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id="xdx_800_eus-gaap--OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_zQEb0FmGuL49" style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0pt"><b>1. <span id="xdx_821_zJ7Hk03ly5zg">Basis of Presentation and General Information</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0pt">Capital Product Partners, L.P. was formed on January 16, 2007, under the laws of the Marshall Islands. Capital Product Partners, L.P. and its fully owned subsidiaries (collectively the “Partnership”) is an international shipping company. As of December 31, 2020, its fleet of <span id="xdx_90F_ecustom--NumberOfVessels_iI_dc_uPure_c20201231_zbSZaQITiqZ2">fourteen</span> high specification vessels consisted of <span id="xdx_90A_ecustom--NumberOfVessels_iI_dc_uPure_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NeoPanamaxContainerCarrierVesselsMember_z8wcLUhLEhW3">thirteen</span> Neo-Panamax container carrier vessels and <span id="xdx_901_ecustom--NumberOfVessels_iI_dc_uPure_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CapesizeBulkCarrierMember_zAgr55bwphY6">one</span> Cape-size bulk carrier. Its vessels are capable of carrying a wide range of dry cargoes, as well as containerized goods under short-term voyage charters and medium to long-term time charters.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 19.8pt 0 0"><i>The DSS Transaction</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">On <span id="xdx_90D_ecustom--DateOfTransactionAgreement1_pip0_uPure_c20180101__20181127__us-gaap--RelatedPartyTransactionAxis__custom--TransactionAgreementMember_zB63CTCNNQte" title="Date of transaction agreement">November 27, 2018</span>, the Partnership entered into a definitive transaction agreement (the “Transaction Agreement”) with DSS Holdings L.P. (“DSS”), a privately held third party company, pursuant to which the Partnership agreed to spin off its Crude and Product tanker business into a separate publicly listed company which would combine with DSS’s businesses and operations in a share-to-share transaction (the “DSS Transaction”). Pursuant to the Transaction Agreement:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">(a) the Partnership agreed to establish a number of entities for the implementation of the DSS Transaction, including Athena SpinCo Inc. (“Athena”);</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">(b) <span id="xdx_900_ecustom--PartnershipContributionOfTheCrudeAndProductTankerBusiness_c20190101__20190327__dei--LegalEntityAxis__custom--DiamondMember__us-gaap--RelatedPartyTransactionAxis__custom--TransactionAgreementMember_zwVKdMvhv8y9">the Partnership agreed to contribute to Athena the Crude and Product tanker business, associated inventories, $<span id="xdx_900_ecustom--CashReceivedPartnershipContribution_c20190101__20190327__dei--LegalEntityAxis__custom--DiamondMember__us-gaap--RelatedPartyTransactionAxis__custom--TransactionAgreementMember_zNT9E5W5zxs">10,000</span> in cash plus prorated charter hire and net payments received from February 20, 2019 onwards with specific arrangements relating to the funding of working capital</span>;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">(c) the Partnership agreed to distribute all <span id="xdx_90B_eus-gaap--StockOrUnitsAvailableForDistributions_c20190101__20190327__dei--LegalEntityAxis__custom--DiamondMember__us-gaap--RelatedPartyTransactionAxis__custom--TransactionAgreementMember_zhmEIL2dUW1j" title="Shares to be distributed">12,725,000</span> shares of common stock of Athena (renamed Diamond S Shipping Inc. or “Diamond S”) that it owned by way of a pro rata distribution to holders of the Partnership’s common and general partner units (the “distribution”);</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">(d) Immediately following the distribution, there was a series of mergers as a result of which Diamond S would acquire the business and operations of DSS (the “combination”). In the combination, Diamond S issued additional shares of Diamond S common stock to DSS in such amount as to reflect the relative net asset values of the respective businesses and the agreed implied premium on the net asset value of the Crude and Product tanker business; and</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">(e) DSS entered into several firm commitments for a syndicated <span id="xdx_90D_eus-gaap--LineOfCreditFacilityExpirationPeriod_dt_c20190101__20190327__us-gaap--LongtermDebtTypeAxis__custom--DSSLoanMember__us-gaap--RelatedPartyTransactionAxis__custom--TransactionAgreementMember_zhCIdsG9dXEb" title="Expiration period of line of credit">five year</span> term loan and revolving credit facility of up to $<span id="xdx_900_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_c20190327__us-gaap--LongtermDebtTypeAxis__custom--DSSLoanMember__us-gaap--RelatedPartyTransactionAxis__custom--TransactionAgreementMember_zP7qfCSzK552" title="Credit facility, maximum borrowing capacity">360,000 </span>with a syndicate of global shipping banks, and agreed to turn over net proceeds in such amount to partially prepay a portion of the loans outstanding under the Partnership’s existing credit facilities, redeem the Partnership’s Class B Units and fund transaction expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The DSS Transaction was completed on <span title="Closing date of transaction agreement"><span title="Closing date of transaction agreement"><span id="xdx_909_ecustom--DateOfClosingTransactionAgreement1_uPure_c20190101__20190327__us-gaap--RelatedPartyTransactionAxis__custom--TransactionAgreementMember_zMUCvUG3Haog" title="Closing date of Transaction agreement">March 27, 2019</span></span></span>. Results of operations and cash flows of the Crude and Product tanker business and assets and liabilities that were part of the DSS Transaction are reported as discontinued operations for all periods presented (Note 3).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0pt">Effective March 27, 2019, the Partnership effected a <span id="xdx_905_ecustom--PartnersCapitalReverseUnitSplit_c20190101__20190327_zOo7PRsn3lU5" title="Reverse unit split, description">one for seven reverse unit split</span> of its issued and outstanding common and general partner units (the “March 2019 Reverse Split”) (Note 13). All units and per units amounts disclosed in the financial statements give effect to this reverse stock split retroactively, for all periods presented.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="margin: 0 0 6pt; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif">The consolidated financial statements include Capital Product Partners, L.P. and the following wholly owned subsidiaries which were all incorporated or formed under the laws of the Marshall Islands and Liberia.</span></p> <p id="xdx_89F_ecustom--ListOfSubsidiariesTableTextBlock_zgAucuRq1KKb" style="margin: 0; font-size: 12pt"> </p> <p style="margin: 0; font-size: 12pt"><span style="font: 10pt Times New Roman, Times, Serif; visibility: hidden"><span id="xdx_8B3_zNs5708e8aki" style="display: none">Basis of Presentation and General Information - List of Subsidiaries (Table)</span></span></p> <p style="margin: 0; font-size: 12pt"/> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: #CCEEFF"> <td style="font-weight: bold; text-align: left; width: 24%">Subsidiary</td> <td id="xdx_489_edei--EntityIncorporationDateOfIncorporation_zWK5v1vM9EF4" style="font-weight: bold; text-align: center; width: 11%">Date of Incorporation </td> <td id="xdx_484_ecustom--EntityVesselName_d0_zcwuGQuIw62k" style="font-weight: bold; text-align: center; width: 28%">Name of Vessel Owned by Subsidiary</td> <td id="xdx_481_ecustom--VesselSize_d0_zBQWEsOyJnp9" style="font-weight: bold; text-align: center; width: 9%">Deadweight “DWT”</td> <td id="xdx_488_ecustom--EntityAcquisitionDateByPartnership_d0_zZPFETPNCVid" style="font-weight: bold; text-align: center; width: 10%">Date acquired by the Partnership</td> <td id="xdx_482_ecustom--EntityAcquisitionDateByRelatedParty_zNfFAcdGyXXk" style="font-weight: bold; text-align: center; width: 18%">Date acquired by Capital Maritime &amp; Trading Corp. (“CMTC”)</td></tr> <tr style="vertical-align: bottom"> <td style="text-decoration: underline; font-weight: bold; font-style: italic">Continuing Operations</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--CapitalProductOperatingGpLlcMember_zGk6dwXtRYQ6" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Capital Product Operating LLC</td> <td style="text-align: center">01/16/2007</td> <td style="text-align: center">—</td> <td style="text-align: center">—  </td> <td style="text-align: center">—  </td> <td style="text-align: center">—  </td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--CrudeCarriersCorpMember_z0yVT3on4Mta" style="vertical-align: bottom"> <td>Crude Carriers Corp.</td> <td style="text-align: center">10/29/2009</td> <td style="text-align: center">—</td> <td style="text-align: center">—  </td> <td style="text-align: center">09/30/2011</td> <td style="text-align: center">—  </td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--CrudeCarriersOperatingCorpMember_zzRfVcLxBoeg" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Crude Carriers Operating Corp.</td> <td style="text-align: center">01/21/2010</td> <td style="text-align: center">—</td> <td style="text-align: center">—  </td> <td style="text-align: center">09/30/2011</td> <td style="text-align: center">—  </td></tr> <tr id="xdx_41D_20200101__20201231__dei--LegalEntityAxis__custom--PatroklosMarineCorpMember_z1u9RNYNVgBd" style="vertical-align: bottom"> <td>Patroklos Marine Corp.</td> <td style="text-align: center">06/17/2008</td> <td style="text-align: center">M/V Cape Agamemnon</td> <td style="text-align: center">179,221</td> <td style="text-align: center">06/09/2011</td> <td style="text-align: center">01/25/2011</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--AgamemnonContainerCarrierCorpMember_z9EfA2yuzcI6" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Agamemnon Container Carrier Corp.</td> <td style="text-align: center">04/19/2012</td> <td style="text-align: center">M/V Agamemnon</td> <td style="text-align: center">108,892</td> <td style="text-align: center">12/22/2012</td> <td style="text-align: center">06/28/2012</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--ArchimidisContainerCarrierCorpMember_z7tbqACVigKa" style="vertical-align: bottom"> <td>Archimidis Container Carrier Corp.</td> <td style="text-align: center">04/19/2012</td> <td style="text-align: center">M/V Archimidis</td> <td style="text-align: center">108,892</td> <td style="text-align: center">12/22/2012</td> <td style="text-align: center">06/22/2012</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--AnaxContainerCarrierS.AMember_zGc3MBqTDiR3" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Anax Container Carrier S.A.</td> <td style="text-align: center">04/08/2011</td> <td style="text-align: center">M/V Hyundai Prestige</td> <td style="text-align: center">63,010</td> <td style="text-align: center">09/11/2013</td> <td style="text-align: center">02/19/2013</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--HerculesContainerCarrierS.AMember_z1vV0KfSfJra" style="vertical-align: bottom"> <td>Hercules Container Carrier S.A.</td> <td style="text-align: center">04/08/2011</td> <td style="text-align: center">M/V Hyundai Premium</td> <td style="text-align: center">63,010</td> <td style="text-align: center">03/20/2013</td> <td style="text-align: center">03/11/2013</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--IasonContainerCarrierS.AMember_z7TOayBXug69" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Iason Container Carrier S.A.</td> <td style="text-align: center">04/08/2011</td> <td style="text-align: center">M/V Hyundai Paramount</td> <td style="text-align: center">63,010</td> <td style="text-align: center">03/27/2013</td> <td style="text-align: center">03/27/2013</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--ThiseasContainerCarrierS.AMember_zsCFDmmD9ioh" style="vertical-align: bottom"> <td>Thiseas Container Carrier S.A.</td> <td style="text-align: center">04/08/2011</td> <td style="text-align: center">M/V Hyundai Privilege</td> <td style="text-align: center">63,010</td> <td style="text-align: center">09/11/2013</td> <td style="text-align: center">05/31/2013</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--CronusContainerCarrierS.AMember_zk7wjCf06r8h" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Cronus Container Carrier S.A.</td> <td style="text-align: center">07/19/2011</td> <td style="text-align: center">M/V Hyundai Platinum</td> <td style="text-align: center">63,010</td> <td style="text-align: center">09/11/2013</td> <td style="text-align: center">06/14/2013</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--DiasContainerCarrierS.AMember_zD8C39w8iCS8" style="vertical-align: bottom"> <td>Dias Container Carrier S.A.</td> <td style="text-align: center">05/16/2013</td> <td style="text-align: center">M/V Akadimos (ex CMA CGM Amazon) </td> <td style="text-align: center">115,534</td> <td style="text-align: center">06/10/2015</td> <td style="text-align: center">06/10/2015</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--PoseidonContainerCarrierS.AMember_zA5vUncxyt5b" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Poseidon Container Carrier S.A.</td> <td style="text-align: center">05/16/2013</td> <td style="text-align: center">M/V Adonis (ex CMA CGM Uruguay)</td> <td style="text-align: center">115,639</td> <td style="text-align: center">09/18/2015</td> <td style="text-align: center">09/18/2015</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--AtrotosContainerCarrierS.AMember_zSQfH9W0EdCk" style="vertical-align: bottom"> <td>Atrotos Container Carrier S.A.</td> <td style="text-align: center">10/25/2013</td> <td style="text-align: center">M/V CMA CGM Magdalena</td> <td style="text-align: center">115,639</td> <td style="text-align: center">02/26/2016</td> <td style="text-align: center">02/26/2016</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--DekaContainerCarrierS.AMember_zUujtJu4BTkb" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Deka Container Carrier S.A.</td> <td style="text-align: center">03/28/2017</td> <td style="text-align: center">M/V Athenian</td> <td style="text-align: center">118,835</td> <td style="text-align: center">01/22/2020</td> <td style="text-align: center">04/28/2017</td></tr> <tr id="xdx_410_20200101__20201231__dei--LegalEntityAxis__custom--JupiterContainerCarrierS.AMember_zYETX2ylWQXj" style="vertical-align: bottom"> <td>Jupiter Container Carrier S.A.</td> <td style="text-align: center">03/28/2017</td> <td style="text-align: center">M/V Athos</td> <td style="text-align: center">118,888</td> <td style="text-align: center">01/23/2020</td> <td style="text-align: center">05/19/2017</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--NikitisContainerCarrierS.AMember_zKVidXmayDzj" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Nikitis Container Carrier S.A.</td> <td style="text-align: center">03/28/2017</td> <td style="text-align: center">M/V Aristomenis</td> <td style="text-align: center">118,712</td> <td style="text-align: center">01/23/2020</td> <td style="text-align: center">06/27/2017</td></tr> <tr id="xdx_41B_20200101__20201231__dei--LegalEntityAxis__custom--AenaosContainerCarrierS.AMember_zAkAJyvfP2Ul" style="vertical-align: bottom"> <td>Aenaos Product Carrier S.A.</td> <td style="text-align: center">10/16/2013</td> <td style="text-align: center">M/T Aristotelis <sup id="xdx_F47_zcPb5C1eseZk">(1)</sup></td> <td style="text-align: center">51,604</td> <td style="text-align: center">11/28/2013</td> <td style="text-align: center">—  </td></tr> <tr id="xdx_41B_20200101__20201231__dei--LegalEntityAxis__custom--BaymontEnterprisesIncorporatedMember_zCHeMW8NFAX6" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Baymont Enterprises Incorporated </td> <td style="text-align: center">05/29/2007</td> <td style="text-align: center">M/T Amore Mio <span style="font-size: 8pt"><sup id="xdx_F48_ztCauGfYwXZ8">(1)</sup></span></td> <td style="text-align: center">159,982</td> <td style="text-align: center">03/27/2008</td> <td style="text-align: center">07/31/2007</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--RossShipmanagementCo.Member_zguMCdnGO0X9" style="vertical-align: bottom"> <td>Ross Shipmanagement Co.</td> <td style="text-align: center">12/29/2003</td> <td style="text-align: center">M/T Attikos <span style="font-size: 8pt"><sup id="xdx_F42_z1yEZMMqzrI4">(2)</sup></span></td> <td style="text-align: center">12,000</td> <td style="text-align: center">09/24/2007</td> <td style="text-align: center">01/20/2005</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--ForbesMaritimeCo.Member_zJ2uOErRHwzf" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Forbes Maritime Co.</td> <td style="text-align: center">02/03/2004</td> <td style="text-align: center">M/T Aristofanis <span style="font-size: 8pt"><sup id="xdx_F49_z9GUiwAdiuee">(2)</sup></span></td> <td style="text-align: center">12,000</td> <td style="text-align: center">04/30/2008</td> <td style="text-align: center">06/02/2005</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--MangoFinanceCorp.Member_zFXNxnrHiyU1" style="vertical-align: bottom"> <td>Mango Finance Corp.</td> <td style="text-align: center">07/14/2006</td> <td style="text-align: center">M/T Agamemnon II <span style="font-size: 8pt"><sup id="xdx_F46_z2OdYeKI94ml">(2)</sup></span></td> <td style="text-align: center">51,238</td> <td style="text-align: center">04/07/2009</td> <td style="text-align: center">11/24/2008</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--MiltiadisMiiCorpMember_zIa31sgWqgw5" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Miltiadis M II Corp.</td> <td style="text-align: center">08/28/2012</td> <td style="text-align: center">—</td> <td style="text-align: center">—  </td> <td style="text-align: center">—  </td> <td style="text-align: center">—  </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span id="xdx_F06_zG6qNH1pjhuh" style="font: 9pt Times New Roman, Times, Serif">(1)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span id="xdx_F16_zU7H3aSHdY63" style="font: 9pt Times New Roman, Times, Serif">Vessels were disposed in 2018.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0D_zEGTILKPDzr4" style="width: 15pt; text-align: right"><span style="font: 9pt Times New Roman, Times, Serif">(2)</span></td> <td style="width: 5pt"/> <td id="xdx_F18_zBvuqvMQJup4" style="text-align: justify"><span style="font: 9pt Times New Roman, Times, Serif">Vessels were disposed prior to 2018</span><span style="font: 10pt Times New Roman, Times, Serif">.</span></td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"/> <p style="margin-top: 0; margin-bottom: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; width: 24%">Subsidiary</td> <td id="xdx_489_edei--EntityIncorporationDateOfIncorporation_zDSn3NMAIgUe" style="font-weight: bold; text-align: center; width: 11%">Date of Incorporation </td> <td id="xdx_484_ecustom--EntityVesselName_d0_zdSv3FLcgth9" style="font-weight: bold; text-align: center; width: 28%">Name of Vessel Owned by Subsidiary</td> <td id="xdx_481_ecustom--VesselSize_d0_zakbfPQigdbh" style="font-weight: bold; text-align: center; width: 9%">Deadweight “DWT”</td> <td id="xdx_488_ecustom--EntityAcquisitionDateByPartnership_d0_zH5QFbdNz2N6" style="font-weight: bold; text-align: center; width: 10%">Date acquired by the Partnership</td> <td id="xdx_482_ecustom--EntityAcquisitionDateByRelatedParty_zyogLz73gt3f" style="font-weight: bold; text-align: center; width: 18%">Date acquired by Capital Maritime &amp; Trading Corp. (“CMTC”)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td colspan="4" style="text-decoration: underline; font-weight: bold; font-style: italic">Discontinued Operations (Companies part of the Crude and Product tanker business which were spun-off on March 27, 2019)</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--ShippingRiderCo.Member_zkS03Je5qUCb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Shipping Rider Co.</td> <td style="text-align: center">09/16/2003</td> <td style="text-align: center">M/T Atlantas II</td> <td style="text-align: center">36,760</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">04/26/2006</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--CanveyShipmanagementCo.Member_zHgz2GkD3xI1" style="vertical-align: bottom; background-color: White"> <td>Canvey Shipmanagement Co.</td> <td style="text-align: center">03/18/2004</td> <td style="text-align: center">M/T Assos</td> <td style="text-align: center">47,872</td> <td style="text-align: center">08/16/2010 <br/> 04/04/2007</td> <td style="text-align: center">05/17/2006</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--CenturionNavigationLimitedMember_zWoqhAzTMxO8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Centurion Navigation Limited</td> <td style="text-align: center">08/27/2003</td> <td style="text-align: center">M/T Aktoras</td> <td style="text-align: center">36,759</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">07/12/2006</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--PolarwindMaritimeS.A.Member_zUqSXMnShaBl" style="vertical-align: bottom; background-color: White"> <td>Polarwind Maritime S.A.</td> <td style="text-align: center">10/10/2003</td> <td style="text-align: center">M/T Agisilaos</td> <td style="text-align: center">36,760</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">08/16/2006</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--CarnationShippingCompanyMember_zYiKuTg4wO12" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Carnation Shipping Company </td> <td style="text-align: center">11/10/2003</td> <td style="text-align: center">M/T Arionas</td> <td style="text-align: center">36,725</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">11/02/2006</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--ApollonasShippingCompanyMember_z6TDgMMOsv69" style="vertical-align: bottom; background-color: White"> <td>Apollonas Shipping Company</td> <td style="text-align: center">02/10/2004</td> <td style="text-align: center">M/T Avax</td> <td style="text-align: center">47,834</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">01/12/2007</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--TempestMaritimeInc.Member_zRVi9Ni9pKHf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Tempest Maritime Inc.</td> <td style="text-align: center">09/12/2003</td> <td style="text-align: center">M/T Aiolos</td> <td style="text-align: center">36,725</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">03/02/2007</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--IraklitosShippingCompanyMember_zDezcNDNmgi9" style="vertical-align: bottom; background-color: White"> <td>Iraklitos Shipping Company</td> <td style="text-align: center">02/10/2004</td> <td style="text-align: center">M/T Axios</td> <td style="text-align: center">47,872</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">02/28/2007</td></tr> <tr id="xdx_410_20200101__20201231__dei--LegalEntityAxis__custom--EpicurusShippingCompanyMember_z1vOOkuNYKQ4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Epicurus Shipping Company</td> <td style="text-align: center">02/11/2004</td> <td style="text-align: center">M/T Atrotos</td> <td style="text-align: center">47,786</td> <td style="text-align: center">03/01/2010<br/> 05/08/2007</td> <td style="text-align: center">05/08/2007</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--LaredoMaritimeInc.Member_zpQMawO9tjxi" style="vertical-align: bottom; background-color: White"> <td>Laredo Maritime Inc.</td> <td style="text-align: center">02/03/2004</td> <td style="text-align: center">M/T Akeraios</td> <td style="text-align: center">47,781</td> <td style="text-align: center">07/13/2007</td> <td style="text-align: center">07/13/2007</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--LorenzoShipmanagementInc.Member_zfScFa4SrLhc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Lorenzo Shipmanagement Inc.</td> <td style="text-align: center">05/26/2004</td> <td style="text-align: center">M/T Apostolos</td> <td style="text-align: center">47,782</td> <td style="text-align: center">09/20/2007</td> <td style="text-align: center">09/20/2007</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--SplendorShipholdingS.A.Member_ztGuPS84sLoa" style="vertical-align: bottom; background-color: White"> <td>Splendor Shipholding S.A.</td> <td style="text-align: center">07/08/2004</td> <td style="text-align: center">M/T Anemos I</td> <td style="text-align: center">47,782</td> <td style="text-align: center">09/28/2007</td> <td style="text-align: center">09/28/2007</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--SorrelShipmanagementInc.Member_z3lxNuilCE7f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Sorrel Shipmanagement Inc. </td> <td style="text-align: center">02/07/2006</td> <td style="text-align: center">M/T Alexandros II</td> <td style="text-align: center">51,258</td> <td style="text-align: center">01/29/2008</td> <td style="text-align: center">01/29/2008</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--WindDancerShippingInc.Member_zsXVtHjwoNz9" style="vertical-align: bottom; background-color: White"> <td>Wind Dancer Shipping Inc.</td> <td style="text-align: center">02/07/2006</td> <td style="text-align: center">M/T Aristotelis II</td> <td style="text-align: center">51,226</td> <td style="text-align: center">06/17/2008</td> <td style="text-align: center">06/17/2008</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--BelerionMaritimeCo.Member_zR8JQZqdnTfi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Belerion Maritime Co.</td> <td style="text-align: center">01/24/2006</td> <td style="text-align: center">M/T Aris II</td> <td style="text-align: center">51,218</td> <td style="text-align: center">08/20/2008</td> <td style="text-align: center">08/20/2008</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--NavarroInternationalS.A.Member_zf9BbfVwrb6" style="vertical-align: bottom; background-color: White"> <td>Navarro International S.A.</td> <td style="text-align: center">07/14/2006</td> <td style="text-align: center">M/T Ayrton II</td> <td style="text-align: center">51,260</td> <td style="text-align: center">04/13/2009</td> <td style="text-align: center">04/10/2009</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--AdrianShipholdingInc.Member_zrCBXdRsstp5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Adrian Shipholding Inc.</td> <td style="text-align: center">06/22/2004</td> <td style="text-align: center">M/T Alkiviadis</td> <td style="text-align: center">36,721</td> <td style="text-align: center">06/30/2010</td> <td style="text-align: center">03/29/2006</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--CooperConsultantsCo.renamedtoMiltiadisMIICarriersCorp.Member_zLSfSfCPg1K" style="vertical-align: bottom; background-color: White"> <td>Cooper Consultants Co. renamed to Miltiadis M II Carriers Corp.</td> <td style="text-align: center">04/06/2006</td> <td style="text-align: center">M/T Miltiadis M II</td> <td style="text-align: center">162,397</td> <td style="text-align: center">09/30/2011</td> <td style="text-align: center">04/26/2006</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Amoureux Carriers Corp.</td> <td id="xdx_98C_edei--EntityIncorporationDateOfIncorporation_c20200101__20201231__dei--LegalEntityAxis__custom--AmoureuxCarriersCorp.Member_z28r3KstKGp7" style="text-align: center" title="Date of Incorporation">04/14/2010</td> <td id="xdx_985_ecustom--EntityVesselName_c20200101__20201231__dei--LegalEntityAxis__custom--AmoureuxCarriersCorp.Member_z8qWS1hpdNMc" style="text-align: center">M/T Amoureux</td> <td id="xdx_984_ecustom--VesselSize_c20200101__20201231__dei--LegalEntityAxis__custom--AmoureuxCarriersCorp.Member_zTwAnUpfS0R2" style="text-align: center">149,993</td> <td id="xdx_980_ecustom--EntityAcquisitionDateByPartnership_c20200101__20201231__dei--LegalEntityAxis__custom--AmoureuxCarriersCorp.Member_z38EVt3TrTMc" style="text-align: center">09/30/2011</td> <td id="xdx_982_ecustom--EntityAcquisitionDateByRelatedParty_c20200101__20201231__dei--LegalEntityAxis__custom--AmoureuxCarriersCorp.Member_zrhZxFz4lLH" style="text-align: center">—</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Aias Carriers Corp.</td> <td id="xdx_983_edei--EntityIncorporationDateOfIncorporation_c20200101__20201231__dei--LegalEntityAxis__custom--AiasCarriersCorp.Member_z88LTcMfV8d6" style="text-align: center">04/14/2010</td> <td id="xdx_983_ecustom--EntityVesselName_c20200101__20201231__dei--LegalEntityAxis__custom--AiasCarriersCorp.Member_z38gdeZLN2Ze" style="text-align: center">M/T Aias</td> <td id="xdx_985_ecustom--VesselSize_c20200101__20201231__dei--LegalEntityAxis__custom--AiasCarriersCorp.Member_zGRPAYxrJ0Yc" style="text-align: center">150,393</td> <td id="xdx_986_ecustom--EntityAcquisitionDateByPartnership_c20200101__20201231__dei--LegalEntityAxis__custom--AiasCarriersCorp.Member_zswnmaYWZCn4" style="text-align: center">09/30/2011</td> <td id="xdx_989_ecustom--EntityAcquisitionDateByRelatedParty_c20200101__20201231__dei--LegalEntityAxis__custom--AiasCarriersCorp.Member_zSCIdP1pF34h" style="text-align: center">—</td></tr> <tr id="xdx_410_20200101__20201231__dei--LegalEntityAxis__custom--IsiodosProductCarrierS.A.Member_zZaxjk26pjek" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Isiodos Product Carrier S.A. </td> <td style="text-align: center">05/31/2013</td> <td style="text-align: center">M/T Active</td> <td style="text-align: center">50,136</td> <td style="text-align: center">03/31/2015</td> <td style="text-align: center">03/31/2015</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--TitanasProductCarrierS.A.Member_zvB1yhhuoBX5" style="vertical-align: bottom; background-color: White"> <td>Titanas Product Carrier S.A. </td> <td style="text-align: center">05/31/2013</td> <td style="text-align: center">M/T Amadeus</td> <td style="text-align: center">50,108</td> <td style="text-align: center">06/30/2015</td> <td style="text-align: center">06/30/2015</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--FilonikisProductCarrierS.A.Member_z7U0fA2Ae59b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Filonikis Product Carrier S.A.</td> <td style="text-align: center">05/31/2013</td> <td style="text-align: center">M/T Amor</td> <td style="text-align: center">49,999</td> <td style="text-align: center">10/24/2016</td> <td style="text-align: center">09/30/2015</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--AsteriasCrudeCarrierS.A.Member_zIRxsTP8c0U9" style="vertical-align: bottom; background-color: White"> <td>Asterias Crude Carrier S.A. </td> <td style="text-align: center">07/13/2015</td> <td style="text-align: center">M/T Aristaios</td> <td style="text-align: center">113,689</td> <td style="text-align: center">01/17/2018</td> <td style="text-align: center">01/10/2017</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--IasonProductCarrierS.A.Member_ztUYySqdzmBl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Iason Product Carrier S.A.</td> <td style="text-align: center">08/28/2013</td> <td style="text-align: center">M/T Anikitos</td> <td style="text-align: center">50,082</td> <td style="text-align: center">05/04/2018</td> <td style="text-align: center">06/21/2016</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--AthenaSpinCoIncMember_zWHgyziZyDQ9" style="background-color: White"> <td id="xdx_F4F_ziUj1wLWuRf9" style="vertical-align: bottom">Athena SpinCo Inc.*</td> <td style="vertical-align: bottom; text-align: center">11/14/2018</td> <td style="vertical-align: bottom; text-align: center">—</td> <td style="vertical-align: middle; text-align: center">—  </td> <td style="vertical-align: top; text-align: center">__</td> <td style="vertical-align: top; text-align: center">__</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--AthenaMergerCo1IncMember_zuIgeJstqFjh" style="background-color: rgb(204,238,255)"> <td id="xdx_F48_zibFCcxCLi4l" style="vertical-align: bottom">Athena MergerCo 1 Inc. *</td> <td style="vertical-align: bottom; text-align: center">11/14/2018</td> <td style="vertical-align: bottom; text-align: center">—</td> <td style="vertical-align: middle; text-align: center">—  </td> <td style="vertical-align: top; text-align: center">__</td> <td style="vertical-align: top; text-align: center">__</td></tr> <tr id="xdx_41D_20200101__20201231__dei--LegalEntityAxis__custom--AthenaMergerCo2IncMember_zwWZryfNdjM8" style="background-color: White"> <td id="xdx_F47_zQJ8eeIXWzmf" style="vertical-align: bottom">Athena MergerCo 2 Inc. *</td> <td style="vertical-align: bottom; text-align: center">11/14/2018</td> <td style="text-align: center; vertical-align: middle">—</td> <td style="vertical-align: middle; text-align: center">—  </td> <td style="vertical-align: middle; text-align: center">__</td> <td style="vertical-align: middle; text-align: center">__</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--AthenaMergerCo3LLCMember_zXFW42fefFC1" style="background-color: rgb(204,238,255)"> <td id="xdx_F49_zTqlCR29iBO2" style="vertical-align: bottom">Athena MergerCo 3 LLC. *</td> <td style="vertical-align: bottom; text-align: center">11/14/2018</td> <td style="vertical-align: bottom; text-align: center">—</td> <td style="vertical-align: middle; text-align: center">—  </td> <td style="vertical-align: middle; text-align: center">__</td> <td style="vertical-align: middle; text-align: center">__</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--AthenaMergerCo4LLCMember_z9lFl1rFJd89" style="background-color: White"> <td id="xdx_F48_zOrvzJCqLlv5" style="vertical-align: bottom">Athena MergerCo 4 LLC *</td> <td style="vertical-align: bottom; text-align: center">11/14/2018</td> <td style="vertical-align: bottom; text-align: center">—</td> <td style="vertical-align: middle; text-align: center">—  </td> <td style="vertical-align: middle; text-align: center">__</td> <td style="vertical-align: middle; text-align: center">__</td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"/> <p style="margin-top: 0; margin-bottom: 0"/> <p style="margin-top: 0; margin-bottom: 0"/> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"/> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"/> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 35pt; text-align: right"><span id="xdx_F09_zc20acBywMo5" style="font: 10pt Times New Roman, Times, Serif">*</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span id="xdx_F13_zxx90y60kSpj" style="font: 9pt Times New Roman, Times, Serif">Companies established for the purpose of the agreement between the Partnership and DSS.</span></td> </tr></table> <p id="xdx_8AF_z9p117SG3vv" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> 14 13 1 November 27, 2018 the Partnership agreed to contribute to Athena the Crude and Product tanker business, associated inventories, $10,000 in cash plus prorated charter hire and net payments received from February 20, 2019 onwards with specific arrangements relating to the funding of working capital 10000 12725000 P5Y 360000 March 27, 2019 one for seven reverse unit split <p id="xdx_89F_ecustom--ListOfSubsidiariesTableTextBlock_zgAucuRq1KKb" style="margin: 0; font-size: 12pt"> </p> <p style="margin: 0; font-size: 12pt"><span style="font: 10pt Times New Roman, Times, Serif; visibility: hidden"><span id="xdx_8B3_zNs5708e8aki" style="display: none">Basis of Presentation and General Information - List of Subsidiaries (Table)</span></span></p> <p style="margin: 0; font-size: 12pt"/> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: #CCEEFF"> <td style="font-weight: bold; text-align: left; width: 24%">Subsidiary</td> <td id="xdx_489_edei--EntityIncorporationDateOfIncorporation_zWK5v1vM9EF4" style="font-weight: bold; text-align: center; width: 11%">Date of Incorporation </td> <td id="xdx_484_ecustom--EntityVesselName_d0_zcwuGQuIw62k" style="font-weight: bold; text-align: center; width: 28%">Name of Vessel Owned by Subsidiary</td> <td id="xdx_481_ecustom--VesselSize_d0_zBQWEsOyJnp9" style="font-weight: bold; text-align: center; width: 9%">Deadweight “DWT”</td> <td id="xdx_488_ecustom--EntityAcquisitionDateByPartnership_d0_zZPFETPNCVid" style="font-weight: bold; text-align: center; width: 10%">Date acquired by the Partnership</td> <td id="xdx_482_ecustom--EntityAcquisitionDateByRelatedParty_zNfFAcdGyXXk" style="font-weight: bold; text-align: center; width: 18%">Date acquired by Capital Maritime &amp; Trading Corp. (“CMTC”)</td></tr> <tr style="vertical-align: bottom"> <td style="text-decoration: underline; font-weight: bold; font-style: italic">Continuing Operations</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--CapitalProductOperatingGpLlcMember_zGk6dwXtRYQ6" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Capital Product Operating LLC</td> <td style="text-align: center">01/16/2007</td> <td style="text-align: center">—</td> <td style="text-align: center">—  </td> <td style="text-align: center">—  </td> <td style="text-align: center">—  </td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--CrudeCarriersCorpMember_z0yVT3on4Mta" style="vertical-align: bottom"> <td>Crude Carriers Corp.</td> <td style="text-align: center">10/29/2009</td> <td style="text-align: center">—</td> <td style="text-align: center">—  </td> <td style="text-align: center">09/30/2011</td> <td style="text-align: center">—  </td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--CrudeCarriersOperatingCorpMember_zzRfVcLxBoeg" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Crude Carriers Operating Corp.</td> <td style="text-align: center">01/21/2010</td> <td style="text-align: center">—</td> <td style="text-align: center">—  </td> <td style="text-align: center">09/30/2011</td> <td style="text-align: center">—  </td></tr> <tr id="xdx_41D_20200101__20201231__dei--LegalEntityAxis__custom--PatroklosMarineCorpMember_z1u9RNYNVgBd" style="vertical-align: bottom"> <td>Patroklos Marine Corp.</td> <td style="text-align: center">06/17/2008</td> <td style="text-align: center">M/V Cape Agamemnon</td> <td style="text-align: center">179,221</td> <td style="text-align: center">06/09/2011</td> <td style="text-align: center">01/25/2011</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--AgamemnonContainerCarrierCorpMember_z9EfA2yuzcI6" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Agamemnon Container Carrier Corp.</td> <td style="text-align: center">04/19/2012</td> <td style="text-align: center">M/V Agamemnon</td> <td style="text-align: center">108,892</td> <td style="text-align: center">12/22/2012</td> <td style="text-align: center">06/28/2012</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--ArchimidisContainerCarrierCorpMember_z7tbqACVigKa" style="vertical-align: bottom"> <td>Archimidis Container Carrier Corp.</td> <td style="text-align: center">04/19/2012</td> <td style="text-align: center">M/V Archimidis</td> <td style="text-align: center">108,892</td> <td style="text-align: center">12/22/2012</td> <td style="text-align: center">06/22/2012</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--AnaxContainerCarrierS.AMember_zGc3MBqTDiR3" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Anax Container Carrier S.A.</td> <td style="text-align: center">04/08/2011</td> <td style="text-align: center">M/V Hyundai Prestige</td> <td style="text-align: center">63,010</td> <td style="text-align: center">09/11/2013</td> <td style="text-align: center">02/19/2013</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--HerculesContainerCarrierS.AMember_z1vV0KfSfJra" style="vertical-align: bottom"> <td>Hercules Container Carrier S.A.</td> <td style="text-align: center">04/08/2011</td> <td style="text-align: center">M/V Hyundai Premium</td> <td style="text-align: center">63,010</td> <td style="text-align: center">03/20/2013</td> <td style="text-align: center">03/11/2013</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--IasonContainerCarrierS.AMember_z7TOayBXug69" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Iason Container Carrier S.A.</td> <td style="text-align: center">04/08/2011</td> <td style="text-align: center">M/V Hyundai Paramount</td> <td style="text-align: center">63,010</td> <td style="text-align: center">03/27/2013</td> <td style="text-align: center">03/27/2013</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--ThiseasContainerCarrierS.AMember_zsCFDmmD9ioh" style="vertical-align: bottom"> <td>Thiseas Container Carrier S.A.</td> <td style="text-align: center">04/08/2011</td> <td style="text-align: center">M/V Hyundai Privilege</td> <td style="text-align: center">63,010</td> <td style="text-align: center">09/11/2013</td> <td style="text-align: center">05/31/2013</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--CronusContainerCarrierS.AMember_zk7wjCf06r8h" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Cronus Container Carrier S.A.</td> <td style="text-align: center">07/19/2011</td> <td style="text-align: center">M/V Hyundai Platinum</td> <td style="text-align: center">63,010</td> <td style="text-align: center">09/11/2013</td> <td style="text-align: center">06/14/2013</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--DiasContainerCarrierS.AMember_zD8C39w8iCS8" style="vertical-align: bottom"> <td>Dias Container Carrier S.A.</td> <td style="text-align: center">05/16/2013</td> <td style="text-align: center">M/V Akadimos (ex CMA CGM Amazon) </td> <td style="text-align: center">115,534</td> <td style="text-align: center">06/10/2015</td> <td style="text-align: center">06/10/2015</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--PoseidonContainerCarrierS.AMember_zA5vUncxyt5b" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Poseidon Container Carrier S.A.</td> <td style="text-align: center">05/16/2013</td> <td style="text-align: center">M/V Adonis (ex CMA CGM Uruguay)</td> <td style="text-align: center">115,639</td> <td style="text-align: center">09/18/2015</td> <td style="text-align: center">09/18/2015</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--AtrotosContainerCarrierS.AMember_zSQfH9W0EdCk" style="vertical-align: bottom"> <td>Atrotos Container Carrier S.A.</td> <td style="text-align: center">10/25/2013</td> <td style="text-align: center">M/V CMA CGM Magdalena</td> <td style="text-align: center">115,639</td> <td style="text-align: center">02/26/2016</td> <td style="text-align: center">02/26/2016</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--DekaContainerCarrierS.AMember_zUujtJu4BTkb" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Deka Container Carrier S.A.</td> <td style="text-align: center">03/28/2017</td> <td style="text-align: center">M/V Athenian</td> <td style="text-align: center">118,835</td> <td style="text-align: center">01/22/2020</td> <td style="text-align: center">04/28/2017</td></tr> <tr id="xdx_410_20200101__20201231__dei--LegalEntityAxis__custom--JupiterContainerCarrierS.AMember_zYETX2ylWQXj" style="vertical-align: bottom"> <td>Jupiter Container Carrier S.A.</td> <td style="text-align: center">03/28/2017</td> <td style="text-align: center">M/V Athos</td> <td style="text-align: center">118,888</td> <td style="text-align: center">01/23/2020</td> <td style="text-align: center">05/19/2017</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--NikitisContainerCarrierS.AMember_zKVidXmayDzj" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Nikitis Container Carrier S.A.</td> <td style="text-align: center">03/28/2017</td> <td style="text-align: center">M/V Aristomenis</td> <td style="text-align: center">118,712</td> <td style="text-align: center">01/23/2020</td> <td style="text-align: center">06/27/2017</td></tr> <tr id="xdx_41B_20200101__20201231__dei--LegalEntityAxis__custom--AenaosContainerCarrierS.AMember_zAkAJyvfP2Ul" style="vertical-align: bottom"> <td>Aenaos Product Carrier S.A.</td> <td style="text-align: center">10/16/2013</td> <td style="text-align: center">M/T Aristotelis <sup id="xdx_F47_zcPb5C1eseZk">(1)</sup></td> <td style="text-align: center">51,604</td> <td style="text-align: center">11/28/2013</td> <td style="text-align: center">—  </td></tr> <tr id="xdx_41B_20200101__20201231__dei--LegalEntityAxis__custom--BaymontEnterprisesIncorporatedMember_zCHeMW8NFAX6" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Baymont Enterprises Incorporated </td> <td style="text-align: center">05/29/2007</td> <td style="text-align: center">M/T Amore Mio <span style="font-size: 8pt"><sup id="xdx_F48_ztCauGfYwXZ8">(1)</sup></span></td> <td style="text-align: center">159,982</td> <td style="text-align: center">03/27/2008</td> <td style="text-align: center">07/31/2007</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--RossShipmanagementCo.Member_zguMCdnGO0X9" style="vertical-align: bottom"> <td>Ross Shipmanagement Co.