2.4.0.810300 - Disclosure - CASH AND CASH EQUIVALENTStruefalsefalse1false falsefalseFYp0YTDhttp://www.sec.gov/CIK0001415921duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_CashAndCashEquivalentsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0CASH AND CASH EQUIVALENTS [Abstract]2false 2us-gaap_CashAndCashEquivalentsDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div><font style="font-face: Times New Roman" size="2" color="#000000"><b>NOTE 3 - CASH AND CASH EQUIVALENTS</b></font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000"><b></b>Cash and cash equivalents consist of the following:</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000"></font> </div> <div><font style="font-face: Times New Roman" size="2" color="#000000"></font></div> <table border="0" cellspacing="0" cellpadding="0"> <tr> <td width="364" height="20"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="25"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td colspan="2" width="57"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>June 30,</b></font></div><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b> 2013</b></font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="28"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td colspan="2" width="67"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>December 31,</b></font></div><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b> 2012</b></font></div></td> <td width="1"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="364" height="10" bgcolor="#cceeff"><div> </div><div><font style="font-face: Times New Roman" size="2" color="#000000">Cash on hand and at banks</font></div></td> <td width="25" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="24" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="32" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">14,261</font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="28" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="39" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">18,180</font></div></td> <td width="1" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> </tr> <tr> <td width="364" height="10"><div> </div><div><font style="font-face: Times New Roman" size="2" color="#000000">Short term deposits and highly liquid funds</font></div></td> <td width="25"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="24"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="32"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">48,088</font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="28"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="39"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">13,952</font></div></td> <td width="1"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> </tr> <tr> <td width="364" height="13" bgcolor="#cceeff"><div> </div><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>Total cash and cash equivalents</b></font></div></td> <td width="25" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="24" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td> <td width="32" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>62,349</b></font></div></td> <td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>  </b></font></div></td> <td width="28" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td> <td width="39" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>32,132</b></font></div></td> <td width="1" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>  </b></font></div></td> </tr> <tr> <td width="364" height="1"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="25"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="24"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="32"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="28"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="27"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="39"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="1"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="364"></td> <td width="25"></td> <td width="24"></td> <td width="32"></td> <td width="8"></td> <td width="28"></td> <td width="27"></td> <td width="39"></td> <td width="1"></td> </tr> </table> <div><font style="font-face: Times New Roman" size="2" color="#000000">Short term deposits and highly liquid funds relate to amounts held in banks for general financing purposes. As of June 30, 2013, Navios Partners held time deposits of $47,290 and money market funds of $798 with duration of less than three months. As of December 31, 2012, Navios Partners held time deposits of $13,129 and money market funds of $823 with duration of less than three months.</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000">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.</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000">Restricted cash as of June 30, 2013 and December 31, 2012 included an amount held as security in the form of a letter of guarantee related to an owned vessel in the amount of $830 and $829, respectively. In addition, at each of June 30, 2013 and December 31, 2012, restricted cash included $0 and $28,700, respectively, which related to amounts held in retention accounts as required by certain of Navios Partners' credit facilities. As of June 30, 2013 and December 31, 2012 the short-term restricted cash held in retention accounts was $830 and $29,529, respectively. Long-term restricted cash as of June 30, 2013 was $98,179 (see note 7).</font></div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4273-108586 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 6.H.3) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13728-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7 -Footnote 1 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section H -Subsection 3 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 8, 9, 10 -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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