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During the years ended December 31, 2019, 2018 and 2017, charterers that individually accounted for more than 10% of the Partnership’s revenues were as follows 0.94 0.87 0.1 0.47 0.69 0.31 0 0.16 0.18 0.19 0 0.72 0.91 0 0 P5Y P2Y6M P35Y 500000 1 straight-line 0 0 0 685000 1400000 300000 0.01 0 0 0 200000 1631000 1654000 1830000 603000 637000 605000 120000 120000 120000 0 1086000 1350000 1350000 148000 154000 30000 30000 125000 122000 2202000 306000 1198000 0 701000 0 December 31, 2020 3000 2900 2800 0.03 0.0125 700 19600000 The Management Agreements will terminate automatically after a change of control of the owners and/or of the owners’ ultimate parent, in which case an amount equal to the estimated remaining fees, but in any case not less than for a period of 36 months and not more than 60 months, will become payable to the Manager. 0 0 0.49 172000 5 ARC 7 LNG carrier 1.1227 538000 604000 The Executive Services Agreement had an initial term of five years and, on November 18 2018, was automatically renewed for successive five year terms, unless terminated earlier. 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border-collapse:collapse"><tr style="height:15.6pt"><td style="width:61.3%; padding-right:0.7pt; 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'">&#xa0;</font></p></td><td colspan="6" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">Years ended </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">December 31,</font></p></td></tr><tr style="height:15.6pt"><td style="width:61.3%; padding-right:0.7pt; 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'">&#xa0;</font></p></td><td style="width:1.6%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.68%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2019</font></p></td><td style="width:3.22%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; 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">&#xa0;</font></p></td><td style="width:11.28%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2018</font></p></td><td style="width:3.22%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; 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></td><td style="width:9.7%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2017</font></p></td></tr><tr style="height:16.4pt"><td style="width:61.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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">Included in voyage expenses &#8211; related party</font></p></td><td style="width:1.6%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.68%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:11.28%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:3.22%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:9.7%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.8pt"><td style="width:61.3%; padding-right:0.7pt; 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'">Charter hire commissions (a) </font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:9.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,631</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:11.28%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,654</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom"><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:9.7%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,830</font></p></td></tr><tr style="height:10.8pt"><td style="width:61.3%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:11.28%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9.7%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.8pt"><td style="width:61.3%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Included in general and administrative expenses &#8211; related party</font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.68%; padding-right:0.7pt; 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:3.22%; padding-right:0.7pt; 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:11.28%; padding-right:0.7pt; 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:3.22%; padding-right:0.7pt; 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:9.7%; padding-right:0.7pt; 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></tr><tr style="height:10.8pt"><td style="width:61.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Executive services fee (d)</font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">603</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:11.28%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">637</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:9.7%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">605</font></p></td></tr><tr style="height:10.8pt"><td style="width:61.3%; padding-right:0.7pt; 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'">Administrative services fee (e)</font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:9.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">120</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:11.28%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">120</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom"><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:9.7%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">120</font></p></td></tr><tr style="height:10.8pt"><td style="width:61.3%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:11.28%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9.7%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.8pt"><td style="width:61.3%; padding-right:0.7pt; 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">Management fees-related party </font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.68%; padding-right:0.7pt; 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:3.22%; padding-right:0.7pt; 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:11.28%; padding-right:0.7pt; 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:3.22%; padding-right:0.7pt; 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:9.7%; padding-right:0.7pt; 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></tr><tr style="height:10.8pt"><td style="width:61.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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 (a)</font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">6,537</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:11.28%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">6,347</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:9.7%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">6,162</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"><table cellspacing="0" cellpadding="0" style="width:87.84%; border-collapse:collapse"><tr style="height:14.85pt"><td style="width:68.98%; padding-right:0.7pt; 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'">&#xa0;</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="4" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">Year ended December 31,</font></p></td></tr><tr style="height:14.85pt"><td style="width:68.98%; padding-right:0.7pt; 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'">&#xa0;</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.32%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2019</font></p></td><td style="width:0.5%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; 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></td><td style="width:6.4%; padding-right:0.7pt; 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">&#xa0;</font></p></td><td style="width:10.36%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2018</font></p></td></tr><tr style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Assets:</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.32%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:0.5%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:6.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.36%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.8pt"><td style="width:68.98%; padding-right:0.7pt; 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'">Working capital advances granted to the Manager (a) </font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,086</font></p></td></tr><tr style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Security deposits to Manager&#160; (a)</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,350</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,350</font></p></td></tr><tr style="height:7.2pt"><td style="width:68.98%; padding-right:0.7pt; 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'">&#xa0;</font></p></td><td style="width:3.42%; padding-right:0.7pt; 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:10.32%; padding-right:0.7pt; 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:0.5%; padding-right:0.7pt; 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:6.4%; padding-right:0.7pt; 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:10.36%; padding-right:0.7pt; 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></tr><tr style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Liabilities included in Due to related party:</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:0.5%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:6.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.36%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Working capital due to Manager (a)</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,198</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; padding-right:0.7pt; vertical-align:bottom"><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 style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Executive service charges due to Manager (d)</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">148</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">154</font></p></td></tr><tr style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Administrative service charges due to Manager (e)</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">30</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">30</font></p></td></tr><tr style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Management fees due to Manager (a)</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">701</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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 style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Other Partnership expenses due to Manager </font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">125</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">122</font></p></td></tr><tr style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total liabilities due to related party, current</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:10.32%; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,202</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:10.36%; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">306</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="width:100%; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:45.62%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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><br /><font style="font-family:'Times New Roman'; font-weight:bold">Cost</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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 colspan="3" style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:14.32%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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 Book</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">Value</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:15.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:16.44%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:14.32%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:15.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:16.44%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:14.32%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; 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">Balance December 31, 2017</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:15.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,167,500</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:16.44%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(190,202)</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom"><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:14.32%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">977,298</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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 additions to vessels&#8217; cost </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:15.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">409</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:16.44%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:14.32%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">409</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; 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'">Depreciation</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><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:15.24%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><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:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><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:16.44%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(30,330)</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><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:14.32%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(30,330)</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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 December 31, 2018</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-top-style:solid; border-top-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:15.24%; border-top-style:solid; border-top-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,167,909</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; border-top-style:solid; border-top-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:16.44%; border-top-style:solid; border-top-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(220,532)</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-top-style:solid; border-top-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:14.32%; border-top-style:solid; border-top-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">947,377</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; 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'">Depreciation</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:15.24%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:16.44%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(30,680)</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:14.32%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(30,680)</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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 December 31, 2019</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:15.24%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,167,909</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:16.44%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(251,212)</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:14.32%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">916,697</font></p></td></tr><tr style="height:0pt"><td style="width:213.5pt"></td><td style="width:1pt"></td><td style="width:6.1pt"></td><td style="width:71.3pt"></td><td style="width:1.1pt"></td><td style="width:1.1pt"></td><td style="width:15.25pt"></td><td style="width:76.95pt"></td><td style="width:0.3pt"></td><td style="width:0.85pt"></td><td style="width:1.1pt"></td><td style="width:12.45pt"></td><td style="width:67pt"></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:98.86%; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><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:27.3%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0.75pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><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="6" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">Year Ended December 31,</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; border-bottom-style:solid; border-bottom-width:0.75pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Debt instruments</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><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:27.3%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0.75pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Borrowers-Issuers</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><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="2" style="border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2019</font></p></td><td style="width:1.52%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:0.38%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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 colspan="2" style="border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2018</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.9%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.76%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin:0pt 9.45pt 0pt 12pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">$675 Million Credit Facility</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Fareastern Shipping Limited, Pegasus Shipholding S.A., Lance Shipping S.A., Seacrown Maritime Ltd., Navajo Marine Limited, Solana Holding Ltd.</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.9%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">663,000</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><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:10.76%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><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:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom"><p style="margin:0pt 9.45pt 0pt 12pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">$480 Million Term Loan B</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Arctic LNG and Dynagas Finance LLC</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; padding-right:0.7pt; vertical-align:bottom"><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:10.9%; padding-right:0.7pt; vertical-align:bottom"><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:1.52%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom"><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:10.76%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">472,800</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-right:9.45pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">$250 Million 2019 Notes</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dynagas Partners and Dynagas Finance&#160; </font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.9%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:1.52%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.76%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">250,000</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:16.15pt"><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total debt</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:10.9%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">663,000</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:10.76%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">722,800</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Less deferred financing fees</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.9%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(9,846)</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.76%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(9,984)</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-left:0.35pt; margin-bottom:0pt; text-indent:-0.35pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total debt, net of deferred finance costs</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:10.9%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">653,154</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:10.76%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">712,816</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:1pt; margin-bottom:0pt; text-indent:-1pt; font-size:10pt"><font style="font-family:'Times New Roman'">Less current portion, net of deferred financing fees</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:14.75pt; margin-bottom:0pt; text-indent:-1.35pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.9%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(45,482)</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.76%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(251,754)</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.9%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.76%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:3.2pt"><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-indent:0.25pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Long-term debt, net of current portion and deferred financing fees </font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:10.9%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">607,672</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:10.76%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">461,062</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><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:100%; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:13.95pt"><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; border-bottom-style:solid; border-bottom-width:0.75pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Year ending December 31,</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">Amount</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2020</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">48,000</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; 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'">2021</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">48,000</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">48,000</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; 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'">2023</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">48,000</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">2024</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">471,000</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom"><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="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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="border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">663,000</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:12pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><table cellspacing="0" cellpadding="0" style="width:99.96%; border-collapse:collapse"><tr style="height:7.2pt"><td style="width:89.4%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">Year ending December 31,</font></p></td><td style="width:1.5%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:9.1%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">Amount</font></p></td></tr><tr style="height:7.2pt"><td style="width:89.4%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2020</font></p></td><td style="width:1.5%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.1%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">125,783</font></p></td></tr><tr style="height:7.2pt"><td style="width:89.4%; padding-right:0.7pt; 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'">2021</font></p></td><td style="width:1.5%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.1%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">114,794</font></p></td></tr><tr style="height:7.2pt"><td style="width:89.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:1.5%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.1%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">103,824</font></p></td></tr><tr style="height:7.65pt"><td style="width:89.4%; padding-right:0.7pt; 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'">2023</font></p></td><td style="width:1.5%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:9.1%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">103,824</font></p></td></tr><tr style="height:7.2pt"><td style="width:89.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:1.5%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:9.1%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">103,935</font></p></td></tr><tr style="height:7.2pt"><td style="width:89.4%; padding-right:0.7pt; 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'">2025 and thereafter</font></p></td><td style="width:1.5%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:9.1%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">550,541</font></p></td></tr><tr style="height:7.2pt"><td style="width:89.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:1.5%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:9.1%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,102,701</font></p></td></tr></table><p style="margin-top:0pt; margin-bottom:6pt; text-align:justify; 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="width:100%; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total Quarterly</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">Distribution Target</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">Amount</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Unitholders</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><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></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Holders</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">of IDRs</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Minimum Quarterly Distribution</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">$0.365</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">99.9</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.1</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.0</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td></tr><tr><td style="padding-right:0.7pt; 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'">First Target Distribution</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">up to $0.420</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">99.9</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.1</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.0</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">above $0.420 up to $0.456</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">85.0</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.1</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">14.9</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td></tr><tr><td style="padding-right:0.7pt; 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'">Third Target Distribution</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Above $0.456 up to $0.548</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">75.0</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.1</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">24.9</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">above $0.548</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">50.0</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.1</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">49.9</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </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:464.95pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:255.8pt; padding-right:1.45pt; 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'">&#xa0;</font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="9" style="width:203.8pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; 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">Year ended December 31,</font></p></td></tr><tr style="height:14.25pt"><td style="width:255.8pt; padding-right:1.45pt; 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'">&#xa0;</font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; border-top-style:solid; border-top-width:1.5pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.3pt; border-top-style:solid; border-top-width:1.5pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; 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">2019</font></p></td><td style="width:7.7pt; padding-right:1.45pt; 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">&#xa0;</font></p></td><td style="width:12.2pt; border-top-style:solid; border-top-width:1.5pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; 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">&#xa0;</font></p></td><td style="width:46.1pt; border-top-style:solid; border-top-width:1.5pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; 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">2018</font></p></td><td style="width:9.1pt; padding-right:1.45pt; 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">&#xa0;</font></p></td><td style="width:11.75pt; border-top-style:solid; border-top-width:1.5pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; 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">&#xa0;</font></p></td><td style="width:52.7pt; border-top-style:solid; border-top-width:1.5pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; 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">2017</font></p></td><td style="width:1.4pt; border-top-style:solid; border-top-width:1.5pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; 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'">Partnership&#8217;s Net income</font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">3,613</font></p></td><td style="width:7.7pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:12.2pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:46.1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">3,613</font></p></td><td style="width:9.1pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:11.75pt; border-top-style:solid; border-top-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:52.7pt; border-top-style:solid; border-top-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">17,339</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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; font-style:italic">Less: </font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:7.7pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><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:12.2pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:46.1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:9.1pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><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:11.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:52.7pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:1.4pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; 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'">Net Income attributable to preferred unitholders</font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11,563</font></p></td><td style="width:7.7pt; padding-right:1.45pt; 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:12.2pt; padding-right:1.45pt; 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:46.1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">7,659</font></p></td><td style="width:9.1pt; padding-right:1.45pt; 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:11.75pt; padding-right:1.45pt; 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:52.7pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">6,750</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Net Income attributable to subordinated unitholders</font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:7.7pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><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:12.2pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:46.1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:9.1pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><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:11.