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Fair Value of Financial Instruments and Derivatives Instruments (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Financial Instruments And Derivative Insturments  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
Derivatives not designated as hedging instruments
 
 
 
 
 
Asset Derivatives
Fair Values
 
Liability Derivatives
Fair Values
Type of
Contract
 
Balance sheet location
 
December 31, 2018
 
December 31, 2019
 
December 31, 2018
 
December 31, 2019
Bunker Fuel
 
Derivative liabilities / Current liabilities
 
$


$


$


$
121

 
 
 
 
 
 
 
 
 
 
 
 
 
Total Derivatives
 
$

 
$

 
$

 
$
121


Derivative Instruments, Gain (Loss)
 
Amount of Gain/(Loss) Recognized on Derivatives
Year ended December 31,
 
 
2017
 
2018
 
2019
Interest Rate Contracts
 
$
72

 
$
18

 
$

Bunker Fuel Contracts
 
$

 
$

 
$
(121
)
Net Gain/(Loss) Recognized
 
$
72

 
$
18

 
$
(121
)

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis The following table summarizes the valuation of the Company’s financial instruments as of December 31, 2018 and 2019.
 
 
 
Significant Other Observable Inputs
(Level 2)
 
 
December 31,
 
 
2018
 
2019
Derivative instruments – asset position
 
$

 
$

Derivative instruments – liability position
 

 
121


Assets Measured at Fair Value on Non-Recurring Basis
The following tables summarize the valuation of assets measured at fair value on a non-recurring basis during the year ended December 31, 2017.


Significant Other Observable Inputs (Level 2)

Loss


December 31, 2017

December 31, 2017
M/V Panayiota K

$
21,600


$
29,892

M/V Efrossini

21,375


12,959

M/V Venus History

23,750


19,705

M/V Andreas K

20,450


28,737

Total

$
87,175


$
91,293