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Customer Deposits | 12 Months Ended
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Dec. 31, 2019
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Customer Deposits | 10. Customer Deposits These amounts represent deposits received from charterers as guarantees and are comprised as follows:
| (a) | 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. On May 30, 2019 the amount of $368,000 was paid to the bareboat charterers. The remaining amount of $368,000 was kept as guarantee for a second vessel chartered to the same charterer.
| (b) | On February 21, 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. An amount of $1,220,700 was returned to the charterer at the end of the bareboat charter on March 7, 2018. The remaining amount of $600,000 was kept as guarantee for the new bareboat charter commenced on March 7, 2018.

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- Definition The entire disclosure for customer deposits. + References No definition available. + Details
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