</td> <td style="text-align: center">12/29/2003</td> <td style="text-align: center">M/T Attikos <span style="font-size: 8pt"><sup id="xdx_F42_z1yEZMMqzrI4">(2)</sup></span></td> <td style="text-align: center">12,000</td> <td style="text-align: center">09/24/2007</td> <td style="text-align: center">01/20/2005</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--ForbesMaritimeCo.Member_zJ2uOErRHwzf" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Forbes Maritime Co.</td> <td style="text-align: center">02/03/2004</td> <td style="text-align: center">M/T Aristofanis <span style="font-size: 8pt"><sup id="xdx_F49_z9GUiwAdiuee">(2)</sup></span></td> <td style="text-align: center">12,000</td> <td style="text-align: center">04/30/2008</td> <td style="text-align: center">06/02/2005</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--MangoFinanceCorp.Member_zFXNxnrHiyU1" style="vertical-align: bottom"> <td>Mango Finance Corp.</td> <td style="text-align: center">07/14/2006</td> <td style="text-align: center">M/T Agamemnon II <span style="font-size: 8pt"><sup id="xdx_F46_z2OdYeKI94ml">(2)</sup></span></td> <td style="text-align: center">51,238</td> <td style="text-align: center">04/07/2009</td> <td style="text-align: center">11/24/2008</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--MiltiadisMiiCorpMember_zIa31sgWqgw5" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Miltiadis M II Corp.</td> <td style="text-align: center">08/28/2012</td> <td style="text-align: center">—</td> <td style="text-align: center">—  </td> <td style="text-align: center">—  </td> <td style="text-align: center">—  </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt/115% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span id="xdx_F06_zG6qNH1pjhuh" style="font: 9pt Times New Roman, Times, Serif">(1)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span id="xdx_F16_zU7H3aSHdY63" style="font: 9pt Times New Roman, Times, Serif">Vessels were disposed in 2018.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0D_zEGTILKPDzr4" style="width: 15pt; text-align: right"><span style="font: 9pt Times New Roman, Times, Serif">(2)</span></td> <td style="width: 5pt"/> <td id="xdx_F18_zBvuqvMQJup4" style="text-align: justify"><span style="font: 9pt Times New Roman, Times, Serif">Vessels were disposed prior to 2018</span><span style="font: 10pt Times New Roman, Times, Serif">.</span></td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"/> <p style="margin-top: 0; margin-bottom: 0"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: middle; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; width: 24%">Subsidiary</td> <td id="xdx_489_edei--EntityIncorporationDateOfIncorporation_zDSn3NMAIgUe" style="font-weight: bold; text-align: center; width: 11%">Date of Incorporation </td> <td id="xdx_484_ecustom--EntityVesselName_d0_zdSv3FLcgth9" style="font-weight: bold; text-align: center; width: 28%">Name of Vessel Owned by Subsidiary</td> <td id="xdx_481_ecustom--VesselSize_d0_zakbfPQigdbh" style="font-weight: bold; text-align: center; width: 9%">Deadweight “DWT”</td> <td id="xdx_488_ecustom--EntityAcquisitionDateByPartnership_d0_zH5QFbdNz2N6" style="font-weight: bold; text-align: center; width: 10%">Date acquired by the Partnership</td> <td id="xdx_482_ecustom--EntityAcquisitionDateByRelatedParty_zyogLz73gt3f" style="font-weight: bold; text-align: center; width: 18%">Date acquired by Capital Maritime &amp; Trading Corp. (“CMTC”)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td colspan="4" style="text-decoration: underline; font-weight: bold; font-style: italic">Discontinued Operations (Companies part of the Crude and Product tanker business which were spun-off on March 27, 2019)</td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--ShippingRiderCo.Member_zkS03Je5qUCb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Shipping Rider Co.</td> <td style="text-align: center">09/16/2003</td> <td style="text-align: center">M/T Atlantas II</td> <td style="text-align: center">36,760</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">04/26/2006</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--CanveyShipmanagementCo.Member_zHgz2GkD3xI1" style="vertical-align: bottom; background-color: White"> <td>Canvey Shipmanagement Co.</td> <td style="text-align: center">03/18/2004</td> <td style="text-align: center">M/T Assos</td> <td style="text-align: center">47,872</td> <td style="text-align: center">08/16/2010 <br/> 04/04/2007</td> <td style="text-align: center">05/17/2006</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--CenturionNavigationLimitedMember_zWoqhAzTMxO8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Centurion Navigation Limited</td> <td style="text-align: center">08/27/2003</td> <td style="text-align: center">M/T Aktoras</td> <td style="text-align: center">36,759</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">07/12/2006</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--PolarwindMaritimeS.A.Member_zUqSXMnShaBl" style="vertical-align: bottom; background-color: White"> <td>Polarwind Maritime S.A.</td> <td style="text-align: center">10/10/2003</td> <td style="text-align: center">M/T Agisilaos</td> <td style="text-align: center">36,760</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">08/16/2006</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--CarnationShippingCompanyMember_zYiKuTg4wO12" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Carnation Shipping Company </td> <td style="text-align: center">11/10/2003</td> <td style="text-align: center">M/T Arionas</td> <td style="text-align: center">36,725</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">11/02/2006</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--ApollonasShippingCompanyMember_z6TDgMMOsv69" style="vertical-align: bottom; background-color: White"> <td>Apollonas Shipping Company</td> <td style="text-align: center">02/10/2004</td> <td style="text-align: center">M/T Avax</td> <td style="text-align: center">47,834</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">01/12/2007</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--TempestMaritimeInc.Member_zRVi9Ni9pKHf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Tempest Maritime Inc.</td> <td style="text-align: center">09/12/2003</td> <td style="text-align: center">M/T Aiolos</td> <td style="text-align: center">36,725</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">03/02/2007</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--IraklitosShippingCompanyMember_zDezcNDNmgi9" style="vertical-align: bottom; background-color: White"> <td>Iraklitos Shipping Company</td> <td style="text-align: center">02/10/2004</td> <td style="text-align: center">M/T Axios</td> <td style="text-align: center">47,872</td> <td style="text-align: center">04/04/2007</td> <td style="text-align: center">02/28/2007</td></tr> <tr id="xdx_410_20200101__20201231__dei--LegalEntityAxis__custom--EpicurusShippingCompanyMember_z1vOOkuNYKQ4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Epicurus Shipping Company</td> <td style="text-align: center">02/11/2004</td> <td style="text-align: center">M/T Atrotos</td> <td style="text-align: center">47,786</td> <td style="text-align: center">03/01/2010<br/> 05/08/2007</td> <td style="text-align: center">05/08/2007</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--LaredoMaritimeInc.Member_zpQMawO9tjxi" style="vertical-align: bottom; background-color: White"> <td>Laredo Maritime Inc.</td> <td style="text-align: center">02/03/2004</td> <td style="text-align: center">M/T Akeraios</td> <td style="text-align: center">47,781</td> <td style="text-align: center">07/13/2007</td> <td style="text-align: center">07/13/2007</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--LorenzoShipmanagementInc.Member_zfScFa4SrLhc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Lorenzo Shipmanagement Inc.</td> <td style="text-align: center">05/26/2004</td> <td style="text-align: center">M/T Apostolos</td> <td style="text-align: center">47,782</td> <td style="text-align: center">09/20/2007</td> <td style="text-align: center">09/20/2007</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--SplendorShipholdingS.A.Member_ztGuPS84sLoa" style="vertical-align: bottom; background-color: White"> <td>Splendor Shipholding S.A.</td> <td style="text-align: center">07/08/2004</td> <td style="text-align: center">M/T Anemos I</td> <td style="text-align: center">47,782</td> <td style="text-align: center">09/28/2007</td> <td style="text-align: center">09/28/2007</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--SorrelShipmanagementInc.Member_z3lxNuilCE7f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Sorrel Shipmanagement Inc. </td> <td style="text-align: center">02/07/2006</td> <td style="text-align: center">M/T Alexandros II</td> <td style="text-align: center">51,258</td> <td style="text-align: center">01/29/2008</td> <td style="text-align: center">01/29/2008</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--WindDancerShippingInc.Member_zsXVtHjwoNz9" style="vertical-align: bottom; background-color: White"> <td>Wind Dancer Shipping Inc.</td> <td style="text-align: center">02/07/2006</td> <td style="text-align: center">M/T Aristotelis II</td> <td style="text-align: center">51,226</td> <td style="text-align: center">06/17/2008</td> <td style="text-align: center">06/17/2008</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--BelerionMaritimeCo.Member_zR8JQZqdnTfi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Belerion Maritime Co.</td> <td style="text-align: center">01/24/2006</td> <td style="text-align: center">M/T Aris II</td> <td style="text-align: center">51,218</td> <td style="text-align: center">08/20/2008</td> <td style="text-align: center">08/20/2008</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--NavarroInternationalS.A.Member_zf9BbfVwrb6" style="vertical-align: bottom; background-color: White"> <td>Navarro International S.A.</td> <td style="text-align: center">07/14/2006</td> <td style="text-align: center">M/T Ayrton II</td> <td style="text-align: center">51,260</td> <td style="text-align: center">04/13/2009</td> <td style="text-align: center">04/10/2009</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--AdrianShipholdingInc.Member_zrCBXdRsstp5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Adrian Shipholding Inc.</td> <td style="text-align: center">06/22/2004</td> <td style="text-align: center">M/T Alkiviadis</td> <td style="text-align: center">36,721</td> <td style="text-align: center">06/30/2010</td> <td style="text-align: center">03/29/2006</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--CooperConsultantsCo.renamedtoMiltiadisMIICarriersCorp.Member_zLSfSfCPg1K" style="vertical-align: bottom; background-color: White"> <td>Cooper Consultants Co. renamed to Miltiadis M II Carriers Corp.</td> <td style="text-align: center">04/06/2006</td> <td style="text-align: center">M/T Miltiadis M II</td> <td style="text-align: center">162,397</td> <td style="text-align: center">09/30/2011</td> <td style="text-align: center">04/26/2006</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Amoureux Carriers Corp.</td> <td id="xdx_98C_edei--EntityIncorporationDateOfIncorporation_c20200101__20201231__dei--LegalEntityAxis__custom--AmoureuxCarriersCorp.Member_z28r3KstKGp7" style="text-align: center" title="Date of Incorporation">04/14/2010</td> <td id="xdx_985_ecustom--EntityVesselName_c20200101__20201231__dei--LegalEntityAxis__custom--AmoureuxCarriersCorp.Member_z8qWS1hpdNMc" style="text-align: center">M/T Amoureux</td> <td id="xdx_984_ecustom--VesselSize_c20200101__20201231__dei--LegalEntityAxis__custom--AmoureuxCarriersCorp.Member_zTwAnUpfS0R2" style="text-align: center">149,993</td> <td id="xdx_980_ecustom--EntityAcquisitionDateByPartnership_c20200101__20201231__dei--LegalEntityAxis__custom--AmoureuxCarriersCorp.Member_z38EVt3TrTMc" style="text-align: center">09/30/2011</td> <td id="xdx_982_ecustom--EntityAcquisitionDateByRelatedParty_c20200101__20201231__dei--LegalEntityAxis__custom--AmoureuxCarriersCorp.Member_zrhZxFz4lLH" style="text-align: center">—</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Aias Carriers Corp.</td> <td id="xdx_983_edei--EntityIncorporationDateOfIncorporation_c20200101__20201231__dei--LegalEntityAxis__custom--AiasCarriersCorp.Member_z88LTcMfV8d6" style="text-align: center">04/14/2010</td> <td id="xdx_983_ecustom--EntityVesselName_c20200101__20201231__dei--LegalEntityAxis__custom--AiasCarriersCorp.Member_z38gdeZLN2Ze" style="text-align: center">M/T Aias</td> <td id="xdx_985_ecustom--VesselSize_c20200101__20201231__dei--LegalEntityAxis__custom--AiasCarriersCorp.Member_zGRPAYxrJ0Yc" style="text-align: center">150,393</td> <td id="xdx_986_ecustom--EntityAcquisitionDateByPartnership_c20200101__20201231__dei--LegalEntityAxis__custom--AiasCarriersCorp.Member_zswnmaYWZCn4" style="text-align: center">09/30/2011</td> <td id="xdx_989_ecustom--EntityAcquisitionDateByRelatedParty_c20200101__20201231__dei--LegalEntityAxis__custom--AiasCarriersCorp.Member_zSCIdP1pF34h" style="text-align: center">—</td></tr> <tr id="xdx_410_20200101__20201231__dei--LegalEntityAxis__custom--IsiodosProductCarrierS.A.Member_zZaxjk26pjek" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Isiodos Product Carrier S.A. </td> <td style="text-align: center">05/31/2013</td> <td style="text-align: center">M/T Active</td> <td style="text-align: center">50,136</td> <td style="text-align: center">03/31/2015</td> <td style="text-align: center">03/31/2015</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--TitanasProductCarrierS.A.Member_zvB1yhhuoBX5" style="vertical-align: bottom; background-color: White"> <td>Titanas Product Carrier S.A. </td> <td style="text-align: center">05/31/2013</td> <td style="text-align: center">M/T Amadeus</td> <td style="text-align: center">50,108</td> <td style="text-align: center">06/30/2015</td> <td style="text-align: center">06/30/2015</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--FilonikisProductCarrierS.A.Member_z7U0fA2Ae59b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Filonikis Product Carrier S.A.</td> <td style="text-align: center">05/31/2013</td> <td style="text-align: center">M/T Amor</td> <td style="text-align: center">49,999</td> <td style="text-align: center">10/24/2016</td> <td style="text-align: center">09/30/2015</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--AsteriasCrudeCarrierS.A.Member_zIRxsTP8c0U9" style="vertical-align: bottom; background-color: White"> <td>Asterias Crude Carrier S.A. </td> <td style="text-align: center">07/13/2015</td> <td style="text-align: center">M/T Aristaios</td> <td style="text-align: center">113,689</td> <td style="text-align: center">01/17/2018</td> <td style="text-align: center">01/10/2017</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--IasonProductCarrierS.A.Member_ztUYySqdzmBl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Iason Product Carrier S.A.</td> <td style="text-align: center">08/28/2013</td> <td style="text-align: center">M/T Anikitos</td> <td style="text-align: center">50,082</td> <td style="text-align: center">05/04/2018</td> <td style="text-align: center">06/21/2016</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--AthenaSpinCoIncMember_zWHgyziZyDQ9" style="background-color: White"> <td id="xdx_F4F_ziUj1wLWuRf9" style="vertical-align: bottom">Athena SpinCo Inc.*</td> <td style="vertical-align: bottom; text-align: center">11/14/2018</td> <td style="vertical-align: bottom; text-align: center">—</td> <td style="vertical-align: middle; text-align: center">—  </td> <td style="vertical-align: top; text-align: center">__</td> <td style="vertical-align: top; text-align: center">__</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--AthenaMergerCo1IncMember_zuIgeJstqFjh" style="background-color: rgb(204,238,255)"> <td id="xdx_F48_zibFCcxCLi4l" style="vertical-align: bottom">Athena MergerCo 1 Inc. *</td> <td style="vertical-align: bottom; text-align: center">11/14/2018</td> <td style="vertical-align: bottom; text-align: center">—</td> <td style="vertical-align: middle; text-align: center">—  </td> <td style="vertical-align: top; text-align: center">__</td> <td style="vertical-align: top; text-align: center">__</td></tr> <tr id="xdx_41D_20200101__20201231__dei--LegalEntityAxis__custom--AthenaMergerCo2IncMember_zwWZryfNdjM8" style="background-color: White"> <td id="xdx_F47_zQJ8eeIXWzmf" style="vertical-align: bottom">Athena MergerCo 2 Inc. *</td> <td style="vertical-align: bottom; text-align: center">11/14/2018</td> <td style="text-align: center; vertical-align: middle">—</td> <td style="vertical-align: middle; text-align: center">—  </td> <td style="vertical-align: middle; text-align: center">__</td> <td style="vertical-align: middle; text-align: center">__</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--AthenaMergerCo3LLCMember_zXFW42fefFC1" style="background-color: rgb(204,238,255)"> <td id="xdx_F49_zTqlCR29iBO2" style="vertical-align: bottom">Athena MergerCo 3 LLC. *</td> <td style="vertical-align: bottom; text-align: center">11/14/2018</td> <td style="vertical-align: bottom; text-align: center">—</td> <td style="vertical-align: middle; text-align: center">—  </td> <td style="vertical-align: middle; text-align: center">__</td> <td style="vertical-align: middle; text-align: center">__</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--AthenaMergerCo4LLCMember_z9lFl1rFJd89" style="background-color: White"> <td id="xdx_F48_zOrvzJCqLlv5" style="vertical-align: bottom">Athena MergerCo 4 LLC *</td> <td style="vertical-align: bottom; text-align: center">11/14/2018</td> <td style="vertical-align: bottom; text-align: center">—</td> <td style="vertical-align: middle; text-align: center">—  </td> <td style="vertical-align: middle; text-align: center">__</td> <td style="vertical-align: middle; text-align: center">__</td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"/> <p style="margin-top: 0; margin-bottom: 0"/> <p style="margin-top: 0; margin-bottom: 0"/> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"/> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"/> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 35pt; text-align: right"><span id="xdx_F09_zc20acBywMo5" style="font: 10pt Times New Roman, Times, Serif">*</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span id="xdx_F13_zxx90y60kSpj" style="font: 9pt Times New Roman, Times, Serif">Companies established for the purpose of the agreement between the Partnership and DSS.</span></td> </tr></table> 2007-01-16 — —   —   —   2009-10-29 — —   09/30/2011 —   2010-01-21 — —   09/30/2011 —   2008-06-17 M/V Cape Agamemnon 179,221 06/09/2011 01/25/2011 2012-04-19 M/V Agamemnon 108,892 12/22/2012 06/28/2012 2012-04-19 M/V Archimidis 108,892 12/22/2012 06/22/2012 2011-04-08 M/V Hyundai Prestige 63,010 09/11/2013 02/19/2013 2011-04-08 M/V Hyundai Premium 63,010 03/20/2013 03/11/2013 2011-04-08 M/V Hyundai Paramount 63,010 03/27/2013 03/27/2013 2011-04-08 M/V Hyundai Privilege 63,010 09/11/2013 05/31/2013 2011-07-19 M/V Hyundai Platinum 63,010 09/11/2013 06/14/2013 2013-05-16 M/V Akadimos (ex CMA CGM Amazon)  115,534 06/10/2015 06/10/2015 2013-05-16 M/V Adonis (ex CMA CGM Uruguay) 115,639 09/18/2015 09/18/2015 2013-10-25 M/V CMA CGM Magdalena 115,639 02/26/2016 02/26/2016 2017-03-28 M/V Athenian 118,835 01/22/2020 04/28/2017 2017-03-28 M/V Athos 118,888 01/23/2020 05/19/2017 2017-03-28 M/V Aristomenis 118,712 01/23/2020 06/27/2017 2013-10-16 M/T Aristotelis (1) 51,604 11/28/2013 —   2007-05-29 M/T Amore Mio (1) 159,982 03/27/2008 07/31/2007 2003-12-29 M/T Attikos (2) 12,000 09/24/2007 01/20/2005 2004-02-03 M/T Aristofanis (2) 12,000 04/30/2008 06/02/2005 2006-07-14 M/T Agamemnon II (2) 51,238 04/07/2009 11/24/2008 2012-08-28 — —   —   —   2003-09-16 2003-09-16 M/T Atlantas II M/T Atlantas II 36,760 36,760 04/04/2007 04/04/2007 04/26/2006 04/26/2006 2004-03-18 2004-03-18 M/T Assos M/T Assos 47,872 47,872 08/16/2010 <br/> 04/04/2007 08/16/2010 <br/> 04/04/2007 05/17/2006 05/17/2006 2003-08-27 2003-08-27 M/T Aktoras M/T Aktoras 36,759 36,759 04/04/2007 04/04/2007 07/12/2006 07/12/2006 2003-10-10 2003-10-10 M/T Agisilaos M/T Agisilaos 36,760 36,760 04/04/2007 04/04/2007 08/16/2006 08/16/2006 2003-11-10 2003-11-10 M/T Arionas M/T Arionas 36,725 36,725 04/04/2007 04/04/2007 11/02/2006 11/02/2006 2004-02-10 2004-02-10 M/T Avax M/T Avax 47,834 47,834 04/04/2007 04/04/2007 01/12/2007 01/12/2007 2003-09-12 2003-09-12 M/T Aiolos M/T Aiolos 36,725 36,725 04/04/2007 04/04/2007 03/02/2007 03/02/2007 2004-02-10 2004-02-10 M/T Axios M/T Axios 47,872 47,872 04/04/2007 04/04/2007 02/28/2007 02/28/2007 2004-02-11 2004-02-11 M/T Atrotos M/T Atrotos 47,786 47,786 03/01/2010<br/> 05/08/2007 03/01/2010<br/> 05/08/2007 05/08/2007 05/08/2007 2004-02-03 2004-02-03 M/T Akeraios M/T Akeraios 47,781 47,781 07/13/2007 07/13/2007 07/13/2007 07/13/2007 2004-05-26 2004-05-26 M/T Apostolos M/T Apostolos 47,782 47,782 09/20/2007 09/20/2007 09/20/2007 09/20/2007 2004-07-08 2004-07-08 M/T Anemos I M/T Anemos I 47,782 47,782 09/28/2007 09/28/2007 09/28/2007 09/28/2007 2006-02-07 2006-02-07 M/T Alexandros II M/T Alexandros II 51,258 51,258 01/29/2008 01/29/2008 01/29/2008 01/29/2008 2006-02-07 2006-02-07 M/T Aristotelis II M/T Aristotelis II 51,226 51,226 06/17/2008 06/17/2008 06/17/2008 06/17/2008 2006-01-24 2006-01-24 M/T Aris II M/T Aris II 51,218 51,218 08/20/2008 08/20/2008 08/20/2008 08/20/2008 2006-07-14 2006-07-14 M/T Ayrton II M/T Ayrton II 51,260 51,260 04/13/2009 04/13/2009 04/10/2009 04/10/2009 2004-06-22 2004-06-22 M/T Alkiviadis M/T Alkiviadis 36,721 36,721 06/30/2010 06/30/2010 03/29/2006 03/29/2006 2006-04-06 2006-04-06 M/T Miltiadis M II M/T Miltiadis M II 162,397 162,397 09/30/2011 09/30/2011 04/26/2006 04/26/2006 2010-04-14 M/T Amoureux 149,993 09/30/2011 — 2010-04-14 M/T Aias 150,393 09/30/2011 — 2013-05-31 2013-05-31 M/T Active M/T Active 50,136 50,136 03/31/2015 03/31/2015 03/31/2015 03/31/2015 2013-05-31 2013-05-31 M/T Amadeus M/T Amadeus 50,108 50,108 06/30/2015 06/30/2015 06/30/2015 06/30/2015 2013-05-31 2013-05-31 M/T Amor M/T Amor 49,999 49,999 10/24/2016 10/24/2016 09/30/2015 09/30/2015 2015-07-13 2015-07-13 M/T Aristaios M/T Aristaios 113,689 113,689 01/17/2018 01/17/2018 01/10/2017 01/10/2017 2013-08-28 2013-08-28 M/T Anikitos M/T Anikitos 50,082 50,082 05/04/2018 05/04/2018 06/21/2016 06/21/2016 2018-11-14 2018-11-14 — — —   —   __ __ __ __ 2018-11-14 2018-11-14 — — —   —   __ __ __ __ 2018-11-14 2018-11-14 — — —   —   __ __ __ __ 2018-11-14 2018-11-14 — — —   —   __ __ __ __ 2018-11-14 2018-11-14 — — —   —   __ __ __ __ <p id="xdx_80E_eus-gaap--SignificantAccountingPoliciesTextBlock_zDzymN5JkPc2" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>2. <span id="xdx_828_zbtcGJvoloA9">Significant Accounting Policies</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p id="xdx_842_eus-gaap--ConsolidationPolicyTextBlock_zQMg5JXmzcgh" style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(a)</i></b></span> <span style="font: 10pt Times New Roman, Times, Serif"><b><i><span id="xdx_865_zN3NuvEJN4Xa">Principles of Consolidation</span></i>:</b> The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and include the accounts of the legal entities comprising the Partnership as discussed in Note 1. Intra-group balances and transactions have been eliminated upon consolidation.</span></p> <p id="xdx_843_eus-gaap--UseOfEstimates_zCPNyPcYLagl" style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(b)</i></b></span> <span style="font: 10pt Times New Roman, Times, Serif"><b><i><span id="xdx_861_zIotUD3DdRdg">Use of Estimates</span>:</i></b> The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the amounts of revenues and expenses recognized during the reporting period. Actual results could differ from those estimates.</span></p> <p id="xdx_847_ecustom--RevenueAndExpenseRecognitionPolicyTextBlock_zqLr0EeQTJyh" style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(c) <span id="xdx_869_zQ64kRWZkGZ4">Accounting for Revenue, Voyage and Operating Expenses</span>: </i></b>The Partnership generates its revenues from charterers for the charter hire of its vessels. Vessels are chartered on time or voyage charters.   The time charter contracts are considered operating leases and therefore fall under the scope of Accounting Standard Codification (“ASC”) 842 and the voyage charter contracts fall under the scope of ASC 606. </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><b>Time charters contracts</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">A time charter is a contract for the use of a vessel for a specific period of time and a specified daily charter hire rate, which is generally payable in advance. A time charter generally provides typical warranties and owner protective restrictions. The performance obligations in a time charter are satisfied over the term of the contract beginning when the vessel is delivered to the charterer until it is redelivered back to the owner of the vessel. The time charter contracts are considered operating leases because (i) the vessel is an identifiable asset (ii) the owner of the vessel does not have substantive substitution rights and (iii) the charterer has the right to control the use of the vessel during the term of the contract and derives the economic benefits from such use. Revenues from time charters are recognized ratably on a straight line basis over the period of the respective charter. Under time charter agreements, all voyages expenses, except commissions are assumed by the charterer. Operating costs incurred for running the vessel such as crew costs, vessel insurance, repairs and maintenance and lubricants are paid by the Partnership under time charter agreements.</p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 0pt">The transition guidance associated with ASC 842 allows for certain practical expedients to the lessors. The Partnership elected to not separate the lease and non-lease components included in the time charter revenue because the pattern of revenue recognition for the lease and non-lease components (included in the daily hire rate) is the same and the lease component, if accounted for separately, would be classified as an operating lease. The daily hire rate represents the hire rate for a time charter as well as the compensation for expenses for operating and maintaining the vessel such as crew costs, vessel insurance, repairs and maintenance and lubricants. Both the lease and non-lease components are earned by passage of time. The Partnership adopted ASC 842 for the reporting period commencing on January 1, 2019 using the modified retrospective method and elected the practical expedients under Accounting Standards Update (“ASU”) 2018-11 for the vessels under time charter agreements. Furthermore, the Partnership applied the transition provisions of ASU 2016-02 at its adoption date, rather than the earliest comparative period presented in the financial statements, as permitted by ASU 2018-11. The nature of the lease component and non-lease component that were combined as a result of applying the practical expedient are the contract for the hire of a vessel and the fees for operating and maintaining the vessel respectively. The lease component is the predominant component and the Partnership accounts for the combined component as an operating lease in accordance with Topic 842. The Partnership applied topic 842 with no significant impact on its financial statements and as a result no adjustment was posted in the Partnership’s opening retained earnings as of January 1, 2019.</p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Voyage charters contracts</b></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">A voyage charter is a contract in which the vessel owner undertakes to transport a specific amount and type of cargo on a load port-to-discharge port basis, subject to various cargo handling terms. The Partnership accounts for a voyage charter when all the following criteria are met: (1) the parties to the contract have approved the contract in the form of a written charter agreement and are committed to perform their respective obligations, (2) the Partnership can identify each party’s rights regarding the services to be transferred, (3) the Partnership can identify the payment terms for the services to be transferred, (4) the charter agreement has commercial substance (that is, the risk, timing, or amount of the Partnership’s future cash flows is expected to change as a result of the contract) and (5) it is probable that the Partnership will collect substantially all of the consideration to which it will be entitled in exchange for the services that will be transferred to the charterer. The Partnership determined that its voyage charters consist of a single performance obligation which is met evenly as the voyage progresses and begin to be satisfied once the vessel is ready to load the cargo. The voyage charter party agreement generally has a demurrage clause according to which the charterer reimburses the vessel owner for any potential delays exceeding the allowed lay-time as per the charter party clause at the ports visited which is recorded as demurrage revenue. Demurrage revenues are recognized starting from the point that is determined that the amount can be estimated and its collection is probable and on a straight line basis until the end of the voyage. Revenues from voyage charters are recognized on a straight line basis over the voyage duration which commences once the vessel is ready to load the cargo and terminates upon the completion of the discharge of the cargo.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">In voyage charters, vessel operating and voyage expenses are paid for by the Partnership. The voyage charters are considered service contracts which fall under the provisions of ASC 606 because the Partnership retains control over the operations of the vessels such as the routes taken or the vessels’ speed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">Payment terms under voyage charters are disclosed in the relevant voyage charter agreements and generally have standard payment terms of 90% to 95% of the freight which is paid within three days after the completion of the vessel’s loading.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0pt"/> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 0pt">Under ASC 606, receivables represent an entity’s unconditional right to consideration, whether billed or unbilled.</p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessel voyage expenses are direct expenses to voyage revenues and primarily consist of brokerage commissions, port expenses, canal dues and bunkers. Brokerage commissions are paid to shipbrokers for their time and efforts for negotiating and arranging charter party agreements on behalf of the Partnership and are expensed over the related charter period. All other voyage expenses are expensed as incurred, except for expenses during the ballast portion of the voyage (period between the contract date and the date of the vessel’s arrival to the load port). Any expenses incurred during the ballast portion of the voyage such as bunker expenses, canal tolls and port expenses are deferred and are recognized on a straight-line basis, in voyage expenses, over the voyage duration as the Partnership satisfies the performance obligations under the contract provided these costs are (1) incurred to fulfill a contract that we can specifically identify, (2) able to generate or enhance resources of the company that will be used to satisfy performance of the terms of the contract, and (3) expected to be recovered from the charterer. These costs are considered ‘contract fulfillment costs’ and are included in ‘prepayments and other assets’ in the consolidated balance sheets. Vessel operating expenses presented in the consolidated financial statements mainly consist of management fees payable to the Partnership’s managers and crew, repairs and maintenance, insurance, stores, spares, lubricants and other operating expenses. Vessel operating expenses are expensed as incurred.</span></p> <p id="xdx_84A_eus-gaap--ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_zXMFJSJwHr39" style="font: 8pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(d) <span id="xdx_867_zSAFTYGIe6W9">Foreign Currency Transactions</span>:</i></b> The functional currency of the Partnership is the U.S. Dollar because the Partnership’s vessels operate in international shipping markets that utilize the U.S. Dollar as the functional currency. The accounting records of the Partnership are maintained in U.S. Dollars. Transactions involving other currencies during the year are converted into U.S. Dollars using the exchange rates in effect at the time of the transactions. At the balance sheet dates, monetary assets and liabilities, which are denominated in currencies other than the U.S. Dollar, are translated into the functional currency using the exchange rate at those dates. Gains or losses resulting from foreign currency transactions are included in “Other (expense) / income” in the consolidated statements of comprehensive income / (loss).</span></p> <p id="xdx_84B_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_zXfiZPazYMpk" style="font: 8pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif">  </span></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(e) <span id="xdx_86C_zpP5b7w1NnTk">Cash and Cash Equivalents</span></i></b></span><b><i><span style="font: 10pt Times New Roman, Times, Serif">: </span></i></b><span style="font: 10pt Times New Roman, Times, Serif">The Partnership considers highly liquid investments such as time deposits and certificates of deposit with an original maturity of <span id="xdx_905_ecustom--MaximumOriginalMaturityOfHighlyLiquidInvestmentsClassificationCashAndCashEquivalents_dc_uPure_c20200101__20201231_zeEt0FcyjECl">three </span></span><span style="font: 10pt Times New Roman, Times, Serif">months or less to be cash equivalents.</span></p> <p id="xdx_841_eus-gaap--CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_zhtLca6Sfku6" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(f) <span id="xdx_86C_zTAp4oLphnGe">Restricted cash</span>:</i></b> For the Partnership to comply with debt covenants under its credit facilities and financing arrangements, it must maintain minimum cash deposits. Such deposits are considered by the Partnership to be restricted cash.</span></p> <p id="xdx_843_eus-gaap--ReceivablesPolicyTextBlock_zUIO1sJEVSwk" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(g) <span id="xdx_865_zUZLwpZfeLy1">Trade Accounts Receivable</span>:</i></b> The amount shown as trade accounts receivable primarily consists of earned revenue that has not been billed yet or that has been billed but not yet collected. At each balance sheet date all potentially uncollectible accounts are assessed individually for purposes of determining the appropriate write off. For the year ended December 31, 2020 and 2019 the respective write off amounted to $<span id="xdx_900_eus-gaap--ProvisionForDoubtfulAccounts_c20200101__20201231_znKS3HWP0w2d" title="Write off of doubtful accounts">174</span> and $<span id="xdx_90E_eus-gaap--ProvisionForDoubtfulAccounts_c20190101__20191231_zNPA37S517u3">6</span>, respectively. </span></p> <p id="xdx_849_eus-gaap--InventoryPolicyTextBlock_zdvT4b2qW7e" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(h) <span id="xdx_860_zmdn7Nqsn68e">Inventories</span>:</i></b> Inventories consist of consumable bunkers, lubricants, spares and stores and are stated at the lower of cost and net realizable value. Net realizable value is the estimated selling prices less reasonably predictable costs of disposal and transportation. The cost is determined by the first-in, first-out method.</span></p> <p id="xdx_84F_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_zfc3UsaKVwd7" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(i) <span id="xdx_861_z5AfN4fPBhn6">Vessels Held for Sale</span>:</i></b> The Partnership classifies vessels as being held for sale when the following criteria are met: (i) management is committed to sell the asset; (ii) the asset is available for immediate sale in its present condition; (iii) an active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated; (iv) the sale of the asset is probable, and transfer of the asset is expected to qualify for recognition as a completed sale within one year; (v) the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.</span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessels classified as held for sale are measured at the lower of their carrying amount or fair value less costs to sell. These vessels are not depreciated once they meet the criteria to be classified as held for sale.</span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">If a plan to sell a vessel is cancelled, the Partnership reclassifies the vessel as held for use and re-measures it at the lower of (i) its carrying amount before the vessel was classified as held for sale, adjusted for any depreciation expense that would have been recognized if the vessel had been continuously classified as held and used and (ii) its fair value at the date of the subsequent decision not to sell.</span></p> <p id="xdx_84D_ecustom--VesselCostPolicyTextBlock_zS3S84OMYXI7" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"><b> </b></span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(j) <span id="xdx_86D_z7gSOzfHh1Fi">Fixed Assets</span>:</i></b> Fixed assets consist of vessels, which are stated at cost, less accumulated depreciation. Vessel cost consists of the contract price for the vessel, any material expenses incurred during their construction (improvements and delivery expenses, on-site supervision costs incurred during the construction periods, as well as capitalized interest expense during the construction period). Certain subsequent expenditures for major improvements and regulatory requirements are also capitalized if it is determined that they appreciably extend the life, increase the earning capacity or improve the efficiency or safety of the vessels. Vessels acquired through acquisition of businesses are recorded at their acquisition date fair values. Vessels acquired through asset acquisitions are recorded at cost. The cost of each of the Partnership’s vessels is depreciated, beginning when the vessel is ready for its intended use, on a straight-line basis over the vessel’s remaining economic useful life, after considering the estimated residual value. Management estimates the scrap value of the Partnership’s vessels to be $<span id="xdx_904_ecustom--ScrapValuePerLightWeightTon_c20200101__20201231_zoFsbPENke52" title="Scrap value per light weight ton (LWT)">0.2</span> per light weight ton (LWT) and useful life to be <span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20200101__20201231_zniTxVhyXdck" title="Vessels useful life">25</span> years.</span></p> <p id="xdx_844_eus-gaap--PropertyPlantAndEquipmentImpairment_ziIWq5pdMIgc" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(k) <span id="xdx_866_zdOSWURQoJ62">Impairment of Long-lived Assets</span>:</i></b> An impairment loss on long-lived assets is recognized when indicators of impairment are present and the carrying amount of the long-lived asset is greater than its fair value and not believed to be recoverable. In determining future benefits derived from use of long-lived assets, the Partnership performs an analysis of the anticipated undiscounted future net cash flows of the related long-lived assets. If the carrying value of the asset, including any related intangible assets and liabilities, exceeds its undiscounted future net cash flows, the carrying value is reduced to its fair value. Various factors including future charter rates and vessel operating costs are included in this analysis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0pt 0pt"><span style="font: 10pt Times New Roman, Times, Serif">In recent years, changing market conditions resulted in a decrease in charter rates and values of assets. The Partnership considered these market developments as indicators of potential impairment of the carrying amount of its long-lived assets. The Partnership has performed an undiscounted cash flow test based on U.S. GAAP as of December 31, 2020 and 2019, determining undiscounted projected net operating cash flows for the vessels and comparing them to the carrying values of the vessels, and any related intangible assets and liabilities. In developing estimates of future cash flows, the Partnership made assumptions about future charter rates, utilization rates, vessel operating expenses, future dry docking costs, the estimated remaining useful life of the vessels and their estimated residual value. These assumptions are based on historical trends as well as future expectations that are in line with the Partnership’s historical performance and expectations for the vessels’ utilization under the current deployment strategy. Based on these assumptions, the Partnership determined that the vessels held for use and their related intangible assets and liabilities were not impaired as of December 31, 2020 and 2019.</span></p> <p id="xdx_848_eus-gaap--DeferredChargesPolicyTextBlock_zIpkrPTqD8b8" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(l) <span id="xdx_861_zgxOWbq7a284">Deferred charges, net</span>:</i></b> Deferred charges, net are comprised mainly of dry docking costs. The Partnership’s vessels are required to be dry docked every <span id="xdx_902_ecustom--IntervalBetweenVesselDrydocking_dc_uPure_c20200101__20201231__srt--RangeAxis__srt--MinimumMember_z9Nu50TeTA57" title="Interval between vessel drydocking">thirty</span> to <span id="xdx_909_ecustom--IntervalBetweenVesselDrydocking_dc_uPure_c20200101__20201231__srt--RangeAxis__srt--MaximumMember_zFcHgdSyw1S6" title="Interval between vessel drydocking">sixty</span> months for major repairs and maintenance that cannot be performed while the vessels are under operation. The Partnership has adopted the deferral method of accounting for dry docking activities whereby costs incurred are deferred and amortized on a straight line basis over the period until the next scheduled dry docking activity.</span></p> <p id="xdx_84D_eus-gaap--IntangibleAssetsFiniteLivedPolicy_zF4sgMocAAPl" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(m) <span id="xdx_863_zjCO4wVqa5Q7">Intangible assets</span>:</i></b> The Partnership records all identified tangible and intangible assets or any liabilities associated with the acquisition of a business or an asset at fair value. When a vessel or a business that owns a vessel is acquired with an existing charter agreement, the Partnership considers whether any value should be assigned to the attached charter agreement acquired. The value to be assigned to the charter agreement is based on the difference of the contractual charter rate of the agreement acquired and the prevailing market rate for a charter of equivalent duration at the time of the acquisition, determined by independent appraisers as at that date. The resulting above-market (assets) or below-market (liabilities) charters are amortized using the straight line method as a reduction or increase, respectively, to revenues over the remaining term of the charters (Note 7).</span></p> <p id="xdx_848_ecustom--NetIncomePerLimitedPartnerUnitPolicy_zJ678gkVJFye" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(n) <span id="xdx_868_zxrwM0LTAUhf">Net Income Per Limited Partner Unit</span>:</i></b> Basic net income per limited partner unit is calculated by dividing the Partnership’s net income less net income allocable to preferred unit holders, general partner’s interest in net income (including incentive distribution rights (“IDR”)) and net income allocable to unvested units, by the weighted-average number of common units outstanding during the period (Note 15). Diluted net income per limited partner unit reflects the potential dilution that could occur if securities or other contracts to issue limited partner units were exercised.