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:52.7pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,208</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; 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'">General Partner&#8217;s interest in Net Income</font></p></td><td style="width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.3pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(8)</font></p></td><td style="width:7.7pt; padding-right:1.45pt; 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:12.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; 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:46.1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(4)</font></p></td><td style="width:9.1pt; padding-right:1.45pt; 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:11.75pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; 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:52.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">79</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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">Net income/(loss) attributable to common unitholders</font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(7,942)</font></p></td><td style="width:7.7pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:12.2pt; border-top-style:solid; border-top-width:1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:46.1pt; border-top-style:solid; border-top-width:1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(4,042)</font></p></td><td style="width:9.1pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><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:11.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:52.7pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">9,302</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; 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:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">35,490,000</font></p></td><td style="width:7.7pt; padding-right:1.45pt; 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:12.2pt; padding-right:1.45pt; 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:46.1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">35,490,000</font></p></td><td style="width:9.1pt; padding-right:1.45pt; 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:11.75pt; padding-right:1.45pt; 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:52.7pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">34,545,740</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:14.4pt"><td style="width:255.8pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Earnings/ (Losses) per common unit, basic and diluted</font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(0.22)</font></p></td><td style="width:7.7pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><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:12.2pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:46.1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(0.11)</font></p></td><td style="width:9.1pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:11.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:52.7pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">0.27</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:13.5pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:13.5pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><table cellspacing="0" cellpadding="0" style="width:85.32%; border-collapse:collapse"><tr><td style="width:58.56%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="9" style="padding-right:1.45pt; 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">Year ended December 31,</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:58.56%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.56%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:7.5pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:10.1%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:0.64%; padding-right:1.45pt; 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">&#xa0;</font></p></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td><td style="width:0.66%; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:0.66%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; 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">&#xa0;</font></p></td><td colspan="3" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2017</font></p></td></tr><tr><td style="width:58.56%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Interest expense (Note 5)</font></p></td><td style="width:3.56%; border-top-style:solid; border-top-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.1%; border-top-style:solid; border-top-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">46,638</font></p></td><td style="width:0.64%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.46%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.2%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">46,884</font></p></td><td style="width:0.66%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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="border-top-style:solid; border-top-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:8.86%; border-top-style:solid; border-top-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">39,775</font></p></td><td style="border-top-style:solid; border-top-width:0.75pt; vertical-align:top"></td></tr><tr><td style="width:58.56%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Amortization of deferred financing fees</font></p></td><td style="width:3.56%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.1%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">3,199</font></p></td><td style="width:0.64%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.46%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.2%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">3,261</font></p></td><td style="width:0.66%; padding-right:1.45pt; 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 colspan="2" style="padding-right:1.45pt; 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:8.86%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">2,804</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:58.56%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Write-off of deferred financing fees</font></p></td><td style="width:3.56%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.1%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">7,497</font></p></td><td style="width:0.64%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.46%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.2%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:0.66%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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="padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:8.86%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">2,583</font></p></td><td style="vertical-align:top"></td></tr><tr style="height:14.65pt"><td style="width:58.56%; padding-right:1.45pt; 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'">Commitment fees (Note 5)</font></p></td><td style="width:3.56%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.1%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">791</font></p></td><td style="width:0.64%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.46%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.2%; padding-right:1.45pt; vertical-align:bottom"><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:0.66%; padding-right:1.45pt; 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 colspan="2" style="padding-right:1.45pt; 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:8.86%; padding-right:1.45pt; vertical-align:bottom"><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:58.56%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Other</font></p></td><td style="width:3.56%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.1%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">466</font></p></td><td style="width:0.64%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.46%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.2%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">345</font></p></td><td style="width:0.66%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:8.86%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,119</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:58.56%; padding-right:1.45pt; 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:3.56%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><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:10.1%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">58,591</font></p></td><td style="width:0.64%; padding-right:1.45pt; vertical-align:bottom"><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:3.46%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:10.2%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">50,490</font></p></td><td style="width:0.66%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td colspan="2" style="border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:8.86%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">46,281</font></p></td><td style="vertical-align:top"></td></tr><tr style="height:0pt"><td style="width:233.8pt"></td><td style="width:14.2pt"></td><td style="width:40.35pt"></td><td style="width:2.55pt"></td><td style="width:13.8pt"></td><td style="width:40.75pt"></td><td style="width:2.65pt"></td><td style="width:2.65pt"></td><td style="width:10.7pt"></td><td style="width:35.45pt"></td><td style="width:2.4pt"></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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">3. Transactions with related parties: </font></p><p style="margin-top:6pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">During the years ended December 31, 2019, 2018 and 2017, the Partnership incurred the following charges in connection with related party transactions, which are included in the accompanying consolidated statements of income:</font></p><table cellspacing="0" cellpadding="0" style="width:93.9%; border-collapse:collapse"><tr style="height:15.6pt"><td style="width:61.3%; padding-right:0.7pt; 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'">&#xa0;</font></p></td><td colspan="6" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">Years ended </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">December 31,</font></p></td></tr><tr style="height:15.6pt"><td style="width:61.3%; padding-right:0.7pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><a name="DM_MAP_4869a7e19e814da8823369c_1_0_10_6"><font style="font-family:'Times New Roman'">&#xa0;</font></a></p></td><td style="width:1.6%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.68%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2019</font></p></td><td style="width:3.22%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; 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">&#xa0;</font></p></td><td style="width:11.28%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2018</font></p></td><td style="width:3.22%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; 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></td><td style="width:9.7%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2017</font></p></td></tr><tr style="height:16.4pt"><td style="width:61.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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">Included in voyage expenses &#8211; related party</font></p></td><td style="width:1.6%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.68%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:11.28%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:3.22%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:9.7%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.8pt"><td style="width:61.3%; padding-right:0.7pt; 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'">Charter hire commissions (a) </font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:9.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,631</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:11.28%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,654</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom"><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:9.7%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,830</font></p></td></tr><tr style="height:10.8pt"><td style="width:61.3%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:11.28%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9.7%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.8pt"><td style="width:61.3%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Included in general and administrative expenses &#8211; related party</font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.68%; padding-right:0.7pt; 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:3.22%; padding-right:0.7pt; 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:11.28%; padding-right:0.7pt; 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:3.22%; padding-right:0.7pt; 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:9.7%; padding-right:0.7pt; 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></tr><tr style="height:10.8pt"><td style="width:61.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Executive services fee (d)</font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">603</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:11.28%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">637</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:9.7%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">605</font></p></td></tr><tr style="height:10.8pt"><td style="width:61.3%; padding-right:0.7pt; 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'">Administrative services fee (e)</font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:9.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">120</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:11.28%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">120</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom"><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:9.7%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">120</font></p></td></tr><tr style="height:10.8pt"><td style="width:61.3%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:11.28%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9.7%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.8pt"><td style="width:61.3%; padding-right:0.7pt; 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">Management fees-related party </font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.68%; padding-right:0.7pt; 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:3.22%; padding-right:0.7pt; 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:11.28%; padding-right:0.7pt; 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:3.22%; padding-right:0.7pt; 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:9.7%; padding-right:0.7pt; 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></tr><tr style="height:10.8pt"><td style="width:61.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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 (a)</font></p></td><td style="width:1.6%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">6,537</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:11.28%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">6,347</font></p></td><td style="width:3.22%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:9.7%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">6,162</font></p></td></tr></table><p style="margin-top:6pt; margin-bottom:6pt; 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'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">As of December 31, 2019 and December 2018, balances with related parties consisted of the following: </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="width:87.84%; border-collapse:collapse"><tr style="height:14.85pt"><td style="width:68.98%; padding-right:0.7pt; 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'">&#xa0;</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="4" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">Year ended December 31,</font></p></td></tr><tr style="height:14.85pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><a name="DM_MAP_04326d610ea946578599bd5_1_0_12_5"><font style="font-family:'Times New Roman'">&#xa0;</font></a></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.32%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2019</font></p></td><td style="width:0.5%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; 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></td><td style="width:6.4%; padding-right:0.7pt; 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">&#xa0;</font></p></td><td style="width:10.36%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2018</font></p></td></tr><tr style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Assets:</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.32%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:0.5%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:6.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.36%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.8pt"><td style="width:68.98%; padding-right:0.7pt; 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'">Working capital advances granted to the Manager (a) </font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#8212;</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,086</font></p></td></tr><tr style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Security deposits to Manager&#160; (a)</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,350</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,350</font></p></td></tr><tr style="height:7.2pt"><td style="width:68.98%; padding-right:0.7pt; 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'">&#xa0;</font></p></td><td style="width:3.42%; padding-right:0.7pt; 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:10.32%; padding-right:0.7pt; 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:0.5%; padding-right:0.7pt; 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:6.4%; padding-right:0.7pt; 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:10.36%; padding-right:0.7pt; 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></tr><tr style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Liabilities included in Due to related party:</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:0.5%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:6.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.36%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Working capital due to Manager (a)</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,198</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; padding-right:0.7pt; vertical-align:bottom"><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 style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Executive service charges due to Manager (d)</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">148</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">154</font></p></td></tr><tr style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Administrative service charges due to Manager (e)</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">30</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">30</font></p></td></tr><tr style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Management fees due to Manager (a)</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">701</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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 style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Other Partnership expenses due to Manager </font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.32%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">125</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.36%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">122</font></p></td></tr><tr style="height:10.8pt"><td style="width:68.98%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total liabilities due to related party, current</font></p></td><td style="width:3.42%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:10.32%; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2,202</font></p></td><td style="width:0.5%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:6.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:10.36%; border-top-style:solid; border-top-width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">306</font></p></td></tr></table><p style="margin-top:12pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">a) Dynagas Ltd. </font></p><p style="margin-top:0pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The Partnership&#8217;s vessels have entered into vessel management agreements with Dynagas Ltd., the Partnership&#8217;s Manager (the &#8220;Management Agreements&#8221;). Pursuant to the terms of these Management Agreements, the Manager provides each vessel-owning entity of the Partnership with management services, including, but not limited to, commercial, technical, crew, accounting and vessel administrative services in exchange for an initial fixed daily management fee of $2.5 per vessel, for a period beginning upon the vessel&#8217;s delivery until the termination of the Management Agreement. The Management Agreements initially terminate on December 31, 2020 and are thereafter, automatically extended in additional eight-year increments if notice of termination is not previously provided by the Partnership&#8217;s vessel-owning subsidiaries. Beginning on the first calendar year after the commencement of each vessel&#8217;s Management Agreement and each calendar year thereafter, these fees are adjusted upwards by 3% until expiration of each Management Agreement, subject to further annual increases to reflect material unforeseen costs of providing the management services. The amount of such increase is to be agreed between the Partnership and the Manager, which amount will be reviewed and approved by the Partnership&#8217;s Conflicts Committee. Under the terms of the Management Agreements, the Manager charges the Partnership for any additional capital expenditures, financial costs, operating expenses and general and administrative expenses that are not covered by the management fees.&#160; </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">During the years ended December 31, 2019, 2018 and 2017, each vessel was charged a daily management fee of $3.0, $2.9 and $2.8, respectively. During the years ended December 31, 2019, 2018 and 2017, management fees under the vessel Management Agreements amounted to $6,537, $6,347 and $6,162 respectively, and are separately reflected in the accompanying consolidated statements of income.&#160; </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The Management Agreements also provide for:</font></p><ol type="i" style="margin:0pt; padding-left:0pt"><li style="margin-left:13.61pt; text-align:justify; padding-left:4.39pt; font-family:'Times New Roman'; font-size:10pt"><font>a commission of 1.25% over charter-hire agreements arranged by the Manager; and</font></li><li style="margin-left:16.39pt; text-align:justify; padding-left:1.61pt; font-family:'Times New Roman'; font-size:10pt"><font>a lump sum new-building supervision fee of $700 for the services rendered by the Manager in respect of the construction of the vessel, if applicable, plus out of pocket expenses. </font></li></ol><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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">During the years ended December 31, 2019, 2018 and 2017, charter hire commissions under the Management Agreements amounted to $1,631, $1,654 and $1,830, respectively, and are included in Voyage expenses-related party in the accompanying consolidated statements of income.</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The Management Agreements will terminate automatically after a change of control of the owners and/or of the owners&#8217; ultimate parent, in which case an amount equal to the estimated remaining fees, but in any case not less than for a period of </font><font style="font-family:'Times New Roman'">36</font><a name="_cp_text_1_481"><font style="font-family:'Times New Roman'">&#160;</font></a><font style="font-family:'Times New Roman'">months and not more than </font><font style="font-family:'Times New Roman'">60</font><font style="font-family:'Times New Roman'"> months, will become payable to the Manager. As of December 31, 2019, based on the maximum period prescribed in the Management Agreements up to the initial termination period and the basic daily fee in effect during the year ended December 31, 2019, such termination fee would amount to approximately $19.6 million. </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The Management Agreements also provide for an advance equal to three months daily management fee. In the case of termination of the Management Agreements, prior to their eight year term, by any reason other than Manager&#8217;s default, the advance is not refundable. Such advances as of December 31, 2019 and 2018, amounted to $1,350, and are separately reflected in Non-Current Assets as Due from related party in the accompanying consolidated balance sheets.</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">In addition, the Manager makes payments for operating expenses with funds provided by the Partnership. As of December 31, 2019, an amount of $1,198 was due to the Manager in relation to these operating expenses and as of December 31, 2018, an amount of $1,086, was due from the Manager in relation to these working capital advances granted to it.&#160; </font></p><p style="margin-top:12pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(b) Loan from related party</font></p><p style="margin-top:6pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On November 18, 2013, upon the completion of its IPO, the Partnership entered into the $30 million Sponsor Facility with an original term of five years from the closing date, to be used for general Partnership purposes, including working capital. The $30 million Sponsor Facility was extended on November 14, 2018, for an additional term of five years on terms and conditions identical to the initial credit facility (the &#8220;$30 million Extended Sponsor Facility&#8221;). The $30 million Extended Sponsor Facility may be drawn and be prepaid in whole or in part at any time during the life of the facility which is until November 2023. No amounts have been drawn under the respective facility as of December 31, 2019 and 2018.</font></p><p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(c) Optional Vessel acquisitions from Sponsor/ Omnibus Agreement</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">At the IPO date, the Partnership and its Sponsor entered into the Omnibus Agreement, as amended and as currently in effect. The amended Omnibus Agreement sets out (i) the terms and the extent the Partnership and the Sponsor may compete with each other, (ii) the procedures to be followed for the exercise of the Partnership&#8217;s option to acquire the Initial Optional Vessels (as defined in the Omnibus Agreement), as well as the Partnership&#8217;s option to acquire the Sponsor&#8217;s ownership interest (which is currently 49.0%) in each of five joint venture entities, each of which owns a 172,000 cubic meter ARC 7 LNG carrier which were all delivered between December 2017 and February 2019, (iii) certain rights of first offer to the Sponsor for the acquisition of LNG carriers from the Partnership, and (iv) the Sponsor&#8217;s provisions of certain indemnities in favor of the Partnership.&#160; </font></p><p style="margin-top:6pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The purchase option periods with regards to the Initial Optional Vessels that were not exercised, expired in December 2018. </font></p><p style="margin-top:6pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The Partnership&#8217;s option periods with regards to the Sponsor&#8217;s interests in the first two of the five joint venture entities described above also expired unexercised. The Partnership retains the legal right to exercise the option to acquire from its Sponsor its 49% ownership interest in the last three vessels described above, at the period specified and as per the terms prescribed in the Omnibus Agreement.</font></p><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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(d) Executive Services Agreement </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On March 21, 2014, the Partnership entered into an executive services agreement (the &#8220;Executive Services Agreement&#8221;) with its Manager with retroactive effect from the IPO closing date, pursuant to which the Manager provides the Partnership the certain services of its executive officers, who report directly to the Board of Directors. Under the Executive Services Agreement, the Manager is entitled to an executive services fee of &#8364;538 per annum (or $604 on the basis of a Euro/US Dollar exchange rate of &#8364;1.0000/$1.1227 as of December 31, 2019), payable in equal monthly installments. The Executive Services Agreement had an initial term of five years and, on November 18 2018, was automatically renewed for successive five year terms, unless terminated earlier. </font><font style="font-family:'Times New Roman'">During the years ended December 31, 2019, 2018 and 2017, executive service fees amounted to $603, $637 and $605, respectively, and are included in general and administrative expenses in the accompanying consolidated statements of income.&#160; </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(e) Administrative Services Agreement </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On December 30, 2014 and with effect from the IPO closing date, the Partnership entered into an administrative services agreement (the &#8220;Administrative Services Agreement&#8221;) with its Manager, according to which the Partnership is provided with certain financial, accounting, reporting, secretarial and information technology services, for a monthly fee of $10, plus expenses, payable in quarterly installments. The Administrative Services Agreement can be terminated upon 120 days&#8217; notice granted either by the Partnership&#8217;s Board of Directors or by Dynagas. During the years ended December 31, 2019, 2018 and 2017, administrative service fees amounted to $120 for each year and are included in general and administrative expenses &#8211; related party in the accompanying consolidated statements of income.&#160; </font></p><p style="margin-top:0pt; 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:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">4. 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font-weight:bold">Accumulated</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">Depreciation</font></p></td><td colspan="3" style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:14.32%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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 Book</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">Value</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:15.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:16.44%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:14.32%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:15.