduced by $7,131 for each period, as a result of the amortization of the above market acquired charters. An analysis of above market acquired charters is as follows:
Above market acquired charters | Book value
Carrying amount as at January 1, 2019 | $ 60,655
Amortization | (7,131)
Carrying amount as at June 30, 2019 | $53,524
As of June 30, 2019, the remaining carrying amount of unamortized above market acquired time charters was $53,524 and will be amortized in future years as follows:
For the twelve-month period s ending June 30, |  | Amount
2020 |  | $ | 14,397
2021 |  | $ | 8,745
2022 |  | $ | 8,371
2023 |  | $ | 8,371
2024 |  | $ | 8,385
Thereafter |  | $ | 5,255
Total |  | $ | 53,524

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