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DEBT - 2014 Term Loan (Details) $ in Thousands | Dec. 30, 2014 USD ($) | Oct. 24, 2014 USD ($) | Oct. 08, 2014 USD ($) installment | Sep. 30, 2016 USD ($) | Dec. 31, 2015 USD ($)
--- | --- | --- | --- | --- | ---
Line of Credit Facility |  |  |  |  |
Debt classified as current liability |  |  |  | $ 540,455 | $ 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 |  |  |  | 27,435 | $ 29,354
Debt classified as current liability |  |  |  | $ 27,435 |
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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- Definition Represents the maximum delivered cost per vessel allowed under the credit facility. + References No definition available. + Details
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- Definition Represents the percentage of outstanding principal plus interest insured by China Export & Credit Insurance Corporation (Sinosure) to cover political and commercial risks. + References No definition available. + Details
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
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- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. + References No definition available. + Details
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- Definition Period remaining on line of credit facility before it terminates, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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