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Long-term obligations under capital lease (Tables)
12 Months Ended
Dec. 31, 2018
Capital Lease Obligations [Abstract]  
Schedule of Long-term Obligations Under Capital Lease

 

 

 

2018

 

 

2017

 

Long-term obligations under capital lease

 

$

647,664

 

 

$

648,840

 

Deferred financing fees

 

 

(7,908

)

 

 

(9,912

)

Long-term obligations under capital lease

 

 

639,756

 

 

 

638,928

 

Current portion of long-term obligations under capital lease

 

 

(48,384

)

 

 

(43,912

)

Long-term obligations under capital lease

 

$

591,372

 

 

$

595,016

 

 

Repayments Due for Obligations Under Capital Lease


Based on amounts funded, payments due to the lessors for all ten vessels would be as follows:

 

2019

 

$

59,086

 

2020

 

 

150,401

 

2021

 

 

46,352

 

2022

 

 

46,808

 

2023

 

 

88,552

 

Thereafter

 

 

281,370

 

 

 

 

672,569

 

Less amounts representing interest

 

 

(24,905

)

 

 

 

647,664