Cash And Cash Equivalents

6 Months Ended

Jun. 30, 2012

CONDENSED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS [Abstract]

CASH AND CASH EQUIVALENTS [Text Block]

NOTE 3 — CASH AND CASH EQUIVALENTS

Cash and cash equivalents consist of the following:

	June 30, 2012		December 31, 2011
Cash on hand and at banks	$	39,411	$	20,704
Short term deposits and highly liquid funds		1,650		27,374
Total cash and cash equivalents	$	41,061	$	48,078

Short term deposits and highly liquid funds relate to amounts held in banks for general financing purposes. As of June 30, 2012, Navios Partners held time deposits of $827 and money market funds of $823 with duration of less than three months. As of December 31, 2011, Navios Partners held time deposits of $25,281 and money market funds of $2,093 with duration of less than three months.

Cash deposits and cash equivalents in excess of amounts covered by government-provided insurance are exposed to loss in the event of non-performance by financial institutions. Navios Partners does maintain cash deposits and equivalents in excess of government-provided insurance limits. Navios Partners also minimizes exposure to credit risk by dealing with a diversified group of major financial institutions.