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Advances for Vessel Acquisitions and Vessels under Construction (Tables)

12 Months Ended

Dec. 31, 2016

Advances For Assets Acquisition And Assets Under Construction

Advances for Vessel Acquisition and Vessls under Construction

Advances for vessel acquisition and vessels under construction are comprised of the following:
Balance, January 1, 2015		$	74,243
Advances paid, including capitalized expenses and interest			123,560
Impairment loss			(9,927)
Transferred to vessel cost			(119,520)
Balance, December 31, 2015		$	68,356
Advances paid, including capitalized expenses and interest			61,857
Impairment loss			(17,163)
Transferred to vessel cost			(100,043)
Balance, December 31, 2016		$	13,007

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Tabular disclosure of the gross amounts of long-lived assets under construction that includes construction costs, advances paid for vessels acquisition and vessels under construction, including capitalized expenses and interest, that have not been completed and delivered and not ready to be placed into service and transfers to vessels cost of vessels acquisitions and vessels under construction that have been completed and delivered and placed into service during the reporting period.

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