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Future Minimum Time Charter Revenue | 12 Months Ended
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Dec. 31, 2016
Notes To Consolidated Financial Statements |
Future Minimum Time Charters | 16. Future Minimum Time Charter Revenue The future minimum time charter revenue, net of commissions, based on vessels committed to non-cancelable time charter contracts (including fixture recaps) as of December 31, 2016, is as follows:
|  | December 31, |  |  |  |  |  |
|  | 2017 |  | $ | 56,590 |  |
|  | 2018 |  |  | 34,220 |  |
|  | 2019 |  |  | 30,866 |  |
|  | 2020 |  |  | 30,776 |  |
|  | 2021 |  |  | 30,555 |  |
|  | Thereafter |  |  | 102,598 |  |
|  | Total |  | $ | 285,605 |  |
Future minimum time charter revenue excludes the future acquisitions of the vessels discussed in Note 9, since estimated delivery dates are not confirmed. Revenues from time charters are not generally received when a vessel is off-hire, including time required for normal periodic maintenance. In arriving at the minimum future charter revenues, an estimated off-hire time of 12 days to perform any scheduled drydocking on each vessel has been deducted, and it has been assumed that no additional off-hire time is incurred, although such estimate may not be reflective of the actual off-hire in the future.

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