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Customer Deposits
 12 Months Ended
Dec. 31, 2019
Text Block [Abstract]  
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.