Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Future Minimum Operating Lease Payments

The Company’s future minimum operating lease payments required to be made after December 31, 2022, relating to the bareboat chartered-in vessels M/T Eco Beverly Hills and M/T Eco Bel Air are as follows:

Year ending December 31,	Bareboat charter lease payments
2023		10,220
2024		10,038
2025		6,777
Total		27,035
Less imputed interest		(3,087	)
Total Lease Liability		23,948
Presented as follows:
Short-term lease liability		8,610
Long-term lease liability		15,338

Future Minimum Time-Charter Receipts

Future minimum time-charter receipts of the Company’s vessels in operation as of December 31, 2022, based on commitments relating to non-cancellable time charter contracts as of December 31, 2022, are as follows :

Year ending December 31,	Time Charter receipts
2023		81,772
2024		50,429
2025		19,362
2026		16,425
2027and thereafter		91,180
Total		259,168