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Vessels, net (Tables) | 12 Months Ended
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Dec. 31, 2020
Vessels Net |
Vessels, net (Table) | Vessels, net (Table)
| Vessel Cost | Accumulated depreciation | Net book value
Balance as at January 1, 2019 | $ 728,923 | $(142,823) | $ 586,100
Improvements | 19,896 | — | 19,896
Depreciation for the year | — | (29,105) | (29,105)
Balance as at December 31, 2019 | $ 748,819 | $(171,928) | $ 576,891
Vessel acquisitions | 162,600 | — | 162,600
Improvements | 11,601 | — | 11,601
Depreciation for the year | — | (38,895) | (38,895)
Balance as at December 31, 2020 | $ 923,020 | (210,823) | 712,197

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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