</span></p> <p id="xdx_845_eus-gaap--SegmentReportingPolicyPolicyTextBlock_zG7qgUlAGwSf" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(o) <span id="xdx_86D_zABcawZBfGD1">Segment Reporting</span>:</i></b> The Partnership reports financial information and evaluates its operations by charter revenues and not by the length, type of vessel or type of ship employment for its customers, i.e. time or bareboat charters. The Partnership does not use discrete financial information to evaluate the operating results for each such type of charter or vessel. Although revenue can be identified for these types of charters or vessels, management cannot and does not identify expenses, profitability or other financial information for these various types of charters or vessels. As a result, management, including the chief operating decision maker, reviews operating results solely by revenue per day and operating results of the fleet, and thus the Partnership has determined that it operates as <span title="Number of reportable segments"><span id="xdx_90A_eus-gaap--NumberOfReportableSegments_dc_uPure_c20200101__20201231_zKVxhOEyTqk2" title="Number of reportable segments">one</span></span> reportable segment. Furthermore, when the Partnership charters a vessel to a charterer, the charterer is free to trade the vessel worldwide and, as a result, the disclosure of geographic information is impracticable.</span></p> <p id="xdx_844_eus-gaap--ShareBasedCompensationOptionAndIncentivePlansPolicy_zVPFYw6x5ead" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(p) <span id="xdx_86B_zIGLwcWqOXSi">Omnibus Incentive Compensation Plan</span>:</i></b> Equity compensation expense represents vested and unvested units granted to employees and to non-employee directors, for their services as directors, as well as to non-employees and are included in general and administrative expenses in the consolidated statements of comprehensive income / (loss). These units are measured at their fair value equal to the market value of the Partnership’s common units on the grant date. The units that contain a time-based service vesting condition are considered unvested units on the grant date and the total fair value of such units is recognized on a straight-line basis over the requisite service period (Note 14).  </span></p> <p id="xdx_848_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zH2OsKUUcVt" style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(q) <span id="xdx_861_zBs6e9mVy445">Recent Accounting Pronouncements</span>: </i></b>In March 2020, the Financial Standard Board issued ASU No. 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU 2020-04”)”. ASU 2020-04 provides temporary optional expedients and exceptions to the guidance in U.S. GAAP on contract modifications and hedge accounting to ease the financial reporting burdens related to expected market transition from LIBOR and other interbank offered rates to alternative reference rates. This ASU is effective for adoption at any time between March 12, 2020 and December 31, 2022. The Partnership is currently evaluating the impact of this adoption in its consolidated financial statements and related disclosures.</span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"/> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 0pt"><b/></p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><b/></p> <p id="xdx_842_eus-gaap--ConsolidationPolicyTextBlock_zQMg5JXmzcgh" style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(a)</i></b></span> <span style="font: 10pt Times New Roman, Times, Serif"><b><i><span id="xdx_865_zN3NuvEJN4Xa">Principles of Consolidation</span></i>:</b> The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and include the accounts of the legal entities comprising the Partnership as discussed in Note 1. Intra-group balances and transactions have been eliminated upon consolidation.</span></p> <p id="xdx_843_eus-gaap--UseOfEstimates_zCPNyPcYLagl" style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(b)</i></b></span> <span style="font: 10pt Times New Roman, Times, Serif"><b><i><span id="xdx_861_zIotUD3DdRdg">Use of Estimates</span>:</i></b> The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the amounts of revenues and expenses recognized during the reporting period. Actual results could differ from those estimates.</span></p> <p id="xdx_847_ecustom--RevenueAndExpenseRecognitionPolicyTextBlock_zqLr0EeQTJyh" style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(c) <span id="xdx_869_zQ64kRWZkGZ4">Accounting for Revenue, Voyage and Operating Expenses</span>: </i></b>The Partnership generates its revenues from charterers for the charter hire of its vessels. Vessels are chartered on time or voyage charters.   The time charter contracts are considered operating leases and therefore fall under the scope of Accounting Standard Codification (“ASC”) 842 and the voyage charter contracts fall under the scope of ASC 606. </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><b>Time charters contracts</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">A time charter is a contract for the use of a vessel for a specific period of time and a specified daily charter hire rate, which is generally payable in advance. A time charter generally provides typical warranties and owner protective restrictions. The performance obligations in a time charter are satisfied over the term of the contract beginning when the vessel is delivered to the charterer until it is redelivered back to the owner of the vessel. The time charter contracts are considered operating leases because (i) the vessel is an identifiable asset (ii) the owner of the vessel does not have substantive substitution rights and (iii) the charterer has the right to control the use of the vessel during the term of the contract and derives the economic benefits from such use. Revenues from time charters are recognized ratably on a straight line basis over the period of the respective charter. Under time charter agreements, all voyages expenses, except commissions are assumed by the charterer. Operating costs incurred for running the vessel such as crew costs, vessel insurance, repairs and maintenance and lubricants are paid by the Partnership under time charter agreements.</p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 0pt">The transition guidance associated with ASC 842 allows for certain practical expedients to the lessors. The Partnership elected to not separate the lease and non-lease components included in the time charter revenue because the pattern of revenue recognition for the lease and non-lease components (included in the daily hire rate) is the same and the lease component, if accounted for separately, would be classified as an operating lease. The daily hire rate represents the hire rate for a time charter as well as the compensation for expenses for operating and maintaining the vessel such as crew costs, vessel insurance, repairs and maintenance and lubricants. Both the lease and non-lease components are earned by passage of time. The Partnership adopted ASC 842 for the reporting period commencing on January 1, 2019 using the modified retrospective method and elected the practical expedients under Accounting Standards Update (“ASU”) 2018-11 for the vessels under time charter agreements. Furthermore, the Partnership applied the transition provisions of ASU 2016-02 at its adoption date, rather than the earliest comparative period presented in the financial statements, as permitted by ASU 2018-11. The nature of the lease component and non-lease component that were combined as a result of applying the practical expedient are the contract for the hire of a vessel and the fees for operating and maintaining the vessel respectively. The lease component is the predominant component and the Partnership accounts for the combined component as an operating lease in accordance with Topic 842. The Partnership applied topic 842 with no significant impact on its financial statements and as a result no adjustment was posted in the Partnership’s opening retained earnings as of January 1, 2019.</p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Voyage charters contracts</b></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">A voyage charter is a contract in which the vessel owner undertakes to transport a specific amount and type of cargo on a load port-to-discharge port basis, subject to various cargo handling terms. The Partnership accounts for a voyage charter when all the following criteria are met: (1) the parties to the contract have approved the contract in the form of a written charter agreement and are committed to perform their respective obligations, (2) the Partnership can identify each party’s rights regarding the services to be transferred, (3) the Partnership can identify the payment terms for the services to be transferred, (4) the charter agreement has commercial substance (that is, the risk, timing, or amount of the Partnership’s future cash flows is expected to change as a result of the contract) and (5) it is probable that the Partnership will collect substantially all of the consideration to which it will be entitled in exchange for the services that will be transferred to the charterer. The Partnership determined that its voyage charters consist of a single performance obligation which is met evenly as the voyage progresses and begin to be satisfied once the vessel is ready to load the cargo. The voyage charter party agreement generally has a demurrage clause according to which the charterer reimburses the vessel owner for any potential delays exceeding the allowed lay-time as per the charter party clause at the ports visited which is recorded as demurrage revenue. Demurrage revenues are recognized starting from the point that is determined that the amount can be estimated and its collection is probable and on a straight line basis until the end of the voyage. Revenues from voyage charters are recognized on a straight line basis over the voyage duration which commences once the vessel is ready to load the cargo and terminates upon the completion of the discharge of the cargo.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">In voyage charters, vessel operating and voyage expenses are paid for by the Partnership. The voyage charters are considered service contracts which fall under the provisions of ASC 606 because the Partnership retains control over the operations of the vessels such as the routes taken or the vessels’ speed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">Payment terms under voyage charters are disclosed in the relevant voyage charter agreements and generally have standard payment terms of 90% to 95% of the freight which is paid within three days after the completion of the vessel’s loading.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0pt"/> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 0pt">Under ASC 606, receivables represent an entity’s unconditional right to consideration, whether billed or unbilled.</p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessel voyage expenses are direct expenses to voyage revenues and primarily consist of brokerage commissions, port expenses, canal dues and bunkers. Brokerage commissions are paid to shipbrokers for their time and efforts for negotiating and arranging charter party agreements on behalf of the Partnership and are expensed over the related charter period. All other voyage expenses are expensed as incurred, except for expenses during the ballast portion of the voyage (period between the contract date and the date of the vessel’s arrival to the load port). Any expenses incurred during the ballast portion of the voyage such as bunker expenses, canal tolls and port expenses are deferred and are recognized on a straight-line basis, in voyage expenses, over the voyage duration as the Partnership satisfies the performance obligations under the contract provided these costs are (1) incurred to fulfill a contract that we can specifically identify, (2) able to generate or enhance resources of the company that will be used to satisfy performance of the terms of the contract, and (3) expected to be recovered from the charterer. These costs are considered ‘contract fulfillment costs’ and are included in ‘prepayments and other assets’ in the consolidated balance sheets. Vessel operating expenses presented in the consolidated financial statements mainly consist of management fees payable to the Partnership’s managers and crew, repairs and maintenance, insurance, stores, spares, lubricants and other operating expenses. Vessel operating expenses are expensed as incurred.</span></p> <p id="xdx_84A_eus-gaap--ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_zXMFJSJwHr39" style="font: 8pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(d) <span id="xdx_867_zSAFTYGIe6W9">Foreign Currency Transactions</span>:</i></b> The functional currency of the Partnership is the U.S. Dollar because the Partnership’s vessels operate in international shipping markets that utilize the U.S. Dollar as the functional currency. The accounting records of the Partnership are maintained in U.S. Dollars. Transactions involving other currencies during the year are converted into U.S. Dollars using the exchange rates in effect at the time of the transactions. At the balance sheet dates, monetary assets and liabilities, which are denominated in currencies other than the U.S. Dollar, are translated into the functional currency using the exchange rate at those dates. Gains or losses resulting from foreign currency transactions are included in “Other (expense) / income” in the consolidated statements of comprehensive income / (loss).</span></p> <p id="xdx_84B_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_zXfiZPazYMpk" style="font: 8pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif">  </span></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(e) <span id="xdx_86C_zpP5b7w1NnTk">Cash and Cash Equivalents</span></i></b></span><b><i><span style="font: 10pt Times New Roman, Times, Serif">: </span></i></b><span style="font: 10pt Times New Roman, Times, Serif">The Partnership considers highly liquid investments such as time deposits and certificates of deposit with an original maturity of <span id="xdx_905_ecustom--MaximumOriginalMaturityOfHighlyLiquidInvestmentsClassificationCashAndCashEquivalents_dc_uPure_c20200101__20201231_zeEt0FcyjECl">three </span></span><span style="font: 10pt Times New Roman, Times, Serif">months or less to be cash equivalents.</span></p> 3 <p id="xdx_841_eus-gaap--CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_zhtLca6Sfku6" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(f) <span id="xdx_86C_zTAp4oLphnGe">Restricted cash</span>:</i></b> For the Partnership to comply with debt covenants under its credit facilities and financing arrangements, it must maintain minimum cash deposits. Such deposits are considered by the Partnership to be restricted cash.</span></p> <p id="xdx_843_eus-gaap--ReceivablesPolicyTextBlock_zUIO1sJEVSwk" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(g) <span id="xdx_865_zUZLwpZfeLy1">Trade Accounts Receivable</span>:</i></b> The amount shown as trade accounts receivable primarily consists of earned revenue that has not been billed yet or that has been billed but not yet collected. At each balance sheet date all potentially uncollectible accounts are assessed individually for purposes of determining the appropriate write off. For the year ended December 31, 2020 and 2019 the respective write off amounted to $<span id="xdx_900_eus-gaap--ProvisionForDoubtfulAccounts_c20200101__20201231_znKS3HWP0w2d" title="Write off of doubtful accounts">174</span> and $<span id="xdx_90E_eus-gaap--ProvisionForDoubtfulAccounts_c20190101__20191231_zNPA37S517u3">6</span>, respectively. </span></p> 174 6 <p id="xdx_849_eus-gaap--InventoryPolicyTextBlock_zdvT4b2qW7e" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(h) <span id="xdx_860_zmdn7Nqsn68e">Inventories</span>:</i></b> Inventories consist of consumable bunkers, lubricants, spares and stores and are stated at the lower of cost and net realizable value. Net realizable value is the estimated selling prices less reasonably predictable costs of disposal and transportation. The cost is determined by the first-in, first-out method.</span></p> <p id="xdx_84F_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_zfc3UsaKVwd7" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(i) <span id="xdx_861_z5AfN4fPBhn6">Vessels Held for Sale</span>:</i></b> The Partnership classifies vessels as being held for sale when the following criteria are met: (i) management is committed to sell the asset; (ii) the asset is available for immediate sale in its present condition; (iii) an active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated; (iv) the sale of the asset is probable, and transfer of the asset is expected to qualify for recognition as a completed sale within one year; (v) the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.</span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessels classified as held for sale are measured at the lower of their carrying amount or fair value less costs to sell. These vessels are not depreciated once they meet the criteria to be classified as held for sale.</span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif">If a plan to sell a vessel is cancelled, the Partnership reclassifies the vessel as held for use and re-measures it at the lower of (i) its carrying amount before the vessel was classified as held for sale, adjusted for any depreciation expense that would have been recognized if the vessel had been continuously classified as held and used and (ii) its fair value at the date of the subsequent decision not to sell.</span></p> <p id="xdx_84D_ecustom--VesselCostPolicyTextBlock_zS3S84OMYXI7" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"><b> </b></span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(j) <span id="xdx_86D_z7gSOzfHh1Fi">Fixed Assets</span>:</i></b> Fixed assets consist of vessels, which are stated at cost, less accumulated depreciation. Vessel cost consists of the contract price for the vessel, any material expenses incurred during their construction (improvements and delivery expenses, on-site supervision costs incurred during the construction periods, as well as capitalized interest expense during the construction period). Certain subsequent expenditures for major improvements and regulatory requirements are also capitalized if it is determined that they appreciably extend the life, increase the earning capacity or improve the efficiency or safety of the vessels. Vessels acquired through acquisition of businesses are recorded at their acquisition date fair values. Vessels acquired through asset acquisitions are recorded at cost. The cost of each of the Partnership’s vessels is depreciated, beginning when the vessel is ready for its intended use, on a straight-line basis over the vessel’s remaining economic useful life, after considering the estimated residual value. Management estimates the scrap value of the Partnership’s vessels to be $<span id="xdx_904_ecustom--ScrapValuePerLightWeightTon_c20200101__20201231_zoFsbPENke52" title="Scrap value per light weight ton (LWT)">0.2</span> per light weight ton (LWT) and useful life to be <span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20200101__20201231_zniTxVhyXdck" title="Vessels useful life">25</span> years.</span></p> 0.2 P25Y <p id="xdx_844_eus-gaap--PropertyPlantAndEquipmentImpairment_ziIWq5pdMIgc" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(k) <span id="xdx_866_zdOSWURQoJ62">Impairment of Long-lived Assets</span>:</i></b> An impairment loss on long-lived assets is recognized when indicators of impairment are present and the carrying amount of the long-lived asset is greater than its fair value and not believed to be recoverable. In determining future benefits derived from use of long-lived assets, the Partnership performs an analysis of the anticipated undiscounted future net cash flows of the related long-lived assets. If the carrying value of the asset, including any related intangible assets and liabilities, exceeds its undiscounted future net cash flows, the carrying value is reduced to its fair value. Various factors including future charter rates and vessel operating costs are included in this analysis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0pt 0pt"><span style="font: 10pt Times New Roman, Times, Serif">In recent years, changing market conditions resulted in a decrease in charter rates and values of assets. The Partnership considered these market developments as indicators of potential impairment of the carrying amount of its long-lived assets. The Partnership has performed an undiscounted cash flow test based on U.S. GAAP as of December 31, 2020 and 2019, determining undiscounted projected net operating cash flows for the vessels and comparing them to the carrying values of the vessels, and any related intangible assets and liabilities. In developing estimates of future cash flows, the Partnership made assumptions about future charter rates, utilization rates, vessel operating expenses, future dry docking costs, the estimated remaining useful life of the vessels and their estimated residual value. These assumptions are based on historical trends as well as future expectations that are in line with the Partnership’s historical performance and expectations for the vessels’ utilization under the current deployment strategy. Based on these assumptions, the Partnership determined that the vessels held for use and their related intangible assets and liabilities were not impaired as of December 31, 2020 and 2019.</span></p> <p id="xdx_848_eus-gaap--DeferredChargesPolicyTextBlock_zIpkrPTqD8b8" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"/></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(l) <span id="xdx_861_zgxOWbq7a284">Deferred charges, net</span>:</i></b> Deferred charges, net are comprised mainly of dry docking costs. The Partnership’s vessels are required to be dry docked every <span id="xdx_902_ecustom--IntervalBetweenVesselDrydocking_dc_uPure_c20200101__20201231__srt--RangeAxis__srt--MinimumMember_z9Nu50TeTA57" title="Interval between vessel drydocking">thirty</span> to <span id="xdx_909_ecustom--IntervalBetweenVesselDrydocking_dc_uPure_c20200101__20201231__srt--RangeAxis__srt--MaximumMember_zFcHgdSyw1S6" title="Interval between vessel drydocking">sixty</span> months for major repairs and maintenance that cannot be performed while the vessels are under operation. The Partnership has adopted the deferral method of accounting for dry docking activities whereby costs incurred are deferred and amortized on a straight line basis over the period until the next scheduled dry docking activity.</span></p> 30 60 <p id="xdx_84D_eus-gaap--IntangibleAssetsFiniteLivedPolicy_zF4sgMocAAPl" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(m) <span id="xdx_863_zjCO4wVqa5Q7">Intangible assets</span>:</i></b> The Partnership records all identified tangible and intangible assets or any liabilities associated with the acquisition of a business or an asset at fair value. When a vessel or a business that owns a vessel is acquired with an existing charter agreement, the Partnership considers whether any value should be assigned to the attached charter agreement acquired. The value to be assigned to the charter agreement is based on the difference of the contractual charter rate of the agreement acquired and the prevailing market rate for a charter of equivalent duration at the time of the acquisition, determined by independent appraisers as at that date. The resulting above-market (assets) or below-market (liabilities) charters are amortized using the straight line method as a reduction or increase, respectively, to revenues over the remaining term of the charters (Note 7).</span></p> <p id="xdx_848_ecustom--NetIncomePerLimitedPartnerUnitPolicy_zJ678gkVJFye" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(n) <span id="xdx_868_zxrwM0LTAUhf">Net Income Per Limited Partner Unit</span>:</i></b> Basic net income per limited partner unit is calculated by dividing the Partnership’s net income less net income allocable to preferred unit holders, general partner’s interest in net income (including incentive distribution rights (“IDR”)) and net income allocable to unvested units, by the weighted-average number of common units outstanding during the period (Note 15). Diluted net income per limited partner unit reflects the potential dilution that could occur if securities or other contracts to issue limited partner units were exercised.</span></p> <p id="xdx_845_eus-gaap--SegmentReportingPolicyPolicyTextBlock_zG7qgUlAGwSf" style="font: 6pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(o) <span id="xdx_86D_zABcawZBfGD1">Segment Reporting</span>:</i></b> The Partnership reports financial information and evaluates its operations by charter revenues and not by the length, type of vessel or type of ship employment for its customers, i.e. time or bareboat charters. The Partnership does not use discrete financial information to evaluate the operating results for each such type of charter or vessel. Although revenue can be identified for these types of charters or vessels, management cannot and does not identify expenses, profitability or other financial information for these various types of charters or vessels. As a result, management, including the chief operating decision maker, reviews operating results solely by revenue per day and operating results of the fleet, and thus the Partnership has determined that it operates as <span title="Number of reportable segments"><span id="xdx_90A_eus-gaap--NumberOfReportableSegments_dc_uPure_c20200101__20201231_zKVxhOEyTqk2" title="Number of reportable segments">one</span></span> reportable segment. Furthermore, when the Partnership charters a vessel to a charterer, the charterer is free to trade the vessel worldwide and, as a result, the disclosure of geographic information is impracticable.</span></p> 1 <p id="xdx_844_eus-gaap--ShareBasedCompensationOptionAndIncentivePlansPolicy_zVPFYw6x5ead" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font: 10pt Times New Roman, Times, Serif"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(p) <span id="xdx_86B_zIGLwcWqOXSi">Omnibus Incentive Compensation Plan</span>:</i></b> Equity compensation expense represents vested and unvested units granted to employees and to non-employee directors, for their services as directors, as well as to non-employees and are included in general and administrative expenses in the consolidated statements of comprehensive income / (loss). These units are measured at their fair value equal to the market value of the Partnership’s common units on the grant date. The units that contain a time-based service vesting condition are considered unvested units on the grant date and the total fair value of such units is recognized on a straight-line basis over the requisite service period (Note 14).  </span></p> <p id="xdx_848_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zH2OsKUUcVt" style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><i>(q) <span id="xdx_861_zBs6e9mVy445">Recent Accounting Pronouncements</span>: </i></b>In March 2020, the Financial Standard Board issued ASU No. 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU 2020-04”)”. ASU 2020-04 provides temporary optional expedients and exceptions to the guidance in U.S. GAAP on contract modifications and hedge accounting to ease the financial reporting burdens related to expected market transition from LIBOR and other interbank offered rates to alternative reference rates. This ASU is effective for adoption at any time between March 12, 2020 and December 31, 2022. The Partnership is currently evaluating the impact of this adoption in its consolidated financial statements and related disclosures.</span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"/> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 0pt"><b/></p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><b/></p> <p id="xdx_80F_eus-gaap--DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_zr4ziwAQBXka" style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><b>3. <span id="xdx_820_zbIbUQy6i5N7">Discontinued Operations</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The Partnership’s discontinued operations relate to the operations of Diamond S, as following the spin-off, the Partnership has no continuing involvement in this business (Note 1).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Summarized selected operating results of the Partnership’s discontinued operations for the years ended December 31, 2019 and 2018 were as follows:</p> <p id="xdx_89F_eus-gaap--ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_zuFaTODA4fDl" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="display: none">Major items constituting net (loss) / income from discontinued operations</span><span id="xdx_8B5_znBeYaGoelX2" style="display: none">Discontinued operations (Table)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td rowspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Major items constituting net (loss) / income from discontinued operations</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p></td> <td style="padding-bottom: 10pt; line-height: 115%"> </td> <td id="xdx_491_20190101__20191231__us-gaap--StatementOperatingActivitiesSegmentAxis__us-gaap--SegmentDiscontinuedOperationsMember_zX1CeamDRAH2" style="padding-bottom: 10pt; line-height: 115%"> </td> <td style="padding-bottom: 10pt; line-height: 115%"> </td> <td id="xdx_49B_20180101__20181231__us-gaap--StatementOperatingActivitiesSegmentAxis__us-gaap--SegmentDiscontinuedOperationsMember_zuWjg5AldjUc" style="padding-bottom: 10pt; line-height: 115%"> </td> </tr> <tr> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2019*</b></span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2018</b></span></td> </tr> <tr id="xdx_402_eus-gaap--Revenues_z5P7thjB0xB3"> <td style="vertical-align: top; width: 65%; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Revenues                                                                                                    </span></td> <td style="vertical-align: top; width: 4%; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: top; width: 13%; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_F47_zyV19qpqHiBd" title="Revenues">46,172 *</span></span></td> <td style="vertical-align: top; width: 4%; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: top; width: 14%; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">161,659</span></td> </tr> <tr id="xdx_403_eus-gaap--OperatingExpensesAbstract_iB_zr0DsVhjCWj2"> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Expenses</b></span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Expenses"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> </tr> <tr id="xdx_40D_ecustom--VoyageExpenses_d0_zUQqKduIkMn"> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Voyage expenses</span></td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span id="xdx_F4F_zqEnbYydfxbf" style="font: 10pt Times New Roman, Times, Serif">12,655 *</span></td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"/> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">37,202</span></td> </tr> <tr id="xdx_40C_ecustom--VesselOperatingExpenses_d0_zAsT30yNdQnf"> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessel operating expenses</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span id="xdx_F4B_zIMxWY11P9W2" style="font: 10pt Times New Roman, Times, Serif">15,506 *</span> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"/> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">68,406</span></td> </tr> <tr id="xdx_400_eus-gaap--GeneralAndAdministrativeExpense_d0_zTkEt5tD4Xg2"> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">General and administrative expenses</span></td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_F4D_zwjzfopkatnd" title="General and administrative expenses">2,564 *</span></span></td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> </tr> <tr id="xdx_408_eus-gaap--DepreciationDepletionAndAmortization_zCNzeK54mzK1"> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessel depreciation and amortization</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_F43_zikdkM5x6vUj" title="Vessel depreciation and amortization">9,630 *</span></span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"/> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">40,276</span></td> </tr> <tr id="xdx_409_eus-gaap--AssetImpairmentCharges_d0_z7PqzvOnW9f5"> <td style="vertical-align: top; background-color: #CCECFF; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Impairment of vessels </span></td> <td style="vertical-align: top; background-color: #CCECFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; background-color: #CCECFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_F46_zBWgwJu3267b" title="Impairment of vessels">149,578 *</span></span></td> <td style="vertical-align: top; background-color: #CCECFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"/> <td style="vertical-align: top; background-color: #CCECFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> </tr> <tr id="xdx_40F_eus-gaap--InterestAndDebtExpense_zKlpkp2KxyZ2"> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Interest expense and finance cost</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_F4F_zbXHtdHDLsqe" title="Interest expensed and finance cost">3,174 *</span></span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"/> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,433</span></td> </tr> <tr id="xdx_40F_eus-gaap--OtherOperatingIncomeExpenseNet_zYHOdAOmV4v6"> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Other (income) / expenses</span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Other (income) / expenses"><span id="xdx_F45_zYGGkDzQV6x7" style="font: 10pt Times New Roman, Times, Serif">(59) *</span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(165)</span></td> </tr> <tr id="xdx_402_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_z42cfOPRYETa"> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Net (loss) / income from discontinued operations                                    </b></span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Net (loss) / income from discontinued operations"><span style="font: 10pt Times New Roman, Times, Serif"><b id="xdx_F4C_zNWvPUQO2IQj">(146,876) *</b></span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>7,507</b></span></td> </tr> </table> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td id="xdx_F03_zywfAKNgjrTg" style="width: 35pt; text-align: right">*</td> <td style="width: 5pt"/> <td id="xdx_F15_zGIwwcJfF7Kl" style="text-align: justify">represents activity for the period from January 1, 2019 to the date of the completion of the DSS Transaction on March 27, 2019.</td> </tr></table> <p id="xdx_8A2_z3zaY6LgLL3g" style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">As the Partnership spun-off its Tanker Business on March 27, 2019, assets and liabilities contributed to the DSS Transaction are no longer included in the consolidated balance sheet as of December 31, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">During 2019 the Partnership paid advances relating to the purchase of exhaust gas cleaning systems and ballast water treatment systems that would be installed to certain of its vessels that are part of Crude and Product tanker business, of $<span title="Paid advances relating to the purchase of exhaust gas cleaning systems and ballast water treatment systems"><span id="xdx_90C_eus-gaap--ConstructionInProgressGross_iI_pn3n3_c20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselsPartOfTheCrudeAndProductTankerBusinessMember_zKsZDsoux3ti" title="Paid advances relating to the purchase of exhaust gas cleaning systems and ballast water treatment systems">1,110</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p id="xdx_89F_eus-gaap--ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_zuFaTODA4fDl" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="display: none">Major items constituting net (loss) / income from discontinued operations</span><span id="xdx_8B5_znBeYaGoelX2" style="display: none">Discontinued operations (Table)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td rowspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Major items constituting net (loss) / income from discontinued operations</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p></td> <td style="padding-bottom: 10pt; line-height: 115%"> </td> <td id="xdx_491_20190101__20191231__us-gaap--StatementOperatingActivitiesSegmentAxis__us-gaap--SegmentDiscontinuedOperationsMember_zX1CeamDRAH2" style="padding-bottom: 10pt; line-height: 115%"> </td> <td style="padding-bottom: 10pt; line-height: 115%"> </td> <td id="xdx_49B_20180101__20181231__us-gaap--StatementOperatingActivitiesSegmentAxis__us-gaap--SegmentDiscontinuedOperationsMember_zuWjg5AldjUc" style="padding-bottom: 10pt; line-height: 115%"> </td> </tr> <tr> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2019*</b></span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2018</b></span></td> </tr> <tr id="xdx_402_eus-gaap--Revenues_z5P7thjB0xB3"> <td style="vertical-align: top; width: 65%; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Revenues                                                                                                    </span></td> <td style="vertical-align: top; width: 4%; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: top; width: 13%; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_F47_zyV19qpqHiBd" title="Revenues">46,172 *</span></span></td> <td style="vertical-align: top; width: 4%; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: top; width: 14%; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">161,659</span></td> </tr> <tr id="xdx_403_eus-gaap--OperatingExpensesAbstract_iB_zr0DsVhjCWj2"> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Expenses</b></span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Expenses"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> </tr> <tr id="xdx_40D_ecustom--VoyageExpenses_d0_zUQqKduIkMn"> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Voyage expenses</span></td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span id="xdx_F4F_zqEnbYydfxbf" style="font: 10pt Times New Roman, Times, Serif">12,655 *</span></td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"/> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">37,202</span></td> </tr> <tr id="xdx_40C_ecustom--VesselOperatingExpenses_d0_zAsT30yNdQnf"> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessel operating expenses</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span id="xdx_F4B_zIMxWY11P9W2" style="font: 10pt Times New Roman, Times, Serif">15,506 *</span> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"/> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">68,406</span></td> </tr> <tr id="xdx_400_eus-gaap--GeneralAndAdministrativeExpense_d0_zTkEt5tD4Xg2"> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">General and administrative expenses</span></td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_F4D_zwjzfopkatnd" title="General and administrative expenses">2,564 *</span></span></td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> </tr> <tr id="xdx_408_eus-gaap--DepreciationDepletionAndAmortization_zCNzeK54mzK1"> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessel depreciation and amortization</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_F43_zikdkM5x6vUj" title="Vessel depreciation and amortization">9,630 *</span></span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"/> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">40,276</span></td> </tr> <tr id="xdx_409_eus-gaap--AssetImpairmentCharges_d0_z7PqzvOnW9f5"> <td style="vertical-align: top; background-color: #CCECFF; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Impairment of vessels </span></td> <td style="vertical-align: top; background-color: #CCECFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; background-color: #CCECFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_F46_zBWgwJu3267b" title="Impairment of vessels">149,578 *</span></span></td> <td style="vertical-align: top; background-color: #CCECFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"/> <td style="vertical-align: top; background-color: #CCECFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> </tr> <tr id="xdx_40F_eus-gaap--InterestAndDebtExpense_zKlpkp2KxyZ2"> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Interest expense and finance cost</span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_F4F_zbXHtdHDLsqe" title="Interest expensed and finance cost">3,174 *</span></span></td> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"/> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,433</span></td> </tr> <tr id="xdx_40F_eus-gaap--OtherOperatingIncomeExpenseNet_zYHOdAOmV4v6"> <td style="vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Other (income) / expenses</span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Other (income) / expenses"><span id="xdx_F45_zYGGkDzQV6x7" style="font: 10pt Times New Roman, Times, Serif">(59) *</span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: top; background-color: #CCEEFF; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(165)</span></td> </tr> <tr id="xdx_402_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_z42cfOPRYETa"> <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Net (loss) / income from discontinued operations                                    </b></span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Net (loss) / income from discontinued operations"><span style="font: 10pt Times New Roman, Times, Serif"><b id="xdx_F4C_zNWvPUQO2IQj">(146,876) *</b></span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>7,507</b></span></td> </tr> </table> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td id="xdx_F03_zywfAKNgjrTg" style="width: 35pt; text-align: right">*</td> <td style="width: 5pt"/> <td id="xdx_F15_zGIwwcJfF7Kl" style="text-align: justify">represents activity for the period from January 1, 2019 to the date of the completion of the DSS Transaction on March 27, 2019.