Leases

12 Months Ended

Dec. 31, 2015

LEASES [Abstract]

Leases

NOTE 16 - LEASES

The future minimum contractual lease income (charter-out rates are presented net of commissions and assume no off -hires days) as of December 31, 2015, is as follows:

	Amount
2016	$	187,199
2017		157,484
2018		151,472
2019		122,315
2020		106,211
2021 and thereafter		318,716
	$	1,043,397