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Future Minimum Time Charter Revenue
 12 Months Ended
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.