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09/11/2013 03/20/2013 03/27/2013 09/11/2013 09/11/2013 06/10/2015 09/18/2015 03/31/2015 06/30/2015 02/26/2016 10/24/2016 04/26/2006 05/17/2006 07/12/2006 08/16/2006 11/02/2006 01/12/2007 03/02/2007 02/28/2007 05/08/2007 07/13/2007 09/20/2007 09/28/2007 01/20/2005 01/29/2008 07/31/2007 06/02/2005 06/17/2008 08/20/2008 11/24/2008 04/10/2009 03/29/2006 01/25/2011 04/26/2006 06/28/2012 06/22/2012 02/19/2013 03/11/2013 03/27/2013 05/31/2013 06/14/2013 06/10/2015 09/18/2015 03/31/2015 06/30/2015 02/26/2016 09/30/2015 10 1 11 113689 50082 2015-07-13 2013-08-28 01/17/2018 05/04/2018 01/10/2017 06/21/2016 2009-10-29 2010-01-21 2007-01-16 09/30/2011 09/30/2011 2018-11-14 2018-11-14 2018-11-14 2018-11-14 2018-11-14 2012-08-28 12725000 360000000 P5Y 2018-11-27 10000000 one for seven reverse unit split 2019-03-27 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 3 6000 $0.2 P25Y 0 30000 60000 1 46172000 161659000 132443000 -146876000 7507000 22688000 12655000 37202000 10498000 15506000 68406000 54281000 9630000 40276000 38014000 3174000 8433000 6642000 10000000 7183000 6515000 643682000 2220000 7531000 1035000 678166000 14869000 1611000 5055000 134744000 156279000 -59000 -165000 320000 149578000 0 0 2564000 0 0 73959000 1091000 143000 10041000 1110000 1035000 108374000 107923000 112499000 0 9672000 4173000 0 397000 371000 1.0 01/2017 03/2018 $13.8 $13.6 3151000 16638000 55000 1104000 0 701000 9976000 3917000 4221000 4466000 2146000 1922000 1983000 1745000 0 305000 0 1880000 1688000 1688000 818180000 728923000 748819000 657668000 586100000 576891000 160512000 142823000 171928000 277000 19896000 19896000 32113000 32113000 29105000 29105000 277000 19896000 10927000 10927000 10927000 277000 78607000 -49802000 28805000 29105000 11150000 29400000 2018-04-25 19896000 277000 2018-10-15 3282000 1400000 2055000 28805000 10927000 19297000 75035000 11696000 8417000 8371000 8371000 8326000 1094000 0.0325 3399000 3707000 258986000 291411000 2148000 1015000 -29145000 -38494000 29145000 27397000 27397000 101014000 11093000 262385000 295118000 262385000 295118000 66339000 5916000 14383000 18441000 17422000 15836000 The Partnership’s credit facility contains 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 2:1, a minimum cash requirement of $500 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 0.75:1. The 2017 credit facility also contains a collateral maintenance requirement under which the aggregate fair market value of the collateral vessels should not be less than 125% of the outstanding loans under the credit facility. 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, 2019 and 2018 the Partnership was in compliance with all financial covenants. 0.057 0.054 0.75 1.25 500000 2:1 89298000 19 quarterly 2019-04-30 2023-12-31 146517000 34984000 32733000 7703000 139130000 119923000 Libor 155350000 77700000 P7Y 0.0260 2019-12-31 0.4 0.38 0.38 0.39 0.36 0.36 3403000 5701000 5339000 5519000 1356000 4320000 1795000 1200000 4263000 0 1952000 2171000 1977000 89000 4360000 1384000 4000 2217000 1053000 885000 365000 253000 2930000 9113000 4667000 13375000 14794000 15558000 1796000 2112000 2436000 5001000 4396000 4412000 3251000 3451000 3500000 3209000 1674000 1492000 30549000 30648000 31864000 3917000 4221000 4466000 348570 348570 18526670 31510003 0.98 0.98 0.85 0.75 0.65 0.02 0.02 0.15 0.25 0.35 1.6275 1.6975 1.6975 1.8725 1.8725 2.0475 2.0475 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. 50000000 0.02 176000 1.6975 1.75 0.0188 736008 17815000 116850000 2652000 1 127246692 18178100 127246692 18178100 2439989 348570 2439989 348570 9119000 0 428958 16042 0 4817000 180000 77857 24759000 77857 24759000 445000 4997000 71429 114286 235714 34286 87143 2018-12-31 2018-12-31 3 3 445000 3 2021-12-31 740000 216000 13.44 11.23 P2Y 4090000 130000 -103000 13000 12284000 -18257000 4595000 12983333 12983333 12983333 428958 77857 77857 109355000 80317000 79296000 79297000 63738000 8254000 420257000 Under the terms of the agreement, the subsidiary pled guilty to oil record book violations with respect to the M/V CMA CGM Amazon. The subsidiary shall pay a fine of up to $500 and was placed on probation for 30 months. 2774000 500000 2020-01-21 2020-02-11 2020-02-03 0.35 2020-01-17 quarterly Libor 38500000 0.0255 2025-01-31 20 860000 21300000 38500000 2020-01-31 Libor 3 2020-01-31 10000 $27 $28 $32.5 $33.5 $28 162600000 38500000 38500000 22500000 22500000 7500000 7500000 0.0255 P5Y <div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:551.25pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Subsidiary</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Date</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Incorporation</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Name</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Vessel</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Owned</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">by</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Subsidiary</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Deadweight</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#8220;DWT&#8221;</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Date</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">acquired</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">by</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">the</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Partnership</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Date</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">acquired</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">by</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Capital</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Maritime</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">&amp;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Trading</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Corp.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(&#8220;CMTC&#8221;)</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Capital Product Operating LLC</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/16/2007</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Crude Carriers Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">10/29/2009</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/30/2011</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Crude Carriers Operating Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/21/2010</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/30/2011</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Shipping Rider Co.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/16/2003</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Atlantas II</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">36,760</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/26/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Canvey Shipmanagement Co.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/18/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Assos</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,872</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:1.1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/16/2010</font></p><p style="margin-top:0pt; margin-bottom:1.1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/17/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Centurion Navigation Limited</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/27/2003</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aktoras</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">36,759</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/12/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Polarwind Maritime S.A.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">10/10/2003</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Agisilaos</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">36,760</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/16/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Carnation Shipping Company</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/10/2003</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Arionas</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">36,725</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/02/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Apollonas Shipping Company</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/10/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Avax</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,834</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/12/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Tempest Maritime Inc.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/12/2003</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aiolos</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">36,725</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/02/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Iraklitos Shipping Company</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/10/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Axios</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,872</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/28/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Epicurus Shipping Company</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/11/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Atrotos</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,786</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1.1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/01/2010</font></p><p style="margin-top:0pt; margin-bottom:1.1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/08/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/08/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Laredo Maritime Inc.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/03/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Akeraios</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,781</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/13/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/13/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Lorenzo Shipmanagement Inc.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/26/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Apostolos</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,782</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/20/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/20/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Splendor Shipholding S.A.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/08/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Anemos I</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,782</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/28/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/28/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Ross Shipmanagement Co.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">12/29/2003</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Attikos (1)</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">12,000</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/24/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/20/2005</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Sorrel Shipmanagement Inc.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/07/2006</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Alexandros II</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">51,258</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/29/2008</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/29/2008</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Baymont Enterprises Incorporated</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/29/2007</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Amore Mio II (1)</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">159,982</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/27/2008</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/31/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Forbes Maritime Co.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/03/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aristofanis (1)</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">12,000</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/30/2008</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/02/2005</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Wind Dancer Shipping Inc.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/07/2006</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aristotelis II</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">51,226</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/17/2008</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/17/2008</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Belerion Maritime Co.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/24/2006</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aris II</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">51,218</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/20/2008</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/20/2008</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Mango Finance Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/14/2006</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Agamemnon</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">II</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">(1)</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">51,238</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/07/2009</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/24/2008</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Navarro International S.A.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/14/2006</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Ayrton II</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">51,260</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/13/2009</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/10/2009</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Adrian Shipholding Inc.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/22/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Alkiviadis</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">36,721</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/30/2010</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/29/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Patroklos Marine Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/17/2008</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Cape</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Agamemnon</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">179,221</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/09/2011</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/25/2011</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Cooper Consultants Co. renamed to Miltiadis M II Carriers Corp. (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/06/2006</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Miltiadis M II</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">162,397</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/30/2011</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/26/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Amoureux Carriers Corp.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/14/2010</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Amoureux</font></p></td><td style="width:46.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">149,993</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/30/2011</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Aias Carriers Corp.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/14/2010</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aias</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">150,393</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/30/2011</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Agamemnon Container Carrier Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/19/2012</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Agamemnon</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">108,892</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">12/22/2012</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/28/2012</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Archimidis Container Carrier Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/19/2012</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Archimidis</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">108,892</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">12/22/2012</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/22/2012</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Aenaos Product Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">10/16/2013</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aristotelis (</font><font style="font-family:'Times New Roman'">1</font><font style="font-family:'Times New Roman'">)</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">51,604</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/28/2013</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Anax Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/08/2011</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Hyundai</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Prestige</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">63,010</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/11/2013</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/19/2013</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Hercules Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/08/2011</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Hyundai</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Premium</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">63,010</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/20/2013</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/11/2013</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Iason Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/08/2011</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Hyundai</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Paramount</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">63,010</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/27/2013</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/27/2013</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Thiseas Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/08/2011</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Hyundai</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Privilege</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">63,010</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/11/2013</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/31/2013</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Cronus Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/19/2011</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V Hyundai Platinum</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">63,010</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/11/2013</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/14/2013</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Miltiadis M II Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/28/2012</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dias Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/16/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">CMA</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">CGM</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Amazon</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">115,534</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/10/2015</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/10/2015</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Poseidon Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/16/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">CMA</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">CGM</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Uruguay</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">115,639</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/18/2015</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/18/2015</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Isiodos Product Carrier S.A. (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/31/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Active</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">50,136</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/31/2015</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/31/2015</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Titanas Product Carrier S.A. (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/31/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Amadeus</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">50,108</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/30/2015</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/30/2015</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Atrotos Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">10/25/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V CMA</font></p><p style="margin-top:0pt; margin-bottom:1.1pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">CGM Magdalena</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">115,639</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/26/2016</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/26/2016</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Filonikis Product Carrier S.A. (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/31/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Amor</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">49,999</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">10/24/2016</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/30/2015</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Asterias Crude Carrier S.A. (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/13/2015</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aristaios</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">113,689</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/17/2018</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/10/2017</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Iason Product Carrier S.A. (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/28/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Anikitos</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">50,082</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/04/2018</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/21/2016</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Athena SpinCo Inc.</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">(</font><font style="font-family:'Times New Roman'">2, 3</font><font style="font-family:'Times New Roman'">)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/14/2018</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Athena MergerCo 1 Inc.</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">(</font><font style="font-family:'Times New Roman'">2, 3</font><font style="font-family:'Times New Roman'">)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/14/2018</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Athena MergerCo 2 Inc.</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">(</font><font style="font-family:'Times New Roman'">2, 3</font><font style="font-family:'Times New Roman'">)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/14/2018</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Athena MergerCo 3 LLC.</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">(</font><font style="font-family:'Times New Roman'">2, 3</font><font style="font-family:'Times New Roman'">)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/14/2018</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Athena MergerCo 4 LLC (</font><font style="font-family:'Times New Roman'">2, 3</font><font style="font-family:'Times New Roman'">)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/14/2018</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:0pt"><td style="width:149.8pt"></td><td style="width:4.15pt"></td><td style="width:66.65pt"></td><td style="width:4.15pt"></td><td style="width:118.25pt"></td><td style="width:3.7pt"></td><td style="width:57.7pt"></td><td style="width:3.7pt"></td><td style="width:66.8pt"></td><td style="width:4.3pt"></td><td style="width:71.1pt"></td><td style="width:0.95pt"></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="width:579.4pt; border-collapse:collapse; text-align:left"><tr style="height:1pt"><td style="width:16.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">(1)</font></p></td><td style="width:541.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Vessels were disposed in the previous years.</font></p></td></tr><tr style="height:1pt"><td style="width:16.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">(2)</font></p></td><td style="width:541.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Companies established for the purpose of the agreement between the Partnership and DSS.</font></p></td></tr><tr style="height:1pt"><td style="width:16.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">(3)</font></p></td><td style="width:541.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Companies part of the Crude and Product tanker business which were spun-off on March 27, 2019.</font></p></td></tr></table><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:169.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Quarterly</font></p></td><td colspan="2" style="width:133.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Marginal</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Percentage</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">Interest</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">in</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Distributions</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td></tr><tr><td style="width:169.