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(“Navios Partners” or the “Company”), is an international owner and operator of dry cargo vessels, formed on <span title="Formation date"> <span id="xdx_903_eus-gaap--LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate_dd_c20200101__20201231_zgia03sae9E9" title="Formation date">August 7, 2007</span></span> under the laws of the Republic of the Marshall Islands. <span id="xdx_906_eus-gaap--LimitedLiabilityCompanyOrLimitedPartnershipManagingMemberOrGeneralPartnerName_c20200101__20201231_zlpqp0ZpeFV3" title="General partner, Name">Navios GP L.L.C.</span>, a wholly owned subsidiary of Navios Maritime Holdings Inc. (“Navios Holdings”), was also formed on that date to act as the general partner of Navios Partners. Currently, the Company’s general partner is Olympos Maritime Ltd. (the “General Partner”) and holds a <span id="xdx_909_eus-gaap--LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_uPure_c20200101__20201231__srt--OwnershipAxis__custom--OlymposMaritimeLtdMember_zL8YuUiTvF23" title="Navios Holdings' general partner interest in Navios Partners">2.1%</span> general partner interest in Navios Partners.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify">Navios Partners is engaged in the seaborne transportation services of a wide range of dry cargo commodities including iron ore, coal, grain, fertilizer and also containers, chartering its vessels under medium to longer-term charters. The operations of Navios Partners are managed by Navios Shipmanagement Inc., (the “Manager”), from its offices in Piraeus, Greece, Singapore and Monaco.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify">Pursuant to the initial public offering (“IPO”) on <span id="xdx_90D_ecustom--DateInitialPublicOffering_c20200101__20201231_zmiWK515RfS8" title="Date of Initial Public Offering">November 16, 2007</span>, Navios Partners entered into the following agreements:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify">(a) a management agreement with the Manager (the “Management Agreement”), pursuant to which the Manager provides Navios Partners commercial and technical management services;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify">(b) an administrative services agreement with the Manager (the “Administrative Services Agreement”), pursuant to which the Manager provides Navios Partners administrative services; and</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify">(c) an omnibus agreement with Navios Holdings (the “Omnibus Agreement”), governing, among other things, when Navios Partners and Navios Holdings may compete against each other as well as rights of first offer on certain drybulk carriers.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">In August 2019, Navios Holdings announced that it sold certain assets, including its ship management division and the general partnership interest in Navios Partners to N Shipmanagement Acquisition Corp. and related entities, affiliated with the Company’s Chairman and Chief Executive Officer.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">As of December 31, 2020, there were <span id="xdx_908_eus-gaap--LimitedPartnersCapitalAccountUnitsOutstanding_iI_uShares_c20201231_zuzpHnNr2Arg" title="Common units outstanding">11,345,187</span> outstanding common units and <span id="xdx_900_eus-gaap--GeneralPartnersCapitalAccountUnitsOutstanding_iI_pip0_uShares_c20201231_zU7comK5OK6k" title="General partner units outstanding">237,822</span> general partnership units. As of December 31, 2020, Navios Holdings owned an <span id="xdx_90D_eus-gaap--LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_c20200101__20201231__srt--OwnershipAxis__custom--NaviosHoldingsIMember_zslugW4ZiTtf" title="Ownership percentage of Navios Holdings">18.2%</span> common unit interest in Navios Partners and the General Partner owned a 2.1% general partner interest in Navios Partners.</p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> 2007-08-07 Navios GP L.L.C. 0.021 2007-11-16 11345187 237822 0.182 <p id="xdx_807_eus-gaap--BasisOfPresentationAndSignificantAccountingPoliciesTextBlock_zbFRZfiN2Nuj" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 2 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0"><span style="font-family: Times New Roman, Times, Serif"><b> <span id="xdx_824_zMCdzCkrRiQf">Summary of Significant Accounting Policies</span></b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0"><span style="font-family: Times New Roman, Times, Serif"><b/></span></p> <p id="xdx_842_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zYImtnKuckH" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <b><i>(a)</i></b> <b><i><span id="xdx_861_zKwLVNjYYMdi">Basis of presentation</span></i>:</b> The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">As of December 31, 2020, Navios Partners’ current assets totaled $<span id="xdx_90A_eus-gaap--AssetsCurrent_iI_pn3n3_c20201231_zJLD4uAfvGO9">60,780</span>, while current liabilities totaled $<span id="xdx_90F_eus-gaap--LiabilitiesCurrent_iI_pn3n3_c20201231_ztgANn4xLbU5">253,252</span>, resulting in a negative working capital position of $<span id="xdx_906_ecustom--WorkingCapitalDeficit_iI_pn3n3_c20201231_zZfgHotRiIFb">192,472</span>, primarily related to balloon payments totaling $<span id="xdx_906_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231_zns2brtbQSU9">131,547</span> due under its credit facilities in the second and third quarters of 2021 (see Note 10 — Borrowings). During the first quarter of 2021, Navios Partners sold four vessels for approximately $<span id="xdx_90D_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20210101__20210331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FourVesselsMember_zwnZLGn7XmL">32,692</span>. Part of the proceeds where used to settle respective upcoming balloon payments due in June 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">In addition, Navios Partners is currently in advanced discussions with a commercial bank for a new credit facility of up to $<span id="xdx_905_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20210331__srt--StatementScenarioAxis__srt--ScenarioForecastMember__us-gaap--LongtermDebtTypeAxis__custom--NewCreditFacilityMember_zNq3etofB3Fb">115,000</span> for the refinancing of its existing facility maturing in August 2021. The new facility is expected to mature in the second quarter of 2025 and bears interest at <span id="xdx_90E_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20210101__20210331__us-gaap--LongtermDebtTypeAxis__custom--NewCreditFacilityMember__srt--StatementScenarioAxis__srt--ScenarioForecastMember_zsw5SpRq850i">LIBOR</span> plus <span id="xdx_906_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_c20210101__20210331__us-gaap--LongtermDebtTypeAxis__custom--NewCreditFacilityMember__srt--StatementScenarioAxis__srt--ScenarioForecastMember_zqyIKcITk9Vl">3%</span> per annum. This transaction is expected to close in the second quarter of 2021, however it cannot be certain that a <span style="background-color: white">d</span>efinitive agreement will be executed or that the refinancing will be consummated in whole or in part. The Company’s vessels have an aggregate fair value significantly in excess of the outstanding debt which supports Managements’ expectations that it is probable that the Company will be able to repay the above balloon payments either through refinancing with existing or new commercial banks and other financial institutions or sale of the vessels. Furthermore, the Company has a history of successfully refinancing its existing debt requirements and sourcing new funding. Navios Partners’ cash forecast indicates that it will generate sufficient cash to make the required principal and interest payments on its indebtedness (excluding the balloon payments), provide for the normal working capital requirements of the business for a period of at least 12 months from the date of issuance of these consolidated financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing its financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0"><b>Reverse Stock Split: </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify">On April 25, 2019, the Company's unitholders approved a <span id="xdx_90C_eus-gaap--StockholdersEquityReverseStockSplit_c20190101__20190521__us-gaap--ConversionOfStockByUniqueDescriptionAxis__custom--ReverseStockSplitMember_zpjmlXVKSm5h">1-for-15</span> reverse stock split of the Company's outstanding common and general partner units, which was effected on May 21, 2019. The effect of the reverse stock split was to combine each 15 shares of outstanding units into one new share, with no change in authorized shares or per value per share, and to reduce the number of common units outstanding from approximately <span id="xdx_904_eus-gaap--CommonStockSharesOutstanding_iI_pn1n6_c20190521__us-gaap--ConversionOfStockByUniqueDescriptionAxis__custom--ReverseStockSplitMember_zaabBo20edi6" title="Common units outstanding">164.7</span> million units to approximately <span id="xdx_907_eus-gaap--StockIssuedDuringPeriodSharesReverseStockSplits_pp0n6_c20190101__20190521__srt--StatementScenarioAxis__custom--AfterReverseStockSplitMember__us-gaap--ConversionOfStockByUniqueDescriptionAxis__custom--ReverseStockSplitMember_zCY6iKTO3I7b" title="Stock Issued During Period, Shares, Reverse Stock Splits">11.0</span> million units. <span id="xdx_909_eus-gaap--StockIssuedDuringPeriodSharesStockSplits_pp0p0_c20190101__20190521__us-gaap--ConversionOfStockByUniqueDescriptionAxis__custom--ReverseStockSplitMember_zMS5vP1Hvvqd" title="Stock Issued during period, stock splits">983</span> common units were issued in connection with the reverse stock split. All issued and outstanding common units contained in the financial statements, in accordance with Staff Accounting Bulletin Topic 4C, have been retroactively adjusted to reflect the reverse split for all periods presented.</p> <p id="xdx_859_zaCjPMDJviM2" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify"/> <p id="xdx_84B_eus-gaap--ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy_zyQfnMcZQquf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <b><i>(b)</i></b> <b><i> <span id="xdx_861_zvt10ctr3gLa">Principles of consolidation</span>: </i></b>The accompanying consolidated financial statements include Navios Partners' wholly owned subsidiaries incorporated under the laws of Marshall Islands, Malta, and Liberia from their dates of incorporation or, for chartered-in vessels, from the dates charter-in agreements were in effect. All significant inter-company balances and transactions have been eliminated in Navios Partners' consolidated financial statements.</p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Navios Partners also consolidates entities that are determined to be variable interest entities (“VIE”) as defined in the accounting guidance, if it determines that it is the primary beneficiary. A VIE is defined as a legal entity where either (i) equity interest holders as a group lack the characteristics of a controlling financial interest, including decision making ability and an interest in the entity's residual risks and rewards, (ii) the equity holders have not provided sufficient equity investment to permit the entity to finance its activities without additional subordinated financial support, or (iii) the voting rights of some investors are not proportional to their obligations to absorb the expected losses of the entity, their rights to receive the expected residual returns of the entity, or both and substantially all of the entity's activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Subsidiaries:</i></b> Subsidiaries are those entities in which Navios Partners has an interest of more than one half of the voting rights or otherwise has power to govern the financial and operating policies of the entity.</p> <p id="xdx_89A_ecustom--EntitiesIncludedInConsolidationTableTextBlock_zxEAgZxsjni1" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><b>The accompanying consolidated financial statements include the following entities:</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><b/><span id="xdx_8B7_zAtMeUP7wZie" style="display: none">Summary of Significant Accounting Policies - Entities included in consolidation</span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom"> </td> <td id="xdx_484_ecustom--EntityVesselName_zEhnrXdp7aXf" style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center; padding-left: 0pt; vertical-align: bottom"> </td> <td id="xdx_488_ecustom--EntityIncorporationCountryName_zUwqrYpqLi6f" style="font-weight: bold; vertical-align: middle"> </td> <td id="xdx_486_ecustom--StatementOfOperationsCurrentYear_znhaKc205B" style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_489_ecustom--StatementOfOperationsPreviousYear_zpRtAAX8e3P6" style="font-weight: bold; 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text-align: center; width: 12%">2018</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--LibraShippingEnterprisesCorporationMember_z0osGOiSYyGj" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F4B_zHHyXnRAyPXc" style="padding-left: 12px; text-align: left">Libra Shipping Enterprises Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Libra II</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 <span style="font: normal 400 10pt Times New Roman, Times, Serif">–</span> <span style="font: normal 400 8pt Times New Roman, Times, Serif">12/31</span></td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--AlegriaShippingCorporationMember_zUUwilXIBYXc" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Alegria Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Alegria</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 <span style="font: normal 400 10pt Times New Roman, Times, Serif">–</span> <span style="font: normal 400 8pt Times New Roman, Times, Serif">12/31</span></td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--FelicityShippingCorporationMember_zQqqfPReot4i" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F4A_zxmjYQYjfQM6" style="padding-left: 12px; text-align: left">Felicity Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽²⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Felicity</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--GeminiShippingCorporationMember_zj7iU5ZesnL" style="vertical-align: middle"> <td id="xdx_F41_zBNVvtzOOgi5" style="padding-left: 12px; text-align: left">Gemini Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Gemini S</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--GalaxyShippingCorporationMember_zcT1wuuTa6Mj" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F42_z2d0E0RDFSJe" style="padding-left: 12px; text-align: left">Galaxy Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁴⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Galaxy I</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--AuroraShippingEnterprisesLtdMember_znFrSPWXqVS8" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Aurora Shipping Enterprises Ltd.</td> <td style="padding-left: 0pt; text-align: center">Navios Hope</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--PalermoShippingSaMember_zx2jlXMGQDM1" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F4C_zF76NdthO9S7" style="padding-left: 12px; text-align: left">Palermo Shipping S.A.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁵⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Apollon</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--FantastiksShippingCorporationMember_zX0YshtsGaCl" style="vertical-align: middle"> <td id="xdx_F45_zMkA62rKIDW2" style="padding-left: 12px; text-align: left">Fantastiks Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Fantastiks</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--SagittariusShippingCorporationMember_z4SyDlVSzXy6" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F41_z4MvKFGN5Yub" style="padding-left: 12px; text-align: left">Sagittarius Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Sagittarius</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--HyperionEnterprisesIncMember_zeDIB7fD5DKj" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Hyperion Enterprises Inc.</td> <td style="padding-left: 0pt; text-align: center">Navios Hyperion</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--ChilaliCorpMember_z47LXvdqsq84" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Chilali Corp.</td> <td style="padding-left: 0pt; text-align: center">Navios Aurora II</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41B_20200101__20201231__dei--LegalEntityAxis__custom--SurfMaritimeCoMember_z8635o6drrk8" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Surf Maritime Co.</td> <td style="padding-left: 0pt; text-align: center">Navios Pollux</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--PandoraMarineIncMember_zZ4kzbn4kHsc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Pandora Marine Inc.</td> <td style="padding-left: 0pt; text-align: center">Navios Melodia</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--CustomizedDevelopmentSaMember_zlJ5bL0yxUm5" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Customized Development S.A.</td> <td style="padding-left: 0pt; text-align: center">Navios Fulvia</td> <td style="text-align: center">Liberia</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--KohyliaShipmanagementSaMember_z6iGwST5ACsk" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Kohylia Shipmanagement S.A.</td> <td style="padding-left: 0pt; text-align: center">Navios Luz</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--OrbiterShippingCorpMember_zLEWIxjK9je5" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Orbiter Shipping Corp.</td> <td style="padding-left: 0pt; text-align: center">Navios Orbiter</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--FloralMarineLtdMember_zZ18dhzNq1Oj" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Floral Marine Ltd.</td> <td style="padding-left: 0pt; text-align: center">Navios Buena Ventura</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--GolemNavigationLimitedMember_zQybgRRkeJMk" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Golem Navigation Limited<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁶⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Soleil</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--KymataShippingCoMember_z0a4bpMXfulk" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Kymata Shipping Co.</td> <td style="padding-left: 0pt; text-align: center">Navios Helios</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--JoyShippingCorporationMember_zMAAJO64XXG3" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Joy Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Joy</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--MicaelaShippingCorporationMember_zvPXL73yRTC3" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Micaela Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Harmony</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--PearlShippingCorporationMember_ziLJonU0hreg" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Pearl Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Sun</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--VelvetShippingCorporationMember_zr0Vg5sayP28" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Velvet Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios La Paix</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41B_20200101__20201231__dei--LegalEntityAxis__custom--PerigialiNavigationLimitedMember_zKnQsZ1acEU8" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Perigiali Navigation Limited<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Beaufiks</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--FinianNavigationCoMember_zkBPIlkI3fp3" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Finian Navigation Co. <span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Ace</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--AmmosShippingCorpMember_zrkwYNlQwoT5" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Ammos Shipping Corp.</td> <td style="padding-left: 0pt; text-align: center">Navios Prosperity I</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--WaveShippingCorpMember_zeEEt5MIvyEh" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Wave Shipping Corp.</td> <td style="padding-left: 0pt; text-align: center">Navios Libertas</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--CasualShipholdingCoMember_z4HAypI9hqsj" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Casual Shipholding Co. <span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Sol</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--AveryShippingCompanyMember_zNivkzr2fGGj" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Avery Shipping Company</td> <td style="padding-left: 0pt; text-align: center">Navios Symphony</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--CoastersVenturesLtdMember_zD5o15LkJi51" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Coasters Ventures Ltd.</td> <td style="padding-left: 0pt; text-align: center">Navios Christine B</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--IantheMaritimeSAMember_ztdLxVqo1M3a" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Ianthe Maritime S.A.</td> <td style="padding-left: 0pt; text-align: center">Navios Aster</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--RubinaShippingCorporationMember_zbZlYWdkoXti" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Rubina Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Hongkong</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--TopazShippingCorporationMember_zA2EFa8HSoM4" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Topaz Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Singapore</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--BerylShippingCorporationMember_zzBV8KJzEE3l" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Beryl Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Tokyo</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--CherylShippingCorporationMember_z7uh9SXc5Zlc" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Cheryl Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Shanghai</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--ChristalShippingCorporationMember_zl5Pa5QaDM5f" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Christal Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Busan</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--FairyShippingCorporationMember_zdR3DlRMNyZi" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Fairy Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁶⁾</span></td> <td style="padding-left: 0pt; text-align: center">YM Utmost</td> <td style="text-align: center">Marshall Is.</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="padding-right: 12px; text-align: center">   1/01 – 7/02</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--LimestoneShippingCorporationMember_zWLmFqNH0T4" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Limestone Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁶⁾</span></td> <td style="padding-left: 0pt; text-align: center">YM Unity</td> <td style="text-align: center">Marshall Is.</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="padding-right: 12px; text-align: center">   1/01 – 7/02</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--DuneShippingCorporationMember_zOqrUZgHzl9g" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Dune Shipping Corp.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁷⁾</span></td> <td style="padding-left: 0pt; text-align: center">MSC Cristina</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--CitrineShippingCorporationMember_zJDmKzAothsk" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Citrine Shipping Corporation</td> <td style="padding-left: 0pt; font-size: 10pt; text-align: center">—</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--CavalliNavigationIncMember_zTW7EdODrQUd" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Cavalli Navigation Inc.