Vessels, Net

6 Months Ended

Jun. 30, 2015

VESSELS, NET [Abstract]

VESSELS, NET

NOTE 4 — VESSELS, NET

Vessels	Cost		Accumulated Depreciation			Net Book Value
Balance December 31, 2013	$	1,194,603	$	(168,450	)	$	1,026,153
Additions		163,745		(50,472	)		113,273
Balance December 31, 2014	$	1,358,348	$	(218,922	)	$	1,139,426
Additions		147,840		(27,834	)		120,006
Balance June 30, 2015	$	1,506,188	$	(246,756	)	$	1,259,432

On April 22, 2015, Navios Partners acquired from an unrelated third party the MSC Christina, a 2011 South Korean-built Container vessel of 13,100 TEU, for an acquisition cost of $147,840, of which $14,802 was transferred from vessel deposits. The acquisition was financed through existing cash and bank debt.

On October 28, 2014, Navios Partners acquired from an unrelated third party the YM Unity, a 2006-built Container vessel of 8,204 TEU, for an acquisition cost of $59,095.

On August 29, 2014, Navios Partners acquired from an unrelated third party the YM Utmost, a 2006-built Container vessel of 8,204 TEU, for an acquisition cost of $59,092.

On January 18, 2014, Navios Partners acquired from an unrelated third party the Navios Sun, a 2005-built Panamax vessel of 76,619 dwt, for an acquisition cost of $16,176, of which $1,583 was transferred from vessel deposits.

On January 7, 2014, Navios Partners acquired from an unrelated third party the Navios La Paix, a 2014-built Ultra-Handymax vessel of 61,485 dwt, for an acquisition cost of $28,478, of which $5,688 was transferred from vessel deposits.