</td> </tr></table> 46172000 161659000 12655000 37202000 15506000 68406000 2564000 0 9630000 40276000 149578000 0 3174000 8433000 -59000 -165000 -146876000 7507000 1110000 <p id="xdx_802_ecustom--RevenueRecognitionFromContinuingOperationsDisclosureTextBlock_zVwokPGGTvt8" style="font: 10pt Times New Roman, Times, Serif; margin: 11.25pt 0 0"><b>4. <span id="xdx_821_zDe9nGayblWg">Revenues from continuing operations</span></b></p> <p id="xdx_898_eus-gaap--DisaggregationOfRevenueTableTextBlock_zJKLP4A5F1rh" style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 10pt">The following table shows the revenues from continuing operations earned from time and voyage charters contracts for the years ended December 31, 2020, 2019 and 2018:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 10pt"><span id="xdx_8B5_zos7y37KG5Q7" style="display: none; visibility: hidden">Revenues from continuing operations - Disaggregation of revenue (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> </td> <td colspan="3" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>For the years ended December 31,</b></span></td></tr> <tr style="vertical-align: top; background-color: #CCEEFF"> <td style="width: 44%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></span></td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></span></td> <td style="width: 18%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif"><b>2018</b></span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Time charters (operating leases)</span></td> <td id="xdx_986_eus-gaap--Revenues_pn3n3_d0_c20200101__20201231__srt--StatementScenarioAxis__custom--TimeChartersMember_zssmHZUSvEq9" style="vertical-align: bottom; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%" title="Total"><span style="font: 10pt/115% Times New Roman, Times, Serif">$ 137,893</span></td> <td id="xdx_98F_eus-gaap--Revenues_pn3n3_d0_c20190101__20191231__srt--StatementScenarioAxis__custom--TimeChartersMember_zaETM4mmiDhb" style="vertical-align: middle; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$          108,374</span></td> <td id="xdx_98E_eus-gaap--Revenues_pn3n3_d0_c20180101__20181231__srt--StatementScenarioAxis__custom--TimeChartersMember_zuM9It4c6uil" style="vertical-align: middle; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif">$        107,923</span></td></tr> <tr style="vertical-align: top; background-color: #CCEEFF"> <td style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Voyage charters </span></td> <td id="xdx_981_eus-gaap--Revenues_pn3n3_d0_c20200101__20201231__srt--StatementScenarioAxis__custom--VoyageChartersMember_zJGDG8A997xf" style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$     2,972</span></td> <td id="xdx_988_eus-gaap--Revenues_pn3n3_d0_c20190101__20191231__srt--StatementScenarioAxis__custom--VoyageChartersMember_zpdv3cjiftc" style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$ —</span></td> <td id="xdx_98B_eus-gaap--Revenues_pn3n3_d0_c20180101__20181231__srt--StatementScenarioAxis__custom--VoyageChartersMember_zFP7bSguLajb" style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif">$            9,672</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td id="xdx_985_eus-gaap--Revenues_pn3n3_d0_c20200101__20201231_zU2ApUSp5gA3" style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif"><b>$ 140,865</b></span></td> <td id="xdx_98A_eus-gaap--Revenues_pn3n3_d0_c20190101__20191231_zulmPad9UWdd" style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif"><b>$       108,374</b></span></td> <td id="xdx_986_eus-gaap--Revenues_pn3n3_d0_c20180101__20181231_zac0NGwPFlb" style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif"><b>$      117,595</b></span></td></tr> </table> <p id="xdx_8A0_zG2zRAkUnCa" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify"> </p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">As of December 31, 2020, 13 of the Partnership’s vessels were employed under time charter agreements with remaining tenor ranging between <span id="xdx_90D_ecustom--TimeCharterYears_dt_c20200101__20201231__srt--RangeAxis__srt--MinimumMember__srt--StatementScenarioAxis__custom--ThirteenVesselsUnderTimeCharterAgreementsMember_zbvVC7CRKcoh" title="Remaining tenor of time charter agreements (in years)">0.4</span> and <span id="xdx_90D_ecustom--TimeCharterYears_dt_c20200101__20201231__srt--RangeAxis__srt--MaximumMember__srt--StatementScenarioAxis__custom--ThirteenVesselsUnderTimeCharterAgreementsMember_zTxUz3w8Pirc" title="Remaining tenor of time charter agreements (in years)">5.3</span> years. Four of these time charter <span style="background-color: white">agreements include extensions in charterers ’option that range between <span id="xdx_901_ecustom--TimeCharterYears_dt_c20200101__20201231__srt--RangeAxis__srt--MinimumMember__srt--StatementScenarioAxis__custom--FourTimeCharterAgreementsWithExtensionsInCharterersOptionMember_zXX1iGLH3fzh" title="Remaining tenor of time charter agreements (in years)">0.6</span> to <span id="xdx_90C_ecustom--TimeCharterYears_dt_c20200101__20201231__srt--RangeAxis__srt--MaximumMember__srt--StatementScenarioAxis__custom--FourTimeCharterAgreementsWithExtensionsInCharterersOptionMember_zdCCFRNziz9g" title="Remaining tenor of time charter agreements (in years)">2.0</span> years.</span><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">As of December 31, 2020 and 2019 prepayments and other assets include bunker expenses of $<span id="xdx_907_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_iI_pn3n3_c20201231__us-gaap--BalanceSheetLocationAxis__us-gaap--PrepaidExpensesAndOtherCurrentAssetsMember_zYFCTZC8Bsld">80 </span>and $<span id="xdx_905_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_iI_pn3n3_c20191231__us-gaap--BalanceSheetLocationAxis__us-gaap--PrepaidExpensesAndOtherCurrentAssetsMember_zbEhhVQHsff8">0</span>, respectively, incurred between the contract date and the date of the vessel’s arrival to the load port. As of December 31, 2020 and 2019 there was <span id="xdx_904_eus-gaap--DeferredRevenueCurrent_iI_pn3n3_do_c20201231__us-gaap--BalanceSheetLocationAxis__us-gaap--AccountsPayableAndAccruedLiabilitiesMember_zxDEX3Hb1Oag" title="Unearned revenue"><span id="xdx_90A_eus-gaap--DeferredRevenueCurrent_iI_pn3n3_do_c20191231__us-gaap--BalanceSheetLocationAxis__us-gaap--AccountsPayableAndAccruedLiabilitiesMember_zTSLpHH33L0k" title="Unearned revenue">no</span></span> unearned revenue related to undelivered performance obligations.</p> <p id="xdx_898_eus-gaap--DisaggregationOfRevenueTableTextBlock_zJKLP4A5F1rh" style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 10pt">The following table shows the revenues from continuing operations earned from time and voyage charters contracts for the years ended December 31, 2020, 2019 and 2018:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 10pt"><span id="xdx_8B5_zos7y37KG5Q7" style="display: none; visibility: hidden">Revenues from continuing operations - Disaggregation of revenue (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> </td> <td colspan="3" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>For the years ended December 31,</b></span></td></tr> <tr style="vertical-align: top; background-color: #CCEEFF"> <td style="width: 44%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></span></td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></span></td> <td style="width: 18%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: center; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif"><b>2018</b></span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt"><span style="font: 10pt Times New Roman, Times, Serif">Time charters (operating leases)</span></td> <td id="xdx_986_eus-gaap--Revenues_pn3n3_d0_c20200101__20201231__srt--StatementScenarioAxis__custom--TimeChartersMember_zssmHZUSvEq9" style="vertical-align: bottom; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%" title="Total"><span style="font: 10pt/115% Times New Roman, Times, Serif">$ 137,893</span></td> <td id="xdx_98F_eus-gaap--Revenues_pn3n3_d0_c20190101__20191231__srt--StatementScenarioAxis__custom--TimeChartersMember_zaETM4mmiDhb" style="vertical-align: middle; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$          108,374</span></td> <td id="xdx_98E_eus-gaap--Revenues_pn3n3_d0_c20180101__20181231__srt--StatementScenarioAxis__custom--TimeChartersMember_zuM9It4c6uil" style="vertical-align: middle; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif">$        107,923</span></td></tr> <tr style="vertical-align: top; background-color: #CCEEFF"> <td style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif">Voyage charters </span></td> <td id="xdx_981_eus-gaap--Revenues_pn3n3_d0_c20200101__20201231__srt--StatementScenarioAxis__custom--VoyageChartersMember_zJGDG8A997xf" style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$     2,972</span></td> <td id="xdx_988_eus-gaap--Revenues_pn3n3_d0_c20190101__20191231__srt--StatementScenarioAxis__custom--VoyageChartersMember_zpdv3cjiftc" style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$ —</span></td> <td id="xdx_98B_eus-gaap--Revenues_pn3n3_d0_c20180101__20181231__srt--StatementScenarioAxis__custom--VoyageChartersMember_zFP7bSguLajb" style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif">$            9,672</span></td></tr> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td id="xdx_985_eus-gaap--Revenues_pn3n3_d0_c20200101__20201231_zU2ApUSp5gA3" style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif"><b>$ 140,865</b></span></td> <td id="xdx_98A_eus-gaap--Revenues_pn3n3_d0_c20190101__20191231_zulmPad9UWdd" style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif"><b>$       108,374</b></span></td> <td id="xdx_986_eus-gaap--Revenues_pn3n3_d0_c20180101__20181231_zac0NGwPFlb" style="border-bottom: Black 1pt solid; vertical-align: middle; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif"><b>$      117,595</b></span></td></tr> </table> 137893000 108374000 107923000 2972000 0 9672000 140865000 108374000 117595000 0.4 5.3 0.6 2.0 80000 0 0 0 <p id="xdx_80D_eus-gaap--RelatedPartyTransactionsDisclosureTextBlock_zbpNOAio5LUd" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>5. <span id="xdx_823_zt7wDMe7BXC8">Transactions with Related Parties</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">In November 2020 and August 2019 the Partnership completed the process of changing the manager of its Capesize bulk carrier, <span id="xdx_904_ecustom--NumberOfVesselsChangeManager_iI_dc_uPure_c20201130__us-gaap--RelatedPartyTransactionAxis__custom--CapitalExecutiveShipManagementCorpMember_zWSLLDP1hoaf" style="display: none">one </span>M/V Cape Agamemnon and its then <span id="xdx_90D_ecustom--NumberOfVesselsChangeManager_iI_dc_uPure_c20190831__us-gaap--RelatedPartyTransactionAxis__custom--CapitalExecutiveShipManagementCorpMember_z1Jyg8nBK0Zf" title="Number of vessels change manager">ten </span>container vessels respectively, from Capital Ship Management Corp. (“CSM”) to Capital-Executive Ship Management Corp. (“Capital-Executive”), a privately held company ultimately controlled by Mr. Miltiadis Marinakis the son of Mr. Evangelos M. Marinakis who is the chairman of the Partnership’s sponsor, Capital Maritime &amp; Trading Corp. (“CMTC”). The agreement with Capital-Executive has the same terms and conditions of our floating fee management agreement with CSM. In January, 2020 the Partnership acquired from CMTC the shares of the companies owning the M/V Athenian, the M/V Athos and the M/V Aristomenis (Note 6). Each of these three owing companies entered into a floating fee management agreement with Capital-Executive.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">In connection with the DSS transaction (Note 1) in March 2019 the Partnership and CSM agreed to terminate the commercial and technical management agreement, dated as of March 17, 2010, between them as all vessels covered by this agreement were spun off as part of Diamond S; and agreed to amend the floating rate management agreement, dated June 10, 2011, between them to reflect that all tankers vessels owned by the Partnership, were part of its Tanker Business which spun off would no longer be managed under this agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0">The Partnership and its subsidiaries have related party transactions with CSM, Capital-Executive (collectively the “Managers”) and the Partnership’s general partner, Capital GP L.L.C. (“CGP”) arising from certain terms of the following management and administrative services agreements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0"><b>1. Floating fee management agreements<i>:</i></b> Under the terms of these agreements the Partnership compensates its Managers for expenses and liabilities incurred on the Partnership’s behalf while providing the agreed services, including, but not limited to, crew, repairs and maintenance, insurance, stores, spares, lubricants and other operating costs. Costs and expenses associated with a managed vessel’s next scheduled dry docking are borne by the Partnership and not by the Managers. The Partnership also pays its Managers a daily technical management fee per managed vessel that is revised annually based on the United States Consumer Price Index. For the years ended December 31, 2020, 2019 and 2018 management fees under the management agreements amounted to $<span id="xdx_904_ecustom--VesselOperatingExpensesRelatedParty_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveAndOrCSMManagersMember_zAAFuWXf2Ow" title="Vessel operating expenses">4,976</span>, $<span id="xdx_90B_ecustom--VesselOperatingExpensesRelatedParty_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveAndOrCSMManagersMember_zZThd9C2eOKe" title="Vessel operating expenses">3,917</span> and $<span id="xdx_90E_ecustom--VesselOperatingExpensesRelatedParty_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveAndOrCSMManagersMember_zchWUGm1WHsa" title="Vessel operating expenses">4,221</span>, respectively, and are included in “Vessel operating expenses – related parties” in the consolidated statements of comprehensive income / (loss).</p> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>2. Administrative and service agreements:</b> On April 4, 2007, the Partnership entered into an administrative services agreement with CSM, pursuant to which CSM has agreed to provide certain administrative management services to the Partnership such as accounting, auditing, legal, insurance, IT and clerical services. In addition, the Partnership reimburses CSM and CGP for reasonable costs and expenses incurred in connection with the provision of these services, after CSM submits to the Partnership an invoice for such costs and expenses together with any supporting detail that may be reasonably required. These expenses are included in “General and administrative expenses” in the consolidated statements of comprehensive income / (loss). In 2015, the Partnership entered into an executive services agreement with CGP, which was amended in 2016 and 2019, according to which CGP provides certain executive officers services for the management of the Partnership’s business as well as investor relation and corporate support services to the Partnership. For the years ended December 31, 2020, 2019 and 2018 such fees amounted to $<span id="xdx_908_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--AdministrativeAndServiceAgreementsMember_zFXZfN7G8f13" title="General and administrative expenses">1,880</span>, $<span id="xdx_90A_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionAxis__custom--AdministrativeAndServiceAgreementsMember_z7OhCEUyVh1g">1,880</span> and $<span id="xdx_905_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionAxis__custom--AdministrativeAndServiceAgreementsMember_zwwL1SFnk5U4">1,688</span>, respectively, and are included in “General and administrative expenses” in the consolidated statements of comprehensive income / (loss).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">Balances and transactions with related parties consisted of the following:</p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6.6pt 0 0 4.4pt"><span style="font: 10pt Times New Roman, Times, Serif"><span/></span></p> <p id="xdx_89B_eus-gaap--ScheduleOfRelatedPartyTransactionsTableTextBlock_zFZs3w1e6PMg" style="font: 10pt/107% Georgia, Times, Serif; margin: 0 0 8pt"><span id="xdx_8B4_zYorwXPjDd4h" style="display: none">Transactions with Related Parties - Consolidated Balance Sheets (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: #CCEEFF"> <td style="padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Consolidated Balance Sheets</b></span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td id="xdx_49B_20201231_zi99oq13v49l" style="padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>As of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31, 2020</b></p></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td id="xdx_498_20191231_z5IUfkBDhk42" style="padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>As of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31, 2019</b></p></td></tr> <tr id="xdx_40A_eus-gaap--LiabilitiesAbstract_iB_z2pUVQ8ESsx5"> <td style="vertical-align: top; width: 72%; padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Liabilities:</b></span></td> <td style="vertical-align: top; width: 3%; padding-top: 6.6pt"> </td> <td style="vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-top: 6.6pt; padding-bottom: 10pt; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif">CSM – payments on behalf of the Partnership (a)</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalShipManagementCorpPaymentsOnBehalfOfPartnershipMember_zsJAqZnaitNd" title="Due to related parties">1,040</span></span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalShipManagementCorpPaymentsOnBehalfOfPartnershipMember_zQii86cbTwn1" title="Due to related parties">3,151</span></span></td></tr> <tr> <td style="vertical-align: top; padding-top: 6.6pt; padding-bottom: 10pt; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif">Management fee payable to CSM (b)</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt"> </td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalShipManagementCorpManagementFeePayableMember_zaH75WUCQ1O4" title="Due to related parties">25</span></span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalShipManagementCorpManagementFeePayableMember_zaEv2fFkpWLh" title="Due to related parties">55</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-top: 6.6pt; padding-bottom: 10pt; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif">Capital-Executive – payments on behalf of the Partnership (a)</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt"> </td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveCorpPaymentsOnBehalfOfPartnershipMember_zLftBP8vIYAc" title="Due to related parties">1,765</span></span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveCorpPaymentsOnBehalfOfPartnershipMember_zg0pRz8rhw6f" title="Due to related parties">1,745</span></span></td></tr> <tr> <td style="vertical-align: top; padding-top: 6.6pt; padding-bottom: 10pt; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif">Management fee payable to Capital-Executive (b)</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt"> </td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveManagementFeePayableMember_zGNwg3znEBl9" title="Due to related parties">427</span></span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveManagementFeePayableMember_zWaAsVIfU7G6" title="Due to related parties">305</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-top: 6.6pt; padding-bottom: 10pt; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif"><b>Due to related parties</b></span></td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_908_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20201231_zSKLAAeIjDH8" title="Due to related parties">3,257</span></b></span></td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90E_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20191231_zFqXvK2nzk7f" title="Due to related parties">5,256</span></b></span></td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"> </p> <p id="xdx_8AF_zVzYiWxZsRZ4" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6.6pt 0 0 4.4pt"> </p> <p id="xdx_892_ecustom--ScheduleOfRelatedPartyTransactionsTableITextBlock_zQ5yVcZMoSme" style="font: 10pt/107% Georgia, Times, Serif; margin: 0 0 8pt"><span id="xdx_8B8_zxSaq8brvUJc" style="display: none">Transactions with Related Parties - Consolidated Statements of Comprehensive Income / (Loss) (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: #CCEEFF"> <td rowspan="2" style="padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Consolidated Statements of Comprehensive Income / (Loss)</b></span></td> <td colspan="8" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>For the years ended December 31,</b></span></td></tr> <tr style="vertical-align: top; background-color: #CCEEFF"> <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2018</b></span></td></tr> <tr> <td style="vertical-align: top; width: 54%; padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">Revenues (c)</span></td> <td style="vertical-align: bottom; width: 3%; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_ecustom--CharterRevenuesRelatedParty_pn3n3_d0_c20200101__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CMTCAndSubsidiariesMember_zRdrHzBVOHUc" title="Revenues (c)">—</span></span></td> <td style="vertical-align: bottom; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"/> <td style="vertical-align: bottom; width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--CharterRevenuesRelatedParty_pn3n3_d0_c20190101__20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CMTCAndSubsidiariesMember_zIOgCbVfxTdg" title="Revenues (c)">—</span></span></td> <td style="vertical-align: bottom; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_ecustom--CharterRevenuesRelatedParty_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CMTCAndSubsidiariesMember_zP1p84Juf53d" title="Revenues (c)">701</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessel operating expenses</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_ecustom--VesselOperatingExpensesRelatedParty_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveAndOrCSMManagersMember_zD9d7KPpIRd3" title="Vessel operating expenses">4,976</span></span></td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_ecustom--VesselOperatingExpensesRelatedParty_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveAndOrCSMManagersMember_zHwAUfaHFq07">3,917</span></span></td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_ecustom--VesselOperatingExpensesRelatedParty_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveAndOrCSMManagersMember_zupnq6CpWV61">4,221</span></span></td></tr> <tr> <td style="vertical-align: top; padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">General and administrative expenses (d)</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CSMAndCGPMember_zrTlESLCe4Xf" title="General and administrative expenses (d)">2,049</span></span></td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CSMAndCGPMember_z2zDfsD3JMI7" title="General and administrative expenses (d)">2,146</span></span></td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CSMAndCGPMember_zMAzJi6yOaig" title="General and administrative expenses (d)">1,922</span></span></td></tr> </table> <p id="xdx_8A7_z5ycL0bCcuqh" style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"><b/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"><b><i/></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"><b><i>(a) Managers - Payments on Behalf of the Partnership: </i></b>This line item represents the amount outstanding for payments for operating and voyage expenses made by the Managers on behalf of the Partnership and its subsidiaries.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"><b><i>(b) Management fee payable to Managers</i></b>: The amount outstanding as of December 31, 2020 and 2019 represents the management fee payable to the Managers under the management agreements between the Partnership and the Managers.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>(c) Revenues:</i></b> During 2020 and 2019 no charter agreement with CMTC and its subsidiaries existed. The following table includes information regarding the charter agreements included in continuing operations that were in place between the Partnership and CMTC and its subsidiaries during 2018.</p> <p id="xdx_891_ecustom--CharterAgreementsTableTextBlock_zqxWLVMu40i4" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_8B2_zbpHJyKPppB2" style="display: none">Transactions with Related Parties - Charter Agreements (Table)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="display: none"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 35%"> <p style="border-bottom: Black 0.75pt solid; font: 8pt Times New Roman, Times, Serif; margin: 0"><b>Vessel Name</b></p></td> <td style="width: 5%"> </td> <td id="xdx_48C_ecustom--TimeCharterYears_zhwqTSS7YaH1" style="border-bottom: black 1pt solid; width: 9%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Time</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Charter (TC)</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>in years</b></p></td> <td style="width: 5%"> </td> <td id="xdx_480_ecustom--CommencementOfCharterDate_zPTkcLOlHB27" style="border-bottom: black 1pt solid; width: 13%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Commencement of</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Charter</b></p></td> <td style="width: 5%"> </td> <td id="xdx_481_ecustom--TerminationOrEarliestExpectedRedeliveryDate_zqB69OJnUt8d" style="border-bottom: black 1pt solid; width: 11%; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>Termination </b></span></td> <td style="width: 5%"> </td> <td style="border-bottom: black 1pt solid; width: 12%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Gross (Net) Daily</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Hire Rate</b></p></td></tr> <tr id="xdx_417_20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AristotelisMember_z63FtrWRKg1e"> <td style="vertical-align: top; padding-left: 8.8pt; text-indent: -8.8pt"><span style="font: 10pt Times New Roman, Times, Serif">M/T Aristotelis</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">1.0</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">01/2017</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">03/2018</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_ecustom--GrossDailyHireRate_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AristotelisMember_zEVE8cXOdvg5" title="Gross Daily Hire Rate">$13.8</span> (<span id="xdx_905_ecustom--NetDailyHireRate_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AristotelisMember_z65Fte7pDqwj" title="Net Daily Hire Rate">$13.6</span>)</span></td></tr> </table> <p id="xdx_8A4_zSfkDroS0zc9" style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"><b><i/></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"><b><i>(d) General and administrative expenses:</i></b> This line item mainly includes fees relating to internal audit, investor relations and consultancy fees.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: justify"> </p> 1 10 4976000 3917000 4221000 1880000 1880000 1688000 <p id="xdx_89B_eus-gaap--ScheduleOfRelatedPartyTransactionsTableTextBlock_zFZs3w1e6PMg" style="font: 10pt/107% Georgia, Times, Serif; margin: 0 0 8pt"><span id="xdx_8B4_zYorwXPjDd4h" style="display: none">Transactions with Related Parties - Consolidated Balance Sheets (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: #CCEEFF"> <td style="padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Consolidated Balance Sheets</b></span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td id="xdx_49B_20201231_zi99oq13v49l" style="padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>As of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31, 2020</b></p></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td id="xdx_498_20191231_z5IUfkBDhk42" style="padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>As of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>December 31, 2019</b></p></td></tr> <tr id="xdx_40A_eus-gaap--LiabilitiesAbstract_iB_z2pUVQ8ESsx5"> <td style="vertical-align: top; width: 72%; padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Liabilities:</b></span></td> <td style="vertical-align: top; width: 3%; padding-top: 6.6pt"> </td> <td style="vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: top; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-top: 6.6pt; padding-bottom: 10pt; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif">CSM – payments on behalf of the Partnership (a)</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalShipManagementCorpPaymentsOnBehalfOfPartnershipMember_zsJAqZnaitNd" title="Due to related parties">1,040</span></span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalShipManagementCorpPaymentsOnBehalfOfPartnershipMember_zQii86cbTwn1" title="Due to related parties">3,151</span></span></td></tr> <tr> <td style="vertical-align: top; padding-top: 6.6pt; padding-bottom: 10pt; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif">Management fee payable to CSM (b)</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt"> </td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalShipManagementCorpManagementFeePayableMember_zaH75WUCQ1O4" title="Due to related parties">25</span></span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalShipManagementCorpManagementFeePayableMember_zaEv2fFkpWLh" title="Due to related parties">55</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-top: 6.6pt; padding-bottom: 10pt; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif">Capital-Executive – payments on behalf of the Partnership (a)</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt"> </td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveCorpPaymentsOnBehalfOfPartnershipMember_zLftBP8vIYAc" title="Due to related parties">1,765</span></span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveCorpPaymentsOnBehalfOfPartnershipMember_zg0pRz8rhw6f" title="Due to related parties">1,745</span></span></td></tr> <tr> <td style="vertical-align: top; padding-top: 6.6pt; padding-bottom: 10pt; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif">Management fee payable to Capital-Executive (b)</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt"> </td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveManagementFeePayableMember_zGNwg3znEBl9" title="Due to related parties">427</span></span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveManagementFeePayableMember_zWaAsVIfU7G6" title="Due to related parties">305</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-top: 6.6pt; padding-bottom: 10pt; line-height: 115%"><span style="font: 10pt/115% Times New Roman, Times, Serif"><b>Due to related parties</b></span></td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_908_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20201231_zSKLAAeIjDH8" title="Due to related parties">3,257</span></b></span></td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90E_eus-gaap--AccountsPayableRelatedPartiesCurrent_iI_pn3n3_c20191231_zFqXvK2nzk7f" title="Due to related parties">5,256</span></b></span></td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"> </p> 1040000 3151000 25000 55000 1765000 1745000 427000 305000 3257000 5256000 <p id="xdx_892_ecustom--ScheduleOfRelatedPartyTransactionsTableITextBlock_zQ5yVcZMoSme" style="font: 10pt/107% Georgia, Times, Serif; margin: 0 0 8pt"><span id="xdx_8B8_zxSaq8brvUJc" style="display: none">Transactions with Related Parties - Consolidated Statements of Comprehensive Income / (Loss) (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: #CCEEFF"> <td rowspan="2" style="padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Consolidated Statements of Comprehensive Income / (Loss)</b></span></td> <td colspan="8" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>For the years ended December 31,</b></span></td></tr> <tr style="vertical-align: top; background-color: #CCEEFF"> <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></span></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2018</b></span></td></tr> <tr> <td style="vertical-align: top; width: 54%; padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">Revenues (c)</span></td> <td style="vertical-align: bottom; width: 3%; padding-top: 6.6pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_ecustom--CharterRevenuesRelatedParty_pn3n3_d0_c20200101__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CMTCAndSubsidiariesMember_zRdrHzBVOHUc" title="Revenues (c)">—</span></span></td> <td style="vertical-align: bottom; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"/> <td style="vertical-align: bottom; width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--CharterRevenuesRelatedParty_pn3n3_d0_c20190101__20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CMTCAndSubsidiariesMember_zIOgCbVfxTdg" title="Revenues (c)">—</span></span></td> <td style="vertical-align: bottom; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_ecustom--CharterRevenuesRelatedParty_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CMTCAndSubsidiariesMember_zP1p84Juf53d" title="Revenues (c)">701</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessel operating expenses</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_ecustom--VesselOperatingExpensesRelatedParty_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveAndOrCSMManagersMember_zD9d7KPpIRd3" title="Vessel operating expenses">4,976</span></span></td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_ecustom--VesselOperatingExpensesRelatedParty_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveAndOrCSMManagersMember_zHwAUfaHFq07">3,917</span></span></td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_ecustom--VesselOperatingExpensesRelatedParty_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CapitalExecutiveAndOrCSMManagersMember_zupnq6CpWV61">4,221</span></span></td></tr> <tr> <td style="vertical-align: top; padding-top: 6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">General and administrative expenses (d)</span></td> <td style="vertical-align: bottom; padding-top: 6.6pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CSMAndCGPMember_zrTlESLCe4Xf" title="General and administrative expenses (d)">2,049</span></span></td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CSMAndCGPMember_z2zDfsD3JMI7" title="General and administrative expenses (d)">2,146</span></span></td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CSMAndCGPMember_zMAzJi6yOaig" title="General and administrative expenses (d)">1,922</span></span></td></tr> </table> 0 0 701000 4976000 3917000 4221000 2049000 2146000 1922000 <p id="xdx_891_ecustom--CharterAgreementsTableTextBlock_zqxWLVMu40i4" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_8B2_zbpHJyKPppB2" style="display: none">Transactions with Related Parties - Charter Agreements (Table)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="display: none"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 35%"> <p style="border-bottom: Black 0.75pt solid; font: 8pt Times New Roman, Times, Serif; margin: 0"><b>Vessel Name</b></p></td> <td style="width: 5%"> </td> <td id="xdx_48C_ecustom--TimeCharterYears_zhwqTSS7YaH1" style="border-bottom: black 1pt solid; width: 9%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Time</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Charter (TC)</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>in years</b></p></td> <td style="width: 5%"> </td> <td id="xdx_480_ecustom--CommencementOfCharterDate_zPTkcLOlHB27" style="border-bottom: black 1pt solid; width: 13%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Commencement of</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Charter</b></p></td> <td style="width: 5%"> </td> <td id="xdx_481_ecustom--TerminationOrEarliestExpectedRedeliveryDate_zqB69OJnUt8d" style="border-bottom: black 1pt solid; width: 11%; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>Termination </b></span></td> <td style="width: 5%"> </td> <td style="border-bottom: black 1pt solid; width: 12%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Gross (Net) Daily</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Hire Rate</b></p></td></tr> <tr id="xdx_417_20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AristotelisMember_z63FtrWRKg1e"> <td style="vertical-align: top; padding-left: 8.8pt; text-indent: -8.8pt"><span style="font: 10pt Times New Roman, Times, Serif">M/T Aristotelis</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">1.0</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">01/2017</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">03/2018</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_ecustom--GrossDailyHireRate_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AristotelisMember_zEVE8cXOdvg5" title="Gross Daily Hire Rate">$13.8</span> (<span id="xdx_905_ecustom--NetDailyHireRate_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AristotelisMember_z65Fte7pDqwj" title="Net Daily Hire Rate">$13.6</span>)</span></td></tr> </table> 1.0 01/2017 03/2018 $13.8 $13.6 <p id="xdx_802_ecustom--VesselsTextBlock_zUdJBC8E1h92" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>6. <span id="xdx_82C_zaQJC8TpOZyg">Vessels, net</span> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0">The following table presents an analysis of vessels, net:</p> <p id="xdx_89F_eus-gaap--PropertyPlantAndEquipmentTextBlock_z138upRAcErk" style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0"><span id="xdx_8B7_zAoKjBGSlFxf" style="display: none">Vessels, net (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 57%; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="width: 13%; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>Vessel Cost</b></span></td> <td style="width: 15%; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>Accumulated<br/> depreciation</b></span></td> <td style="width: 15%; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>Net book value</b></span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance as at January 1, 2019</b></span></td> <td id="xdx_988_ecustom--VesselsCost_iS_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zyZrRDTNiuw2" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$    728,923</b></span></td> <td id="xdx_98C_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNS_pn3n3_di_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselAccumulatedDepreciationMember_zeEtxRiwqc24" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$(142,823)</b></span></td> <td id="xdx_98F_ecustom--VesselsNet_iS_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_z7RE4ns9VS1h" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$          586,100</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Improvements</span></td> <td id="xdx_981_ecustom--VesselsImprovements_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_z32aG7LRohni" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Improvements"><span style="font: 10pt Times New Roman, Times, Serif">19,896</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td id="xdx_98C_ecustom--VesselsImprovements_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zQRs87aLkltg" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Improvements"><span style="font: 10pt Times New Roman, Times, Serif">19,896</span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Depreciation for the year</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td id="xdx_986_eus-gaap--Depreciation_iN_pn3n3_di_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselAccumulatedDepreciationMember_zZBMpk4BlcKf" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Depreciation for the year"><span style="font: 10pt Times New Roman, Times, Serif">(29,105)</span></td> <td id="xdx_98E_eus-gaap--Depreciation_iN_pn3n3_di_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zBdSKrDrM1Sd" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Depreciation for the year"><span style="font: 10pt Times New Roman, Times, Serif">(29,105)</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance as at December 31, 2019</b></span></td> <td id="xdx_987_ecustom--VesselsCost_iE_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zHlI8WU4dTN4" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$       748,819 </b></span></td> <td id="xdx_981_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNE_pn3n3_di_c20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselAccumulatedDepreciationMember_zGFFXACVP86d" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$(171,928</b>)</span></td> <td id="xdx_989_ecustom--VesselsNet_iE_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zcOodF8VaGwf" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$          576,891</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessel acquisitions</span></td> <td id="xdx_98D_ecustom--VesselsAdditions_iP2custom--VesselsImprovements_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zbv11JiGlUik" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Vessel acquisitions"><span style="font: 10pt Times New Roman, Times, Serif">162,600</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td id="xdx_98F_ecustom--VesselsAdditions_iP2custom--VesselsImprovements_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zpiIS26fLVVf" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Vessel acquisitions"><span style="font: 10pt Times New Roman, Times, Serif">162,600</span></td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Improvements</span></td> <td id="xdx_98D_ecustom--VesselsImprovements_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_z9BDd89Txrp5" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Improvements"><span style="font: 10pt Times New Roman, Times, Serif">11,601</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td id="xdx_98C_ecustom--VesselsImprovements_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zeKDF1ZLtaP6" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Improvements"><span style="font: 10pt Times New Roman, Times, Serif">11,601</span></td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Depreciation for the year</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td id="xdx_980_eus-gaap--Depreciation_iN_pn3n3_di_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselAccumulatedDepreciationMember_z1hXrjrAzeti" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Depreciation for the year"><span style="font: 10pt Times New Roman, Times, Serif">(38,895)</span></td> <td id="xdx_989_eus-gaap--Depreciation_iN_pn3n3_di_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zKGc8GyfHIr" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Depreciation for the year"><span style="font: 10pt Times New Roman, Times, Serif">(38,895)</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance as at December 31, 2020</b></span></td> <td id="xdx_98D_ecustom--VesselsCost_iE_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zrcZ7KBbi5K5" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$       923,020</b></span></td> <td id="xdx_98B_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNE_pn3n3_di_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselAccumulatedDepreciationMember_zf3PpZjiSf84" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>(210,823)</b></span></td> <td id="xdx_981_ecustom--VesselsNet_iE_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zLCQZ4qHd87e" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>712,197</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> </table> <p id="xdx_8A3_zO9ctCo8IVq9" style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">All of the Partnership’s vessels as of December 31, 2020 have been provided as collateral to secure the Partnership’s credit facilities and financing arrangements (Note 8).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>Vessel acquisitions</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">In January 2020, the Partnership entered into three separate Shares Purchase Agreements (“SPA”) with CMTC for the acquisition of the shares of the companies owning the M/V Athenian, the M/V Athos and the M/V Aristomenis for a total consideration of $<span id="xdx_907_ecustom--VesselsAdditions_pn3n3_c20200101__20200131__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAthenianMVAthosMVAristomenisMember_zMvaLA0hoLKg" title="Vessels acquisition">162,600</span>. The Partnership accounted for these acquisitions as acquisition of assets. The Partnership considered whether any value should be assigned to the attached charter party agreements acquired and concluded that the contracted daily charter rates were equal to the market rates on the acquisition date and therefore the total consideration was allocated to the vessels’ cost.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"><b><i>Improvements</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">Cost for improvements during the years ended December 31, 2020 and 2019 include $<span id="xdx_900_ecustom--VesselsImprovements_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselsImprovementsMember_z4oaa0oADxZ1" title="Vessel improvement costs capitalized">10,906</span> and $<span id="xdx_90C_ecustom--VesselsImprovements_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselsImprovementsMember_zBxVDvGKXwRe" title="Vessel improvement costs capitalized">19,297</span>, respectively, relating to the installation of exhaust gas cleaning and ballast water treatment systems.