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Advances for Vessels (Tables)

12 Months Ended

Dec. 31, 2019

Advances For Assets Acquisition And Assets Under Construction

Advances for Vessel Acquisition and Vessels under Construction

Advances for vessels are comprised of the following:

Balance, January 1, 2018	$	3,653
Additions for advances, including capitalized expenses and interest	65,425
Transferred to vessel cost (refer to Note 4)	(60,482		)
Balance, December 31, 2018	8,596
Additions for advances, including capitalized expenses and interest	50,423
Transferred to vessel cost (refer to Note 4)	(39,725		)
Balance, December 31, 2019	$	19,294

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- Definition

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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