2.4.0.811200 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTStruefalsefalse1false falsefalseFYp0YTDhttp://www.sec.gov/CIK0001415921duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_FairValueDisclosuresAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]2false 2us-gaap_FairValueDisclosuresTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div><font style="font-face: Times New Roman" size="2" color="#000000"><b>NOTE 8 - FAIR VALUE OF FINANCIAL INSTRUMENTS</b></font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000"><b></b>The carrying value amounts of many of Navios Partners' financial instruments, including cash and cash equivalents, restricted cash, accounts receivable and accounts payable and amounts due to related parties approximate their fair value due primarily to the short-term maturity of the related instruments.</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000">The following methods and assumptions were used to estimate the fair value of each class of financial instrument:</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000"><b>Cash and cash equivalents:</b> The carrying amounts reported in the consolidated balance sheets for interest bearing deposits approximate their fair value because of the short maturity of these investments.</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000"><b>Borrowings:</b> The carrying amount of the floating rate loans approximates its fair value.</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000">The estimated fair values of the Navios Partners' financial instruments are 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="271"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="19"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="41"><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="20"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="41"><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="19"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="41"><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="20"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="41"><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="271" height="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="19"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td colspan="6" width="140"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>June 30, 2013</b></font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="19"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td colspan="6" width="141"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>December 31, 2012</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="271" height="8"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="19"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td colspan="2" width="55"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Book Value</b></font></div></td> <td width="9"><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 colspan="2" width="55"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Fair Value</b></font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="19"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td colspan="2" width="55"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Book Value</b></font></div></td> <td width="9"><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 colspan="2" width="55"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Fair 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="271" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Cash and cash equivalents</font></div></td> <td width="19" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="14" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">62,349</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="20" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">62,349</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="19" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">32,132</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="20" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">32,132</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> </tr> <tr> <td width="271" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Restricted cash</font></div></td> <td width="19"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">99,009</font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="20"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">99,009</font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="19"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">29,529</font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="20"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">29,529</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="271" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Accounts receivable, net</font></div></td> <td width="19" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="14" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">22,506</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="20" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">22,506</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="19" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">7,778</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="20" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">7,778</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> </tr> <tr> <td width="271" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Accounts payable</font></div></td> <td width="19"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(2,359</font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="20"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(2,359</font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="19"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(2,090</font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="20"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(2,090</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="271" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Amounts due to related parties</font></div></td> <td width="19" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="14" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(14,925</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="20" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(14,925</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="19" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(21,748</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="20" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(21,748</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> </tr> <tr> <td width="271" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Long-term debt</font></div></td> <td width="19"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(345,031</font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="20"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(345,031</font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="19"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(299,709</font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="20"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="14"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(299,709</font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> </tr> </table> <div> </div> <div><font style="font-face: Times New Roman" size="2" color="#000000"><b>Fair Value Measurements</b></font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000"><b></b>The estimated fair value of our financial instruments that are not measured at fair value on a recurring basis, categorized based upon the fair value hierarchy, are as follows:</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000">Level I: Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets that we have the ability to access. Valuation of these items does not entail a significant amount of judgment.</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000">Level II : Inputs other than quoted prices included in Level I that are observable for the asset or liability through corroboration with market data at the measurement date.</font></div> <div><font style="font-face: Times New Roman" size="2" color="#000000">Level III: Inputs that are unobservable. The Company did not use any Level 3 inputs as of June 30, 2013.</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="347"><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="11"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="41"><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="16"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="11"><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="16"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="11"><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="9"><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="5"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="347" height="8"><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 colspan="14" width="299"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Fair Value Measurements at June 30, 2013 Using</b></font></div></td> <td width="5"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="347" height="8"><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 colspan="2" width="52"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Total</b></font></div></td> <td width="9"><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 colspan="2" width="54"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Level I</b></font></div></td> <td width="8"><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 colspan="2" width="54"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Level II</b></font></div></td> <td width="9"><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 colspan="2" width="61"><div align="center"><font style="font-face: Times New Roman" size="2" color="#000000"><b>Level III</b></font></div></td> <td width="5"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="347" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Cash and cash equivalents</font></div></td> <td width="16" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="11" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">62,349</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="16" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="11" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="43" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">62,349</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="16" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="11" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="43" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">-  </font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="16" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="18" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="43" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">-  </font></div></td> <td width="5" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="347" height="10"><div><font style="font-face: Times New Roman" size="2" color="#000000">Restricted cash</font></div></td> <td width="16"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="11"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">99,009</font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="16"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="11"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="43"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">99,009</font></div></td> <td width="8"><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="11"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="43"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">-  </font></div></td> <td width="9"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="16"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="18"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="43"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">-  </font></div></td> <td width="5"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> <tr> <td width="347" height="10" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">Long-term debt<sup>(1)</sup></font></div></td> <td width="16" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="11" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="41" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(345,031</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="16" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="11" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="43" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">-  </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="16" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">  </font></div></td> <td width="11" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="43" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">(345,031</font></div></td> <td width="9" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">) </font></div></td> <td width="16" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> <td width="18" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000">$</font></div></td> <td width="43" bgcolor="#cceeff"><div align="right"><font style="font-face: Times New Roman" size="2" color="#000000">-  </font></div></td> <td width="5" bgcolor="#cceeff"><div><font style="font-face: Times New Roman" size="2" color="#000000"> </font></div></td> </tr> </table> <div> </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="25" height="25"><div><font style="font-face: Times New Roman" size="2" color="#000000">(1)</font></div></td> <td width="616"><div><font style="font-face: Times New Roman" size="2" color="#000000">The fair value of the Company's debt is estimated based currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account our creditworthiness.</font></div></td> </tr> </table> <div></div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15A -Subparagraph a-d -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 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15C, 15D -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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 3, 10, 14, 15 -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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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 17-22, 27, 28 -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. false0FAIR VALUE OF FINANCIAL INSTRUMENTSfalseFAIR VALUE OF FINANCIAL INSTRUMENTSUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.navios-mlp.com/role/DisclosureFairValueOfFinancialInstruments12