Commitments and contingent obligations

12 Months Ended

Dec. 31, 2016

Commitments And Contingencies Disclosure [Abstract]

17.	Commitments and contingent obligations:

(a)

As of December 31, 2016, the minimum future revenues to be received on committed time charter party agreements and interest income from direct financing leases are approximately:

2017	$	795,386
2018		790,366
2019		762,699
2020		722,489
2021		650,781
Thereafter		1,445,727
	$	5,167,448

The minimum future revenues are based on 100% utilization, relate to committed time charter party agreements currently in effect and assume no renewals or extensions.

(b)

As of December 31, 2016, based on the contractual delivery dates, the Company has outstanding commitments of $468,982,000 in 2017 for installment payments for vessels under construction.

(c)

As of December 31, 2016, the commitment under operating leases for vessels is $1,340,050,000 for 2017 to 2028 and office space is $9,660,000 for 2017 to 2024. Total commitments under these leases are as follows:

2017	$	130,265
2018		131,209
2019		132,329
2020		133,432
2021		135,248
Thereafter		687,227
	$	1,349,710