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Distribution</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Target</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Amount</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">per</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">Unit</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:69.6pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Unitholders</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:56.55pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">General</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">Partner</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td></tr><tr><td style="width:176.95pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Minimum Quarterly Distribution</font></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">$1.6275</font></p></td><td style="width:69.6pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">98%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:56.55pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">2%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:176.95pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">First Target Distribution</font></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">up</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">to</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">$1.6975</font></p></td><td style="width:69.6pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">98%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:56.55pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">2%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:176.95pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Second Target Distribution</font></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">above</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">$1.6975</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">up</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">to</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">$1.8725</font></p></td><td style="width:69.6pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">85%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:56.55pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">15%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:176.95pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Third Target Distribution</font></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">above</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">$1.8725</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">up</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">to</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">$2.0475</font></p></td><td style="width:69.6pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">75%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:56.55pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">25%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:176.95pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Thereafter</font></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">above $2.0475</font></p></td><td style="width:69.6pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">65%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:56.55pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">35%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:248.1pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:142.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Year</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">ending</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; page-break-after:avoid; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:98.15pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Amount</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">2020</font></p></td><td style="width:98.15pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$109,355</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">2021</font></p></td><td style="width:98.15pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">80,317</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2022</font></p></td><td style="width:98.15pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">79,296</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2023</font></p></td><td style="width:98.15pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">79,297</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2024</font></p></td><td style="width:98.15pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">63,738</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Thereafter</font></p></td><td style="width:98.15pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">8,254</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:135.55pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:98.15pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:98.15pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">420,257</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:135.55pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:98.15pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(h) Inventories:</font><font style="font-family:'Times New Roman'"> 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.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(i) Vessels Held for Sale:</font><font style="font-family:'Times New Roman'"> The Partnership classifies vessels as being held for sale when the following criteria are met: (i)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">management is committed to sell the asset; (ii)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">the asset is available for immediate sale in its present condition; (iii)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">an active program to locate a buyer and other actions required to complete the plan</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">to sell the asset have been initiated; (iv)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (vi)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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. </font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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.</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">its fair value at the date of the subsequent decision not to sell.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(j) Fixed Assets:</font><font style="font-family:'Times New Roman'"> Fixed assets consist of vessels, which are stated at cost, less accumulated depreciation. Vessel cost consists of the contract price for the vessel and any material expenses incurred upon 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). 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&#8217;s vessels is depreciated, beginning when the vessel is ready for its intended use, on a straight-line basis over the vessel&#8217;s remaining economic useful life, after considering the estimated residual value. Management estimates the scrap value of the Partnership&#8217;s vessels to be $0.2 per light weight ton (LWT) and useful life to be 25 years.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(k) Impairment of Long-lived Assets:</font><font style="font-family:'Times New Roman'"> 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.</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">GAAP as of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 and 2018, 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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">and the estimated remaining useful life of the vessels. These assumptions are based on historical trends as well as future expectations that are in line with the Partnership&#8217;s historical performance and expectations for the vessels&#8217; utilization under the current deployment strategy.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 and 2018.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(l) Deferred charges, net:</font><font style="font-family:'Times New Roman'"> Deferred charges, net are comprised mainly of dry docking costs. The Partnership&#8217;s vessels are required to be dry docked every thirty to sixty 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.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(m) Intangible assets:</font><font style="font-family:'Times New Roman'"> 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.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(n) Net Income Per Limited Partner Unit:</font><font style="font-family:'Times New Roman'"> Basic net income per limited partner unit is calculated by dividing the Partnership&#8217;s net income less net income allocable to preferred unit holders, general partner&#8217;s interest in net income (including incentive distribution rights (&#8220;IDR&#8221;)) 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.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(o) Segment Reporting:</font><font style="font-family:'Times New Roman'"> 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 one 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.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(p) Omnibus Incentive Compensation Plan:</font><font style="font-family:'Times New Roman'"> 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 (loss) / income. These units are measured at their fair value equal to the market value of the Partnership&#8217;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).</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(q) Recent Accounting Pronouncements:</font><font style="font-family:'Times New Roman'"> In June 2018 the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued the Accounting Standards Update (&#8220;ASU&#8221;) 2018-07 </font><font style="font-family:'Times New Roman'">which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees was aligned with the requirements for share-based payments granted to employees. Accordingly, the ASU supersedes ASC 505-50 and expands the scope of ASC 718 to include all share-based payment arrangements related to the acquisition of goods and services from both nonemployees and employees. According to the amendments of this ASU and </font><font style="font-family:'Times New Roman'">consistently with the accounting requirement for employee share based payment awards, nonemployee share-based payment awards within the scope of Topic 718 are measured at grant-date. </font><font style="font-family:'Times New Roman'">The Partnership adopted this ASU for the reporting period commencing on January 1, 2019</font><font style="font-family:'Times New Roman'"> with no significant impact on its financial statements. Please refer to Note 14 for further details.</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'"> In February 2016, the FASB issued the ASU 2016-02, Leases (codified as ASC 842). The main provision of this ASU is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. The requirements of this standard include an increase in required disclosures. The Partnership&#8217;s time charter arrangements are subject to the requirements of the new Leases standard as the Partnership is regarded as the lessor. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after the date of initial application, amended subsequently with ASU 2018-11 below adding an option to use certain transition relief. This standard is effective for public entities with reporting periods beginning after December 15, 2018, including interim periods within those years. Early adoption is permitted. </font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">In July 2018, the FASB issued ASU 2018-11 to provide entities with relief from the costs of implementing certain aspects of the new leases standard, ASU 2016-02. Specifically, under the amendments in ASU 2018-11:</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(a) Entities may elect not to recast the comparative periods presented when transitioning to ASC 842; and</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(b) Lessors may elect not to separate lease and non-lease components when the following criteria are met: Criterion A &#8212; the timing and pattern of transfer for the lease component is the same as those for the non-lease component associated with that lease component and Criterion B &#8212; the lease component, if accounted for separately, would be classified as an operating lease.</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">The transition relief amendments in the ASU apply to entities that have not yet adopted ASC 842. The effective date and transition requirements for the amendments in this update for entities that have not adopted Topic 842 before the issuance of this update are the same as the effective date and transition requirements in Update 2016-02.</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">In December 2018, the FASB issued ASU 2018-20 to provide narrow scope improvements for lessors. The amendments in this update related to sales taxes and other similar taxes collected from lessees affect all lessors that elect the accounting policy election. In addition, amendments in this update related to lessor costs affect all lessor entities that have lease contracts that either require lessees to pay lessor costs directly to a third party or require lessees to reimburse lessors for costs paid by lessors directly to third parties. Finally, the amendments in this update related to recognition of variable payments for contracts with lease and non-lease components affect all lessor entities with variable payments that relate to both lease and non-lease components. The effective date and transition requirements for the amendments in this update for entities that have not adopted Topic 842 before the issuance of this update are the same as the effective date and transition requirements in ASU 2016-02. Please refer to Note 4. </font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(c) Accounting for Revenue, Voyage and Operating Expenses:</font><font style="font-family:'Times New Roman'"> The Partnership generates its revenues from charterers for the charter hire of its vessels. Vessels are chartered on time or voyage charters.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">The time charter contracts are considered operating leases and therefore</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">fall under the scope of Accounting Standard Codification (&#8220;ASC&#8221;) </font><font style="font-family:'Times New Roman'">842 and </font><font style="font-family:'Times New Roman'">the voyage charter contracts fall under the scope of ASC </font><font style="font-family:'Times New Roman'">606 (Note 4).</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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&#8217;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 &#8216;contract fulfillment costs&#8217; and are included in &#8216;prepayments and other assets&#8217; in the consolidated balance sheets.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Vessel operating expenses presented in the consolidated financial statements mainly consist of management fees payable to the Partnership&#8217;s managers and crew, repairs and maintenance, insurance, stores, spares, lubricants and other operating expenses.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Vessel operating expenses are expensed as incurred.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(b) Use of Estimates:</font><font style="font-family:'Times New Roman'"> 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.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(d) Foreign Currency Transactions:</font><font style="font-family:'Times New Roman'"> The functional currency of the Partnership is the U.S.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Dollar because the Partnership&#8217;s vessels operate in international shipping markets that utilize the U.S.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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 &#8220;Other income&#8221; in the consolidated statements of comprehensive (loss) / income.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(e) Cash and Cash Equivalents:</font><font style="font-family:'Times New Roman'"> The Partnership considers highly liquid investments such as time deposits and certificates of deposit with an original maturity of three months or less to be cash equivalents.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(f) Restricted cash:</font><font style="font-family:'Times New Roman'"> For the Partnership to comply with debt covenants under its credit facilities, it must maintain minimum cash deposits. Such deposits are considered by the Partnership to be restricted cash.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(g) Trade Accounts Receivable:</font><font style="font-family:'Times New Roman'"> 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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 the respective write off amounted to $6. For the year ended December 31, 2018 there were no write offs.</font></p></div> <div class="Section1"><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">1. Basis of Presentation and General Information</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Capital Product Partners, L.P. was formed on January</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">16, 2007, under the laws of the Marshall Islands. Capital Product Partners, L.P. and its fully owned subsidiaries (collectively the &#8220;Partnership&#8221;) is an international shipping company. As of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019, its fleet of eleven high specification vessels consisted of ten Neo-Panamax container carrier vessels and one Capesize 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.</font></p><p style="margin-top:19.8pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-style:italic">The DSS Transaction</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">On November</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">27, 2018, the Partnership entered into a definitive transaction agreement (the &#8220;Transaction Agreement&#8221;) with DSS Holdings L.P. (&#8220;DSS&#8221;), 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&#8217;s businesses and operations in a share-to-share transaction (the &#8220;DSS Transaction&#8221;). Pursuant to the Transaction Agreement:</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">(a) the Partnership agreed to establish a number of entities for the implementation of the DSS Transaction, including Athena SpinCo Inc. (&#8220;Athena&#8221;);</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">(b) 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; </font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">(c) the Partnership agreed to distribute all 12,725,000 shares of common stock of Athena (renamed Diamond S Shipping Inc. or &#8220;Diamond S&#8221;) that it owned by way of a pro rata distribution to holders of the Partnership&#8217;s common and general partner units (the &#8220;distribution&#8221;);</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">(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 &#8220;combination&#8221;). 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</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">(e) DSS entered into several firm commitments for a syndicated five-year term loan and revolving credit facility of up to $360,000 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&#8217;s existing credit facilities, redeem the Partnership&#8217;s Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Units and fund transaction expenses.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">The DSS Transaction was completed on March</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">27, 2019. 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).</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Effective March</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">27, 2019, the Partnership effected a one for seven reverse unit split of its issued and outstanding common and general partner units (the &#8220;March 2019 Reverse Split&#8221;) (Note 13).</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">All units and per units amounts disclosed in the financial statements give effect to this reverse stock split retroactively, for all periods presented.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:551.25pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><a name="DM_MAP_563d532e5e5c4840bee6c4bb62cf05bd"><font style="font-family:'Times New Roman'; font-weight:bold">Subsidiary</font></a></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Date</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Incorporation</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Name</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Vessel</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Owned</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">by</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Subsidiary</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Deadweight</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#8220;DWT&#8221;</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Date</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">acquired</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">by</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">the</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Partnership</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Date</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">acquired</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">by</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Capital</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Maritime</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">&amp;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Trading</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Corp.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(&#8220;CMTC&#8221;)</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Capital Product Operating LLC</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/16/2007</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Crude Carriers Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">10/29/2009</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/30/2011</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Crude Carriers Operating Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/21/2010</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/30/2011</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Shipping Rider Co.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/16/2003</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Atlantas II</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">36,760</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/26/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Canvey Shipmanagement Co.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/18/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Assos</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,872</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:1.1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/16/2010</font></p><p style="margin-top:0pt; margin-bottom:1.1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/17/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Centurion Navigation Limited</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/27/2003</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aktoras</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">36,759</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/12/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Polarwind Maritime S.A.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">10/10/2003</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Agisilaos</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">36,760</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/16/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Carnation Shipping Company</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/10/2003</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Arionas</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">36,725</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/02/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Apollonas Shipping Company</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/10/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Avax</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,834</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/12/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Tempest Maritime Inc.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/12/2003</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aiolos</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">36,725</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/02/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Iraklitos Shipping Company</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/10/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Axios</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,872</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/04/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/28/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Epicurus Shipping Company</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/11/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Atrotos</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,786</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1.1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/01/2010</font></p><p style="margin-top:0pt; margin-bottom:1.1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/08/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/08/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Laredo Maritime Inc.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/03/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Akeraios</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,781</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/13/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/13/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Lorenzo Shipmanagement Inc.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/26/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Apostolos</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,782</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/20/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/20/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Splendor Shipholding S.A.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/08/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Anemos I</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47,782</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/28/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/28/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Ross Shipmanagement Co.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">12/29/2003</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Attikos (1)</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">12,000</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/24/2007</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/20/2005</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Sorrel Shipmanagement Inc.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/07/2006</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Alexandros II</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">51,258</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/29/2008</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/29/2008</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Baymont Enterprises Incorporated</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/29/2007</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Amore Mio II (1)</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">159,982</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/27/2008</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/31/2007</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Forbes Maritime Co.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/03/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aristofanis (1)</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">12,000</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/30/2008</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/02/2005</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Wind Dancer Shipping Inc.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/07/2006</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aristotelis II</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">51,226</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/17/2008</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/17/2008</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Belerion Maritime Co.