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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 67,464 $ 57,595
Trade receivables 155 100
Prepayments and other assets 1,103 788
Inventories 799 834
Due from related party 883 878
Total current assets 70,404 60,195
FIXED ASSETS, NET:    
Vessels, net 977,298 1,007,617
Total fixed assets, net 977,298 1,007,617
OTHER NON CURRENT ASSETS:    
Restricted cash 0 25,000
Due from related party 1,350 1,350
Above-market acquired time charter contract 5,267 12,514
Total assets 1,054,319 1,106,676
CURRENT LIABILITIES:    
Current portion of long-term debt, net of unamortized deferred financing fees of $2,145 and $812, respectively 2,655 31,688
Trade payables 4,497 3,058
Due to related party, current 72 302
Accrued liabilities 4,051 3,750
Unearned revenue 11,623 14,258
Total current liabilities 22,898 53,056
NON-CURRENT LIABILITIES:    
Deferred revenue 1,405 1,036
Long-term debt, net of current portion and unamortized deferred financing fees of $11,102 and $5,252, respectively 711,698 684,748
Total non-current liabilities 713,103 685,784
Commitments and contingencies
PARTNERS' EQUITY:    
Common unitholders (unlimited authorized; 35,490,000 units issued and outstanding as at December 31, 2017 and 20,505,000 units issued and outstanding as at December 31, 2016) 245,055 302,952
Preferred unitholders (3,450,000 authorized; 3,000,000 Series A Preferred Units issued and outstanding as at December 31, 2017 and 2016) 73,216 73,216
Subordinated unitholders (None issued and outstanding as at December 31, 2017 and 14,985,000 units issued and outstanding as at December 31, 2016) 0 (8,429)
General Partner (35,526 units issued and outstanding as at December 31, 2017 and 2016) 47 97
Total partners' equity 318,318 367,836
Total liabilities and partners' equity $ 1,054,319 $ 1,106,676