Accrued expenses

12 Months Ended

Dec. 31, 2020

Accrued Expenses

Accrued expenses

NOTE 9 – ACCRUED EXPENSES

Accrued expenses as of December 31, 2020 and 2019 consisted of the following:

		December 31, 2020		December 31, 2019
Accrued voyage expenses	$	1,436	$	51
Accrued loan interest		1,738		3,285
Accrued legal and professional fees		1,607		2,651
Total accrued expenses	$	4,781	$	5,987

As of December 31, 2020 and December 31, 2019 the amount of $630 and $720, respectively, was included in accrued legal and professional fees that was authorized and approved by the Compensation Committee of Navios Partners in December 2020 and 2019 to the directors and officers of the Company, subject to fulfillment of certain service conditions that were provided and completed as of December 31, 2020, and as of December 31, 2019, respectively. The total amount of $4,970, $4,645 and $3,985 was recorded in general and administrative expenses in the statements of operations for the years ended December 31, 2020, 2019 and 2018, respectively, comprised of compensation authorized to the directors and officers of the Company.