XML 39 R51.htm IDEA: XBRL DOCUMENT v3.19.2
INVESTMENTS IN DIRECT FINANCING AND SALES-TYPE LEASES (Components of the Investments in Direct Financing and Sales-Type Leases) (Details)
$ in Thousands
1 Months Ended 6 Months Ended 12 Months Ended
Oct. 31, 2015
Jun. 30, 2019
USD ($)
containership
vessel
Dec. 31, 2018
USD ($)
vessel
Sep. 30, 2018
containership
May 31, 2018
containership
Apr. 05, 2018
containership
Number of VLCCs | vessel   3 3      
Assets accounted for as direct financing and sales type leases | vessel   26 24      
Number of container vessels | containership   7   3 4 15
Term of lease or charter 15 years 7 years 15 years      
Term of time charter, minimum period   6 years        
Term of time charter, maximum period   8 years        
Total minimum lease payments to be received   $ 1,142,619 $ 1,173,152      
Less: amounts representing estimated executory costs including profit thereon, included in total minimum lease payments   (69,190) (74,077)      
Net minimum lease payments receivable   1,073,429 1,099,075      
Estimated residual values of leased property (un-guaranteed)   192,080 180,080      
Less: unearned income   (455,658) (476,996)      
Total investment in direct financing and sales-type leases   809,851 802,159      
Current portion   43,807 39,804      
Long-term portion   $ 766,044 $ 762,355      
MSC [Member]            
Assets accounted for as direct financing leases | vessel   4        
Assets accounted for as sales-type lease | vessel   1        
Term of lease or charter   5 years        
Frontline Shipping [Member] | Solship [Member]            
Assets accounted for as direct financing and sales type leases | vessel   4