</td> <td style="padding-left: 0pt; font-size: 10pt; text-align: center">—</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--SeymourTradingLimitedMember_zyRAGUg9R4Td" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Seymour Trading Limited</td> <td style="padding-left: 0pt; text-align: center">Navios Altair I</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 6/07 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--GoldieServicesCompanyMember_zrDajokS1Ct8" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Goldie Services Company</td> <td style="padding-left: 0pt; text-align: center">Navios Symmetry</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 5/21 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--AndromedaShiptradeLimitedMember_z6lmfz5iqm6j" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Andromeda Shiptrade Limited</td> <td style="padding-left: 0pt; text-align: center">Navios Apollon I</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 5/09 – 12/31</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--EsmeraldaShippingCorporationMember_zKAcvwRbsK0c" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Esmeralda Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Sphera</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 8/31 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--TriangleShippingCorporationMember_zdxmV5ZAZRkc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Triangle Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Mars</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 8/31 – 12/31</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--OceanusShippingCorporationMember_zAryZohhiFl3" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Oceanus Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Castor N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--CronusShippingCorporationMember_z7iIUH7fQjQh" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Cronus Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Protostar N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--LetoShippingCorporationMember_zKJe7FE5gkE6" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Leto Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Esperanza N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--DionysusShippingCorporationMember_zjapsnyH8YJj" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Dionysus Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Harmony N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--PrometheusShippingCorporationMember_zCPu1OnIMw58" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Prometheus Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Solar N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--CameliaShippingIncMember_zDKceKSP46Xc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Camelia Shipping Inc.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Camelia</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/16 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--AnthosShippingIncMember_zANzdxq5Fed" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Anthos Shipping Inc.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Anthos</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/16 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--AzaleaShippingIncMember_zwPOqb2ZiiL" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Azalea Shipping Inc.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Azalea</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/16 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41D_20200101__20201231__dei--LegalEntityAxis__custom--AmaryllisShippingIncMember_zrq3fB7OI7P6" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Amaryllis Shipping Inc.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Amaryllis</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/16 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--ZaffreShippingMember_zQw1cykYPRYc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Zaffre Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾ </span></td> <td style="padding-left: 0pt; text-align: center">Serenitas N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--WengeShippingMember_zvz7vHtyTJp4" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Wenge Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾</span></td> <td style="padding-left: 0pt; text-align: center">Joie N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--SunstoneShippingMember_z0B4PKd4fGGc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Sunstone Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾ </span></td> <td style="padding-left: 0pt; text-align: center">Copernicus N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--FandangoShippingMember_zDeNBqzdDrBa" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Fandango Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾ </span></td> <td style="padding-left: 0pt; text-align: center">Unity N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--FlavescentShippingMember_zxnMwV4Jr8Oc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Flavescent Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾ </span></td> <td style="padding-left: 0pt; text-align: center">Odysseus N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--EmeryShippingCorporationMember_zO4NLlMTPwkj" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Emery Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁵⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Gem</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">9/30 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--RondineManagementIncMember_zdWO8N7pE5K6" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Rondine Management Inc. <span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁵⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Victory</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">9/30 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 12px; font-weight: bold; text-align: left">Bareboat Chartered-in vessels</td> <td style="padding-left: 10pt; text-align: center"> </td> <td style="padding-left: 12px; text-align: left"> </td> <td style="padding-right: 12px; text-align: center"> </td> <td style="padding-right: 12px; text-align: center"> </td> <td style="padding-left: 12px; text-align: center"> </td></tr> <tr id="xdx_410_20200101__20201231__dei--LegalEntityAxis__custom--CavosNavigationCoMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--BareboatCharteredInVesselsMember_z3oTDFZCZxPh" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Cavos Navigation Co.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁰⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Libra</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">  1/01 – 12/31</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--PerivoiaShipmanagementCoMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--BareboatCharteredInVesselsMember_zbf1n19G6uB6" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Perivoia Shipmanagement Co.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹¹⁾</span></td> <td style="padding-left: 0pt; text-align: center"> Navios TBN1</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">9/25 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--PleioneManagementLimitedMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--BareboatCharteredInVesselsMember_zj2ZgiScqMo8" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Pleione Management Limited<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹¹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios TBN2</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">9/25 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr> <td style="padding-left: 12px; font-weight: bold; vertical-align: middle; text-align: left">Other</td> <td style="padding-left: 10pt; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 12px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 12px; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 12px; vertical-align: middle; text-align: center"> </td> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center; padding-left: 12px; vertical-align: top"> </td></tr> <tr id="xdx_41B_20200101__20201231__dei--LegalEntityAxis__custom--ProsperityShippingCorporationMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zuHvmFagbGic" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Prosperity Shipping Corporation</td> <td style="padding-left: 0pt; font-size: 10pt; text-align: center">—</td> <td style="text-align: center">Marshall Is.</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--AldebaranShippingCorporationMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zzkORmLtgFhh" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Aldebaran Shipping Corporation</td> <td style="padding-left: 0pt; font-size: 10pt; text-align: center">—</td> <td style="text-align: center">Marshall Is.</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--JTCShippingTradingLtdMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zwMk3Nq2mMT9" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">JTC Shipping and Trading Ltd.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹²⁾</span></td> <td style="padding-left: 0pt; text-align: center">Holding Company</td> <td style="text-align: center">Malta</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--NaviosMaritimePartnersLpMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zWIvOaaH79N9" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Navios Maritime Partners L.P.</td> <td style="padding-left: 0pt; text-align: center">N/A</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--NaviosMaritimeOperatingLlcMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_z1VGm5m7hNWa" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Navios Maritime Operating LLC.</td> <td style="padding-left: 0pt; text-align: center">N/A</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--NaviosPartnersFinanceUSIncMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zrJ0pxODTrEg" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Navios Partners Finance (US) Inc.</td> <td style="padding-left: 0pt; text-align: center">Co-Borrower</td> <td style="text-align: center">Delaware</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--NaviosPartnersEuropeFinanceIncMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zw5Cp4ujjAag" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Navios Partners Europe Finance Inc.</td> <td style="padding-left: 0pt; text-align: center">Sub-Holding Company</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> </table> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"/> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; text-indent: -21.25pt; margin-right: 0; margin-bottom: 0; margin-left: 1cm"> </p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; text-indent: -21.25pt; margin-right: 0; margin-bottom: 0; margin-left: 1cm"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(1)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessel was sold on December 14, 2018 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td id="xdx_F07_zT1BkbQgH2x1" style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(2)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessel was sold on December 4, 2018 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(3<b>)</b></td> <td style="width: 5pt"/> <td style="text-align: justify">The vessel was sold on December 21, 2017.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(4)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessel was sold on April 23, 2019 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(5)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessel was sold on April 21, 2017.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(6)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessels were sold on July 2, 2018 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(7)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessel was sold on January 12, 2017.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(8)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessels were acquired on December 13, 2019, following the liquidation of Navios Europe I (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(9)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessels were acquired on December 16, 2019 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(10)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessel was delivered on July 24, 2019 (see Note 22 </span>– <span style="font-family: Times New Roman, Times, Serif">Leases).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(11)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessels are expected to be delivered by the first half of 2021 (see Note 15 </span>– <span style="font-family: Times New Roman, Times, Serif">Commitments and Contingencies).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(12)</td> <td style="width: 5pt"/> <td style="text-align: justify">Not a vessel-owning subsidiary and only holds right to charter-in contracts.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(13)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Vessels under a sale and leaseback transaction (see Note 22 </span>– <span style="font-family: Times New Roman, Times, Serif">Leases).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(14)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessels were acquired on June 29, 2020, following the liquidation of Navios Europe II (see Note 6– Vessels, net).</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(15)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessels were acquired on September 30, 2020, from Navios Holdings (see Note 6 – Vessels, net).</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(16)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessel was sold on December 10, 2020 (see Note 6 – Vessels, net).</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt"> </p> <p id="xdx_8A0_zZaSzcWXG1v8" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt"/> <p style="font: 10pt Times New Roman, Times, Serif; text-indent: -24.5pt; margin-top: 0; margin-right: 0; margin-left: 24.5pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify"><b><i/></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Investments in Affiliates:</i></b> Affiliates are entities over which the Company generally has between 20% and 50% of the voting rights, or over which the Company has significant influence, but it does not exercise control. Investments in these entities are accounted for under the equity method of accounting. Under this method, the Company records an investment in the stock of an affiliate at cost, and adjusts the carrying amount for its share of the earnings or losses of the affiliate subsequent to the date of investment and reports the recognized earnings or losses in income. Dividends received from an affiliate reduce the carrying amount of the investment. The Company recognizes gains and losses in earnings for the issuance of shares by its affiliates, provided that the issuance of such shares qualifies as a sale of such shares. When the Company's share of losses in an affiliate equals or exceeds its interest in the affiliate, the Company does not recognize further losses, unless the Company has incurred obligations or made payments on behalf of the affiliate.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify"><b><i>Affiliates included in the financial statements accounted for under the equity method:</i></b> In the consolidated financial statements of Navios Partners, the following entities are included as affiliates and are accounted for under the equity method for such periods: (i) Navios Containers and its subsidiaries with an ownership interest <span id="xdx_906_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_uPure_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zhHDCiLHFZFk" title="Ownership percentage">35.7%</span> as of December 31, 2020; (ii) Navios Europe I and its subsidiaries with an ownership interest of <span id="xdx_900_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_uPure_c20191213__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIMember_zcr27qLX53Qd">5%</span> through the date of its liquidation on December 13, 2019; and (iii) Navios Europe II and its subsidiaries with an ownership interest of <span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_uPure_c20200629__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIIMember_z5Vp2gYgcoB5">5%</span> through the date of its liquidation on June 29, 2020 <span style="background-color: white">(See Note 17 </span>— Transactions with related parties and affiliates <span style="background-color: white">and Note 19 </span>– Investment in affiliates<span style="background-color: white">)</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify">Navios Partners evaluates its investment in Navios Containers for other than temporary impairment (“OTTI”) on a quarterly basis. Consideration is given to: (i) the length of time and the extent to which the fair value has been less than the carrying value; (ii) the financial condition and near-term prospects of Navios Containers; and (iii) the intent and ability of the Company to retain its investment in Navios Containers, for a period of time sufficient to allow for any anticipated recovery in fair value (see Note 19 — <span style="background-color: white">Investment in affiliates</span>).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify"/> <p id="xdx_846_eus-gaap--UseOfEstimates_z4jH6jZy0QE3" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(c)</i></b>  <b><i><span id="xdx_863_zdOxbOY9pWp4">Use of Estimates</span>:</i></b> The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. On an on-going basis, management evaluates the estimates and judgments, including those related to uncompleted voyages, future drydock dates, the selection of useful lives for tangible assets and scrap value expected future cash flows from long-lived assets to support impairment tests, provisions necessary for accounts receivable, provisions for legal disputes, and contingencies and the valuation estimates inherent in the deconsolidation gain. Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates under different assumptions and/or conditions. As of December 31, 2020, the impact of the COVID-19 pandemic continues to unfold and may continue to affect the Company’s business, financial performance and the results of its operations, including due to decreased demand for global seaborne dry bulk and container trade and dry bulk and containership charter rates, the extent of which will depend largely on future developments. As a result, many of the Company’s estimates and assumptions required increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, its estimates may change in future periods.</p> <p id="xdx_843_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_ztoRifTFvc75" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(d)</i></b>  <b><i><span id="xdx_866_zZMU0ffDDJjd">Cash and Cash Equivalents</span>:</i></b> Cash and cash equivalents consist of cash on hand, deposits held on call with banks, and other short-term liquid investments with original maturities of three months or less.</p> <p id="xdx_845_eus-gaap--CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_zy1evSv0ZbO1" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(e)</i></b>  <b><i><span id="xdx_860_zgWas5FGoeYh">Restricted Cash</span></i>:</b> Restricted cash, at each of December 31, 2020 and December 31, 2019, included $<span id="xdx_903_eus-gaap--RestrictedCashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20201231__us-gaap--RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis__custom--RetentionAccountsRequiredByCreditFacilitiesMember_zi8j8LEjrM71">6,152</span> and $<span id="xdx_90E_eus-gaap--RestrictedCashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20191231__us-gaap--RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis__custom--RetentionAccountsRequiredByCreditFacilitiesMember_zocZNZAhZ6xe">7,048</span>, respectively, which related to amounts held in retention accounts in order to service debt and interest payments, as required by certain of Navios Partners' credit facilities. Also, as of December 31, 2020, restricted cash included $<span id="xdx_900_eus-gaap--CashCollateralForBorrowedSecurities_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_z24Nv6CBhiFg">5,273</span> as cash collateral to the NIBC Credit Facility, due to the release of the Navios Soleil.</p> <p id="xdx_84C_eus-gaap--ReceivablesPolicyTextBlock_zUhM2vHqkGS5" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(f)</i></b>  <span id="xdx_86A_zA2p7LfMnO09"><b><i>Accounts Receivable, Net</i></b></span><b><i>:</i></b> Accounts receivable includes receivables from charterers for hire, freight and demurrage billings. On January 1, 2020, the Company adopted Accounting Standards Update 2016-13, “Financial Instruments - Credit Losses” (“ASC 326”). At each balance sheet date, the Company maintains an allowance for credit losses for expected uncollectible accounts receivable. The amount shown as accounts receivable, net at each balance sheet date is net of an allowance for credit losses. . Navios Partners has filed claims for lost revenues in connection with the 2016 filing by Hanjin for rehabilitation, which was later followed by entry into liquidation in 2017. In October 2020, the bankruptcy court ruled against one of the two claims filed by the Company. The Company has fully provided for these amounts in its books. The allowance for credit losses as of December 31, 2020 and 2019 was $<span id="xdx_904_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iI_pn3n3_c20201231_zO02Lg6lLVEb">2,990</span> and $<span id="xdx_90D_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iI_pn3n3_c20191231_zku0qNCj6Qv1">1,495</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(g)</i></b>  <span id="xdx_86E_z0D1Us5PCIXe"><b><i>Inventories</i></b></span><b><i>: </i></b>Inventories, which are comprised of: (i) bunkers (when applicable) on board of the vessels, valued at cost as determined on the first-in, first-out basis; and (ii) lubricants and stock provisions on board of the vessels as of the balance sheet date, valued at cost as determined on the first-in, first-out basis.</p> <p id="xdx_849_eus-gaap--PropertyPlantAndEquipmentPolicyTextBlock_zFsPVRkZBShc" style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.4pt; text-align: justify; text-indent: -24.4pt"><b><i>(h)</i></b>  <b><i><span id="xdx_863_z5f5uki93Xp5">Vessels, Net</span>:</i></b> Vessels are stated at historical cost, which consists of the contract price and any material expenses incurred upon acquisition (improvements and delivery expenses). Vessels acquired in an asset acquisition or in a business combination are recorded at fair value. Subsequent expenditures for major improvements and upgrades are capitalized, provided they appreciably extend the life, increase the earnings capacity or improve the efficiency or safety of the vessels. The cost and related accumulated depreciation of assets retired or sold are removed from the accounts at the time of sale or retirement and any gain or loss is included in the accompanying Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">Expenditures for routine maintenance and repairs are expensed as incurred.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">Depreciation is computed using the <span id="xdx_902_eus-gaap--PropertyPlantAndEquipmentDepreciationMethods_c20200101__20201231_zJfm9E1KdFP" title="Depreciation method">straight line</span> method over the useful life of the vessels, after considering the estimated residual value. Management estimates the residual values of the Company’s drybulk and containerships based on a scrap value cost of steel times the weight of the ship noted in lightweight ton (“LWT”). Residual values are periodically reviewed and revised to recognize changes in conditions, new regulations or other reasons. Revisions of residual values affect the depreciable amount of the vessels and affects depreciation expense in the period of the revision and future periods. The management after considering current market trends for scrap rates and 10-year average historical scrap rates of the residual values of the Company's vessels, estimates scrap value at a rate of $<span id="xdx_90C_ecustom--ScrapValuePerLightWeightTon_c20200101__20201231_zFCQSUQ14Kv9" title="Scrap value per light weight ton">340</span> per LWT.