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:16.44%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:14.32%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; 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">Balance December 31, 2017</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><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:15.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,167,500</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:16.44%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(190,202)</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:14.32%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">977,298</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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 additions to vessels&#8217; cost </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:15.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">409</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:16.44%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:14.32%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">409</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; 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'">Depreciation</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><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:15.24%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><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:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><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:16.44%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(30,330)</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><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:14.32%; border-bottom-style:solid; border-bottom-width:1pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(30,330)</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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 December 31, 2018</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-top-style:solid; border-top-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:15.24%; border-top-style:solid; border-top-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,167,909</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; border-top-style:solid; border-top-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:16.44%; border-top-style:solid; border-top-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(220,532)</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-top-style:solid; border-top-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:14.32%; border-top-style:solid; border-top-width:1pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">947,377</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; 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'">Depreciation</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:15.24%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:16.44%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(30,680)</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:14.32%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(30,680)</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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 December 31, 2019</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:15.24%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,167,909</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:16.44%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(251,212)</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:14.32%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">916,697</font></p></td></tr><tr><td style="width:45.62%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:15.24%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.26%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:16.44%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="padding-right:0.7pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:14.32%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:0pt"><td style="width:213.5pt"></td><td style="width:1pt"></td><td style="width:6.1pt"></td><td style="width:71.3pt"></td><td style="width:1.1pt"></td><td style="width:1.1pt"></td><td style="width:15.25pt"></td><td style="width:76.95pt"></td><td style="width:0.3pt"></td><td style="width:0.85pt"></td><td style="width:1.1pt"></td><td style="width:12.45pt"></td><td style="width:67pt"></td></tr></table></div><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">As of December 31, 2019, all vessels comprising the Partnership&#8217;s fleet were first priority mortgaged as collateral to secure the $675 Million Credit Facility, further discussed in Note 5.</font></p><p style="margin-top:0pt; 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:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">5. Long-Term Debt:</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><p style="margin-top:0pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The amounts shown in the accompanying consolidated balance sheets are analyzed as follows:</font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:98.86%; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><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:27.3%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0.75pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><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="6" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">Year Ended December 31,</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; border-bottom-style:solid; border-bottom-width:0.75pt; font-size:10pt"><a name="DM_MAP_0159f75fec2c408f8f23588_1_0_11_9"><font style="font-family:'Times New Roman'; font-weight:bold">Debt instruments</font></a></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><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:27.3%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0.75pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Borrowers-Issuers</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><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="2" style="border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2019</font></p></td><td style="width:1.52%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:0.38%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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 colspan="2" style="border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2018</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.9%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.76%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin:0pt 9.45pt 0pt 12pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">$675 Million Credit Facility</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Fareastern Shipping Limited, Pegasus Shipholding S.A., Lance Shipping S.A., Seacrown Maritime Ltd., Navajo Marine Limited, Solana Holding Ltd.</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.9%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">663,000</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><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:10.76%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><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:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom"><p style="margin:0pt 9.45pt 0pt 12pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">$480 Million Term Loan B</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Arctic LNG and Dynagas Finance LLC</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; padding-right:0.7pt; vertical-align:bottom"><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:10.9%; padding-right:0.7pt; vertical-align:bottom"><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:1.52%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom"><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:10.76%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">472,800</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-right:9.45pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">$250 Million 2019 Notes</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dynagas Partners and Dynagas Finance&#160; </font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.9%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:1.52%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.76%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">250,000</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:16.15pt"><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total debt</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:10.9%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">663,000</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:10.76%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">722,800</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Less deferred financing fees</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.9%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(9,846)</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.76%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(9,984)</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-left:0.35pt; margin-bottom:0pt; text-indent:-0.35pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total debt, net of deferred finance costs</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:10.9%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">653,154</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:10.76%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">712,816</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:1pt; margin-bottom:0pt; text-indent:-1pt; font-size:10pt"><font style="font-family:'Times New Roman'">Less current portion, net of deferred financing fees</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:14.75pt; margin-bottom:0pt; text-indent:-1.35pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.9%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(45,482)</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:10.76%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(251,754)</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.9%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:middle; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.76%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:3.2pt"><td style="width:42.78%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-indent:0.25pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Long-term debt, net of current portion and deferred financing fees </font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:27.3%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.68%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.24%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:10.9%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">607,672</font></p></td><td style="width:1.52%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:0.38%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:2.66%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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:10.76%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">461,062</font></p></td><td style="width:0.36%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic; text-decoration:underline">$675 Million Senior Secured Term Loan Facility ($675 Million Credit Facility)</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On September 18, 2019, Fareastern Shipping Limited, Pegasus Shipholding S.A., Lance Shipping S.A., Seacrown Maritime Ltd., Navajo Marine Limited and Solana Holding Ltd., wholly owned by the Partnership, as co-borrowers, entered into a syndicated $675.0 million senior secured term loan, the $675 Million Credit Facility, with leading international banks. On September 25, 2019, the amount of $675.0 million was drawn under the $675 Million Credit Facility and the Partnership repaid in full the indebtedness outstanding under the $480 Million Senior Secured Term Loan Facility of $470.4 million; and on October 30, 2019, the remaining amount of $204.6 million plus cash on hand was used to repay the $250 Million Senior Unsecured Notes due 2019. </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The $675 Million Credit Facility bears interest at U.S. LIBOR plus 3.00% margin and is secured by, among other things, first priority mortgages on the six LNG vessels in the Partnership&apos;s fleet. The $675 Million Credit Facility is repayable over five years in 20 consecutive quarterly payments plus a balloon payment in the fifth year. </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The $675 Million Credit Facility contains financial covenants that require the Partnership to:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-indent:27pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="disc" style="margin:0pt; padding-left:0pt"><li style="margin-left:30.3pt; text-align:justify; padding-left:8.4pt; font-family:serif; font-size:10pt"><font style="font-family:'Times New Roman'">meet a specified minimum ratio of Cash and Cash Equivalents to Total Liabilities;</font></li><li style="margin-left:30.3pt; text-align:justify; padding-left:8.4pt; font-family:serif; font-size:10pt"><font style="font-family:'Times New Roman'">meet a specified maximum ratio of Total Liabilities to the Market Value Adjusted Total Assets; and</font></li><li style="margin-left:30.3pt; padding-left:8.4pt; font-family:serif; font-size:10pt"><font style="font-family:'Times New Roman'">maintain a minimum liquidity of $50.0 million in a restricted Cash Collateral Account.</font></li></ul><p style="margin-top:0pt; margin-left:38.7pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The $675 Million Credit Facility restricts the Partnership from declaring or making any distributions to its common unit-holders while borrowings are outstanding. Scheduled distributions to the preferred unit-holders under the existing Series A Preferred Units and Series B Preferred Units are not restricted provided there is no event of default while the $675 Million Credit Facility remains outstanding.&#160; </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">As of December 31, 2019, the Partnership was in compliance with all financial covenants prescribed in its $675 Million Credit Facility</font><font style="font-family:'Times New Roman'">.</font></p><p style="margin-top:9pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The annual principal payments for the Partnership&#8217;s outstanding $675 Million Credit Facility as at December 31, 2019, required to be made after the balance sheet date were as follows: </font></p><p style="margin-top:9pt; margin-bottom:6pt; text-align:justify; 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:100%; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr style="height:13.95pt"><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; border-bottom-style:solid; border-bottom-width:0.75pt; font-size:10pt"><a name="DM_MAP_406d31daeb9846b198e8d35112cfa229"><font style="font-family:'Times New Roman'; font-weight:bold">Year ending December 31,</font></a></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">Amount</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2020</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">48,000</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; 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'">2021</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">48,000</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">48,000</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; 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'">2023</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">48,000</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">2024</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">471,000</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom"><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="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><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="border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">663,000</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:middle"><p style="margin-top:0pt; margin-bottom:0pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:12pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:12pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic; text-decoration:underline">$480 Million Senior Secured Term Loan Facility (Term Loan B)</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt">On May 18, 2017, Arctic LNG and Dynagas Finance LLC, wholly owned subsidiaries of the Partnership, as co-borrowers, entered into </font><font style="font-family:'Times New Roman'; font-size:10pt">a</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'; font-size:10pt">$480.0 million senior secured term loan. The Term Loan B bore interest at LIBOR plus a margin and provided for a 0.25% quarterly amortization on the principal and a bullet payment at maturity in May 2023. On September 25, 2019, the then outstanding principal of $470.4 million of the Term Loan B was fully repaid from the proceeds of the Partnership&#8217;s new syndicated $675.0 million senior secured term loan facility.</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><a name="_Hlk36664526"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic; text-decoration:underline">$250 Million Senior Unsecured Notes due 2019 </font></a><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic; text-decoration:underline">(2019 Notes)</font></p><p style="margin-top:9pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On September 15, 2014, the Partnership completed the public offering of the 2019 Notes with the purpose of funding the majority of the purchase price related to the </font><font style="font-family:'Times New Roman'; font-style:italic">Yenisei River </font><font style="font-family:'Times New Roman'">acquisition. The 2019 Notes bore interest from the date of the original issue until maturity at a rate of 6.25% per year, payable quarterly in arrears on January 30, April 30, July 30 and October 30 of each year.&#160; The 2019 Notes were fully repaid at their maturity on October 30, 2019, using cash on hand as well as a portion of the new $675 Million Credit Facility. </font></p><p style="margin-top:12pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The weighted average interest rate on the Partnership&#8217;s long-term debt for the years ended December 31, 2019, 2018 and 2017, was 6.3%, 6.4% and 5.4%, respectively. </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:12pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Total interest incurred on long-term debt for the years ended December 31, 2019, 2018 and 2017, amounted to $46,638, $46,884 and $39,775, respectively, and is included in Interest and finance costs (Note 11) in the accompanying consolidated statements of income. </font></p><p style="margin-top:0pt; margin-bottom:12pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Commitment fees incurred for the years ended December 31, 2019, 2018 and 2017, amounted to $791, nil and nil, respectively. Such fees are included in Interest and finance costs (Note 11) in the accompanying consolidated statements of income.</font></p><p style="margin-top:9pt; 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:9pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">6. Fair Value Measurements:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-indent:27pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The following methods and assumptions were used to estimate the fair value of each class of financial instruments:</font></p><ul type="square" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.58pt; text-align:justify; widows:0; orphans:0; padding-left:8.42pt; font-family:serif; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Cash and cash equivalents, trade accounts receivable, amounts due from/to related parties and trade accounts payable:</font><font style="font-family:'Times New Roman'"> The carrying values reported in the accompanying consolidated balance sheets for those financial instruments (except for the fair value of non-current portion of amounts due from related party) 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 and liabilities with short-term maturities and are</font><font style="font-family:'Times New Roman'; font-size:12pt"> </font><font style="font-family:'Times New Roman'">reasonable estimates of their fair values. The carrying value of these instruments is separately reflected in the accompanying consolidated balance sheets. The fair value of the non-current portion of the amounts due from related parties, determined through Level 3 inputs</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">of the fair value hierarchy by discounting future cash flows using the Partnership&#8217;s estimated cost of capital, is $1,270 as of December 31, 2019, compared to its carrying value of $1,350 as of the same date.</font></li></ul><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ul type="square" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.58pt; text-align:justify; widows:0; orphans:0; padding-left:8.42pt; font-family:serif; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Long-term debt:</font><font style="font-family:'Times New Roman'"> The $675 Million Credit Facility discussed in Note 5, has an approximate recorded value due to the variable interest rate payable and is thus considered a Level 2 item in accordance with the fair value hierarchy as LIBOR rates are observable at commonly quoted intervals for the full terms of the loans. </font></li></ul><p style="margin-top:12pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">A fair value hierarchy that prioritizes the inputs used to measure fair value has been established by Generally Accepted Accounting Principles. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:</font></p><ul type="square" style="margin:0pt; padding-left:0pt"><li style="margin-left:27.58pt; text-align:justify; padding-left:8.42pt; font-family:serif; font-size:10pt"><font style="font-family:'Times New Roman'">Level 1: </font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;</font></li><li style="margin-left:27.58pt; padding-left:8.42pt; font-family:serif; font-size:10pt"><font style="font-family:'Times New Roman'">Level 2: </font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active or other inputs that are observable or can be corroborated by observable market data; and </font></li><li style="margin-left:27.58pt; text-align:justify; padding-left:8.42pt; font-family:serif; font-size:10pt"><font style="font-family:'Times New Roman'">Level 3: </font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">Unobservable inputs that are supported by little or no market activity and that are significant to the determination of the fair value of the assets or liabilities.</font></li></ul></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. Time charters acquired:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">In December 2015, the Partnership acquired from its Sponsor, the </font><font style="font-family:'Times New Roman'; font-style:italic">Lena River,</font><font style="font-family:'Times New Roman'"> which was one of the Initial Optional Vessels (Note 3(c)). In connection with the </font><font style="font-family:'Times New Roman'; font-style:italic">Lena River</font><font style="font-family:'Times New Roman'"> acquisition, the Partnership paid an aggregate consideration of $240.0 million consisting of (i) the purchase price of the vessel and, (ii) the fair value of the favorable time charter contract attached to the vessel. As a result, the Partnership recognized an intangible asset of $20.0 million, which represented the fair value of the time charter acquired, at the time of acquisition. </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">During the years ended December 31, 2019, 2018 and 2017, the amortization of the above market acquired time charter related to the acquisition of the </font><font style="font-family:'Times New Roman'; font-style:italic">Lena River </font><font style="font-family:'Times New Roman'">amounted to nil, $5,267 and $7,247 respectively, and is included in Voyage revenues in the accompanying consolidated statements of income. The respective intangible asset was fully amortized to revenues in the third quarter of 2018, in accordance with the expiration of the respective charter contract. </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">8. Commitments and Contingencies: </font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:6pt; 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; font-style:italic">Long-term leases: </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The Partnership employs its vessels under time charter contracts. Certain of its time charters provide for variable lease payments, escalating lease payments, charterers&#8217; options to extend the lease terms, termination clauses and charterers&#8217; options to purchase the underlying assets. The Partnership, in order to calculate future minimum contracted lease payments, has assessed all the relevant factors that create an economic incentive for the lessee to be reasonably certain to exercise lease renewal, termination or purchase options.</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Two of the Partnership&#8217;s time charters contain escalating lease payments and two of its time charters contain both fixed lease and</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">variable lease payments. The variable lease payments relate to services and executory costs (the &#8220;Opex Lease Element&#8221;).</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">The Opex Lease Element is determined on a cost pass through basis on the vessel&#8217;s actual operating expenses for each applicable year. Under time charters, the vessels are employed for a specific period of time in accordance with the terms of each agreement. Normally, the charterer has the option to redeliver the vessel to the owner in a period that varies a few days more or less from the contractual termination date. For certain of its time charters, the Partnership has provided to its charterers, the option to extend the lease term for additional periods under the same or different terms. The options are exercised close to the original termination dates. Specifically, under one of the Partnership&#8217;s time charters, the charterer has options to extend a three year contract, by two consecutive 12 month periods, at escalating rates and, under two of its time charters, the charterer has the option to extend the original lease term by three consecutive periods of five years, the first declared at the original termination date and each of the two remaining at or close to the termination of each option period. Certain time charters are subject to the</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">satisfaction of important conditions, which, if not satisfied, or waived by the charterer, may result in their cancellation or amendment and in such case the Partnership may not receive the contracted revenues thereunder. The Partnership assessed the respective termination clauses and concluded that the lease term is not affected. In addition, under certain time charters and, upon certain circumstances triggering a sanctions event, as defined therein, the charterers have the option to purchase the vessels unless the Partnership can remediate such event.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:6pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">As of December 31, 2019, the Partnership reported lease income (which excludes the non- cash adjustments) of $130.5 million. The Partnership&#8217;s maturity analysis of future minimum contracted lease payments (excluding variable lease payments) under its non-cancelable long-term time charter contracts, as of December 31, 2019, gross of brokerage commissions, without taking into consideration any assumed off-hire days (including those arising out of periodical class survey requirements), is as analyzed below:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="width:99.96%; border-collapse:collapse"><tr style="height:7.2pt"><td style="width:89.4%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><a name="DM_MAP_ec3b1756a94b4c64a2c2892b4bf42456"><font style="font-family:'Times New Roman'; font-weight:bold">Year ending December 31,</font></a></p></td><td style="width:1.5%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:9.1%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">Amount</font></p></td></tr><tr style="height:7.2pt"><td style="width:89.4%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">2020</font></p></td><td style="width:1.5%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.1%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">125,783</font></p></td></tr><tr style="height:7.2pt"><td style="width:89.4%; padding-right:0.7pt; 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'">2021</font></p></td><td style="width:1.5%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.1%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">114,794</font></p></td></tr><tr style="height:7.2pt"><td style="width:89.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:1.5%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.1%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">103,824</font></p></td></tr><tr style="height:7.65pt"><td style="width:89.4%; padding-right:0.7pt; 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'">2023</font></p></td><td style="width:1.5%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:9.1%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">103,824</font></p></td></tr><tr style="height:7.2pt"><td style="width:89.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:1.5%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:9.1%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">103,935</font></p></td></tr><tr style="height:7.2pt"><td style="width:89.4%; padding-right:0.7pt; 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'">2025 and thereafter</font></p></td><td style="width:1.5%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:9.1%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">550,541</font></p></td></tr><tr style="height:7.2pt"><td style="width:89.4%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:1.5%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:9.1%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">1,102,701</font></p></td></tr></table><p style="margin-top:0pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:6pt; text-align:justify; 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; font-style:italic">Legal Proceedings:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Various claims, suits, and complaints, including those involving government regulations and product liability, arise in the ordinary course of the shipping business. In addition, losses may arise from disputes with charterers, agents, insurance and other claims with suppliers relating to the operations of the Partnership&#8217;s vessels. Currently, management is not aware of any such claims not covered by insurance or contingent liabilities which should be disclosed (other than that referred below) or for which a provision should be established in the accompanying consolidated financial statements. The Partnership accrues for the cost of environmental liabilities when management becomes aware that a liability is probable and is then able to reasonably estimate the probable exposure. Currently, management is not aware of any such claims or contingent liabilities, which should be disclosed, or for which a provision should be established in the accompanying consolidated financial statements. The Partnership is covered in the event of any liabilities associated with the individual vessels&#8217; actions up to the maximum limits as provided for by the Protection and Indemnity (P&amp;I) Clubs, members of the International Group of P&amp;I Clubs.