Unearned Revenue / Accrued Revenue

12 Months Ended

Dec. 31, 2018

Deferred Received In Advance And Unearned Revenue

Unearned 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 when 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,
	2017		2018
Unearned Revenue
Cash received in advance of service provided – Current liability	$	3,540	$	4,925
Deferred revenue resulting from varying charter rates – Current liability	—		484
Deferred revenue resulting from varying charter rates – Non-Current liability	—		253
Total Unearned Revenue	3,540		5,662
Accrued Revenue
Resulting from revenue earned prior to cash being received – Current asset	2,029		475
Resulting from varying charter rates – Non-Current asset	831		614
Total Accrued Revenue	2,860		1,089