LEASES	9 Months Ended
Sep. 30, 2020
LEASES
LEASES	11 - LEASES On June 14, 2019, the Company entered into a sublease agreement for a portion of the leased space for its main office in New York, New York that commenced on July 26, 2019 and will end on September 29, 2025. There was $306 and $918 of sublease income recorded during the three and nine months ended September 30, 2020, respectively. There was no sublease income recorded during the three and nine months ended September 30, 2019 as a result of the free rental period. Sublease income is recorded net with the total operating lease costs in General and administrative expenses in the Condensed Consolidated Statements of Operation. The Company charters in third-party vessels and the Company is the lessee in these agreements under ASC 842. The Company has elected the practical expedient under ASC 842 to not recognize right-of-use assets and lease liabilities for short-term leases. During the three and nine months ended September 30, 2020 and 2019, all charter-in agreements for third-party vessels were less than twelve months and considered short-term leases.

LEASES

9 Months Ended

Sep. 30, 2020

11 - LEASES

On June 14, 2019, the Company entered into a sublease agreement for a portion of the leased space for its main office in New York, New York that commenced on July 26, 2019 and will end on September 29, 2025. There was $306 and $918 of sublease income recorded during the three and nine months ended September 30, 2020, respectively. There was no sublease income recorded during the three and nine months ended September 30, 2019 as a result of the free rental period. Sublease income is recorded net with the total operating lease costs in General and administrative expenses in the Condensed Consolidated Statements of Operation.

The Company charters in third-party vessels and the Company is the lessee in these agreements under ASC 842. The Company has elected the practical expedient under ASC 842 to not recognize right-of-use assets and lease liabilities for short-term leases. During the three and nine months ended September 30, 2020 and 2019, all charter-in agreements for third-party vessels were less than twelve months and considered short-term leases.