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Long-Term Debt, net (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of detailed information about borrowings [abstract]  
Long-Term Debt, net - Consolidated statement of financial position

 

 

Borrower

Loan Balance

Unamortized Debt Discount

Total Borrowings

(a)

Devocean Maritime Ltd., Domina Maritime Ltd. & Dulac Maritime S.A.

22,163

(46)

22,117

(c)

Globus Maritime Ltd.

1,500

-

1,500

(d)

Artful Shipholding S.A. & Longevity Maritime Limited

13,500

(249)

13,251

 

 

 

 

 

 

Total at December 31, 2018

37,163

(295)

36,868

 

Less: Current Portion

(35,663)

295

(35,368)

 

Long-Term Portion

1,500

-

1,500

 

 

 

 

 

 

Total at December 31, 2017

41,660

(122)

41,538

 

Less: Current Portion

(41,660)

122

(41,538)

 

Long-Term Portion

-

-

-

 

Long-Term Debt, net - Annual loan principal paymetns

The contractual annual loan principal payments per bank loan to be made subsequent to December 31, 2018, assuming that the banks will not demand the repayment of the loans before their maturity, were as follows:

 

(a)

(c)

(d)

 

 

Hamburg Commercial Bank AG

Firment Shipping Inc.

Macquarie Bank International Limited

Total

December 31

 

 

Advance (A)

Advance (B)

 

2019

22,163

-

889

882

23.934

2020

-

2,200

889

882

3.971

2021

-

-

889

882

1.771

2022

-

-

889

882

1.771

2023 and thereafter 

-

-

2,444

3.972

6.416

Total

22,163

2,200

6,000

7,500

37.863

 

 

The contractual annual loan principal payments per bank loan to be made subsequent to December 31, 2017, assuming that the banks would not demand the repayment of the loans before their maturity, were as follows:

 

(a)

(b)

 

 

Hamburg Commercial Bank AG

DVB Bank

Total

December 31

 

Tranche (A)

Tranche (B)

 

2018

2,774

8,380

1,249

12,403

2019

22,163

-

7,094

29,257

2020 and thereafter 

-

-

-

-

Total

24,937

8,380

8,343

41,660