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DEBT - 2014 Term Loan (Details) - Secured Debt - 2014 Term Loan Facilities $ in Thousands |  | 3 Months Ended |  |
--- | --- | --- | --- | ---
Oct. 08, 2014 USD ($) installment | Mar. 31, 2017 USD ($) | Mar. 31, 2016 USD ($) | Dec. 31, 2016 USD ($) | Nov. 15, 2016
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 |  |  |
Repayment of secured debt |  | 681 | $ 681 |  |
Long-term debt |  | $ 26,150 |  | $ 26,784 |
LIBOR |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Reference rate | three or six-month LIBOR |  |  |  |
Applicable margin over reference rate (as a percent) | 2.50% |  |  |  |
Baltic Hornet |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Maximum borrowing capacity | $ 16,800 |  |  |  |
Period after latest vessel delivery date for first periodic repayment | 6 months |  |  |  |
Baltic Wasp |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Maximum borrowing capacity | $ 16,800 |  |  |  |
Period after latest vessel delivery date for first periodic repayment | 6 months |  |  |  |
From December 31, 2017 To June 29, 2018 |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Collateral security maintenance test (as a percent) |  |  |  |  | 100.00%
From June 30, 2018 to December 30, 2018 |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Collateral security maintenance test (as a percent) |  |  |  |  | 105.00%
From December 31, 2018 To December 30, 2019 |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Collateral security maintenance test (as a percent) |  |  |  |  | 115.00%
From December 31, 2019 To End Date of Facilities |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Collateral security maintenance test (as a percent) |  |  |  |  | 135.00%

X
- Definition Represents the aggregate fair value of the mortgaged vessels to be maintained as a percentage of aggregate outstanding principal amount as per the terms of the credit facilities' covenants. + References No definition available. + Details
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- Definition Represents the number of quarterly installments in which the line of each credit facility shall be repaid. + References No definition available. + Details
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- Definition Represents the period after latest vessel delivery date for first periodic repayment of the line of credit facility. + References No definition available. + Details
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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 maximum percentage of delivered cost per vessel allowed under the credit facility. + References No definition available. + Details
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- Definition Represents the maximum percentage of fair market value per vessel at delivery allowed under the credit facility. + References No definition available. + Details
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- Definition Represents the percentage of each facility amount due as balloon payment at final maturity. + 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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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: 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(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3291-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 + Details
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