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Finance leases (Tables)

3 Months Ended

Mar. 31, 2019

Finance Leases [Abstract]

Schedule Of Principal Balance Outstanding

		As at
		Mar 31, 2019				Dec 31, 2018
River Hudson LLC			-				10,380,600
Japanese Leases No.1 and 2			35,056,400				36,253,400
Japanese Lease No.3			17,285,500				17,870,500
CMBFL Leases No.1 to 4			85,582,288				87,496,402
Ocean Yield ASA			65,229,240				66,563,040
Japanese Lease No.4			25,540,478				26,061,943
China Huarong Leases			50,339,676				51,555,997
Total minimum finance lease payments			279,033,582				296,181,882
Amounts representing interest and deferred finance fees			(50,163,519	)			(54,705,784	)
Net minimum finance lease payments			228,870,063				241,476,098
Amount receivable in respect of finance leases			(2,880,000	)			(2,880,000	)
Adjusted net minimum finance lease payments			225,990,063				238,596,098
Current portion of finance lease obligations			18,334,052				26,589,017
Current portion of deferred finance fees			(704,653	)			(739,817	)
Non-current portion of finance lease obligations			214,374,423				218,985,447
Non-current portion of deferred finance fees			(3,133,759	)			(3,358,549	)
Total finance lease obligations			228,870,063				241,476,098
Amount receivable in respect of finance leases			(2,880,000	)			(2,880,000	)
Net finance lease obligations			225,990,063				238,596,098

Schedule Of Future Minimum Lease Payments for Capital Leases

The future minimum lease payments required under the finance leases as at March 31, 2019, were as follows:

		As at
		Mar 31, 2019
2019			20,384,641
2020			26,868,097
2021			26,523,339
2022			26,470,805
2023			38,028,900
2024 - 2030			140,757,800
Total minimum lease payments			279,033,582
Less amounts representing interest and deferred finance fees			(50,163,519	)
Net minimum lease payments			228,870,063
Amount receivable in respect of finance leases			(2,880,000	)
Adjusted net minimum lease payments			225,990,063

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- References

No definition available.

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- Definition

Tabular disclosure of the components of the investment in leveraged leases.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=84165051&loc=d3e45424-112738

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=82918944&loc=SL77920254-209983

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- Definition

Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737

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