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"><b><i>Vessel disposal</i></b></p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 0pt">On September 11, 2018 the Partnership entered into a Memorandum of Agreement (“MOA”) with an unrelated party for the disposal of the M/T Amore Mio II at a price of $<span id="xdx_908_ecustom--SalePriceMemorandumAgreement_pn3n3_c20180101__20180911__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AmoreMioIIMember_zgErXGWSXjW4">11,150</span>. Upon entering into the agreement the Partnership determined that the M/T Amore Mio II met the criteria to be classified as held for sale as described in note 2(i) and measured the vessel at the lower of its carrying amount and fair value less the cost associated with the sale. In this respect, the Partnership recognized an impairment charge of $<span id="xdx_909_eus-gaap--ImpairmentOfLongLivedAssetsToBeDisposedOf_pn3n3_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AmoreMioIIMember_z4NG9OYuNUKa" title="Impairment of vessel">28,805 </span>in the consolidated statement of comprehensive loss for the year ended December 31, 2018, reducing the vessel’s carrying value to $<span id="xdx_90C_ecustom--ClassificationAsAssetHeldForSale_pn3n3_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AmoreMioIIMember_zvJJMrFDVtR" title="Classification as asset held for sale">10,927</span>. The vessel was delivered to its buyer on <span id="xdx_903_eus-gaap--DisposalDate1_dd_c20180101__20180911__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AmoreMioIIMember_zd5DlHTAvLa">October 15, 2018</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p id="xdx_89F_eus-gaap--PropertyPlantAndEquipmentTextBlock_z138upRAcErk" style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0"><span id="xdx_8B7_zAoKjBGSlFxf" style="display: none">Vessels, net (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 57%; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="width: 13%; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>Vessel Cost</b></span></td> <td style="width: 15%; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>Accumulated<br/> depreciation</b></span></td> <td style="width: 15%; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>Net book value</b></span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance as at January 1, 2019</b></span></td> <td id="xdx_988_ecustom--VesselsCost_iS_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zyZrRDTNiuw2" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$    728,923</b></span></td> <td id="xdx_98C_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNS_pn3n3_di_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselAccumulatedDepreciationMember_zeEtxRiwqc24" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$(142,823)</b></span></td> <td id="xdx_98F_ecustom--VesselsNet_iS_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_z7RE4ns9VS1h" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$          586,100</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Improvements</span></td> <td id="xdx_981_ecustom--VesselsImprovements_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_z32aG7LRohni" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Improvements"><span style="font: 10pt Times New Roman, Times, Serif">19,896</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td id="xdx_98C_ecustom--VesselsImprovements_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zQRs87aLkltg" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Improvements"><span style="font: 10pt Times New Roman, Times, Serif">19,896</span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Depreciation for the year</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td id="xdx_986_eus-gaap--Depreciation_iN_pn3n3_di_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselAccumulatedDepreciationMember_zZBMpk4BlcKf" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Depreciation for the year"><span style="font: 10pt Times New Roman, Times, Serif">(29,105)</span></td> <td id="xdx_98E_eus-gaap--Depreciation_iN_pn3n3_di_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zBdSKrDrM1Sd" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Depreciation for the year"><span style="font: 10pt Times New Roman, Times, Serif">(29,105)</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance as at December 31, 2019</b></span></td> <td id="xdx_987_ecustom--VesselsCost_iE_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zHlI8WU4dTN4" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$       748,819 </b></span></td> <td id="xdx_981_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNE_pn3n3_di_c20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselAccumulatedDepreciationMember_zGFFXACVP86d" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$(171,928</b>)</span></td> <td id="xdx_989_ecustom--VesselsNet_iE_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zcOodF8VaGwf" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$          576,891</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessel acquisitions</span></td> <td id="xdx_98D_ecustom--VesselsAdditions_iP2custom--VesselsImprovements_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zbv11JiGlUik" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Vessel acquisitions"><span style="font: 10pt Times New Roman, Times, Serif">162,600</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td id="xdx_98F_ecustom--VesselsAdditions_iP2custom--VesselsImprovements_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zpiIS26fLVVf" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Vessel acquisitions"><span style="font: 10pt Times New Roman, Times, Serif">162,600</span></td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Improvements</span></td> <td id="xdx_98D_ecustom--VesselsImprovements_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_z9BDd89Txrp5" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Improvements"><span style="font: 10pt Times New Roman, Times, Serif">11,601</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td id="xdx_98C_ecustom--VesselsImprovements_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zeKDF1ZLtaP6" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Improvements"><span style="font: 10pt Times New Roman, Times, Serif">11,601</span></td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Depreciation for the year</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td id="xdx_980_eus-gaap--Depreciation_iN_pn3n3_di_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselAccumulatedDepreciationMember_z1hXrjrAzeti" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Depreciation for the year"><span style="font: 10pt Times New Roman, Times, Serif">(38,895)</span></td> <td id="xdx_989_eus-gaap--Depreciation_iN_pn3n3_di_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zKGc8GyfHIr" style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Depreciation for the year"><span style="font: 10pt Times New Roman, Times, Serif">(38,895)</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance as at December 31, 2020</b></span></td> <td id="xdx_98D_ecustom--VesselsCost_iE_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselCostMember_zrcZ7KBbi5K5" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$       923,020</b></span></td> <td id="xdx_98B_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNE_pn3n3_di_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselAccumulatedDepreciationMember_zf3PpZjiSf84" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>(210,823)</b></span></td> <td id="xdx_981_ecustom--VesselsNet_iE_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VesselNetBookValueMember_zLCQZ4qHd87e" style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right" title="Balance as at end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>712,197</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> </table> 728923000 142823000 586100000 19896000 19896000 29105000 29105000 748819000 171928000 576891000 162600000 162600000 11601000 11601000 38895000 38895000 923020000 210823000 712197000 162600000 10906000 19297000 11150000 28805000 10927000 2018-10-15 <p id="xdx_801_ecustom--AboveMarketAcquiredChartersDisclosureTextBlock_zTfwfGP1fcM6" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>7. <span id="xdx_82F_zpzmq4M677ah">Above market acquired charters</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">For the years ended December 31, 2020, 2019 and 2018 revenues were reduced by $<span id="xdx_909_ecustom--AmortizationOfAboveMarketAcquiredCharters_pn3n3_uUSD_c20200101__20201231_z8Qq4wJk04Le" title="Amortization">11,696</span>, $<span id="xdx_905_ecustom--AmortizationOfAboveMarketAcquiredCharters_pn3n3_uUSD_c20190101__20191231_zqKBlAIF19z5" title="Amortization">14,380</span> and $<span title="Amortization"><span id="xdx_90F_ecustom--AmortizationOfAboveMarketAcquiredCharters_pn3n3_uUSD_c20180101__20181231_zIaKwUdBF6Rb" title="Amortization">14,380</span></span> respectively, corresponding to the amortization of the above market acquired charters.</p> <p id="xdx_896_ecustom--AboveMarketAcquiredChartersTableTextBlock_zJGjHOW8865i" style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The following table presents an analysis of above market acquired charters:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"><span id="xdx_8B6_z1us5wFGH4yg" style="display: none">Above market acquired charters (Table)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; width: 83%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>Above market acquired charters</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="width: 17%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Book Value</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Carrying amount as at January 1, 2019</b></span></td> <td id="xdx_980_ecustom--AboveMarketAcquiredCharters_iS_pn3n3_c20190101__20191231_zV3rAS6lT6kf" style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt" title="Carrying amount, beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b> <b><span title="Carrying amount as at January 1, 2019">60,655</span></b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amortization</span></td> <td id="xdx_980_ecustom--AmortizationOfAboveMarketAcquiredCharters_iN_pn3n3_di_c20190101__20191231_zFSAvfTHP0f5" style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt" title="Amortization"><span style="font: 10pt Times New Roman, Times, Serif">$(14,380)</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Carrying amount as at December 31, 2019</b></span></td> <td id="xdx_98D_ecustom--AboveMarketAcquiredCharters_iE_pn3n3_c20190101__20191231_zdYgBDZjyBn" style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt" title="Carrying amount, end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$ 46,275</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amortization</span></td> <td id="xdx_988_ecustom--AmortizationOfAboveMarketAcquiredCharters_iN_pn3n3_di_c20200101__20201231_zrJTRBBafUm4" style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(11,696)</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Carrying amount as at December 31, 2020</b></span></td> <td id="xdx_981_ecustom--AboveMarketAcquiredCharters_iE_pn3n3_c20200101__20201231_zJeE5phBfBje" style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right" title="Carrying amount, end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$ <span title="Carrying amount as at December 31, 2020">34,579</span></b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> </td></tr> </table> <p id="xdx_8A6_zdSG9pd858b7" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">As of December 31, 2020, the remaining carrying amount of unamortized above market acquired time charters was $<span id="xdx_90B_ecustom--AboveMarketAcquiredCharters_iI_pn3n3_c20201231_z2LL2dn26kj8">34,579</span> and will be amortized in future years as follows:</p> <p id="xdx_899_ecustom--AboveMarketAcquiredCharterFutureAmortizationExpenseTableTextBlock_zREwd4lDQpF" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_8BD_zEubWrjI34ja" style="display: none">Above market acquired charters - Future amortization expense (Table)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"/> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 85%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>For the year ending </b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>December 31,</b></p></td> <td id="xdx_495_20201231_zF3I8RnMT255" style="width: 15%; padding-left: 7.2pt"><span style="font: 8pt Times New Roman, Times, Serif"><b>Amount</b></span></td></tr> <tr id="xdx_40D_ecustom--AmortizationOfAboveMarketAcquiredChartersNextRollingTwelveMonths_iI_pn3n3_maAMACzyqV_maAMACzAVp_zh5eOqiCGKj4" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,417</span></td></tr> <tr id="xdx_40B_ecustom--AmortizationOfAboveMarketAcquiredChartersRollingYearTwo_iI_pn3n3_maAMACzyqV_maAMACzAVp_zKw5lykWnJx1"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,371</span></td></tr> <tr id="xdx_406_ecustom--AmortizationOfAboveMarketAcquiredChartersRollingYearThree_iI_pn3n3_maAMACzyqV_maAMACzAVp_zl4afdiBcOue" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,371</span></td></tr> <tr id="xdx_403_ecustom--AmortizationOfAboveMarketAcquiredChartersRollingYearFour_iI_pn3n3_maAMACzyqV_maAMACzAVp_zksGjBwKstwh"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,326</span></td></tr> <tr id="xdx_406_ecustom--AmortizationOfAboveMarketAcquiredChartersRollingYearFive_iI_pn3n3_maAMACzyqV_maAMACzAVp_zP0da1BcBS9f" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2025</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,094</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_406_ecustom--AboveMarketAcquiredCharters_iTI_pn3n3_mtAMACzyqV_mtAMACzAVp_z1UAFAhIhzKe"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$      34,579</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> </table> <p id="xdx_8A3_zQZxJfk9T9Ud" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> 11696000 14380000 14380000 <p id="xdx_896_ecustom--AboveMarketAcquiredChartersTableTextBlock_zJGjHOW8865i" style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The following table presents an analysis of above market acquired charters:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"><span id="xdx_8B6_z1us5wFGH4yg" style="display: none">Above market acquired charters (Table)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; width: 83%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>Above market acquired charters</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="width: 17%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Book Value</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Carrying amount as at January 1, 2019</b></span></td> <td id="xdx_980_ecustom--AboveMarketAcquiredCharters_iS_pn3n3_c20190101__20191231_zV3rAS6lT6kf" style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt" title="Carrying amount, beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b> <b><span title="Carrying amount as at January 1, 2019">60,655</span></b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amortization</span></td> <td id="xdx_980_ecustom--AmortizationOfAboveMarketAcquiredCharters_iN_pn3n3_di_c20190101__20191231_zFSAvfTHP0f5" style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt" title="Amortization"><span style="font: 10pt Times New Roman, Times, Serif">$(14,380)</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Carrying amount as at December 31, 2019</b></span></td> <td id="xdx_98D_ecustom--AboveMarketAcquiredCharters_iE_pn3n3_c20190101__20191231_zdYgBDZjyBn" style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt" title="Carrying amount, end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$ 46,275</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amortization</span></td> <td id="xdx_988_ecustom--AmortizationOfAboveMarketAcquiredCharters_iN_pn3n3_di_c20200101__20201231_zrJTRBBafUm4" style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(11,696)</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Carrying amount as at December 31, 2020</b></span></td> <td id="xdx_981_ecustom--AboveMarketAcquiredCharters_iE_pn3n3_c20200101__20201231_zJeE5phBfBje" style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right" title="Carrying amount, end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$ <span title="Carrying amount as at December 31, 2020">34,579</span></b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> </td></tr> </table> 60655000 14380000 46275000 11696000 34579000 34579000 <p id="xdx_899_ecustom--AboveMarketAcquiredCharterFutureAmortizationExpenseTableTextBlock_zREwd4lDQpF" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_8BD_zEubWrjI34ja" style="display: none">Above market acquired charters - Future amortization expense (Table)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"/> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 85%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>For the year ending </b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>December 31,</b></p></td> <td id="xdx_495_20201231_zF3I8RnMT255" style="width: 15%; padding-left: 7.2pt"><span style="font: 8pt Times New Roman, Times, Serif"><b>Amount</b></span></td></tr> <tr id="xdx_40D_ecustom--AmortizationOfAboveMarketAcquiredChartersNextRollingTwelveMonths_iI_pn3n3_maAMACzyqV_maAMACzAVp_zh5eOqiCGKj4" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,417</span></td></tr> <tr id="xdx_40B_ecustom--AmortizationOfAboveMarketAcquiredChartersRollingYearTwo_iI_pn3n3_maAMACzyqV_maAMACzAVp_zKw5lykWnJx1"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,371</span></td></tr> <tr id="xdx_406_ecustom--AmortizationOfAboveMarketAcquiredChartersRollingYearThree_iI_pn3n3_maAMACzyqV_maAMACzAVp_zl4afdiBcOue" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,371</span></td></tr> <tr id="xdx_403_ecustom--AmortizationOfAboveMarketAcquiredChartersRollingYearFour_iI_pn3n3_maAMACzyqV_maAMACzAVp_zksGjBwKstwh"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,326</span></td></tr> <tr id="xdx_406_ecustom--AmortizationOfAboveMarketAcquiredChartersRollingYearFive_iI_pn3n3_maAMACzyqV_maAMACzAVp_zP0da1BcBS9f" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2025</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,094</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_406_ecustom--AboveMarketAcquiredCharters_iTI_pn3n3_mtAMACzyqV_mtAMACzAVp_z1UAFAhIhzKe"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$      34,579</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> </table> 8417000 8371000 8371000 8326000 1094000 34579000 <p id="xdx_80B_eus-gaap--DebtDisclosureTextBlock_zZDv7xwoSPYj" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>8. <span id="xdx_820_z2zM8hm3jfSd">Long-Term Debt</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0">Long-term debt consists of the following credit facilities and sale and lease back agreements (the “financing arrangements”):</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p> <p id="xdx_896_eus-gaap--ScheduleOfDebtTableTextBlock_zrwH9cQyKvbk" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_8B0_zg4N2zKMDZEe" style="display: none">Long-Term Debt - Bank Loans (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 7%; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; width: 2%; line-height: 0.05pt"> </td> <td style="width: 50%; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; width: 2%; line-height: 0.05pt"> </td> <td style="width: 4%; line-height: 0.05pt"> </td> <td style="width: 8%; line-height: 0.05pt"> </td> <td style="width: 2%; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; width: 2%; line-height: 0.05pt"> </td> <td style="width: 4%; line-height: 0.05pt"> </td> <td style="width: 8%; line-height: 0.05pt"> </td> <td style="width: 2%; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; width: 2%; line-height: 0.05pt"> </td> <td style="width: 7%; line-height: 0.05pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"><span style="font: 8pt Times New Roman, Times, Serif"><b>Bank loans and Financing arrangements</b></span></td> <td style="padding-right: 0.8pt"> </td> <td colspan="2"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: right"><b>As of December 31,</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: right"><b>2020</b></p></td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td colspan="2"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: right"><b>As of December 31,</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: right"><b>2019</b></p></td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>Margin</b></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(i)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="text-align: left; vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif"> Issued in September 2017 maturing in October 2023 (the “2017 credit facility”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInSeptember2017MaturingInOctober2023Member_zxtGr2Wn722h" title="Total long-term debt">122,324</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20191231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInSeptember2017MaturingInOctober2023Member_zrIXaDCEFIe3" title="Total long-term debt">262,385</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInSeptember2017MaturingInOctober2023Member_zqeHHKlgkxSe" title="Margin">3.25%</span></span></td></tr> <tr> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(ii)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="text-align: left; vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif">Issued in January 2020 maturing in January 2025 (the “2020 credit facility”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInJanuary2020MaturingInJanuary2025Member_z8nMT7cqBF41" title="Total long-term debt">35,920</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInJanuary2020MaturingInJanuary2025Member_zUCTFpULrbXa" title="Margin">2.55%</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(iii)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif">Issued in January 2020 maturing in January 2025 (the “CMBFL financing arrangement”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInJanuary2020MaturingInJanuary2025IMember_zC6szGBJYSVf" title="Total long-term debt">36,100</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInJanuary2020MaturingInJanuary2025IMember_zHERXRKSDXwf" title="Margin">2.55%</span></span></td></tr> <tr> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(iv)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif">Issued in January 2020 maturing in January 2025 (the “CMBFL financing arrangement”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 6.35pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInJanuary2020MaturingInJanuary2025IIMember_zgYE6eoIWLy3" title="Total long-term debt">36,100</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInJanuary2020MaturingInJanuary2025IIMember_zACy7nCYuto4" title="Margin">2.55%</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(v)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif">Issued in May 2020 maturing in May 2027 (the “ICBCFL financing arrangement”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 6.35pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInMay2020MaturingInMay2027Member_z9tRwCa0ywjb" title="Total long-term debt">49,324</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInMay2020MaturingInMay2027Member_ztNTMkbCLgTg" title="Margin">2.60%</span></span></td></tr> <tr> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(vi)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif">Issued in May 2020 maturing in May 2027 (the “ICBCFL financing arrangement”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 6.35pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInMay2020MaturingInMay2027IMember_z6ktNRM4eVwc" title="Total long-term debt">50,570</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInMay2020MaturingInMay2027IMember_z41cfQ9CuhT4" title="Margin">2.60%</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(vii)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif">Issued in May 2020 maturing in May 2027 (the “ICBCFL financing arrangement”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 6.35pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInMay2020MaturingInMay2027IIMember_zSR7PQNGsVNa" title="Total long-term debt">49,324</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInMay2020MaturingInMay2027IIMember_z2u2TP4P49S6" title="Margin">2.60%</span></span></td></tr> <tr> <td style="vertical-align: top; text-align: right; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total long-term debt</b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90B_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231_zIyG6AVSS6Aj" title="Total long-term debt">379,662</span></b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90A_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20191231_zT3e0IqcTOD6" title="Total long-term debt">262,385</span></b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; line-height: 0.05pt"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; text-align: right; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">Less: Deferred loans and financing arrangements issuance costs</span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--DeferredFinanceCostsNet_iI_pn3n3_c20201231_zNP4tqXwITae" title="Less: Deferred loans and financing arrangements issuance costs">5,338</span></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--DeferredFinanceCostsNet_iI_pn3n3_c20191231_z7Aqg71K2J3f" title="Less: Deferred loans and financing arrangements issuance costs">3,399</span></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: top; line-height: 0.05pt"> </td></tr> <tr> <td style="vertical-align: top; text-align: right; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total long-term debt, net</b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_908_eus-gaap--LongTermDebt_iI_pn3n3_c20201231_zm3uiEcvt7z2" title="Total long-term debt, net">374,324</span></b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_902_eus-gaap--LongTermDebt_iI_pn3n3_c20191231_znPttOtIVLl6" title="Total long-term debt, net">258,986</span></b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; line-height: 0.05pt"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; text-align: right; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">Less: Current portion of long-term debt</span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_ecustom--LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent_iNI_pn3n3_di_c20201231_zyjtWFD8CPF2" title="Less: Current portion of long-term debt">37,210</span></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_ecustom--LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent_iNI_pn3n3_di_c20191231_z43zEeJDCgd6" title="Less: Current portion of long-term debt">29,145</span></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: top; line-height: 0.05pt"> </td></tr> <tr> <td style="vertical-align: top; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">Add: Current portion of deferred loans and financing arrangements issuance costs</span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_eus-gaap--DeferredFinanceCostsCurrentNet_iI_pn3n3_c20201231_zdYKYUcp0MHe" title="Add: Current portion of deferred loans and financing arrangements issuance costs">1,400</span></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--DeferredFinanceCostsCurrentNet_iI_pn3n3_c20191231_zCBlHl9r7XXd" title="Add: Current portion of deferred loans and financing arrangements issuance costs">2,148</span></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: top; line-height: 0.05pt"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; text-align: right; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Long-term debt, net</b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_906_eus-gaap--LongTermDebtNoncurrent_iI_pn3n3_c20201231_zznoUSFRh1R8" title="Long-term debt, net">338,514</span></b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_907_eus-gaap--LongTermDebtNoncurrent_iI_pn3n3_c20191231_zLzarzPiEeZh" title="Long-term debt, net">231,989</span></b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; line-height: 0.05pt"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_8A8_zCJ10jmDtjHl" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On <span id="xdx_90A_eus-gaap--DebtInstrumentIssuanceDate1_dd_c20200101__20200117__us-gaap--LongtermDebtTypeAxis__custom--MVAthenianMember_zL8gLeViYzR2">January 17, 2020</span> the Partnership entered into a new term loan facility (ii) of up to $<span title="Amount drawn down"><span id="xdx_907_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20200101__20200122__us-gaap--LongtermDebtTypeAxis__custom--MVAthenianMember_zQ2hYoDcoIva" title="Amount drawn down"><span id="xdx_906_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20200117__us-gaap--LongtermDebtTypeAxis__custom--MVAthenianMember_zn2rsOX9WIfa" title="Maximum borrowing capacity">38,500</span></span></span>, for the purpose of partially financing the acquisition of the shares of the company owning the M/V Athenian (Note 6). The full amount of the facility was drawn on January 22, 2020 and is payable in <span id="xdx_905_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallment_uPure_c20200101__20200117__us-gaap--LongtermDebtTypeAxis__custom--MVAthenianMember_zT9bzLwIhEge">20</span> consecutive <span id="xdx_903_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20200117__us-gaap--LongtermDebtTypeAxis__custom--MVAthenianMember_zw0hmIZZxzhc">quarterly</span> installments of $<span id="xdx_906_eus-gaap--LineOfCreditFacilityPeriodicPaymentPrincipal_pn3n3_c20200101__20200117__us-gaap--LongtermDebtTypeAxis__custom--MVAthenianMember_zN7h93tpZj3g">860</span> beginning three months after the drawdown date plus a balloon payment of $<span id="xdx_902_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20200117__us-gaap--LongtermDebtTypeAxis__custom--MVAthenianMember_z5Hs3B9aSSG">21,300</span> payable together with the last quarterly installment due in January 2025. The loan facility bears interest at <span id="xdx_907_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20200117__us-gaap--LongtermDebtTypeAxis__custom--MVAthenianMember_zqmkPLzDMFv2" title="Debt variable rate basis">Libor</span> plus a margin of <span id="xdx_904_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20200101__20200117__us-gaap--LongtermDebtTypeAxis__custom--MVAthenianMember_z4kPeKOsotS8" title="Margin">2.55%</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On <span id="xdx_904_eus-gaap--SaleLeasebackTransactionDate_uPure_c20200101__20200120__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAthosMember_zML1yuhsqKU2" title="Sale Leaseback Transaction, Date"><span id="xdx_901_eus-gaap--SaleLeasebackTransactionDate_uPure_c20200101__20200120__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAristomenisMember_zSdyqSW9UO3l" title="Sale Leaseback Transaction, Date">January 20, 2020</span></span>, the Partnership entered into two separate agreements (iii) and (iv), for the sale and lease back of the vessels M/V Athos and M/V Aristomenis (Note 6) with CMB Financial Leasing Co., Ltd, (“CMBFL”) for up to $<span id="xdx_908_ecustom--SaleAndLeasebackTransactionGrossCashInflowFinancingArrangement_pn3n3_uUSD_c20200101__20200123__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAthosMember_zuTvhlphRjU1"><span id="xdx_900_ecustom--SaleAndLeasebackTransactionGrossCashInflowFinancingArrangement_pn3n3_uUSD_c20200101__20200123__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAristomenisMember_zchsMR6e6qLk">38,500</span></span> each. The lease agreements have a duration of <span id="xdx_90B_eus-gaap--DebtInstrumentTerm_dt_c20200101__20200120__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAthosMember_zPwl8ggrJuN8" title="Debt Instrument, Term"><span id="xdx_902_eus-gaap--DebtInstrumentTerm_dt_c20200101__20200120__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAristomenisMember_zVqPuIYyC4Ak" title="Debt Instrument, Term">five years</span></span>, bear an interest at <span id="xdx_90C_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20200120__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAthosMember_zrUka6xo0yj2" title="Debt variable rate basis"><span id="xdx_90A_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20200120__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAristomenisMember_zeyz4DkwTpvj" title="Debt variable rate basis">Libor</span></span> plus a margin of <span id="xdx_90D_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20200101__20200120__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAthosMember_zl14DcyK7P79" title="Margin"><span id="xdx_90D_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20200101__20200120__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAristomenisMember_zYbYhIMgY5x" title="Margin">2.55</span></span>% and include a purchase option for the Partnership to acquire each vessel on expiration of the lease at the predetermined price of $<span id="xdx_903_ecustom--PurchaseOptionToAcquireVesselUnderFinancingArrangement_iI_pn3n3_c20200120__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAthosMember_zuMXOlbFH0eg" title="Purchase option to acquire vessel under a financing arrangement"><span id="xdx_90D_ecustom--PurchaseOptionToAcquireVesselUnderFinancingArrangement_iI_pn3n3_c20200120__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAristomenisMember_zd8DywbCjul3" title="Purchase option to acquire vessel under a financing arrangement">22,500</span></span> or pay the amount of $<span id="xdx_902_ecustom--AmountPayableAtTheExpirationOfTheLeaseIfTheOptionToAcquireTheVesselIsNotExcercised_pn3n3_c20200101__20200120__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAthosMember_zBb1GV96e78c" title="Amount payable at the expiration of the lease if the option to acquire the vessel is not excercised"><span id="xdx_90A_ecustom--AmountPayableAtTheExpirationOfTheLeaseIfTheOptionToAcquireTheVesselIsNotExcercised_pn3n3_c20200101__20200120__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAristomenisMember_z6EHtnuUkNma" title="Amount payable at the expiration of the lease if the option to acquire the vessel is not excercised">7,500</span></span> to CMBFL, if the option is not exercised. In addition, the Partnership has various purchase options commencing from the first year anniversary of the lease. The full amounts were drawn down on January 23, 2020. The transaction was classified as a financing arrangement at the commencement of the lease since the existence of various purchase options retained by the Partnership commencing from the first year anniversary, including the option to acquire the vessel at expiration at predetermined price, precludes the transfer of control over the vessel to CMBFL for the transaction to qualify as sale.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 27, 2020 the Partnership drew down the total amount of $<span id="xdx_906_ecustom--SaleAndLeasebackTransactionGrossCashInflowFinancingArrangement_pn3n3_c20200101__20200527__us-gaap--LongtermDebtTypeAxis__custom--MVAkadimosCMACGMUruguayAndCMACGMMagdalenaMember_zL3SUV1cFJH6">155,350 </span>pursuant to three separate agreements entered into in May 2020 with ICBC Financial Leasing Co., Ltd. (“ICBCFL”) (v), (vi) and (vii), for the sale and lease back of three vessels previously under the 2017 credit facility (the “Re-financing”), namely the M/V Akadimos, the CMA CGM Uruguay and the CMA CGM Magdalena, and fully repaid the then outstanding balance relating to these three vessels under the 2017 credit facility amounting to $<span id="xdx_903_eus-gaap--RepaymentsOfDebt_pn3n3_c20200101__20200527__us-gaap--LongtermDebtTypeAxis__custom--MVAkadimosCMACGMUruguayAndCMACGMMagdalenaMember_zPu40hnYJ5oi">116,515</span>. The leases have a duration of <span id="xdx_908_eus-gaap--DebtInstrumentTerm_dt_c20200101__20200527__us-gaap--LongtermDebtTypeAxis__custom--MVAkadimosCMACGMUruguayAndCMACGMMagdalenaMember_z4Rv8f0hy96">seven years</span>, bear interest at <span id="xdx_905_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20200527__us-gaap--LongtermDebtTypeAxis__custom--MVAkadimosCMACGMUruguayAndCMACGMMagdalenaMember_zjKKF70hVCXh">Libor </span>plus a margin of <span id="xdx_90E_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20200101__20200527__us-gaap--LongtermDebtTypeAxis__custom--MVAkadimosCMACGMUruguayAndCMACGMMagdalenaMember_z8lFbHfwB6P1">2.60% </span>and include mandatory purchase obligation for the Partnership to repurchase the vessels on expiration at the predetermined price of $<span id="xdx_900_ecustom--MandatoryPurchaseObligationOnSaleLeasebackAgreementExpiration_iI_pn3n3_c20200527__us-gaap--LongtermDebtTypeAxis__custom--MVAkadimosCMACGMUruguayAndCMACGMMagdalenaMember_zjysOEUvCLsg">77,700 </span>in total. The current portion of long-term debt, as of December 31, 2019 presented in the above table, has been adjusted to include the effect of the Re-financing with ICBFL. The transaction was classified as a financing arrangement at the commencement of the lease since it includes the obligation to acquire the vessel at expiration at predetermined price which precludes the transfer of control over the vessel to ICBCFL for the transaction to qualify as sale.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">In connection with the DSS Transaction (Note 1), the Partnership during 2019 prepaid an amount of $<span id="xdx_90C_eus-gaap--RepaymentsOfLinesOfCredit_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionAxis__custom--TransactionAgreementMember__us-gaap--LongtermDebtTypeAxis__custom--CreditFacilityII2017Member_zqf25fe66Duk" title="Repayment amount">89,298</span> under the 2017 credit facility and fully repaid all amounts outstanding under the 2015 credit facility and the Aristaios credit facility. The aggregate amounts repaid were $<span id="xdx_901_eus-gaap--RepaymentsOfLinesOfCredit_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionAxis__custom--TransactionAgreementMember__us-gaap--LongtermDebtTypeAxis__custom--CreditFacility2015AndCreditFacility2017AndAristaiosCreditFaciltityMember_znaZw3p3USma" title="Repayment amount">146,517</span> plus accrued interest and breakage costs. The Partnership presents interest expense and amortization of deferred loan issuance costs for the years ended December 31, 2019 and 2018 relating to the Tanker Business contributed in the DSS Transaction within discontinued operations (Note 3).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">In March 2019, in connection with the DSS Transaction (Note 1), the Partnership entered into a Deed of Amendment and Restatement agreement with its 2017 credit facility lenders. According to this agreement, the amended 2017 credit facility was payable in <span id="xdx_90D_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallment_uPure_c20190101__20191231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacility2017AmendmentMember_z51FcXAYHOKb" title="Repayment instalments">19</span> equal <span id="xdx_90B_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20190101__20191231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacility2017AmendmentMember_zXQVaQHj8l5k" title="Frequency of payments">quarterly</span> installments of $<span id="xdx_90B_eus-gaap--LineOfCreditFacilityPeriodicPaymentPrincipal_pn3n3_c20190101__20191231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacility2017AmendmentMember_zc4VZ0hGwfc5" title="Repayment amount">7,703</span> beginning in <span title="Starting period of payment installments"><span title="Starting period of payment installments::XDX::April%2030%2C%202019">April 2019</span> </span> in addition to a balloon installment of $<span id="xdx_902_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20191231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacility2017AmendmentMember_zgCWEsoMNjY1" title="Ballon payment, payable together with the final quarterly installment">139,130</span>, payable together with the final quarterly installment in the fourth quarter of 2023. Following the repayment and the Re-financing with ICBFL in May 2020, as described above, the 2017 credit facility is payable in <span id="xdx_904_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallment_uPure_c20200101__20200531__us-gaap--LongtermDebtTypeAxis__custom--CreditFacility2017AmendmentMember__srt--StatementScenarioAxis__custom--FollowingTheRepaymentAndTheRefinancingWithICBFLMember_zK6W28WzoYy5">14</span> equal <span id="xdx_900_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20200531__us-gaap--LongtermDebtTypeAxis__custom--CreditFacility2017AmendmentMember__srt--StatementScenarioAxis__custom--FollowingTheRepaymentAndTheRefinancingWithICBFLMember_zvF06PYrJIMh">quarterly</span> installments of $<span id="xdx_905_eus-gaap--LineOfCreditFacilityPeriodicPaymentPrincipal_pn3n3_c20200101__20200531__us-gaap--LongtermDebtTypeAxis__custom--CreditFacility2017AmendmentMember__srt--StatementScenarioAxis__custom--FollowingTheRepaymentAndTheRefinancingWithICBFLMember_zF66BdQ6PVX3">4,069</span> starting in July 2020 in addition to a balloon installment of $<span id="xdx_90E_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20200531__us-gaap--LongtermDebtTypeAxis__custom--CreditFacility2017AmendmentMember__srt--StatementScenarioAxis__custom--FollowingTheRepaymentAndTheRefinancingWithICBFLMember_zWRzSY3P9m9e">73,493</span> payable together with the final quarterly installment in the fourth quarter of 2023. All other terms and conditions remained unchanged.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">During the year ended December 31, 2020 and 2019 the Partnership repaid the amount of $<span id="xdx_90E_eus-gaap--RepaymentsOfDebt_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacilitiesAndFinancingArrangementsMember_zsntM7jxecW6">37,058</span> and $<span id="xdx_900_eus-gaap--RepaymentsOfDebt_pn3n3_c20190101__20191231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacilitiesAndFinancingArrangementsMember_z3JDNDhlaNj1">32,733</span>, respectively, in line with the amortization schedule of its credit facilities and financing arrangements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The Partnership’s credit facilities and financing arrangements contain customary ship finance covenants, including restrictions on changes in management and ownership of the mortgaged vessels, the incurrence of additional indebtedness and the mortgaging of vessels and requirements such as that the ratio of EBITDA to net interest expenses to be no less than <span id="xdx_902_ecustom--RatioOfEBITDAToNetInterestExpense_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--CovenantsMember_zRqapJKdaL9a" title="Ratio Of EBITDA To Net Interest Expense">2:1</span>, a minimum cash requirement of $<span id="xdx_909_eus-gaap--RestrictedCashAndCashEquivalents_iI_pn3n3_c20201231__us-gaap--DebtInstrumentAxis__custom--CovenantsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PerVesselMember_zIribETxynWk">500 </span>per vessel, that the ratio of net total indebtedness to the total assets of the Partnership adjusted for the market value of the fleet not to exceed <span id="xdx_90F_ecustom--RatioOfIndebtednessToTotalFleetMarketValue1_dp_uPure_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--CovenantsMember_zVhHKP1pq9j2" title="Net Total Indebtedness to the aggregate Market Value of the Total fleet">0.75:1</span>. The Partnership’s credit facilities and financing arrangements also contain a collateral maintenance requirement under which the aggregate fair market value of the collateral vessels should not be less than <span id="xdx_909_ecustom--CollateralMaintenanceRequirement_dp_uPure_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--CovenantsMember__us-gaap--LongtermDebtTypeAxis__custom--CreditFacility2017ICBCFLFinancingArrangementandCreditFacility2020Member_zHiJ4HnVQTc2">125% </span>of the outstanding amounts under the 2017 credit facility, the ICBCFL financing arrangement and the 2020 credit facility, and <span id="xdx_906_ecustom--CollateralMaintenanceRequirement_dp_uPure_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--CovenantsMember__us-gaap--LongtermDebtTypeAxis__custom--CMBFLFinancingArrangementsMember_zTTbf6JBS3Xj">120% </span>of the outstanding amount under the CMBFL financing arrangements. Also the vessel-owning companies may pay dividends or make distributions only when no event of default has occurred and the payment of such dividend or distribution has not resulted in a breach of any of the financial covenants. As of December 31, 2020 and 2019 the Partnership was in compliance with all financial covenants.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The credit facilities and financing arrangements include a general assignment of the earnings, insurances and requisition compensation of the respective collateral vessel or vessels. They also require additional security, such as pledge and charge on current accounts and mortgage interest insurance.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0">As of December 31, 2020, there were no undrawn amounts under the Partnership’s credit facilities and financing arrangements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">For the years ended December 31, 2020, 2019 and 2018, the Partnership recorded interest expense from continuing operations of $<span id="xdx_905_eus-gaap--InterestExpense_pn3n3_c20200101__20201231_zf9erl4xjh44" title="Interest expense from continuing operations">13,761</span>, $<span id="xdx_901_eus-gaap--InterestExpense_pn3n3_c20190101__20191231_zxdgJUYQ0lha" title="Interest expense from continuing operations">15,836</span> and $<span id="xdx_903_eus-gaap--InterestExpense_pn3n3_c20180101__20181231_zJwPaSIbs3k3" title="Interest expense from continuing operations">17,422</span> respectively, which is included in “Interest expense and finance cost” in the consolidated statements of comprehensive income / (loss). For the years ended December 31, 2020, 2019 and 2018 the weighted average interest on the Partnership’s long term debt was <span id="xdx_904_eus-gaap--LongTermDebtWeightedAverageInterestRateOverTime_dp_uPure_c20200101__20201231_zijQsVgeX6h3" title="Weighted average interest rate">3.6%</span>, <span id="xdx_903_eus-gaap--LongTermDebtWeightedAverageInterestRateOverTime_dp_uPure_c20190101__20191231_zIWPNs51dJfh" title="Weighted average interest rate">5.7%</span> and <span id="xdx_905_eus-gaap--LongTermDebtWeightedAverageInterestRateOverTime_dp_uPure_c20180101__20181231_zdGyKFAKLq9i" title="Weighted average interest rate">5.4%</span> respectively.