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">Management estimates the useful life of the Company’s vessels to be <span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DrybulkVesselsMember_zlB5vfj8Rr27" title="Vessel useful life">25</span> and <span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainershipsMember_z1snmfnJTNzb">30</span> years from the drybulk and containership's original construction, respectively. However, when regulations place limitations over the ability of a vessel to trade on a worldwide basis, its useful life is re-estimated to end at the date such regulations become effective. An increase in the useful life of a vessel or in its residual value would have the effect of decreasing the annual depreciation charge and extending it into later periods. A decrease in the useful life of a vessel or in its residual value would have the effect of increasing the annual depreciation charge.</p> <p id="xdx_846_ecustom--VesselsHeldSalePolicyPolicyTextBlock_zizqqgDZPps2" style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(i)</i></b>  <b><i><span id="xdx_869_zKSe5hgsSQFa">Assets Held for Sale</span>:</i></b> It is the Company's policy to dispose of vessels and other fixed assets when suitable opportunities occur and not necessarily to keep them until the end of their useful life. The Company classifies assets and disposal groups as being held for sale when the following criteria are met: management has committed to a plan to sell the vessel (disposal group); the asset (disposal group) is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of vessels; an active program to locate a buyer and other actions required to complete the plan to sell the asset (disposal group) have been initiated; the sale of the asset (disposal group) is probable and transfer of the asset (disposal group) is expected to qualify for recognition as a completed sale within one year; the asset (disposal group) is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Long-lived assets or disposal groups classified as held for sale are measured at the lower of their carrying amount or fair value less cost to sell. These vessels are not depreciated once they meet the criteria to be held for sale. No assets were classified as held for sale as of December 31, 2020 and 2019.</p> <p id="xdx_846_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_zp0n7ZFynRMf" style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(j)</i></b>  <b><i><span id="xdx_860_zDQ4olq6c3Sj">Impairment of Long Lived Assets</span>:</i></b> Vessels, other fixed assets and other long lived assets held and used by Navios Partners are reviewed periodically for potential impairment whenever events or changes in circumstances indicate that the carrying amount of a particular asset may not be fully recoverable. Navios Partners' management evaluates the carrying amounts and periods over which long-lived assets are depreciated to determine if events or changes in circumstances have occurred that would require modification to their carrying values or useful lives. Measurement of the impairment loss is based on the fair value of the asset. Navios Partners determines the fair value of its assets on the basis of management estimates and assumptions by making use of available market data and taking into consideration third party valuations performed on an individual vessel basis. In evaluating useful lives and carrying values of long-lived assets, certain indicators of potential impairment, are reviewed such as undiscounted projected operating cash flows, vessel sales and purchases, business plans and overall market conditions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">Undiscounted projected net operating cash flows are determined for each asset group and compared to the carrying value of the vessel, the unamortized portion of deferred drydock and special survey costs related to the vessel and the related carrying value of the intangible assets with respect to the time charter agreement attached to that vessel or the carrying value of deposits for newbuildings. Within the shipping industry, vessels are customarily bought and sold with a charter attached. The value of the charter may be favorable or unfavorable when comparing the charter rate to then current market rates. The loss recognized either on impairment (or on disposition) will reflect the excess of carrying value over fair value (selling price) for the vessel asset group.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">During the fourth quarter of fiscal year 2020, the Company concluded that events occurred and circumstances had changed, which indicated that potential impairment of Navios Partners' long-lived assets may exist. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the Company’s future operations. As a result, an impairment assessment of long-lived assets (step one) was performed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">The Company determined the undiscounted projected net operating cash flows for each vessel and compared it to the vessels' carrying value together with the carrying value of deferred drydock and special survey costs related to the vessel and the carrying value of the related intangible assets, if applicable. The significant factors and assumptions the Company used in the undiscounted projected net operating cash flow analysis included: determining the projected net operating cash flows by considering the charter revenues from existing time charters for the fixed fleet days (Navios Partners' remaining charter agreement rates) and an estimated daily time charter equivalent for the unfixed days (based on a combination of one-year average historical time charter rates for the first year and ten-year average historical one-year time charter rates for the remaining period), over the remaining economic life of each vessel, net of brokerage and address commissions, and excluding days of scheduled off-hires, management fees as determined by the Management Agreement in effect until December 2024 and thereafter assuming an increase of <span id="xdx_90F_ecustom--EverySecondYearGrowthFactorManagementFees_iI_uPure_c20201231_z7f4xDwj0zl" title="Every second year rate of increase of management fees">3.0%</span> every second year and utilization rate of <span id="xdx_90B_ecustom--UtilizationRateOfFleet_uPure_c20200101__20201231_zNKCtSZXA5nf" title="Utilization rate of fleet">98.6%</span> based on the fleet's historical performance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">Where the undiscounted projected net operating cash flows do not exceed the carrying value of an asset group, management proceeded to perform step two of the impairment assessment. In step two of the impairment assessment, the Company determined fair value of its vessels through a combination of a discounted cash flow analysis utilizing market participant assumptions from available market data and third-party valuations from independent ship brokers performed on an individual vessel basis. The significant factors and assumptions used by management in determining fair value of vessels included those in developing the projected net operating cash flows over the remaining economic life of each vessel and the discount rate.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.5pt; text-align: justify">As of December 31, 2020, the Company’s assessment concluded that step two of the impairment analysis was required for certain of its vessels held and used, as the undiscounted projected net operating cash flows did not exceed the carrying value. As a result, the Company recorded an impairment loss of $<span id="xdx_902_eus-gaap--AssetImpairmentCharges_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FourVesselsMember_zieWnKllBwJ7" title="Impairment loss">50,991</span> for four of its vessels, being the difference between the fair value and the vessels’ carrying value together with the carrying value of deferred drydock and special survey costs related to the vessels, presented under the caption “Vessels impairment loss” in the Consolidated Statements of Operations (see Note 6 — Vessels, net).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.5pt; text-align: justify">As of December 31, 2019, the Company’s assessment concluded that step two of the impairment analysis was required for certain of its vessels held and used, as the undiscounted projected net operating cash flows did not exceed the carrying value. As a result, the Company recorded an impairment loss of $<span id="xdx_90F_eus-gaap--AssetImpairmentCharges_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OneVesselMember_ziPYZU6ZcRM7">29,335</span> for one vessel, being the difference between the fair value and the vessel's carrying value together with the carrying value of deferred drydock and special survey costs related to the vessel, presented under the caption “Vessels impairment loss” in the Consolidated Statements of Operations (see Note 6 — Vessels, net).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of December 31, 2018, the Company’s assessment concluded that step two of the impairment analysis was not required for its vessels held and used, as the undiscounted projected net operating cash flows exceeded the carrying value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of June 30, 2020, the Company concluded that events and circumstances triggered the existence of potential impairment of its containerships. These indicators included volatility in the charter market and market values for containerships. As a result, the Company performed step one of the impairment assessment of its containerships by comparing the undiscounted projected net operating cash flows for each vessel to its carrying value. As of June 30, 2020, the Company’s assessment concluded that step two of the impairment analysis was required for three containerships held and used, as the undiscounted projected net operating cash flows did not exceed the carrying value. As a result, the Company recorded an impairment loss of $<span id="xdx_901_eus-gaap--AssetImpairmentCharges_pn3n3_c20200101__20200630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ThreeContainershipsMember_zlhZVzjlNBNc">6,800</span> for these vessels, being the difference between the fair value and the vessels’ carrying value together with the carrying value of deferred drydock and special survey costs related to the vessels, presented under the caption “Vessels impairment loss” in the Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">During the years ended December 31, 2020, 2019 and 2018, an impairment loss of $<span id="xdx_906_eus-gaap--AssetImpairmentCharges_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSoleilEsperanzaNCastorNMember_z2leb8qCVrf8">13,786</span>, $<span id="xdx_90A_eus-gaap--AssetImpairmentCharges_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIMember_zz3sLebqLJ0e">7,345</span> and $<span id="xdx_906_eus-gaap--AssetImpairmentCharges_pn3n3_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--YMUnityYMUtmostNaviosFelicityNaviosLibraIIMember_zLBfoZYHqGUk">44,344</span>, respectively, was also recognized in connection with the committed sales of the Navios Soleil in December 2020, the Esperanza N in January 2021, the Castor N in February 2021, the Navios Galaxy in April 2019, the YM Unity and the YM Utmost in July 2018, the Navios Felicity and the Navios Libra II in December 2018, as the carrying amount of each asset group was not recoverable and exceeded its fair value less costs to sell (see Note 6 — Vessels, net).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The total impairment loss recognized amounted to $<span id="xdx_901_eus-gaap--AssetImpairmentCharges_pn3n3_c20200101__20201231_zTw0iTLhPKYi">71,577</span>, $<span id="xdx_906_eus-gaap--AssetImpairmentCharges_pn3n3_c20190101__20191231_zTDU1zokyqO8">36,680</span> and $<span id="xdx_906_eus-gaap--AssetImpairmentCharges_pn3n3_c20180101__20181231_zixr41mVQklk">44,344</span> for the years ended December 31, 2020, 2019 and 2018, respectively, and was presented under the caption “Vessels impairment loss” in the Consolidated Statements of Operations.</p> <p id="xdx_848_eus-gaap--DeferredChargesPolicyTextBlock_z2romH3hYG6j" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(k)</i></b>  <b><i><span id="xdx_86D_zkkIetRAsFcc">Deferred Drydock and Special Survey Costs</span>:</i></b> Navios Partners' vessels are subject to regularly scheduled drydocking and special surveys which are generally carried out every <span id="xdx_90A_ecustom--IntervalBetweenVesselDrydockingSpecialSurvey_dtM_c20200101__20201231__srt--RangeAxis__srt--MinimumMember_z91v6s8wKr39" title="Interval between vessel drydockings / special surveys">30</span> or <span id="xdx_905_ecustom--IntervalBetweenVesselDrydockingSpecialSurvey_dtM_c20200101__20201231__srt--RangeAxis__srt--MaximumMember_zZgjZ5KiT4B3">60</span> months, depending on the vessels' ages to coincide with the renewal of the related certificates issued by the classification societies, unless a further extension is obtained in rare cases and under certain conditions. The cost of drydocking and special surveys are deferred and amortized over the above periods or to the next drydocking or special survey date if such date has been determined.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Costs capitalized as part of the drydocking or special survey consist principally of the actual costs incurred at the yard, and expenses relating to spare parts, paints, lubricants and services incurred solely during the drydocking or special survey period. For the years ended December 31, 2020, 2019 and 2018, the amortization expense was $<span id="xdx_907_ecustom--AmortizationOfDeferredDrydockAndSpecialSurveyCosts_pn3n3_c20200101__20201231_zGamNs54fSV5" title="Amortization of deferred dry dock and special survey costs">10,337</span>, $<span id="xdx_907_ecustom--AmortizationOfDeferredDrydockAndSpecialSurveyCosts_pn3n3_c20190101__20191231_zYfZs8s3Ostl">6,916</span> and $<span id="xdx_903_ecustom--AmortizationOfDeferredDrydockAndSpecialSurveyCosts_pn3n3_c20180101__20181231_zz8qcD6uzmz4">6,180</span>, respectively.</p> <p id="xdx_845_eus-gaap--DebtPolicyTextBlock_zJ5KsWzbjr4k" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(l)</i></b>  <b><i><span id="xdx_864_zxdPLzgyh1ae">Deferred Finance Costs</span>:</i></b> Deferred finance costs include fees, commissions and legal expenses associated with obtaining or modifying credit facilities. Deferred finance costs are presented as a deduction from the corresponding liability. These costs are amortized over the life of the related facility using the effective interest rate method, and are presented under the caption “Interest expense and finance cost, net”. Amortization and write-off of deferred finance costs, including amortization of debt discount, for each of the years ended December 31, 2020, 2019 and 2018 were $<span id="xdx_90A_eus-gaap--AmortizationOfFinancingCostsAndDiscounts_pn3n3_c20200101__20201231_z9bR7C9uH2vk" title="Amortization and write-off of deferred financing cost and discount">2,141</span>, $<span id="xdx_906_eus-gaap--AmortizationOfFinancingCostsAndDiscounts_pn3n3_c20190101__20191231_zCJzL7eWWRqi">10,916</span> and $<span id="xdx_90C_eus-gaap--AmortizationOfFinancingCostsAndDiscounts_pn3n3_c20180101__20181231_zCbKYiZoSCNf">7,258</span>, respectively.  </p> <p id="xdx_844_ecustom--IntangibleAssetsLiabilitiesPolicyTextBlock_zpj7Cmy1zTw7" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(m)</i></b>  <b><i><span id="xdx_86C_zL4FoekgxdF2">Intangible Assets and Liabilities</span>:</i></b> Navios Partners' intangible assets and liabilities consist of favorable lease terms and unfavorable lease terms. When intangible assets or liabilities associated with the acquisition of a vessel are identified, they are recorded at fair value. Fair value is determined by reference to market data and the discounted amount of expected future cash flows. Where charter rates are higher than market charter rates, an asset is recorded, being the difference between the acquired charter rate and the market charter rate for an equivalent vessel. Where charter rates are less than market charter rates, a liability is recorded, being the difference between the assumed charter rate and the market charter rate for an equivalent vessel. The determination of the fair value of acquired assets and assumed liabilities requires Navios Partners to make significant assumptions and estimates of many variables including market charter rates, expected future charter rates, the level of utilization of its vessels and its weighted average cost-of capital (“WACC”). The use of different assumptions could result in a material change in the fair value of these items, which could have a material impact on Navios Partners' financial position and results of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The amortizable value of favorable and unfavorable leases is amortized over the remaining life of the lease term and the amortization expense is included under the caption “Depreciation and amortization” in the Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The amortizable value of favorable leases would be considered impaired if its carrying value could not be recovered from the future undiscounted cash flows associated with the asset. Management, after considering various indicators, performed an impairment test which included intangible assets as described in paragraph (j) above. As of December 31, 2020, 2019 and 2018 there was no impairment of intangible assets.</p> <p id="xdx_84F_eus-gaap--ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_zckqznwXX7G8" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(n)</i></b>  <span id="xdx_867_zJcrlhHg4AI9"><b><i>Foreign Currency Translation</i></b></span><b><i>:</i></b> Navios Partners' functional and reporting currency is the U.S. Dollar. Navios Partners engages in worldwide commerce with a variety of entities. Although, its operations may expose it to certain levels of foreign currency risk, its transactions are predominantly U.S. dollar denominated. Additionally, Navios Partners' wholly-owned vessel subsidiaries transacted a nominal amount of their operations in Euros; however, all of the subsidiaries' primary cash flows are U.S. dollar denominated. Transactions in currencies other than the functional currency are translated at the exchange rate in effect at the date of each transaction. Differences in exchange rates during the period between the date a transaction denominated in a foreign currency is consummated and the date on which it is either settled or translated, are recognized in the Statements of Operations. The foreign currency gains/ (losses) recognized in the accompanying Consolidated Statements of Operations under the caption “Other income” or “Other expense”, for each of the years ended December 31, 2020, 2019 and 2018 were not material for any of these periods.</p> <p id="xdx_843_eus-gaap--CommitmentsAndContingenciesPolicyTextBlock_zXBhKRSxVj2l" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(o)</i></b>  <b><i><span id="xdx_865_zuS2U2FUGbbc">Provisions</span>:</i></b> Navios Partners, in the ordinary course of its business, is subject to various claims, suits and complaints. Management, in consultation with internal and external advisors, will provide for a contingent loss in the financial statements if the contingency had been incurred as of the balance sheet date and the likelihood of loss was probable and the amount of the loss can be reasonably estimated. If Navios Partners has determined that the reasonable estimate of the loss is a range and there is no best estimate within the range, Navios Partners will accrue the lower amount of the range.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Navios Partners, through the management agreement, participates in Protection and Indemnity (P&amp;I) insurance coverage plans provided by mutual insurance societies known as P&amp;I clubs. Under the terms of these plans, participants may be required to pay additional premiums (supplementary calls) to fund operating deficits incurred by the clubs (“back calls”). Obligations for back calls are accrued annually based on information provided by the P&amp;I clubs.</p> <p id="xdx_841_eus-gaap--SegmentReportingPolicyPolicyTextBlock_z6EojESQ1TE8" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b><i>(p)</i></b>  <b><i><span id="xdx_863_zMjVxnESPvHb">Segment Reporting</span>:</i></b> Navios Partners reports financial information and evaluates its operations by charter revenues and not by the length of ship employment for its customers. Navios Partners does not use discrete financial information to evaluate operating results for each type of charter or vessel type. Management does not identify expenses, profitability or other financial information by charter type. As a result, management reviews operating results solely by revenue per day and operating results of the fleet and thus Navios Partners has determined that it operates under one reportable segment (see Note 13 </span>– <span style="font-family: Times New Roman, Times, Serif">Segment information). </span></p> <p id="xdx_84D_eus-gaap--RevenueRecognitionPolicyTextBlock_zMtwes3mR9Rb" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(q)</i></b>  <span id="xdx_868_zmpHh1nA1rl9"><b><i>Revenue and Expense Recognition</i></b></span><b>: </b>On January 1, 2018, the Company adopted the provisions of ASC 606 “Revenue from Contracts with Customers” using the modified retrospective approach. In doing so, the Company makes judgments including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price, and allocating the transaction price to each performance obligation. Revenue is recognized when (or as) the Company transfers promised goods or services to its customers in amounts that reflect the consideration to which the company expects to be entitled to in exchange for those goods or services, which occurs when (or as) the Company satisfies its contractual obligations and transfers control of the promised goods or services to its customers. Revenues are recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In determining the appropriate amount of revenue to be recognized as it fulfills its obligations under its agreements, the Company performs the following steps: (i) identification of the promised goods or services in the contract; (ii) determination of whether the promised goods or services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations based on estimated selling prices; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The Company's contract revenues from time chartering and pooling arrangements are governed by ASU 2016-02 (ASC 842) “Leases”. Upon adoption of ASC 606 and ASC 842, the timing and recognition of earnings from the pool arrangements and time charter contracts to which the Company is party did not change from previous practice. The Company has determined to recognize lease revenue as a combined single lease component for all time charters (operating leases) as the related lease component and non-lease components will have the same timing and pattern of the revenue recognition of the combined single lease component. The performance obligations in a time charter contract are satisfied over term of the contract beginning when the vessel is delivered to the charterer until it is redelivered back to the Company. As a result of the adoption of these standards, there was no effect on the Company's retained earnings, as at January 1, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><i>Revenue from time chartering</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Revenues from time chartering of vessels are accounted for as operating leases and are thus recognized on a straight line basis as the average lease revenue over the rental periods of such charter agreements, as service is performed. A time charter involves placing a vessel at the charterers' disposal for a period of time during which the charterer uses the vessel in return for the payment of a specified daily hire rate. Short period charters for less than three months are referred to as spot-charters. Charters extending three months to a year are generally referred to as medium-term charters. All other charters are considered long-term. Under time charters, operating costs such as for crews, maintenance and insurance are typically paid by the owner of the vessel. Revenue from time chartering of vessels amounted to $<span id="xdx_906_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementScenarioAxis__custom--TimeCharterMember_zZAWYW7mIyH" title="Revenues">218,809</span>, $<span id="xdx_90F_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementScenarioAxis__custom--TimeCharterMember_zKOBjwC29ldi">204,920</span> and $<span id="xdx_909_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementScenarioAxis__custom--TimeCharterMember_zjagO2AH84sg">215,877</span> for the years ended December 31, 2020, 2019 and 2018, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><i>Revenue from voyage contracts</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The Company's revenues earned under voyage contracts (revenues for the transportation of cargo) were previously recognized ratably over the estimated relative transit time of each voyage. A voyage was deemed to commence when a vessel was available for loading and was deemed to end upon the completion of the discharge of the current cargo. Estimated losses on voyages are provided for in full at the time such losses become evident. Under a voyage charter, a vessel is provided for the transportation of specific goods between specific ports in return for payment of an agreed upon freight per ton of cargo. Upon adoption of ASC 606, the Company recognizes revenue ratably from port of loading to when the charterer's cargo is discharged as well as defer costs that meet the definition of “costs to fulfill a contract” and relate directly to the contract. During 2017, no freight voyage existed and therefore, there was no impact on the Company's retained earnings as at January 1, 2018. Revenue from voyage contracts amounted to $<span id="xdx_902_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementScenarioAxis__custom--VoyageContractsMember_zlAgPKO4be4e">3,754</span>, $<span id="xdx_90C_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementScenarioAxis__custom--VoyageContractsMember_zroWy4ZDkrnh">9,416</span> and $<span id="xdx_903_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementScenarioAxis__custom--VoyageContractsMember_zTlJHfD6hfWd">9,660</span> for the years ended December 31, 2020, 2019 and 2018, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><i>Pooling arrangements</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">For vessels operating in pooling arrangements, the Company earns a portion of total revenues generated by the pool, net of expenses incurred by the pool. The amount allocated to each pool participant vessel, including the Company's vessels, is determined in accordance with an agreed-upon formula, which is determined by points awarded to each vessel in the pool based on the vessel's age, design and other performance characteristics. Revenue under pooling arrangements is accounted for as variable rate operating leases on the accrual basis and is recognized when an agreement with the pool exists, price is fixed, service is provided and the collectability is reasonably assured. The allocation of such net revenue may be subject to future adjustments by the pool however, such changes are not expected to be material. The Company recognizes net pool revenue on a monthly and quarterly basis, when the vessel has participated in a pool during the period and the amount of pool revenue can be estimated reliably based on the pool report. Revenue from vessels operating in pooling arrangements amounted to $<span id="xdx_90C_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementScenarioAxis__custom--PoolingArrangementsMember_zpRDzJSypb3k">4,208</span>, $<span id="xdx_903_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementScenarioAxis__custom--PoolingArrangementsMember_zZBYdSKsPba2">5,043</span> and $<span id="xdx_90B_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementScenarioAxis__custom--PoolingArrangementsMember_z7NCQ9AbwdV6">5,817</span> for the years ended December 31, 2020, 2019 and 2018, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><i>Revenue from profit-sharing</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Profit-sharing revenues are calculated at an agreed percentage of the excess of the charterer's average daily income (calculated on a quarterly or half-yearly basis) over an agreed amount and accounted for on an accrual basis based on provisional amounts and for those contracts that provisional accruals cannot be made due to the nature of the profit sharing elements, these are accounted for on the actual cash settlement or when such revenue becomes determinable. Profit sharing revenue for the years ended December 31, 2020, 2019 and 2018 amounted to <span id="xdx_902_eus-gaap--Revenues_pn3n3_do_c20200101__20201231__srt--StatementScenarioAxis__custom--ProfitSharingMember_zpNXjD0eLf9j">0</span>, <span id="xdx_90A_eus-gaap--Revenues_pn3n3_do_c20190101__20191231__srt--StatementScenarioAxis__custom--ProfitSharingMember_zND6yTjBvTx5">0</span> and $<span id="xdx_904_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementScenarioAxis__custom--ProfitSharingMember_zGhPgX9FRwqk">7</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Revenues are recorded net of address commissions. Address commissions represent a discount provided directly to the charterers based on a fixed percentage of the agreed upon charter or freight rate. Since address commissions represent a discount (sales incentive) on services rendered by the Company and no identifiable benefit is received in exchange for the consideration provided to the charterer, these commissions are presented as a reduction of revenue.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Deferred Revenue and Cash Received in Advance:</i></b> Deferred revenue primarily relates to cash received from charterers prior to it being earned and the compensation received for the future reduction in the daily hire rates payable by Hyundai Merchant Marine Co. (“HMM”). These amounts are recognized as revenue over the voyage or charter period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Time Charter and Voyage Expenses:</i></b> Time charter and voyage expenses comprise all expenses related to each particular voyage, including time charter hire paid and voyage freight paid, bunkers, port charges, canal tolls, cargo handling, agency fees and brokerage commissions. Also included in time charter and voyage expenses are provisions for losses on time charters and voyages in progress at year-end, direct port terminal expenses and other miscellaneous expenses. Time charter expenses are expensed over the period of the time charter and voyage expenses are recognized as incurred.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Direct Vessel Expenses: </i></b>Direct vessel expenses comprise the amortization related to drydocking and special survey costs of certain vessels of Navios Partners' fleet.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Prepaid Voyage Costs:</i></b> Prepaid voyage costs relate to cash paid in advance for expenses associated with voyages. These amounts are recognized as expenses over the voyage or charter period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Vessel operating expenses (management fees): </i></b>Pursuant to the amended Management Agreement, in each of October 2013, August 2014, February 2015, February 2016 and November 2017, the Manager, provided commercial and technical management services to Navios Partners' vessels for a daily fee (excluding drydocking expenses, which were reimbursed at cost by Navios Partners) of: (a) $<span id="xdx_906_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--UltraHandymaxVesselsMember_z2h1Y8hsVee5" title="Daily management fee">4.23</span> daily rate per Ultra-Handymax vessel; (b) $<span id="xdx_904_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember_zJoSbr9WOwK9">4.33</span> daily rate per Panamax vessel; (c) $<span id="xdx_90C_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CapesizeVesselsMember_zfqqDF2cvWOh">5.25</span> daily rate per Capesize vessel; (d) $<span id="xdx_901_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselOfSixThousandEightHundedTwentyFootEquivalentUnitsMember_zxN2enIiCgZh">6.70</span> daily rate per Containership of TEU 6,800; (e) $<span id="xdx_90E_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember_zhk3dP0ZWlfb">7.40</span> daily rate per Containership of more than TEU 8,000 and (f) $<span id="xdx_900_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember_zYbjknmlTEdh">8.75</span> daily rate per very large Containership of more than TEU 13,000 through December 2019. These fixed daily fees cover the vessels' operating expenses, other than certain extraordinary fees and costs. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In August 2019, Navios Partners extended the duration of its Management Agreement with the Manager until January 1, 2025. In addition, management fees are fixed for two years commencing from January 1, 2020 at: (a) $<span id="xdx_900_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--UltraHandymaxVesselsMember__srt--StatementScenarioAxis__custom--FromJanuary12020Member_zoEfrXHo7E">4.35</span> daily per Ultra-Handymax Vessel; (b) $<span id="xdx_90D_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember__srt--StatementScenarioAxis__custom--FromJanuary12020Member_zMV2EElSg6Gk">4.45</span> daily per Panamax Vessel; (c) $<span id="xdx_90A_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CapesizeVesselsMember__srt--StatementScenarioAxis__custom--FromJanuary12020Member_zagjl8K3WHqc">5.41</span> daily per Capesize Vessel; and (d) $<span id="xdx_90C_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselOfSixThousandEightHundedTwentyFootEquivalentUnitsMember__srt--StatementScenarioAxis__custom--FromJanuary12020Member_z6HL1TLtEhN4">6.90</span> daily per 6,800 TEU Containership. The agreement also provides for a technical and commercial management fee of $<span id="xdx_90C_ecustom--TechnicalAndCommercialManagementDailyFee_pin3_c20200101__20201231__srt--StatementScenarioAxis__custom--FromJanuary12020Member__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember_zS9xPrMTzDu7">0.05</span> per day per vessel and an annual increase of <span id="xdx_902_ecustom--AnnualGrowthFactorManagementFees_uPure_c20200101__20201231__srt--StatementScenarioAxis__custom--AfterJanuary12022Member__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember_zA9zGVozXGu9" title="Annual growth factor of management fees">3%</span> after January 1, 2022 unless agreed otherwise.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Following the liquidation of Navios Europe I, Navios Partners acquired three Sub-Panamax and two Panamax Containerships. As per the Management Agreement, as amended in December 2019, management fees are fixed for two years commencing from January 1, 2020 at $<span id="xdx_903_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember__srt--StatementScenarioAxis__custom--AfterLiquidationOfNaviosEuropeIMember_zu77ZasCRdP9"><span id="xdx_900_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SubpanamaxContainershipMember__srt--StatementScenarioAxis__custom--AfterLiquidationOfNaviosEuropeIMember_zGKkHMvwY88l">6.1</span></span> daily per SubPanamax/Panamax Containership. The agreement also provides for a technical and commercial management fee of $<span id="xdx_90E_ecustom--TechnicalAndCommercialManagementDailyFee_pin3_c20200101__20201231__srt--StatementScenarioAxis__custom--AfterLiquidationOfNaviosEuropeIMember__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember_zIG3ZhwuA0m6">0.05</span> per day per vessel and an annual increase of <span id="xdx_900_ecustom--AnnualGrowthFactorManagementFees_uPure_c20200101__20201231__srt--StatementScenarioAxis__custom--AfterJanuary12022Member__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AfterLiquidationOfNaviosEuropeIMember_zoTrp7E2hDye">3%</span> after January 1, 2022 for the remaining period unless agreed otherwise.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Drydocking expenses are reimbursed at cost for all vessels.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">For the years ended December 31, 2020 and 2019 certain extraordinary fees and costs related to regulatory requirements, including ballast water treatment system installation and exhaust gas cleaning system installation under Company's management agreement, amounted to $<span id="xdx_901_eus-gaap--PaymentsToAcquireWaterAndWasteWaterSystems_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember_z40cCaXOAshc" title="Payments for ballast water treatment system and exhaust gas cleaning system installation">3,366</span> and $<span id="xdx_907_eus-gaap--PaymentsToAcquireWaterAndWasteWaterSystems_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember_zqYfw3u4ox83">16,313</span>, respectively, and are presented under the caption “Acquisition of/ additions to vessels and favorable lease terms, net of cash acquired” in the Consolidated Statements of Cash Flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Total vessel operating expenses for each of the years ended December 31, 2020, 2019 and 2018 amounted to $<span id="xdx_905_eus-gaap--ProfessionalAndContractServicesExpense_pn3n3_c20200101__20201231_ztWS6haB7kp5" title="Vessel operating expenses">93,732</span>, $<span id="xdx_90A_eus-gaap--ProfessionalAndContractServicesExpense_pn3n3_c20190101__20191231_zdo6u2PXFOL8" title="Vessel operating expenses">68,188</span> and $<span id="xdx_90C_eus-gaap--ProfessionalAndContractServicesExpense_pn3n3_c20180101__20181231_zqKLOD7b0jlf" title="Vessel operating expenses">68,871</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>General and Administrative Expenses:</i></b> Pursuant to the Administrative Services Agreement dated November 16, 2007, the Manager also provides administrative services to Navios Partners, which include bookkeeping, audit and accounting services, legal and insurance services, administrative and clerical services, banking and financial services, advisory services, client and investor relations and other. The Manager is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. Navios Partners extended the duration of its existing Administrative Services Agreement with the Manager pursuant to the same terms, until December 31, 2022. In August 2019, Navios Partners extended the duration of its existing administrative services agreement with the Manager until January 1, 2025, which provide for allocable general and administrative costs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.4pt; text-align: justify">Total general and administrative expenses charged by the Manager for each of the years ended December 31, 2020, 2019 and 2018 amounted to $<span id="xdx_90D_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsIMember_zLbam6ctNpW3">13,708</span>, $<span id="xdx_90A_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsIMember_ze6xJ8wKaYJe">10,406</span> and $<span id="xdx_90F_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsIMember_z6jpazsgQYMk">9,344</span>, respectively.</p> <p id="xdx_844_eus-gaap--DerivativesPolicyTextBlock_zNzrqYKnNvll" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(r)</i></b>  <b><i><span id="xdx_866_znmk1OzgZFGa">Financial Instruments</span>:</i></b> Financial instruments carried on the balance sheet include cash and cash equivalents, restricted cash, trade receivables and payables, other receivables and other liabilities long-term debt and financial liabilities. The particular recognition methods applicable to each class of financial instrument are disclosed in the applicable significant policy description of each item, or included below as applicable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Financial Risk Management:</i></b> Navios Partners' activities expose it to a variety of financial risks including fluctuations in future freight rates, time charter hire rates, fuel prices, credit and interest rates risk. Risk management is carried out under policies approved by executive management. Guidelines are established for overall risk management, as well as specific areas of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Credit risk:</i></b> Navios Partners closely monitors its credit exposure to customers and counter-parties for credit risk. Navios Partners has entered into the management agreement with the Manager, pursuant to which the Manager agreed to provide commercial and technical management services to Navios Partners. When negotiating on behalf of Navios Partners' various vessel employment contracts, the Manager has policies in place to ensure that it trades with customers and counterparties with an appropriate credit history.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Financial instruments that potentially subject Navios Partners to concentrations of credit risk are accounts receivable and cash and cash equivalents. Navios Partners does not believe its exposure to credit risk is likely to have a material adverse effect on its financial position, results of operations or cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">For the year ended December 31, 2020 HMM, Singapore Marine and Cargill represented approximately <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_uPure_c20200101__20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zW1LgPIZIod9">23.4%</span>, <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_uPure_c20200101__20201231__srt--MajorCustomersAxis__custom--SingaporeMarineMember_zfCnoDuN5oSb">19.5% </span>and <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_uPure_c20200101__20201231__srt--MajorCustomersAxis__custom--CargillMember_zluV5iK581P5">11.4%</span>, respectively, of the Company’s total revenues. For the year ended December 31, 2019 HMM, Swissmarine and Cargill represented approximately <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_uPure_c20190101__20191231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zCT9LoUzsYDe">25.9%</span>, <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_uPure_c20190101__20191231__srt--MajorCustomersAxis__custom--SwissmarineMember_zeDtFlt8NRNc">12.3% </span>and <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_uPure_c20190101__20191231__srt--MajorCustomersAxis__custom--CargillMember_za20cuR7vWPi">10.9%</span>, respectively, of the Company’s total revenues. For the year ended December 31, 2018, HMM represented approximately <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_uPure_c20180101__20181231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zpMGigBsBAId">24.5% </span>of total revenues. No other customers accounted for 10% or more of total revenues for any of the years presented.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Liquidity Risk:</i></b> Prudent liquidity risk management implies maintaining sufficient cash and marketable securities, the availability of funding through an adequate amount of committed credit facilities and the ability to close out market positions. Navios Partners monitors cash balances appropriately to meet working capital needs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Foreign Exchange Risk:</i></b> Foreign currency transactions are translated into the measurement currency rates prevailing at the dates of transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies are recognized in the Consolidated Statements of Operations.</p> <p id="xdx_845_ecustom--CashDistributionPolicyTextBlock_zACiK6Vizhh1" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(s)</i></b>  <b><i><span id="xdx_863_z1VsBMMRutEi">Cash Distribution</span>:</i></b> <span id="xdx_900_eus-gaap--DistributionPolicyMembersOrLimitedPartnersDescription_c20200101__20201231_z2yfaadhXl0g" title="Distribution policy members or limited partners description">As per the Partnership Agreement, within 45 days following the end of each quarter, to the extent and as may be declared by the Board, an amount equal to 100% of Available Cash with respect to such quarter shall be distributed to the partners as of the record date selected by the Board of Directors.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Available Cash:</i></b> Generally means, for each fiscal quarter, all cash on hand at the end of the quarter:</p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 6pt; margin-bottom: 6pt"> <tr style="vertical-align: top"> <td style="width: 30.6pt"/> <td style="width: 18.35pt">•</td> <td style="text-align: justify">less the amount of cash reserves established by the Board of Directors to:</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 6pt; margin-bottom: 6pt"> <tr style="vertical-align: top"> <td style="width: 30.6pt"/> <td style="width: 18.35pt">•</td> <td style="text-align: justify">provide for the proper conduct of the business (including reserve for maintenance and replacement capital expenditures);</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 6pt; margin-bottom: 6pt"> <tr style="vertical-align: top"> <td style="width: 30.6pt"/> <td style="width: 18.35pt">•</td> <td style="text-align: justify">comply with applicable law, any of Navios Partners' debt instruments, or other agreements; or</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 6pt; margin-bottom: 6pt"> <tr style="vertical-align: top"> <td style="width: 30.6pt"/> <td style="width: 18.35pt">•</td> <td style="text-align: justify">provide funds for distributions to the unitholders and to the general partner for any one or more of the next four quarters;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 6pt; margin-bottom: 6pt"> <tr style="vertical-align: top"> <td style="width: 30.6pt"/> <td style="width: 18.35pt">•</td> <td style="text-align: justify">plus all cash on hand on the date of determination of Available Cash for the quarter resulting from working capital borrowings made after the end of the quarter. Working capital borrowings are generally borrowings that are made under any revolving credit or similar agreement used solely for working capital purposes or to pay distributions to partners.</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Available Cash is a quantitative measure used in the publicly traded partnership investment community to assist in evaluating a partnership's ability to make quarterly cash distributions. Available Cash is not required by U.S. GAAP and should not be considered a substitute for net income, cash flow from operating activities and other operations or cash flow statement data prepared in accordance with accounting principles generally accepted in the United States or as a measure of profitability or liquidity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Cash distributions are recorded in the Company's financial statements in the period in which they are declared. Navios Partners paid $<span id="xdx_902_eus-gaap--PartnersCapitalAccountDistributions_pn3n3_c20200101__20201231_zqecbQFVTd8k" title="Cash distributions paid">7,872</span>, $<span id="xdx_90E_eus-gaap--PartnersCapitalAccountDistributions_pn3n3_c20190101__20191231_zewkzMc0Y7W9">13,550</span> and $<span id="xdx_906_eus-gaap--PartnersCapitalAccountDistributions_pn3n3_c20180101__20181231_zvYRBCBifTYd">10,261</span> to its unitholders of common and general partner units during the years ended December 31, 2020, 2019 and 2018, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Maintenance and Replacement Capital Expenditures</i>:</b> Maintenance and replacement capital expenditures are those capital expenditures required to maintain over the long-term the operating capacity of or the revenue generated by Navios Partners' capital assets, and expansion capital expenditures are those capital expenditures that increase the operating capacity of or the revenue generated by the capital assets. To the extent, however, that capital expenditures associated with acquiring a new vessel increase the revenues or the operating capacity of the Company’s fleet, those capital expenditures would be classified as expansion capital expenditures. As of December 31, 2020, 2019 and 2018, maintenance and replacement capital expenditures reserve approved by the Board of Directors was $<span id="xdx_908_eus-gaap--CostOfPropertyRepairsAndMaintenance_pn3n3_c20200101__20201231_zv9dhDor0xQb" title="Cost of property repairs and maintenance">36,455</span>, $<span id="xdx_905_eus-gaap--CostOfPropertyRepairsAndMaintenance_pn3n3_c20190101__20191231_zvpCLaIdlFj8">29,039</span> and $<span id="xdx_90A_eus-gaap--CostOfPropertyRepairsAndMaintenance_pn3n3_c20180101__20181231_zHMG86JTRGQf">26,787</span>, respectively.</p> <p id="xdx_849_eus-gaap--CompensationRelatedCostsPolicyTextBlock_zkZrJUGZHUge" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(t)</b>  <b><i><span id="xdx_869_zubNFqWNfQ1i">Stock-based compensation</span>:</i></b> In February 2019, December 2019 and December 2018, Navios Partners granted restricted common units to its directors and officers, which are based solely on service conditions and vest over four years each, respectively. The fair value of restricted common units is determined by reference to the quoted stock price on the date of grant. Compensation expense, net of estimated forfeitures, is recognized based on a graded expense model over the vesting period. The effect of compensation expense arising from the restricted common units described above amounted to $<span id="xdx_908_eus-gaap--ShareBasedCompensation_pn3n3_c20200101__20201231_z6ZfnW2vqwia" title="Equity compensation expense">946</span>, $<span id="xdx_905_eus-gaap--ShareBasedCompensation_pn3n3_c20190101__20191231_zz2jHHBY1Pa8">2,018</span> and $<span id="xdx_906_eus-gaap--ShareBasedCompensation_pn3n3_c20180101__20181231_zI9kT3TS66I4">2,450</span> for the years ended December 31, 2020, 2019 and 2018, respectively, and was presented under the caption “General and administrative expenses” in the Consolidated Statements of Operations. There were no restricted common units exercised, forfeited or expired during the years ended December 31, 2020, 2019 and 2018. As of December 31, 2020, <span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_uShares_c20200101__20201231__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zZhKpwX851Pl" title="Restricted common units vested in period">285,763</span> restricted common units were vested, cumulatively.</p> <p id="xdx_843_eus-gaap--IncomeTaxPolicyTextBlock_zWCWsiO2afI8" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(u)</b>  <b><i><span id="xdx_86C_zcnyzKdxBDOi">Income Taxes</span>:</i></b> The Company is a Marshall Islands Corporation. Pursuant to various treaties and the United States Internal Revenue Code, the Company believes that substantially all its operations are exempt from income taxes in the Marshall Islands and the United States of America. Under the laws of Marshall Islands, Malta and Liberia, the countries of the vessel-owning subsidiaries' incorporation and vessels' registration, the vessel-owning subsidiaries are subject to registration and tonnage taxes which have been included in vessel operating expenses in the accompanying Consolidated Statements of Operations.</p> <p id="xdx_84B_eus-gaap--EarningsPerSharePolicyTextBlock_z8tq4J9ftpa7" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(v)</b>  <b><i>(<span id="xdx_866_zxvkYYldzSY2">Loss)/Earnings Per Unit</span>:</i></b> Basic (losses)/earnings per unit is computed by dividing net (loss)/income attributable to Navios Partners common unitholders by the weighted average number of common units outstanding during the periods presented. Diluted earnings per unit reflect the potential dilution that would occur if securities or other contracts to issue common units were exercised or converted. Diluted earnings per unit is calculated in the same manner as basic earnings per unit, except that the weighted average number of outstanding units increased to include the dilutive effect of outstanding unit options or phantom units.</p> <p id="xdx_843_eus-gaap--OffBalanceSheetCreditExposurePolicyPolicyTextBlock_zhy84TjZoBpe" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(w)</b>  <b><i><span id="xdx_861_z7R3KQfLOQ7c">Guarantees</span>:</i></b> An asset for the fair value of a right undertaken in issuing the guarantee is recognized. The recognition of fair value is not required for certain guarantees such as the parent's guarantee of a subsidiary's debt to a third party or guarantees on product warranties. For those guarantees excluded from the above guidance requiring the fair value recognition of the asset, financial statement disclosures of their terms are made.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On November 15, 2012 (as amended and supplemented in March 2014, December 2017 and July 2019), Navios Holdings and Navios Partners entered into an agreement (the “Navios Holdings Guarantee”) by which Navios Holdings would provide supplemental credit default insurance with a maximum cash payment of $<span id="xdx_909_ecustom--SupplementalCreditDefaultInsuranceMaximumCashPayment_pn3n3_c20120101__20121115__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zbNvygCd9i98">20,000</span>. In October 2020, Navios Holdings paid an amount of $<span id="xdx_90F_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20200101__20201031__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsIIMember_zIis3skOV2yj">5,000</span> to Navios Partners. As of December 31, 2020 and 2019, the outstanding claim receivable amounted to $<span id="xdx_908_eus-gaap--ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability_iI_pn3n3_c20201231__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zdLqMglki4k6">5,000</span> and $<span id="xdx_907_eus-gaap--ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability_iI_pn3n3_c20191231__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zR5BTcRqj045">10,000</span>, respectively. The final settlement of the amount from Navios Holdings will take place at specific date, in accordance with a signed letter of agreement between the parties. The guarantee claim receivable is presented under the caption “Amounts due from related parties-short term” in the Consolidated Balance Sheets as of December 31, 2020.</p> <p id="xdx_845_eus-gaap--LessorLeasesPolicyTextBlock_zu1POzLjcPhl" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(x)</b>  <b><i><span id="xdx_863_z1zmPJJIrplh">Leases</span>:</i></b> Vessel leases where Navios Partners is regarded as the lessor are classified as either operating leases or sales type/ direct financing leases, based on an assessment of the terms of the lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">For charters classified as finance leases the minimum lease payments are recorded as the gross investment in the lease. The difference between the gross investment in the lease and the sum of the present values of the two components of the gross investment is recorded as unearned income which is amortized to income over the lease term as finance lease interest income to produce a constant periodic rate of return on the net investment in the lease. For charters classified as operating leases where Navios Partners is regarded as the lessor,(see Note 2(q) — Summary of Significant Accounting Policies).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In cases of lease agreements where the Company acts as the lessee, the Company recognizes a right-of-use asset and a corresponding lease liability on the consolidated balance sheet. For finance leases, interest expense is determined using the effective interest method and amortization on the right-of-use asset is recognized on a straight line basis over the lease term. For charters classified as operating leases, lease expense is recognized on a straight line basis over the rental periods of such charter agreements, by adding interest expense to the amortization of the right-of-use asset. The expense is included in the caption “Time charter and voyage expenses” in the consolidated statement of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In cases of sale and leaseback transactions, if the transfer of the asset to the lessor does not qualify as a sale, then the transaction constitutes a failed sale and leaseback and is accounted for as a financing transaction. For a sale to have occurred, the control of the asset would need to be transferred to the buyer, and the buyer would need to obtain substantially all the benefits from the use of the asset.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 13.2pt 0 12pt 24.5pt; text-align: justify">Operating lease assets used by Navios Partners are reviewed periodically for potential impairment whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. Measurement of the impairment loss is based on the fair value of the asset. Navios Partners determines the fair value of its assets based on management estimates and assumptions by making use of available market data. In evaluating carrying values of operating lease assets, certain indicators of potential impairment are reviewed, such as undiscounted projected operating cash flows, business plans and overall market conditions.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 13.2pt 0 12pt 24.5pt; text-align: justify">Undiscounted projected net operating cash flows are determined for each asset group and compared to the carrying value of the operating lease asset and the carrying value of deposits for the option to acquire a vessel including expenses and interest. If step two of the impairment analysis is required, the analysis includes the use of the discounted cash flow which comprises various assumptions, including the Company’s WACC.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 13.2pt 0 12pt 24.5pt; text-align: justify">During the fourth quarter of fiscal year 2020, management concluded that events occurred and circumstances had changed, which indicated that potential impairment of Navios Partners’ operating lease assets might exist. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the Company’s future operations As a result, an impairment assessment of operating lease assets (step one) was performed.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 13.2pt 0 12pt 24.5pt; text-align: justify">The Company determined undiscounted projected net operating cash flows for each chartered-in vessel and compared it to operating lease asset’s carrying value together with the carrying value of deposits for the option to acquire a vessel including expenses and interest. The significant factors and assumptions used in the undiscounted projected net operating cash flow analysis included: determining the projected net operating cash flows by considering the charter revenues from existing time charters for the fixed fleet days (the Company’s remaining charter agreement rates) and an estimated daily time charter equivalent for the unfixed days (based on three-year average historical time charter rates) over the remaining lease term, net of brokerage and address commissions excluding days of scheduled off-hires (for the bareboat chartered-in vessels), management fees for vessel operating expenses in accordance with the terms of management agreement (assuming an annual increase of 3.0% every second year for the bareboat chartered-in vessels).</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 13.2pt 0 12pt 24.5pt; text-align: justify">As of December 31, 2020 and 2019, the Company’s impairment assessments indicated that the undiscounted projected net operating cash flows determined for each asset group exceeded their carrying value. The impairment assessments performed as of December 31, 2020 and 2019 did not result in impairment charges.</p> <p id="xdx_84F_eus-gaap--FairValueOfFinancialInstrumentsPolicy_z7iFXscHfSMa" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(y)</b>  <b><i><span id="xdx_865_zGYnDMphwJ3c">Financial Instruments and Fair Value</span>:</i></b> Guidance on Fair Value Measurements provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level I measurements) and the lowest priority to unobservable inputs (Level III measurements).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. In determining the appropriate levels, the Company performs a detailed analysis of the assets and liabilities that are subject to guidance on Fair Value Measurements.</p> <p id="xdx_849_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zMilg1RyxSW1" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(z)</b>  <b><i><span id="xdx_86E_zVhiiFOue962">Recent Accounting Pronouncements</span>:</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 24.5pt; text-align: justify">In March 2020, the FASB issued ASU 2020-4, “Reference Rate Reform (Topic 848)” (“ASU 2020-4”), which provides optional guidance, intended to ease the potential burden in accounting for the expected discontinuation of LIBOR as a reference rate in the financial markets. The guidance can be applied to modifications made to certain contracts to replace LIBOR with a new reference rate. The guidance, if elected, will permit entities to treat such modifications as the continuation of the original contract, without any required accounting reassessments or remeasurements. The ASU 2020-4 was effective for the Company beginning on March 12, 2020 and the Company will apply the amendments prospectively through December 31, 2022. There was no impact to the Company’s consolidated financial statements as a result of adopting this standard update. Currently, the Company has various contracts that reference LIBOR and is assessing how this standard may be applied to specific contract modifications.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify">In October 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-17, Consolidation (Topic 810): “Targeted Improvements to Related Party Guidance for Variable Interest Entities” (“ASU 2018-17”). ASU 2018-17 provides that indirect interests held through related parties in common control arrangements should be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. This is consistent with how indirect interests held through related parties under common control are considered for determining whether a reporting entity must consolidate a VIE. For public business entities the amendments were effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption was permitted. The Company has adopted this standard update as of January 1, 2020. The adoption of this new accounting guidance did not have a material effect on the Company’s consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify">In August 2018, FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement”. This update modifies the disclosure requirements on fair value measurements. ASU 2018-13 was effective for fiscal years beginning after December 15, 2019, and earlier adoption was permitted. The Company has adopted this standard update as of January 1, 2020. The adoption of this new accounting guidance did not have a material effect on the Company’s consolidated financial statements.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 9.9pt 0 8pt 24.5pt; text-align: justify">In June 2016, FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This ASU amends the accounting for credit losses on available-for-sale debt securities, purchased financial assets with credit deterioration and clarifies that impairment of receivables arising from operating leases should be accounted for in accordance with Topic 842, Leases. In addition, these amendments require the measurement of all expected credit losses for financial assets, including trade accounts receivable, held at the reporting date based on historical experience, current conditions, and current expectations of future economic conditions based on reasonable and supportable forecasts. The Company has adopted this standard update as of January 1, 2020. This new guidance did not have a material impact on the Company’s consolidated financial statements, as the majority of its Accounts receivable, net relates to receivables arising from operating leases and are scoped out of the new standard.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 9.9pt 0 8pt 24.5pt; text-align: justify">The Company has assessed all the expected credit losses of its financial assets and the adoption of this ASU did not have a material impact on the Company’s consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify"/> <p id="xdx_842_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zYImtnKuckH" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <b><i>(a)</i></b> <b><i><span id="xdx_861_zKwLVNjYYMdi">Basis of presentation</span></i>:</b> The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">As of December 31, 2020, Navios Partners’ current assets totaled $<span id="xdx_90A_eus-gaap--AssetsCurrent_iI_pn3n3_c20201231_zJLD4uAfvGO9">60,780</span>, while current liabilities totaled $<span id="xdx_90F_eus-gaap--LiabilitiesCurrent_iI_pn3n3_c20201231_ztgANn4xLbU5">253,252</span>, resulting in a negative working capital position of $<span id="xdx_906_ecustom--WorkingCapitalDeficit_iI_pn3n3_c20201231_zZfgHotRiIFb">192,472</span>, primarily related to balloon payments totaling $<span id="xdx_906_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231_zns2brtbQSU9">131,547</span> due under its credit facilities in the second and third quarters of 2021 (see Note 10 — Borrowings). During the first quarter of 2021, Navios Partners sold four vessels for approximately $<span id="xdx_90D_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20210101__20210331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FourVesselsMember_zwnZLGn7XmL">32,692</span>. Part of the proceeds where used to settle respective upcoming balloon payments due in June 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">In addition, Navios Partners is currently in advanced discussions with a commercial bank for a new credit facility of up to $<span id="xdx_905_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20210331__srt--StatementScenarioAxis__srt--ScenarioForecastMember__us-gaap--LongtermDebtTypeAxis__custom--NewCreditFacilityMember_zNq3etofB3Fb">115,000</span> for the refinancing of its existing facility maturing in August 2021. The new facility is expected to mature in the second quarter of 2025 and bears interest at <span id="xdx_90E_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20210101__20210331__us-gaap--LongtermDebtTypeAxis__custom--NewCreditFacilityMember__srt--StatementScenarioAxis__srt--ScenarioForecastMember_zsw5SpRq850i">LIBOR</span> plus <span id="xdx_906_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_c20210101__20210331__us-gaap--LongtermDebtTypeAxis__custom--NewCreditFacilityMember__srt--StatementScenarioAxis__srt--ScenarioForecastMember_zqyIKcITk9Vl">3%</span> per annum. This transaction is expected to close in the second quarter of 2021, however it cannot be certain that a <span style="background-color: white">d</span>efinitive agreement will be executed or that the refinancing will be consummated in whole or in part. The Company’s vessels have an aggregate fair value significantly in excess of the outstanding debt which supports Managements’ expectations that it is probable that the Company will be able to repay the above balloon payments either through refinancing with existing or new commercial banks and other financial institutions or sale of the vessels. Furthermore, the Company has a history of successfully refinancing its existing debt requirements and sourcing new funding. Navios Partners’ cash forecast indicates that it will generate sufficient cash to make the required principal and interest payments on its indebtedness (excluding the balloon payments), provide for the normal working capital requirements of the business for a period of at least 12 months from the date of issuance of these consolidated financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing its financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0"><b>Reverse Stock Split: </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify">On April 25, 2019, the Company's unitholders approved a <span id="xdx_90C_eus-gaap--StockholdersEquityReverseStockSplit_c20190101__20190521__us-gaap--ConversionOfStockByUniqueDescriptionAxis__custom--ReverseStockSplitMember_zpjmlXVKSm5h">1-for-15</span> reverse stock split of the Company's outstanding common and general partner units, which was effected on May 21, 2019. The effect of the reverse stock split was to combine each 15 shares of outstanding units into one new share, with no change in authorized shares or per value per share, and to reduce the number of common units outstanding from approximately <span id="xdx_904_eus-gaap--CommonStockSharesOutstanding_iI_pn1n6_c20190521__us-gaap--ConversionOfStockByUniqueDescriptionAxis__custom--ReverseStockSplitMember_zaabBo20edi6" title="Common units outstanding">164.7</span> million units to approximately <span id="xdx_907_eus-gaap--StockIssuedDuringPeriodSharesReverseStockSplits_pp0n6_c20190101__20190521__srt--StatementScenarioAxis__custom--AfterReverseStockSplitMember__us-gaap--ConversionOfStockByUniqueDescriptionAxis__custom--ReverseStockSplitMember_zCY6iKTO3I7b" title="Stock Issued During Period, Shares, Reverse Stock Splits">11.0</span> million units. <span id="xdx_909_eus-gaap--StockIssuedDuringPeriodSharesStockSplits_pp0p0_c20190101__20190521__us-gaap--ConversionOfStockByUniqueDescriptionAxis__custom--ReverseStockSplitMember_zMS5vP1Hvvqd" title="Stock Issued during period, stock splits">983</span> common units were issued in connection with the reverse stock split. All issued and outstanding common units contained in the financial statements, in accordance with Staff Accounting Bulletin Topic 4C, have been retroactively adjusted to reflect the reverse split for all periods presented.</p> 60780000 253252000 192472000 131547000 32692000 115000000 LIBOR 0.03 1-for-15 164700000 11000000.0 983 <p id="xdx_84B_eus-gaap--ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy_zyQfnMcZQquf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <b><i>(b)</i></b> <b><i> <span id="xdx_861_zvt10ctr3gLa">Principles of consolidation</span>: </i></b>The accompanying consolidated financial statements include Navios Partners' wholly owned subsidiaries incorporated under the laws of Marshall Islands, Malta, and Liberia from their dates of incorporation or, for chartered-in vessels, from the dates charter-in agreements were in effect. All significant inter-company balances and transactions have been eliminated in Navios Partners' consolidated financial statements.</p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Navios Partners also consolidates entities that are determined to be variable interest entities (“VIE”) as defined in the accounting guidance, if it determines that it is the primary beneficiary. A VIE is defined as a legal entity where either (i) equity interest holders as a group lack the characteristics of a controlling financial interest, including decision making ability and an interest in the entity's residual risks and rewards, (ii) the equity holders have not provided sufficient equity investment to permit the entity to finance its activities without additional subordinated financial support, or (iii) the voting rights of some investors are not proportional to their obligations to absorb the expected losses of the entity, their rights to receive the expected residual returns of the entity, or both and substantially all of the entity's activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Subsidiaries:</i></b> Subsidiaries are those entities in which Navios Partners has an interest of more than one half of the voting rights or otherwise has power to govern the financial and operating policies of the entity.</p> <p id="xdx_89A_ecustom--EntitiesIncludedInConsolidationTableTextBlock_zxEAgZxsjni1" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><b>The accompanying consolidated financial statements include the following entities:</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><b/><span id="xdx_8B7_zAtMeUP7wZie" style="display: none">Summary of Significant Accounting Policies - Entities included in consolidation</span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom"> </td> <td id="xdx_484_ecustom--EntityVesselName_zEhnrXdp7aXf" style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center; padding-left: 0pt; vertical-align: bottom"> </td> <td id="xdx_488_ecustom--EntityIncorporationCountryName_zUwqrYpqLi6f" style="font-weight: bold; vertical-align: middle"> </td> <td id="xdx_486_ecustom--StatementOfOperationsCurrentYear_znhaKc205B" style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_489_ecustom--StatementOfOperationsPreviousYear_zpRtAAX8e3P6" style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_484_ecustom--StatementOfOperationsYearMinusTwo_zmPIOoQIr72b" style="font-weight: bold; vertical-align: middle; text-align: center"> </td></tr> <tr> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom"> </td> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center; padding-left: 0pt; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td colspan="3" style="font-weight: bold; vertical-align: middle; text-align: center">Statements of Operations</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 32%">Company name</td> <td style="text-align: center; padding-left: 0pt; font-weight: bold; width: 16%">Vessel name</td> <td style="font-weight: bold; width: 16%">Country of incorporation</td> <td style="font-weight: bold; text-align: center; width: 12%">2020</td> <td style="font-weight: bold; text-align: center; width: 12%">2019</td> <td style="font-weight: bold; text-align: center; width: 12%">2018</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--LibraShippingEnterprisesCorporationMember_z0osGOiSYyGj" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F4B_zHHyXnRAyPXc" style="padding-left: 12px; text-align: left">Libra Shipping Enterprises Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Libra II</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 <span style="font: normal 400 10pt Times New Roman, Times, Serif">–</span> <span style="font: normal 400 8pt Times New Roman, Times, Serif">12/31</span></td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--AlegriaShippingCorporationMember_zUUwilXIBYXc" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Alegria Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Alegria</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 <span style="font: normal 400 10pt Times New Roman, Times, Serif">–</span> <span style="font: normal 400 8pt Times New Roman, Times, Serif">12/31</span></td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--FelicityShippingCorporationMember_zQqqfPReot4i" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F4A_zxmjYQYjfQM6" style="padding-left: 12px; text-align: left">Felicity Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽²⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Felicity</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--GeminiShippingCorporationMember_zj7iU5ZesnL" style="vertical-align: middle"> <td id="xdx_F41_zBNVvtzOOgi5" style="padding-left: 12px; text-align: left">Gemini Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Gemini S</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--GalaxyShippingCorporationMember_zcT1wuuTa6Mj" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F42_z2d0E0RDFSJe" style="padding-left: 12px; text-align: left">Galaxy Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁴⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Galaxy I</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--AuroraShippingEnterprisesLtdMember_znFrSPWXqVS8" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Aurora Shipping Enterprises Ltd.</td> <td style="padding-left: 0pt; text-align: center">Navios Hope</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--PalermoShippingSaMember_zx2jlXMGQDM1" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F4C_zF76NdthO9S7" style="padding-left: 12px; text-align: left">Palermo Shipping S.A.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁵⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Apollon</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--FantastiksShippingCorporationMember_zX0YshtsGaCl" style="vertical-align: middle"> <td id="xdx_F45_zMkA62rKIDW2" style="padding-left: 12px; text-align: left">Fantastiks Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Fantastiks</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--SagittariusShippingCorporationMember_z4SyDlVSzXy6" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F41_z4MvKFGN5Yub" style="padding-left: 12px; text-align: left">Sagittarius Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Sagittarius</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--HyperionEnterprisesIncMember_zeDIB7fD5DKj" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Hyperion Enterprises Inc.</td> <td style="padding-left: 0pt; text-align: center">Navios Hyperion</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--ChilaliCorpMember_z47LXvdqsq84" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Chilali Corp.</td> <td style="padding-left: 0pt; text-align: center">Navios Aurora II</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41B_20200101__20201231__dei--LegalEntityAxis__custom--SurfMaritimeCoMember_z8635o6drrk8" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Surf Maritime Co.</td> <td style="padding-left: 0pt; text-align: center">Navios Pollux</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--PandoraMarineIncMember_zZ4kzbn4kHsc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Pandora Marine Inc.</td> <td style="padding-left: 0pt; text-align: center">Navios Melodia</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--CustomizedDevelopmentSaMember_zlJ5bL0yxUm5" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Customized Development S.A.</td> <td style="padding-left: 0pt; text-align: center">Navios Fulvia</td> <td style="text-align: center">Liberia</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--KohyliaShipmanagementSaMember_z6iGwST5ACsk" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Kohylia Shipmanagement S.A.</td> <td style="padding-left: 0pt; text-align: center">Navios Luz</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--OrbiterShippingCorpMember_zLEWIxjK9je5" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Orbiter Shipping Corp.</td> <td style="padding-left: 0pt; text-align: center">Navios Orbiter</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--FloralMarineLtdMember_zZ18dhzNq1Oj" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Floral Marine Ltd.</td> <td style="padding-left: 0pt; text-align: center">Navios Buena Ventura</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--GolemNavigationLimitedMember_zQybgRRkeJMk" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Golem Navigation Limited<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁶⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Soleil</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--KymataShippingCoMember_z0a4bpMXfulk" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Kymata Shipping Co.</td> <td style="padding-left: 0pt; text-align: center">Navios Helios</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--JoyShippingCorporationMember_zMAAJO64XXG3" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Joy Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Joy</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--MicaelaShippingCorporationMember_zvPXL73yRTC3" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Micaela Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Harmony</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--PearlShippingCorporationMember_ziLJonU0hreg" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Pearl Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Sun</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--VelvetShippingCorporationMember_zr0Vg5sayP28" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Velvet Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios La Paix</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41B_20200101__20201231__dei--LegalEntityAxis__custom--PerigialiNavigationLimitedMember_zKnQsZ1acEU8" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Perigiali Navigation Limited<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Beaufiks</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--FinianNavigationCoMember_zkBPIlkI3fp3" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Finian Navigation Co. <span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Ace</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--AmmosShippingCorpMember_zrkwYNlQwoT5" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Ammos Shipping Corp.</td> <td style="padding-left: 0pt; text-align: center">Navios Prosperity I</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--WaveShippingCorpMember_zeEEt5MIvyEh" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Wave Shipping Corp.</td> <td style="padding-left: 0pt; text-align: center">Navios Libertas</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--CasualShipholdingCoMember_z4HAypI9hqsj" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Casual Shipholding Co. <span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Sol</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--AveryShippingCompanyMember_zNivkzr2fGGj" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Avery Shipping Company</td> <td style="padding-left: 0pt; text-align: center">Navios Symphony</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--CoastersVenturesLtdMember_zD5o15LkJi51" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Coasters Ventures Ltd.</td> <td style="padding-left: 0pt; text-align: center">Navios Christine B</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--IantheMaritimeSAMember_ztdLxVqo1M3a" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Ianthe Maritime S.A.</td> <td style="padding-left: 0pt; text-align: center">Navios Aster</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--RubinaShippingCorporationMember_zbZlYWdkoXti" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Rubina Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Hongkong</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--TopazShippingCorporationMember_zA2EFa8HSoM4" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Topaz Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Singapore</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--BerylShippingCorporationMember_zzBV8KJzEE3l" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Beryl Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Tokyo</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--CherylShippingCorporationMember_z7uh9SXc5Zlc" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Cheryl Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Shanghai</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--ChristalShippingCorporationMember_zl5Pa5QaDM5f" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Christal Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Busan</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--FairyShippingCorporationMember_zdR3DlRMNyZi" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Fairy Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁶⁾</span></td> <td style="padding-left: 0pt; text-align: center">YM Utmost</td> <td style="text-align: center">Marshall Is.</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="padding-right: 12px; text-align: center">   1/01 – 7/02</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--LimestoneShippingCorporationMember_zWLmFqNH0T4" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Limestone Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁶⁾</span></td> <td style="padding-left: 0pt; text-align: center">YM Unity</td> <td style="text-align: center">Marshall Is.</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="padding-right: 12px; text-align: center">   1/01 – 7/02</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--DuneShippingCorporationMember_zOqrUZgHzl9g" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Dune Shipping Corp.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁷⁾</span></td> <td style="padding-left: 0pt; text-align: center">MSC Cristina</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--CitrineShippingCorporationMember_zJDmKzAothsk" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Citrine Shipping Corporation</td> <td style="padding-left: 0pt; font-size: 10pt; text-align: center">—</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--CavalliNavigationIncMember_zTW7EdODrQUd" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Cavalli Navigation Inc.</td> <td style="padding-left: 0pt; font-size: 10pt; text-align: center">—</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--SeymourTradingLimitedMember_zyRAGUg9R4Td" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Seymour Trading Limited</td> <td style="padding-left: 0pt; text-align: center">Navios Altair I</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 6/07 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--GoldieServicesCompanyMember_zrDajokS1Ct8" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Goldie Services Company</td> <td style="padding-left: 0pt; text-align: center">Navios Symmetry</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 5/21 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--AndromedaShiptradeLimitedMember_z6lmfz5iqm6j" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Andromeda Shiptrade Limited</td> <td style="padding-left: 0pt; text-align: center">Navios Apollon I</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 5/09 – 12/31</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--EsmeraldaShippingCorporationMember_zKAcvwRbsK0c" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Esmeralda Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Sphera</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 8/31 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--TriangleShippingCorporationMember_zdxmV5ZAZRkc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Triangle Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Mars</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 8/31 – 12/31</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--OceanusShippingCorporationMember_zAryZohhiFl3" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Oceanus Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Castor N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--CronusShippingCorporationMember_z7iIUH7fQjQh" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Cronus Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Protostar N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--LetoShippingCorporationMember_zKJe7FE5gkE6" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Leto Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Esperanza N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--DionysusShippingCorporationMember_zjapsnyH8YJj" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Dionysus Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Harmony N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--PrometheusShippingCorporationMember_zCPu1OnIMw58" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Prometheus Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Solar N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--CameliaShippingIncMember_zDKceKSP46Xc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Camelia Shipping Inc.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Camelia</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/16 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--AnthosShippingIncMember_zANzdxq5Fed" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Anthos Shipping Inc.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Anthos</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/16 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--AzaleaShippingIncMember_zwPOqb2ZiiL" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Azalea Shipping Inc.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Azalea</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/16 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41D_20200101__20201231__dei--LegalEntityAxis__custom--AmaryllisShippingIncMember_zrq3fB7OI7P6" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Amaryllis Shipping Inc.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Amaryllis</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/16 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--ZaffreShippingMember_zQw1cykYPRYc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Zaffre Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾ </span></td> <td style="padding-left: 0pt; text-align: center">Serenitas N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--WengeShippingMember_zvz7vHtyTJp4" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Wenge Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾</span></td> <td style="padding-left: 0pt; text-align: center">Joie N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--SunstoneShippingMember_z0B4PKd4fGGc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Sunstone Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾ </span></td> <td style="padding-left: 0pt; text-align: center">Copernicus N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--FandangoShippingMember_zDeNBqzdDrBa" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Fandango Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾ </span></td> <td style="padding-left: 0pt; text-align: center">Unity N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--FlavescentShippingMember_zxnMwV4Jr8Oc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Flavescent Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾ </span></td> <td style="padding-left: 0pt; text-align: center">Odysseus N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--EmeryShippingCorporationMember_zO4NLlMTPwkj" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Emery Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁵⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Gem</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">9/30 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--RondineManagementIncMember_zdWO8N7pE5K6" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Rondine Management Inc. <span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁵⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Victory</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">9/30 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 12px; font-weight: bold; text-align: left">Bareboat Chartered-in vessels</td> <td style="padding-left: 10pt; text-align: center"> </td> <td style="padding-left: 12px; text-align: left"> </td> <td style="padding-right: 12px; text-align: center"> </td> <td style="padding-right: 12px; text-align: center"> </td> <td style="padding-left: 12px; text-align: center"> </td></tr> <tr id="xdx_410_20200101__20201231__dei--LegalEntityAxis__custom--CavosNavigationCoMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--BareboatCharteredInVesselsMember_z3oTDFZCZxPh" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Cavos Navigation Co.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁰⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Libra</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">  1/01 – 12/31</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--PerivoiaShipmanagementCoMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--BareboatCharteredInVesselsMember_zbf1n19G6uB6" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Perivoia Shipmanagement Co.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹¹⁾</span></td> <td style="padding-left: 0pt; text-align: center"> Navios TBN1</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">9/25 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--PleioneManagementLimitedMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--BareboatCharteredInVesselsMember_zj2ZgiScqMo8" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Pleione Management Limited<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹¹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios TBN2</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">9/25 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr> <td style="padding-left: 12px; font-weight: bold; vertical-align: middle; text-align: left">Other</td> <td style="padding-left: 10pt; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 12px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 12px; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 12px; vertical-align: middle; text-align: center"> </td> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center; padding-left: 12px; vertical-align: top"> </td></tr> <tr id="xdx_41B_20200101__20201231__dei--LegalEntityAxis__custom--ProsperityShippingCorporationMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zuHvmFagbGic" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Prosperity Shipping Corporation</td> <td style="padding-left: 0pt; font-size: 10pt; text-align: center">—</td> <td style="text-align: center">Marshall Is.</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--AldebaranShippingCorporationMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zzkORmLtgFhh" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Aldebaran Shipping Corporation</td> <td style="padding-left: 0pt; font-size: 10pt; text-align: center">—</td> <td style="text-align: center">Marshall Is.</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--JTCShippingTradingLtdMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zwMk3Nq2mMT9" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">JTC Shipping and Trading Ltd.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹²⁾</span></td> <td style="padding-left: 0pt; text-align: center">Holding Company</td> <td style="text-align: center">Malta</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--NaviosMaritimePartnersLpMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zWIvOaaH79N9" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Navios Maritime Partners L.P.</td> <td style="padding-left: 0pt; text-align: center">N/A</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--NaviosMaritimeOperatingLlcMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_z1VGm5m7hNWa" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Navios Maritime Operating LLC.</td> <td style="padding-left: 0pt; text-align: center">N/A</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--NaviosPartnersFinanceUSIncMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zrJ0pxODTrEg" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Navios Partners Finance (US) Inc.</td> <td style="padding-left: 0pt; text-align: center">Co-Borrower</td> <td style="text-align: center">Delaware</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--NaviosPartnersEuropeFinanceIncMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zw5Cp4ujjAag" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Navios Partners Europe Finance Inc.