</font></p><p style="margin-top:0pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On May 16, 2019, a purported stockholder of the Partnership filed a putative class action lawsuit against the Partnership and certain related entities and individual officers and directors of the Partnership in the United States District Court for the Southern District of New York (Case No.19- cv-04512). The complaint purports to be brought on behalf of shareholders who purchased the common stock of the Partnership between February 16, 2018 and March 21, 2019. The Complaint generally alleges that the defendants violated Sections 10(b) and/or 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by making allegedly false and/or misleading statements regarding, among other matters, new charter agreements that the Partnership entered into with various energy companies and the Partnership&#8217;s expectations about its ability to sustain its quarterly distribution. The complaint seeks unspecified damages, attorneys&#8217; fees, and other costs. On August 19, 2019, the Court appointed a group of shareholders as Lead Plaintiffs in the action, who filed an amended complaint on September 26, 2019. The amended complaint makes allegations similar to those in the original complaint, extends the class period (December 21, 2017 through March 21, 2019), adds as defendants three additional directors of the Partnership and the underwriters of the Partnership&#8217;s Series B Preferred Units Offering, and asserts new claims under Section 20A of the Securities Exchange Act of 1934 on behalf of plaintiffs who acquired Partnership securities or sold put options contemporaneously with the Series B Preferred Units Offering, and under Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 based on allegedly false and/or misleading statements in the offering documents for the Series B Preferred Units Offering. The Partnership, related entity defendants, and underwriter defendants filed a motion to dismiss the amended complaint on December 5, 2019, which is now fully briefed, but has not yet been decided by the Court.&#160;&#160; </font></p><p style="margin-top:0pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The Partnership and its management believe that the allegations in the lawsuit are without merit and intend to vigorously defend their position.</font></p><p style="margin-top:0pt; 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; text-indent:27pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold"> (c) </font><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Technical and Commercial Management Agreement:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">As further disclosed in Note 3, the Partnership has contracted </font><a name="_cp_text_1_645"><font style="font-family:'Times New Roman'">with Dynagas Ltd. for the provision of</font></a><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">commercial, administrative and technical management of its vessels pursuant to certain Management Agreements. For the commercial services provided under the Management Agreements, the Partnership pays a commission of 1.25% over the charter-hire revenues arranged by the Manager, which will survive the termination of the agreement until the termination of each charter party in force at such time. The estimated commission payable to the Manager over the minimum contractual charter revenues, discussed under (a) above, is $13,784. For vessel administrative and technical management fees, the Partnership paid during the year ended December 31, 2019, a daily management fee of $3.0 per vessel (Note 3(a)). Management fees for the period from January 1, 2020 to the date of the expiration of the agreements on December 31, 2020, adjusted for the 3% annual inflation </font><a name="_cp_text_1_659"><font style="font-family:'Times New Roman'">in accordance with the terms of the Management Agreements</font></a><font style="font-family:'Times New Roman'">, are estimated to amount to $6,752.</font></p></div> <div class="Section1"><p style="margin-top:12pt; margin-bottom:12pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">9. Partners&#8217; Equity: </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Series A Preferred Units:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On July 20, 2015, the Partnership concluded an underwritten public offering of 3,000,000 9% Series A Preferred Units, representing limited partner interests in the Partnership, at a liquidation preference of $25.00 per unit. The Partnership received $72.3 million of proceeds from this offering, net of the $2.4 million underwriting discount of and incurred offering expenses of $0.3 million.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Series B Preferred Units:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On October 23, 2018, the Partnership concluded the underwritten public offering of 2,200,000 Series B Preferred Units, representing limited partner interests in the Partnership, at a</font><a name="_cp_text_1_665"><font style="font-family:'Times New Roman'"> liquidation preference</font></a><font style="font-family:'Times New Roman'"> of $25.00 per unit. The Partnership received net proceeds of $53.0 million from this offering, after deducting underwriters&#8217; discounts and commissions and offering expenses, which amounted to $2.0 million. </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Concurrently with the conclusion of the Series B Preferred Units Public Offering, the Partnership entered into the Limited Partnership Agreement in order to, among others, conform its provisions to the terms and provisions related to the issuance of the Series B Preferred Units and to remove references to subordinated units and subordinated period that are no longer in effect.&#160;&#160; </font></p><p style="margin-top:6pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">As of December 31, 2019, the Partnership had 35,490,000 common units, 15,595,000 of which are owned by the Sponsor, 3,000,000 Series A Preferred Units, 2,200,000 Series B Preferred Units and 35,526 general partner units issued and outstanding.&#160; </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Common and General Partner unit distribution provisions:</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The Partnership pays distributions in the following manner: </font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#8226;&#160;&#160;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-style:italic">first</font><font style="font-family:'Times New Roman'">, 100% to the holders of common units and to the General Partner in accordance with their relative percentage interests, until the distributed amount in respect of each common unit equals the minimum quarterly distribution; and</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#8226;&#160;&#160; </font><font style="font-family:'Times New Roman'; font-style:italic">second</font><font style="font-family:'Times New Roman'">, 100% to the holders of common units and to the General Partner in accordance with their relative percentage interests, until each unit has received an aggregate distribution of a specified dollar amount.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The percentage allocations of available cash from operating surplus among the common unitholders, the General Partner and the holders of the incentive distribution rights up to the various target distribution levels are illustrated below. The percentage interests shown for the common unitholders, the General Partner and the holders of the incentive distribution rights for the minimum quarterly distribution are also applicable to quarterly distribution amounts that are less than the minimum quarterly distribution. The percentage interests shown for our General Partner include its 0.1% General Partner interest only and assumes that our General Partner has contributed any capital necessary to maintain its 0.1% General Partner interest. Under the Limited Partnership Agreement, the holder of the incentive distribution rights in the Partnership, which is currently the General Partner, has the right to receive an increasing percentage of cash distributions after the first target distribution level.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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:100%; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><a name="DM_MAP_6471220953514fbda761508fcb679214"><font style="font-family:'Times New Roman'">&#xa0;</font></a></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Total Quarterly</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">Distribution Target</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">Amount</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Unitholders</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><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></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="3" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">Holders</font><br /><font style="font-family:'Times New Roman'; font-weight:bold">of IDRs</font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Minimum Quarterly Distribution</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">$0.365</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">99.9</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.1</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.0</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td></tr><tr><td style="padding-right:0.7pt; 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'">First Target Distribution</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">up to $0.420</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">99.9</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.1</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.0</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">above $0.420 up to $0.456</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">85.0</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.1</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">14.9</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td></tr><tr><td style="padding-right:0.7pt; 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'">Third Target Distribution</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Above $0.456 up to $0.548</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">75.0</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.1</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">24.9</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td></tr><tr><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">above $0.548</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">50.0</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">0.1</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">49.9</font></p></td><td style="padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">% </font></p></td></tr></table></div><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On April 18, 2018, the Partnership announced a reduction in cash distribution to $0.25 per unit to all common unit holders from $0.4225 per common unit in prior quarters, which was approved by the Partnership&#8217;s Board of Directors on April 12, 2018 and was paid on May 3, 2018, to all common unitholders of record as of April 26, 2018.</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On January 25, 2019, the Partnership announced a reduction in cash distribution to $0.0625 per unit to all common unitholders from $0.25 per common unit in prior quarters, which was paid on February 14, 2019, to all common unitholders of record as of February 7, 2019. </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On September 26, 2019 the Partnership announced that pursuant to the closing of the $675 Million Credit Facility (Note 5), the Partnership is prohibited from paying distribution to its common unit-holders while borrowings are outstanding under the $675 Million Credit Facility.</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">As the quarterly distributions with respect to fiscal year 2019 were below $0.365 per common unit, the actual cash distributions and the allocation of net income for the purposes of the earnings per common unit calculation were based on the limited partners&#8217; and General Partner&#8217;s ownership percentage applying to the minimum quarterly distribution level, as per the above presented distribution waterfall. </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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; text-align:justify; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Preferred Units distribution and redemption provisions: </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Distributions on the Series A Preferred Units are cumulative from the date of original issue and are payable quarterly on February 12, May 12, August 12 and November 12, of each year, when, as and if declared by the Partnership&#8217;s Board of Directors out of amounts legally available for such purpose. Distributions are payable at a distribution rate of 9.00% per annum of the stated liquidation preference.</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Any time on or after August 12, 2020, the Series A Preferred Units may be redeemed, in whole or in part, at the Partnership&#8217;s option, out of amounts legally available for such purpose, at a redemption price of $25.00 per unit plus an amount equal to all accumulated and unpaid distributions thereon to the date of redemption, whether or not declared.</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Distributions on the Series B Preferred Units are cumulative from the date of original issue and are payable quarterly on February 22, May 22, August 22 and November 22, of each year, when, as and if declared by the Partnership&#8217;s Board of Directors out of amounts legally available for such purpose. Furthermore, distributions on the Series B Preferred Units are payable (i) from and including the original issue date to, but excluding, November 22, 2023 at a fixed rate equal to 8.75% per annum of the stated liquidation preference per unit and (ii) from and including November 22, 2023 at a floating rate equal to three-month LIBOR plus a spread of 5.593% per annum of the stated liquidation preference per unit.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">At any time on or after November 22, 2023, the Series B Preferred Units may be redeemed, in whole or in part, at the Partnership&#8217;s option, out of amounts available for such purpose, at a redemption price of $25.00 per unit plus an amount equal to all accumulated and unpaid distributions thereon to the date of redemption, whether or not declared.</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The Series A Preferred Units and the Series B Preferred Units represent perpetual equity interests in the Partnership, unlike the Partnership&#8217;s indebtedness, do not give rise to a claim for payment of a principal amount at a particular date. The Series A Preferred Units rank pari passu with the Series B Preferred Units. Both the Series A Preferred Units and the Senior B Preferred Units rank senior to the Partnership&#8217;s common units and to each other class or series of limited partner interests or other equity established after the original issue date of the Series A Preferred Units and the Series B Preferred Units that is not expressly made senior to or on a parity with the Series A Preferred Units and the Series B Preferred Units as to payment of distributions. The Series A Preferred Units and the Series B Preferred Units </font><a name="_cp_text_1_712"><font style="font-family:'Times New Roman'">are rank junior </font></a><font style="font-family:'Times New Roman'">to all of the Partnership&#8217;s </font><a name="_cp_text_1_713"><font style="font-family:'Times New Roman'">existing and future</font></a><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">indebtedness. </font><a name="_cp_text_1_714"><font style="font-family:'Times New Roman'">The interests of the holders of Series A Preferred Units or Series B Preferred Units could be diluted by the issuance of additional preferred units, including additional Series A Preferred units or Series B Preferred Units, and by other transactions.</font></a></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Common unit distributions: </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">As mentioned above, on January 25, 2019, the Partnership announced a reduction of its quarterly cash distribution to $0.0625 per common unit, for the fourth quarter of 2018, from $0.25 per common unit in prior quarters, which was paid on February 14, 2019, to all common unitholders of record as of February 7, 2019.&#160;&#160; </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On April 24, 2019, the Partnership announced a quarterly cash distribution, for the first quarter of 2019 of $0.0625 per common unit, or $2.2 million which, on May 10, 2019, was paid to all unit holders of record as of May 3, 2019.&#160; </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Series A Preferred unit distributions: </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On January 21, 2019, the Partnership&#8217;s Board of Directors declared a cash distribution of $0.5625 per unit on its Series A Preferred Units for the period from November 12, 2018 to February 11, 2019. The cash distribution was paid on February 12, 2019, to all Series A preferred unitholders of record as of February 5, 2019. </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On April 25, 2019, the Partnership&#8217;s Board of Directors declared a cash distribution of $0.5625 per unit on its Series A Preferred Units for the period from February 12, 2019 to May 11, 2019. The cash distribution was paid on May 13, 2019, to all Series A preferred unitholders of record as of May 6, 2019. </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On July 22, 2019, the Partnership&#8217;s Board of Directors declared a cash distribution of $0.5625 per unit on its Series A Preferred Units for the period from May 12, 2019 to August 11, 2019. The cash distribution was paid on August 12, 2019, to all Series A preferred unitholders of record as of August 5, 2019. </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On October 22, 2019, the Partnership&#8217;s Board of Directors declared a cash distribution of $0.5625 per unit on its Series A Preferred Units for the period from August 12, 2019 to November 11, 2019. The cash distribution was paid on November 12, 2019, to all Series A preferred unitholders of record as of November 5, 2019. </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">Series B Preferred unit distributions: </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On January 31, 2019, the Partnership&#8217;s Board of Directors declared a cash distribution of $0.7231 per unit on its Series B Preferred Units for the period from October 23, 2018 to February 21, 2019. The cash distribution was paid on February 22, 2019, to all Series B preferred unitholders of record as of February 15, 2019. </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On April 30, 2019, the Partnership&#8217;s Board of Directors declared a cash distribution of $0.546875 per unit on its Series B Preferred Units for the period from February 22, 2019 to May 21, 2019. The cash distribution was paid on May 22, 2019, to all Series B preferred unitholders of record as of May 15, 2019.</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On July 30, 2019, the Partnership&#8217;s Board of Directors declared a cash distribution of $0.546875 per unit on its Series B Preferred Units for the period from May 22, 2019 to August 21, 2019. The cash distribution was paid on August 22, 2019, to all Series B preferred unitholders of record as of August 15, 2019.</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">On October 30, 2019, the Partnership&#8217;s Board of Directors declared a cash distribution of $0.546875 per unit on its Series B Preferred Units for the period from August 22, 2019 to November 21, 2019. The cash distribution was paid on November 22, 2019, to all Series B preferred unitholders of record as of November 15, 2019.</font></p><p style="margin-top:0pt; 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; text-align:justify; 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:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">General Partner Distributions:</font><font style="font-family:'Times New Roman'"> </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">During the years ended December 31, 2019, 2018 and 2017, the Partnership paid to its General Partner and holder of the incentive distribution rights in the Partnership an amount of $4, $59 and $129, respectively.</font></p></div> <div class="Section1"><p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">10. (Loss)/ Earnings per Unit:</font></p><p style="margin-top:6pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The Partnership calculates earnings/ (loss) per unit by allocating distributed and undistributed net income/ (losses) for each period to common and general partner units, after adjusting for the effect of preferred distributions, only to the extent that they are earned. </font></p><p style="margin-top:6pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Any undistributed earnings for the period are allocated to the various unitholders based on the distribution waterfall for cash available for distribution specified in the Limited Partnership Agreement, as generally described in Note 9 above. Where distributions relating to the period are in excess of earnings, the deficit is also allocated according to the cash distribution model. The sum of the distributed amounts and the allocation of the undistributed earnings or deficit to each class of unitholders is divided by the weighted average number of units outstanding during the period. Diluted earnings per unit, if applicable, reflects the potential dilution that could occur if potentially dilutive instruments were exercised, resulting in the issuance of additional units that would then share in the Partnership&#8217;s net earnings. The Partnership had no dilutive instruments in the years ended December 31, 2019, 2018 and 2017. </font></p><p style="margin-top:12pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'"> The calculations of the basic and diluted earnings per common unit are presented below: </font></p><div style="text-align:center"><table cellspacing="0" cellpadding="0" style="width:464.95pt; margin-right:auto; margin-left:auto; border-collapse:collapse; text-align:left"><tr><td style="width:255.8pt; padding-right:1.45pt; 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'">&#xa0;</font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="9" style="width:203.8pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; 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">Year ended December 31,</font></p></td></tr><tr style="height:14.25pt"><td style="width:255.8pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><a name="DM_MAP_7fdcfb83cbf143bba76ca8ad5a663edc"><font style="font-family:'Times New Roman'">&#xa0;</font></a></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; border-top-style:solid; border-top-width:1.5pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.3pt; border-top-style:solid; border-top-width:1.5pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; 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">2019</font></p></td><td style="width:7.7pt; padding-right:1.45pt; 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">&#xa0;</font></p></td><td style="width:12.2pt; border-top-style:solid; border-top-width:1.5pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; 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">&#xa0;</font></p></td><td style="width:46.1pt; border-top-style:solid; border-top-width:1.5pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; 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">2018</font></p></td><td style="width:9.1pt; padding-right:1.45pt; 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">&#xa0;</font></p></td><td style="width:11.75pt; border-top-style:solid; border-top-width:1.5pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; 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">&#xa0;</font></p></td><td style="width:52.7pt; border-top-style:solid; border-top-width:1.5pt; border-bottom-style:solid; border-bottom-width:1.5pt; padding-right:1.45pt; 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">2017</font></p></td><td style="width:1.4pt; border-top-style:solid; border-top-width:1.5pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; 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'">Partnership&#8217;s Net income</font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">3,613</font></p></td><td style="width:7.7pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:12.2pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:46.1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">3,613</font></p></td><td style="width:9.1pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:11.75pt; border-top-style:solid; border-top-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:52.7pt; border-top-style:solid; border-top-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">17,339</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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; font-style:italic">Less: </font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:7.7pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><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:12.2pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:46.1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:9.1pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><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:11.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:52.7pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:1.4pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; 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'">Net Income attributable to preferred unitholders</font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">11,563</font></p></td><td style="width:7.7pt; padding-right:1.45pt; 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:12.2pt; padding-right:1.45pt; 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:46.1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">7,659</font></p></td><td style="width:9.1pt; padding-right:1.45pt; 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:11.75pt; padding-right:1.45pt; 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:52.7pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">6,750</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Net Income attributable to subordinated unitholders</font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:7.7pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><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:12.2pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:46.1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:9.1pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><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:11.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:52.7pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,208</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; 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'">General Partner&#8217;s interest in Net Income</font></p></td><td style="width:1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.3pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(8)</font></p></td><td style="width:7.7pt; padding-right:1.45pt; 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:12.2pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; 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:46.1pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">(4)</font></p></td><td style="width:9.1pt; padding-right:1.45pt; 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:11.75pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; 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:52.7pt; border-bottom-style:solid; border-bottom-width:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">79</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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">Net income/(loss) attributable to common unitholders</font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(7,942)</font></p></td><td style="width:7.7pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:12.2pt; border-top-style:solid; border-top-width:1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:46.1pt; border-top-style:solid; border-top-width:1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(4,042)</font></p></td><td style="width:9.1pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><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:11.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:52.7pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">9,302</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td></tr><tr><td style="width:255.8pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; 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:1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">35,490,000</font></p></td><td style="width:7.7pt; padding-right:1.45pt; 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:12.2pt; padding-right:1.45pt; 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:46.1pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">35,490,000</font></p></td><td style="width:9.1pt; padding-right:1.45pt; 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:11.75pt; padding-right:1.45pt; 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:52.7pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">34,545,740</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr><tr style="height:14.4pt"><td style="width:255.8pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Earnings/ (Losses) per common unit, basic and diluted</font></p></td><td style="width:1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:5.95pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:45.3pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(0.22)</font></p></td><td style="width:7.7pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><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:12.2pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:46.1pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">(0.11)</font></p></td><td style="width:9.1pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:11.