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Unearned Revenue/ Accrued Revenue | 12 Months Ended
--- | ---
Dec. 31, 2016
Notes To Consolidated Financial Statements |
Unearned Revenue/Accrued Revenue | 18. Une arned Revenue /Accrued Revenue Unearned Revenue represents cash received in advance of it being earned, whereas Accrued Revenue represents revenue earned prior to cash being received. Revenue is recognized as earned on a straight-line basis at their average rates whe n charter agreements provide for varying annual charter rates over their term. Total Unearned Revenue /Accrued Revenue during the periods presented is as follows:
|  |  | December 31,
|  |  | 2015 |  | 2016
| Unearned Revenue |  |  |  |  |  |
| Cash received in advance of service provided – Current liability |  | $ | 1,956 |  | $ | 2,029
| Deferred revenue resulting from varying charter rates |  |  |  |  |  |
| Current liability |  |  | - |  |  | 11
| Total Unearned Revenue |  | $ | 1,956 |  | $ | 2,040
| Accrued Revenue |  |  |  |  |  |
| Resulting from revenue earned prior to cash being received – Current asset |  | $ | 87 |  | $ | 166
| Resulting from varying charter rates –Non Current asset |  |  | 918 |  |  | 929
| Total Accrued Revenue |  | $ | 1,005 |  | $ | 1,095

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- Definition The entire disclosure for uneard revenue and accrued revenue recognized by the company during the period. + References No definition available. + Details
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