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Above market acquired charters | 12 Months Ended
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Dec. 31, 2020
Above Market Acquired Charters |
Above market acquired charters | 7. Above market acquired charters For the years ended December 31, 2020, 2019 and 2018 revenues were reduced by $11,696, $14,380 and $14,380 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 (Table)
Above market acquired charters | Book Value
Carrying amount as at January 1, 2019 | $ 60,655
Amortization | $(14,380)
Carrying amount as at December 31, 2019 | $ 46,275
Amortization | (11,696)
Carrying amount as at December 31, 2020 | $ 34,579
As of December 31, 2020, the remaining carrying amount of unamortized above market acquired time charters was $34,579 and will be amortized in future years as follows: Above market acquired charters - Future amortization expense (Table)
For the year ending December 31, | Amount
2021 | 8,417
2022 | 8,371
2023 | 8,371
2024 | 8,326
2025 | 1,094
Total | $ 34,579

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