Cash and cash equivalents

12 Months Ended

Dec. 31, 2018

Cash and cash equivalents [Abstract]

Cash and cash equivalents

5 Cash and cash equivalents

Cash and cash equivalents at December 31, 2018 and 2017, are summarized as follows:

	2018		2017
Cash on hand	$	864	$	925
Cash at banks		123,950		158,035
Short-term investments (a)		154,028		263,123
Restricted cash		39,313		39,471
	$	318,155	$	461,554

(a) Includes fix-term deposits (promissory notes) and repurchase/resell agreements with terms up to 3 days.

Restricted cash

As at December 2018 and 2017, restricted cash represents the amount required to guarantee payments according to the obligations arising from the debt agreements for the acquisition of vessels and guarantee found for the sale of Terminal Marítima de Tuxpan, S.A. de C.V.