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GAIN ON SALE OF ASSETS AND TERMINATION OF CHARTERS | 6 Months Ended
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Jun. 30, 2014
Gain (Loss) on Disposition of Assets [Abstract] |
GAIN ON SALE OF ASSETS | GAIN ON SALE OF ASSETS AND TERMINATION OF CHARTERS In March 2014, the Company agreed to a settlement of a claim relating to four Handysize dry bulk carriers which were redelivered in 2012, before the expiry of their charters. The total settlement amount is approximately $30 million, of which approximately $20 million was received in the period and the remaining balance is scheduled to be paid in two installments during 2014. The Company recorded gains of $15.2 million relating to amounts received in the six months ended June 30, 2014.

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- Definition The entire disclosure of the gains and losses related to sales of vessels during the period, including imputed sales price, book value, gain/(loss) and other details specific to each sale. + References No definition available. + Details
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- Details
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