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:52.7pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">0.27</font></p></td><td style="width:1.4pt; padding-right:1.45pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td></tr></table></div><p style="margin-top:13.5pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:13.5pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:13.5pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">11. Interest and Finance Costs: </font></p><p style="margin-top:12pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'">The amounts in the accompanying consolidated statements of income are analyzed as follows: </font></p><table cellspacing="0" cellpadding="0" style="width:85.32%; border-collapse:collapse"><tr><td style="width:58.56%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="9" style="padding-right:1.45pt; 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">Year ended December 31,</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:58.56%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><a name="DM_MAP_b752109955e54a758dc5e8ac_1_0_7_8"><font style="font-family:'Times New Roman'">&#xa0;</font></a></p></td><td style="width:3.56%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:7.5pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:10.1%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2019</font></p></td><td style="width:0.64%; padding-right:1.45pt; 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">&#xa0;</font></p></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2018</font></p></td><td style="width:0.66%; padding-right:1.45pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td style="width:0.66%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; 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">&#xa0;</font></p></td><td colspan="3" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:9pt"><font style="font-family:'Times New Roman'; font-weight:bold">2017</font></p></td></tr><tr><td style="width:58.56%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">Interest expense (Note 5)</font></p></td><td style="width:3.56%; border-top-style:solid; border-top-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.1%; border-top-style:solid; border-top-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">46,638</font></p></td><td style="width:0.64%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.46%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">$</font></p></td><td style="width:10.2%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">46,884</font></p></td><td style="width:0.66%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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="border-top-style:solid; border-top-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:8.86%; border-top-style:solid; border-top-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">39,775</font></p></td><td style="border-top-style:solid; border-top-width:0.75pt; vertical-align:top"></td></tr><tr><td style="width:58.56%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Amortization of deferred financing fees</font></p></td><td style="width:3.56%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.1%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">3,199</font></p></td><td style="width:0.64%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.46%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.2%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">3,261</font></p></td><td style="width:0.66%; padding-right:1.45pt; 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 colspan="2" style="padding-right:1.45pt; 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:8.86%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">2,804</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:58.56%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Write-off of deferred financing fees</font></p></td><td style="width:3.56%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.1%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">7,497</font></p></td><td style="width:0.64%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.46%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.2%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:0.66%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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="padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:8.86%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">2,583</font></p></td><td style="vertical-align:top"></td></tr><tr style="height:14.65pt"><td style="width:58.56%; padding-right:1.45pt; 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'">Commitment fees (Note 5)</font></p></td><td style="width:3.56%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.1%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">791</font></p></td><td style="width:0.64%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.46%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.2%; padding-right:1.45pt; vertical-align:bottom"><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:0.66%; padding-right:1.45pt; 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 colspan="2" style="padding-right:1.45pt; 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:8.86%; padding-right:1.45pt; vertical-align:bottom"><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:58.56%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Other</font></p></td><td style="width:3.56%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.1%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">466</font></p></td><td style="width:0.64%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:3.46%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:10.2%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">345</font></p></td><td style="width:0.66%; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><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:8.86%; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:1.45pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">1,119</font></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:58.56%; padding-right:1.45pt; 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:3.56%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><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:10.1%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">58,591</font></p></td><td style="width:0.64%; padding-right:1.45pt; vertical-align:bottom"><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:3.46%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:10.2%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">50,490</font></p></td><td style="width:0.66%; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p></td><td colspan="2" style="border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">$</font></p></td><td style="width:8.86%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:double; border-bottom-width:1.5pt; padding-right:1.45pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">46,281</font></p></td><td style="vertical-align:top"></td></tr><tr style="height:0pt"><td style="width:233.8pt"></td><td style="width:14.2pt"></td><td style="width:40.35pt"></td><td style="width:2.55pt"></td><td style="width:13.8pt"></td><td style="width:40.75pt"></td><td style="width:2.65pt"></td><td style="width:2.65pt"></td><td style="width:10.7pt"></td><td style="width:35.45pt"></td><td style="width:2.4pt"></td></tr></table><p style="margin-top:12pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">12. Taxes:</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Under the laws of the countries of the </font><font style="font-family:'Times New Roman'">Partnership and its subsidiaries&#8217;</font><font style="font-family:'Times New Roman'"> incorporation and / or vessels&#8217; registration, the </font><a name="_cp_text_1_724"><font style="font-family:'Times New Roman'">Partnership and its subsidiaries</font></a><font style="font-family:'Times New Roman'"> are not subject to tax on international shipping income; however, they are subject to registration and tonnage taxes, which are included in Vessel operating expenses in the accompanying consolidated statements of income. In addition, effective January 1, 2013, each foreign flagged vessel managed in Greece by Greek or foreign ship management companies is subject to Greek tonnage tax, under the laws of the Hellenic Republic. The technical manager of the Partnership&#8217;s vessels, Dynagas Ltd., an affiliate (Note 3(a)) which is established in Greece under Greek Law 89/67 is responsible for the filing and payment of the respective tonnage tax on behalf of the Partnership. These tonnage taxes for the years ended December 31, 2019, 2018 and 2017, amounted $332, $548 and $417, respectively and are included in Vessel operating expenses in the accompanying consolidated statements of income. </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Pursuant to the Internal Revenue Code of the United States (the &#8220;Code&#8221;), U.S. source income from the international operations of ships is generally exempt from U.S. tax if the Partnership operating the ships meets both of the following requirements: (a) the Partnership is organized in a foreign country that grants an equivalent exception to corporations organized in the United States and exempts the type of income earned by the vessel owning Partnership and (b) either (i) more than 50% of the value of the Partnership&#8217;s stock is owned, directly or indirectly, by individuals who are &#8220;residents&#8221; of the Partnership&#8217;s country of organization or of another foreign country that grants an &#8220;equivalent exemption&#8221; to corporations organized in the United States (50% Ownership Test) or (ii) the Partnership&#8217;s stock is &#8220;primarily and regularly traded on an established securities market&#8221; in its country of organization, in another country that grants an &#8220;equivalent exemption&#8221; to United States corporations, or in the United States (Publicly-Traded Test). Additionally, the Partnership must meet all of the documentation requirements as outlined in the regulations. </font></p><p style="margin-top:6pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The Partnership and each of its subsidiaries expects to qualify for this statutory tax exemption for the 2019, 2018 and 2017 taxable years, and the Partnership takes this position for United States federal income tax return reporting purposes. In the absence of an exemption under Section 883, based on its U.S. source shipping income, for 2019, 2018 and 2017, the Partnership would be subject to U.S. federal income tax of approximately $29, nil and $123, respectively.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; text-decoration:underline">Vessel Owning Subsidiaries: </font></p><table cellspacing="0" cellpadding="0" style="width:98.44%; margin-right:9pt; margin-left:9pt; float:left"><tr style="height:24.2pt"><td style="width:23.24%; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Company Name</font></p></td><td style="width:22.66%; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Country of incorporation/ formation</font></p></td><td style="width:12.56%; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Vessel Name</font></p></td><td style="width:16.94%; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Delivery date from shipyard</font></p></td><td style="width:15.36%; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Delivery date to Partnership</font></p></td><td style="width:9.22%; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Cbm&#160;&#160;&#160;&#160;&#160; Capacity</font></p></td></tr><tr style="height:24.2pt"><td style="width:23.24%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Pegasus Shipholding S.A. (&#8220;Pegasus&#8221;)</font></p></td><td style="width:22.66%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:12.56%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Clean Energy</font></p></td><td style="width:16.94%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">March 2007</font></p></td><td style="width:15.36%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">May 2013 </font></p></td><td style="width:9.22%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">149,700</font></p></td></tr><tr style="height:24.2pt"><td style="width:23.24%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Lance Shipping S.A.</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Lance&#8221;)</font></p></td><td style="width:22.66%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:12.56%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Ob River</font></p></td><td style="width:16.94%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">July 2007</font></p></td><td style="width:15.36%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">May 2013</font></p></td><td style="width:9.22%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">149,700</font></p></td></tr><tr style="height:24.2pt"><td style="width:23.24%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Seacrown Maritime Ltd.</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Seacrown&#8221;)</font></p></td><td style="width:22.66%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:12.56%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Amur River</font></p></td><td style="width:16.94%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">January 2008</font></p></td><td style="width:15.36%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">May 2013</font></p></td><td style="width:9.22%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">149,700</font></p></td></tr><tr style="height:24.2pt"><td style="width:23.24%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Fareastern Shipping Limited</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Fareastern&#8221;)</font></p></td><td style="width:22.66%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Malta</font></p></td><td style="width:12.56%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Arctic Aurora</font></p></td><td style="width:16.94%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">July 2013</font></p></td><td style="width:15.36%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">June 2014</font></p></td><td style="width:9.22%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">155,000</font></p></td></tr><tr style="height:24.2pt"><td style="width:23.24%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Navajo Marine Limited</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Navajo&#8221;)</font></p></td><td style="width:22.66%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:12.56%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Yenisei River</font></p></td><td style="width:16.94%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">July 2013</font></p></td><td style="width:15.36%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">September 2014</font></p></td><td style="width:9.22%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">155,000</font></p></td></tr><tr style="height:24.2pt"><td style="width:23.24%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Solana Holding Ltd. </font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Solana&#8221;)</font></p></td><td style="width:22.66%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:12.56%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Lena River</font></p></td><td style="width:16.94%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">October 2013</font></p></td><td style="width:15.36%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">December 2015</font></p></td><td style="width:9.22%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">155,000</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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; text-decoration:underline">Non-Vessel Owning Subsidiaries: </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-indent:27pt; text-align:justify; font-size:10pt"><font style="font-family:Arial">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="width:99.96%"><tr style="height:25.2pt"><td style="width:120.5pt; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Company Name</font></p></td><td style="width:99.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Country of incorporation</font><a name="_cp_text_1_12"><font style="font-family:'Times New Roman'">/formation</font></a></p></td><td style="width:248.05pt; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Purpose of incorporation</font></p></td></tr><tr style="height:25.2pt"><td style="width:120.5pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dynagas Equity Holding Limited (&#8220;Dynagas Equity&#8221;) </font></p></td><td style="width:99.25pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:248.05pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Holding company that owns all of the outstanding share capital of Arctic LNG Carriers Ltd. (&#8220;Arctic LNG&#8221;).</font></p></td></tr><tr style="height:25.2pt"><td style="width:120.5pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dynagas Operating GP LLC</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Dynagas Operating GP&#8221;) </font></p></td><td style="width:99.25pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:248.05pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Limited Liability Company in which the Partnership holds a 100% membership interest and which has 100% of the Non-Economic General Partner Interest in Dynagas Operating LP.</font></p></td></tr><tr style="height:25.2pt"><td style="width:120.5pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dynagas Operating LP</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Dynagas Operating&#8221;)</font></p></td><td style="width:99.25pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:248.05pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Limited partnership in which the Partnership holds a 100% limited partnership interest and which owns 100% of the issued and outstanding share capital of Dynagas Equity.</font></p></td></tr><tr style="height:34.65pt"><td style="width:120.5pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dynagas Finance Inc.</font></p></td><td style="width:99.25pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:248.05pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Wholly owned subsidiary of the Partnership whose activities were limited to the co-issuance of the 2019 Notes discussed under Note 5 and engaging in other activities incidental thereto.</font></p></td></tr><tr style="height:34.65pt"><td style="width:120.5pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Arctic LNG</font></p></td><td style="width:99.25pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:248.05pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Wholly owned subsidiary of the Partnership which is directly wholly owned by Dynagas Equity and which owns all of the issued and outstanding share capital of Pegasus, Lance, Seacrown, Fareastern, Navajo, Solana and Dynagas Finance LLC. </font></p></td></tr><tr style="height:21.6pt"><td style="width:120.5pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dynagas Finance LLC</font></p></td><td style="width:99.25pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Delaware</font></p></td><td style="width:248.05pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Wholly owned subsidiary of Arctic LNG and co-borrower of the </font><a name="_cp_text_1_17"><font style="font-family:'Times New Roman'">Partnership&#8217;s </font></a><font style="font-family:'Times New Roman'">Term Loan B discussed under Note 5.</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">1. Partnership Formation and General Information: </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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Dynagas LNG Partners LP (&#8220;Dynagas Partners&#8221; or the &#8220;Partnership&#8221;) was incorporated as a limited partnership on May 30, 2013, under the laws of the Republic of the Marshall Islands. On November 18, 2013, the Partnership successfully completed its initial public offering (the &#8220;IPO&#8221;), pursuant to which, the Partnership offered and sold 8,250,000 common units to the public at $18.00 per common unit, and in connection with the closing of the IPO,&#160; the Partnership&#8217;s Sponsor, Dynagas Holding Ltd., a company beneficially wholly owned by Mr. George Prokopiou, the Partnership&#8217;s Chairman and major unitholder and certain of his close family members, offered and sold 4,250,000 common units to the public at $18.00 per common unit. In connection with the IPO, the Partnership entered into certain agreements including: (i) an omnibus agreement with the Sponsor, as amended and as currently in effect, (the &#8220;Omnibus Agreement&#8221;), which provides the Partnership the right to purchase </font><font style="font-family:'Times New Roman'">all or a portion of the ownership interests in</font><font style="font-family:'Times New Roman'"> certain identified liquefied natural gas (&#8220;LNG&#8221;) carrier vessels at a purchase price to be determined pursuant to the terms and conditions contained therein (Note 3(c)) and, (ii) a $30 million </font><a name="_cp_text_1_6"><font style="font-family:'Times New Roman'">interest free</font></a><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">revolving credit facility with its Sponsor </font><font style="font-family:'Times New Roman'">(the &#8220;$30 million Sponsor Facility&#8221;)</font><font style="font-family:'Times New Roman'"> (Note 3(b))</font><font style="font-family:'Times New Roman'">, which was extended on November 14, 2018 until November 2023, </font><font style="font-family:'Times New Roman'">to be used for general Partnership purposes. </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">As of December 31, 2018, the Partnership reported a working capital deficit of $159.8 million, resulting primarily from the maturity of its $250 Million Senior Unsecured Notes due 2019 (the &#8220;2019 Notes&#8221;) that were due on October 30, 2019. Accordingly, the Partnership had estimated that available cash and cash expected to be generated from operating activities would not be sufficient to repay the 2019 Notes when they would become due on October 30, 2019. Based on the foregoing, the Partnership reported that there was substantial doubt about it&#8217;s ability to continue as a going concern.</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">During the year ended December 31, 2019, the Partnership entered into a new 5-year syndicated $675 million senior secured term loan (the &#8220;$675 Million Credit Facility&#8221;) for an amount up to $675 million (Note 5). On September 25, 2019, the Partnership drew down the full amount under the $675 Million Credit Facility and on the same date, the Partnership used $470.4 million to repay the outstanding indebtedness under the $480.0 million senior secured term loan (the &#8220;Term Loan B&#8221;). The remaining amount together with cash on hand was used to repay the $250.0 million aggregate principal amount of its 2019 Notes at their maturity on October 30, 2019.&#160; </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Although the Partnership&#8217;s liquidity is unpredictable since it is dependent on numerous factors that are outside of the Partnership&#8217;s control, certain Partnership expenditures and revenues may be estimated. Such Partnership expenditures and revenues include (i) the scheduled repayment of principal and interest on the Partnership&#8217;s debt, (ii) the payment of distributions on the Partnership&#8217;s preferred units, when, as and if declared in the sole discretion of its&#8217; Board of Directors, (iii) the payment of expected capital expenditures and working capital, (iv) the maintenance of cash reserves to satisfy the liquidity covenant contained in the new 5-year syndicated $675 million senior secured term loan (Note 5)and (v) the Partnership revenues contracted to be earned under long-term charter agreements. </font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Further to the above, the Partnership estimates that available cash and cash expected to be generated from operating activities will be sufficient to pay its current liabilities in the twelve-month period ending one year after the issuance of the consolidated financial statements and, accordingly, there is no substantial doubt about the Partnership&#8217;s ability to continue as a going concern.</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The Partnership is engaged in the seaborne transportation industry through the ownership and operation of high specification LNG vessels and is the sole owner (directly or indirectly) of all outstanding shares or units of the following subsidiaries as of December 31, 2019:</font></p><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><a name="DM_MAP_d13c42c9ee4d4cf08a4944a3759e20c5"><font style="font-family:'Times New Roman'; text-decoration:underline">Vessel Owning Subsidiaries: </font></a></p><table cellspacing="0" cellpadding="0" style="width:98.44%; margin-right:9pt; margin-left:9pt; float:left"><tr style="height:24.2pt"><td style="width:23.24%; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Company Name</font></p></td><td style="width:22.66%; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Country of incorporation/ formation</font></p></td><td style="width:12.56%; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Vessel Name</font></p></td><td style="width:16.94%; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Delivery date from shipyard</font></p></td><td style="width:15.36%; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Delivery date to Partnership</font></p></td><td style="width:9.22%; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Cbm&#160;&#160;&#160;&#160;&#160; Capacity</font></p></td></tr><tr style="height:24.2pt"><td style="width:23.24%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Pegasus Shipholding S.A. (&#8220;Pegasus&#8221;)</font></p></td><td style="width:22.66%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:12.56%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Clean Energy</font></p></td><td style="width:16.94%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">March 2007</font></p></td><td style="width:15.36%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">May 2013 </font></p></td><td style="width:9.22%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">149,700</font></p></td></tr><tr style="height:24.2pt"><td style="width:23.24%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Lance Shipping S.A.</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Lance&#8221;)</font></p></td><td style="width:22.66%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:12.56%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Ob River</font></p></td><td style="width:16.94%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">July 2007</font></p></td><td style="width:15.36%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">May 2013</font></p></td><td style="width:9.22%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">149,700</font></p></td></tr><tr style="height:24.2pt"><td style="width:23.24%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Seacrown Maritime Ltd.</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Seacrown&#8221;)</font></p></td><td style="width:22.66%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:12.56%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Amur River</font></p></td><td style="width:16.94%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">January 2008</font></p></td><td style="width:15.36%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">May 2013</font></p></td><td style="width:9.22%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">149,700</font></p></td></tr><tr style="height:24.2pt"><td style="width:23.24%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Fareastern Shipping Limited</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Fareastern&#8221;)</font></p></td><td style="width:22.66%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Malta</font></p></td><td style="width:12.56%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Arctic Aurora</font></p></td><td style="width:16.94%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">July 2013</font></p></td><td style="width:15.36%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">June 2014</font></p></td><td style="width:9.22%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">155,000</font></p></td></tr><tr style="height:24.2pt"><td style="width:23.24%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Navajo Marine Limited</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Navajo&#8221;)</font></p></td><td style="width:22.66%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:12.56%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Yenisei River</font></p></td><td style="width:16.94%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">July 2013</font></p></td><td style="width:15.36%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">September 2014</font></p></td><td style="width:9.22%; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">155,000</font></p></td></tr><tr style="height:24.2pt"><td style="width:23.24%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Solana Holding Ltd. </font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Solana&#8221;)</font></p></td><td style="width:22.66%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:12.56%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Lena River</font></p></td><td style="width:16.94%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">October 2013</font></p></td><td style="width:15.36%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">December 2015</font></p></td><td style="width:9.22%; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">155,000</font></p></td></tr></table><p style="margin-top:0pt; 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; text-align:justify; font-size:10pt"><a name="DM_MAP_3a35f857d72f408898fae05bc1641491"><font style="font-family:'Times New Roman'; text-decoration:underline">Non-Vessel Owning Subsidiaries: </font></a></p><p style="margin-top:0pt; margin-bottom:0pt; text-indent:27pt; text-align:justify; font-size:10pt"><font style="font-family:Arial">&#xa0;</font></p><table cellspacing="0" cellpadding="0" style="width:99.96%"><tr style="height:25.2pt"><td style="width:120.5pt; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Company Name</font></p></td><td style="width:99.25pt; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Country of incorporation</font><a name="_cp_text_1_12"><font style="font-family:'Times New Roman'">/formation</font></a></p></td><td style="width:248.05pt; border-bottom-style:solid; border-bottom-width:0.75pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Purpose of incorporation</font></p></td></tr><tr style="height:25.2pt"><td style="width:120.5pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dynagas Equity Holding Limited (&#8220;Dynagas Equity&#8221;) </font></p></td><td style="width:99.25pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:248.05pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Holding company that owns all of the outstanding share capital of Arctic LNG Carriers Ltd. (&#8220;Arctic LNG&#8221;).</font></p></td></tr><tr style="height:25.2pt"><td style="width:120.5pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dynagas Operating GP LLC</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Dynagas Operating GP&#8221;) </font></p></td><td style="width:99.25pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:248.05pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Limited Liability Company in which the Partnership holds a 100% membership interest and which has 100% of the Non-Economic General Partner Interest in Dynagas Operating LP.</font></p></td></tr><tr style="height:25.2pt"><td style="width:120.5pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dynagas Operating LP</font></p><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">(&#8220;Dynagas Operating&#8221;)</font></p></td><td style="width:99.25pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:248.05pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Limited partnership in which the Partnership holds a 100% limited partnership interest and which owns 100% of the issued and outstanding share capital of Dynagas Equity.</font></p></td></tr><tr style="height:34.65pt"><td style="width:120.5pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dynagas Finance Inc.</font></p></td><td style="width:99.25pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:248.05pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Wholly owned subsidiary of the Partnership whose activities were limited to the co-issuance of the 2019 Notes discussed under Note 5 and engaging in other activities incidental thereto.