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Related party transactions
12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Related party transactions
Related party transactions
 
Belmond manages, under long-term contract, the tourist train owned by Eastern and Oriental Express Ltd., in which Belmond has a 25% ownership interest. In the year ended December 31, 2018, Belmond earned management fees from Eastern and Oriental Express Ltd. of $340,000 (2017 - $295,000; 2016 - $236,000), which are recorded in revenue. The amount due to Belmond from Eastern and Oriental Express Ltd. at December 31, 2018 was $6,157,000 (2017 - $6,302,000).
 
Belmond manages, under long-term contracts in Peru, Belmond Hotel Monasterio, Belmond Palacio Nazarenas, Belmond Sanctuary Lodge, Belmond Hotel Rio Sagrado, Belmond Las Casitas del Colca, PeruRail and Ferrocarril Transandino, in all of which Belmond has a 50% ownership interest. Belmond provides loans, guarantees and other credit accommodation to these joint ventures. In the year ended December 31, 2018, Belmond earned management and guarantee fees from its Peruvian joint ventures of $15,411,000 (2017 - $15,154,000; 2016 - $14,734,000) which are recorded in revenue. The amount due to Belmond from its Peruvian joint ventures at December 31, 2018 was $3,722,000 (2017 - $6,029,000).

Belmond owns 50% of a company holding real estate in Buzios, Brazil. The amount due to Belmond from the joint venture at December 31, 2018 was $413,000 (2017 - $431,000).

On the April 19, 2016, Belmond completed the sale of the property, plant and equipment relating to the trains and carriages that were formerly operated as the Great South Pacific Express in Queensland, Australia for consideration of $2,362,000 to the Company’s PeruRail joint venture. The carriages were sold at their carrying value and no gain or loss arose on disposal.

During 2018, Belmond provided conference and banqueting services in the amount of $32,000 (2017 - $219,000, 2016 - $488,000) to Crawford & Co. and GHS Holdings, LLC, companies in which Mr. Harsha Agadi, who is a member of the board of directors of Belmond, is the Chief Executive Officer and President. The amount due to Belmond from Crawford & Co. at December 31, 2018 was $Nil (2017 - $194,000).

On July 6, 2018, the Company entered into an agreement with Mr. Sherwood that terminated the right of first refusal and purchase option. See Notes 21 and 23.