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LEASES

The Partnership has numerous non-cancelable operating leases primarily for transportation and other equipment. The leases generally provide that all expenses related to the equipment are to be paid by the lessee. Management expects to renew or enter into similar leasing arrangements for similar equipment upon the expiration of the current lease agreements. The Partnership also has cancelable operating lease land rentals and outside marine vessel charters. Certain of our marine vessels have been acquired under capital leases.

The Partnership's future minimum lease obligations as of December 31, 2011 consist of the following:

Fiscal year	Operating Leases		Capital Leases

2012	$	11,776	$	1,138
2013		7,975		1,147
2014		7,015		1,169
2015		6,297		1,169
2016		5,564		5,465
Thereafter		8,738		-
Total	$	47,365		10,088
Less amounts representing interest costs				4,057
Present value of net minimum capital lease payments				6,031
Less current installments				193
Present value of net minimum capital lease payments, excluding current installments			$	5,838

Rent expense for operating leases for the years ended December 31, 2011, 2010 and 2009 was $19,280, $15,710 and $11,158, respectively. The amount recognized in interest expense for capital leases was $972, $991, and $250 for the years ended December 31, 2011, 2010 and 2009, respectively.