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DEBT - 2014 Term Loan (Details) $ in Thousands |  |  |  | 12 Months Ended |
--- | --- | --- | --- | --- | ---
Dec. 30, 2014 USD ($) | Oct. 24, 2014 USD ($) | Oct. 08, 2014 USD ($) installment | Dec. 31, 2017 USD ($) | Dec. 31, 2016 USD ($) | Dec. 31, 2015 USD ($) | Nov. 15, 2016
Repayment of the outstanding debt |  |  |  |  |  |  |
Total debt |  |  |  | $ 519,083 | $ 523,577 |  |
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% |  |  |  |
Minimum cash required to be maintained by each collateralized vessel |  |  |  | 750 |  |  |
Remaining borrowing capacity |  |  |  | 0 |  |  |
Repayments of Secured Debt |  |  |  | 2,763 | 2,763 | $ 2,081 |
Long-term debt |  |  |  | 24,214 | $ 26,784 |  |
Repayment of the outstanding debt |  |  |  |  |  |  |
2018 |  |  |  | 2,763 |  |  |
2019 |  |  |  | 2,763 |  |  |
2020 |  |  |  | 2,763 |  |  |
2021 |  |  |  | 2,763 |  |  |
2022 |  |  |  | 2,763 |  |  |
Thereafter |  |  |  | 11,729 |  |  |
Total debt |  |  |  | $ 25,544 |  |  |
Secured Debt | 2014 Term Loan Facilities | LIBOR |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Reference rate |  |  | 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 |  |  |  |  |  |
From December 31, 2017 To June 29, 2018 | Secured Debt | 2014 Term Loan Facilities |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Collateral security maintenance test (as a percent) |  |  |  |  |  |  | 100.00%
From June 30, 2018 to December 30, 2018 | Secured Debt | 2014 Term Loan Facilities |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Collateral security maintenance test (as a percent) |  |  |  |  |  |  | 105.00%
From December 31, 2018 To December 30, 2019 | Secured Debt | 2014 Term Loan Facilities |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Collateral security maintenance test (as a percent) |  |  |  |  |  |  | 115.00%
From December 31, 2019 To End Date of Facilities | Secured Debt | 2014 Term Loan Facilities |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Collateral security maintenance test (as a percent) |  |  |  |  |  |  | 135.00%

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