</p> <p id="xdx_895_eus-gaap--ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_zwBwXbd6iXI5" style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The required annual payments to be made subsequently to December 31, 2020 are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b><span id="xdx_8B3_zxTThxSVlzG2" style="display: none">Long-Term Debt - Required Annual Loan Payments (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; background-color: #CCEEFF; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 84%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>For the year ending </b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>December 31,</b></p></td> <td id="xdx_49C_20201231_zFveJN9YT3o7" style="width: 16%; padding-left: 7.2pt"><span style="font: 8pt Times New Roman, Times, Serif"><b>Amount</b></span></td></tr> <tr id="xdx_408_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_maDICAzVfu_z8WOwaHBJIza" style="background-color: White"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">37,210</span></td></tr> <tr id="xdx_40A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_maDICAzVfu_zRmSYjYP15h5" style="background-color: #CCECFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">37,210</span></td></tr> <tr id="xdx_40B_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_maDICAzVfu_zDkeUqRhhyE" style="background-color: white"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">110,703</span></td></tr> <tr id="xdx_40C_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_maDICAzVfu_zXH3wYp0xRRe" style="background-color: #CCECFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">20,933</span></td></tr> <tr id="xdx_405_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_maDICAzVfu_ziuN4wHGPup2" style="background-color: White"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2025</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">79,853</span></td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_maDICAzVfu_z9m5gj8jQbpf" style="background-color: #CCECFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Thereafter</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">93,753</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_40A_eus-gaap--DebtInstrumentCarryingAmount_iTI_mtDICAzVfu_ztqHq6aCvWM4" style="background-color: white"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>379,662</b></span></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> </table> <p id="xdx_8A7_zQWcvIayMKu2" style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p> <p id="xdx_896_eus-gaap--ScheduleOfDebtTableTextBlock_zrwH9cQyKvbk" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_8B0_zg4N2zKMDZEe" style="display: none">Long-Term Debt - Bank Loans (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 7%; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; width: 2%; line-height: 0.05pt"> </td> <td style="width: 50%; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; width: 2%; line-height: 0.05pt"> </td> <td style="width: 4%; line-height: 0.05pt"> </td> <td style="width: 8%; line-height: 0.05pt"> </td> <td style="width: 2%; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; width: 2%; line-height: 0.05pt"> </td> <td style="width: 4%; line-height: 0.05pt"> </td> <td style="width: 8%; line-height: 0.05pt"> </td> <td style="width: 2%; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; width: 2%; line-height: 0.05pt"> </td> <td style="width: 7%; line-height: 0.05pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"><span style="font: 8pt Times New Roman, Times, Serif"><b>Bank loans and Financing arrangements</b></span></td> <td style="padding-right: 0.8pt"> </td> <td colspan="2"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: right"><b>As of December 31,</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: right"><b>2020</b></p></td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td colspan="2"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: right"><b>As of December 31,</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: right"><b>2019</b></p></td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>Margin</b></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(i)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="text-align: left; vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif"> Issued in September 2017 maturing in October 2023 (the “2017 credit facility”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInSeptember2017MaturingInOctober2023Member_zxtGr2Wn722h" title="Total long-term debt">122,324</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20191231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInSeptember2017MaturingInOctober2023Member_zrIXaDCEFIe3" title="Total long-term debt">262,385</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInSeptember2017MaturingInOctober2023Member_zqeHHKlgkxSe" title="Margin">3.25%</span></span></td></tr> <tr> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(ii)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="text-align: left; vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif">Issued in January 2020 maturing in January 2025 (the “2020 credit facility”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInJanuary2020MaturingInJanuary2025Member_z8nMT7cqBF41" title="Total long-term debt">35,920</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInJanuary2020MaturingInJanuary2025Member_zUCTFpULrbXa" title="Margin">2.55%</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(iii)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif">Issued in January 2020 maturing in January 2025 (the “CMBFL financing arrangement”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInJanuary2020MaturingInJanuary2025IMember_zC6szGBJYSVf" title="Total long-term debt">36,100</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInJanuary2020MaturingInJanuary2025IMember_zHERXRKSDXwf" title="Margin">2.55%</span></span></td></tr> <tr> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(iv)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif">Issued in January 2020 maturing in January 2025 (the “CMBFL financing arrangement”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 6.35pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInJanuary2020MaturingInJanuary2025IIMember_zgYE6eoIWLy3" title="Total long-term debt">36,100</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInJanuary2020MaturingInJanuary2025IIMember_zACy7nCYuto4" title="Margin">2.55%</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(v)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif">Issued in May 2020 maturing in May 2027 (the “ICBCFL financing arrangement”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 6.35pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInMay2020MaturingInMay2027Member_z9tRwCa0ywjb" title="Total long-term debt">49,324</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInMay2020MaturingInMay2027Member_ztNTMkbCLgTg" title="Margin">2.60%</span></span></td></tr> <tr> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(vi)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif">Issued in May 2020 maturing in May 2027 (the “ICBCFL financing arrangement”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 6.35pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInMay2020MaturingInMay2027IMember_z6ktNRM4eVwc" title="Total long-term debt">50,570</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInMay2020MaturingInMay2027IMember_z41cfQ9CuhT4" title="Margin">2.60%</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-align: center; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">(vii)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 5.75pt"><span style="font: 10pt Times New Roman, Times, Serif">Issued in May 2020 maturing in May 2027 (the “ICBCFL financing arrangement”)</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 6.35pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInMay2020MaturingInMay2027IIMember_zSR7PQNGsVNa" title="Total long-term debt">49,324</span></span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip0_dp_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--IssuedInMay2020MaturingInMay2027IIMember_z2u2TP4P49S6" title="Margin">2.60%</span></span></td></tr> <tr> <td style="vertical-align: top; text-align: right; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total long-term debt</b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90B_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20201231_zIyG6AVSS6Aj" title="Total long-term debt">379,662</span></b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90A_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20191231_zT3e0IqcTOD6" title="Total long-term debt">262,385</span></b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; line-height: 0.05pt"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; text-align: right; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">Less: Deferred loans and financing arrangements issuance costs</span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--DeferredFinanceCostsNet_iI_pn3n3_c20201231_zNP4tqXwITae" title="Less: Deferred loans and financing arrangements issuance costs">5,338</span></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--DeferredFinanceCostsNet_iI_pn3n3_c20191231_z7Aqg71K2J3f" title="Less: Deferred loans and financing arrangements issuance costs">3,399</span></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: top; line-height: 0.05pt"> </td></tr> <tr> <td style="vertical-align: top; text-align: right; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total long-term debt, net</b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_908_eus-gaap--LongTermDebt_iI_pn3n3_c20201231_zm3uiEcvt7z2" title="Total long-term debt, net">374,324</span></b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_902_eus-gaap--LongTermDebt_iI_pn3n3_c20191231_znPttOtIVLl6" title="Total long-term debt, net">258,986</span></b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; line-height: 0.05pt"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; text-align: right; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">Less: Current portion of long-term debt</span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_ecustom--LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent_iNI_pn3n3_di_c20201231_zyjtWFD8CPF2" title="Less: Current portion of long-term debt">37,210</span></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-top: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_ecustom--LongTermDebtCurrentIncludingDebtIssuanceCostsCurrent_iNI_pn3n3_di_c20191231_z43zEeJDCgd6" title="Less: Current portion of long-term debt">29,145</span></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: top; line-height: 0.05pt"> </td></tr> <tr> <td style="vertical-align: top; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; padding-left: 10pt; text-indent: -10pt"><span style="font: 10pt Times New Roman, Times, Serif">Add: Current portion of deferred loans and financing arrangements issuance costs</span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_eus-gaap--DeferredFinanceCostsCurrentNet_iI_pn3n3_c20201231_zdYKYUcp0MHe" title="Add: Current portion of deferred loans and financing arrangements issuance costs">1,400</span></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--DeferredFinanceCostsCurrentNet_iI_pn3n3_c20191231_zCBlHl9r7XXd" title="Add: Current portion of deferred loans and financing arrangements issuance costs">2,148</span></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: top; line-height: 0.05pt"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; text-align: right; line-height: 0.05pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Long-term debt, net</b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 4pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_906_eus-gaap--LongTermDebtNoncurrent_iI_pn3n3_c20201231_zznoUSFRh1R8" title="Long-term debt, net">338,514</span></b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_907_eus-gaap--LongTermDebtNoncurrent_iI_pn3n3_c20191231_zLzarzPiEeZh" title="Long-term debt, net">231,989</span></b></span></td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; line-height: 0.05pt"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> 122324000 262385000 0.0325 35920000 0.0255 36100000 0.0255 36100000 0.0255 49324000 0.0260 50570000 0.0260 49324000 0.0260 379662000 262385000 5338000 3399000 374324000 258986000 -37210000 -29145000 1400000 2148000 338514000 231989000 2020-01-17 38500000 38500000 20 quarterly 860000 21300000 Libor 0.0255 January 20, 2020 January 20, 2020 38500000 38500000 P5Y P5Y Libor Libor 0.0255 0.0255 22500000 22500000 7500000 7500000 155350000 116515000 P7Y Libor 0.0260 77700000 89298000 146517000 19 quarterly 7703000 139130000 14 quarterly 4069000 73493000 37058000 32733000 2:1 500000 0.75:1 1.25 1.20 13761000 15836000 17422000 0.036 0.057 0.054 <p id="xdx_895_eus-gaap--ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_zwBwXbd6iXI5" style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The required annual payments to be made subsequently to December 31, 2020 are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b><span id="xdx_8B3_zxTThxSVlzG2" style="display: none">Long-Term Debt - Required Annual Loan Payments (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; background-color: #CCEEFF; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 84%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>For the year ending </b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>December 31,</b></p></td> <td id="xdx_49C_20201231_zFveJN9YT3o7" style="width: 16%; padding-left: 7.2pt"><span style="font: 8pt Times New Roman, Times, Serif"><b>Amount</b></span></td></tr> <tr id="xdx_408_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_maDICAzVfu_z8WOwaHBJIza" style="background-color: White"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">37,210</span></td></tr> <tr id="xdx_40A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_maDICAzVfu_zRmSYjYP15h5" style="background-color: #CCECFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">37,210</span></td></tr> <tr id="xdx_40B_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_maDICAzVfu_zDkeUqRhhyE" style="background-color: white"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">110,703</span></td></tr> <tr id="xdx_40C_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_maDICAzVfu_zXH3wYp0xRRe" style="background-color: #CCECFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">20,933</span></td></tr> <tr id="xdx_405_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_maDICAzVfu_ziuN4wHGPup2" style="background-color: White"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2025</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">79,853</span></td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_maDICAzVfu_z9m5gj8jQbpf" style="background-color: #CCECFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Thereafter</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">93,753</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_40A_eus-gaap--DebtInstrumentCarryingAmount_iTI_mtDICAzVfu_ztqHq6aCvWM4" style="background-color: white"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>379,662</b></span></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> </table> 37210000 37210000 110703000 20933000 79853000 93753000 379662000 <p id="xdx_80E_eus-gaap--DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_zdoPrKXieOIa" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>9. <span id="xdx_82B_zTs5XLiVi9kh">Financial Instruments</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0 4.4pt"><b>(a)    Fair value of financial instruments</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0">The Partnership follows the accounting guidance for financial instruments that establishes a framework for measuring fair value under generally accepted accounting principles, and expands disclosure about fair value measurements. This guidance enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The statement requires that assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0 4.4pt">Level 1: Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0 4.4pt">Level 2: Inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0 4.4pt">Level 3: Inputs are unobservable inputs for the asset or liability.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The carrying value of cash and cash equivalents and restricted cash, which are considered Level 1 items as they represent liquid assets with short-term maturities, trade receivables, amounts due to related parties, trade accounts payable and accrued liabilities approximates their fair value. The fair value of long-term variable rate bank loans approximates the recorded value, due to its variable interest being the LIBOR and due to the fact the lenders have the ability to pass on their funding cost to the Partnership under certain circumstances, which reflects their current assessed risk. We believe the terms of our loans are similar to those that could be procured as of December 31, 2020. LIBOR rates are observable at commonly quoted intervals for the full term of the loans and hence bank loans are considered Level 2 items in accordance with the fair value hierarchy.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>(b)    Concentration of credit risk</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Financial instruments which potentially subject the Partnership to significant concentrations of credit risk consist principally of cash and cash equivalents and trade accounts receivable. The Partnership places its cash and cash equivalents, consisting mostly of deposits, with a limited number creditworthy financial institutions rated by qualified rating agencies. Most of the Partnership’s revenues were derived from a few charterers.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">  </p> <p id="xdx_801_eus-gaap--AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock_zcaSEKDVVGTh" style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0"><b>10. <span id="xdx_82A_z7luFU6xcLy2">Accrued Liabilities</span></b></p> <p id="xdx_895_eus-gaap--ScheduleOfAccruedLiabilitiesTableTextBlock_z84OqDkVPbN9" style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0"><span>Accrued liabilities</span> consist of the following: <span id="xdx_8B5_zBgzk65BTnP1" style="display: none">Accrued liabilities (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="padding-bottom: 10pt; line-height: 115%; width: 35%"> </td> <td id="xdx_49F_20201231_zVXwxAwec97e" style="width: 27%"> </td> <td id="xdx_493_20191231_zDSM4EPbkUgk" style="width: 38%"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 7.2pt; line-height: 2pt"> </td> <td colspan="2" style="vertical-align: bottom; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>As of December 31,</b></span></td> </tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></span></td> </tr> <tr id="xdx_40B_ecustom--AccruedLoanInterestAndLoanFees_iI_maALCzRwi_zWrJbnZOHnM5"> <td style="vertical-align: top; background-color: #CCECFF; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued loan interest and loan fees</span></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #CCECFF; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$                   1,817</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; background-color: #CCECFF; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif">$                3,403</span></td> </tr> <tr id="xdx_40E_ecustom--AccruedOperatingExpenses_iI_maALCzRwi_zdMEkeWZbVQ6"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued operating expenses</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,953</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,339</span></td> </tr> <tr id="xdx_40D_ecustom--AccruedCapitalizedExpenses_iI_maALCzRwi_zRhFln4JzCa7"> <td style="vertical-align: top; background-color: #CCECFF; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued capitalized expenses</span></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #CCECFF; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,350</span></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #CCECFF; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,263</span></td> </tr> <tr id="xdx_404_ecustom--AccruedVoyageExpensesAndCommissions_iI_maALCzRwi_zoggSjnqYnRh"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued voyage expenses and commissions</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,577</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,356</span></td> </tr> <tr id="xdx_40A_ecustom--AccruedGeneralAndAdministrativeExpenses_iI_maALCzRwi_zvi1n34GZf41"> <td style="vertical-align: top; background-color: #CCECFF; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued general and administrative expenses</span></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #CCECFF; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">992</span></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #CCECFF; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,795</span></td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="vertical-align: bottom; padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="vertical-align: bottom; padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> </tr> <tr id="xdx_404_eus-gaap--AccruedLiabilitiesCurrent_iTI_mtALCzRwi_zsN86bQCPMYg"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$                 10,689</b></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$              16,156</b></span></td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="vertical-align: bottom; padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="vertical-align: bottom; padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p id="xdx_8A8_zUCoBvdwEwc" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p id="xdx_895_eus-gaap--ScheduleOfAccruedLiabilitiesTableTextBlock_z84OqDkVPbN9" style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0"><span>Accrued liabilities</span> consist of the following: <span id="xdx_8B5_zBgzk65BTnP1" style="display: none">Accrued liabilities (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="padding-bottom: 10pt; line-height: 115%; width: 35%"> </td> <td id="xdx_49F_20201231_zVXwxAwec97e" style="width: 27%"> </td> <td id="xdx_493_20191231_zDSM4EPbkUgk" style="width: 38%"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 7.2pt; line-height: 2pt"> </td> <td colspan="2" style="vertical-align: bottom; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>As of December 31,</b></span></td> </tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2020</b></span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>2019</b></span></td> </tr> <tr id="xdx_40B_ecustom--AccruedLoanInterestAndLoanFees_iI_maALCzRwi_zWrJbnZOHnM5"> <td style="vertical-align: top; background-color: #CCECFF; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued loan interest and loan fees</span></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #CCECFF; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$                   1,817</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; background-color: #CCECFF; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif">$                3,403</span></td> </tr> <tr id="xdx_40E_ecustom--AccruedOperatingExpenses_iI_maALCzRwi_zdMEkeWZbVQ6"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued operating expenses</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,953</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,339</span></td> </tr> <tr id="xdx_40D_ecustom--AccruedCapitalizedExpenses_iI_maALCzRwi_zRhFln4JzCa7"> <td style="vertical-align: top; background-color: #CCECFF; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued capitalized expenses</span></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #CCECFF; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,350</span></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #CCECFF; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,263</span></td> </tr> <tr id="xdx_404_ecustom--AccruedVoyageExpensesAndCommissions_iI_maALCzRwi_zoggSjnqYnRh"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued voyage expenses and commissions</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,577</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,356</span></td> </tr> <tr id="xdx_40A_ecustom--AccruedGeneralAndAdministrativeExpenses_iI_maALCzRwi_zvi1n34GZf41"> <td style="vertical-align: top; background-color: #CCECFF; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued general and administrative expenses</span></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #CCECFF; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">992</span></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: #CCECFF; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,795</span></td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="vertical-align: bottom; padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="vertical-align: bottom; padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> </tr> <tr id="xdx_404_eus-gaap--AccruedLiabilitiesCurrent_iTI_mtALCzRwi_zsN86bQCPMYg"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$                 10,689</b></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$              16,156</b></span></td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="vertical-align: bottom; padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="vertical-align: bottom; padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> 1817000 3403000 4953000 5339000 1350000 4263000 1577000 1356000 992000 1795000 10689000 16156000 <p id="xdx_800_ecustom--VoyageExpensesAndVesselOperatingExpensesDisclosure_zuXfJD4Hi6d9" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>11. <span id="xdx_820_z3d0jijxYUZi">Voyage Expenses and Vessel Operating Expenses</span></b></p> <p id="xdx_898_ecustom--VoyageExpensesAndVesselOperatingExpensesTableTextBlock_zvbnrOA9LX2a" style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0 4.4pt"><span><span>Voyage expenses and vessel operating expenses</span></span> consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0 4.4pt"> <span id="xdx_8B1_zeAG5PevoBel" style="display: none">Voyage expenses and vessel operating expenses (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td id="xdx_491_20200101__20201231_zaE8mCCxxL2j" style="padding-left: 7.2pt; text-align: center"> </td> <td id="xdx_49D_20190101__20191231_zyoKb6p0G375" style="padding-left: 7.2pt; text-align: center"> </td> <td id="xdx_49F_20180101__20181231_zCJULaI1AlN4" style="padding-left: 7.2pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td colspan="3" style="padding-left: 7.2pt; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>For the years ended December 31,</b></span></td></tr> <tr> <td style="vertical-align: top; width: 55%; padding-top: 6pt"> </td> <td style="vertical-align: bottom; width: 15%; padding-left: 7.2pt; text-align: right"><span style="font: 8pt Times New Roman, Times, Serif"><b>2020</b></span></td> <td style="vertical-align: bottom; width: 15%; padding-left: 7.2pt; text-align: right"><span style="font: 8pt Times New Roman, Times, Serif"><b>2019</b></span></td> <td style="vertical-align: bottom; width: 15%; padding-left: 7.2pt; text-align: right"><span style="font: 8pt Times New Roman, Times, Serif"><b>2018</b></span></td></tr> <tr id="xdx_402_eus-gaap--OperatingExpensesAbstract_iB_zUC7h6b1OAHh" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-top: 6pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Voyage expenses:</b></span></td> <td style="vertical-align: bottom; padding-top: 6pt"> </td> <td style="vertical-align: bottom; padding-top: 6pt"> </td> <td style="vertical-align: bottom; padding-top: 6pt"> </td></tr> <tr id="xdx_40A_ecustom--Commissions_maTVEzW4m_zU5ZlXm4VESg"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Commissions</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$             2,809 </span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$             1,952</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$             2,171</span></td></tr> <tr id="xdx_400_eus-gaap--FuelCosts_maTVEzW4m_zqDQ7mRWv1Td" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Bunkers</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,349</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">89</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">             4,360</span></td></tr> <tr id="xdx_403_ecustom--PortExpenses_maTVEzW4m_zox5Sda2BHz6"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Port expenses</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">624</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">             2,217</span></td></tr> <tr id="xdx_40A_ecustom--OtherVoyageCostsAndExpenses_maTVEzW4m_zU18WVuc6m75" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Other</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,519</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">885</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">               365</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_40A_ecustom--TotalVoyageExpenses_iT_mtTVEzW4m_z6vorKr1Fzxf" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$             6,301</b></span></td> <td style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$             2,930</b></span></td> <td style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$             9,113</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_401_eus-gaap--OperatingCostsAndExpensesAbstract_iB_z9W9V56Ur9U8" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Vessel operating expenses:</b></span></td> <td style="vertical-align: bottom; padding-left: 7.2pt; text-align: right; line-height: 2pt"> </td> <td style="vertical-align: bottom; padding-left: 7.2pt; text-align: right; line-height: 2pt"> </td> <td style="vertical-align: bottom; padding-left: 7.2pt; text-align: right; line-height: 2pt"> </td></tr> <tr id="xdx_406_ecustom--CrewWagesAndRelatedCosts_maTVOEzkbo_zgJrParOLsh9"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Crew costs and related costs</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$           16,624</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$           13,375</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$          14,794</span></td></tr> <tr id="xdx_40D_eus-gaap--OperatingInsuranceAndClaimsCostsProduction_maTVOEzkbo_zqxbzfuS6gX6" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Insurance expense</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,388</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,796</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">               2,112</span></td></tr> <tr id="xdx_407_eus-gaap--CostOfPropertyRepairsAndMaintenance_maTVOEzkbo_zsoqEQ7uiFsk"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Spares, repairs, maintenance and other expenses</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,836</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,001</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">             4,396</span></td></tr> <tr id="xdx_406_ecustom--StoresAndLubricants_maTVOEzkbo_zCiFWGj1Ti2j" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Stores and lubricants</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,593</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,251</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">               3,451</span></td></tr> <tr id="xdx_400_eus-gaap--ProfessionalAndContractServicesExpense_maTVOEzkbo_zjjQn3ZDOtGk"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Management fees (Note 5)</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,976</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,917</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">             4,221</span></td></tr> <tr id="xdx_402_eus-gaap--OtherCostAndExpenseOperating_maTVOEzkbo_zsGokUrEaMS1" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Other operating expenses</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,304</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,209</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">               1,674</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_406_ecustom--TotalVesselOperatingExpenses_iT_mtTVOEzkbo_zXrG3oK1cwtb" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$           38,721</b></span></td> <td style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$           30,549</b></span></td> <td style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$           30,648</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> </table> <p id="xdx_8AB_zbPC1HhEHSBh" style="font: 10pt Times New Roman, Times, Serif; margin: 18pt 0 0"> </p> <p id="xdx_898_ecustom--VoyageExpensesAndVesselOperatingExpensesTableTextBlock_zvbnrOA9LX2a" style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0 4.4pt"><span><span>Voyage expenses and vessel operating expenses</span></span> consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0 4.4pt"> <span id="xdx_8B1_zeAG5PevoBel" style="display: none">Voyage expenses and vessel operating expenses (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td id="xdx_491_20200101__20201231_zaE8mCCxxL2j" style="padding-left: 7.2pt; text-align: center"> </td> <td id="xdx_49D_20190101__20191231_zyoKb6p0G375" style="padding-left: 7.2pt; text-align: center"> </td> <td id="xdx_49F_20180101__20181231_zCJULaI1AlN4" style="padding-left: 7.2pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td colspan="3" style="padding-left: 7.2pt; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>For the years ended December 31,</b></span></td></tr> <tr> <td style="vertical-align: top; width: 55%; padding-top: 6pt"> </td> <td style="vertical-align: bottom; width: 15%; padding-left: 7.2pt; text-align: right"><span style="font: 8pt Times New Roman, Times, Serif"><b>2020</b></span></td> <td style="vertical-align: bottom; width: 15%; padding-left: 7.2pt; text-align: right"><span style="font: 8pt Times New Roman, Times, Serif"><b>2019</b></span></td> <td style="vertical-align: bottom; width: 15%; padding-left: 7.2pt; text-align: right"><span style="font: 8pt Times New Roman, Times, Serif"><b>2018</b></span></td></tr> <tr id="xdx_402_eus-gaap--OperatingExpensesAbstract_iB_zUC7h6b1OAHh" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-top: 6pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Voyage expenses:</b></span></td> <td style="vertical-align: bottom; padding-top: 6pt"> </td> <td style="vertical-align: bottom; padding-top: 6pt"> </td> <td style="vertical-align: bottom; padding-top: 6pt"> </td></tr> <tr id="xdx_40A_ecustom--Commissions_maTVEzW4m_zU5ZlXm4VESg"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Commissions</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$             2,809 </span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$             1,952</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$             2,171</span></td></tr> <tr id="xdx_400_eus-gaap--FuelCosts_maTVEzW4m_zqDQ7mRWv1Td" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Bunkers</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,349</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">89</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">             4,360</span></td></tr> <tr id="xdx_403_ecustom--PortExpenses_maTVEzW4m_zox5Sda2BHz6"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Port expenses</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">624</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">             2,217</span></td></tr> <tr id="xdx_40A_ecustom--OtherVoyageCostsAndExpenses_maTVEzW4m_zU18WVuc6m75" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Other</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,519</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">885</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">               365</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_40A_ecustom--TotalVoyageExpenses_iT_mtTVEzW4m_z6vorKr1Fzxf" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$             6,301</b></span></td> <td style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$             2,930</b></span></td> <td style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$             9,113</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_401_eus-gaap--OperatingCostsAndExpensesAbstract_iB_z9W9V56Ur9U8" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Vessel operating expenses:</b></span></td> <td style="vertical-align: bottom; padding-left: 7.2pt; text-align: right; line-height: 2pt"> </td> <td style="vertical-align: bottom; padding-left: 7.2pt; text-align: right; line-height: 2pt"> </td> <td style="vertical-align: bottom; padding-left: 7.2pt; text-align: right; line-height: 2pt"> </td></tr> <tr id="xdx_406_ecustom--CrewWagesAndRelatedCosts_maTVOEzkbo_zgJrParOLsh9"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Crew costs and related costs</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$           16,624</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$           13,375</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$          14,794</span></td></tr> <tr id="xdx_40D_eus-gaap--OperatingInsuranceAndClaimsCostsProduction_maTVOEzkbo_zqxbzfuS6gX6" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Insurance expense</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,388</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,796</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">               2,112</span></td></tr> <tr id="xdx_407_eus-gaap--CostOfPropertyRepairsAndMaintenance_maTVOEzkbo_zsoqEQ7uiFsk"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Spares, repairs, maintenance and other expenses</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">8,836</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">5,001</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">             4,396</span></td></tr> <tr id="xdx_406_ecustom--StoresAndLubricants_maTVOEzkbo_zCiFWGj1Ti2j" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Stores and lubricants</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,593</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,251</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">               3,451</span></td></tr> <tr id="xdx_400_eus-gaap--ProfessionalAndContractServicesExpense_maTVOEzkbo_zjjQn3ZDOtGk"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Management fees (Note 5)</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,976</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,917</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">             4,221</span></td></tr> <tr id="xdx_402_eus-gaap--OtherCostAndExpenseOperating_maTVOEzkbo_zsGokUrEaMS1" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Other operating expenses</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,304</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,209</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">               1,674</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_406_ecustom--TotalVesselOperatingExpenses_iT_mtTVOEzkbo_zXrG3oK1cwtb" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$           38,721</b></span></td> <td style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$           30,549</b></span></td> <td style="white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$           30,648</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> </table> 2809000 1952000 2171000 1349000 89000 4360000 624000 4000 2217000 1519000 885000 365000 6301000 2930000 9113000 16624000 13375000 14794000 2388000 1796000 2112000 8836000 5001000 4396000 4593000 3251000 3451000 4976000 3917000 4221000 1304000 3209000 1674000 38721000 30549000 30648000 <p id="xdx_806_eus-gaap--IncomeTaxDisclosureTextBlock_z7Yw0ENVNoY6" style="font: 10pt Times New Roman, Times, Serif; margin: 18pt 0 0"><b>12. <span id="xdx_82C_zsILgOi92154">Income Taxes</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify">Under the laws of the Marshall Islands and Liberia, the countries in which the vessel-owning subsidiaries were incorporated, these companies are not subject to tax on international shipping income. However, they are subject to registration and tonnage taxes in the country in which the vessels are registered and managed from, and such taxes have been included in “Vessel operating expenses” in the consolidated statements of comprehensive income / (loss).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">Pursuant to Section 883 of the United States Internal Revenue Code (the “Code”) and the regulations thereunder, a foreign corporation engaged in the international operation of ships is generally exempt from U.S. federal income tax on its U.S.-source shipping income if the foreign corporation meets both of the following requirements: (a) the foreign corporation is organized in a foreign country that grants an “equivalent exemption” to corporations organized in the United States for the types of shipping income (e.g., voyage and time charter) earned by the foreign corporation and (b) more than 50% of the voting power and value of the foreign corporation’s stock is “primarily and regularly traded on an established securities market” in the United States and certain other requirements are satisfied (the “Publicly-Traded Test”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">Each of the jurisdictions where the Partnership’s vessel-owning subsidiaries are incorporated grants an “equivalent exemption” to United States corporations with respect to each type of shipping income earned by the Partnership’s vessel-owning subsidiaries. Additionally, our units are only traded on the Nasdaq Global Market, which is considered to be established securities market. The Partnership has satisfied the Publicly-Traded Test for the years ended December 31, 2020, 2019 and 2018 and the vessel-owning subsidiaries are exempt from United States federal income taxation with respect to U.S.-source shipping income.</p> <p id="xdx_809_eus-gaap--PartnersCapitalNotesDisclosureTextBlock_zKw3ZFHUrOK6" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>13. <span id="xdx_82D_zJ7c0txuBzse">Partners’ Capital</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0"><b><i>General:</i></b> The Partnership’s Limited Partnership Agreement (the “Partnership Agreement”) requires that within 45 days after the end of each quarter, beginning with the quarter ending June 30, 2007, all of the Partnership’s available cash be distributed to unit holders.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"><b><i>Definition of Available Cash:</i></b> Available Cash, for each fiscal quarter, consists of all cash on hand at the end of the quarter:</p> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 4%"> </td> <td style="vertical-align: top; width: 6%"><span style="font: 10pt Times New Roman, Times, Serif">•</span></td> <td style="vertical-align: top; width: 1%"> </td> <td style="vertical-align: top; width: 89%"><span style="font: 10pt Times New Roman, Times, Serif">less the amount of cash reserves established by our board of directors to:</span></td></tr> </table> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 8%"> </td> <td style="vertical-align: top; width: 6%"><span style="font: 10pt Times New Roman, Times, Serif">•</span></td> <td style="vertical-align: top; width: 1%"> </td> <td style="vertical-align: top; width: 85%"><span style="font: 10pt Times New Roman, Times, Serif">provide for the proper conduct of the Partnership’s business (including reserves for future capital expenditures and for our anticipated credit needs);</span></td></tr> </table> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 8%"> </td> <td style="vertical-align: top; width: 6%"><span style="font: 10pt Times New Roman, Times, Serif">•</span></td> <td style="vertical-align: top; width: 1%"> </td> <td style="vertical-align: top; width: 85%"><span style="font: 10pt Times New Roman, Times, Serif">comply with applicable law, any of the Partnership’s debt instruments, or other agreements; or</span></td></tr> </table> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 8%"> </td> <td style="vertical-align: top; width: 6%"><span style="font: 10pt Times New Roman, Times, Serif">•</span></td> <td style="vertical-align: top; width: 1%"> </td> <td style="vertical-align: top; width: 85%"><span style="font: 10pt Times New Roman, Times, Serif">provide funds for distributions to the Partnership’s unit holders and to the general partner for any one or more of the next four quarters;</span></td></tr> </table> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 4%"> </td> <td style="vertical-align: top; width: 6%"><span style="font: 10pt Times New Roman, Times, Serif">•</span></td> <td style="vertical-align: top; width: 1%"> </td> <td style="vertical-align: top; width: 89%"><span style="font: 10pt Times New Roman, Times, Serif">plus all cash on hand on the date of determination of available cash for the quarter resulting from working capital borrowings made after the end of the quarter. Working capital borrowings are generally borrowings that are made under our credit agreements and in all cases are used solely for working capital purposes or to pay distributions to partners subject to certain exceptions set forth in the Partnership Agreement.