XML 28 R21.htm IDEA: XBRL DOCUMENT
v3.24.3

Commitments and Contingencies | 6 Months Ended
--- | ---
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | 13. Commitments and Contingencies 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 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. Currently, 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. Commitments (a) Lease Commitments: Future minimum charter hire receipts, excluding any profit share revenue that may arise, based on non-cancellable time charter contracts, as of June 30, 2024 were: Commitments and Contingencies - Future minimum charter hire receipts (Table)
Year ending June 30, |  | Amount
2025 | $ | 447,811
2026 |  | 389,820
2027 |  | 305,380
2028 |  | 299,529
2029 |  | 273,642
Thereafter |  | 786,617
Total | $ | 2,502,799
(b) Commitments for the acquisition of vessel owning companies from a related party and vessels under construction: As of June 30, 2024, the Partnership had outstanding commitments relating to acquisitions of vessel owning companies from a related party and vessels under construction amounting to $486,000 and $1,490,121, respectively which will be financed through the issuance of debt and cash at hand (Notes 4, 5). 13. Commitments and Contingencies - Continued Commitments - Continued (b) Commitments for the acquisition of vessel owning companies from a related party and vessels under construction - Continued The following table contains details of the commitments for the acquisition of vessel owning companies from a related party and for vessels under construction: Commitments and Contingencies - Commitments for the acquisition of vessel owning companies from a related party and vessels under construction (Table)
Year ending June 30, |  | Acquisition of vessel owning companies from CMTC |  | Vessels under construction |  | Total
2025 | $ | — | $ | 171,395 | $ | 171,395
2026 |  | 486,000 |  | 369,157 |  | 855,157
2027 |  | — |  | 913,641 |  | 913,641
2028 |  | — |  | 35,928 |  | 35,928
Total | $ | 486,000 | $ | 1,490,121 | $ | 1,976,121
(c) Supervision Services Commitments: As of June 30, 2024, the Partnership had outstanding commitments relating to supervision services agreements for vessels under construction, amounting to $6,400 (Notes 4, 5b). The following table contains details of supervision services commitments: Commitments and Contingencies - Supervision services commitments (Table)
Year ending June 30, |  | Amount
2025 | $ | 1,467
2026 |  | 2,083
2027 |  | 2,717
2028 |  | 133
Total | $ | 6,400

X
- References No definition available. + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for commitments and contingencies. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 405 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/405-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 440 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482648/440-10-50-4 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 450 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/450/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 954 -SubTopic 440 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478522/954-440-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 440 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482648/440-10-50-4 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 440 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/440/tableOfContent + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration