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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Significant Accounting Policies - Entities included in consolidation

The accompanying consolidated financial statements include the following entities:

Statements of Operations

Company name Vessel name Country of incorporation 2020 2019 2018

Libra Shipping Enterprises Corporation⁽¹⁾ Navios Libra II Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Alegria Shipping Corporation Navios Alegria Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Felicity Shipping Corporation⁽²⁾ Navios Felicity Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Gemini Shipping Corporation⁽³⁾ Navios Gemini S Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Galaxy Shipping Corporation⁽⁴⁾ Navios Galaxy I Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Aurora Shipping Enterprises Ltd. Navios Hope Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Palermo Shipping S.A.⁽⁵⁾ Navios Apollon Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Fantastiks Shipping Corporation⁽¹³⁾ Navios Fantastiks Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Sagittarius Shipping Corporation⁽¹³⁾ Navios Sagittarius Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Hyperion Enterprises Inc. Navios Hyperion Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Chilali Corp. Navios Aurora II Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Surf Maritime Co. Navios Pollux Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Pandora Marine Inc. Navios Melodia Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Customized Development S.A. Navios Fulvia Liberia 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Kohylia Shipmanagement S.A. Navios Luz Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Orbiter Shipping Corp. Navios Orbiter Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Floral Marine Ltd. Navios Buena Ventura Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Golem Navigation Limited⁽¹⁶⁾ Navios Soleil Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Kymata Shipping Co. Navios Helios Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Joy Shipping Corporation Navios Joy Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Micaela Shipping Corporation Navios Harmony Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Pearl Shipping Corporation Navios Sun Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Velvet Shipping Corporation Navios La Paix Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Perigiali Navigation Limited⁽¹³⁾ Navios Beaufiks Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Finian Navigation Co. ⁽¹³⁾ Navios Ace Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Ammos Shipping Corp. Navios Prosperity I Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Wave Shipping Corp. Navios Libertas Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Casual Shipholding Co. ⁽¹³⁾ Navios Sol Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Avery Shipping Company Navios Symphony Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Coasters Ventures Ltd. Navios Christine B Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Ianthe Maritime S.A. Navios Aster Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Rubina Shipping Corporation Hyundai Hongkong Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Topaz Shipping Corporation Hyundai Singapore Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Beryl Shipping Corporation Hyundai Tokyo Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Cheryl Shipping Corporation Hyundai Shanghai Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Christal Shipping Corporation Hyundai Busan Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Fairy Shipping Corporation⁽⁶⁾ YM Utmost Marshall Is. — —    1/01 – 7/02

Limestone Shipping Corporation⁽⁶⁾ YM Unity Marshall Is. — —    1/01 – 7/02

Dune Shipping Corp.⁽⁷⁾ MSC Cristina Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Citrine Shipping Corporation — Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Cavalli Navigation Inc. — Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Seymour Trading Limited Navios Altair I Marshall Is. 1/01 – 12/31 1/01 – 12/31 6/07 – 12/31

Goldie Services Company Navios Symmetry Marshall Is. 1/01 – 12/31 1/01 – 12/31 5/21 – 12/31

Andromeda Shiptrade Limited Navios Apollon I Marshall Is. 1/01 – 12/31 1/01 – 12/31 5/09 – 12/31

Esmeralda Shipping Corporation Navios Sphera Marshall Is. 1/01 – 12/31 1/01 – 12/31 8/31 – 12/31

Triangle Shipping Corporation Navios Mars Marshall Is. 1/01 – 12/31 1/01 – 12/31 8/31 – 12/31

Oceanus Shipping Corporation⁽⁸⁾ Castor N Marshall Is. 1/01 – 12/31 12/13 – 12/31 —

Cronus Shipping Corporation⁽⁸⁾ Protostar N Marshall Is. 1/01 – 12/31 12/13 – 12/31 —

Leto Shipping Corporation⁽⁸⁾ Esperanza N Marshall Is. 1/01 – 12/31 12/13 – 12/31 —

Dionysus Shipping Corporation⁽⁸⁾ Harmony N Marshall Is. 1/01 – 12/31 12/13 – 12/31 —

Prometheus Shipping Corporation⁽⁸⁾ Solar N Marshall Is. 1/01 – 12/31 12/13 – 12/31 —

Camelia Shipping Inc.⁽⁹⁾ Navios Camelia Marshall Is. 1/01 – 12/31 12/16 – 12/31 —

Anthos Shipping Inc.⁽⁹⁾ Navios Anthos Marshall Is. 1/01 – 12/31 12/16 – 12/31 —

Azalea Shipping Inc.⁽⁹⁾ Navios Azalea Marshall Is. 1/01 – 12/31 12/16 – 12/31 —

Amaryllis Shipping Inc.⁽⁹⁾ Navios Amaryllis Marshall Is. 1/01 – 12/31 12/16 – 12/31 —

Zaffre Shipping Corporation⁽¹⁴⁾ Serenitas N Marshall Is. 6/29 – 12/31 — —

Wenge Shipping Corporation⁽¹⁴⁾ Joie N Marshall Is. 6/29 – 12/31 — —

Sunstone Shipping Corporation⁽¹⁴⁾ Copernicus N Marshall Is. 6/29 – 12/31 — —

Fandango Shipping Corporation⁽¹⁴⁾ Unity N Marshall Is. 6/29 – 12/31 — —

Flavescent Shipping Corporation⁽¹⁴⁾ Odysseus N Marshall Is. 6/29 – 12/31 — —

Emery Shipping Corporation⁽¹⁵⁾ Navios Gem Marshall Is. 9/30 – 12/31 — —

Rondine Management Inc. ⁽¹⁵⁾ Navios Victory Marshall Is. 9/30 – 12/31 — —

Bareboat Chartered-in vessels

Cavos Navigation Co.⁽¹⁰⁾ Navios Libra Marshall Is. 1/01 – 12/31 1/01 – 12/31   1/01 – 12/31

Perivoia Shipmanagement Co.⁽¹¹⁾ Navios TBN1 Marshall Is. 1/01 – 12/31 9/25 – 12/31 —

Pleione Management Limited⁽¹¹⁾ Navios TBN2 Marshall Is. 1/01 – 12/31 9/25 – 12/31 —

Other

Prosperity Shipping Corporation — Marshall Is. — — —

Aldebaran Shipping Corporation — Marshall Is. — — —

JTC Shipping and Trading Ltd.⁽¹²⁾ Holding Company Malta 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Navios Maritime Partners L.P. N/A Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Navios Maritime Operating LLC. N/A Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Navios Partners Finance (US) Inc. Co-Borrower Delaware 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

Navios Partners Europe Finance Inc. Sub-Holding Company Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31

(1) The vessel was sold on December 14, 2018 (see Note 6 – Vessels, net).

(2) The vessel was sold on December 4, 2018 (see Note 6 – Vessels, net).

(3) The vessel was sold on December 21, 2017.

(4) The vessel was sold on April 23, 2019 (see Note 6 – Vessels, net).

(5) The vessel was sold on April 21, 2017.

(6) The vessels were sold on July 2, 2018 (see Note 6 – Vessels, net).

(7) The vessel was sold on January 12, 2017.

(8) The vessels were acquired on December 13, 2019, following the liquidation of Navios Europe I (see Note 6 – Vessels, net).

(9) The vessels were acquired on December 16, 2019 (see Note 6 – Vessels, net).

(10) The vessel was delivered on July 24, 2019 (see Note 22 – Leases).

(11) The vessels are expected to be delivered by the first half of 2021 (see Note 15 – Commitments and Contingencies).

(12) Not a vessel-owning subsidiary and only holds right to charter-in contracts.

(13) Vessels under a sale and leaseback transaction (see Note 22 – Leases).

(14) The vessels were acquired on June 29, 2020, following the liquidation of Navios Europe II (see Note 6– Vessels, net).

(15) The vessels were acquired on September 30, 2020, from Navios Holdings (see Note 6 – Vessels, net).

(16) The vessel was sold on December 10, 2020 (see Note 6 – Vessels, net).