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DEBT - $148M Revolving Credit (Details) $ in Thousands |  |  |  |  |  | 1 Months Ended | 9 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Oct. 07, 2015 USD ($) | Aug. 03, 2015 USD ($) | Feb. 27, 2015 USD ($) | Jan. 07, 2015 USD ($) | Dec. 31, 2014 USD ($) item | Dec. 31, 2015 USD ($) item | Aug. 31, 2015 item | Sep. 30, 2015 USD ($) | Sep. 30, 2016 USD ($) | Jul. 14, 2015 USD ($)
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Debt classified as current liability |  |  |  |  |  | $ 579,023 |  |  | $ 540,455 |
Secured Debt | Baltic Trading $33 Million Term Loan Facility |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  | $ 33,000 |  |  |  |  |
Number of single term loans | item |  |  |  |  | 2 |  |  |  |  |
Number of vessels purchased by using term loan finance | item |  |  |  |  | 2 |  |  |  |  |
Period after latest vessel delivery date for first periodic repayment |  |  |  |  | 3 months |  |  |  |  |
Amount aggregate outstanding term loan due per installment (as a percent) |  |  |  |  | 1.667% |  |  |  |  |
Number of vessels mortgaged | item |  |  |  |  | 2 |  |  |  |  |
Long-term debt |  |  |  |  |  | 32,086 |  |  | 30,556 |
Secured Debt | Baltic Trading $33 Million Term Loan Facility | Baltic Scorpion |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Maximum facility amount of delivered cost per vessel expected to be refinanced |  |  |  |  | $ 16,500 |  |  |  |  |
Drawdowns during the period |  | $ 16,500 |  |  |  |  |  |  |  |
Collateral security maintenance test (as a percent) |  | 140.00% |  |  |  |  |  |  |  |
Secured Debt | Baltic Trading $33 Million Term Loan Facility | Baltic Mantis |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Maximum facility amount of delivered cost per vessel expected to be refinanced |  |  |  |  | 16,500 |  |  |  |  |
Drawdowns during the period | $ 16,500 |  |  |  |  |  |  |  |  |
Line of Credit Facility | $148 Million Credit Facility |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  | $ 148,000 | $ 148,000 |  | $ 148,000 | 148,000 | $ 148,000
Commitment fee on unused daily average unutilized commitment (as a percent) |  |  |  |  | 1.20% |  |  |  |  |
Number of vessels mortgaged | item |  |  |  |  | 9 |  |  |  |  |
Minimum period for future time charter contracts to be secured under lien |  |  |  |  | 36 months |  |  |  |  |
Remaining borrowing capacity |  |  |  |  |  |  |  |  | 0 |
Debt classified as current liability |  |  |  |  |  |  |  |  | 130,875 |
Drawdowns during the period |  |  |  |  |  |  |  | $ 131,500 |  |
Number of unencumbered vessels adding as additional collateral to cover the shortfall of fair value | item |  |  |  |  |  | 2 | 2 |  |  |
Line of Credit Facility | $148 Million Credit Facility | LIBOR |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Reference rate for interest payable |  |  |  |  | LIBOR |  |  |  |  |
Applicable margin over reference rate (as a percent) |  |  |  |  | 3.00% |  |  |  |  |
Revolving Credit Facility | Baltic Trading $115 Million Revolving Credit Facility |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  | $ 115,000 |  |  |  |  |
Amount of consecutive quarterly reductions in maximum borrowing capacity |  |  |  |  | $ 2,447 |  |  |  |  |
Long-term debt |  |  |  |  |  | $ 107,658 |  |  | $ 100,319 |
Drawdowns during the period |  |  | $ 10,500 | $ 104,500 |  |  |  |  |  |
Up to December 31, 2015 | Line of Credit Facility | $148 Million Credit Facility |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Collateral security maintenance test (as a percent) |  |  |  |  |  |  |  |  |  | 130.00%
After December 31, 2015 | Line of Credit Facility | $148 Million Credit Facility |  |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |  |
Collateral security maintenance test (as a percent) |  |  |  |  |  |  |  |  |  | 140.00%

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