</td> <td style="padding-left: 0pt; text-align: center">Sub-Holding Company</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> </table> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"/> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; text-indent: -21.25pt; margin-right: 0; margin-bottom: 0; margin-left: 1cm"> </p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; text-indent: -21.25pt; margin-right: 0; margin-bottom: 0; margin-left: 1cm"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(1)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessel was sold on December 14, 2018 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td id="xdx_F07_zT1BkbQgH2x1" style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(2)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessel was sold on December 4, 2018 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(3<b>)</b></td> <td style="width: 5pt"/> <td style="text-align: justify">The vessel was sold on December 21, 2017.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(4)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessel was sold on April 23, 2019 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(5)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessel was sold on April 21, 2017.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(6)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessels were sold on July 2, 2018 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(7)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessel was sold on January 12, 2017.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(8)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessels were acquired on December 13, 2019, following the liquidation of Navios Europe I (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(9)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessels were acquired on December 16, 2019 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(10)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessel was delivered on July 24, 2019 (see Note 22 </span>– <span style="font-family: Times New Roman, Times, Serif">Leases).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(11)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessels are expected to be delivered by the first half of 2021 (see Note 15 </span>– <span style="font-family: Times New Roman, Times, Serif">Commitments and Contingencies).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(12)</td> <td style="width: 5pt"/> <td style="text-align: justify">Not a vessel-owning subsidiary and only holds right to charter-in contracts.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(13)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Vessels under a sale and leaseback transaction (see Note 22 </span>– <span style="font-family: Times New Roman, Times, Serif">Leases).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(14)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessels were acquired on June 29, 2020, following the liquidation of Navios Europe II (see Note 6– Vessels, net).</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(15)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessels were acquired on September 30, 2020, from Navios Holdings (see Note 6 – Vessels, net).</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(16)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessel was sold on December 10, 2020 (see Note 6 – Vessels, net).</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt"> </p> <p id="xdx_8A0_zZaSzcWXG1v8" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt"/> <p style="font: 10pt Times New Roman, Times, Serif; text-indent: -24.5pt; margin-top: 0; margin-right: 0; margin-left: 24.5pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify"><b><i/></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Investments in Affiliates:</i></b> Affiliates are entities over which the Company generally has between 20% and 50% of the voting rights, or over which the Company has significant influence, but it does not exercise control. Investments in these entities are accounted for under the equity method of accounting. Under this method, the Company records an investment in the stock of an affiliate at cost, and adjusts the carrying amount for its share of the earnings or losses of the affiliate subsequent to the date of investment and reports the recognized earnings or losses in income. Dividends received from an affiliate reduce the carrying amount of the investment. The Company recognizes gains and losses in earnings for the issuance of shares by its affiliates, provided that the issuance of such shares qualifies as a sale of such shares. When the Company's share of losses in an affiliate equals or exceeds its interest in the affiliate, the Company does not recognize further losses, unless the Company has incurred obligations or made payments on behalf of the affiliate.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify"><b><i>Affiliates included in the financial statements accounted for under the equity method:</i></b> In the consolidated financial statements of Navios Partners, the following entities are included as affiliates and are accounted for under the equity method for such periods: (i) Navios Containers and its subsidiaries with an ownership interest <span id="xdx_906_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_uPure_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zhHDCiLHFZFk" title="Ownership percentage">35.7%</span> as of December 31, 2020; (ii) Navios Europe I and its subsidiaries with an ownership interest of <span id="xdx_900_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_uPure_c20191213__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIMember_zcr27qLX53Qd">5%</span> through the date of its liquidation on December 13, 2019; and (iii) Navios Europe II and its subsidiaries with an ownership interest of <span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_uPure_c20200629__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIIMember_z5Vp2gYgcoB5">5%</span> through the date of its liquidation on June 29, 2020 <span style="background-color: white">(See Note 17 </span>— Transactions with related parties and affiliates <span style="background-color: white">and Note 19 </span>– Investment in affiliates<span style="background-color: white">)</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify">Navios Partners evaluates its investment in Navios Containers for other than temporary impairment (“OTTI”) on a quarterly basis. Consideration is given to: (i) the length of time and the extent to which the fair value has been less than the carrying value; (ii) the financial condition and near-term prospects of Navios Containers; and (iii) the intent and ability of the Company to retain its investment in Navios Containers, for a period of time sufficient to allow for any anticipated recovery in fair value (see Note 19 — <span style="background-color: white">Investment in affiliates</span>).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify"/> <p id="xdx_89A_ecustom--EntitiesIncludedInConsolidationTableTextBlock_zxEAgZxsjni1" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><b>The accompanying consolidated financial statements include the following entities:</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><b/><span id="xdx_8B7_zAtMeUP7wZie" style="display: none">Summary of Significant Accounting Policies - Entities included in consolidation</span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom"> </td> <td id="xdx_484_ecustom--EntityVesselName_zEhnrXdp7aXf" style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center; padding-left: 0pt; vertical-align: bottom"> </td> <td id="xdx_488_ecustom--EntityIncorporationCountryName_zUwqrYpqLi6f" style="font-weight: bold; vertical-align: middle"> </td> <td id="xdx_486_ecustom--StatementOfOperationsCurrentYear_znhaKc205B" style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_489_ecustom--StatementOfOperationsPreviousYear_zpRtAAX8e3P6" style="font-weight: bold; vertical-align: middle; text-align: center"> </td> <td id="xdx_484_ecustom--StatementOfOperationsYearMinusTwo_zmPIOoQIr72b" style="font-weight: bold; vertical-align: middle; text-align: center"> </td></tr> <tr> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom"> </td> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center; padding-left: 0pt; vertical-align: bottom"> </td> <td style="font-weight: bold; vertical-align: middle"> </td> <td colspan="3" style="font-weight: bold; vertical-align: middle; text-align: center">Statements of Operations</td></tr> <tr style="vertical-align: middle"> <td style="font-weight: bold; width: 32%">Company name</td> <td style="text-align: center; padding-left: 0pt; font-weight: bold; width: 16%">Vessel name</td> <td style="font-weight: bold; width: 16%">Country of incorporation</td> <td style="font-weight: bold; text-align: center; width: 12%">2020</td> <td style="font-weight: bold; text-align: center; width: 12%">2019</td> <td style="font-weight: bold; text-align: center; width: 12%">2018</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--LibraShippingEnterprisesCorporationMember_z0osGOiSYyGj" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F4B_zHHyXnRAyPXc" style="padding-left: 12px; text-align: left">Libra Shipping Enterprises Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Libra II</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 <span style="font: normal 400 10pt Times New Roman, Times, Serif">–</span> <span style="font: normal 400 8pt Times New Roman, Times, Serif">12/31</span></td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--AlegriaShippingCorporationMember_zUUwilXIBYXc" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Alegria Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Alegria</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 <span style="font: normal 400 10pt Times New Roman, Times, Serif">–</span> <span style="font: normal 400 8pt Times New Roman, Times, Serif">12/31</span></td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--FelicityShippingCorporationMember_zQqqfPReot4i" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F4A_zxmjYQYjfQM6" style="padding-left: 12px; text-align: left">Felicity Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽²⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Felicity</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--GeminiShippingCorporationMember_zj7iU5ZesnL" style="vertical-align: middle"> <td id="xdx_F41_zBNVvtzOOgi5" style="padding-left: 12px; text-align: left">Gemini Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Gemini S</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--GalaxyShippingCorporationMember_zcT1wuuTa6Mj" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F42_z2d0E0RDFSJe" style="padding-left: 12px; text-align: left">Galaxy Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁴⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Galaxy I</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--AuroraShippingEnterprisesLtdMember_znFrSPWXqVS8" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Aurora Shipping Enterprises Ltd.</td> <td style="padding-left: 0pt; text-align: center">Navios Hope</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--PalermoShippingSaMember_zx2jlXMGQDM1" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F4C_zF76NdthO9S7" style="padding-left: 12px; text-align: left">Palermo Shipping S.A.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁵⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Apollon</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--FantastiksShippingCorporationMember_zX0YshtsGaCl" style="vertical-align: middle"> <td id="xdx_F45_zMkA62rKIDW2" style="padding-left: 12px; text-align: left">Fantastiks Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Fantastiks</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--SagittariusShippingCorporationMember_z4SyDlVSzXy6" style="vertical-align: middle; background-color: #CCECFF"> <td id="xdx_F41_z4MvKFGN5Yub" style="padding-left: 12px; text-align: left">Sagittarius Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Sagittarius</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--HyperionEnterprisesIncMember_zeDIB7fD5DKj" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Hyperion Enterprises Inc.</td> <td style="padding-left: 0pt; text-align: center">Navios Hyperion</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--ChilaliCorpMember_z47LXvdqsq84" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Chilali Corp.</td> <td style="padding-left: 0pt; text-align: center">Navios Aurora II</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41B_20200101__20201231__dei--LegalEntityAxis__custom--SurfMaritimeCoMember_z8635o6drrk8" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Surf Maritime Co.</td> <td style="padding-left: 0pt; text-align: center">Navios Pollux</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--PandoraMarineIncMember_zZ4kzbn4kHsc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Pandora Marine Inc.</td> <td style="padding-left: 0pt; text-align: center">Navios Melodia</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--CustomizedDevelopmentSaMember_zlJ5bL0yxUm5" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Customized Development S.A.</td> <td style="padding-left: 0pt; text-align: center">Navios Fulvia</td> <td style="text-align: center">Liberia</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--KohyliaShipmanagementSaMember_z6iGwST5ACsk" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Kohylia Shipmanagement S.A.</td> <td style="padding-left: 0pt; text-align: center">Navios Luz</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--OrbiterShippingCorpMember_zLEWIxjK9je5" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Orbiter Shipping Corp.</td> <td style="padding-left: 0pt; text-align: center">Navios Orbiter</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--FloralMarineLtdMember_zZ18dhzNq1Oj" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Floral Marine Ltd.</td> <td style="padding-left: 0pt; text-align: center">Navios Buena Ventura</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--GolemNavigationLimitedMember_zQybgRRkeJMk" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Golem Navigation Limited<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁶⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Soleil</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--KymataShippingCoMember_z0a4bpMXfulk" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Kymata Shipping Co.</td> <td style="padding-left: 0pt; text-align: center">Navios Helios</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--JoyShippingCorporationMember_zMAAJO64XXG3" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Joy Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Joy</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--MicaelaShippingCorporationMember_zvPXL73yRTC3" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Micaela Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Harmony</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--PearlShippingCorporationMember_ziLJonU0hreg" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Pearl Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Sun</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--VelvetShippingCorporationMember_zr0Vg5sayP28" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Velvet Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios La Paix</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41B_20200101__20201231__dei--LegalEntityAxis__custom--PerigialiNavigationLimitedMember_zKnQsZ1acEU8" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Perigiali Navigation Limited<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Beaufiks</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--FinianNavigationCoMember_zkBPIlkI3fp3" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Finian Navigation Co. <span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Ace</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--AmmosShippingCorpMember_zrkwYNlQwoT5" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Ammos Shipping Corp.</td> <td style="padding-left: 0pt; text-align: center">Navios Prosperity I</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--WaveShippingCorpMember_zeEEt5MIvyEh" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Wave Shipping Corp.</td> <td style="padding-left: 0pt; text-align: center">Navios Libertas</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--CasualShipholdingCoMember_z4HAypI9hqsj" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Casual Shipholding Co. <span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹³⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Sol</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--AveryShippingCompanyMember_zNivkzr2fGGj" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Avery Shipping Company</td> <td style="padding-left: 0pt; text-align: center">Navios Symphony</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--CoastersVenturesLtdMember_zD5o15LkJi51" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Coasters Ventures Ltd.</td> <td style="padding-left: 0pt; text-align: center">Navios Christine B</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--IantheMaritimeSAMember_ztdLxVqo1M3a" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Ianthe Maritime S.A.</td> <td style="padding-left: 0pt; text-align: center">Navios Aster</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--RubinaShippingCorporationMember_zbZlYWdkoXti" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Rubina Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Hongkong</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--TopazShippingCorporationMember_zA2EFa8HSoM4" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Topaz Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Singapore</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--BerylShippingCorporationMember_zzBV8KJzEE3l" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Beryl Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Tokyo</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--CherylShippingCorporationMember_z7uh9SXc5Zlc" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Cheryl Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Shanghai</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--ChristalShippingCorporationMember_zl5Pa5QaDM5f" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Christal Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Hyundai Busan</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--FairyShippingCorporationMember_zdR3DlRMNyZi" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Fairy Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁶⁾</span></td> <td style="padding-left: 0pt; text-align: center">YM Utmost</td> <td style="text-align: center">Marshall Is.</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="padding-right: 12px; text-align: center">   1/01 – 7/02</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--LimestoneShippingCorporationMember_zWLmFqNH0T4" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Limestone Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁶⁾</span></td> <td style="padding-left: 0pt; text-align: center">YM Unity</td> <td style="text-align: center">Marshall Is.</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="padding-right: 12px; text-align: center">   1/01 – 7/02</td></tr> <tr id="xdx_419_20200101__20201231__dei--LegalEntityAxis__custom--DuneShippingCorporationMember_zOqrUZgHzl9g" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Dune Shipping Corp.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁷⁾</span></td> <td style="padding-left: 0pt; text-align: center">MSC Cristina</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41E_20200101__20201231__dei--LegalEntityAxis__custom--CitrineShippingCorporationMember_zJDmKzAothsk" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Citrine Shipping Corporation</td> <td style="padding-left: 0pt; font-size: 10pt; text-align: center">—</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--CavalliNavigationIncMember_zTW7EdODrQUd" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Cavalli Navigation Inc.</td> <td style="padding-left: 0pt; font-size: 10pt; text-align: center">—</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--SeymourTradingLimitedMember_zyRAGUg9R4Td" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Seymour Trading Limited</td> <td style="padding-left: 0pt; text-align: center">Navios Altair I</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 6/07 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--GoldieServicesCompanyMember_zrDajokS1Ct8" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Goldie Services Company</td> <td style="padding-left: 0pt; text-align: center">Navios Symmetry</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 5/21 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--AndromedaShiptradeLimitedMember_z6lmfz5iqm6j" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Andromeda Shiptrade Limited</td> <td style="padding-left: 0pt; text-align: center">Navios Apollon I</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 5/09 – 12/31</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--EsmeraldaShippingCorporationMember_zKAcvwRbsK0c" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Esmeralda Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Sphera</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 8/31 – 12/31</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--TriangleShippingCorporationMember_zdxmV5ZAZRkc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Triangle Shipping Corporation</td> <td style="padding-left: 0pt; text-align: center">Navios Mars</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 8/31 – 12/31</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--OceanusShippingCorporationMember_zAryZohhiFl3" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Oceanus Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Castor N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_411_20200101__20201231__dei--LegalEntityAxis__custom--CronusShippingCorporationMember_z7iIUH7fQjQh" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Cronus Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Protostar N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--LetoShippingCorporationMember_zKJe7FE5gkE6" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Leto Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Esperanza N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--DionysusShippingCorporationMember_zjapsnyH8YJj" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Dionysus Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Harmony N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_415_20200101__20201231__dei--LegalEntityAxis__custom--PrometheusShippingCorporationMember_zCPu1OnIMw58" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Prometheus Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁸⁾</span></td> <td style="padding-left: 0pt; text-align: center">Solar N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/13 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--CameliaShippingIncMember_zDKceKSP46Xc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Camelia Shipping Inc.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Camelia</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/16 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--AnthosShippingIncMember_zANzdxq5Fed" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Anthos Shipping Inc.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Anthos</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/16 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--AzaleaShippingIncMember_zwPOqb2ZiiL" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Azalea Shipping Inc.