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/24/2006</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aris II</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">51,218</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/20/2008</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/20/2008</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Mango Finance Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/14/2006</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Agamemnon</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">II</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">(1)</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">51,238</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/07/2009</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/24/2008</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Navarro International S.A.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/14/2006</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Ayrton II</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">51,260</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/13/2009</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/10/2009</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Adrian Shipholding Inc.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/22/2004</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Alkiviadis</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">36,721</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/30/2010</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/29/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Patroklos Marine Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/17/2008</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Cape</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Agamemnon</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">179,221</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/09/2011</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/25/2011</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Cooper Consultants Co. renamed to Miltiadis M II Carriers Corp. (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/06/2006</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Miltiadis M II</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">162,397</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/30/2011</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/26/2006</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Amoureux Carriers Corp.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/14/2010</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Amoureux</font></p></td><td style="width:46.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">149,993</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/30/2011</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Aias Carriers Corp.</font><font style="font-family:'Times New Roman'"> (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/14/2010</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aias</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">150,393</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/30/2011</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Agamemnon Container Carrier Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/19/2012</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Agamemnon</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">108,892</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">12/22/2012</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/28/2012</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Archimidis Container Carrier Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/19/2012</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Archimidis</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">108,892</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">12/22/2012</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/22/2012</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Aenaos Product Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">10/16/2013</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aristotelis (</font><font style="font-family:'Times New Roman'">1</font><font style="font-family:'Times New Roman'">)</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">51,604</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/28/2013</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Anax Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/08/2011</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Hyundai</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Prestige</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">63,010</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/11/2013</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/19/2013</font></p></td><td style="vertical-align:top"></td></tr><tr><td colspan="2" style="width:143.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Hercules Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/08/2011</font></p></td><td colspan="2" style="width:111.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Hyundai</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Premium</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">63,010</font></p></td><td colspan="2" style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/20/2013</font></p></td><td style="width:60.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/11/2013</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Iason Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/08/2011</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Hyundai</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Paramount</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">63,010</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/27/2013</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/27/2013</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Thiseas Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">04/08/2011</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Hyundai</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Privilege</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">63,010</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/11/2013</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/31/2013</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Cronus Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/19/2011</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V Hyundai Platinum</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">63,010</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/11/2013</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/14/2013</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Miltiadis M II Corp.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/28/2012</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dias Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/16/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">CMA</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">CGM</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Amazon</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">115,534</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/10/2015</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/10/2015</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Poseidon Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/16/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">CMA</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">CGM</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Uruguay</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">115,639</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/18/2015</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/18/2015</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Isiodos Product Carrier S.A. (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/31/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Active</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">50,136</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/31/2015</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">03/31/2015</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Titanas Product Carrier S.A. (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/31/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Amadeus</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">50,108</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/30/2015</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/30/2015</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Atrotos Container Carrier S.A.</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">10/25/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/V CMA</font></p><p style="margin-top:0pt; margin-bottom:1.1pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">CGM Magdalena</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">115,639</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/26/2016</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">02/26/2016</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Filonikis Product Carrier S.A. (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/31/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Amor</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">49,999</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">10/24/2016</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">09/30/2015</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Asterias Crude Carrier S.A. (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">07/13/2015</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aristaios</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">113,689</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/17/2018</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">01/10/2017</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Iason Product Carrier S.A. (3)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">08/28/2013</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Anikitos</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">50,082</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">05/04/2018</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">06/21/2016</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Athena SpinCo Inc.</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">(</font><font style="font-family:'Times New Roman'">2, 3</font><font style="font-family:'Times New Roman'">)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/14/2018</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Athena MergerCo 1 Inc.</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">(</font><font style="font-family:'Times New Roman'">2, 3</font><font style="font-family:'Times New Roman'">)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/14/2018</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Athena MergerCo 2 Inc.</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">(</font><font style="font-family:'Times New Roman'">2, 3</font><font style="font-family:'Times New Roman'">)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/14/2018</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Athena MergerCo 3 LLC.</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">(</font><font style="font-family:'Times New Roman'">2, 3</font><font style="font-family:'Times New Roman'">)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/14/2018</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:139pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; font-size:10pt"><font style="font-family:'Times New Roman'">Athena MergerCo 4 LLC (</font><font style="font-family:'Times New Roman'">2, 3</font><font style="font-family:'Times New Roman'">)</font></p></td><td colspan="2" style="width:60pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11/14/2018</font></p></td><td colspan="2" style="width:111.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:50.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:59.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:65.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:0pt"><td style="width:149.8pt"></td><td style="width:4.15pt"></td><td style="width:66.65pt"></td><td style="width:4.15pt"></td><td style="width:118.25pt"></td><td style="width:3.7pt"></td><td style="width:57.7pt"></td><td style="width:3.7pt"></td><td style="width:66.8pt"></td><td style="width:4.3pt"></td><td style="width:71.1pt"></td><td style="width:0.95pt"></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="width:579.4pt; border-collapse:collapse; text-align:left"><tr style="height:1pt"><td style="width:16.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">(1)</font></p></td><td style="width:541.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Vessels were disposed in the previous years.</font></p></td></tr><tr style="height:1pt"><td style="width:16.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">(2)</font></p></td><td style="width:541.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Companies established for the purpose of the agreement between the Partnership and DSS.</font></p></td></tr><tr style="height:1pt"><td style="width:16.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">(3)</font></p></td><td style="width:541.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Companies part of the Crude and Product tanker business which were spun-off on March 27, 2019.</font></p></td></tr></table><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div> <div class="Section1"><table cellspacing="0" cellpadding="0" style="border-collapse:collapse"><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Consolidated</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Balance</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Sheets</font></p></td><td colspan="2" style="width:60.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2019</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:61.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2018</font></p></td></tr><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Liabilities:</font></p></td><td style="width:5.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:10pt; line-height:115%; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">CSM &#8211; payments on behalf of the Partnership (a)</font></p></td><td style="width:5.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">3,151</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:45.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">16,638</font></p></td></tr><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:10pt; line-height:115%; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Management fee payable to CSM (b)</font></p></td><td style="width:5.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">55</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">1,104</font></p></td></tr><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:10pt; line-height:115%; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Capital-Executive &#8211; payments on behalf of the Partnership (a)</font></p></td><td style="width:5.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">1,745</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">-</font></p></td></tr><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:10pt; line-height:115%; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Management fee payable to Capital-Executive (b)</font></p></td><td style="width:5.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">305</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">-</font></p></td></tr><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:10pt; line-height:115%; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Due to related parties</font></p></td><td style="width:5.1pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:45pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">5,256</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:5pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:45.95pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">17,742</font></p></td></tr></table><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="border-collapse:collapse"><tr style="height:1pt"><td rowspan="2" style="width:242.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Consolidated</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Statements</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of Comprehensive (Loss)/Income</font></p></td><td colspan="8" style="width:225.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">For the years ended December 31,</font></p></td></tr><tr style="height:1pt"><td colspan="2" style="width:60.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td colspan="2" style="width:60.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td><td style="width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td colspan="2" style="width:58.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2017</font></p></td></tr><tr style="height:1pt"><td style="width:242.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Revenues (c)</font></p></td><td style="width:5.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:44.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:44.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">701</font></p></td><td style="width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:8.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">9,976</font></p></td></tr><tr style="height:1pt"><td style="width:242.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Vessel operating expenses</font></p></td><td style="width:5.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:44.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">3,917</font></p></td><td style="width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:44.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">4,221</font></p></td><td style="width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:8.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">4,466</font></p></td></tr><tr style="height:1pt"><td style="width:242.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">General and administrative expenses (d)</font></p></td><td style="width:5.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:44.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">2,146</font></p></td><td style="width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:44.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,922</font></p></td><td style="width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:8.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,983</font></p></td></tr></table><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><br style="page-break-before:always; clear:both" /></p></div> <div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:29.7pt"><td style="width:161.5pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; border-bottom-style:solid; border-bottom-width:0.75pt; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Vessel</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Name</font></p></td><td style="width:26.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:46.95pt; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; 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margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:70.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Vessel</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Cost</font></p></td><td style="width:70.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Accumulated</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">depreciation</font></p></td><td style="width:69.7pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; 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margin-bottom:1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'"> (32,113)</font></p></td></tr><tr style="height:7.25pt"><td style="width:219.75pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Impairment of vessels</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(78,607)</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">49,802</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.7pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'"> (28,805)</font></p></td></tr><tr style="height:8.25pt"><td style="width:219.75pt; 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border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:10pt"><font style="font-family:'Times New Roman'"> (10,927)</font></p></td></tr><tr style="height:7.2pt"><td style="width:219.75pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Balance as at December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2018</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160; 728,923</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$&#160; (142,823)</font></p></td><td style="width:69.7pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160; 586,100</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:7.25pt"><td style="width:219.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Improvements</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">19,896</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.7pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">19,896</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:8.25pt"><td style="width:219.75pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Depreciation for the period</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:10pt"><font style="font-family:'Times New Roman'">(29,105)</font></p></td><td style="width:69.7pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:10pt"><font style="font-family:'Times New Roman'">(29,105)</font></p></td></tr><tr style="height:17.6pt"><td style="width:219.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Balance as at December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2019</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$ 748,819&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$&#160; (171,928)&#160;&#160;&#160; </font></p></td><td style="width:69.7pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160; 576,891&#160;&#160; </font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">5. Transactions with Related Parties</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">In August 2019 the Partnership completed the process of changing the manager of its container vessels, from Capital Ship Management Corp. (&#8220;CSM&#8221;) to Capital-Executive Ship Management Corp. (&#8220;Capital-Executive&#8221;), a privately held company ultimately controlled by Mr. Miltiadis Marinakis the son of Mr.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Evangelos</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">M. Marinakis who is the chairman of the Partnership&#8217;s sponsor, Capital Maritime &amp; Trading Corp. (&#8220;CMTC&#8221;). The agreement with Capital-Executive has the same terms and conditions of our floating fee management agreement with CSM. M/V Cape Agamemnon remains under the management of CSM under our floating fee management agreement with CSM.</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">In connection with the DSS transaction (Note 1) in March 2019 </font><font style="font-family:'Times New Roman'">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.</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">The Partnership and its subsidiaries have related party transactions with CSM, Capital-Executive (collectively the &#8220;Managers&#8221;) and the Partnership&#8217;s general partner, Capital GP L.L.C. (&#8220;CGP&#8221;) arising from certain terms of the following management and administrative services agreements.</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">1.</font><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic"> </font><font style="font-family:'Times New Roman'; font-weight:bold">Floating fee management agreements</font><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">:</font><font style="font-family:'Times New Roman'"> Under the terms of these agreements the Partnership compensates its Managers for expenses and liabilities incurred on the Partnership&#8217;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&#8217;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, 2019, 2018 and 2017 management fees under the management agreements amounted to $3,917, $4,221 and $4,466, respectively, and are included in &#8220;Vessel operating expenses &#8211; related parties&#8221; in the consolidated statements of comprehensive (loss) / income.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2.</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Administrative and service agreements:</font><font style="font-family:'Times New Roman'"> On April</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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 &#8220;General</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">and administrative expenses&#8221; in the consolidated statements of comprehensive (loss) / income. 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&#8217;s business as well as investor relation and corporate support services to the Partnership. For the years ended December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019, 2018 and 2017 such fees amounted to $1,880, $1,688, $1,688, respectively, and are included in &#8220;General and administrative expenses&#8221; in the consolidated statements of comprehensive (loss) / income.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Balances and transactions with related parties consisted of the following:</font></p><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="border-collapse:collapse; text-align:left"><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_527e8f5aa0bc4e4494647fe76df3da26"><font style="font-family:'Times New Roman'; font-weight:bold">Consolidated</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Balance</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Sheets</font></a></p></td><td colspan="2" style="width:60.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2019</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:61.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2018</font></p></td></tr><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Liabilities:</font></p></td><td style="width:5.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:10pt; line-height:115%; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">CSM &#8211; payments on behalf of the Partnership (a)</font></p></td><td style="width:5.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">3,151</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:45.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">16,638</font></p></td></tr><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:10pt; line-height:115%; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Management fee payable to CSM (b)</font></p></td><td style="width:5.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">55</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">1,104</font></p></td></tr><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:10pt; line-height:115%; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Capital-Executive &#8211; payments on behalf of the Partnership (a)</font></p></td><td style="width:5.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">1,745</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">-</font></p></td></tr><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:10pt; line-height:115%; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Management fee payable to Capital-Executive (b)</font></p></td><td style="width:5.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">305</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">-</font></p></td></tr><tr style="height:1pt"><td style="width:308.