</font></p></td></tr><tr style="height:34.65pt"><td style="width:120.5pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Arctic LNG</font></p></td><td style="width:99.25pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Marshall Islands</font></p></td><td style="width:248.05pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Wholly owned subsidiary of the Partnership which is directly wholly owned by Dynagas Equity and which owns all of the issued and outstanding share capital of Pegasus, Lance, Seacrown, Fareastern, Navajo, Solana and Dynagas Finance LLC. </font></p></td></tr><tr style="height:21.6pt"><td style="width:120.5pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Dynagas Finance LLC</font></p></td><td style="width:99.25pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">Delaware</font></p></td><td style="width:248.05pt; vertical-align:top"><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">Wholly owned subsidiary of Arctic LNG and co-borrower of the </font><a name="_cp_text_1_17"><font style="font-family:'Times New Roman'">Partnership&#8217;s </font></a><font style="font-family:'Times New Roman'">Term Loan B discussed under Note 5.</font></p></td></tr></table><p style="margin-top:9pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Since the Partnership&#8217;s inception, the technical, administrative and commercial management of the Partnership&#8217;s fleet is performed by Dynagas Ltd. (&#8220;Dynagas&#8221; or the &#8220;Manager&#8221;), a related company, wholly owned by the Partnership&#8217;s Chairman (Note 3(a)). </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">As of December 31, 2019, the Partnership&#8217;s Sponsor owned 44.0% of the outstanding equity interests in the Partnership (excluding the Series A Preferred Units and the Series B Preferred Units, both of which, generally, have no voting rights), including the 0.1% general partner interest retained by it, as the General Partner, through Dynagas GP LLC, which is owned and controlled by the Sponsor.&#160; </font></p></div> <div class="Section1"><table cellspacing="0" cellpadding="0" style="width:65.26%; border-collapse:collapse"><tr style="height:21.1pt"><td style="width:31.64%; padding-right:0.7pt; 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">Charterer</font></p></td><td style="width:4.96%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2019</font></p></td><td style="width:8.74%; padding-right:0.7pt; 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></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2018</font></p></td><td style="width:9%; padding-right:0.7pt; 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></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2017</font></p></td></tr><tr style="height:13.5pt"><td style="width:31.64%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">A</font></p></td><td style="width:4.96%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.48%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47</font></p></td><td style="width:4.92%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:8.74%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.3%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">69</font></p></td><td style="width:4.88%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.2%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">72</font></p></td><td style="width:5.86%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">%</font></p></td></tr><tr style="height:10.8pt"><td style="width:31.64%; padding-right:0.7pt; 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'">B</font></p></td><td style="width:4.96%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.48%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">31</font></p></td><td style="width:4.92%; padding-right:0.7pt; vertical-align:bottom"><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:8.74%; padding-right:0.7pt; 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:10.3%; padding-right:0.7pt; vertical-align:bottom"><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:4.88%; padding-right:0.7pt; vertical-align:bottom"><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:9%; padding-right:0.7pt; 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:10.2%; padding-right:0.7pt; vertical-align:bottom"><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:5.86%; padding-right:0.7pt; vertical-align:top"><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></tr><tr style="height:10.8pt"><td style="width:31.64%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">C</font></p></td><td style="width:4.96%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.48%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">16</font></p></td><td style="width:4.92%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:8.74%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">18</font></p></td><td style="width:4.88%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.2%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">19</font></p></td><td style="width:5.86%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">%</font></p></td></tr><tr style="height:13.5pt"><td style="width:31.64%; padding-right:0.7pt; vertical-align:top; background-color:#ffffff"><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:4.96%; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.48%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">94</font></p></td><td style="width:4.92%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><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:8.74%; padding-right:0.7pt; vertical-align:top; background-color:#ffffff"><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:10.3%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">87</font></p></td><td style="width:4.88%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><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:9%; padding-right:0.7pt; vertical-align:top; background-color:#ffffff"><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:10.2%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">91</font></p></td><td style="width:5.86%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">%</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:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">(a)</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">Principles of Consolidation: </font><font style="font-family:'Times New Roman'; font-size:10pt">The accompanying consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles in the United States of America (&#8220;U.S. GAAP&#8221;). The consolidated financial statements include the accounts of Dynagas Partners and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. Dynagas Partners, as the holding company, determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity. Under Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standard Codification (&#8220;ASC&#8221;) 810 &#8220;Consolidation&#8221;, a voting interest entity is an entity in which the total equity investment at risk is deemed sufficient to absorb the expected losses of the entity, the equity holders have all the characteristics of a controlling financial interest and the legal entity is structured with substantive voting rights.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#160;</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The holding company consolidates voting interest entities in which it owns all, or at least a majority (generally, greater than 50%) of the voting interest. Variable interest entities (&#8220;VIE&#8221;) are entities, as defined under ASC 810, that in general either have equity investors with non-substantive voting rights or that have equity investors that do not provide sufficient financial resources for the entity to support its activities. The holding company has a controlling financial interest in a VIE and is, therefore, the primary beneficiary of a VIE if it has the power to direct the activities of a VIE that most significantly impact the VIE&#8217;s economic performance and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. A VIE should have only one primary beneficiary which is required to consolidate the VIE. A VIE may not have a primary beneficiary if no party meets the criteria described above. The Partnership evaluates all arrangements that may include a variable interest in an entity to determine if it is the primary beneficiary, and would therefore be required to include assets, liabilities and operations of a VIE in its consolidated financial statements. As of the years ended December 31, 2019, 2018 and 2017, no such interests existed.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic"> </font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(c) Other Comprehensive Income: </font><font style="font-family:'Times New Roman'">The Partnership follows the provisions of ASC 220, &#8220;Comprehensive Income&#8221;, which requires separate presentation of certain transactions which are recorded directly as components of equity. The Partnership has no such transactions which affect other comprehensive income and accordingly, for the years ended December 31, 2019, 2018 and 2017, comprehensive income equaled net income.</font><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic"> </font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(d) Foreign Currency Translation: </font><font style="font-family:'Times New Roman'">The functional currency of the Partnership is the U.S. Dollar because the Partnership&#8217;s vessels operate in international shipping markets and therefore, the Partnership primarily transacts business in U.S. Dollars. The Partnership&#8217;s books of accounts 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 such transactions. At the balance sheet date, monetary assets and liabilities, which are denominated in other currencies, are translated into U.S. Dollars using the balance sheet date exchange rates. Resulting gains or losses are included in &#8220;Other, net&#8221; in the accompanying consolidated statements of income.</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; 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 with an original maturity of three months or less, to be cash equivalents.</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; 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'">Restricted cash may comprise of (i) minimum liquidity collateral requirements or minimum required cash deposits that are required to be maintained under the Partnership&#8217;s financing arrangements, (ii) cash deposits in so-called &#8220;retention accounts&#8221; which may only be used as per the Partnership&#8217;s borrowing arrangements for the purpose of serving the loan installments coming due or, (iii) other cash deposits required to be retained until other specified conditions prescribed in the Partnership&#8217;s debt agreements are met. In the event that the obligation to maintain such deposits is expected to elapse within the next operating cycle, these deposits are classified as current assets. Otherwise, they are classified as non-current assets.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; 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 at each balance sheet date, includes accounts receivable from charterers, net of any provision for doubtful accounts. At each balance sheet date, all potentially uncollectible accounts are assessed individually for purposes of determining the appropriate provision for doubtful accounts primarily based on the aging of such balances and any amounts in dispute. Provision for doubtful accounts as of December 31, 2019 and 2018, was nil.</font></p><p style="margin-top:0pt; 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:0pt; margin-bottom:0pt; text-align:justify; 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 lubricants which are stated at the lower of cost or net realizable value, following the adoption of ASU 2015-11, &#8220;Simplifying the Measurement of Inventory&#8221;. Cost is determined by the first in, first out method. Inventories may also consist of bunkers during periods when vessels are unemployed or under voyage charters and spares in warehouses, in which case, they are also stated at the lower of cost or net realizable value and cost is still determined by the first in, first out method. When evidence exists that the net realizable value of inventory is lower than its cost, the difference is recognized as a loss in earnings in the period in which it occurs.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(i) Insurance Claims: </font><font style="font-family:'Times New Roman'">The Partnership records insurance claim recoveries for insured losses incurred on damage to fixed assets, loss of hire and for insured crew medical expenses. Insurance claim recoveries are recorded, net of any deductible amounts, at the time when (i) the Partnership&#8217;s vessels suffer insured damages or at the time when crew medical expenses are incurred, (ii) recovery is probable under the related insurance policies, (iii) the Partnership can estimate the amount of such recovery following submission of the insurance claim and (iv) provided that the claim is not subject to litigation.</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(j) Vessels, Net: </font><font style="font-family:'Times New Roman'">Vessels are stated at cost, which consists of the contract price and any material expenses incurred upon delivery (initial repairs, improvements and delivery expenses, capitalized interest and on-site supervision costs incurred during the construction periods). Subsequent expenditures for conversions and major improvements are also capitalized when such expenditures appreciably extend the life, increase the earning capacity or improve the efficiency or safety of the vessels; otherwise these amounts are charged to expense as incurred. The cost of each of the Partnership&#8217;s vessels is depreciated beginning from the time when the vessel is ready for her intended use, on a straight-line basis</font><font style="font-family:'Times New Roman'">, to the time that the vessel reaches the end of its</font><font style="font-family:'Times New Roman'"> economic useful life, after considering the estimated residual value of the vessel which is based on its lightweight tonnage times an estimated scrap rate. Following a reassessment of the scrap rates effective from October 1, 2019, the Partnership reduced the average scrap rate estimate from $0.685 per lightweight ton per LNG carrier to $0.500 per lightweight ton per LNG carrier. This change in accounting estimate which did not require retrospective adoption as per ASC 250 &quot;Accounting Changes and Error Corrections,&quot; results in additional future annual depreciation of $1.4 million. For the fiscal year 2019, the effect of the change in the estimate on net income and loss per share were a decrease by $0.3 million and an increase by $0.01 respectively. Management estimates that the useful life of each of the Partnership&#8217;s vessels to be 35 years from the date of initial delivery from the shipyard. Secondhand vessels are depreciated from the date of their acquisition through their remaining estimated useful life. When regulations place limitations on the ability of a vessel to trade on a worldwide basis, such vessel&#8217;s remaining useful life is adjusted as of the date such regulations are adopted.</font></p><p style="margin-top:0pt; 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:0pt; margin-bottom:0pt; text-align:justify; 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'">The Partnership follows ASC 360-10-40 &#8220;Impairment or Disposals of Long-Lived Assets&#8221;, which addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The standard requires that long-lived assets held and used by an entity be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. When the estimate of undiscounted projected operating cash flows, excluding interest charges, expected to be generated by the use of the asset is less than its carrying amount, the asset is evaluated for an impairment loss. Measurement of the impairment loss is based on the fair value of the asset. The Partnership reviews its long-lived assets for impairment whenever events or changes in circumstances, such as business plans to dispose a vessel earlier than the end of its useful life and prevailing market conditions, indicate that the carrying amount of the assets may not be recoverable. When such indications are present, the Partnership determines undiscounted projected net operating cash flows for each vessel and compares the result to the vessel&#8217;s carrying value. The fair values of the assets are determined through Level 2 inputs of the fair value hierarchy as defined in ASC 820, &#8220;Fair value measurements and disclosures&#8221; based on management&#8217;s estimates, assumptions, use of available market data, use of third party valuations and other market observable data. In developing estimates of future cash flows, the Partnership must make assumptions about future charter rates, vessel operating expenses, fleet utilization and the estimated remaining useful life of the vessels. These assumptions are based on historical trends as well as future expectations. </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">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The projected net operating cash flows are determined by considering the charter revenues from existing time charters for the fixed fleet days and by estimating charter rates for the unfixed days. Expected outflows for scheduled vessel maintenance and vessel operating expenses are based on the Partnership&#8217;s budget by using historical data, which is adjusted annually with the assumption of the average annual inflation rate prevailing at the time of the impairment test. </font><font style="font-family:'Times New Roman'">In developing the estimate for</font><font style="font-family:'Times New Roman'"> the effective fleet utilization, the Partnership takes into account the period(s) each vessel is expected to undergo her scheduled maintenance (dry-docking and special surveys) and each vessel&#8217;s loss of hire resulting from repositioning or other conditions. </font><font style="font-family:'Times New Roman'">In developing estimates</font><font style="font-family:'Times New Roman'"> for the remaining estimated useful lives of the current fleet and scrap values, </font><font style="font-family:'Times New Roman'">the Partnership utilizes methods, which</font><font style="font-family:'Times New Roman'"> are identical to those employed as part of the Partnership&#8217;s depreciation policy. As and for each of the years ended December 31, 2019, 2018 and 2017, the Partnership incurred no impairment loss.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(l) Intangible Assets/Liabilities Related to Time Charters Acquired: </font><font style="font-family:'Times New Roman'">When and where the Partnership identifies any assets or liabilities associated with the acquisition of a vessel, the Partnership records all such identified assets or liabilities at fair value. Fair value is determined by reference to market data. </font><a name="_cp_text_1_179"><font style="font-family:'Times New Roman'">In connection with the acquisition of a vessel, the</font></a><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">Partnership </font><a name="_cp_text_1_181"><font style="font-family:'Times New Roman'">determines the fair value of</font></a><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">any asset or liability acquired based on the market value of the time charters assumed when a vessel is acquired. The amount to be recorded either as an asset or a liability on the date the vessel is acquired, is determined by comparing the charter rate in the existing time charter agreement of the acquired vessel with the market rates for equivalent time charter agreements prevailing at the time the vessel is acquired.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">When the present value of the time charter assumed is greater than the current fair value of such charter, the difference is recorded as an asset. </font><font style="font-family:'Times New Roman'">When the present value of the existing time charter assumed is less than the current fair value of such charter</font><font style="font-family:'Times New Roman'">, the difference is recorded as liability. Assets and liabilities are amortized as adjustments to revenues over the remaining term of the assumed time charter and are classified as non-current assets or liabilities, as applicable, in the accompanying consolidated balance sheets. Impairment testing is performed when events or changes in circumstances indicate that the carrying amount of the intangible asset may not be recoverable.</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(m) Accounting for Special Survey and Dry-Docking Costs: </font><font style="font-family:'Times New Roman'">The Partnership follows the direct expense method of accounting for dry-docking and special survey costs, in which case, such costs are expensed in the period incurred. The vessels undergo dry-dock or special survey approximately every five years during the first fifteen years of their life and, subsequently, every two and a half years to the end of their useful life. Costs relating to routine repairs and maintenance are also expensed in the period they are incurred.</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(n) Financing Costs: </font><font style="font-family:'Times New Roman'">In accordance with ASU 2015-03, &#8220;Interest &#8211; Imputation of Interest&#8221;, costs associated with long-term debt, including but not limited to, fees paid to lenders, fees required to be paid to third parties on the lender&#8217;s behalf in connection with debt financing or refinancing, or any unamortized portion thereof, are presented by the Partnership as a reduction of long-term debt. Such fees are deferred and amortized to interest and finance costs during the life of the related debt instrument using the effective interest method. Unamortized fees relating to loans repaid or refinanced as debt extinguishments and loan commitment fees are expensed as interest and finance costs in the period incurred in the accompanying consolidated statements of income. Any unamortized balance of costs relating to refinanced long-term debt is deferred and amortized over the term of the credit facility in the period that such refinancing occurs, subject to the provisions of the accounting guidance with respect to &#8220;Debt &#8211; Modifications and Extinguishments&#8221;. </font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(o) Concentration of Credit Risk: </font><font style="font-family:'Times New Roman'">Financial instruments, which may potentially subject the Partnership to significant concentrations of credit risk, consist principally of cash and cash equivalents and trade accounts receivable. The maximum exposure to loss due to credit risk is the book value at the balance sheet date. The Partnership places its cash and cash equivalents, consisting mostly of deposits, with high credit qualified financial institutions. The Partnership performs periodic evaluations of the relative credit standing of those financial institutions. The Partnership limits its credit risk with trade accounts receivable by performing ongoing credit evaluations of each of its charterer&#8217;s financial condition and generally does not require collateral for its trade accounts receivable.</font></p><p style="margin-top:12pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">During the years ended December 31, 2019, 2018 and 2017, charterers that individually accounted for more than 10% of the Partnership&#8217;s revenues were as follows: </font></p><table cellspacing="0" cellpadding="0" style="width:65.26%; border-collapse:collapse"><tr style="height:21.1pt"><td style="width:31.64%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><a name="DM_MAP_589e02ed09f94c8bae99113e4c4ca447"><font style="font-family:'Times New Roman'; font-weight:bold">Charterer</font></a></p></td><td style="width:4.96%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2019</font></p></td><td style="width:8.74%; padding-right:0.7pt; 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></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2018</font></p></td><td style="width:9%; padding-right:0.7pt; 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></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2017</font></p></td></tr><tr style="height:13.5pt"><td style="width:31.64%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">A</font></p></td><td style="width:4.96%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.48%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47</font></p></td><td style="width:4.92%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:8.74%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.3%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">69</font></p></td><td style="width:4.88%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.2%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">72</font></p></td><td style="width:5.86%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">%</font></p></td></tr><tr style="height:10.8pt"><td style="width:31.64%; padding-right:0.7pt; 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'">B</font></p></td><td style="width:4.96%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.48%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">31</font></p></td><td style="width:4.92%; padding-right:0.7pt; vertical-align:bottom"><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:8.74%; padding-right:0.7pt; 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:10.3%; padding-right:0.7pt; vertical-align:bottom"><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:4.88%; padding-right:0.7pt; vertical-align:bottom"><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:9%; padding-right:0.7pt; 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:10.2%; padding-right:0.7pt; vertical-align:bottom"><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:5.86%; padding-right:0.7pt; vertical-align:top"><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></tr><tr style="height:10.8pt"><td style="width:31.64%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">C</font></p></td><td style="width:4.96%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.48%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">16</font></p></td><td style="width:4.92%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:8.74%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">18</font></p></td><td style="width:4.88%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.2%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">19</font></p></td><td style="width:5.86%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">%</font></p></td></tr><tr style="height:13.5pt"><td style="width:31.64%; padding-right:0.7pt; vertical-align:top; background-color:#ffffff"><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:4.96%; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.48%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">94</font></p></td><td style="width:4.92%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><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:8.74%; padding-right:0.7pt; vertical-align:top; background-color:#ffffff"><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:10.3%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">87</font></p></td><td style="width:4.88%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><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:9%; padding-right:0.7pt; vertical-align:top; background-color:#ffffff"><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:10.2%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">91</font></p></td><td style="width:5.86%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">%</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><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">(p) Accounting for Revenues and Related Expenses:</font><font style="font-family:'Times New Roman'"> The Partnership generates its revenues from charterers under time charter agreements, which contain a lease as they meet the criteria of a lease under ASC 842 or ASC 840 under transition accounting. In particular, under ASC 842, the Partnership elected certain practical expedients, which allowed the Partnership&#8217;s existing lease arrangements, in which it was a lessor, classified as operating leases under ASC 840 to continue to be classified as operating leases under ASC 842. Leases, which commenced on or after January 1, 2018, were classified as operating leases under ASC 842. The Partnership&#8217;s vessels are each employed under a time charter agreement, where a contract is entered into with a charterer for the charterer&#8217;s use of a vessel for a specific period of time and at a specified daily charter hire rate. If a time charter agreement exists and collection of the related revenue is reasonably assured, revenue is recognized, as it is earned ratably over the duration of the period of the time charter. Revenues from time chartering of vessels are accounted for as operating leases. The Partnership early adopted ASC 842 as of September 30, 2018, with adoption reflected as of January 1, 2018, the beginning of the annual period in accordance with ASC 250. The Partnership has determined that the non-lease components in its time charter contracts relate to services for the operation of the vessel, which include crew, technical, safety, commercial services, among others. The Partnership has elected to account for the lease and non-lease component of time charter agreements as a combined component in its consolidated financial statements, having taken into account that the non-lease components would be accounted for ratably on a straight-line basis over the duration of the time charter and that the lease component is considered as the predominant component. The Partnership qualitatively assessed that more value is ascribed to the vessel rather than to the services provided under the time charter agreements. Such revenues are recognized on a straight line basis at the average minimum lease revenue over the rental periods of such charter agreements, as service is performed. </font></p><p style="margin-top:0pt; margin-left:36pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Revenue generated from variable lease payments is recognized in the period when changes in facts and circumstances on which the variable lease payments are based occur. The residual or excess amounts from actually collected hire based on the time charter agreement for each period, if any, is classified as deferred or prepaid revenue in the accompanying consolidated balance sheets. Unearned revenue includes cash received prior to the balance sheet date for which all criteria to recognize as revenue have not yet been met as at the balance sheet date and, accordingly, is related to revenue earned after such date.</font><font> </font><font style="font-family:'Times New Roman'">Apart from the agreed hire rate, the owner may be entitled to an additional income, such as ballast bonus, which is considered as reimbursement of owner&#8217;s expenses and is recognized together with the lease component over the duration of the charter. The Partnership has made an accounting policy election to recognize the related</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">ballast costs, mainly consisting of bunkers, incurred over the period between the charter party date or the prior redelivery date (whichever is latest) and the delivery date to the charterer, as contract fulfilment costs in accordance with ASC 340-40 and amortized over the charter period. During the year ended December 31, 2019, the amortization of the contract fulfilment costs was $0.2 million. Voyage expenses, primarily consist of commissions, which are paid by the Partnership as well as port, canal and bunker expenses that are unique to a particular charter and which are paid by the charterer under the time charter arrangements or by the Partnership during periods of off-hire. All voyage expenses are expensed as incurred, except for commissions. Commissions paid to brokers are deferred and amortized over the related charter period to the extent revenue has been deferred since commissions are earned as the Partnership&#8217;s revenues are earned.