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Note 11 - Voyage and Vessel Operating Expenses

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Voyage and Vessel Operating Expenses [Text Block]

11. Voyage and Vessel Operating Expenses:

The amounts in the accompanying consolidated statements of comprehensive loss are as follows:

Voyage Expenses		Year Ended December 31,
		2018				2019				2020
Port charges / other voyage expenses			1				678				1
Bunkers			18				830				659
Commissions (including $511, $829 and $761 respectively, to related party)			1,001				1,530				1,334
Total			1,020				3,038				1,994

Vessel Operating Expenses		Year Ended December 31,
		2018				2019				2020
Crew wages and related costs			10,185				15,771				14,532
Insurance			761				1,180				1,194
Repairs and maintenance (including $187, $247 and $60 respectively, to related party)			1,120				1,528				1,259
Spares and consumable stores			2,645				4,148				3,861
Registration and tonnage taxes (Note 13)			115				159				178
Total			14,826				22,786				21,024

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- Definition

The entire disclosure representing voyage expenses that include commission costs (brokerage, address commission etc), port due costs, bunker expenses and other voyage expenses.Operating expenses denote the aggregate costs of keeping the property in good condition but that does not appreciably prolong the life or increase the value of the property, expenditures for salaries other than officers and all vessel related insurance expense.

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