Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Future Minimum Operating Lease Payments

The Company’s future minimum operating lease payments required to be made after December 31, 2023, 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
2024		10,038
2025		6,777
Total		16,815
Less imputed interest		(1,478	)
Total Lease Liability		15,337
Presented as follows:
Short-term lease liability		8,980
Long-term lease liability		6,357

Future Minimum Time-Charter Receipts

Future minimum time-charter receipts of the Company’s vessels in operation as of December 31, 2023, based on commitments relating to non-cancellable time charter contracts as of December 31, 2023, are as follows :

Year ending December 31,	Time Charter receipts
2024		74,078
2025		70,229
2026		60,782
2027		36,304
2028 and thereafter		81,173
Total		322,566