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:10pt; line-height:115%; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Due to related parties</font></p></td><td style="width:5.1pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:45pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">5,256</font></p></td><td style="width:3.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:5pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:45.95pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">17,742</font></p></td></tr></table><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="border-collapse:collapse; text-align:left"><tr style="height:1pt"><td rowspan="2" style="width:242.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Consolidated</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Statements</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of Comprehensive (Loss)/Income</font></p></td><td colspan="8" style="width:225.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">For the years ended December 31,</font></p></td></tr><tr style="height:1pt"><td colspan="2" style="width:60.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td colspan="2" style="width:60.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td><td style="width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td colspan="2" style="width:58.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2017</font></p></td></tr><tr style="height:1pt"><td style="width:242.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Revenues (c)</font></p></td><td style="width:5.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:44.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">-</font></p></td><td style="width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:44.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">701</font></p></td><td style="width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:8.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">9,976</font></p></td></tr><tr style="height:1pt"><td style="width:242.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Vessel operating expenses</font></p></td><td style="width:5.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:44.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">3,917</font></p></td><td style="width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:44.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">4,221</font></p></td><td style="width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:8.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">4,466</font></p></td></tr><tr style="height:1pt"><td style="width:242.85pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">General and administrative expenses (d)</font></p></td><td style="width:5.15pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:6.6pt; margin-bottom:0pt; text-align:right; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:44.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">2,146</font></p></td><td style="width:2.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:44.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,922</font></p></td><td style="width:1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:8.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:38.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,983</font></p></td></tr></table><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><br style="page-break-before:always; clear:both" /><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(a) Managers - Payments on Behalf of the Partnership:</font><font style="font-family:'Times New Roman'"> 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.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(b) Management fee payable to Managers</font><font style="font-family:'Times New Roman'">: The amount outstanding as of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 and 2018 represents the management fee payable to the Managers under the management agreements between the Partnership and the Managers.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(c) Revenues:</font><font style="font-family:'Times New Roman'"> 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. During 2019 no charter agreement with CMTC and its subsidiaries existed.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:29.7pt"><td style="width:161.5pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; border-bottom-style:solid; border-bottom-width:0.75pt; font-size:8pt"><a name="DM_MAP_fb8f82693d3b4a839932dc6b0df8e14b"><font style="font-family:'Times New Roman'; font-weight:bold">Vessel</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Name</font></a></p></td><td style="width:26.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:46.95pt; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Time</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Charter</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">(TC)</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">in</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">years</font></p></td><td style="width:26.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:65.2pt; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Commencement</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Charter</font></p></td><td style="width:26.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:57.6pt; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Termination</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:26.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Gross</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">(Net)</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Daily</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Hire</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Rate</font></p></td></tr><tr style="height:12.4pt"><td style="width:161.5pt; vertical-align:top"><p style="margin-top:0pt; margin-left:8.8pt; margin-bottom:0pt; text-indent:-8.8pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">M/T Aristotelis</font></p></td><td style="width:26.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:46.95pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">1.0</font></p></td><td style="width:26.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:65.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">01/2017</font></p></td><td style="width:26.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:57.6pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">03/2018</font></p></td><td style="width:26.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">$13.8</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">($13.6)</font></p></td></tr></table></div><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(d) General and administrative expenses:</font><font style="font-family:'Times New Roman'"> This line item mainly includes fees relating to internal audit, investor relations and consultancy fees.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">6. Vessels, net </font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">The following table presents an analysis of vessels:</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:13.6pt"><td style="width:212.55pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><a name="DM_MAP_e3a67c8f35fe40d38805600384240dc4"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></a></p></td><td style="width:70.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Vessel</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Cost</font></p></td><td style="width:70.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Accumulated</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">depreciation</font></p></td><td style="width:69.7pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Net</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">book</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">value</font></p></td></tr><tr style="height:17.2pt"><td style="width:219.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Balance as at January</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">1, 2018</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">818,180</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$&#160; </font><font style="font-family:'Times New Roman'; font-weight:bold">(160,512</font><font style="font-family:'Times New Roman'; font-weight:bold">)</font></p></td><td style="width:69.7pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">657,668</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:7.25pt"><td style="width:219.75pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Improvements</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#160;&#160;&#160; 277</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.7pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt"> 277</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:7.25pt"><td style="width:219.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Depreciation for the period</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(32,113)</font></p></td><td style="width:69.7pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'"> (32,113)</font></p></td></tr><tr style="height:7.25pt"><td style="width:219.75pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Impairment of vessels</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(78,607)</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">49,802</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.7pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'"> (28,805)</font></p></td></tr><tr style="height:8.25pt"><td style="width:219.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Disposals</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#160;&#160;&#160;&#160; (10,927)</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.7pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:10pt"><font style="font-family:'Times New Roman'"> (10,927)</font></p></td></tr><tr style="height:7.2pt"><td style="width:219.75pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Balance as at December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2018</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160; 728,923</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$&#160; (142,823)</font></p></td><td style="width:69.7pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160; 586,100</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:7.25pt"><td style="width:219.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Improvements</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">19,896</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.7pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">19,896</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:8.25pt"><td style="width:219.75pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Depreciation for the period</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70.75pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:10pt"><font style="font-family:'Times New Roman'">(29,105)</font></p></td><td style="width:69.7pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:10pt"><font style="font-family:'Times New Roman'">(29,105)</font></p></td></tr><tr style="height:17.6pt"><td style="width:219.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Balance as at December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2019</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$ 748,819&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70.75pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$&#160; (171,928)&#160;&#160;&#160; </font></p></td><td style="width:69.7pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160; 576,891&#160;&#160; </font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">All of the Partnership&#8217;s vessels as of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 have been provided as collateral to secure the Partnership&#8217;s credit facilities.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">During 2019 and 2018, certain of the Partnership&#8217;s vessels underwent improvements. The costs of these improvements amounted to $19,896 and $277 respectively and were capitalized as part of the vessels&#8217; cost. Improvements during the year ended December 31, 2019 includes the cost of $19,297 related to the installation of exhaust gas cleaning and ballast water treatment systems for certain of the Partnership&#8217;s vessels. </font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">During 2019 and 2018, the Partnership paid advances of $1,400 and $2,055 respectively, relating to the purchase of exhaust gas cleaning systems that will be installed to certain of its vessels, which are included in &#8220;Prepayments and other assets&#8221; in the Partnership&#8217;s consolidated balance sheets. </font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">On September</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">11, 2018 the Partnership entered into a Memorandum of Agreement (&#8220;MOA&#8221;) with an unrelated party for the disposal of the M/T Amore Mio II at a price of $11,150. 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 $28,805 in the consolidated statement of comprehensive (loss) / income for the year ended December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2018, reducing the vessel&#8217;s carrying value to $10,927. The vessel was delivered to its buyer on October</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">15, 2018.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">On December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">22, 2017 the Partnership entered into an MOA with an unrelated party for the disposal of the M/T Aristotelis at a price of $29,400. Upon entering into the agreement, the Partnership determined that M/T Aristotelis met the criteria to be classified as held for sale 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 $3,282 in the consolidated statement of comprehensive (loss) / income for the year ended December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2017. Under this agreement, as amended, the vessel was delivered to its Buyer on April</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">25, 2018.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">9. Financial Instruments</font></p><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(a)</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Fair value of financial instruments</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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:</font></p><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Level</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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;</font></p><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Level</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">2: Inputs are inputs other than quoted prices included within Level</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">1 that are observable for the asset or liability, either directly or indirectly; and</font></p><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Level</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">3: Inputs are unobservable inputs for the asset or liability.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">The carrying value of cash and cash equivalents and restricted cash, which are considered Level</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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 loan 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 loan are similar to those that could be procured as of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019. LIBOR rates are observable at commonly quoted intervals for the full term of the loans and hence bank loans are considered Level</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">2 items in accordance with the fair value hierarchy.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold"> (b)</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Concentration of credit risk</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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&#8217;s revenues were derived from a few charterers. For the year ended December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019, Hyundai Merchant Marine Co Ltd (&#8220;HMM&#8221;) and CMA CGM accounted for 40% and 39% of the Partnership&#8217;s total revenue from continuing operations, respectively. For the years ended December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2018 and 2017 HMM and CMA CGM accounted for 38% and 36% of the Partnership&#8217;s total revenue from continuing operations, respectively.</font></p></div> <div class="Section1"><p style="margin-top:18pt; margin-bottom:0pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">12. Income Taxes </font></p><p style="margin-top:6pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">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 &#8220;Vessel operating expenses&#8221; in the consolidated statements of comprehensive (loss) / income. </font></p><p style="margin-top:12pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Pursuant to Section</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">883 of the United States Internal Revenue Code (the &#8220;Code&#8221;) 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)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">the foreign corporation is organized in a foreign country that grants an &#8220;equivalent exemption&#8221; 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)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">more than 50% of the voting power and value of the foreign corporation&#8217;s stock is &#8220;primarily and regularly traded on an established securities market&#8221; in the United States and certain other requirements are satisfied (the &#8220;Publicly-Traded Test&#8221;). </font></p><p style="margin-top:12pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Each of the jurisdictions where the Partnership&#8217;s vessel-owning subsidiaries are incorporated grants an &#8220;equivalent exemption&#8221; to United States corporations with respect to each type of shipping income earned by the Partnership&#8217;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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019, 2018 and 2017 and the vessel-owning subsidiaries are exempt from United States federal income taxation with respect to U.S.-source shipping income. </font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">16. 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Under the terms of the agreement, the subsidiary pled guilty to oil record book violations with respect to the M/V CMA CGM Amazon. The subsidiary shall pay a fine of up to $500 and was placed on probation for 30 months. 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. The subsidiary is also required to implement an environmental compliance plan in connection with the settlement. As of December 31, 2019, the Partnership recorded an accrual of $500 in connection with this case which is included in current liabilities in the Partnership&#8217;s consolidated balance sheets. </font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Commitments</font></p><p style="margin-top:12pt; margin-bottom:0pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(a) Lease Commitments:</font><font style="font-family:'Times New Roman'"> 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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 were: </font></p><p style="margin-top:12pt; margin-left:36pt; margin-bottom:0pt; page-break-after:avoid; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:248.1pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:142.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><a name="DM_MAP_65cfd68aa043477885c53f144291f710"><font style="font-family:'Times New Roman'; font-weight:bold">Year</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">ending</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; page-break-after:avoid; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:98.15pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Amount</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">2020</font></p></td><td style="width:98.15pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$109,355</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">2021</font></p></td><td style="width:98.15pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">80,317</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2022</font></p></td><td style="width:98.15pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">79,296</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2023</font></p></td><td style="width:98.15pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">79,297</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2024</font></p></td><td style="width:98.15pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">63,738</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Thereafter</font></p></td><td style="width:98.15pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">8,254</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:135.55pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:98.15pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:142.75pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:98.15pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">420,257</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:135.55pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:98.15pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(b) Vessels&#8217; Equipment Commitments</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">As of December 31, 2019 the Partnership had outstanding commitments relating to the purchase of exhaust gas cleaning systems and </font><font style="font-family:'Times New Roman'">ballast water treatment systems on certain of its vessels, amounting to $2,774 and </font><font style="font-family:'Times New Roman'">which are payable within the next twelve months.</font></p></div> <div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:241.5pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td colspan="2" style="width:154.5pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">2019</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">2018</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Accrued loan interest and loan fees</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3,403</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160; 5,701</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Accrued operating expenses</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">5,339</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">5,519</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Accrued capitalized expenses</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4,263</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Accrued voyage expenses and commissions</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,356</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4,320</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Accrued general and administrative expenses</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,795</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,200</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:241.5pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 16,156</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt">&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">16,740</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:241.5pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">10. Accrued Liabilities</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Accrued liabilities consist of the following:</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:241.5pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><a name="DM_MAP_02d6c0b689e1486384acb26c2ffea24c"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></a></p></td><td colspan="2" style="width:154.5pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">2019</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">2018</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Accrued loan interest and loan fees</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3,403</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160; 5,701</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Accrued operating expenses</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">5,339</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">5,519</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Accrued capitalized expenses</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4,263</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8212;</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Accrued voyage expenses and commissions</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,356</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4,320</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Accrued general and administrative expenses</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,795</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,200</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:241.5pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:69.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:248.