2.4.0.810700 - Disclosure - INTANGIBLE ASSETStruefalsefalse1falsefalsefalseFYp0YTDhttp://www.sec.gov/CIK0001415921duration2013-01-01T00:00:002013-06-30T00:00:001true1us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false2us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div><font style="font-face: Times New Roman" size="2" color="#000000"><b>NOTE 5</b> -<b> INTANGIBLE ASSETS</b></font></div>
<div><font style="font-face: Times New Roman" size="2" color="#000000"><b></b>Intangible assets and unfavorable leases terms as of June 30, 2013 and December 31, 2012 consisted 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="341"><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="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="43"><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="25"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="23"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="40"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="9"><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="12"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="37"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
</tr>
<tr>
<td width="341" 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="52"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Cost</b></font></div></td>
<td width="8"><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="63"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Accumulated</b></font></div><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Amortization</b></font></div></td>
<td width="9"><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="50"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Net Book</b></font></div><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b> Value</b></font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
</tr>
<tr>
<td width="341" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>Total favorable lease terms charter-out December 31, 2011</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="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td>
<td width="43" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>227,335</b></font></div></td>
<td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>  </b></font></div></td>
<td width="25" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="23" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td>
<td width="40" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>(50,754</b></font></div></td>
<td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>) </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="12" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td>
<td width="37" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>176,581</b></font></div></td>
<td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>  </b></font></div></td>
</tr>
<tr>
<td width="341" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Additions</font></div></td>
<td width="25"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="43"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">21,193</font></div></td>
<td width="8"><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="23"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="40"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(37,295</font></div></td>
<td width="9"><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="12"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="37"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(16,102</font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td>
</tr>
<tr>
<td width="341" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>Total favorable lease terms charter-out December 31, 2012</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="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td>
<td width="43" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>248,528</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="25" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="23" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td>
<td width="40" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>(88,049</b></font></div></td>
<td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>) </b></font></div></td>
<td width="25" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="12" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td>
<td width="37" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>160,479</b></font></div></td>
<td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>  </b></font></div></td>
</tr>
<tr>
<td width="341" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Additions</font></div></td>
<td width="25"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="43"><div align="right"><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="25"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="23"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="40"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(19,226</font></div></td>
<td width="9"><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="12"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="37"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(19,226</font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td>
</tr>
<tr>
<td width="341" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Write-off of intangible asset</font></div></td>
<td width="25"><div> </div></td>
<td width="9"><div> </div></td>
<td width="43"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000">       -</font></div></td>
<td width="8"><div> </div></td>
<td width="25"><div> </div></td>
<td width="23"><div> </div></td>
<td width="40"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(3,205</font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">)</font></div></td>
<td width="25"><div> </div></td>
<td width="12"><div> </div></td>
<td width="37"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(3,205</font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">)</font></div></td>
</tr>
<tr>
<td width="341" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>Total favorable lease terms charter-out June 30, 2013</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="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td>
<td width="43" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>248,528</b></font></div></td>
<td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>  </b></font></div></td>
<td width="25" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="23" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td>
<td width="40" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>(110,480</b></font></div></td>
<td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>) </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="12" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td>
<td width="37" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>138,048</b></font></div></td>
<td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>  </b></font></div></td>
</tr>
<tr>
<td width="341" height="4"><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="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="43"><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="25"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="23"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="40"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="9"><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="12"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="37"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
</tr>
</table>
<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">Amortization expense of favorable lease terms for the three and six month periods ended June 30, 2013 and 2012 is presented in the following table:</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="376"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="18"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="43"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="18"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="20"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="18"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="30"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="15"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="43"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="20"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="35"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
</tr>
<tr>
<td width="376" height="8"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td>
<td colspan="6" width="150"><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b>Three Month Period Ended</b></font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="15"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td colspan="6" width="149"><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b>Six Month Period Ended</b></font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
</tr>
<tr>
<td width="376" height="17"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td>
<td colspan="2" width="61"><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b>June 30,</b></font></div><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b> 2013</b></font></div></td>