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">(q)</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">Repairs and Maintenance</font><font style="font-family:'Times New Roman'; font-size:10pt">: All repair and maintenance expenses including underwater inspection costs are expensed in the period incurred. Such costs are included in vessel operating expenses in the accompanying consolidated statements of income. </font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:1pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">(r)</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">Earnings/ (Loss) Per Unit</font><font style="font-family:'Times New Roman'; font-size:10pt">: As of December 31, 2019, the Partnership&#8217;s capital structure consisted of common units, two separate classes of preferred units and a general partner interest. The incentive distribution rights are a separate class of non-voting interests that are currently held by the Partnership&#8217;s General Partner but, subject to certain restrictions, may be transferred or sold apart from the General Partner&#8217;s interest. The Partnership calculates basic earnings/ (loss) per each class of units by allocating period distributed and undistributed earnings/ (losses) to the General Partner, limited partners and incentive distribution rights holders using the two-class method and in accordance with the Partnership&#8217;s </font><a name="_cp_text_1_276"><font style="font-family:'Times New Roman'; font-size:10pt">Fourth Amended and Restated Limited Partnership Agreement dated October 23, 2018 (the &#8220;Limited Partnership Agreement&#8221;)</font></a><font style="font-family:'Times New Roman'; font-size:10pt">. </font><font style="font-family:'Times New Roman'; font-size:10pt">Basic earnings/ (losses) per common unit are computed by allocating distributed and undistributed net income/ (losses) available to common unitholders, after subtracting the interest on the Partnership&#8217;s net income/ (loss) of all classes of preferred unitholders, subordinated unitholders (up to January 23, 2017 or the &#8220;Sponsor Subordinated Units Conversion Date&#8221;, see Note 9) and the General Partner by the weighted average number of common units outstanding during the year. Any undistributed earnings for the period are allocated to the various unitholders based on the distribution waterfall for cash available for distribution specified in the Limited Partnership Agreement. Where distributions relating to the period are in excess of earnings, the surplus is also allocated according to the cash distribution model. Diluted earnings per common unit reflect the potential dilution that could occur if securities or other contracts to issue units were exercised, if any. The Partnership had no dilutive securities outstanding during the three-year period ended December 31, 2019. </font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:14pt; font-size:12pt"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">(s)</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">Segment Reporting:</font><font style="font-family:'Times New Roman'; font-size:10pt"> The Partnership operates under one reportable segment relating to its operations as it operates solely LNG vessels. The Partnership reports financial information and evaluates its operations and operating results by the type of vessel and not by the length or type of vessel employment for its customers i.e. time charters. The Partnership&#8217;s management does not use discrete financial information to evaluate operating results for each type of charter. Although revenue can be identified by charter type, management cannot and does not identify expenses, profitability or other financial information in such a manner. When the Partnership charters a vessel to a charterer, the charterer is free to trade the vessel worldwide. As a result, the disclosure of geographic information is impracticable.</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(t) Fair Value Measurements:</font><font style="font-family:'Times New Roman'"> The Partnership follows ASC 820, &#8220;Fair Value Measurements and Disclosures&#8221;, which defines and provides guidance for the measurement of fair value. This guidance creates a fair value hierarchy of measurement and indicates that, when possible, fair value is the price that would be received in the sale of an asset or the price that would be paid in the transfer of a liability in an orderly transaction between market participants in the market in which the reporting entity transacts. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable data that are not corroborated by market data (Level 3). For example, the reporting entity&#8217;s own data </font><font style="font-family:'Times New Roman'">has a Level 3 priority because it is not or not yet observable or corroborated by market</font><font style="font-family:'Times New Roman'"> data. Observable market based inputs or unobservable inputs that are corroborated by market data are classified under Level 2 of the fair value hierarchy. Under the standard, fair value measurements would be separately disclosed by level within the fair value hierarchy. ASC 820 applies when assets or liabilities in the consolidated financial statements are to be measured at fair value, but does not require additional use of fair value beyond the requirements in other accounting principles. </font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(u) Commitments and Contingencies:</font><font style="font-family:'Times New Roman'"> Commitments are recognized when the Partnership has a present legal or constructive obligation as a result of past events and it is probable that an outflow of resources embodying economic benefits will likely be required to satisfy such obligation and a reliable estimate of the amount of such obligation can be made. Provisions are reviewed at each balance sheet date and adjusted to reflect the present value of the expenditure expected to be required to settle the obligation. Contingent liabilities are not recognized in the consolidated financial statements but are disclosed unless there is a remote possibility of an outflow of resources embodying economic benefits. Contingent assets are not recognized in the consolidated financial statements but are disclosed when an inflow of economic benefits is probable (Note 8).</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(v) Accounting for Financial Instruments: </font><font style="font-family:'Times New Roman'">The principal financial assets of the Partnership consist of cash and cash equivalents, restricted cash, amounts due from related parties and trade accounts receivable. The principal financial liabilities of the Partnership consist of trade and other accounts payable, accrued liabilities, long-term debt and amounts due to related parties. The Partnership may also consider, from time to time, entering into interest rate swap agreements to manage its exposure to fluctuations of interest rate risk associated with its borrowings. Derivative financial instruments are generally used to manage risk related to fluctuations of interest rates. ASC 815, &#8220;Derivatives and Hedging&#8221;, requires all derivative contracts to be recorded at fair value, as determined in accordance with ASC 820, Fair Value Measurements and Disclosures (Note 6). The changes in fair value of a derivative contract are recognized in earnings unless specific hedging criteria are met. At the inception of a hedge relationship, the Partnership formally designates and documents the hedge relationship with respect to hedge accounting, the risk management objective and the strategy undertaken for the hedge. The documentation includes identification of the hedging instrument, hedged item or transaction, the nature of the risk being hedged and how the entity will assess the hedging instrument&#8217;s effectiveness in offsetting exposure to changes in the hedged item&#8217;s cash flows attributable to the hedged risk. A cash flow hedge is the mitigation of risk exposure resulting from variability in cash flows attributable to a particular risk associated with a recognized asset or liability or a highly probable forecasted transaction that could affect profit or loss. Such hedges are expected to be highly effective in achieving offsetting changes in cash flows and are assessed on an ongoing basis to determine whether they actually have been highly effective throughout the financial reporting periods for which they were designated. All derivatives are recorded on the balance sheet as assets or liabilities and measured at fair value. For derivatives designated as cash flow hedges, the effective portion of the changes in fair value of the derivatives is recorded in &#8220;Accumulated Other Comprehensive Income/ (Loss)&#8221; and subsequently recognized in earnings when the hedged items impact earnings. </font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(w) Going concern:</font><font style="font-family:'Times New Roman'; font-style:italic; background-color:#ffffff">&#xa0;</font><font style="font-family:'Times New Roman'">The Partnership&#8217;s policy is in accordance with ASU No. 2014-15, &quot;Presentation of Financial Statements - Going Concern&quot;, issued in August 2014 by the FASB. ASU 2014-15 provides U.S. GAAP guidance on management&#8217;s responsibility in evaluating whether there is substantial doubt about a entity&#8217;s ability to continue as a going concern and on related required footnote disclosures. For each reporting period, management is required to evaluate whether there are conditions or events that raise substantial doubt about a company&#8217;s ability to continue as a going concern within one year from the date the consolidated financial statements are issued.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">Recent Accounting Pronouncements Not Yet Adopted </font></p><p style="margin-top:0pt; margin-left:34pt; margin-bottom:0pt; text-align:justify; 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:justify; font-size:10pt"><font style="font-family:'Times New Roman'; color:#29292a">i) In June 2016, the FASB issued ASU 2016-13- Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 amended guidance on reporting credit losses for assets held at amortized cost basis and available for sale debt securities.&#160; For public entities, the amendments of this Update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years.&#160; Early application is permitted. Furthermore, in November 2018, the FASB issued ASU 2018-19, &#8220;Codification Improvements to Topic 326, Financial Instruments&#8212;Credit Losses&#8221;. The amendments clarify that receivables arising from operating leases are not within the scope of Subtopic 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with Topic 842, Leases. In addition, in April 2019, the FASB issued ASU 2019-04, &#8220;Codification Improvements to Topic 326, Financial Instruments&#8212;Credit Losses, Financial Instruments&#8212;Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825 Financial Instruments&#8221;, the amendments of which clarify the modification of accounting for available for sale debt securities excluding applicable accrued interest, which must be individually assessed for credit losses when fair value is less than the amortized cost basis. In May 2019, the FASB issued ASU 2019-05, &#8220;Codification Improvements to Topic 326, Financial Instruments&#8212;Credit Losses, Financial Instruments&#8212;Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825 Financial Instruments&#8221;, the amendments of which provide entities that have certain instruments within the scope of Subtopic 326-20, Financial Instruments&#8212;Credit Losses&#8212;Measured at Amortized Cost, with an option to irrevocably elect the fair value option in Subtopic 825-10, Financial Instruments&#8212;Overall, applied on an instrument-by-instrument basis for eligible instruments, upon adoption of Topic 326. The fair value option election does not apply to held-to-maturity debt securities. An entity that elects the fair value option should subsequently apply the guidance in Subtopics 820-10, Fair Value Measurement&#8212;Overall, and 825-10. The effective date and transition requirements for the amendments in these Updates are the same as the effective dates and transition requirements in Update 2016-13, as amended by these Updates. Based on its preliminary assessment and considering that the Partnership&#8217;s trade accounts receivable relates mainly to time charter revenues whose collectability is evaluated in accordance with ASC 842 Leases, the Partnership&#8217;s Management does not expect to have a material impact from the adoption of the new accounting standard on its consolidated financial statements and related disclosures.</font></p><p style="margin-top:0pt; margin-left:34pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; color:#29292a">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; color:#29292a">ii) In August 2018, the FASB issued ASU No. 2018-13, &#8220;Fair Value Measurement (Topic 820 Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurement&#8221;, which changes the disclosure requirements for fair value measurements by removing, adding, and modifying certain disclosures. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within that year.</font><font style="font-family:'Times New Roman'; color:#29292a">&#xa0;</font><font style="font-family:'Times New Roman'; color:#29292a">&#xa0;</font><font style="font-family:'Times New Roman'; color:#29292a">Early adoption is permitted for any eliminated or modified disclosures upon issuance of this ASU.</font><font style="font-family:'Times New Roman'; color:#29292a">&#xa0;</font><font style="font-family:'Times New Roman'; color:#29292a"> The Partnership&#8217;s Management has assessed the impact of this new accounting guidance and determined that the adoption of this ASU does not have a material impact on its consolidated financial statements and related disclosures.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; color:#29292a">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; color:#29292a">iii) In March 2020, the FASB issued ASU 2020-04, &#8220;Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848)&#8221; which is intended to provide temporary optional expedients and exceptions to U.S. GAAP guidance on contracts, hedge accounting and other transactions affected by the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. This ASU is effective for all entities beginning on March 12, 2020 through December 31, 2020. The Partnership&#8217;s Management is currently evaluating the impact this guidance may have on its consolidated financial statements and related disclosures.</font></p></div> <div class="Section1"><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">2. Significant Accounting Policies and Recent Accounting Pronouncements: </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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:12pt"><a name="DM_MAP_e162cabf97924e87b851086c3f7a7b5f"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">(a)</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">Principles of Consolidation: </font><font style="font-family:'Times New Roman'; font-size:10pt">The accompanying consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles in the United States of America (&#8220;U.S. GAAP&#8221;). The consolidated financial statements include the accounts of Dynagas Partners and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. Dynagas Partners, as the holding company, determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity. Under Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standard Codification (&#8220;ASC&#8221;) 810 &#8220;Consolidation&#8221;, a voting interest entity is an entity in which the total equity investment at risk is deemed sufficient to absorb the expected losses of the entity, the equity holders have all the characteristics of a controlling financial interest and the legal entity is structured with substantive voting rights.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#160;</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic"> </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The holding company consolidates voting interest entities in which it owns all, or at least a majority (generally, greater than 50%) of the voting interest. Variable interest entities (&#8220;VIE&#8221;) are entities, as defined under ASC 810, that in general either have equity investors with non-substantive voting rights or that have equity investors that do not provide sufficient financial resources for the entity to support its activities. The holding company has a controlling financial interest in a VIE and is, therefore, the primary beneficiary of a VIE if it has the power to direct the activities of a VIE that most significantly impact the VIE&#8217;s economic performance and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. A VIE should have only one primary beneficiary which is required to consolidate the VIE. A VIE may not have a primary beneficiary if no party meets the criteria described above. The Partnership evaluates all arrangements that may include a variable interest in an entity to determine if it is the primary beneficiary, and would therefore be required to include assets, liabilities and operations of a VIE in its consolidated financial statements. As of the years ended December 31, 2019, 2018 and 2017, no such interests existed.</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">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_cf778fbc8a7d4edf8af5dc5dab24d4fd"><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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic"> </font></a></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#160;</font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic"> </font><a name="_cp_text_4_52"></a><a name="_cp_text_4_53"></a></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_b1620031ce094cbda7fdb64cf5ea01d9"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(c) Other Comprehensive Income: </font><font style="font-family:'Times New Roman'">The Partnership follows the provisions of ASC 220, &#8220;Comprehensive Income&#8221;, which requires separate presentation of certain transactions which are recorded directly as components of equity. The Partnership has no such transactions which affect other comprehensive income and accordingly, for the years ended December 31, 2019, 2018 and 2017, comprehensive income equaled net income.</font><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic"> </font></a></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_f807fa3acf494e04908f46d0431f3cc2"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(d) Foreign Currency Translation: </font><font style="font-family:'Times New Roman'">The functional currency of the Partnership is the U.S. Dollar because the Partnership&#8217;s vessels operate in international shipping markets and therefore, the Partnership primarily transacts business in U.S. Dollars. The Partnership&#8217;s books of accounts 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 such transactions. At the balance sheet date, monetary assets and liabilities, which are denominated in other currencies, are translated into U.S. Dollars using the balance sheet date exchange rates. Resulting gains or losses are included in &#8220;Other, net&#8221; in the accompanying consolidated statements of income.</font></a></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_4fed58eba46d4b47bd2a48b9d6a5cfbd"><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 with an original maturity of three months or less, to be cash equivalents.</font></a></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_e685718989a74fe5bbbd335753000faf"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(f) Restricted cash: </font><font style="font-family:'Times New Roman'">Restricted cash may comprise of (i) minimum liquidity collateral requirements or minimum required cash deposits that are required to be maintained under the Partnership&#8217;s financing arrangements, (ii) cash deposits in so-called &#8220;retention accounts&#8221; which may only be used as per the Partnership&#8217;s borrowing arrangements for the purpose of serving the loan installments coming due or, (iii) other cash deposits required to be retained until other specified conditions prescribed in the Partnership&#8217;s debt agreements are met. In the event that the obligation to maintain such deposits is expected to elapse within the next operating cycle, these deposits are classified as current assets. Otherwise, they are classified as non-current assets.</font></a></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">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_56027c22ea014584b151e09085d18d40"><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 at each balance sheet date, includes accounts receivable from charterers, net of any provision for doubtful accounts. At each balance sheet date, all potentially uncollectible accounts are assessed individually for purposes of determining the appropriate provision for doubtful accounts primarily based on the aging of such balances and any amounts in dispute. Provision for doubtful accounts as of December 31, 2019 and 2018, was nil.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><a name="DM_MAP_8d0ae794eb0a4205bf972f4beccd1bce"><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 lubricants which are stated at the lower of cost or net realizable value, following the adoption of ASU 2015-11, &#8220;Simplifying the Measurement of Inventory&#8221;. Cost is determined by the first in, first out method. Inventories may also consist of bunkers during periods when vessels are unemployed or under voyage charters and spares in warehouses, in which case, they are also stated at the lower of cost or net realizable value and cost is still determined by the first in, first out method. When evidence exists that the net realizable value of inventory is lower than its cost, the difference is recognized as a loss in earnings in the period in which it occurs.</font></a></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">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_a8a7f2c207c14a1c9325d277913f5611"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(i) Insurance Claims: </font><font style="font-family:'Times New Roman'">The Partnership records insurance claim recoveries for insured losses incurred on damage to fixed assets, loss of hire and for insured crew medical expenses. Insurance claim recoveries are recorded, net of any deductible amounts, at the time when (i) the Partnership&#8217;s vessels suffer insured damages or at the time when crew medical expenses are incurred, (ii) recovery is probable under the related insurance policies, (iii) the Partnership can estimate the amount of such recovery following submission of the insurance claim and (iv) provided that the claim is not subject to litigation.</font></a></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_c5efba07e5354c63b0abd757588de05c"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(j) Vessels, Net: </font><font style="font-family:'Times New Roman'">Vessels are stated at cost, which consists of the contract price and any material expenses incurred upon delivery (initial repairs, improvements and delivery expenses, capitalized interest and on-site supervision costs incurred during the construction periods). Subsequent expenditures for conversions and major improvements are also capitalized when such expenditures appreciably extend the life, increase the earning capacity or improve the efficiency or safety of the vessels; otherwise these amounts are charged to expense as incurred. The cost of each of the Partnership&#8217;s vessels is depreciated beginning from the time when the vessel is ready for her intended use, on a straight-line basis</font><font style="font-family:'Times New Roman'">, to the time that the vessel reaches the end of its</font><font style="font-family:'Times New Roman'"> economic useful life, after considering the estimated residual value of the vessel which is based on its lightweight tonnage times an estimated scrap rate. Following a reassessment of the scrap rates effective from October 1, 2019, the Partnership reduced the average scrap rate estimate from $0.685 per lightweight ton per LNG carrier to $0.500 per lightweight ton per LNG carrier. This change in accounting estimate which did not require retrospective adoption as per ASC 250 &quot;Accounting Changes and Error Corrections,&quot; results in additional future annual depreciation of $1.4 million. For the fiscal year 2019, the effect of the change in the estimate on net income and loss per share were a decrease by $0.3 million and an increase by $0.01 respectively. Management estimates that the useful life of each of the Partnership&#8217;s vessels to be 35 years from the date of initial delivery from the shipyard. Secondhand vessels are depreciated from the date of their acquisition through their remaining estimated useful life. When regulations place limitations on the ability of a vessel to trade on a worldwide basis, such vessel&#8217;s remaining useful life is adjusted as of the date such regulations are adopted.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><a name="DM_MAP_3abdfa0abc42406f98eec65159bbff69"><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'">The Partnership follows ASC 360-10-40 &#8220;Impairment or Disposals of Long-Lived Assets&#8221;, which addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The standard requires that long-lived assets held and used by an entity be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. When the estimate of undiscounted projected operating cash flows, excluding interest charges, expected to be generated by the use of the asset is less than its carrying amount, the asset is evaluated for an impairment loss. Measurement of the impairment loss is based on the fair value of the asset. The Partnership reviews its long-lived assets for impairment whenever events or changes in circumstances, such as business plans to dispose a vessel earlier than the end of its useful life and prevailing market conditions, indicate that the carrying amount of the assets may not be recoverable. When such indications are present, the Partnership determines undiscounted projected net operating cash flows for each vessel and compares the result to the vessel&#8217;s carrying value. The fair values of the assets are determined through Level 2 inputs of the fair value hierarchy as defined in ASC 820, &#8220;Fair value measurements and disclosures&#8221; based on management&#8217;s estimates, assumptions, use of available market data, use of third party valuations and other market observable data. In developing estimates of future cash flows, the Partnership must make assumptions about future charter rates, vessel operating expenses, fleet utilization and the estimated remaining useful life of the vessels. These assumptions are based on historical trends as well as future expectations. </font></a></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">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">The projected net operating cash flows are determined by considering the charter revenues from existing time charters for the fixed fleet days and by estimating charter rates for the unfixed days. Expected outflows for scheduled vessel maintenance and vessel operating expenses are based on the Partnership&#8217;s budget by using historical data, which is adjusted annually with the assumption of the average annual inflation rate prevailing at the time of the impairment test. </font><font style="font-family:'Times New Roman'">In developing the estimate for</font><font style="font-family:'Times New Roman'"> the effective fleet utilization, the Partnership takes into account the period(s) each vessel is expected to undergo her scheduled maintenance (dry-docking and special surveys) and each vessel&#8217;s loss of hire resulting from repositioning or other conditions. </font><font style="font-family:'Times New Roman'">In developing estimates</font><font style="font-family:'Times New Roman'"> for the remaining estimated useful lives of the current fleet and scrap values, </font><font style="font-family:'Times New Roman'">the Partnership utilizes methods, which</font><font style="font-family:'Times New Roman'"> are identical to those employed as part of the Partnership&#8217;s depreciation policy. As and for each of the years ended December 31, 2019, 2018 and 2017, the Partnership incurred no impairment loss.</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">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_b7123e04cf2444f98c462772608377d6"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(l) Intangible Assets/Liabilities Related to Time Charters Acquired: </font><font style="font-family:'Times New Roman'">When and where the Partnership identifies any assets or liabilities associated with the acquisition of a vessel, the Partnership records all such identified assets or liabilities at fair value. Fair value is determined by reference to market data. </font></a><a name="_cp_text_1_179"><font style="font-family:'Times New Roman'">In connection with the acquisition of a vessel, the</font></a><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">Partnership </font><a name="_cp_text_1_181"><font style="font-family:'Times New Roman'">determines the fair value of</font></a><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'">any asset or liability acquired based on the market value of the time charters assumed when a vessel is acquired. The amount to be recorded either as an asset or a liability on the date the vessel is acquired, is determined by comparing the charter rate in the existing time charter agreement of the acquired vessel with the market rates for equivalent time charter agreements prevailing at the time the vessel is acquired.</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">When the present value of the time charter assumed is greater than the current fair value of such charter, the difference is recorded as an asset. </font><font style="font-family:'Times New Roman'">When the present value of the existing time charter assumed is less than the current fair value of such charter</font><font style="font-family:'Times New Roman'">, the difference is recorded as liability. Assets and liabilities are amortized as adjustments to revenues over the remaining term of the assumed time charter and are classified as non-current assets or liabilities, as applicable, in the accompanying consolidated balance sheets. Impairment testing is performed when events or changes in circumstances indicate that the carrying amount of the intangible asset may not be recoverable.</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_c47bb182d4f244b39043de48a464ca52"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(m) Accounting for Special Survey and Dry-Docking Costs: </font><font style="font-family:'Times New Roman'">The Partnership follows the direct expense method of accounting for dry-docking and special survey costs, in which case, such costs are expensed in the period incurred. The vessels undergo dry-dock or special survey approximately every five years during the first fifteen years of their life and, subsequently, every two and a half years to the end of their useful life. Costs relating to routine repairs and maintenance are also expensed in the period they are incurred.