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:77.4pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 16,156</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:69.9pt; 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vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div> <div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:242.25pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td colspan="3" style="width:196.95pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">For</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">the</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">years</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">ended</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></p></td></tr><tr><td style="width:249.45pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:0pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2017</font></p></td></tr><tr><td style="width:249.45pt; background-color:#cceeff"><p style="margin-top:6pt; margin-bottom:0pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Voyage expenses:</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:6pt; margin-bottom:0pt; text-align:right; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:6pt; margin-bottom:0pt; text-align:right; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:6pt; margin-bottom:0pt; text-align:right; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Commissions</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,952</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt">2,171</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$1,977</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Bunkers</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">89</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4,360</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,384</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Port expenses</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">2,217</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,053</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Other</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">885</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">365</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">253</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:242.25pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 2,930&#160;&#160; </font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">&#160;&#160; 9,113</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">4,667</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:242.25pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Vessel operating expenses:</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Crew costs and related costs</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; 13,375</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt">14,794</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; 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margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">2,436</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Spares, repairs, maintenance and other expenses</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">5,001</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4,396</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4,412</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Stores and lubricants</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3,251</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3,451</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3,500</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Management fees (Note 5)</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3,917</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4,221</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4,466</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Other operating expenses</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3,209</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,674</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,492</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:242.25pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; 30,549</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">30,648</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt">&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">31,864</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:242.25pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:18pt; margin-bottom:0pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">11. Voyage Expenses and Vessel Operating Expenses</font></p><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Voyage expenses and vessel operating expenses consist of the following </font></p><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:242.25pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><a name="DM_MAP_9c5b9cc658ca4b8b88cc6347a5a749be"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></a></p></td><td colspan="3" style="width:196.95pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">For</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">the</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">years</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">ended</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></p></td></tr><tr><td style="width:249.45pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:0pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2017</font></p></td></tr><tr><td style="width:249.45pt; background-color:#cceeff"><p style="margin-top:6pt; margin-bottom:0pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Voyage expenses:</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:6pt; margin-bottom:0pt; text-align:right; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:6pt; margin-bottom:0pt; text-align:right; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:6pt; margin-bottom:0pt; text-align:right; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Commissions</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,952</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt">2,171</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$1,977</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Bunkers</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">89</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4,360</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,384</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Port expenses</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">2,217</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,053</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Other</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">885</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">365</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">253</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:242.25pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 2,930&#160;&#160; </font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">&#160;&#160; 9,113</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; 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padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Vessel operating expenses:</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Crew costs and related costs</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; 13,375</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt">14,794</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$15,558</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Insurance expense</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,796</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">2,112</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; 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padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4,412</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Stores and lubricants</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3,251</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3,451</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; 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padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">4,466</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Other operating expenses</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3,209</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,674</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,492</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:242.25pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:249.45pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; 30,549</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">30,648</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt">&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">31,864</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:242.25pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60.85pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:18pt; margin-bottom:0pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">17. Subsequent Events</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(a) Dividends:</font><font style="font-family:'Times New Roman'"> On January 21, 2020, the board of directors of the Partnership declared a cash distribution of $</font><font style="font-family:'Times New Roman'">0.35</font><font style="font-family:'Times New Roman'"> per common unit for the fourth quarter of 2019. 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The vessels are under long-term time charters with Hapag-Lloyd which will expire in April 2024. The gross charter rate for each vessel currently amounts to $27.0 per day, increasing to $28.0 per day for the M/V Aristomenis from October 2020, and from July 2021 onwards for the M/V Athos and the M/V Athenian. The time charters include two one-year options at $32.5 and $33.5 gross per day, respectively. 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The lease agreement has a duration of five years, bears an interest at Libor plus a margin of 2.55% and includes a purchase option for the Partnership to acquire each vessel on expiration of the lease at the predetermined price of $22,500 or pay the amount of $7,500 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. 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border-bottom-width:1pt; padding-bottom:1pt; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:60pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2017</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td></tr><tr><td style="width:252pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; text-decoration:underline">Numerators</font></p></td><td style="width:67.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:252pt; 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padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt">&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">15,795</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:252pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Less:</font></p></td><td style="width:67.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:252pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Preferred unit holders&#8217; interest in Partnership&#8217;s net income from continuing operations</font></p></td><td style="width:67.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">2,652</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">11,101</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">11,101</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:252pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Deemed dividend to preferred unit holders&#8217; (Note 13)</font></p></td><td style="width:67.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">9,119</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:252pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">General Partner&#8217;s interest in Partnership&#8217;s net income / (loss) from continuing operations</font></p></td><td style="width:67.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">236</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(352)</font></p></td><td style="width:60pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">86</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:252pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Partnership&#8217;s net&#160; income / (loss) from continuing operations allocable to unvested units</font></p></td><td style="width:67.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">130</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(103)</font></p></td><td style="width:60pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">13</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:252pt; vertical-align:bottom"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Common unit holders&#8217; interest in Partnership&#8217;s net income / (loss) from continuing operations</font></p></td><td style="width:67.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; 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font-weight:bold">Denominators</font></p></td><td style="width:67.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:252pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Weighted average number of common units outstanding, basic and diluted</font></p></td><td style="width:67.2pt"><p style="margin-top:0pt; 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margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.68</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font><font style="font-family:'Times New Roman'">&#160; </font><font style="font-family:'Times New Roman'; font-weight:bold">(1.01)</font></p></td><td style="width:60pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">0.26</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:244.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:67.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:19.8pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">15. Net Income / (Loss) from continuing operations Per Unit</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">The general partner&#8217;s and common unit holders&#8217; interests in net income are calculated as if all net income for periods subsequent to April</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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&#8217;s board of directors to provide for the proper resources for the Partnership&#8217;s business. Unlike available cash, net income is affected by non-cash items. 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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. </font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font><font style="font-family:'Times New Roman'">Excluding the non-cash vessels&#8217; impairment charge, as this was not distributed to the Partnership&#8217;s unit holders for the year ended December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 and 2018, the Partnership&#8217;s net income for the years ended December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019, 2018 and 2017 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&#8217;s interest in net income.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">The two class method used to calculate EPU from continuing operations is as follows:</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:252pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">BASIC</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">AND DILUTED</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; page-break-after:avoid; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:67.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:60pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2017</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td></tr><tr><td style="width:252pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; text-decoration:underline">Numerators</font></p></td><td style="width:67.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:252pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Partnership&#8217;s net income / (loss) from continuing operations</font></p></td><td style="width:67.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; 24,421</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; 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margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:252pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Preferred unit holders&#8217; interest in Partnership&#8217;s net income from continuing operations</font></p></td><td style="width:67.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; 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margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; 12,284</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$&#160;&#160;&#160;&#160;&#160; (18,257)</font></p></td><td style="width:60pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">4,595</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:252pt; 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vertical-align:bottom"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Basic and Diluted</font></p></td><td style="width:67.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.68</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:60pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font><font style="font-family:'Times New Roman'">&#160; </font><font style="font-family:'Times New Roman'; font-weight:bold">(1.01)</font></p></td><td style="width:60pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; 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padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div> <div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:212.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td colspan="2" style="width:128.2pt; 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padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Units</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Amount</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td></tr><tr><td style="width:220pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Unvested on January</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">1, 2018</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">77,857</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160; 24,759</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:220pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Vested</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">77,857</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160; 24,759</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:220pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Unvested on December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2018</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:220pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Granted</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">445,000</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160; 4,997</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:220pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Vested </font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">16,042</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">180</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:220pt; vertical-align:bottom"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Unvested on December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2019</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">428,958</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">&#160;&#160;&#160;&#160; 4,817</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:19.8pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:19.8pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">14. Omnibus Incentive Compensation Plan</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">On April</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">29, 2008, the board of directors approved the Partnership&#8217;s omnibus incentive compensation plan (the &#8220;Plan&#8221;) according to which the Partnership may issue a limited number of awards, not to exceed 71,429 units. The Plan was amended on July</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">22, 2010 to increase the aggregate number of restricted units issuable under the Plan to 114,286 and then on August 21, 2014, to increase such amount to 235,714 common units, at the annual general meeting of the Partnership&#8217;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, &#8220;key persons&#8221;) as the general partner, in its sole discretion, shall select based upon such factors as it deems relevant.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Members of the board of directors and officers of the general partner were considered to be employees of the Partnership (&#8220;Employees&#8221;) 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 (&#8220;Non-Employees&#8221;). 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.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">On December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">23, 2015, the Partnership awarded 34,286 and 87,143 unvested units to Employees and Non-Employees, respectively. Awards granted to certain Employees and Non Employees vested in three annual installments. These awards fully vested on December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2018.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">All unvested units were conditional upon the grantee&#8217;s continued service as Employee and/or Non-Employee until the applicable vesting date.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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&#8217; capital.</font></p><p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">O</font><font style="font-family:'Times New Roman'">n</font><font style="font-family:'Times New Roman'"> July 23, 2019, the board of directors adopted an amended and restated Plan (&#8220;the 2019 amended plan&#8221;), so as to reserve for issuance a maximum number of 740,000 restricted common units. On July 23, 2019, the Partnership awarded </font><font style="font-family:'Times New Roman'">445,000 unvested units to Employees and Non-Employees with a grant-date fair value of $11.23 per unit. </font><font style="font-family:'Times New Roman'">Awards granted to certain Employees and Non Employees will vest in three equal installments. The remaining awards will vest on December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2021. </font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Based on the adoption of the ASU 2018-07 and its amendments and the provisions of ASC 718 (Note 2), 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. Prior to the adoption of the ASU 2018-07, the Partnership recognized the equity compensation cost based on its grant date fair value for Employees award and based on its award fair value at each reporting period for Non-Employees award. For the years ended December 31, 2019, 2018 and 2017 the equity compensation expense included in &#8220;General and administrative expenses&#8221; in the consolidated statements of comprehensive (loss) / income was $907, $613 and $1,156, respectively. As of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 the total compensation cost related to non-vested awards was $4,090 and is expected to be recognized over a weighted average period of two years. As of December 31, 2019 the fair value of the vested common units was $216 based on a price of $13.44 per common unit. The Partnership uses the straight-line method to recognize the cost of the awards.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">The following table contains details of our plan:</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:212.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td colspan="2" style="width:128.2pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Equity</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">compensation plan</font></p></td></tr><tr><td style="width:220pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Unvested</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Units</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; page-break-after:avoid; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Units</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Amount</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td></tr><tr><td style="width:220pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Unvested on January</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">1, 2018</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">77,857</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160; 24,759</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:220pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Vested</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">77,857</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160; 24,759</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:220pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Unvested on December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2018</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:220pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Granted</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">445,000</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160;&#160; 4,997</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:220pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Vested </font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">16,042</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">180</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:220pt; vertical-align:bottom"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Unvested on December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2019</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">428,958</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:72pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">&#160;&#160;&#160;&#160; 4,817</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:19.8pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div> <div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:169.2pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td></tr><tr><td style="width:176.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Common units</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">18,178,100</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">18,178,100</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:176.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">General partner units</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">348,570</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">348,570</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:176.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Preferred units</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">12,983,333</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:169.2pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:176.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total partnership units</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">18,526,670</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">31,510,003</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:169.2pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:19.8pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">13. Partners&#8217; Capital</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">General:</font><font style="font-family:'Times New Roman'"> The Partnership&#8217;s Limited Partnership Agreement (the &#8220;Partnership Agreement&#8221;) requires that within 45 days after the end of each quarter, beginning with the quarter ending June</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">30, 2007, all of the Partnership&#8217;s available cash be distributed to unit holders.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Definition of Available Cash:</font><font style="font-family:'Times New Roman'"> Available Cash, for each fiscal quarter, consists of all cash on hand at the end of the quarter:</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="border-collapse:collapse; text-align:left"><tr style="height:12.4pt"><td style="width:21.6pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#8226;</font></p></td><td style="width:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:479.8pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">less the amount of cash reserves established by our board of directors to:</font></p></td></tr></table><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="border-collapse:collapse; text-align:left"><tr style="height:24.75pt"><td style="width:43.2pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#8226;</font></p></td><td style="width:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:458.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">provide for the proper conduct of the Partnership&#8217;s business (including reserves for future capital expenditures and for our anticipated credit needs);</font></p></td></tr></table><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="border-collapse:collapse; text-align:left"><tr style="height:12.4pt"><td style="width:43.2pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#8226;</font></p></td><td style="width:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:458.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">comply with applicable law, any of the Partnership&#8217;s debt instruments, or other agreements; or</font></p></td></tr></table><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="border-collapse:collapse; text-align:left"><tr style="height:24.75pt"><td style="width:43.2pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#8226;</font></p></td><td style="width:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:458.