XML 136 R12.htm IDEA: XBRL DOCUMENT

Deferred charges, net

12 Months Ended

Dec. 31, 2018

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

5. Deferred charges, net

Deferred charges, net as of December 31, 2018 and 2017 consisted of the following:

	Dry - docking Costs
	Dry - docking Costs
As of January 1, 2017	$	11,782
Additions		3,949
Amortization		(4,472)
As of December 31, 2017	$	11,259
Additions		2,635
Amortization		(4,200)
Write - off		(125)
As of December 31, 2018	$	9,569

The Company follows the deferral method of accounting for dry-docking costs in accordance with accounting for planned major maintenance activities, whereby actual costs incurred are deferred and amortized on a straight-line basis over the period until the next scheduled dry-docking, which is generally five years. Any remaining unamortized balance from the previous dry-docking are written-off.