Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt [Abstract]

Debt

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

Bank / Vessel(s)	December 31,
	2022			2023
Total long-term debt:
ABN Facility (M/T Eco West Coast)		32,495			-
Alpha Bank Facility (M/T Eco Malibu)		33,500			-
Cargill Facility (M/T Eco Marina Del Rey)		25,189			23,094
CMBFL Facility (M/T Julius Caesar and M/T Legio X Equestris)		103,952			98,552
2nd AVIC Facility (M/T Eco Oceano CA)		45,489			42,777
3rd AVIC Facility (M/T Eco West Coast)		-			40,817
Huarong Facility (M/T Eco Malibu)		-			41,000
Total long-term debt		240,625			246,240
Less: Deferred finance fees		(3,640	)		(4,279	)
Less: Debt discount relating to Vessel fair value participation liability		(3,271	)		(1,463	)
Total long-term debt net of deferred finance fees and debt discounts		233,714			240,498
Presented:
Current portion of long-term debt		12,344			12,418
Long-term debt		221,370			228,080

Annual Principal Payments

Scheduled Principal Repayments: The Company’s annual principal payments required to be made after December 31, 2023 on its loan obligations, are as follows (including the financings under sale and leaseback agreements):

Years
December 31, 2024	14,426
December 31, 2025	14,511
December 31, 2026	14,511
December 31, 2027	14,511
December 31, 2028 and thereafter	188,281
Total	246,240