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Debt (Tables)

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Schedule Of Principal Balance Outstanding

The outstanding principal balance on each loan facility at the balance sheet date is as follows:

		As at
		Sept 30, 2015
Facility I (“First ABN AMRO Facility”)		5,000,000
Facility II (“Second ABN AMRO Facility”)		51,090,000
Facility III (“DVB Facility”)		82,121,000
Facility IV (“Joint Bank Facility”)		173,880,318
Facility V (“NIBC Bank Facility”)		12,080,000
Facility VI (“CACIB Bank Facility”)		37,375,000
Total debt		361,546,318
Current portion of long-term debt		(32,251,764)
Non-current portion of long-term debt		329,294,554

Schedule of minimum Repayments under Loan Facilities

Future minimum repayments under the Company’s loan facilities for each year indicated below are as follows:

		As at
		Sept 30, 2015
2015		6,844,190
2016		35,126,761
2017		48,626,761
2018		58,806,761
2019		34,206,761
2020		20,276,761
2021		146,933,323
2022		10,725,000
		361,546,318

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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