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">provide funds for distributions to the Partnership&#8217;s unit holders and to the general partner for any one or more of the next four quarters;</font></p></td></tr></table><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="border-collapse:collapse; text-align:left"><tr style="height:49.5pt"><td style="width:21.6pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#8226;</font></p></td><td style="width:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:479.8pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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.</font></p></td></tr></table><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">General Partner Interest and IDRs:</font><font style="font-family:'Times New Roman'"> The general partner has a 1.88% interest in the Partnership </font><font style="font-family:'Times New Roman'">and holds the IDRs</font><font style="font-family:'Times New Roman'">. In accordance with Section</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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 &#8220;Marginal Percentage Interest in Distributions&#8221; 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 &#8220;Total Quarterly Distribution Target Amount per Unit,&#8221; 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&#8217;s general partner maintains a 2% general partner interest and that it has not transferred its IDR.</font></p><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:169.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><a name="DM_MAP_615c7015f89c46e28062e6704f378fa9"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></a></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Quarterly</font></p></td><td colspan="2" style="width:133.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Marginal</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Percentage</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">Interest</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">in</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Distributions</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td></tr><tr><td style="width:169.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Distribution</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Target</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Amount</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">per</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">Unit</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:69.6pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Unitholders</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:56.55pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">General</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">Partner</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td></tr><tr><td style="width:176.95pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Minimum Quarterly Distribution</font></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">$1.6275</font></p></td><td style="width:69.6pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">98%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:56.55pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">2%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:176.95pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">First Target Distribution</font></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">up</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">to</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">$1.6975</font></p></td><td style="width:69.6pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">98%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:56.55pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">2%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:176.95pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Second Target Distribution</font></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">above</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">$1.6975</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">up</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">to</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">$1.8725</font></p></td><td style="width:69.6pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">85%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:56.55pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">15%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:176.95pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Third Target Distribution</font></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">above</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">$1.8725</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">up</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">to</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">$2.0475</font></p></td><td style="width:69.6pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">75%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:56.55pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">25%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:176.95pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Thereafter</font></p></td><td style="width:128.9pt; padding-left:7.2pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">above $2.0475</font></p></td><td style="width:69.6pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">65%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:56.55pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">35%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Following the 2014&#8217;s annual general meeting, CMTC unilaterally notified the Partnership that it has decided to waive its rights to receive quarterly incentive distributions between $1.6975 and $1.75.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Distributions of Available Cash from Operating Surplus:</font><font style="font-family:'Times New Roman'"> 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&#8217;s general partner maintains a 2% general partner interest:</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="border-collapse:collapse; text-align:left"><tr style="height:24.75pt"><td style="width:21.6pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#8226;</font></p></td><td style="width:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:479.8pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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</font></p></td></tr></table><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="border-collapse:collapse; text-align:left"><tr style="height:12.4pt"><td style="width:21.6pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:33.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#8226;</font></p></td><td style="width:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:479.8pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">thereafter, in the manner described in the above table.</font></p></td></tr></table><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Class</font><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">B Convertible Preferred Units</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-size:8pt">[</font><font style="font-family:'Times New Roman'">During 2012 and 2013 the Partnership issued in total 24,655,554 Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Units to a group of investors including CMTC according to two separate Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Unit Subscription Agreements (the &#8220;Subscription Agreements&#8221;). The holders of the Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Units had the right to convert all or a portion of such Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Units at any time into Common Units at the conversion price of $9 per Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Unit and a conversion rate of one Common Unit per one Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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. Commencing on May</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">23, 2015, in the event the 30-day volume-weighted average trading price (&#8220;VWAP&#8221;) 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 &#8220;Partnership Mandatory Conversion Event&#8221;) 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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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&#8217;s board of directors or any duly authorized committee, out of legally available funds for such purpose, (a)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">first, the minimum quarterly Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Unit Distribution Rate on each Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Unit and (b)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">second, any cumulative Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">The minimum quarterly Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Unit Distribution Rate should be payable quarterly which is generally expected to be February</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">10,</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">May</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">10,</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">August</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">10 and November</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">10, or, if any such date is not a business day, the next succeeding business day. No distribution on the Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Units shall accumulate as of the Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">A cumulative Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Unit arrearage should not bear interest and holders of the Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Unit arrearage plus the minimum quarterly Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Unit distribution rate for such quarter. With respect to Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Units that were converted into Common Units, the holder thereof should not be entitled to a Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Unit distribution payment date; and provided, further, that if the Partnership exercises the Partnership Mandatory Conversion Right to convert the Class</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">B Convertible Preferred Units pursuant to&#160; Subscription Agreements then the holders&#8217; 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.]</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">On March 27, 2019, in connection with the DSS Transaction, </font><font style="font-family:'Times New Roman'">the Partnership redeemed and retired </font><font style="font-family:'Times New Roman'">all outstanding Class B Convertible Preferred Units at 100% of par value, translating into a redemption price of $</font><font style="font-family:'Times New Roman'">116,850, and paid to </font><font style="font-family:'Times New Roman'">Class B Convertible Preferred Units</font><font style="font-family:'Times New Roman'"> holders the pro-rata dividends for the period from January 1, 2019 to March 27, 2019, which amounted to $2,652. The difference between the carrying amount of Class B Convertible Preferred Units at the time of their redemption and their redemption price amounted to $9,119. The difference was considered as deemed dividends to preferred unit holders and was presented as income attributable to preferred unit holders in the Partnership&#8217;s consolidated financial statements.&#160;&#160;&#160;&#160; </font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Common Units</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">On March</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">3, 2019 the board of directors of the Partnership approved a one for seven reverse unit split. Pursuant to the reverse split, every seven common units issued and outstanding as of March</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">27, 2019, the date of the reverse split, was converted into one common unit. The Partnership&#8217;s common units, immediately after the reverse split became effective, started trading on a split-adjusted basis on the Nasdaq Global Select Market.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">The reverse split reduced the number of common units issued and outstanding from 127,246,692 to 18,178,100 common units and the number of general partner units issued and outstanding from 2,439,989 to 348,570 general partner units.</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">In September 2016, the Partnership entered into an equity distribution agreement with UBS Securities LLC (&#8220;UBS&#8221;) under which the Partnership could sell, from time to time, through UBS, as its sales agent, new common units having an aggregate offering amount of up to $50,000 (the &#8220;ATM offering&#8221;). The equity distribution agreement provided that UBS, when it was acting as the Partnership&#8217;s sales agent, would be entitled to compensation of up to 2% of the gross sales price of the common units sold through UBS from time to time. As of December 31, 2019 the agreement with UBS was terminated. During 2019 and 2018, the Partnership did not issue any units under the ATM offering. During 2017, the Partnership issued 736,008 new common units under the ATM offering resulting in net proceeds of $17,815 after the payment of commission to the sales agent, but before offering expenses. For the year ended December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2017, the Partnership recognized offering expenses of $176 in connection with the ATM offering. </font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">As of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 and 2018 our partners&#8217; capital included the following units:</font></p><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:169.2pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><a name="DM_MAP_1e767ad05d32483c9108c81770f90de3"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></a></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td></tr><tr><td style="width:176.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Common units</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">18,178,100</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">18,178,100</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:176.4pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">General partner units</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">348,570</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">348,570</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:176.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Preferred units</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">-</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">12,983,333</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:169.2pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:176.4pt; vertical-align:bottom"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total partnership units</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">18,526,670</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">31,510,003</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:169.2pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:109.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:19.8pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div> <div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:311pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">For</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">the</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">year ending </font></p><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Amount</font></p></td></tr><tr><td style="width:311pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">2020</font></p></td><td style="width:49pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$11,696</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">2021</font></p></td><td style="width:49pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">8,417</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2022</font></p></td><td style="width:49pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">8,371</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2023</font></p></td><td style="width:49pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">8,371</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2024</font></p></td><td style="width:49pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">8,326</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Thereafter</font></p></td><td style="width:49pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,094</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160; 46,275</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><br style="page-break-before:always; clear:both" /></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div> <div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:311pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">For</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">the</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">year ending </font></p><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Amount</font></p></td></tr><tr><td style="width:311pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">2020</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$29,145</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2021</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">27,397</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2022</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">27,397</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2023</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">101,014</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2024</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">11,093</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Thereafter</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">66,339</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:303.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:311pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160; 262,385</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(a) Principles of Consolidation</font><font style="font-family:'Times New Roman'; font-weight:bold">:</font><font style="font-family:'Times New Roman'"> The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;), 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.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2. Significant Accounting Policies</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_f3c961e4c2b2486082995eff7bbd1453"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(a) Principles of Consolidation</font><font style="font-family:'Times New Roman'; font-weight:bold">:</font><font style="font-family:'Times New Roman'"> The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;), 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.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_11437a02b8c14334823516632ef19928"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(b) Use of Estimates:</font><font style="font-family:'Times New Roman'"> 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.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_6a2a6d6e3ca54ceb94f8a70ce96a5b9d"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(c) Accounting for Revenue, Voyage and Operating Expenses:</font><font style="font-family:'Times New Roman'"> The Partnership generates its revenues from charterers for the charter hire of its vessels. Vessels are chartered on time or voyage charters.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">The time charter contracts are considered operating leases and therefore</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">fall under the scope of Accounting Standard Codification (&#8220;ASC&#8221;) </font><font style="font-family:'Times New Roman'">842 and </font><font style="font-family:'Times New Roman'">the voyage charter contracts fall under the scope of ASC </font><font style="font-family:'Times New Roman'">606 (Note 4).</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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&#8217;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 &#8216;contract fulfillment costs&#8217; and are included in &#8216;prepayments and other assets&#8217; in the consolidated balance sheets.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Vessel operating expenses presented in the consolidated financial statements mainly consist of management fees payable to the Partnership&#8217;s managers and crew, repairs and maintenance, insurance, stores, spares, lubricants and other operating expenses.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Vessel operating expenses are expensed as incurred.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_d0bd26bee7b84d218cbccb76469b9e24"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(d) Foreign Currency Transactions:</font><font style="font-family:'Times New Roman'"> The functional currency of the Partnership is the U.S.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Dollar because the Partnership&#8217;s vessels operate in international shipping markets that utilize the U.S.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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 &#8220;Other income&#8221; in the consolidated statements of comprehensive (loss) / income.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_20a08fa338084ba8a33c63302ff8b3c4"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(e) Cash and Cash Equivalents:</font><font style="font-family:'Times New Roman'"> The Partnership considers highly liquid investments such as time deposits and certificates of deposit with an original maturity of three months or less to be cash equivalents.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_78d178aa7d89498ba4e7cff72c5deb6f"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(f) Restricted cash:</font><font style="font-family:'Times New Roman'"> For the Partnership to comply with debt covenants under its credit facilities, it must maintain minimum cash deposits. Such deposits are considered by the Partnership to be restricted cash.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_f608e165451449939e2e794ef4798779"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(g) Trade Accounts Receivable:</font><font style="font-family:'Times New Roman'"> 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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 the respective write off amounted to $6. For the year ended December 31, 2018 there were no write offs.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_1cb066fdca304d91bf746badaba3851e"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(h) Inventories:</font><font style="font-family:'Times New Roman'"> 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.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_679202a5f13b45c4bae490ae771372c4"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(i) Vessels Held for Sale:</font><font style="font-family:'Times New Roman'"> The Partnership classifies vessels as being held for sale when the following criteria are met: (i)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">management is committed to sell the asset; (ii)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">the asset is available for immediate sale in its present condition; (iii)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">an active program to locate a buyer and other actions required to complete the plan</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">to sell the asset have been initiated; (iv)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (vi)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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. </font></a></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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.</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">its fair value at the date of the subsequent decision not to sell.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_1b6d6db67427483b931959e823dc75a9"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(j) Fixed Assets:</font><font style="font-family:'Times New Roman'"> Fixed assets consist of vessels, which are stated at cost, less accumulated depreciation. Vessel cost consists of the contract price for the vessel and any material expenses incurred upon 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). 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&#8217;s vessels is depreciated, beginning when the vessel is ready for its intended use, on a straight-line basis over the vessel&#8217;s remaining economic useful life, after considering the estimated residual value. Management estimates the scrap value of the Partnership&#8217;s vessels to be $0.2 per light weight ton (LWT) and useful life to be 25 years.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_a37bace5419441ebae8a4880c86af927"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(k) Impairment of Long-lived Assets:</font><font style="font-family:'Times New Roman'"> 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.</font></a></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">GAAP as of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 and 2018, 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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">and the estimated remaining useful life of the vessels. These assumptions are based on historical trends as well as future expectations that are in line with the Partnership&#8217;s historical performance and expectations for the vessels&#8217; utilization under the current deployment strategy.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 and 2018.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_032fd85ecde34bcaa4dfb2ec423cf011"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(l) Deferred charges, net:</font><font style="font-family:'Times New Roman'"> Deferred charges, net are comprised mainly of dry docking costs. The Partnership&#8217;s vessels are required to be dry docked every thirty to sixty 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.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_bfcea0d53dab416c848738ce6da3cbe9"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(m) Intangible assets:</font><font style="font-family:'Times New Roman'"> 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.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_5426b84a83e547889d9113499ca315f9"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(n) Net Income Per Limited Partner Unit:</font><font style="font-family:'Times New Roman'"> Basic net income per limited partner unit is calculated by dividing the Partnership&#8217;s net income less net income allocable to preferred unit holders, general partner&#8217;s interest in net income (including incentive distribution rights (&#8220;IDR&#8221;)) 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.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:6pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_2ea4691b44434379bc3892a110da2ef4"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(o) Segment Reporting:</font><font style="font-family:'Times New Roman'"> 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 one 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.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_c37bb73716704bd2ada43ff7e0b00258"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(p) Omnibus Incentive Compensation Plan:</font><font style="font-family:'Times New Roman'"> 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 (loss) / income. These units are measured at their fair value equal to the market value of the Partnership&#8217;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).