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OTHER ASSETS, NET (Tables)
9 Months Ended
Sep. 30, 2013
OTHER ASSETS, NET [Abstract]  
Total Net Deferred Financing Costs
Other assets consist of deferred financing costs, which include fees, commissions and legal expenses associated with securing loan facilities and other debt offerings and amending existing loan facilities. Total net deferred financing costs consist of the following as of September 30, 2013 and December 31, 2012:

 
 
September 30,
2013
  
December 31,
2012
 
 
 
  
 
2007 Credit Facility
 
$
29,568
  
$
29,568
 
$100 Million Term Loan Facility
  
1,783
   
1,783
 
$253 Million Term Loan Facility
  
4,708
   
4,708
 
2010 Notes
  
3,637
   
3,637
 
2010 Baltic Trading Credit Facility
  
3,339
   
3,027
 
2013 Baltic Trading Credit Facility
  
507
   
 
Total deferred financing costs
  
43,542
   
42,723
 
Less: accumulated amortization
  
20,025
   
13,162
 
Total
 
$
23,517
  
$
29,561