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Discontinued Operations | 12 Months Ended
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Dec. 31, 2019
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, 2019, 2018 and 2017 were as follows:
Major items constituting net (loss) / income from discontinued operations | For the years ended December 31,
2019* | 2018 | 2017 |
Revenues | $ 46,172 | $ 161,659 | $ 132,443 |
Expenses |  |  |  |
Voyage expenses | 12,655 | 37,202 | 10,498 |
Vessel operating expenses | 15,506 | 68,406 | 54,281 |
General and administrative expenses | 2,564 | — | — |
Vessel depreciation and amortization | 9,630 | 40,276 | 38,014 |
Impairment of vessels | 149,578 | — | — |
Interest expense and finance cost | 3,174 | 8,433 | 6,642 |
Other (income) / expenses | (59) | (16 5) | 32 0 |
Net (loss) / income from discontinued operations | $ (146,876) | $ 7,507 | $ 22,688 |
*represents activity for the period from January 1, 2019 to the date of the completion of the DSS Transaction on March 27, 2019. As the Partnership spun off its Tanker Business on March 27, 2019, assets and liabilities contributed to the DSS Transaction are no longer included in the consolidated balance sheet as of December 31, 2019. Summarized selected balance sheet information of the Partnership’s discontinued operations as of December 31, 2018 was as follows:
Carrying amounts of major classes of assets included as part of discontinued operations |  | As of December 31, 2018
Cash | $ | 10,000
Inventories |  | 7,183
Prepayments and other assets |  | 6,515
Total major classes of current assets of discontinued operations |  | 23,698
Vessels |  | 643,682
Deferred charges, net |  | 2,220
Above market acquired charters |  | 7,531
Prepayments and other assets |  | 1,035
Total major classes of non-current assets of discontinued operations |  | 654,468
Total major classes of assets of discontinued operations | $ | 678,166
Carrying amounts of major classes of liabilities included as part of discontinued operations |  |
Current portion of long-term debt, net | $ | 14,869
Deferred revenue |  | 1,611
Trade accounts payables and accrued liabilities |  | 5,055
Total major classes of current liabilities of discontinued operations |  | 21,535
Long-term debt, net |  | 134,744
Total major classes of long term liabilities of discontinued operations |  | 134,744
Total major classes of liabilities of the discontinued operations | $ | 156,279
During 2019 and 2018, the Partnership paid advances relating to the purchase 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 $1,110 and $1,035 respectively. 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 the M/T Anikitos were 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 were 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.

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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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