<td width="18"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="20"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td colspan="2" width="49"><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b>June 30,</b></font></div><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b> 2012</b></font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="15"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td colspan="2" width="59"><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b>June 30,</b></font></div><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b> 2013</b></font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="20"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td colspan="2" width="52"><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b>June 30,</b></font></div><div align="center"><font style="font-face: Times New Roman" size="1" color="#000000"><b> 2012</b></font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
</tr>
<tr>
<td width="376" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Favorable lease terms charter-out</font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td>
<td width="18"><div><font style="font-face: Times New Roman" size="2" color="#000000">$ </font></div></td>
<td width="43"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(9,614)</font></div></td>
<td width="18"><div> </div></td>
<td width="20"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="18"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td>
<td width="30"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(9,089</font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td>
<td width="15"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td>
<td width="43"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(19,226</font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="2" color="#000000">)</font></div></td>
<td width="20"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="2" color="#000000"> $</font></div></td>
<td width="35"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(18,070</font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td>
</tr>
<tr>
<td width="376" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Write-off of intangible asset</font></div></td>
<td width="16"><div> </div></td>
<td width="18"><div> </div></td>
<td width="43"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(3,205</font></div></td>
<td width="18"><div><font style="font-face: Times New Roman" size="2" color="#000000">)</font></div></td>
<td width="20"><div> </div></td>
<td width="18"><div> </div></td>
<td width="30"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">-</font></div></td>
<td width="9"><div> </div></td>
<td width="15"><div> </div></td>
<td width="16"><div> </div></td>
<td width="43"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(3,205</font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="2" color="#000000">)</font></div></td>
<td width="20"><div> </div></td>
<td width="16"><div> </div></td>
<td width="35"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">-</font></div></td>
<td width="9"><div> </div></td>
</tr>
<tr>
<td width="376" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>Total</b></font></div></td>
<td width="16" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td>
<td width="18" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td>
<td width="43" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>(12,819)</b></font></div></td>
<td width="18" bgcolor="#cceeff"><div> </div></td>
<td width="20" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="18" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td>
<td width="30" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>(9,089</b></font></div></td>
<td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>) </b></font></div></td>
<td width="15" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="16" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td>
<td width="43" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>(22,431</b></font></div></td>
<td width="16" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>)</b></font></div></td>
<td width="20" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="16" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b> $</b></font></div></td>
<td width="35" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>(18,070</b></font></div></td>
<td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>) </b></font></div></td>
</tr>
<tr>
<td width="376" height="4"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="1" color="#000000">  </font></div></td>
<td width="18"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="43"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="18"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="20"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="18"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="30"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="15"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="43"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="20"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="16"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="35"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
<td width="9"><div><font style="font-face: Times New Roman" size="1" color="#000000"> </font></div></td>
</tr>
</table>
<div> </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">The aggregate amortization of the intangibles for the 12-month periods ended June 30 is estimated to be as follows:</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="408"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="23"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="15"><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="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
</tr>
<tr>
<td width="408" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>Year</b></font></div></td>
<td width="23"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td colspan="2" width="54"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Amount</b></font></div></td>
<td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
</tr>
<tr>
<td width="408" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">2014</font></div></td>
<td width="23" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="15" 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">33,706</font></div></td>
<td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
</tr>
<tr>
<td width="408" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">2015</font></div></td>
<td width="23"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="15"><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">22,758</font></div></td>
<td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
</tr>
<tr>
<td width="408" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">2016</font></div></td>
<td width="23" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="15" 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">18,262</font></div></td>
<td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
</tr>
<tr>
<td width="408" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">2017</font></div></td>
<td width="23"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="15"><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">17,526</font></div></td>
<td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
</tr>
<tr>
<td width="408" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">2018 and thereafter</font></div></td>
<td width="23" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="15" 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">45,796</font></div></td>
<td width="8" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
</tr>
<tr>
<td width="408" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
<td width="23"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="15"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>$</b></font></div></td>
<td width="39"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000"><b>138,048</b></font></div></td>
<td width="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"><b>  </b></font></div></td>
</tr>
<tr>
<td width="408" height="1"><div> </div></td>
<td width="23"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td>
<td width="15"><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="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td>
</tr>
</table>
<div><font style="font-face: Times New Roman" size="2" color="#000000">In relation to Navios Partners' new suspension agreement, entered into in June 2013, the amount of $3,205 of Navios Melodia favorable lease term that corresponded to the suspension period until April 2016 was written-off in the statement of income under the caption of Depreciation and amortization. </font></div>
<div><font style="font-face: Times New Roman" size="2" color="#000000">Intangible assets subject to amortization are amortized using straight line method over their estimated useful lives to their estimated residual value of zero. The weighted average useful lives are 7.7 years for favorable lease terms charter out.</font></div>falsefalsefalsenonnum:textBlockItemTypenaTabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 44
-Subparagraph a
-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.
false0falseINTANGIBLE ASSETSUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.navios-mlp.com/role/DisclosureIntangibleAssetsAndUnfavorableLeaseTerms12