</font></a></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_6726a84eaad04f0298181de1eb9d9cea"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(n) Financing Costs: </font><font style="font-family:'Times New Roman'">In accordance with ASU 2015-03, &#8220;Interest &#8211; Imputation of Interest&#8221;, costs associated with long-term debt, including but not limited to, fees paid to lenders, fees required to be paid to third parties on the lender&#8217;s behalf in connection with debt financing or refinancing, or any unamortized portion thereof, are presented by the Partnership as a reduction of long-term debt. Such fees are deferred and amortized to interest and finance costs during the life of the related debt instrument using the effective interest method. Unamortized fees relating to loans repaid or refinanced as debt extinguishments and loan commitment fees are expensed as interest and finance costs in the period incurred in the accompanying consolidated statements of income. Any unamortized balance of costs relating to refinanced long-term debt is deferred and amortized over the term of the credit facility in the period that such refinancing occurs, subject to the provisions of the accounting guidance with respect to &#8220;Debt &#8211; Modifications and Extinguishments&#8221;. </font></a></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_5997bbb64f6a479f9ab85dd47ca9d0ed"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(o) Concentration of Credit Risk: </font><font style="font-family:'Times New Roman'">Financial instruments, which may potentially subject the Partnership to significant concentrations of credit risk, consist principally of cash and cash equivalents and trade accounts receivable. The maximum exposure to loss due to credit risk is the book value at the balance sheet date. The Partnership places its cash and cash equivalents, consisting mostly of deposits, with high credit qualified financial institutions. The Partnership performs periodic evaluations of the relative credit standing of those financial institutions. The Partnership limits its credit risk with trade accounts receivable by performing ongoing credit evaluations of each of its charterer&#8217;s financial condition and generally does not require collateral for its trade accounts receivable.</font></a></p><p style="margin-top:12pt; margin-bottom:6pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">During the years ended December 31, 2019, 2018 and 2017, charterers that individually accounted for more than 10% of the Partnership&#8217;s revenues were as follows: </font></p><table cellspacing="0" cellpadding="0" style="width:65.26%; border-collapse:collapse"><tr style="height:21.1pt"><td style="width:31.64%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><a name="DM_MAP_589e02ed09f94c8bae99113e4c4ca447"><font style="font-family:'Times New Roman'; font-weight:bold">Charterer</font></a></p></td><td style="width:4.96%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2019</font></p></td><td style="width:8.74%; padding-right:0.7pt; 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></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2018</font></p></td><td style="width:9%; padding-right:0.7pt; 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></td><td colspan="2" style="border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; 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">2017</font></p></td></tr><tr style="height:13.5pt"><td style="width:31.64%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">A</font></p></td><td style="width:4.96%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.48%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">47</font></p></td><td style="width:4.92%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:8.74%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.3%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">69</font></p></td><td style="width:4.88%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.2%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">72</font></p></td><td style="width:5.86%; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">%</font></p></td></tr><tr style="height:10.8pt"><td style="width:31.64%; padding-right:0.7pt; 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'">B</font></p></td><td style="width:4.96%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.48%; padding-right:0.7pt; vertical-align:bottom"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">31</font></p></td><td style="width:4.92%; padding-right:0.7pt; vertical-align:bottom"><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:8.74%; padding-right:0.7pt; 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:10.3%; padding-right:0.7pt; vertical-align:bottom"><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:4.88%; padding-right:0.7pt; vertical-align:bottom"><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:9%; padding-right:0.7pt; 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:10.2%; padding-right:0.7pt; vertical-align:bottom"><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:5.86%; padding-right:0.7pt; vertical-align:top"><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></tr><tr style="height:10.8pt"><td style="width:31.64%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-left:12pt; margin-bottom:0pt; text-indent:-12pt; font-size:10pt"><font style="font-family:'Times New Roman'">C</font></p></td><td style="width:4.96%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.48%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">16</font></p></td><td style="width:4.92%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:8.74%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.3%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">18</font></p></td><td style="width:4.88%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><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:9%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><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:10.2%; padding-right:0.7pt; vertical-align:bottom; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'">19</font></p></td><td style="width:5.86%; padding-right:0.7pt; vertical-align:top; background-color:#daeef3"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'">%</font></p></td></tr><tr style="height:13.5pt"><td style="width:31.64%; padding-right:0.7pt; vertical-align:top; background-color:#ffffff"><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:4.96%; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p></td><td style="width:9.48%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">94</font></p></td><td style="width:4.92%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><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:8.74%; padding-right:0.7pt; vertical-align:top; background-color:#ffffff"><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:10.3%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">87</font></p></td><td style="width:4.88%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><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:9%; padding-right:0.7pt; vertical-align:top; background-color:#ffffff"><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:10.2%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:bottom; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:right; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">91</font></p></td><td style="width:5.86%; border-top-style:solid; border-top-width:0.75pt; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:0pt; margin-bottom:0pt; text-align:center; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">%</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><p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt"><a name="DM_MAP_06172ff4fc8641a6b6e5b296e4121b20"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(p) Accounting for Revenues and Related Expenses:</font><font style="font-family:'Times New Roman'"> The Partnership generates its revenues from charterers under time charter agreements, which contain a lease as they meet the criteria of a lease under ASC 842 or ASC 840 under transition accounting. In particular, under ASC 842, the Partnership elected certain practical expedients, which allowed the Partnership&#8217;s existing lease arrangements, in which it was a lessor, classified as operating leases under ASC 840 to continue to be classified as operating leases under ASC 842. Leases, which commenced on or after January 1, 2018, were classified as operating leases under ASC 842. The Partnership&#8217;s vessels are each employed under a time charter agreement, where a contract is entered into with a charterer for the charterer&#8217;s use of a vessel for a specific period of time and at a specified daily charter hire rate. If a time charter agreement exists and collection of the related revenue is reasonably assured, revenue is recognized, as it is earned ratably over the duration of the period of the time charter. Revenues from time chartering of vessels are accounted for as operating leases. The Partnership early adopted ASC 842 as of September 30, 2018, with adoption reflected as of January 1, 2018, the beginning of the annual period in accordance with ASC 250. The Partnership has determined that the non-lease components in its time charter contracts relate to services for the operation of the vessel, which include crew, technical, safety, commercial services, among others. The Partnership has elected to account for the lease and non-lease component of time charter agreements as a combined component in its consolidated financial statements, having taken into account that the non-lease components would be accounted for ratably on a straight-line basis over the duration of the time charter and that the lease component is considered as the predominant component. The Partnership qualitatively assessed that more value is ascribed to the vessel rather than to the services provided under the time charter agreements. Such revenues are recognized on a straight line basis at the average minimum lease revenue over the rental periods of such charter agreements, as service is performed. </font></a></p><p style="margin-top:0pt; margin-left:36pt; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">Revenue generated from variable lease payments is recognized in the period when changes in facts and circumstances on which the variable lease payments are based occur. The residual or excess amounts from actually collected hire based on the time charter agreement for each period, if any, is classified as deferred or prepaid revenue in the accompanying consolidated balance sheets. Unearned revenue includes cash received prior to the balance sheet date for which all criteria to recognize as revenue have not yet been met as at the balance sheet date and, accordingly, is related to revenue earned after such date.</font><font> </font><font style="font-family:'Times New Roman'">Apart from the agreed hire rate, the owner may be entitled to an additional income, such as ballast bonus, which is considered as reimbursement of owner&#8217;s expenses and is recognized together with the lease component over the duration of the charter. The Partnership has made an accounting policy election to recognize the related</font><font style="font-family:'Times New Roman'">&#xa0;</font><font style="font-family:'Times New Roman'">ballast costs, mainly consisting of bunkers, incurred over the period between the charter party date or the prior redelivery date (whichever is latest) and the delivery date to the charterer, as contract fulfilment costs in accordance with ASC 340-40 and amortized over the charter period. During the year ended December 31, 2019, the amortization of the contract fulfilment costs was $0.2 million. Voyage expenses, primarily consist of commissions, which are paid by the Partnership as well as port, canal and bunker expenses that are unique to a particular charter and which are paid by the charterer under the time charter arrangements or by the Partnership during periods of off-hire. All voyage expenses are expensed as incurred, except for commissions. Commissions paid to brokers are deferred and amortized over the related charter period to the extent revenue has been deferred since commissions are earned as the Partnership&#8217;s revenues are earned.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:12pt"><a name="DM_MAP_cce7fcc4efd84f0ba0d363b6644a90d5"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">(q)</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">Repairs and Maintenance</font><font style="font-family:'Times New Roman'; font-size:10pt">: All repair and maintenance expenses including underwater inspection costs are expensed in the period incurred. Such costs are included in vessel operating expenses in the accompanying consolidated statements of income. </font></a></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:12pt"><a name="DM_MAP_aeaa566054304f8a9e1902310665cb02"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">(r)</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">Earnings/ (Loss) Per Unit</font><font style="font-family:'Times New Roman'; font-size:10pt">: As of December 31, 2019, the Partnership&#8217;s capital structure consisted of common units, two separate classes of preferred units and a general partner interest. The incentive distribution rights are a separate class of non-voting interests that are currently held by the Partnership&#8217;s General Partner but, subject to certain restrictions, may be transferred or sold apart from the General Partner&#8217;s interest. The Partnership calculates basic earnings/ (loss) per each class of units by allocating period distributed and undistributed earnings/ (losses) to the General Partner, limited partners and incentive distribution rights holders using the two-class method and in accordance with the Partnership&#8217;s </font></a><a name="_cp_text_1_276"><font style="font-family:'Times New Roman'; font-size:10pt">Fourth Amended and Restated Limited Partnership Agreement dated October 23, 2018 (the &#8220;Limited Partnership Agreement&#8221;)</font></a><font style="font-family:'Times New Roman'; font-size:10pt">. </font><font style="font-family:'Times New Roman'; font-size:10pt">Basic earnings/ (losses) per common unit are computed by allocating distributed and undistributed net income/ (losses) available to common unitholders, after subtracting the interest on the Partnership&#8217;s net income/ (loss) of all classes of preferred unitholders, subordinated unitholders (up to January 23, 2017 or the &#8220;Sponsor Subordinated Units Conversion Date&#8221;, see Note 9) and the General Partner by the weighted average number of common units outstanding during the year. Any undistributed earnings for the period are allocated to the various unitholders based on the distribution waterfall for cash available for distribution specified in the Limited Partnership Agreement. Where distributions relating to the period are in excess of earnings, the surplus is also allocated according to the cash distribution model. Diluted earnings per common unit reflect the potential dilution that could occur if securities or other contracts to issue units were exercised, if any. The Partnership had no dilutive securities outstanding during the three-year period ended December 31, 2019. </font></p><p style="margin-top:14pt; margin-bottom:14pt; font-size:12pt"><a name="DM_MAP_1ad738928e5a4876843f54e640f2e13a"><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">(s)</font><font style="font-family:'Times New Roman'"> </font><font style="font-family:'Times New Roman'; font-size:10pt; font-weight:bold; font-style:italic">Segment Reporting:</font><font style="font-family:'Times New Roman'; font-size:10pt"> The Partnership operates under one reportable segment relating to its operations as it operates solely LNG vessels. The Partnership reports financial information and evaluates its operations and operating results by the type of vessel and not by the length or type of vessel employment for its customers i.e. time charters. The Partnership&#8217;s management does not use discrete financial information to evaluate operating results for each type of charter. Although revenue can be identified by charter type, management cannot and does not identify expenses, profitability or other financial information in such a manner. When the Partnership charters a vessel to a charterer, the charterer is free to trade the vessel worldwide. As a result, the disclosure of geographic information is impracticable.</font></a></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_1d776cf34b7641fd8a04093c761f6824"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(t) Fair Value Measurements:</font><font style="font-family:'Times New Roman'"> The Partnership follows ASC 820, &#8220;Fair Value Measurements and Disclosures&#8221;, which defines and provides guidance for the measurement of fair value. This guidance creates a fair value hierarchy of measurement and indicates that, when possible, fair value is the price that would be received in the sale of an asset or the price that would be paid in the transfer of a liability in an orderly transaction between market participants in the market in which the reporting entity transacts. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable data that are not corroborated by market data (Level 3). For example, the reporting entity&#8217;s own data </font><font style="font-family:'Times New Roman'">has a Level 3 priority because it is not or not yet observable or corroborated by market</font><font style="font-family:'Times New Roman'"> data. Observable market based inputs or unobservable inputs that are corroborated by market data are classified under Level 2 of the fair value hierarchy. Under the standard, fair value measurements would be separately disclosed by level within the fair value hierarchy. ASC 820 applies when assets or liabilities in the consolidated financial statements are to be measured at fair value, but does not require additional use of fair value beyond the requirements in other accounting principles. </font></a></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_cfdf6c3bb79448bf9e139013bd28612a"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(u) Commitments and Contingencies:</font><font style="font-family:'Times New Roman'"> Commitments are recognized when the Partnership has a present legal or constructive obligation as a result of past events and it is probable that an outflow of resources embodying economic benefits will likely be required to satisfy such obligation and a reliable estimate of the amount of such obligation can be made. Provisions are reviewed at each balance sheet date and adjusted to reflect the present value of the expenditure expected to be required to settle the obligation. Contingent liabilities are not recognized in the consolidated financial statements but are disclosed unless there is a remote possibility of an outflow of resources embodying economic benefits. Contingent assets are not recognized in the consolidated financial statements but are disclosed when an inflow of economic benefits is probable (Note 8).</font></a></p><p style="margin-top:0pt; margin-bottom:6pt; font-size:10pt"><a name="DM_MAP_f5c39a38043a40e0b88a8c5755571638"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(v) Accounting for Financial Instruments: </font><font style="font-family:'Times New Roman'">The principal financial assets of the Partnership consist of cash and cash equivalents, restricted cash, amounts due from related parties and trade accounts receivable. The principal financial liabilities of the Partnership consist of trade and other accounts payable, accrued liabilities, long-term debt and amounts due to related parties. The Partnership may also consider, from time to time, entering into interest rate swap agreements to manage its exposure to fluctuations of interest rate risk associated with its borrowings. Derivative financial instruments are generally used to manage risk related to fluctuations of interest rates. ASC 815, &#8220;Derivatives and Hedging&#8221;, requires all derivative contracts to be recorded at fair value, as determined in accordance with ASC 820, Fair Value Measurements and Disclosures (Note 6). The changes in fair value of a derivative contract are recognized in earnings unless specific hedging criteria are met. At the inception of a hedge relationship, the Partnership formally designates and documents the hedge relationship with respect to hedge accounting, the risk management objective and the strategy undertaken for the hedge. The documentation includes identification of the hedging instrument, hedged item or transaction, the nature of the risk being hedged and how the entity will assess the hedging instrument&#8217;s effectiveness in offsetting exposure to changes in the hedged item&#8217;s cash flows attributable to the hedged risk. A cash flow hedge is the mitigation of risk exposure resulting from variability in cash flows attributable to a particular risk associated with a recognized asset or liability or a highly probable forecasted transaction that could affect profit or loss. Such hedges are expected to be highly effective in achieving offsetting changes in cash flows and are assessed on an ongoing basis to determine whether they actually have been highly effective throughout the financial reporting periods for which they were designated. All derivatives are recorded on the balance sheet as assets or liabilities and measured at fair value. For derivatives designated as cash flow hedges, the effective portion of the changes in fair value of the derivatives is recorded in &#8220;Accumulated Other Comprehensive Income/ (Loss)&#8221; and subsequently recognized in earnings when the hedged items impact earnings. </font></a></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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:justify; font-size:10pt"><a name="DM_MAP_1c8b01abc5e8413d9b97bf51d3466e4e"><font style="font-family:'Times New Roman'; font-weight:bold; font-style:italic">(w) Going concern:</font><font style="font-family:'Times New Roman'; font-style:italic; background-color:#ffffff">&#xa0;</font><font style="font-family:'Times New Roman'">The Partnership&#8217;s policy is in accordance with ASU No. 2014-15, &quot;Presentation of Financial Statements - Going Concern&quot;, issued in August 2014 by the FASB. ASU 2014-15 provides U.S. GAAP guidance on management&#8217;s responsibility in evaluating whether there is substantial doubt about a entity&#8217;s ability to continue as a going concern and on related required footnote disclosures. For each reporting period, management is required to evaluate whether there are conditions or events that raise substantial doubt about a company&#8217;s ability to continue as a going concern within one year from the date the consolidated financial statements are issued.</font></a></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; 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:justify; font-size:10pt"><a name="DM_MAP_97bf63ca278d4a7192c129387738d36f"><font style="font-family:'Times New Roman'; font-weight:bold">Recent Accounting Pronouncements Not Yet Adopted </font></a></p><p style="margin-top:0pt; margin-left:34pt; margin-bottom:0pt; text-align:justify; 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:justify; font-size:10pt"><font style="font-family:'Times New Roman'; color:#29292a">i) In June 2016, the FASB issued ASU 2016-13- Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 amended guidance on reporting credit losses for assets held at amortized cost basis and available for sale debt securities.&#160; For public entities, the amendments of this Update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years.&#160; Early application is permitted. Furthermore, in November 2018, the FASB issued ASU 2018-19, &#8220;Codification Improvements to Topic 326, Financial Instruments&#8212;Credit Losses&#8221;. The amendments clarify that receivables arising from operating leases are not within the scope of Subtopic 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with Topic 842, Leases. In addition, in April 2019, the FASB issued ASU 2019-04, &#8220;Codification Improvements to Topic 326, Financial Instruments&#8212;Credit Losses, Financial Instruments&#8212;Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825 Financial Instruments&#8221;, the amendments of which clarify the modification of accounting for available for sale debt securities excluding applicable accrued interest, which must be individually assessed for credit losses when fair value is less than the amortized cost basis. In May 2019, the FASB issued ASU 2019-05, &#8220;Codification Improvements to Topic 326, Financial Instruments&#8212;Credit Losses, Financial Instruments&#8212;Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825 Financial Instruments&#8221;, the amendments of which provide entities that have certain instruments within the scope of Subtopic 326-20, Financial Instruments&#8212;Credit Losses&#8212;Measured at Amortized Cost, with an option to irrevocably elect the fair value option in Subtopic 825-10, Financial Instruments&#8212;Overall, applied on an instrument-by-instrument basis for eligible instruments, upon adoption of Topic 326. The fair value option election does not apply to held-to-maturity debt securities. An entity that elects the fair value option should subsequently apply the guidance in Subtopics 820-10, Fair Value Measurement&#8212;Overall, and 825-10. The effective date and transition requirements for the amendments in these Updates are the same as the effective dates and transition requirements in Update 2016-13, as amended by these Updates. Based on its preliminary assessment and considering that the Partnership&#8217;s trade accounts receivable relates mainly to time charter revenues whose collectability is evaluated in accordance with ASC 842 Leases, the Partnership&#8217;s Management does not expect to have a material impact from the adoption of the new accounting standard on its consolidated financial statements and related disclosures.</font></p><p style="margin-top:0pt; margin-left:34pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; color:#29292a">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; color:#29292a">ii) In August 2018, the FASB issued ASU No. 2018-13, &#8220;Fair Value Measurement (Topic 820 Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurement&#8221;, which changes the disclosure requirements for fair value measurements by removing, adding, and modifying certain disclosures. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within that year.</font><font style="font-family:'Times New Roman'; color:#29292a">&#xa0;</font><font style="font-family:'Times New Roman'; color:#29292a">&#xa0;</font><font style="font-family:'Times New Roman'; color:#29292a">Early adoption is permitted for any eliminated or modified disclosures upon issuance of this ASU.</font><font style="font-family:'Times New Roman'; color:#29292a">&#xa0;</font><font style="font-family:'Times New Roman'; color:#29292a"> The Partnership&#8217;s Management has assessed the impact of this new accounting guidance and determined that the adoption of this ASU does not have a material impact on its consolidated financial statements and related disclosures.</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; color:#29292a">&#xa0;</font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; color:#29292a">iii) In March 2020, the FASB issued ASU 2020-04, &#8220;Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848)&#8221; which is intended to provide temporary optional expedients and exceptions to U.S. GAAP guidance on contracts, hedge accounting and other transactions affected by the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. This ASU is effective for all entities beginning on March 12, 2020 through December 31, 2020. The Partnership&#8217;s Management is currently evaluating the impact this guidance may have on its consolidated financial statements and related disclosures.</font></p><p style="margin-top:0pt; margin-left:34pt; margin-bottom:0pt; text-align:justify; 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; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'; font-weight:bold">13. Subsequent Events: </font></p><p style="margin-top:0pt; margin-bottom:0pt; text-align:justify; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ol type="a" style="margin:0pt; padding-left:0pt"><li style="margin-left:13.5pt; text-align:justify; font-family:'Times New Roman'; font-size:10pt"><font style="font-weight:bold">Quarterly Series A Preferred unit cash distribution: </font><font>On January 20, 2020, the Partnership&#8217;s Board of Directors declared a cash distribution of $0.5625 per unit on its Series A Preferred Units for the period from November 12, 2019 to February 11, 2020. The cash distribution was paid on February 12, 2020, to all Series A preferred unitholders of record as of February 5, 2020. </font></li></ol><p style="margin-top:0pt; margin-left:13.5pt; margin-bottom:0pt; text-align:justify; font-size:12pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ol start="2" type="a" style="margin:0pt; padding-left:0pt"><li style="margin-left:13.5pt; text-align:justify; font-family:'Times New Roman'; font-size:10pt; background-color:#ffffff"><font style="font-weight:bold">Quarterly Series B Preferred unit cash distribution: </font><font>On January 30, 2020, the Partnership&#8217;s Board of Directors declared a cash distribution of $0.546875 per unit on its Series B Preferred Units for the period from November 22, 2019 to February 21, 2020. The cash distribution was paid on February 24, 2020, to all Series B preferred unitholders of record as of February 17, 2020.&#160;&#160; </font></li></ol><p style="margin-top:0pt; margin-left:36pt; margin-bottom:0pt; font-size:10pt"><font style="font-family:'Times New Roman'">&#xa0;</font></p><ol start="3" type="a" style="margin:0pt; padding-left:0pt"><li style="margin-left:13.5pt; margin-bottom:14pt; text-align:justify; font-family:'Times New Roman'; font-size:10pt; background-color:#ffffff"><font style="font-weight:bold; font-style:italic">Covid-19 outbreak</font><font>: The outbreak of COVID-19, which originated in China in December 2019 and subsequently spread to most developed nations of the world, has resulted in the implementation of numerous actions taken by governments and governmental agencies in an attempt to mitigate the spread of the virus.&#160; These measures have resulted in a significant reduction in global economic activity and extreme volatility in the global financial markets. The reduction of economic activity has significantly reduced the global demand for oil, refined petroleum products and LNG. The Partnership expects that the impact of the COVID-19 virus and the uncertainty in the supply of oil will continue to cause volatility in the commodity markets. Although to date there has not been any significant effect in the Partnership&#8217;s operating activities due to COVID-19, the extent to which COVID-19 will impact the Partnership&#8217;s results of operation and financial condition will depend on future developments, which are highly uncertain and cannot be predicted, including among others, new information which may emerge concerning the severity of the virus and the actions to contain or treat its impact. An estimate of the impact cannot therefore be made at this time.&#160;&#160; </font></li></ol></div>