Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt [Abstract]

Debt

The amounts in the consolidated balance sheets are analyzed as follows (facility names defined below):

Bank / Vessel(s)	December 31,
	2021			2022
Total long term debt:
2nd ABN Facility (M/T Eco West Coast)		34,955			32,495
2nd Alpha Bank Facility (M/T Eco Malibu)		36,500			33,500
Cargill Facility (M/T Eco Marina Del Ray)		27,195			25,189
2nd CMBFL Facility (M/T Julius Caesar and M/T Legio X Equestris)		-			103,952
2nd AVIC Facility (M/T Eco Oceano Ca)		-			45,489
Total long term debt		98,650			240,625
Less: Deferred finance fees		(1,282	)		(3,640	)
Less: Debt discount relating to Vessel fair value participation liability		-			(3,271	)
Total long term debt net of deferred finance fees		97,368			233,714
Presented:
Current portion of long term debt		7,205			12,344
Long term debt		90,163			221,370
Debt related to Vessels held for sale:
AVIC Facility (M/T Eco Los Angeles and M/T Eco City of Angels)		54,665			-
Less: Deferred finance fees		(1,463	)		-
Debt related to Vessels held for sale net of deferred finance fees		53,202			-
Total Debt net of deferred finance fees		150,570			233,714

Annual Principal Payments

Scheduled Principal Repayments: The Company’s annual principal payments required to be made after December 31, 2022 on its loan obligations, are as follows (including the financings under sale and leaseback agreements):

Years
December 31, 2023	15,666
December 31, 2024	36,416
December 31, 2025	13,072
December 31, 2026	13,072
December 31, 2027 and thereafter	162,399
Total	240,625