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"><b><i>General Partner Interest and IDRs:</i></b> The general partner has a <span id="xdx_908_ecustom--GeneralPartnerOwnershipPercentage_dp_uPure_c20200101__20201231__us-gaap--BusinessAcquisitionAxis__custom--CGPMember_zsUMbChUpfTe" title="Interest in CGP in the Partnership">1.84%</span> interest in the Partnership and holds the IDRs. In accordance with Section 5.2(b) of the Partnership Agreement, upon the issuance of additional units by the Partnership, the general partner may elect to make a contribution to the Partnership to maintain its general partner interest.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">IDRs represent the right to receive an increasing percentage of quarterly distributions of available cash from operating surplus after the minimum quarterly distribution and the target distribution levels have been achieved. According to the Partnership Agreement, as amended in 2014, the following table illustrates the percentage allocations of the additional available cash from operating surplus among the unit holders and general partner up to the various target distribution levels. The amounts set forth under “Marginal Percentage Interest in Distributions” are the percentage interests of the unit holders and general partner in any available cash from operating surplus that is being distributed up to and including the corresponding amount in the column “Total Quarterly Distribution Target Amount per Unit,” until available cash from operating surplus the Partnership distributes reaches the next target distribution level, if any. The percentage interests shown for the unit holders and general partner for the minimum quarterly distribution are also applicable to quarterly distribution amounts that are less than the minimum quarterly distribution. The percentage interests shown below assume that the Partnership’s general partner maintains a 2% general partner interest and that it has not transferred its IDR.</p> <p id="xdx_891_eus-gaap--ScheduleOfIncentiveDistributionsMadeToManagingMembersOrGeneralPartnersByDistributionTextBlock_zEt3qWKWgJR9" style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0 4.4pt"> <span id="xdx_8BC_z1xjXoYnafKj" style="display: none">Partners’ Capital - Schedule of Incentive Distributions (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt; text-align: center"> </td> <td style="text-align: right; padding-left: 7.2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>Total Quarterly</b></span></td> <td colspan="2" style="padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Marginal Percentage<br/> Interest<br/> in Distributions</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 4%; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="width: 4%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Distribution Target Amount per<br/> Unit</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="text-align: right; width: 3%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>Unitholders</b></p> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; width: 14%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>General<br/> Partner</b></p> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Minimum Quarterly Distribution</span></td> <td style="white-space: nowrap; vertical-align: top; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MinimumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_zd8fqzqZwnWf" title="Distribution Target Amount per Unit">$1.6275</span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_906_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zlmLBxT7FYP5" title="Marginal percentage interest in distributions">98 %</span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_909_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--GeneralPartnerMember_zrjQHbPzSou1">2 %</span></span></td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">First Target Distribution</span></td> <td style="white-space: nowrap; vertical-align: top; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">up to <span title="Distribution Target Amount per Unit">$<span id="xdx_90B_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MaximumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_zGpUtSDQe2mi" title="Distribution Target Amount per Unit">1.6975</span></span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_909_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zYYcl83cjQya">98 %</span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_905_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--GeneralPartnerMember_zp2dTJe572Y7">2 %</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Second Target Distribution</span></td> <td style="white-space: nowrap; vertical-align: top; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">above <span title="Distribution Target Amount per Unit">$<span id="xdx_901_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MinimumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_zAFsrdMkhpo1">1.6975</span></span> up to <span title="Distribution Target Amount per Unit">$<span id="xdx_901_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MaximumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_zZkMPiSGAdX6" title="Distrtibution Target Amount per Unit">1.8725</span></span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_901_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zWzM2NSNUJse">85 %</span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_90B_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--GeneralPartnerMember_z5K6PDQ8yMh5">15 %</span></span></td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Third Target Distribution</span></td> <td style="white-space: nowrap; vertical-align: top; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">above <span title="Distribution Target Amount per Unit">$<span id="xdx_909_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MinimumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_zIm6xd5GXYrh">1.8725</span></span> up to <span title="Distribution Target Amount per Unit">$<span id="xdx_901_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MaximumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_z8L0PZmU86J1" title="Distribution Target Amount per Unit">2.0475</span></span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_906_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zUv37YVHCjTb">75 %</span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_905_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--GeneralPartnerMember_zYDNgY51tfS9">25 %</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Thereafter</span></td> <td style="white-space: nowrap; vertical-align: top; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">above <span title="Distribution Target Amount per Unit">$<span id="xdx_900_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MinimumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_zLtAOhDocLOa">2.0475</span></span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_905_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zivmNBQ6LU1l">65 %</span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_909_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--GeneralPartnerMember_zw5RGDBCVSc3">35 %</span></span></td></tr> </table> <p id="xdx_8AC_zssVIQ4NQaj2" style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">Following the 2014’s annual general meeting, CGP unilaterally notified the Partnership that it has decided to waive its rights to receive quarterly incentive distributions between $<span id="xdx_906_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_uUSDPShares_c20200101__20201231__srt--StatementScenarioAxis__custom--RightWaivedMember__srt--RangeAxis__srt--MinimumMember__us-gaap--BusinessAcquisitionAxis__custom--CGPMember_z7JZI3SVK866" title="Distribution target amount per unit">1.6975</span> and $<span id="xdx_905_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_uUSDPShares_c20200101__20201231__srt--StatementScenarioAxis__custom--RightWaivedMember__srt--RangeAxis__srt--MaximumMember__us-gaap--BusinessAcquisitionAxis__custom--CGPMember_zXa5OwvmeLq2">1.75</span>. This waiver effectively increases the First Target Distribution and the lower band of the Second Target Distribution (as referenced in the table above) from $1.6975 to $1.75.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b/></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>Distributions of Available Cash from Operating Surplus:</i></b> Our Partnership Agreement requires that we make distributions of available cash from operating surplus for any quarter after the subordination period in the following manner assuming that the Partnership’s general partner maintains a 2% general partner interest:</p> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 4%"> </td> <td style="vertical-align: top; width: 6%"><span style="font: 10pt Times New Roman, Times, Serif">•</span></td> <td style="vertical-align: top; width: 1%"> </td> <td style="vertical-align: top; width: 89%"><span style="font: 10pt Times New Roman, Times, Serif">first, 98% to all unit holders, pro rata, and 2% to our general partner, until we distribute for each outstanding unit an amount equal to the minimum quarterly distribution for that quarter; and</span></td></tr> </table> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 4%"> </td> <td style="vertical-align: top; width: 6%"><span style="font: 10pt Times New Roman, Times, Serif">•</span></td> <td style="vertical-align: top; width: 1%"> </td> <td style="vertical-align: top; width: 89%"><span style="font: 10pt Times New Roman, Times, Serif">thereafter, in the manner described in the above table.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0"><b><i>Class B Convertible Preferred Units</i></b></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">During 2012 and 2013 the Partnership issued in total <span id="xdx_903_ecustom--ConvertiblePreferredStockSharesIssued_uShares_c20130101__20131231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__us-gaap--UnitDistributionMember_zidOI0bPuwH2">24,655,554 </span>Class B Convertible Preferred Units to a group of investors including CMTC according to two separate Class B Convertible Preferred Unit Subscription Agreements (the “Subscription Agreements”). The holders of the Class B Convertible Preferred Units had the right to convert all or a portion of such Class B Convertible Preferred Units at any time into Common Units at the conversion price of $<span id="xdx_907_ecustom--PreferredUnitsConversionPrice_uUSDPShares_c20130101__20131231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__us-gaap--UnitDistributionMember_zh7zeDljn3Fe">9 </span>per Class B Convertible Preferred Unit and a conversion rate of <span id="xdx_90E_ecustom--PreferredUnitsConversionRate_dc_uShares_c20130101__20131231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__us-gaap--UnitDistributionMember_zsTz5HItdLZ7">one </span>Common Unit per one Class B Convertible Preferred Unit. The Conversion Ratio and the Conversion Price should be adjusted upon the occurrence of certain events described in the Partnership Agreement. <span id="xdx_901_ecustom--May23June62012And2013ClassBConvertiblePreferredUnitsSubscriptionAgreementsConversionTerms_c20200101__20201231_zK2qlaFJN2Zc" title="May 23, June 6, 2012 and 2013 Class B Convertible Preferred Units Subscription Agreements Conversion Terms">Commencing on May 23, 2015, in the event the 30-day volume-weighted average trading price (“VWAP”) and the daily VWAP of the Common Units on the National Securities Exchange on which the Common Units are listed or admitted to trading exceeds 130% of the then applicable Conversion Price for at least 20 Trading Days out of the 30 consecutive Trading Day period used to calculate the 30-day VWAP (the “Partnership Mandatory Conversion Event”) the Partnership acting pursuant to direction and approval of the Conflicts Committee (following consultation with the full board of directors), should have the right to convert the Class B Convertible Preferred Units then outstanding in whole or in part into Common Units at the then-applicable Conversion Ratio. The holders of the outstanding Class B Convertible Preferred Units as of an applicable record date should be entitled to receive, in cash, when, as and if authorized by the Partnership’s board of directors or any duly authorized committee, out of legally available funds for such purpose, (a) first, the minimum quarterly Class B Convertible Preferred Unit Distribution Rate on each Class B Convertible Preferred Unit and (b) second, any cumulative Class B Convertible Preferred Unit Arrearage then outstanding, prior to any other distributions made in respect of any other Partnership Interests pursuant to the Subscription Agreements. The minimum quarterly Class B Convertible Preferred Unit Distribution Rate should be payable quarterly which is generally expected to be February 10, May 10, August 10 and November 10, or, if any such date is not a business day, the next succeeding business day.</span> No distribution on the Class B Convertible Preferred Units should be authorized by the board of directors or declared or paid or set apart for payment by the Partnership at such time as the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, prohibits such authorization, declaration, payment or setting apart for payment or provides that such authorization, declaration, payment or setting apart for payment would constitute a breach thereof, or a default thereunder, or if such authorization, declaration, payment or setting apart for payment shall be restricted or prohibited by law. The foregoing distributions with respect to the Class B Convertible Preferred Units shall accumulate as of the Class B Convertible Preferred Unit distribution payment date on which they first became payable whether or not any of the foregoing restrictions exist, whether or not there was sufficient Available Cash for the payment thereof and whether or not such distributions are authorized. A cumulative Class B Convertible Preferred Unit arrearage should not bear interest and holders of the Class B Convertible Preferred Units shall not be entitled to any distributions, whether payable in cash, property or Partnership Interests, in excess of the then cumulative Class B Convertible Preferred Unit arrearage plus the minimum quarterly Class B Convertible Preferred Unit distribution rate for such quarter. With respect to Class B Convertible Preferred Units that were converted into Common Units, the holder thereof should not be entitled to a Class B Convertible Preferred Unit distribution and a Common Unit distribution with respect to the same period, but should be entitled only to the distribution to be paid based upon the class of Units held as of the close of business on the record date for the distribution in respect of such period; provided, however, that the holder of a converted Class B Convertible Preferred Unit should remain entitled to receive any accrued but unpaid distributions due with respect to such Unit on or as of the prior Class B Convertible Preferred Unit distribution payment date; and provided, further, that if the Partnership exercises the Partnership Mandatory Conversion Right to convert the Class B Convertible Preferred Units pursuant to Subscription Agreements then the holders’ rights with respect to the distribution for the Quarter in which the Partnership Mandatory Conversion Notice was received was as set forth in the Partnership Agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">On March 27, 2019, in connection with the DSS Transaction, the Partnership redeemed and retired all outstanding Class B Convertible Preferred Units at <span id="xdx_909_ecustom--PartnersCapitalAccountRedemptionPricePercentage_dp_uPure_c20190101__20190327__us-gaap--PartnerCapitalComponentsAxis__us-gaap--ConvertiblePreferredStockMember__us-gaap--RelatedPartyTransactionAxis__custom--TransactionAgreementMember_zj86zfanRRE4" title="Redemption percentage">100</span>% of par value, translating into a redemption price of $<span id="xdx_905_ecustom--PaymentsForRepurchaseOfRedeemableConvertiblePreferredUnits_pn3n3_c20190101__20190327__us-gaap--PartnerCapitalComponentsAxis__us-gaap--ConvertiblePreferredStockMember__us-gaap--RelatedPartyTransactionAxis__custom--TransactionAgreementMember_z8mGEoYKfDj5" title="Redemption price">116,850</span>, and paid to Class B Convertible Preferred Units holders the pro-rata dividends for the period from January 1, 2019 to March 27, 2019, which amounted to $<span id="xdx_90F_eus-gaap--DistributionMadeToLimitedPartnerCashDistributionsPaid_pn3n3_c20190101__20190327__us-gaap--PartnerCapitalComponentsAxis__us-gaap--ConvertiblePreferredStockMember__us-gaap--RelatedPartyTransactionAxis__custom--TransactionAgreementMember_zTXQEwCRioie" title="Dividends paid">2,652</span>. The difference between the carrying amount of Class B Convertible Preferred Units at the time of their redemption and their redemption price amounted to $<span id="xdx_902_ecustom--DifferenceBetweenCarryingAmountOfPreferredUnitsAndRedemptionPrice_pn3n3_c20190101__20190327__us-gaap--PartnerCapitalComponentsAxis__us-gaap--ConvertiblePreferredStockMember__us-gaap--RelatedPartyTransactionAxis__custom--TransactionAgreementMember_zL8YhYzzeHqj" title="Difference between carrying amount of Class B Convertible Preferred Units and their redemption price">9,119</span>. The difference was considered as deemed dividends to preferred unit holders and was presented as income attributable to preferred unit holders in the Partnership’s consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>Common Units</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">During 2020, the Partnership issued the <span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod_pip0_uShares_c20200101__20201231__us-gaap--PlanNameAxis__custom--The2019AmendedPlanEmployeesAndNonEmployeesMember_zqWIrMuxYzpe" title="Units issued">445,000</span> units awarded in 2019 under its Omnibus Incentive Compensation Plan (Note 14).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">On March 3, 2019 the board of directors of the Partnership approved a <span id="xdx_901_ecustom--PartnersCapitalReverseUnitSplit_c20190101__20190327_zNCmephr4ac3" title="Reverse unit split, description">one for seven reverse unit split</span>. Pursuant to the reverse split, every seven common units issued and outstanding as of March 27, 2019, the date of the reverse split, was converted into one common unit. The Partnership’s common units, immediately after the reverse split became effective, started trading on a split-adjusted basis on the Nasdaq Global Select Market.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The reverse split reduced the number of common units issued and outstanding from <span id="xdx_907_ecustom--CommonPartnershipUnitsIssued_iI_uShares_c20190327__srt--StatementScenarioAxis__custom--BeforeReverseUnitSplitMember_zQlUdeLmVxL6" title="Common units issued"><span id="xdx_90F_ecustom--CommonPartnershipUnitsOutstanding_iI_uShares_c20190327__srt--StatementScenarioAxis__custom--BeforeReverseUnitSplitMember_zAp1tTSf2sai" title="Common units outstanding">127,246,692</span></span> to <span id="xdx_905_ecustom--CommonPartnershipUnitsIssued_iI_uShares_c20191231__srt--StatementScenarioAxis__custom--AdjustedForReverseStockSplitMember_zJGNVmySkyYe" title="Common units issued"><span id="xdx_90B_ecustom--CommonPartnershipUnitsOutstanding_iI_uShares_c20191231__srt--StatementScenarioAxis__custom--AdjustedForReverseStockSplitMember_zD26ES8STuD4" title="Common units outstanding">18,178,100</span></span> common units and the number of general partner units issued and outstanding from <span id="xdx_907_eus-gaap--GeneralPartnersCapitalAccountUnitsIssued_iI_uShares_c20190327__srt--StatementScenarioAxis__custom--BeforeReverseUnitSplitMember_z9KkwrfIktih" title="General partner units issued"><span id="xdx_90D_eus-gaap--GeneralPartnersCapitalAccountUnitsOutstanding_iI_uShares_c20190327__srt--StatementScenarioAxis__custom--BeforeReverseUnitSplitMember_z7ulQgieUDel" title="General partner units outstanding">2,439,989</span></span> to <span id="xdx_90C_eus-gaap--GeneralPartnersCapitalAccountUnitsIssued_iI_uShares_c20191231__srt--StatementScenarioAxis__custom--AdjustedForReverseStockSplitMember_z7EfCSfeEmOc" title="General partner units issued"><span id="xdx_906_eus-gaap--GeneralPartnersCapitalAccountUnitsOutstanding_iI_uShares_c20191231__srt--StatementScenarioAxis__custom--AdjustedForReverseStockSplitMember_zXxVCmqIJtXc" title="General partner units outstanding">348,570</span></span> general partner units.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0"/> <p id="xdx_892_ecustom--ScheduleOfPartnersCapitalAccountByClassTableTextBlock_zTH5m7v6PU8d" style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">As of December 31, 2020 and 2019 our partners’ capital included the following units:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0 4.4pt"> <span id="xdx_8B6_zQdIaZ7aBs7b" style="display: none">Partners’ Capital - Partnership units (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 44%; padding-left: 7.2pt; line-height: 2pt"> </td> <td id="xdx_49E_20201231_z2CYJwmMkgtb" style="width: 28%; padding-left: 7.2pt; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>As of December 31,<br/> 2020</b></span></td> <td id="xdx_49E_20191231_zmiOv4CUgEkk" style="width: 28%; padding-bottom: 1pt; padding-left: 7.2pt; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>As of December 31,<br/> 2019</b></span></td></tr> <tr id="xdx_404_ecustom--CommonPartnershipUnitsOutstanding_iI_pii_uShares_maPartnershipUnitstotal_zovU07D2Tddg" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common units</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> 18,623,100 </span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> 18,178,100 </span></td></tr> <tr id="xdx_408_eus-gaap--GeneralPartnersCapitalAccountUnitsOutstanding_iI_pii_uShares_maPartnershipUnitstotal_zXn7sWfatgk8"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">General partner units</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> 348,570 </span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> 348,570 </span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_400_eus-gaap--PartnersCapitalAccountUnits_iTI_pii_uShares_mtPartnershipUnitstotal_zpZV9IZom9Vk" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total partnership units</b></span></td> <td style="text-align: right; white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <b>18,971,670 </b></span></td> <td style="text-align: right; white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <b>18,526,670 </b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> </table> <p id="xdx_8A9_zXOugdbF76t9" style="font: 10pt Times New Roman, Times, Serif; margin: 19.8pt 0 0"> </p> 0.0184 <p id="xdx_891_eus-gaap--ScheduleOfIncentiveDistributionsMadeToManagingMembersOrGeneralPartnersByDistributionTextBlock_zEt3qWKWgJR9" style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0 4.4pt"> <span id="xdx_8BC_z1xjXoYnafKj" style="display: none">Partners’ Capital - Schedule of Incentive Distributions (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt; text-align: center"> </td> <td style="text-align: right; padding-left: 7.2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>Total Quarterly</b></span></td> <td colspan="2" style="padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Marginal Percentage<br/> Interest<br/> in Distributions</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 4%; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="width: 4%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Distribution Target Amount per<br/> Unit</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="text-align: right; width: 3%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>Unitholders</b></p> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; width: 14%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>General<br/> Partner</b></p> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Minimum Quarterly Distribution</span></td> <td style="white-space: nowrap; vertical-align: top; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MinimumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_zd8fqzqZwnWf" title="Distribution Target Amount per Unit">$1.6275</span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_906_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zlmLBxT7FYP5" title="Marginal percentage interest in distributions">98 %</span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_909_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--GeneralPartnerMember_zrjQHbPzSou1">2 %</span></span></td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">First Target Distribution</span></td> <td style="white-space: nowrap; vertical-align: top; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">up to <span title="Distribution Target Amount per Unit">$<span id="xdx_90B_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MaximumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_zGpUtSDQe2mi" title="Distribution Target Amount per Unit">1.6975</span></span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_909_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zYYcl83cjQya">98 %</span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_905_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--GeneralPartnerMember_zp2dTJe572Y7">2 %</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Second Target Distribution</span></td> <td style="white-space: nowrap; vertical-align: top; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">above <span title="Distribution Target Amount per Unit">$<span id="xdx_901_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MinimumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_zAFsrdMkhpo1">1.6975</span></span> up to <span title="Distribution Target Amount per Unit">$<span id="xdx_901_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MaximumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_zZkMPiSGAdX6" title="Distrtibution Target Amount per Unit">1.8725</span></span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_901_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zWzM2NSNUJse">85 %</span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_90B_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--GeneralPartnerMember_z5K6PDQ8yMh5">15 %</span></span></td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Third Target Distribution</span></td> <td style="white-space: nowrap; vertical-align: top; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">above <span title="Distribution Target Amount per Unit">$<span id="xdx_909_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MinimumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_zIm6xd5GXYrh">1.8725</span></span> up to <span title="Distribution Target Amount per Unit">$<span id="xdx_901_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MaximumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_z8L0PZmU86J1" title="Distribution Target Amount per Unit">2.0475</span></span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_906_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zUv37YVHCjTb">75 %</span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_905_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--GeneralPartnerMember_zYDNgY51tfS9">25 %</span></span></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Thereafter</span></td> <td style="white-space: nowrap; vertical-align: top; padding-left: 7.2pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">above <span title="Distribution Target Amount per Unit">$<span id="xdx_900_ecustom--TotalQuarterlyDistributionTargetAmountPerUnit_pip0_c20200101__20201231__srt--RangeAxis__srt--MinimumMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__custom--TotalQuarterlyDistributionMember_zLtAOhDocLOa">2.0475</span></span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_905_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zivmNBQ6LU1l">65 %</span></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <span id="xdx_909_ecustom--MarginalPercentageInterestInDistributions_pip0_uPure_c20200101__20201231__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember__us-gaap--PartnerCapitalComponentsAxis__us-gaap--GeneralPartnerMember_zw5RGDBCVSc3">35 %</span></span></td></tr> </table> 1.6275 0.98 0.02 1.6975 0.98 0.02 1.6975 1.8725 0.85 0.15 1.8725 2.0475 0.75 0.25 2.0475 0.65 0.35 1.6975 1.75 24655554 9 1 Commencing on May 23, 2015, in the event the 30-day volume-weighted average trading price (“VWAP”) and the daily VWAP of the Common Units on the National Securities Exchange on which the Common Units are listed or admitted to trading exceeds 130% of the then applicable Conversion Price for at least 20 Trading Days out of the 30 consecutive Trading Day period used to calculate the 30-day VWAP (the “Partnership Mandatory Conversion Event”) the Partnership acting pursuant to direction and approval of the Conflicts Committee (following consultation with the full board of directors), should have the right to convert the Class B Convertible Preferred Units then outstanding in whole or in part into Common Units at the then-applicable Conversion Ratio. The holders of the outstanding Class B Convertible Preferred Units as of an applicable record date should be entitled to receive, in cash, when, as and if authorized by the Partnership’s board of directors or any duly authorized committee, out of legally available funds for such purpose, (a) first, the minimum quarterly Class B Convertible Preferred Unit Distribution Rate on each Class B Convertible Preferred Unit and (b) second, any cumulative Class B Convertible Preferred Unit Arrearage then outstanding, prior to any other distributions made in respect of any other Partnership Interests pursuant to the Subscription Agreements. The minimum quarterly Class B Convertible Preferred Unit Distribution Rate should be payable quarterly which is generally expected to be February 10, May 10, August 10 and November 10, or, if any such date is not a business day, the next succeeding business day. 1 116850000 2652000 9119000 445000 one for seven reverse unit split 127246692 127246692 18178100 18178100 2439989 2439989 348570 348570 <p id="xdx_892_ecustom--ScheduleOfPartnersCapitalAccountByClassTableTextBlock_zTH5m7v6PU8d" style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">As of December 31, 2020 and 2019 our partners’ capital included the following units:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0 4.4pt"> <span id="xdx_8B6_zQdIaZ7aBs7b" style="display: none">Partners’ Capital - Partnership units (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 44%; padding-left: 7.2pt; line-height: 2pt"> </td> <td id="xdx_49E_20201231_z2CYJwmMkgtb" style="width: 28%; padding-left: 7.2pt; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>As of December 31,<br/> 2020</b></span></td> <td id="xdx_49E_20191231_zmiOv4CUgEkk" style="width: 28%; padding-bottom: 1pt; padding-left: 7.2pt; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>As of December 31,<br/> 2019</b></span></td></tr> <tr id="xdx_404_ecustom--CommonPartnershipUnitsOutstanding_iI_pii_uShares_maPartnershipUnitstotal_zovU07D2Tddg" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common units</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> 18,623,100 </span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> 18,178,100 </span></td></tr> <tr id="xdx_408_eus-gaap--GeneralPartnersCapitalAccountUnitsOutstanding_iI_pii_uShares_maPartnershipUnitstotal_zXn7sWfatgk8"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">General partner units</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> 348,570 </span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> 348,570 </span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_400_eus-gaap--PartnersCapitalAccountUnits_iTI_pii_uShares_mtPartnershipUnitstotal_zpZV9IZom9Vk" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total partnership units</b></span></td> <td style="text-align: right; white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <b>18,971,670 </b></span></td> <td style="text-align: right; white-space: nowrap; padding-bottom: 1pt; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> <b>18,526,670 </b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td> <td style="text-align: right; padding-left: 7.2pt"> <div style="text-align: right; margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; text-align: right; font-size: 1pt"> </div></div> </td></tr> </table> 18623100 18178100 348570 348570 18971670 18526670 <p id="xdx_80F_eus-gaap--DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_zjUwQGK9ZCg3" style="font: 10pt Times New Roman, Times, Serif; margin: 19.8pt 0 0"><b>14. <span id="xdx_82A_zUB3Ceuj6ok8">Omnibus Incentive Compensation Plan</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0">On April 29, 2008, the board of directors approved the Partnership’s omnibus incentive compensation plan (the “Plan”) according to which the Partnership may issue a limited number of awards, not to exceed <span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_iI_c20080429__us-gaap--PlanNameAxis__custom--PartnershipsOmnibusIncentiveCompensationPlanMember_ze15T1MJuMdd" title="Unit / Shares authorized">71,429 </span>units. The Plan was amended on July 22, 2010 to increase the aggregate number of restricted units issuable under the Plan to <span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_iI_c20100722__us-gaap--PlanNameAxis__custom--PartnershipsOmnibusIncentiveCompensationPlanMember_zd7sieOmOS43" title="Unit / Shares authorized">114,286 </span>and then on August 21, 2014, to increase such amount to <span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_iI_c20140821__us-gaap--PlanNameAxis__custom--PartnershipsOmnibusIncentiveCompensationPlanMember_zznxzu4gcgl1" title="Unit / Shares authorized">235,714 </span>common units, at the annual general meeting of the Partnership’s unit holders. The Plan is administered by the general partner as authorized by the board of directors. The persons eligible to receive awards under the Plan were officers, directors, and executive, managerial, administrative and professional employees of CSM, or CMTC, or other eligible persons (collectively, “key persons”) as the general partner, in its sole discretion, shall select based upon such factors as it deems relevant. Members of the board of directors and officers of the general partner were considered to be employees of the Partnership (“Employees”) for the purposes of recognition of equity compensation expense, while employees of CSM, CMTC and other eligible persons under the plan were not considered to be employees of the Partnership (“Non-Employees”). Awards may be made under the Plan in the form of incentive stock options, non-qualified stock options, stock appreciation rights, dividend equivalent rights, restricted stock, unrestricted stock, restricted stock units and performance shares. Under the Plan if any award granted is forfeited then these units shall again become available to be delivered.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">On December 23, 2015, the Partnership awarded <span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20150101__20151223__us-gaap--PlanNameAxis__custom--PartnershipsOmnibusIncentiveCompensationPlanEmployeesMember_zrWEEc6si86a" title="Units granted">34,286 </span>and <span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20150101__20151223__us-gaap--PlanNameAxis__custom--PartnershipsOmnibusIncentiveCompensationPlanNonEmployeesMember_z7cgyFNIGBHa" title="Units granted">87,143 </span>unvested units to Employees and Non-Employees, respectively. Awards granted to certain Employees and Non Employees vested in <span id="xdx_900_ecustom--NumberOfAnnualInstallmentsForAwardsVested_dc_uPure_c20150101__20151223__us-gaap--PlanNameAxis__custom--PartnershipsOmnibusIncentiveCompensationPlanEmployeesMember_zMj8jVBHJ9Hb" title="Number of annual installments"><span id="xdx_902_ecustom--NumberOfAnnualInstallmentsForAwardsVested_dc_uPure_c20150101__20151223__us-gaap--PlanNameAxis__custom--PartnershipsOmnibusIncentiveCompensationPlanNonEmployeesMember_zQahVjNGDljk" title="Number of annual installments">three</span></span> annual installments. These awards fully vested on <span id="xdx_90F_ecustom--VestingDateOfRemainingAwards_c20150101__20151223__us-gaap--PlanNameAxis__custom--PartnershipsOmnibusIncentiveCompensationPlanEmployeesMember_z0UrqSr2mm08" title="Vesting date of remaining awards"><span id="xdx_900_ecustom--VestingDateOfRemainingAwards_c20150101__20151223__us-gaap--PlanNameAxis__custom--PartnershipsOmnibusIncentiveCompensationPlanNonEmployeesMember_zmhvqIFbv2h" title="Vesting date of remaining awards">December 31, 2018</span></span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">All unvested units were conditional upon the grantee’s continued service as Employee and/or Non-Employee until the applicable vesting date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The unvested units accrue distributions as declared and paid, which distributions are retained by the custodian of the Plan until the vesting date at which time they are payable to the grantee. As unvested unit grantees accrue distributions on awards that are expected to vest, such distributions are charged to Partners’ capital.</p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">On July 23, 2019, the board of directors adopted an amended and restated Plan (“the 2019 amended plan”), so as to reserve for issuance a maximum number of <span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_iI_c20190723__us-gaap--PlanNameAxis__custom--The2019AmendedPlanMember__srt--RangeAxis__srt--MaximumMember_zfMXTYuZdw0d" title="Unit / Shared authorized">740,000 </span>restricted common units. On July 23, 2019, the Partnership awarded <span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pip0_uShares_c20190101__20190723__us-gaap--PlanNameAxis__custom--The2019AmendedPlanEmployeesAndNonEmployeesMember_z4Tm9OUYBLHf" title="Units granted">445,000 </span>unvested units to Employees and Non-Employees with a grant-date fair value of $<span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_c20190101__20190723__us-gaap--PlanNameAxis__custom--The2019AmendedPlanEmployeesAndNonEmployeesMember_zgKTIAd7sWjg" title="Grant-date fair value | $ / shares">11.23 </span>per unit. Awards granted to certain Employees and Non Employees will vest in <span id="xdx_902_ecustom--NumberOfAnnualInstallmentsForAwardsVested_dc_uPure_c20190101__20190723__us-gaap--PlanNameAxis__custom--The2019AmendedPlanEmployeesAndNonEmployeesMember_zZuIEzNdEIlb" title="Number of annual installments">three </span>equal installments. The remaining awards will vest on <span id="xdx_909_ecustom--VestingDateOfRemainingAwards_c20190101__20190723__us-gaap--PlanNameAxis__custom--The2019AmendedPlanEmployeesAndNonEmployeesMember_z0IqdiPvIBe" title="Vesting date of remaining awards">December 31, 2021</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Based on the adoption of the ASU 2018-07 and its amendments and the provisions of ASC 718, the Partnership recognized the cost of the 2019 amended plan based on its estimated fair value on the grant date for both the Employees and Non-Employees awards.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There were no forfeitures of awards during the year ended December 31, 2020 and 2019. The Partnership estimates the forfeitures of unvested units to be immaterial. The Partnership will, however, re-evaluate the reasonableness of its assumption at each reporting period. As of December 31, 2020 the unvested units accrued $<span id="xdx_903_ecustom--PartnersCapitalAccruedDistributionsToUnvestedUnits_iI_pn3n3_c20201231__us-gaap--AwardTypeAxis__custom--NonVestedUnitsMember_zsmALbZqvnXh" title="Partners capital accrued distributions to unvested units">372</span> of distributions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the years ended December 31, 2020, 2019 and 2018 the equity compensation expense included in “General and administrative expenses” in the consolidated statements of comprehensive income / (loss) was $<span id="xdx_906_eus-gaap--ShareBasedCompensation_pn3n3_c20200101__20201231_z1nh3XhlYPb5" title="Share based compensation">2,049</span>, $<span id="xdx_90B_eus-gaap--ShareBasedCompensation_pn3n3_c20190101__20191231_ztV5gEJh9WM5" title="Share based compensation">907 </span>and $<span id="xdx_903_eus-gaap--ShareBasedCompensation_pn3n3_c20180101__20181231_ztNEu23Kncjh" title="Share based compensation">613</span>, respectively. As of December 31, 2020 the total compensation cost related to non-vested awards was $<span id="xdx_900_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_iI_pn3n3_c20201231_zxsTwZ33gLP7" title="Total compensation cost related to non-vested awards">2,043 </span>and is expected to be recognized over the next year. As of December 31, 2020 the fair value of the vested common units was $<span id="xdx_905_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_pn3n3_c20200101__20201231__us-gaap--PlanNameAxis__custom--The2019AmendedPlanEmployeesAndNonEmployeesMember_zsPCzwdUI1hc" title="Fair value of the vested common units">261 </span>based on a price of $<span id="xdx_90C_ecustom--CommonUnitPrice_iI_c20201231__us-gaap--PlanNameAxis__custom--The2019AmendedPlanEmployeesAndNonEmployeesMember_zvYiGk44dujj" title="Price per common unit">8.12 </span>per common unit. The Partnership uses the straight-line method to recognize the cost of the awards.