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Leases

12 Months Ended

Dec. 31, 2012

NOTE 17 - LEASES

The future minimum contractual lease income (charter-out rates are presented net of commissions), is as follows:


	Amount
2013		173,948
2014		113,805
2015		97,123
2016		80,412
2017		80,192
2018 and thereafter		173,634

	$	719,114

- Definition

The entire disclosure for operating leases of a lessor. This may include a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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