2.4.0.81140 - Disclosure - Sale of Vesselstruefalsefalse1falsefalsefalseD2013Q2YTDhttp://www.sec.gov/CIK0001369241duration2013-01-01T00:00:002013-06-30T00:00:001true1us-gaap_GainLossOnSaleOfPropertyPlantEquipmentAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false2dac_DisposalOfAssetsDisclosureTextBlockdac_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div style="font-size:10.0pt;font-family:Times New Roman;">
<p style="MARGIN: 0in 0in 0pt;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">14</font></b><b><font style="FONT-SIZE: 3pt; FONT-WEIGHT: bold;" size="1">                   </font></b> <b><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Sale of Vessels</font></b></p>
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<p style="TEXT-INDENT: 30.95pt; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">On February 13, 2013, the Company sold and delivered the <i>Independence</i>. The gross sale consideration was $7.0 million. The Company realized a net gain on this sale of $518 thousand and net sale proceeds of $6.0 million. The <i>Independence</i> was 26 years old.</font></p>
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<p style="TEXT-INDENT: 30.95pt; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">On February 28, 2013, the Company sold and delivered the <i>Henry</i>. The gross sale consideration was $6.1 million. The Company realized a net gain on this sale of $138 thousand and net sale proceeds of $5.37 million. The <i>Henry</i> was 27 years old.</font></p>
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<p style="TEXT-INDENT: 30.95pt; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">On March 25, 2013, the Company sold and delivered the <i>Pride</i>. The gross sale consideration was $6.5 million. The Company realized a net loss on this sale of $671 thousand and net sale proceeds of $5.48 million. The <i>Pride</i> was 25 years old.</font></p>
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<p style="TEXT-INDENT: 30.95pt; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">On May 14, 2013, the Company sold and delivered the <i>Honour</i>. The gross sale consideration was $9.1 million. The Company realized a net gain on this sale of $112 thousand and net sale proceeds of $8.0 million. The <i>Honour</i> was 24 years old.</font></p>
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<p style="TEXT-INDENT: 30.95pt; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">On June 13, 2013, the Company sold and delivered the <i>Elbe</i>. The gross sale consideration was $5.6 million. The Company realized a net gain on this sale of $59 thousand and net sale proceeds of $5.02 million. The <i>Elbe</i> was 22 years old.</font></p>
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