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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2023
Derivative Instruments  
Derivative Instruments - Schedule of Derivative instruments (Assets/ Liabilities) at fair value (Table)

a) Derivative Asset:

 

As of December 31, 2023:

 

Effective Date Termination Date Notional Amount in thousands of EUROS Notional Amount in United States Dollars Fixed Rate the Partnership receives in EURO Fixed Rate the Partnership pays in United States Dollars   Fair Value December 31, 2023, in United States Dollars
26/07/2022 26/07/2029 100,000 101,800 4.40% 6.55%   6,636
        Total Fair Value $ 6,636

 

 

b) Derivative Liabilities:

 

As of December 31, 2023:

 

Effective Date Termination Date Notional Amount in thousands of EUROS Notional Amount in United States Dollars Fixed Rate the Partnership receives in EURO Fixed Rate the Partnership pays in United States Dollars   Fair Value December 31, 2023, in United States Dollars
21/10/2021 21/10/2025 120,000 139,716 2.65% 3.66% $ 5,758
21/10/2021 21/10/2025 30,000 34,929 2.65% 3.69%   1,422
        Total Fair Value $ 7,180

 

 

As of December 31, 2022:

 

Effective Date Termination Date Notional Amount in thousands of EUROS Notional Amount in United States Dollars Fixed Rate the Partnership receives in EURO Fixed Rate the Partnership pays in United States Dollars   Fair Value December 31, 2022, in United States Dollars
26/07/2022  26/07/2029 100,000 101,800 4.40% 6.55% 816
21/10/2021 21/10/2025 120,000 139,716 2.65% 3.66% $ 10,068
21/10/2021 21/10/2025 30,000 34,929 2.65% 3.69%   2,641
        Total Fair Value $ 13,525
Derivative Instruments - Summary of Gain (Loss) on Change in Fair Value of Derivatives - Derivative Designated as Accounting Hedge (Table)

-        Derivative designated as accounting hedge

  For the years ended December 31,
 Amount of gain / (loss) recognized in other comprehensive income   2023   2022   2021
Cross-currency swap agreement related to 2022 Bonds $ 5,286 $  (1,757) $ –
Reclassification to other income / (expense), net   (2,106)    (3,009)   –
Total gain/ (loss) recognized in accumulated other comprehensive income $ 3,180 $  (4,766) $ –

 
Derivative Instruments - Summary of Gain (Loss) on Change in Fair Value of Derivatives - Derivatives not Designated as Accounting Hedge

 

-        Derivatives not designated as accounting hedges:

  For the years ended December 31,
 Amount of gain /(loss) recognized in other income / (expense), net   2023   2022    2021
Change in fair value of derivatives related to 2021 Bonds $ 5,529 $ (9,542)  $ (3,167)
Realized interest expense of derivatives related to 2021 Bonds   (2,111)   (2,258)    (374)
Total gain/ (loss) recognized in other income / (expense), net $ 3,418 $ (11,800)  $ (3,541)