XML 49 R31.htm IDEA: XBRL DOCUMENT v3.19.1
Other Expense
12 Months Ended
Dec. 31, 2018
Other Expense [Abstract]  
Other Expense

NOTE 23 – OTHER EXPENSE

As of December 31, 2018, the amount of $2,000 related to the write down of the guarantee claim receivable is included under the caption “Other expense” of the Consolidated Statements of Operations.

As of December 31, 2018, the amount of $777 related to the discount of the Navios Holdings Guarantee is included under the caption “Other expense” of the Consolidated Statements of Operations.

As of December 31, 2017, the amount of $1,495 relating to an allowance for doubtful accounts is included in under the caption “Other expense” of the Consolidated Statements of Operations.

On January 12, 2017, Navios Partners sold the MSC Cristina, which was classified as held for sale as of December 31, 2016, to an unrelated third party. The carrying value of the vessel was $125,000 and sale proceeds less costs to sell totaled $123,740. As of December 31, 2017, a loss of $1,260 had been recognized under the caption “Other expense” of the Consolidated Statements of Operations.