</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(q) Recent Accounting Pronouncements:</font><font style="font-family:'Times New Roman'"> In June 2018 the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued the Accounting Standards Update (&#8220;ASU&#8221;) 2018-07 </font><font style="font-family:'Times New Roman'">which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees was aligned with the requirements for share-based payments granted to employees. Accordingly, the ASU supersedes ASC 505-50 and expands the scope of ASC 718 to include all share-based payment arrangements related to the acquisition of goods and services from both nonemployees and employees. According to the amendments of this ASU and </font><font style="font-family:'Times New Roman'">consistently with the accounting requirement for employee share based payment awards, nonemployee share-based payment awards within the scope of Topic 718 are measured at grant-date. </font><font style="font-family:'Times New Roman'">The Partnership adopted this ASU for the reporting period commencing on January 1, 2019</font><font style="font-family:'Times New Roman'"> with no significant impact on its financial statements. Please refer to Note 14 for further details.</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'"> In February 2016, the FASB issued the ASU 2016-02, Leases (codified as ASC 842). The main provision of this ASU is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. The requirements of this standard include an increase in required disclosures. The Partnership&#8217;s time charter arrangements are subject to the requirements of the new Leases standard as the Partnership is regarded as the lessor. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after the date of initial application, amended subsequently with ASU 2018-11 below adding an option to use certain transition relief. This standard is effective for public entities with reporting periods beginning after December 15, 2018, including interim periods within those years. Early adoption is permitted. </font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">In July 2018, the FASB issued ASU 2018-11 to provide entities with relief from the costs of implementing certain aspects of the new leases standard, ASU 2016-02. Specifically, under the amendments in ASU 2018-11:</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(a) Entities may elect not to recast the comparative periods presented when transitioning to ASC 842; and</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(b) Lessors may elect not to separate lease and non-lease components when the following criteria are met: Criterion A &#8212; the timing and pattern of transfer for the lease component is the same as those for the non-lease component associated with that lease component and Criterion B &#8212; the lease component, if accounted for separately, would be classified as an operating lease.</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">The transition relief amendments in the ASU apply to entities that have not yet adopted ASC 842. The effective date and transition requirements for the amendments in this update for entities that have not adopted Topic 842 before the issuance of this update are the same as the effective date and transition requirements in Update 2016-02.</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">In December 2018, the FASB issued ASU 2018-20 to provide narrow scope improvements for lessors. The amendments in this update related to sales taxes and other similar taxes collected from lessees affect all lessors that elect the accounting policy election. In addition, amendments in this update related to lessor costs affect all lessor entities that have lease contracts that either require lessees to pay lessor costs directly to a third party or require lessees to reimburse lessors for costs paid by lessors directly to third parties. Finally, the amendments in this update related to recognition of variable payments for contracts with lease and non-lease components affect all lessor entities with variable payments that relate to both lease and non-lease components. The effective date and transition requirements for the amendments in this update for entities that have not adopted Topic 842 before the issuance of this update are the same as the effective date and transition requirements in ASU 2016-02. Please refer to Note 4. </font></p></div> <div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:179.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:250.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">For the years ended December 31,</font></p></td></tr><tr><td style="width:179.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td><td style="width:70.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2017</font></p></td></tr><tr><td style="width:179.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Time charters (operating leases)</font></p></td><td style="width:79.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:justify; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'">108,374</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'">107,923</font></p></td><td style="width:70.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'">112,499</font></p></td></tr><tr><td style="width:179.35pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Voyage charters </font></p></td><td style="width:79.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</font></p></td><td style="width:79.35pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'">&#160;&#160; </font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">9,672</font></p></td><td style="width:70.7pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'">&#160;&#160; </font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">4,173</font></p></td></tr><tr><td style="width:179.35pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:79.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:justify; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-weight:bold">108,374</font></p></td><td style="width:79.35pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-weight:bold">117,595</font></p></td><td style="width:70.7pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-weight:bold">116,672</font></p></td></tr></table></div><p style="margin-top:6pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:11.25pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">4. Revenues from continuing operations</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">The following table shows the revenues from continuing operations earned from time and voyage charters contracts for the years ended</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">December 31, 2019, 2018 and 2017:</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:179.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><a name="DM_MAP_4e0d7dd5b9f04708a24766a357b00459"><font style="font-family:'Times New Roman'">&#xa0;</font></a></p></td><td colspan="3" style="width:250.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">For the years ended December 31,</font></p></td></tr><tr><td style="width:179.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:79.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td><td style="width:70.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:center; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2017</font></p></td></tr><tr><td style="width:179.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Time charters (operating leases)</font></p></td><td style="width:79.25pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:justify; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'">108,374</font></p></td><td style="width:79.35pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'">107,923</font></p></td><td style="width:70.7pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'">112,499</font></p></td></tr><tr><td style="width:179.35pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Voyage charters </font></p></td><td style="width:79.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</font></p></td><td style="width:79.35pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'">&#160;&#160; </font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">9,672</font></p></td><td style="width:70.7pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'">&#160;&#160; </font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">4,173</font></p></td></tr><tr><td style="width:179.35pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:79.25pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:justify; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-weight:bold">108,374</font></p></td><td style="width:79.35pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-weight:bold">117,595</font></p></td><td style="width:70.7pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-weight:bold">116,672</font></p></td></tr></table></div><p style="margin-top:6pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Time charters contracts</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">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 and therefore fall under the scope of ASC 842 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.</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">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 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&#8217;s opening retained earnings as of January 1, 2019. </font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Voyage charters contracts</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">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)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">the Partnership can identify each party&#8217;s rights regarding the services to be transferred, (3)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">the Partnership can identify the payment terms for the services to be transferred, (4)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">the charter agreement has commercial substance (that is, the risk, timing, or amount of the Partnership&#8217;s future cash flows is expected to change as a result of the contract) and (5)</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">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. 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. </font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">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&#8217; speed.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">The Partnership adopted the provisions of ASC 606 on January</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">1, 2018 using the modified retrospective approach for contracts that are not completed at the date of initial application. As such, the comparative information has not been restated and continues to be reported under the accounting standards in effect for periods prior to January</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">1, 2018. The effect of the implementation of this update was insignificant as most of the Partnership&#8217;s vessels were operated under time charter arrangements as of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2017 and as a result no adjustment was posted in the Partnership&#8217;s opening retained earnings as of January</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">1, 2018. </font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Payment terms under voyage charters are disclosed in the relevant voyage charter agreements. Prior to the adoption of this standard, revenues generated under voyage charter agreements were recognized on a pro-rata basis over the period of the voyage which was deemed to commence upon the later of the completion of discharge of the vessel&#8217;s previous cargo or upon vessel&#8217;s arrival at the agreed upon port, and deemed to end upon the completion of discharge of the delivered cargo.</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Further, the adoption of ASC 606 impacted the accounts receivable, the prepayments and other assets and the current liabilities on Partnership&#8217;s balance sheet as of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2018. Under ASC 606, receivables represent an entity&#8217;s unconditional right to consideration, whether billed or unbilled. As of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 and 2018 prepayments and other assets include bunker expenses of $0 and $397, respectively, incurred between the contract date and the date of the vessel&#8217;s arrival to the load port. As of December 31, 2019 there was no unearned revenue related to undelivered performance obligation. As of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2018 the unearned revenue related to undelivered performance obligations amounted to $371. The Partnership recognized this revenue in the first quarter of 2019 as the performance obligations were met.</font></p></div> <div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:540pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:309.15pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Bank</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">loans</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></p><p style="margin-top:0pt; margin-bottom:1pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></p><p style="margin-top:0pt; margin-bottom:1pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Margin</font></p></td></tr><tr><td style="width:20.25pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">(i)</font></p></td><td style="width:316.35pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Issued in September 2017 maturing in October 2023 (the &#8220;2017 credit facility&#8221;)</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">262,385</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">295,118</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:49pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3.25%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:309.15pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">&#xa0;</font></p></td><td style="width:316.35pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total long-term debt</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 262,385</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; 295,118</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:309.15pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:316.35pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Less: Deferred loan issuance costs</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3,399</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3,707</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:309.15pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:316.35pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total long-term debt, net</font></p></td><td style="width:70pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt">&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold"> 258,986</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 291,411</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:316.35pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Less: Current portion of long-term debt</font></p></td><td style="width:70pt; border-top-style:solid; border-top-width:0.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">29,145</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; border-top-style:solid; border-top-width:0.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">38,494</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:316.35pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Add: Current portion of deferred loan issuance costs</font></p></td><td style="width:70pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">2,148</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,015</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:316.35pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Long-term debt, net</font></p></td><td style="width:70pt; border-top-style:solid; border-top-width:0.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 231,989</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; border-top-style:solid; border-top-width:0.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 253,932</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:309.15pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">8. Long-Term Debt</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">Long-term debt consists of the following:</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:540pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; line-height:2pt"><a name="DM_MAP_1a4083af569942d8aa656bbc01688a20"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></a></p></td><td style="width:309.15pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Bank</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">loans</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></p><p style="margin-top:0pt; margin-bottom:1pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">As</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">of</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></p><p style="margin-top:0pt; margin-bottom:1pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Margin</font></p></td></tr><tr><td style="width:20.25pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">(i)</font></p></td><td style="width:316.35pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Issued in September 2017 maturing in October 2023 (the &#8220;2017 credit facility&#8221;)</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">262,385</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">295,118</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:49pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3.25%</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:309.15pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">&#xa0;</font></p></td><td style="width:316.35pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total long-term debt</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 262,385</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160; 295,118</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:309.15pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:316.35pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Less: Deferred loan issuance costs</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3,399</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">3,707</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:309.15pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:316.35pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total long-term debt, net</font></p></td><td style="width:70pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt">&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold"> 258,986</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 291,411</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:316.35pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Less: Current portion of long-term debt</font></p></td><td style="width:70pt; border-top-style:solid; border-top-width:0.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">29,145</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; border-top-style:solid; border-top-width:0.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">38,494</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:316.35pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Add: Current portion of deferred loan issuance costs</font></p></td><td style="width:70pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">2,148</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,015</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td><td style="width:316.35pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Long-term debt, net</font></p></td><td style="width:70pt; border-top-style:solid; border-top-width:0.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 231,989</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:70pt; border-top-style:solid; border-top-width:0.75pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:1pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 253,932</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p></td></tr><tr><td style="width:13.05pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:309.15pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:70pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:41.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">In connection with the DSS Transaction (Note 1), the Partnership prepaid an amount of $89,298 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 $146,517 plus accrued interest and breakage costs. The Partnership presents associated amounts of long-term debt outstanding as of December 31, 2018 and 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).&#160; </font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">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 is payable in 19 equal quarterly installments of $7,703 beginning in April 2019 in addition to a balloon installment of $139,130, which is payable together with the final quarterly installment in the fourth quarter of 2023. All other terms and conditions remained unchanged.&#160;&#160;&#160; </font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">During the year ended December 31, 2019 and 2018 the Partnership repaid the amount of $32,733 and $34,984, respectively, in line with the amortization schedule of its 2017 credit facility. Also, during 2018 the Partnership prepaid the amounts of $</font><font style="font-family:'Times New Roman'">14,383 and $5,916 due to the disposal of the M/T Aristotelis and the M/T Amore Mio II respectively (Note 6).</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font><font style="font-family:'Times New Roman'">The Partnership&#8217;s credit facility contains 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 2:1, a minimum cash requirement of $500 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 0.75:1. The 2017 credit facility also contains a collateral maintenance requirement under which the aggregate fair market value of the collateral vessels should not be less than 125% of the outstanding loans under the credit facility. 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</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 and 2018 the Partnership was in compliance with all financial covenants.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">The credit facility includes a general assignment of the earnings, insurances and requisition compensation of the respective collateral vessel or vessels. It also requires additional security, such as pledge and charge on current accounts and mortgage interest insurance.</font></p><p style="margin-top:6.6pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">As of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019, there were no undrawn amounts under the Partnership&#8217;s credit facility.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">For the years ended December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019, 2018 and 2017, the Partnership recorded interest expense from continuing operations of $15,836, $17,422 and $18,441 respectively, which is included in &#8220;Interest expense and finance cost&#8221; in the consolidated statements of comprehensive (loss) / income. For the years ended December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019 and 2018, the weighted average interest rate of the Partnership&#8217;s loan facilities was 5.7% and 5.4% respectively.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">In December 2019 the Partnership entered into a term sheet with ICBC Financial Leasing Co., Ltd. (&#8220;ICBCFL&#8221;) for the sale and lease back of three vessels currently mortgaged under the 2017 credit facility, namely the CMA CGM Amazon, the CMA CGM Uruguay and the CMA CGM Magdalena, for a total amount of $155,350. The lease has a duration of seven years after drawdown, bears interest at Libor plus a margin of 2.60% and includes mandatory purchase obligations for the Partnership to repurchase the vessels on expiration at the predetermined price of $77,700 in total. </font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">In addition, the Partnership has various purchase options commencing from the first year anniversary of the lease. Upon the completion of the ICBCFL lease the Partnership will repay the amount of $119,923 required under the 2017 credit facility for the release of the vessels. Taking into account the refinancing with ICBCFL the required annual loan payments to be made subsequently to December 31, 2019 are as follows:</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:311pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><a name="DM_MAP_0870c1836a1f4ec1be0fe8473290f7fd"><font style="font-family:'Times New Roman'; font-weight:bold">For</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">the</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">year ending </font></a></p><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Amount</font></p></td></tr><tr><td style="width:311pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">2020</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$29,145</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2021</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">27,397</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2022</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">27,397</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2023</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">101,014</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2024</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">11,093</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Thereafter</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">66,339</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:303.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:311pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:56.8pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$&#160;&#160;&#160;&#160; 262,385</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div> <div class="Section1"><table cellspacing="0" cellpadding="0" style="border-collapse:collapse"><tr style="height:11.5pt"><td rowspan="2" style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Major items constituting net (loss) / income from discontinued operations</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="width:185.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">For the years ended December 31,</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019*</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td><td colspan="2" style="width:52.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2017</font></p></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">Revenues&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$ 46,172</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">$ 161,659</font></p></td><td colspan="2" style="width:52.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">$ 132,443</font></p></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Expenses</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="width:52.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">Voyage expenses</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">12,655</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">37,202</font></p></td><td colspan="2" style="width:52.