2.4.0.8101400 - Disclosure - Commitments and Contingenciestruefalsefalse1false falsefalseQ2_2013_Durhttp://www.sec.gov/CIK0001401112duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_CommitmentsAndContingenciesDisclosureAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Commitments and Contingencies [Abstract]2false 2us-gaap_CommitmentsAndContingenciesDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div>14. Commitments and Contingencies From time to time the Company is subject to legal proceedings and claims in the ordinary course of business, principally personal injury and property casualty claims. Such claims, even if lacking in merit, could result in the expenditure of significant financial and managerial resources. As of June 30, 2013, the Company is not aware of any claim or contingent liability, which should be disclosed, or for which a provision should be established in the accompanying financial statements. Newbuilding Commitments: Future newbuilding installments based on the non-cancelable newbuilding contracts, as amended (refer to Note 5) required to be made after June 30, 2013 are as follows: <table cellspacing="0" style="vertical-align:top;font-family:Georgia;;width:99.34%;border-collapse:collapse;margin-left:0pt;"><tr style=";height:0;page-break-inside:avoid;"><td style="vertical-align:top;font-family:Georgia;;width:58%;vertical-align:bottom;border-bottom:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;padding:0 3.6pt 0 3.6pt;">To June 30,</td><td style="vertical-align:top;font-family:Georgia;;width:42%;vertical-align:bottom;border-bottom:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;padding:0 3.6pt 0 3.6pt;"> </td></tr><tr style=";height:0;page-break-inside:avoid;"><td style="vertical-align:top;font-family:Georgia;;width:58%;vertical-align:bottom;padding:0 3.6pt 0 3.6pt;">2014</td><td style="vertical-align:top;font-family:Georgia;;width:42%;vertical-align:bottom;padding:0 3.6pt 0 3.6pt;">$21,662,200</td></tr><tr style=";height:0;page-break-inside:avoid;"><td style="vertical-align:top;font-family:Georgia;;width:58%;vertical-align:bottom;padding:0 3.6pt 0 3.6pt;">2015 </td><td style="vertical-align:top;font-family:Georgia;;width:42%;vertical-align:bottom;padding:0 3.6pt 0 3.6pt;">91,203,619</td></tr><tr style=";height:0;page-break-inside:avoid;"><td style="vertical-align:top;font-family:Georgia;;width:58%;vertical-align:bottom;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;padding:0 3.6pt 0 3.6pt;">Total </td><td style="vertical-align:top;font-family:Georgia;;width:42%;vertical-align:bottom;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;padding:0 3.6pt 0 3.6pt;">$112,865,819</td></tr><tr><td style="margin:0;padding:0;border:none;width:247.1pt;" /><td style="margin:0;padding:0;border:none;width:189.2pt;" /></tr></table> </div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for commitments and contingencies.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 14 -Paragraph 3 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. 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