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Note 15 - Voyage, Vessel Operating Expenses and Commissions

12 Months Ended

Dec. 31, 2013

Vessel Voyage And Operating Expenses [Abstract]

Vessel Voyage And Operating Expenses [Text Block]

15.	Voyage, Vessel Operating Expenses and Commissions

These consisted of:

		Year ended December 31,
		2011				2012				2013
Voyage expenses
Port charges and canal dues			304,951				442,783				364,091
Bunkers			472,951				886,885				1,173,807
Total			777,902				1,329,668				1,537,898

Vessel operating expenses
Crew wages and related costs			14,137,227				13,864,535				13,921,033
Insurance			2,691,918				2,435,144				2,222,912
Repairs and maintenance			601,254				511,569				478,197
Lubricants			2,712,901				2,846,087				2,836,561
Spares and consumable stores			4,590,835				4,083,590				4,204,965
Professional and legal fees			111,043				137,047				158,978
Other			1,404,161				1,197,167				1,368,604
Total			26,249,339				25,075,139				25,191,250

Commission consisted of commissions charged by:

		Year ended December 31,
		2011				2012				2013
Third parties			2,206,663				2,032,599				1,461,915
Related parties (see Note 9)			766,304				641,104				474,466
			2,972,967				2,673,703				1,936,381