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">10,498</font></p></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">Vessel operating expenses</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">15,506</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">68,406</font></p></td><td colspan="2" style="width:52.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">54,281</font></p></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">General and administrative expenses</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">2,564</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:52.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">Vessel depreciation and amortization</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">9,630</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">40,276</font></p></td><td colspan="2" style="width:52.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">38,014</font></p></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Impairment of vessels</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">149,578</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td colspan="2" style="width:52.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Interest expense and finance cost</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">3,174</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">8,433</font></p></td><td colspan="2" style="width:52.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">6,642</font></p></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Other (income) / expenses</font></p></td><td style="width:59.6pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(59)</font></p></td><td style="width:53pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(16</font><font style="font-family:'Times New Roman'">5</font><font style="font-family:'Times New Roman'">)</font></p></td><td colspan="2" style="width:52.95pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">32</font><font style="font-family:'Times New Roman'">0</font></p></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Net (loss) / income from discontinued operations&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p></td><td style="width:59.6pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$ (146,876)</font></p></td><td style="width:53pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$ 7,507</font></p></td><td colspan="2" style="width:52.95pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$ 22,688</font></p></td></tr><tr style="height:0pt"><td style="width:312.35pt"></td><td style="width:70.4pt"></td><td style="width:63.8pt"></td><td style="width:62.1pt"></td><td style="width:1.65pt"></td></tr></table><p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt"><font style="font-family:'Times New Roman'">*represents activity for the period from January 1, 2019 to the date of the completion of the DSS Transaction on March 27, 2019. </font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:6.6pt; margin-left:4.4pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="border-collapse:collapse"><tr style="height:32.8pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Carrying amounts of major classes of assets included as part of discontinued operations</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:80.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">As of December 31, 2018</font></p></td></tr><tr style="height:10.7pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Cash</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:80.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">10,000</font></p></td></tr><tr style="height:11.3pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Inventories</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:80.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">7,183</font></p></td></tr><tr style="height:10.7pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Prepayments and other assets</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:80.05pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">6,515</font></p></td></tr><tr style="height:10.7pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total major classes of current assets of discontinued operations</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:80.05pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">23,698</font></p></td></tr><tr style="height:11.3pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Vessels</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:80.05pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">643,682</font></p></td></tr><tr style="height:10.7pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Deferred charges</font><font style="font-family:'Times New Roman'">, net</font><font style="font-family:'Times New Roman'"> </font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:80.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">2,220</font></p></td></tr><tr style="height:10.7pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Above market acquired charters</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:80.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">7,531</font></p></td></tr><tr style="height:11.3pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Prepayments and other assets</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:80.05pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,035</font></p></td></tr><tr style="height:10.7pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total major classes of non-current assets of discontinued operations</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:80.05pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">654,468</font></p></td></tr><tr style="height:22.05pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total major classes of assets of discontinued operations</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:80.05pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">678,166</font></p></td></tr><tr style="height:21.45pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Carrying amounts of major classes of liabilities included as part of discontinued operations</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:80.05pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:11.3pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Current portion of long-term debt, net</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:80.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">14,869</font></p></td></tr><tr style="height:10.7pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Deferred revenue</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:80.05pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,611</font></p></td></tr><tr style="height:10.7pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Trade accounts payables and accrued liabilities</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:80.05pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">5,055</font></p></td></tr><tr style="height:10.7pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total major classes of current liabilities of discontinued operations</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:80.05pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">21,535</font></p></td></tr><tr style="height:11.3pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Long-term debt, net</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:80.05pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">134,744</font></p></td></tr><tr style="height:10.7pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total major classes of long term liabilities of discontinued operations</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:80.05pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">134,744</font></p></td></tr><tr style="height:10.7pt"><td style="width:391.95pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total major classes of liabilities of the discontinued operations</font></p></td><td style="width:7.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:80.05pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">156,279</font></p></td></tr></table><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">3. Discontinued Operations</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">The Partnership&#8217;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). </font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Summarized selected operating results of the Partnership&#8217;s discontinued operations for the years ended December 31, 2019, 2018 and 2017 were as follows: </font></p><table cellspacing="0" cellpadding="0" style="border-collapse:collapse"><tr style="height:11.5pt"><td rowspan="2" style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Major items constituting net (loss) / income from discontinued operations</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="4" style="width:185.5pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">For the years ended December 31,</font></p></td></tr><tr><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019*</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td><td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2017</font></p></td><td style="vertical-align:top"></td></tr><tr style="height:14.2pt"><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">Revenues</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$ 46,172</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">$ 161,659</font></p></td><td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">$ 132,443</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Expenses</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">Voyage expenses</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">12,655</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">37,202</font></p></td><td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">10,498</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">Vessel operating expenses</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">15,506</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">68,406</font></p></td><td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">54,281</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">General and administrative expenses</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">2,564</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">Vessel depreciation and amortization</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">9,630</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">40,276</font></p></td><td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'">38,014</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Impairment of vessels</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">149,578</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#ccecff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Interest expense and finance cost</font></p></td><td style="width:59.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">3,174</font></p></td><td style="width:53pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">8,433</font></p></td><td style="width:45.9pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">6,642</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Other (income) / expenses</font></p></td><td style="width:59.6pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(59)</font></p></td><td style="width:53pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(16</font><font style="font-family:'Times New Roman'">5</font><font style="font-family:'Times New Roman'">)</font></p></td><td style="width:45.9pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">32</font><font style="font-family:'Times New Roman'">0</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:301.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Net (loss) / income from discontinued operations&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p></td><td style="width:59.6pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$ (146,876)</font></p></td><td style="width:53pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$ 7,507</font></p></td><td style="width:45.9pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$ 22,688</font></p></td><td style="vertical-align:top"></td></tr><tr style="height:0pt"><td style="width:312.35pt"></td><td style="width:70.4pt"></td><td style="width:63.8pt"></td><td style="width:56.7pt"></td><td style="width:5.4pt"></td></tr></table><p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt"><font style="font-family:'Times New Roman'">*represents activity for the period from January 1, 2019 to the date of the completion of the DSS Transaction on March 27, 2019. </font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">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. Summarized selected balance sheet information of the Partnership&#8217;s discontinued operations as of December 31, 2018 was as follows:</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="border-collapse:collapse"><tr style="height:33.45pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Carrying amounts of major classes of assets included as part of discontinued operations</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:78.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">As of December 31, 2018</font></p></td></tr><tr style="height:10.9pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Cash</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:78.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">10,000</font></p></td></tr><tr style="height:11.55pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Inventories</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:78.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">7,183</font></p></td></tr><tr style="height:10.9pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Prepayments and other assets</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:78.6pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">6,515</font></p></td></tr><tr style="height:10.9pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total major classes of current assets of discontinued operations</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:78.6pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">23,698</font></p></td></tr><tr style="height:11.55pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Vessels</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:78.6pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">643,682</font></p></td></tr><tr style="height:10.9pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Deferred charges</font><font style="font-family:'Times New Roman'">, net</font><font style="font-family:'Times New Roman'"> </font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:78.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">2,220</font></p></td></tr><tr style="height:10.9pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Above market acquired charters</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:78.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">7,531</font></p></td></tr><tr style="height:11.55pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Prepayments and other assets</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:78.6pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,035</font></p></td></tr><tr style="height:10.9pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total major classes of non-current assets of discontinued operations</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:78.6pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">654,468</font></p></td></tr><tr style="height:22.5pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total major classes of assets of discontinued operations</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:10pt; text-align:right; line-height:115%; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:78.6pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">678,166</font></p></td></tr><tr style="height:21.9pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Carrying amounts of major classes of liabilities included as part of discontinued operations</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:78.6pt; border-top-style:solid; border-top-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:11.55pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Current portion of long-term debt, net</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:78.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">14,869</font></p></td></tr><tr style="height:10.9pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Deferred revenue</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:78.6pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,611</font></p></td></tr><tr style="height:10.9pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Trade accounts payables and accrued liabilities</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:78.6pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">5,055</font></p></td></tr><tr style="height:10.9pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total major classes of current liabilities of discontinued operations</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:78.6pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">21,535</font></p></td></tr><tr style="height:11.55pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Long-term debt, net</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:78.6pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">134,744</font></p></td></tr><tr style="height:10.9pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total major classes of long term liabilities of discontinued operations</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:78.6pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">134,744</font></p></td></tr><tr style="height:10.9pt"><td style="width:385.55pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total major classes of liabilities of the discontinued operations</font></p></td><td style="width:7.3pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:78.6pt; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">156,279</font></p></td></tr></table><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">During 2019 and 2018, the Partnership paid advances relating to the purchase of exhaust gas cleaning systems and ballast water treatment systems that will be installed to certain of its vessels that are part of Crude and Product tanker business, of $1,110 and $1,035 respectively.</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">During 2018, the Partnership acquired the M/T Aristaios and the M/T Anikitos and their attached time charter contracts. As the time charters daily rates of these contracts were above the market rates as of the transactions&#8217; completion dates, the Partnership recognized the time charter contracts in its financial statements as above market acquired charters. The Partnership allocated the total consideration for these acquisitions to the vessels in the amount of $73,959 and to the above market acquired charters in the amount of $10,041. The M/T Aristaios and the M/T Anikitos were part of the Crude and Product Tanker business that the Partnership spun-off in connection with the DSS Transaction.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">During 2018 and 2017, certain of the Partnership&#8217;s vessels that were part of the Crude and Product tanker business underwent improvements. The costs of these improvements amounted to $1,091 and $143 respectively and were capitalized as part of the vessels&#8217; cost.</font></p></div> <div class="Section1"><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:302.65pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Above</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">market</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">acquired</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">charters</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; page-break-after:avoid; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Book</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Value</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td></tr><tr><td style="width:302.65pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Carrying amount as at January</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">1, 2018</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">75,035</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:295.45pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:302.65pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Amortization</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160; (14,380)</font></p></td></tr><tr><td style="width:295.45pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:302.65pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Carrying amount as at December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2018</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">60,655</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:295.45pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:302.65pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Amortization</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160; (14,380)</font></p></td></tr><tr><td style="width:295.45pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:302.65pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Carrying amount as at December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2019</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">46,275</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:295.45pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">7. Above market acquired charters</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">For the years ended December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019, 2018 and 2017 revenues were reduced by $14,380 for each year corresponding to the amortization of the above market acquired charters.</font></p><p style="margin-top:13.2pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">The following table presents an analysis of above market acquired charters:</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_45f410707f8e4b52af18f351a70d7e25"><font style="font-family:'Times New Roman'">&#xa0;</font></a></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:302.65pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Above</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">market</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">acquired</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">charters</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; page-break-after:avoid; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Book</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">Value</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:8pt">&#xa0;</font></p></td></tr><tr><td style="width:302.65pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Carrying amount as at January</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">1, 2018</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">75,035</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:295.45pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:302.65pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">Amortization</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160; (14,380)</font></p></td></tr><tr><td style="width:295.45pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:302.65pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Carrying amount as at December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2018</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">60,655</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:295.45pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:302.65pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Amortization</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$&#160;&#160;&#160;&#160;&#160;&#160; (14,380)</font></p></td></tr><tr><td style="width:295.45pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr><tr><td style="width:302.65pt; vertical-align:top; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Carrying amount as at December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31, 2019</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">$</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold">46,275</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:295.45pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; line-height:2pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td><td style="width:57.35pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; line-height:1pt; border-top-style:solid; border-top-width:1pt; padding-top:1pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'">As of December</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">31, 2019, the remaining carrying amount of unamortized above market acquired time charters was $46,275 and will be amortized in future years as follows:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; widows:0; orphans:0; font-size:10pt"><a name="DM_MAP_5ec458a2cc9242cf984bb01b2fa8102d"><font style="font-family:'Times New Roman'">&#xa0;</font></a></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:311pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">For</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">the</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">year ending </font></p><p style="margin-top:0pt; margin-bottom:0pt; page-break-after:avoid; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">December</font><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font><font style="font-family:'Times New Roman'; font-weight:bold">31,</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt"><font style="font-family:'Times New Roman'; font-weight:bold">Amount</font></p></td></tr><tr><td style="width:311pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">2020</font></p></td><td style="width:49pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$11,696</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; page-break-after:avoid; font-size:10pt"><font style="font-family:'Times New Roman'">2021</font></p></td><td style="width:49pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">8,417</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2022</font></p></td><td style="width:49pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">8,371</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2023</font></p></td><td style="width:49pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">8,371</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2024</font></p></td><td style="width:49pt; padding-left:7.2pt; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">8,326</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Thereafter</font></p></td><td style="width:49pt; padding-left:7.2pt"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">1,094</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:311pt; background-color:#cceeff"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total</font></p></td><td style="width:49pt; padding-left:7.2pt; vertical-align:bottom; background-color:#cceeff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; border-bottom-style:solid; border-bottom-width:1pt; padding-bottom:1pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">$&#160;&#160;&#160; 46,275</font><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><br style="page-break-before:always; clear:both" /></p><p style="margin-top:0pt; margin-bottom:0pt; widows:0; orphans:0; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></div> Companies part of the Crude and Product tanker business which were spun-off on March 27, 2019. Vessels were disposed in the previous years. 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 on the DSS Transaction on March 27, 2019.