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Note 14 - Voyage, Vessel Operating Expenses and Commissions

12 Months Ended

Dec. 31, 2012

Vessel Voyage And Operating Expenses [Text Block]

14.           Voyage, Vessel Operating Expenses and Commissions

These consisted of:

		Year ended December 31,
		2010				2011				2012
Voyage expense
Port charges and canal dues			578,520				304,951				442,783
Laid-up vessel re-activation costs			565,653				-				-
Bunkers			452,396				472,951				886,885
Total			1,596,569				777,902				1,329,668
Vessel operating expenses
Crew wages and related costs			12,144,125				14,137,227				13,864,535
Insurance			2,521,256				2,691,918				2,435,144
Repairs and maintenance			524,026				601,254				511,569
Lubricants			2,187,351				2,712,901				2,846,087
Spares and consumable stores			3,252,381				4,590,835				4,083,590
Professional and legal fees			113,202				111,043				137,047
Other			764,851				1,404,161				1,197,167
Total			21,507,192				26,249,339				25,075,139

Commission consisted of commissions charged by:

		Year ended December 31,
		2010				2011				2012
Third parties			1,331,475				2,206,663				2,032,599
Related parties (see Note 8)			612,998				766,304				641,104
			1,944,473				2,972,967				2,673,703

X

- Definition

This element repsresents the disclosure for Voyage expenses (Port charges, bunkers, commissions charged by third parties, commissions charged by related parties) and Vessel Operating expenses (crew wages and related costs, insurances, repairs, spares and maintenance, consumable stores, tonnage taxes, miscellaneous).

+ References

No definition available.

+ Details

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