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Commitments and Contingencies
 6 Months Ended
Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

12. Commitments and Contingencies

Various claims, suits and complaints, including those involving government regulations and product liability, arise in the ordinary course of the shipping business. In addition, losses may arise from disputes with charterers, agents, insurance and other claims with suppliers relating to the operations of the Partnership’s vessels. The Partnership is not aware of any such claims or contingent liabilities, which should be disclosed, or for which a provision should be established in the accompanying unaudited condensed consolidated financial statements.

The Partnership accrues for the cost of environmental liabilities when management becomes aware that a liability is probable and is able to reasonably estimate the probable exposure.

 

Details of the Partnership’s Commitments and Contingencies are also discussed in Note 16 of the Partnership’s Consolidated Financial Statements for the year ended December 31, 2020.

 

Commitments

 

Lease Commitments: Future minimum rental receipts based on non-cancellable long-term time charters, as of June 30, 2021 are:

 

For the twelve-month period ended June 30,

   Amount
2022   $ 133,912
2023     121,601
2024     114,363
2025     82,283
2026     23,907
Total   $ 476,066