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Note 10 - Customer Deposits
 12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Customer Deposits [Text Block]
10.
Customer Deposits
 
These amounts represent deposits received from charterers as guarantees and are comprised as follows:
 
(a) On
February 24, 2015
an amount of
$1,820,700
was received from the bareboat charterer of Aframax tanker “Stealth Berana” (ex. “Spike”) which is equal to
five
-months hire. This amount will be returned to the charterer after the expiration of the bareboat charter in
April 2018.
     
  (b) On
October 12, 2015
an amount of
$736,000
was received from the bareboat charterer of Product carrier “Stealth Falcon” (ex.
“Navig8
Faith”) which is equal to
three
-months hire. This amount will be returned to the charterer at the end of the
three
-year bareboat charter in
February 2019.