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p id="xdx_893_eus-gaap--DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_z5J62nkIvowk" style="font: 10pt Times New Roman, Times, Serif; margin: 0">The following table contains details of our plan:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> <span id="xdx_8BC_zygHEQXFxH6b" style="display: none">Omnibus Incentive Compensation Plan (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td colspan="2" style="padding-left: 7.2pt; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>Equity compensation plan</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; width: 63%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>Unvested Units</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="width: 15%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Units</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="width: 22%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Amount</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Unvested on January 1, 2019</b></span></td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_d0_uShares_c20181231_zedecg9jIf46" style="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; padding-left: 7.2pt" title="Unvested shares, beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"> <b>-</b> </span></td> <td id="xdx_989_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantDateFairValue_iS_d0_c20181231_zWre8fzvony2" style="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; padding-left: 7.2pt" title="Unvested value, beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b> <b>-</b> </span></td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Granted</span></td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pip0_uShares_c20190101__20191231_zlS17bAxIi4k" style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right" title="Granted, shares"><span style="font: 10pt Times New Roman, Times, Serif">445,000</span></td> <td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantDateFairValue_c20190101__20191231_zm1jMZl6QIp3" style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt" title="Granted, value"><span style="font: 10pt Times New Roman, Times, Serif">$ 4,997</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vested </span></td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pip0_di_uShares_c20190101__20191231_zkX3YgrwPNT3" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Vested, shares"><span style="font: 10pt Times New Roman, Times, Serif">(16,042)</span></td> <td id="xdx_987_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantDateFairValue_c20190101__20191231_zuTzzkEBKMO7" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Vested, value"><span style="font: 10pt Times New Roman, Times, Serif">(180)</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Unvested on December 31, 2019</b></span></td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pip0_d0_uShares_c20190101__20191231_zWfhCWQtAFZ" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Unvested shares, beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>428,958</b></span></td> <td id="xdx_989_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantDateFairValue_iE_c20191231_zGocbuZPTVm5" style="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; padding-left: 7.2pt; vertical-align: middle" title="Unvested value, beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$ 4,817</b></span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vested</span></td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pip0_di_uShares_c20200101__20201231_z4YNvv9KqIr1" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Vested, shares"><span style="font: 10pt Times New Roman, Times, Serif">(16,042)</span></td> <td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantDateFairValue_c20200101__20201231_zqtOJwxuyioi" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Vested, value"><span style="font: 10pt Times New Roman, Times, Serif">(180)</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Unvested on December 31, 2020</b></span></td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pip0_d0_uShares_c20200101__20201231_z3AiRwMKpUm2" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Unvested shares, end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>412,916</b></span></td> <td id="xdx_988_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantDateFairValue_iE_c20201231_zAr4VWzfIuy5" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Unvested value, end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$ 4,637</b></span></td></tr> </table> <p id="xdx_8A5_zJGPwQCc82xl" style="font: 10pt Times New Roman, Times, Serif; margin: 19.8pt 0 0"> </p> 71429 114286 235714 34286 87143 3 3 December 31, 2018 December 31, 2018 740000 445000 11.23 3 December 31, 2021 372000 2049000 907000 613000 2043000 261000 8.12 <p id="xdx_893_eus-gaap--DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_z5J62nkIvowk" style="font: 10pt Times New Roman, Times, Serif; margin: 0">The following table contains details of our plan:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> <span id="xdx_8BC_zygHEQXFxH6b" style="display: none">Omnibus Incentive Compensation Plan (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td colspan="2" style="padding-left: 7.2pt; text-align: center"><span style="font: 8pt Times New Roman, Times, Serif"><b>Equity compensation plan</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; width: 63%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>Unvested Units</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="width: 15%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Units</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="width: 22%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Amount</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Unvested on January 1, 2019</b></span></td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_d0_uShares_c20181231_zedecg9jIf46" style="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; padding-left: 7.2pt" title="Unvested shares, beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"> <b>-</b> </span></td> <td id="xdx_989_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantDateFairValue_iS_d0_c20181231_zWre8fzvony2" style="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; padding-left: 7.2pt" title="Unvested value, beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b> <b>-</b> </span></td></tr> <tr> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Granted</span></td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pip0_uShares_c20190101__20191231_zlS17bAxIi4k" style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right" title="Granted, shares"><span style="font: 10pt Times New Roman, Times, Serif">445,000</span></td> <td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantDateFairValue_c20190101__20191231_zm1jMZl6QIp3" style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt" title="Granted, value"><span style="font: 10pt Times New Roman, Times, Serif">$ 4,997</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vested </span></td> <td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pip0_di_uShares_c20190101__20191231_zkX3YgrwPNT3" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Vested, shares"><span style="font: 10pt Times New Roman, Times, Serif">(16,042)</span></td> <td id="xdx_987_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantDateFairValue_c20190101__20191231_zuTzzkEBKMO7" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Vested, value"><span style="font: 10pt Times New Roman, Times, Serif">(180)</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Unvested on December 31, 2019</b></span></td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pip0_d0_uShares_c20190101__20191231_zWfhCWQtAFZ" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Unvested shares, beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>428,958</b></span></td> <td id="xdx_989_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantDateFairValue_iE_c20191231_zGocbuZPTVm5" style="border-bottom: Black 1pt solid; text-align: right; white-space: nowrap; padding-left: 7.2pt; vertical-align: middle" title="Unvested value, beginning of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$ 4,817</b></span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vested</span></td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_pip0_di_uShares_c20200101__20201231_z4YNvv9KqIr1" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Vested, shares"><span style="font: 10pt Times New Roman, Times, Serif">(16,042)</span></td> <td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantDateFairValue_c20200101__20201231_zqtOJwxuyioi" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Vested, value"><span style="font: 10pt Times New Roman, Times, Serif">(180)</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Unvested on December 31, 2020</b></span></td> <td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pip0_d0_uShares_c20200101__20201231_z3AiRwMKpUm2" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Unvested shares, end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>412,916</b></span></td> <td id="xdx_988_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantDateFairValue_iE_c20201231_zAr4VWzfIuy5" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right" title="Unvested value, end of period"><span style="font: 10pt Times New Roman, Times, Serif"><b>$ 4,637</b></span></td></tr> </table> -0 -0 445000 4997000 16042 -180000 428958 4817000 16042 -180000 412916 4637000 <p id="xdx_805_eus-gaap--EarningsPerShareTextBlock_zK3M2r3RZP41" style="font: 10pt Times New Roman, Times, Serif; margin: 19.8pt 0 0"><b>15. <span id="xdx_828_z0cwg2KEyHlh">Net Income / (Loss) from continuing operations Per Unit</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0">The general partner’s and common unit holders’ interests in net income are calculated as if all net income for periods subsequent to April 4, 2007, were distributed according to the terms of the Partnership Agreement, regardless of whether those earnings would or could be distributed. The Partnership Agreement does not provide for the distribution of net income; rather, it provides for the distribution of available cash (Note 13), which is a contractually-defined term that generally means all cash on hand at the end of each quarter after establishment of cash reserves determined by the Partnership’s board of directors to provide for the proper resources for the Partnership’s business. Unlike available cash, net income is affected by non-cash items. The Partnership follows the guidance relating to the Application of the Two-Class Method and its application to Master Limited Partnerships, which considers whether the incentive distributions of a master limited partnership represent a participating security when considered in the calculation of earnings per unit under the Two-Class Method.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The Partnership also considers whether the Partnership Agreement contains any contractual limitations concerning distributions to the IDRs that would impact the amount of earnings to allocate to the IDRs for each reporting period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">Under the Partnership Agreement, the holder of the IDRs in the Partnership, which is currently CGP, assuming that there are no cumulative arrearages on common unit distributions, has the right to receive an increasing percentage of cash distributions (Note 13). The Partnership excluded the effect of the <span id="xdx_90A_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20190101__20191231__us-gaap--PartnerCapitalComponentsAxis__us-gaap--ConvertiblePreferredStockMember__us-gaap--StatementClassOfStockAxis__us-gaap--PreferredClassBMember_zcyTTo4xpjXj" title="Antidilutive units"><span id="xdx_90F_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20180101__20181231__us-gaap--PartnerCapitalComponentsAxis__us-gaap--ConvertiblePreferredStockMember__us-gaap--StatementClassOfStockAxis__us-gaap--PreferredClassBMember_z2Avy26Q52ul" title="Antidilutive units">12,983,333</span></span> Class B Convertible Preferred Units in calculating dilutive EPU for the years ended December 31, 2019, 2018, as they were anti-dilutive.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">For the years ended December 31, 2020 and 2019, the Partnership excluded the effect of <span id="xdx_900_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20200101__20201231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockCompensationPlanMember_z9wCwlF9m8x7">412,916</span> and <span id="xdx_900_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20190101__20191231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockCompensationPlanMember_z8ROWRsJuLN2">428,958</span>, respectively, unvested units under the omnibus incentive compensation plan in calculating dilutive EPU for its common unit holders as they were anti-dilutive. For the year ended December 31, 2018 the Partnership excluded the effect of <span id="xdx_90B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20180101__20181231__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--StockCompensationPlanMember_zwbM2v3OUm33">77,857</span> units under the omnibus incentive compensation plan which vested in December 2018 (Note 14) in calculating dilutive EPU for its common unit holders as they were anti-dilutive. The non-vested units are participating securities because they received distributions from the Partnership and these distributions do not have to be returned to the Partnership if the non-vested units are forfeited by the grantee.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">Excluding the non-cash vessel’s impairment charge, as this was not distributed to the Partnership’s unit holders for the year ended December 31, 2018, the Partnership’s net income for the years ended December 31, 2020, 2019 and 2018 did not exceed the First Target Distribution Level, and as a result, the assumed distribution of net income did not result in the use of increasing percentages to calculate CGP’s interest in net income.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"> </p> <p id="xdx_898_ecustom--ScheduleOfLossIncomePerUnitBasicDilutedTableTextBlock_zFh1HRjHy91e" style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The two class method used to calculate EPU from continuing operations is as follows:</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> <span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_8BB_zdDWmhim2XJh" style="display: none">Net Income / (Loss) from continuing operations Per Unit - Basic and Diluted (Table)</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: #CCEEFF"> <td style="vertical-align: bottom; width: 58%; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><span style="text-decoration: underline">BASIC AND DILUTED</span></b></span></td> <td id="xdx_499_20200101__20201231_zpf836bXvZj6" style="vertical-align: top; width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span style="text-decoration: underline">2020</span></b></span></td> <td id="xdx_49F_20190101__20191231_zPsFVuitQdvj" style="white-space: nowrap; vertical-align: top; width: 14%; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span style="text-decoration: underline">2019</span></b></span></td> <td id="xdx_498_20180101__20181231_zxzwUq4Ppzf7" style="white-space: nowrap; vertical-align: bottom; width: 14%; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span style="text-decoration: underline">2018</span></b></span></td></tr> <tr id="xdx_402_eus-gaap--NetIncomeLossAbstract_iB_zu9kT0aOz9a8"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Numerators</b></span></td> <td style="vertical-align: top; text-align: right"> </td> <td style="text-align: right; white-space: nowrap; vertical-align: top; padding-left: 7.2pt"> </td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt"> </td></tr> <tr id="xdx_40F_eus-gaap--IncomeLossFromContinuingOperations_z4qFCAm8BS3k" style="background-color: #CCEEFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Partnership’s net income / (loss) from continuing operations</span></td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$            30,367</b></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: top; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$           24,421</b></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b> <b>(7,611)</b></span></td></tr> <tr id="xdx_400_eus-gaap--EarningsPerShareReconciliationAbstract_iB_zPPdHk0nEvL2"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Less:</span></td> <td style="text-align: right; vertical-align: top; line-height: 2pt"> </td> <td style="text-align: right; vertical-align: top; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; vertical-align: bottom; padding-left: 7.2pt; line-height: 2pt"> </td></tr> <tr id="xdx_403_ecustom--MinorityInterestInNetIncomeLossFromContinuingOperationsPreferredUnitHolders1_d0_zQoHtpbxI9nl" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Preferred unit holders’ interest in Partnership’s net income from continuing operations</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,652</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> 11,101</span></td></tr> <tr id="xdx_404_ecustom--DifferenceBetweenCarryingAmountOfPreferredUnitsAndRedemptionPrice_d0_zj5xKXeOZQTk"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Deemed dividend to preferred unit holders’ (Note 13)</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">9,119</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td></tr> <tr id="xdx_400_ecustom--NetIncomeLossFromContinuingOperationsAllocatedToGeneralPartners_z6wANCyk9Ev6" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">General Partner’s interest in Partnership’s net income / (loss) from continuing operations</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">558</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">236</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> (352)</span></td></tr> <tr id="xdx_408_ecustom--NetIncomeFromContinuingOperationsAllocatedToUnvestedCommonUnits_zF9xIY5lhz2g"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Partnership’s net income / (loss) from continuing operations allocable to unvested units</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">685</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">130</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> (103)</span></td></tr> <tr id="xdx_40B_ecustom--NetIncomeLossFromContinuingOperationsAllocatedToCommonUnits_zCevbqkO5Og2" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common unit holders’ interest in Partnership’s net income / (loss) from continuing operations</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$           29,124</b></span></td> <td style="text-align: right; white-space: nowrap; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$           12,284</b></span></td> <td style="text-align: right; white-space: nowrap; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b> <b>(18,257)</b></span></td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasicAbstract_iB_zS3ZrWt0TC12"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Denominators</b></span></td> <td style="text-align: right; vertical-align: top; line-height: 2pt"> </td> <td style="text-align: right; vertical-align: top; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; vertical-align: bottom; padding-left: 7.2pt; line-height: 2pt"> </td></tr> <tr id="xdx_40B_eus-gaap--WeightedAverageNumberOfShareOutstandingBasicAndDiluted_pii_zaGRLlPVLrgf" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Weighted average number of common units outstanding, basic and diluted</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">18,194,186</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">18,178,144</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> 18,100,455</span></td></tr> <tr id="xdx_40B_eus-gaap--IncomeLossFromContinuingOperationsAttributableToParentAbstract_iB_zDGdLvMovO42"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Net income /(loss) from continuing operations per common unit:</b></span></td> <td style="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; line-height: 2pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom; padding-left: 7.2pt; line-height: 2pt"> </td></tr> <tr id="xdx_403_eus-gaap--IncomeLossFromContinuingOperationsPerBasicAndDilutedShare_pip0_zFmNkpOHO0pj" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Basic and Diluted</b></span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$                 1.60</b></span></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$               0.68</b></span></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b> <b>(1.01)</b></span></td></tr> </table> <p id="xdx_8A9_z0SL2DyMzD3b" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> 12983333 12983333 412916 428958 77857 <p id="xdx_898_ecustom--ScheduleOfLossIncomePerUnitBasicDilutedTableTextBlock_zFh1HRjHy91e" style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The two class method used to calculate EPU from continuing operations is as follows:</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> <span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_8BB_zdDWmhim2XJh" style="display: none">Net Income / (Loss) from continuing operations Per Unit - Basic and Diluted (Table)</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: #CCEEFF"> <td style="vertical-align: bottom; width: 58%; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><span style="text-decoration: underline">BASIC AND DILUTED</span></b></span></td> <td id="xdx_499_20200101__20201231_zpf836bXvZj6" style="vertical-align: top; width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span style="text-decoration: underline">2020</span></b></span></td> <td id="xdx_49F_20190101__20191231_zPsFVuitQdvj" style="white-space: nowrap; vertical-align: top; width: 14%; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span style="text-decoration: underline">2019</span></b></span></td> <td id="xdx_498_20180101__20181231_zxzwUq4Ppzf7" style="white-space: nowrap; vertical-align: bottom; width: 14%; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span style="text-decoration: underline">2018</span></b></span></td></tr> <tr id="xdx_402_eus-gaap--NetIncomeLossAbstract_iB_zu9kT0aOz9a8"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Numerators</b></span></td> <td style="vertical-align: top; text-align: right"> </td> <td style="text-align: right; white-space: nowrap; vertical-align: top; padding-left: 7.2pt"> </td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt"> </td></tr> <tr id="xdx_40F_eus-gaap--IncomeLossFromContinuingOperations_z4qFCAm8BS3k" style="background-color: #CCEEFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Partnership’s net income / (loss) from continuing operations</span></td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$            30,367</b></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: top; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$           24,421</b></span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b> <b>(7,611)</b></span></td></tr> <tr id="xdx_400_eus-gaap--EarningsPerShareReconciliationAbstract_iB_zPPdHk0nEvL2"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Less:</span></td> <td style="text-align: right; vertical-align: top; line-height: 2pt"> </td> <td style="text-align: right; vertical-align: top; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; vertical-align: bottom; padding-left: 7.2pt; line-height: 2pt"> </td></tr> <tr id="xdx_403_ecustom--MinorityInterestInNetIncomeLossFromContinuingOperationsPreferredUnitHolders1_d0_zQoHtpbxI9nl" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Preferred unit holders’ interest in Partnership’s net income from continuing operations</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,652</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> 11,101</span></td></tr> <tr id="xdx_404_ecustom--DifferenceBetweenCarryingAmountOfPreferredUnitsAndRedemptionPrice_d0_zj5xKXeOZQTk"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Deemed dividend to preferred unit holders’ (Note 13)</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">9,119</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">-</span></td></tr> <tr id="xdx_400_ecustom--NetIncomeLossFromContinuingOperationsAllocatedToGeneralPartners_z6wANCyk9Ev6" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">General Partner’s interest in Partnership’s net income / (loss) from continuing operations</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">558</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">236</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> (352)</span></td></tr> <tr id="xdx_408_ecustom--NetIncomeFromContinuingOperationsAllocatedToUnvestedCommonUnits_zF9xIY5lhz2g"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Partnership’s net income / (loss) from continuing operations allocable to unvested units</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">685</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">130</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> (103)</span></td></tr> <tr id="xdx_40B_ecustom--NetIncomeLossFromContinuingOperationsAllocatedToCommonUnits_zCevbqkO5Og2" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common unit holders’ interest in Partnership’s net income / (loss) from continuing operations</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$           29,124</b></span></td> <td style="text-align: right; white-space: nowrap; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$           12,284</b></span></td> <td style="text-align: right; white-space: nowrap; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b> <b>(18,257)</b></span></td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasicAbstract_iB_zS3ZrWt0TC12"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Denominators</b></span></td> <td style="text-align: right; vertical-align: top; line-height: 2pt"> </td> <td style="text-align: right; vertical-align: top; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="text-align: right; vertical-align: bottom; padding-left: 7.2pt; line-height: 2pt"> </td></tr> <tr id="xdx_40B_eus-gaap--WeightedAverageNumberOfShareOutstandingBasicAndDiluted_pii_zaGRLlPVLrgf" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Weighted average number of common units outstanding, basic and diluted</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">18,194,186</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">18,178,144</span></td> <td style="text-align: right; white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"> 18,100,455</span></td></tr> <tr id="xdx_40B_eus-gaap--IncomeLossFromContinuingOperationsAttributableToParentAbstract_iB_zDGdLvMovO42"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Net income /(loss) from continuing operations per common unit:</b></span></td> <td style="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; line-height: 2pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding-left: 7.2pt; line-height: 2pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom; padding-left: 7.2pt; line-height: 2pt"> </td></tr> <tr id="xdx_403_eus-gaap--IncomeLossFromContinuingOperationsPerBasicAndDilutedShare_pip0_zFmNkpOHO0pj" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Basic and Diluted</b></span></td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$                 1.60</b></span></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$               0.68</b></span></td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b> <b>(1.01)</b></span></td></tr> </table> 30367000 24421000 -7611000 -0 2652000 11101000 -0 9119000 -0 558000 236000 -352000 685000 130000 -103000 29124000 12284000 -18257000 18194186 18178144 18100455 1.60 0.68 -1.01 <p id="xdx_802_eus-gaap--CommitmentsAndContingenciesDisclosureTextBlock_zNvSVD6JduOg" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>16. <span id="xdx_829_zTSHiwaM8Dke">Commitments and Contingencies</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0"><b>Contingencies</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.6pt 0 0">Various claims, suits, and complaints, including those involving government regulations and product liability, arise in the ordinary course of the shipping business. In addition, losses may arise from disputes with charterers, agents, insurance and other claims with suppliers relating to the operations of the Partnership’s vessels.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">The Partnership accrues for the cost of environmental liabilities when management becomes aware that a liability is probable and is able to reasonably estimate the probable exposure.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 13.2pt 0 0">An estimated loss from a contingency should be accrued by a charge to expense and a liability recorded only if all of the following conditions are met:</p> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 4%"> </td> <td style="vertical-align: top; width: 6%"><span style="font: 10pt Times New Roman, Times, Serif">•</span></td> <td style="vertical-align: top; width: 1%"> </td> <td style="vertical-align: top; width: 89%"><span style="font: 10pt Times New Roman, Times, Serif">Information available prior to the issuance of the financial statement indicates that it is probable that a liability has been incurred at the date of the financial statements.</span></td></tr> </table> <p style="font: 6pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 4%"> </td> <td style="vertical-align: top; width: 6%"><span style="font: 10pt Times New Roman, Times, Serif">•</span></td> <td style="vertical-align: top; width: 1%"> </td> <td style="vertical-align: top; width: 89%"><span style="font: 10pt Times New Roman, Times, Serif">The amount of the loss can be reasonably estimated.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Currently, the Partnership is not aware of any such claims or contingent liabilities which should be disclosed or for which a provision should be established in the consolidated financial statements other than the case disclosed below.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"><b><i/></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"><b><i>Akadimos (ex CMA CGM Amazon) settlement</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">On 4 September 2019, one of the Partnership’s subsidiaries reached a settlement with the U.S. Department of Justice (“DOJ”) regarding the M/V Akadimos for unknown and unreported failure of shipboard staff to maintain an accurate Oil Record Book.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify"><span id="xdx_904_eus-gaap--LossContingencySettlementAgreementTerms_c20190101__20190904__srt--LitigationCaseAxis__custom--CMACGMAmazonSettlementMember_zNebifsliCBf" title="Loss Contingency, Settlement Agreement, Terms">Under the terms of the agreement, the subsidiary pled guilty to the unknown and unreported failure of shipboard staff to maintain an accurate Oil Record Book with respect to the M/V Akadimos. The subsidiary paid a fine of $<span id="xdx_900_eus-gaap--LossContingencyDamagesPaidValue_c20190101__20190904__srt--LitigationCaseAxis__custom--CMACGMAmazonSettlementMember_zKFYdnKIv7m7">500</span> and was placed on probation for 30 months.</span> If, during the term of probation, the subsidiary fails to adhere to the terms of the plea agreement, the DOJ may withdraw from the plea agreement and would be free to prosecute the subsidiary on all charges arising out of its investigation, including any charges dismissed pursuant to the terms of the plea agreement, as well as potentially other charges. In accordance with the terms of the agreement, the subsidiary has implemented an environmental compliance plan and has strictly adhered to the terms of the agreement. The Probation period will come to an end in March 2022.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>Commitments</i></b></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 12pt; margin-bottom: 0"> <tr style="vertical-align: top"> <td style="width: 0"/> <td style="width: 21.3pt"><span style="font-size: 10pt"><b><i>(a)</i></b></span></td> <td><span style="font-size: 10pt"><b><i>Lease Commitments:</i></b> Future minimum charter hire receipts, excluding any profit share revenue that may arise, based on non-cancellable long-term time charter contracts, as of December 31, 2020 were: </span></td></tr></table> <p id="xdx_899_eus-gaap--ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_z8pEIFb00bl4" style="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0 36pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_8B3_zquvEGOy6wV" style="display: none">Commitments and Contingencies - Future minimum rental receipts</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; width: 58%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>Year ending December 31,</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td id="xdx_494_20201231_z8mpEdSydbW6" style="width: 42%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Amount</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableCurrent_iI_maOLFMPzll6_zIEge38s44Ne" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">129,629</span></td></tr> <tr id="xdx_402_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_iI_maOLFMPzll6_zIQap8GEdUuk"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">113,766</span></td></tr> <tr id="xdx_401_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_iI_maOLFMPzll6_zuxUcTdvj7mh" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">108,807</span></td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_iI_maOLFMPzll6_zM46JbR1JuE4"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">93,330</span></td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_iI_maOLFMPzll6_zADDp1hux61k" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2025</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">37,765</span></td></tr> <tr id="xdx_409_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableThereafter_iI_maOLFMPzll6_zkzwXLYS6eek"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Thereafter</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">7,357</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_400_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivable_iTI_mtOLFMPzll6_z9H3GZbmcWY2" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>490,654</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> </table> <p id="xdx_8A4_zLN9wmAizLk2" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> Under the terms of the agreement, the subsidiary pled guilty to the unknown and unreported failure of shipboard staff to maintain an accurate Oil Record Book with respect to the M/V Akadimos. The subsidiary paid a fine of $500 and was placed on probation for 30 months. 500 <p id="xdx_899_eus-gaap--ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_z8pEIFb00bl4" style="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0 36pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_8B3_zquvEGOy6wV" style="display: none">Commitments and Contingencies - Future minimum rental receipts</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; width: 58%"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>Year ending December 31,</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td id="xdx_494_20201231_z8mpEdSydbW6" style="width: 42%; padding-left: 7.2pt"> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Amount</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableCurrent_iI_maOLFMPzll6_zIEge38s44Ne" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">129,629</span></td></tr> <tr id="xdx_402_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_iI_maOLFMPzll6_zIQap8GEdUuk"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">113,766</span></td></tr> <tr id="xdx_401_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_iI_maOLFMPzll6_zuxUcTdvj7mh" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">108,807</span></td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_iI_maOLFMPzll6_zM46JbR1JuE4"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">93,330</span></td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_iI_maOLFMPzll6_zADDp1hux61k" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2025</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">37,765</span></td></tr> <tr id="xdx_409_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableThereafter_iI_maOLFMPzll6_zkzwXLYS6eek"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Thereafter</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">7,357</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr id="xdx_400_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivable_iTI_mtOLFMPzll6_z9H3GZbmcWY2" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>490,654</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt; line-height: 2pt"> </td> <td style="padding-left: 7.2pt"> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> </table> 129629000 113766000 108807000 93330000 37765000 7357000 490654000 <p id="xdx_803_eus-gaap--SubsequentEventsTextBlock_zQLujy1JhTp5" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>17. <span id="xdx_82A_zrgvzHd3r2ad">Subsequent Events </span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-size: 10pt"><b>(a)</b></span> <span style="font-size: 10pt"><b>Dividends:</b> On <span id="xdx_909_eus-gaap--DividendsPayableDateDeclaredDayMonthAndYear_c20210101__20210121__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zlEvRzysDuca" title="Dividends payable, Date declared">January 21, 2021</span>, the board of directors of the Partnership declared a cash distribution of $<span id="xdx_902_eus-gaap--DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit_pip0_c20210101__20210121__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zgRtK2kDEk7g" title="Dividend declared | $ / shares">0.10</span> per common unit for the fourth quarter of 2020. The fourth quarter common unit cash distribution paid on <span id="xdx_90D_eus-gaap--DividendPayableDateToBePaidDayMonthAndYear_c20210101__20210121__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zETZtJZflxQc" title="Dividends payable, Date of payment">February 10, 2021</span>, to unit holders of record on <span id="xdx_90C_eus-gaap--DividendsPayableDateOfRecordDayMonthAndYear_c20210101__20210121__us-gaap--PartnerCapitalComponentsAxis__us-gaap--LimitedPartnerMember_zB8zAf59gGmi" title="Dividends payable, Date of record">February 2, 2021</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b>(b)</b> <b>Vessels acquisitions :</b> On February 25, 2021, the Partnership acquired from CMTC <span id="xdx_90F_ecustom--NumberOfVessels_iI_dc_uPure_c20210225__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVSeattleExpressMVLongBeachExpressAndMVFosExpressMember_zzNSGS8lv2cc">three </span><span id="xdx_90A_ecustom--ContainershipCapacity_iI_uPure_c20210225__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVSeattleExpressMVLongBeachExpressAndMVFosExpressMember_zHQeah0V2EL5" title="Containership capacity in TEU">5,089 </span>TEU sister container vessels, namely the M/V Seattle Express, M/V Long Beach Express and M/V Fos Express, all built in 2008 at Hanjin Heavy Industries S. Korea, for a total consideration of $<span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20210101__20210225__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVSeattleExpressMVLongBeachExpressAndMVFosExpressMember_z4ebhJfERJm7" title="Total consideration">40,500</span>. The vessels are employed under <span id="xdx_900_ecustom--TimeCharterYears_c20210101__20210225__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVSeattleExpressMVLongBeachExpressAndMVFosExpressMember__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zPdaSKIQSj1b">five year</span> charters to HAPAG at a gross charter rate for <span id="xdx_906_ecustom--GrossDailyHireRate_c20210101__20210225__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVSeattleExpressMVLongBeachExpressAndMVFosExpressMember_zHMBBhP4Gfrh" title="Gross Daily Hire Rate">$12,300</span> per day. The Partnership accounted for these acquisitions as acquisition of assets as the fair values of the vessels and the time charters attached are concentrated in a single identifiable asset. The Partnership funded the acquisition of the three vessels through a sale and lease back transaction with CMBFL for an amount of $<span id="xdx_90E_ecustom--SaleAndLeasebackTransactionGrossCashInflowFinancingArrangement_pn3n3_c20210101__20210225__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--CMBFLSaleAndLeasebackTransactionMember_z9qmPuVFwBii">30,030 </span>and the remaining amount through available cash. The lease has duration of <span id="xdx_903_eus-gaap--DebtInstrumentTerm_dt_c20210101__20210225__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--CMBFLSaleAndLeasebackTransactionMember_zl3HkPtKjZcf">five years</span> and will be repaid in <span id="xdx_90F_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallment_uPure_c20210101__20210225__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--CMBFLSaleAndLeasebackTransactionMember_z3Mq04SsKoah">20 </span>equal consecutive <span id="xdx_90B_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20210101__20210225__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--CMBFLSaleAndLeasebackTransactionMember_zbS2z3bEWWqc">quarterly</span> installments of $<span id="xdx_904_eus-gaap--DebtInstrumentPeriodicPaymentPrincipal_pn3n3_c20210101__20210225__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--CMBFLSaleAndLeasebackTransactionMember_zamNmVHtJbHd">826 </span>including a purchase option for the Partnership to acquire each vessel on expiration of the lease at the predetermined price of $<span id="xdx_90C_ecustom--PurchaseOptionToAcquireVesselUnderFinancingArrangement_iI_pn3n3_c20210225__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--CMBFLSaleAndLeasebackTransactionMember_zZ8Xbb9MFDO9">4,505</span>. In addition, the Partnership has various purchase options commencing from the first year anniversary of the lease. The sale and lease back arrangement bears interest at a rate of <span id="xdx_904_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20210101__20210225__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--CMBFLSaleAndLeasebackTransactionMember_z6LHgodH5PE8">LIBOR </span>plus <span id="xdx_906_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_uPure_c20210101__20210225__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--CMBFLSaleAndLeasebackTransactionMember_zp0Hni95NWfc">2.85%</span>. Furthermore the Partnership entered into a sellers’ credit agreement with CMTC to defer $<span id="xdx_90B_eus-gaap--DebtInstrumentCarryingAmount_iI_pn3n3_c20210225__us-gaap--CreditFacilityAxis__custom--SellersCreditMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVSeattleExpressMVLongBeachExpressAndMVFosExpressMember_zkNlocdEecZ">6,000 </span>of the <span id="xdx_905_eus-gaap--DebtInstrumentDescription_c20210101__20210225__us-gaap--CreditFacilityAxis__custom--SellersCreditMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVSeattleExpressMVLongBeachExpressAndMVFosExpressMember_zG1tT3dFqxs8" style="display: none">repayment of up to 5 years</span> purchase price for up to five years from the delivery of the vessels (the “Sellers’ Credit”). The Sellers’ Credit bears interest at a fixed rate of <span id="xdx_901_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pip0_dp_uPure_c20210225__us-gaap--CreditFacilityAxis__custom--SellersCreditMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVSeattleExpressMVLongBeachExpressAndMVFosExpressMember_z8SZDqlZHqHk">5.0% </span>per year.<b/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b/></p> <p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-size: 10pt"><b>(c)</b></span> <span style="font-size: 10pt"><b>Repurchase agreement: </b>On January 25, 2021, the Partnership’s Board of Directors approved a unit repurchase program, providing the Partnership with authorization to repurchase up to $<span id="xdx_908_ecustom--UnitRepurchaseProgramAuthorizedAmount1_iI_pn3n3_c20210125__us-gaap--ShareRepurchaseProgramAxis__custom--UnitRepurchaseProgramMember_zGlD4cMPDAw7" title="Unit repurchase program authorized">30,000</span> of the Partnership’s common units, effective for a period of <span id="xdx_908_ecustom--UnitRepurchaseProgramPeriodInForce1_dt_c20210101__20210125__us-gaap--ShareRepurchaseProgramAxis__custom--UnitRepurchaseProgramMember_zNhPzUsTI9vl" title="Period in force">two years</span>. The Partnership may repurchase these units in the open market or in privately negotiated transactions, at times and prices that are considered to be appropriate by the Partnership.</span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt"><b>(d) Vessel disposals:</b> On April 7, 2021, the Partnership entered into a memorandum of agreement for the sale of the M/V CMA CGM Magdalena and the M/V Adonis to an unaffiliated third party for a total consideration of $<span id="xdx_907_ecustom--SalePriceMemorandumAgreement_pn3n3_c20210101__20210407__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVCMACGMMagdalenaAndMVAdonisMember_ztm7zeZeKWA6" title="Sale price agreed in Memorandum of Agreement">195,000</span>. Delivery of the M/V 'CMA CGM Magdalena' and the M/V Adonis to their buyer is expected in <span id="xdx_905_ecustom--DisposalDate_c20210101__20210407__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVCMACGMMagdalenaMember_z8r4XzQnePG8" title="Date of vessel sale">May</span> and <span id="xdx_904_ecustom--DisposalDate_c20210101__20210407__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MVAdonisMember_zyLwD3MmyeGj">July/August 2021</span>, respectively.</span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt"> </span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt"><b> </b></p> 2021-01-21 0.10 2021-02-10 2021-02-02 3 5089 40500000 five year $12,300 30030000 P5Y 20 quarterly 826000 4505000 LIBOR 0.0285 6000000 repayment of up to 5 years 0.050 30000000 P2Y 195000000 May July/August 2021 Vessels were disposed in 2018. Vessels were disposed prior to 2018. Companies established for the purpose of the agreement between the Partnership and DSS. represents activity for the period from January 1, 2019 to the date of the completion of the DSS Transaction on March 27, 2019.