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DEBT-2014 Term Loan (Details) $ in Thousands |  |  |  |  | 3 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | ---
Apr. 29, 2016 USD ($) | Dec. 30, 2014 USD ($) | Oct. 24, 2014 USD ($) | Oct. 08, 2014 USD ($) installment | Mar. 31, 2016 USD ($) | Mar. 30, 2016 | Dec. 31, 2015 USD ($)
Line of Credit Facility |  |  |  |  |  |  |
Debt classified as current liability |  |  |  |  | $ 561,097 |  | $ 579,023
Secured Debt | 2014 Term Loan Facilities |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Term of facilities |  |  |  | 10 years |  |  |
Maximum facility amount of delivered cost per vessel (as a percent) |  |  |  | 60.00% |  |  |
Maximum facility amount of delivered cost per vessel |  |  |  | $ 16,800 |  |  |
Maximum facility amount of fair market value per vessel at delivery (as a percent) |  |  |  | 60.00% |  |  |
Percentage of outstanding principal plus interest insured |  |  |  | 95.00% |  |  |
Number of semi-annual installments in which the credit facility is to be repaid | installment |  |  |  | 20 |  |  |
Amount due per installment (as a percent) |  |  |  | 4.16% |  |  |
Balloon payment of facility amount due at maturity (as a percent) |  |  |  | 16.67% |  |  |
Remaining borrowing capacity |  |  |  |  | 0 |  |
Long-term debt |  |  |  |  | 28,720 |  | $ 29,354
Debt classified as current liability |  |  |  |  | $ 28,720 |  |
Amount of periodic payment | $ 700 |  |  |  |  |  |
Collateral security maintenance test (as a percent) |  |  |  |  | 135.00% | 130.00% |
Maintained Aggregate fair market value of the mortgaged vessels as a percentage of aggregate outstanding principal amount (as a percent) | 135.60% |  |  |  | 132.50% |  |
Secured Debt | 2014 Term Loan Facilities | LIBOR |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Reference rate for interest payable |  |  |  | three or six-month LIBOR |  |  |
Applicable margin over reference rate (as a percent) |  |  |  | 2.50% |  |  |
Secured Debt | 2014 Term Loan Facilities | Baltic Hornet |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  | $ 16,800 |  |  |
Period after latest vessel delivery date for first periodic repayment |  |  |  | 6 months |  |  |
Drawdowns during the period |  |  | $ 16,800 |  |  |  |
Secured Debt | 2014 Term Loan Facilities | Baltic Wasp |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  | $ 16,800 |  |  |
Period after latest vessel delivery date for first periodic repayment |  |  |  | 6 months |  |  |
Drawdowns during the period |  | $ 16,350 |  |  |  |  |

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