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Azalea</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/16 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41D_20200101__20201231__dei--LegalEntityAxis__custom--AmaryllisShippingIncMember_zrq3fB7OI7P6" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Amaryllis Shipping Inc.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽⁹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Amaryllis</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">12/16 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_416_20200101__20201231__dei--LegalEntityAxis__custom--ZaffreShippingMember_zQw1cykYPRYc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Zaffre Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾ </span></td> <td style="padding-left: 0pt; text-align: center">Serenitas N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--WengeShippingMember_zvz7vHtyTJp4" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Wenge Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾</span></td> <td style="padding-left: 0pt; text-align: center">Joie N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41F_20200101__20201231__dei--LegalEntityAxis__custom--SunstoneShippingMember_z0B4PKd4fGGc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Sunstone Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾ </span></td> <td style="padding-left: 0pt; text-align: center">Copernicus N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--FandangoShippingMember_zDeNBqzdDrBa" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Fandango Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾ </span></td> <td style="padding-left: 0pt; text-align: center">Unity N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--FlavescentShippingMember_zxnMwV4Jr8Oc" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Flavescent Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁴⁾ </span></td> <td style="padding-left: 0pt; text-align: center">Odysseus N</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">6/29 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--EmeryShippingCorporationMember_zO4NLlMTPwkj" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Emery Shipping Corporation<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁵⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Gem</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">9/30 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--RondineManagementIncMember_zdWO8N7pE5K6" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Rondine Management Inc. <span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁵⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Victory</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center">9/30 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr style="vertical-align: middle"> <td style="padding-left: 12px; font-weight: bold; text-align: left">Bareboat Chartered-in vessels</td> <td style="padding-left: 10pt; text-align: center"> </td> <td style="padding-left: 12px; text-align: left"> </td> <td style="padding-right: 12px; text-align: center"> </td> <td style="padding-right: 12px; text-align: center"> </td> <td style="padding-left: 12px; text-align: center"> </td></tr> <tr id="xdx_410_20200101__20201231__dei--LegalEntityAxis__custom--CavosNavigationCoMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--BareboatCharteredInVesselsMember_z3oTDFZCZxPh" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Cavos Navigation Co.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹⁰⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios Libra</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">  1/01 – 12/31</td></tr> <tr id="xdx_417_20200101__20201231__dei--LegalEntityAxis__custom--PerivoiaShipmanagementCoMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--BareboatCharteredInVesselsMember_zbf1n19G6uB6" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Perivoia Shipmanagement Co.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹¹⁾</span></td> <td style="padding-left: 0pt; text-align: center"> Navios TBN1</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">9/25 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_413_20200101__20201231__dei--LegalEntityAxis__custom--PleioneManagementLimitedMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--BareboatCharteredInVesselsMember_zj2ZgiScqMo8" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Pleione Management Limited<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹¹⁾</span></td> <td style="padding-left: 0pt; text-align: center">Navios TBN2</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">9/25 – 12/31</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr> <td style="padding-left: 12px; font-weight: bold; vertical-align: middle; text-align: left">Other</td> <td style="padding-left: 10pt; vertical-align: middle; text-align: center"> </td> <td style="padding-left: 12px; vertical-align: middle; text-align: left"> </td> <td style="padding-left: 12px; vertical-align: middle; text-align: center"> </td> <td style="padding-right: 12px; vertical-align: middle; text-align: center"> </td> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center; padding-left: 12px; vertical-align: top"> </td></tr> <tr id="xdx_41B_20200101__20201231__dei--LegalEntityAxis__custom--ProsperityShippingCorporationMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zuHvmFagbGic" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Prosperity Shipping Corporation</td> <td style="padding-left: 0pt; font-size: 10pt; text-align: center">—</td> <td style="text-align: center">Marshall Is.</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--AldebaranShippingCorporationMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zzkORmLtgFhh" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Aldebaran Shipping Corporation</td> <td style="padding-left: 0pt; font-size: 10pt; text-align: center">—</td> <td style="text-align: center">Marshall Is.</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td> <td style="font-size: 10pt; text-align: center">—</td></tr> <tr id="xdx_418_20200101__20201231__dei--LegalEntityAxis__custom--JTCShippingTradingLtdMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zwMk3Nq2mMT9" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">JTC Shipping and Trading Ltd.<span style="font: normal 400 8pt Times New Roman, Times, Serif">⁽¹²⁾</span></td> <td style="padding-left: 0pt; text-align: center">Holding Company</td> <td style="text-align: center">Malta</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_412_20200101__20201231__dei--LegalEntityAxis__custom--NaviosMaritimePartnersLpMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zWIvOaaH79N9" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Navios Maritime Partners L.P.</td> <td style="padding-left: 0pt; text-align: center">N/A</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41A_20200101__20201231__dei--LegalEntityAxis__custom--NaviosMaritimeOperatingLlcMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_z1VGm5m7hNWa" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Navios Maritime Operating LLC.</td> <td style="padding-left: 0pt; text-align: center">N/A</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_41C_20200101__20201231__dei--LegalEntityAxis__custom--NaviosPartnersFinanceUSIncMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zrJ0pxODTrEg" style="vertical-align: middle"> <td style="padding-left: 12px; text-align: left">Navios Partners Finance (US) Inc.</td> <td style="padding-left: 0pt; text-align: center">Co-Borrower</td> <td style="text-align: center">Delaware</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> <tr id="xdx_414_20200101__20201231__dei--LegalEntityAxis__custom--NaviosPartnersEuropeFinanceIncMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OtherVesselMember_zw5Cp4ujjAag" style="vertical-align: middle; background-color: #CCECFF"> <td style="padding-left: 12px; text-align: left">Navios Partners Europe Finance Inc.</td> <td style="padding-left: 0pt; text-align: center">Sub-Holding Company</td> <td style="text-align: center">Marshall Is.</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center"> 1/01 – 12/31</td> <td style="padding-right: 12px; text-align: center">1/01 – 12/31</td></tr> </table> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"/> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; text-indent: -21.25pt; margin-right: 0; margin-bottom: 0; margin-left: 1cm"> </p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; text-indent: -21.25pt; margin-right: 0; margin-bottom: 0; margin-left: 1cm"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(1)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessel was sold on December 14, 2018 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td id="xdx_F07_zT1BkbQgH2x1" style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(2)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessel was sold on December 4, 2018 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(3<b>)</b></td> <td style="width: 5pt"/> <td style="text-align: justify">The vessel was sold on December 21, 2017.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(4)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessel was sold on April 23, 2019 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(5)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessel was sold on April 21, 2017.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(6)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessels were sold on July 2, 2018 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(7)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessel was sold on January 12, 2017.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(8)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessels were acquired on December 13, 2019, following the liquidation of Navios Europe I (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(9)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessels were acquired on December 16, 2019 (see Note 6 </span>– <span style="font-family: Times New Roman, Times, Serif">Vessels, net).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(10)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessel was delivered on July 24, 2019 (see Note 22 </span>– <span style="font-family: Times New Roman, Times, Serif">Leases).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(11)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The vessels are expected to be delivered by the first half of 2021 (see Note 15 </span>– <span style="font-family: Times New Roman, Times, Serif">Commitments and Contingencies).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(12)</td> <td style="width: 5pt"/> <td style="text-align: justify">Not a vessel-owning subsidiary and only holds right to charter-in contracts.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(13)</span></td> <td style="width: 5pt"/> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Vessels under a sale and leaseback transaction (see Note 22 </span>– <span style="font-family: Times New Roman, Times, Serif">Leases).</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(14)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessels were acquired on June 29, 2020, following the liquidation of Navios Europe II (see Note 6– Vessels, net).</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(15)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessels were acquired on September 30, 2020, from Navios Holdings (see Note 6 – Vessels, net).</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(16)</td> <td style="width: 5pt"/> <td style="text-align: justify">The vessel was sold on December 10, 2020 (see Note 6 – Vessels, net).</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt"> </p> Navios Libra II Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Alegria Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Felicity Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Gemini S Marshall Is. 1/01 – 12/31 1/01 – 12/31  1/01 – 12/31 Navios Galaxy I Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Hope Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Apollon Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Fantastiks Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Sagittarius Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Hyperion Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Aurora II Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Pollux Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Melodia Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Fulvia Liberia  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Luz Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Orbiter Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Buena Ventura Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Soleil Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Helios Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Joy Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Harmony Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Sun Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios La Paix Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Beaufiks Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Ace Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Prosperity I Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Libertas Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Sol Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Symphony Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Christine B Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Aster Marshall Is.  1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Hyundai Hongkong Marshall Is.  1/01 – 12/31  1/01 – 12/31 1/01 – 12/31 Hyundai Singapore Marshall Is.  1/01 – 12/31  1/01 – 12/31 1/01 – 12/31 Hyundai Tokyo Marshall Is.  1/01 – 12/31  1/01 – 12/31 1/01 – 12/31 Hyundai Shanghai Marshall Is.  1/01 – 12/31  1/01 – 12/31 1/01 – 12/31 Hyundai Busan Marshall Is.  1/01 – 12/31  1/01 – 12/31 1/01 – 12/31 YM Utmost Marshall Is. — —    1/01 – 7/02 YM Unity Marshall Is. — —    1/01 – 7/02 MSC Cristina Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 — Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 — Marshall Is. 1/01 – 12/31 1/01 – 12/31 1/01 – 12/31 Navios Altair I Marshall Is.  1/01 – 12/31 1/01 – 12/31  6/07 – 12/31 Navios Symmetry Marshall Is.  1/01 – 12/31 1/01 – 12/31  5/21 – 12/31 Navios Apollon I Marshall Is.  1/01 – 12/31 1/01 – 12/31  5/09 – 12/31 Navios Sphera Marshall Is.  1/01 – 12/31 1/01 – 12/31  8/31 – 12/31 Navios Mars Marshall Is.  1/01 – 12/31 1/01 – 12/31  8/31 – 12/31 Castor N Marshall Is. 1/01 – 12/31 12/13 – 12/31 — Protostar N Marshall Is. 1/01 – 12/31 12/13 – 12/31 — Esperanza N Marshall Is. 1/01 – 12/31 12/13 – 12/31 — Harmony N Marshall Is. 1/01 – 12/31 12/13 – 12/31 — Solar N Marshall Is. 1/01 – 12/31 12/13 – 12/31 — Navios Camelia Marshall Is. 1/01 – 12/31 12/16 – 12/31 — Navios Anthos Marshall Is. 1/01 – 12/31 12/16 – 12/31 — Navios Azalea Marshall Is. 1/01 – 12/31 12/16 – 12/31 — Navios Amaryllis Marshall Is. 1/01 – 12/31 12/16 – 12/31 — Serenitas N Marshall Is. 6/29 – 12/31 — — Joie N Marshall Is. 6/29 – 12/31 — — Copernicus N Marshall Is. 6/29 – 12/31 — — Unity N Marshall Is. 6/29 – 12/31 — — Odysseus N Marshall Is. 6/29 – 12/31 — — Navios Gem Marshall Is. 9/30 – 12/31 — — Navios Victory Marshall Is. 9/30 – 12/31 — — Navios Libra Marshall Is.  1/01 – 12/31 1/01 – 12/31   1/01 – 12/31  Navios TBN1 Marshall Is.  1/01 – 12/31 9/25 – 12/31 — Navios TBN2 Marshall Is.  1/01 – 12/31 9/25 – 12/31 — — Marshall Is. — — — — Marshall Is. — — — Holding Company Malta  1/01 – 12/31  1/01 – 12/31 1/01 – 12/31 N/A Marshall Is.  1/01 – 12/31  1/01 – 12/31 1/01 – 12/31 N/A Marshall Is.  1/01 – 12/31  1/01 – 12/31 1/01 – 12/31 Co-Borrower Delaware  1/01 – 12/31  1/01 – 12/31 1/01 – 12/31 Sub-Holding Company Marshall Is.  1/01 – 12/31  1/01 – 12/31 1/01 – 12/31 0.357 0.05 0.05 <p id="xdx_846_eus-gaap--UseOfEstimates_z4jH6jZy0QE3" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(c)</i></b>  <b><i><span id="xdx_863_zdOxbOY9pWp4">Use of Estimates</span>:</i></b> The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. On an on-going basis, management evaluates the estimates and judgments, including those related to uncompleted voyages, future drydock dates, the selection of useful lives for tangible assets and scrap value expected future cash flows from long-lived assets to support impairment tests, provisions necessary for accounts receivable, provisions for legal disputes, and contingencies and the valuation estimates inherent in the deconsolidation gain. Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates under different assumptions and/or conditions. As of December 31, 2020, the impact of the COVID-19 pandemic continues to unfold and may continue to affect the Company’s business, financial performance and the results of its operations, including due to decreased demand for global seaborne dry bulk and container trade and dry bulk and containership charter rates, the extent of which will depend largely on future developments. As a result, many of the Company’s estimates and assumptions required increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, its estimates may change in future periods.</p> <p id="xdx_843_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_ztoRifTFvc75" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(d)</i></b>  <b><i><span id="xdx_866_zZMU0ffDDJjd">Cash and Cash Equivalents</span>:</i></b> Cash and cash equivalents consist of cash on hand, deposits held on call with banks, and other short-term liquid investments with original maturities of three months or less.</p> <p id="xdx_845_eus-gaap--CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_zy1evSv0ZbO1" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(e)</i></b>  <b><i><span id="xdx_860_zgWas5FGoeYh">Restricted Cash</span></i>:</b> Restricted cash, at each of December 31, 2020 and December 31, 2019, included $<span id="xdx_903_eus-gaap--RestrictedCashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20201231__us-gaap--RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis__custom--RetentionAccountsRequiredByCreditFacilitiesMember_zi8j8LEjrM71">6,152</span> and $<span id="xdx_90E_eus-gaap--RestrictedCashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20191231__us-gaap--RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis__custom--RetentionAccountsRequiredByCreditFacilitiesMember_zocZNZAhZ6xe">7,048</span>, respectively, which related to amounts held in retention accounts in order to service debt and interest payments, as required by certain of Navios Partners' credit facilities. Also, as of December 31, 2020, restricted cash included $<span id="xdx_900_eus-gaap--CashCollateralForBorrowedSecurities_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_z24Nv6CBhiFg">5,273</span> as cash collateral to the NIBC Credit Facility, due to the release of the Navios Soleil.</p> 6152000 7048000 5273000 <p id="xdx_84C_eus-gaap--ReceivablesPolicyTextBlock_zUhM2vHqkGS5" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(f)</i></b>  <span id="xdx_86A_zA2p7LfMnO09"><b><i>Accounts Receivable, Net</i></b></span><b><i>:</i></b> Accounts receivable includes receivables from charterers for hire, freight and demurrage billings. On January 1, 2020, the Company adopted Accounting Standards Update 2016-13, “Financial Instruments - Credit Losses” (“ASC 326”). At each balance sheet date, the Company maintains an allowance for credit losses for expected uncollectible accounts receivable. The amount shown as accounts receivable, net at each balance sheet date is net of an allowance for credit losses. . Navios Partners has filed claims for lost revenues in connection with the 2016 filing by Hanjin for rehabilitation, which was later followed by entry into liquidation in 2017. In October 2020, the bankruptcy court ruled against one of the two claims filed by the Company. The Company has fully provided for these amounts in its books. The allowance for credit losses as of December 31, 2020 and 2019 was $<span id="xdx_904_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iI_pn3n3_c20201231_zO02Lg6lLVEb">2,990</span> and $<span id="xdx_90D_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iI_pn3n3_c20191231_zku0qNCj6Qv1">1,495</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(g)</i></b>  <span id="xdx_86E_z0D1Us5PCIXe"><b><i>Inventories</i></b></span><b><i>: </i></b>Inventories, which are comprised of: (i) bunkers (when applicable) on board of the vessels, valued at cost as determined on the first-in, first-out basis; and (ii) lubricants and stock provisions on board of the vessels as of the balance sheet date, valued at cost as determined on the first-in, first-out basis.</p> 2990000 1495000 <p id="xdx_849_eus-gaap--PropertyPlantAndEquipmentPolicyTextBlock_zFsPVRkZBShc" style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.4pt; text-align: justify; text-indent: -24.4pt"><b><i>(h)</i></b>  <b><i><span id="xdx_863_z5f5uki93Xp5">Vessels, Net</span>:</i></b> Vessels are stated at historical cost, which consists of the contract price and any material expenses incurred upon acquisition (improvements and delivery expenses). Vessels acquired in an asset acquisition or in a business combination are recorded at fair value. Subsequent expenditures for major improvements and upgrades are capitalized, provided they appreciably extend the life, increase the earnings capacity or improve the efficiency or safety of the vessels. The cost and related accumulated depreciation of assets retired or sold are removed from the accounts at the time of sale or retirement and any gain or loss is included in the accompanying Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">Expenditures for routine maintenance and repairs are expensed as incurred.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">Depreciation is computed using the <span id="xdx_902_eus-gaap--PropertyPlantAndEquipmentDepreciationMethods_c20200101__20201231_zJfm9E1KdFP" title="Depreciation method">straight line</span> method over the useful life of the vessels, after considering the estimated residual value. Management estimates the residual values of the Company’s drybulk and containerships based on a scrap value cost of steel times the weight of the ship noted in lightweight ton (“LWT”). Residual values are periodically reviewed and revised to recognize changes in conditions, new regulations or other reasons. Revisions of residual values affect the depreciable amount of the vessels and affects depreciation expense in the period of the revision and future periods. The management after considering current market trends for scrap rates and 10-year average historical scrap rates of the residual values of the Company's vessels, estimates scrap value at a rate of $<span id="xdx_90C_ecustom--ScrapValuePerLightWeightTon_c20200101__20201231_zFCQSUQ14Kv9" title="Scrap value per light weight ton">340</span> per LWT.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">Management estimates the useful life of the Company’s vessels to be <span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DrybulkVesselsMember_zlB5vfj8Rr27" title="Vessel useful life">25</span> and <span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainershipsMember_z1snmfnJTNzb">30</span> years from the drybulk and containership's original construction, respectively. However, when regulations place limitations over the ability of a vessel to trade on a worldwide basis, its useful life is re-estimated to end at the date such regulations become effective. An increase in the useful life of a vessel or in its residual value would have the effect of decreasing the annual depreciation charge and extending it into later periods. A decrease in the useful life of a vessel or in its residual value would have the effect of increasing the annual depreciation charge.</p> straight line 340 P25Y P30Y <p id="xdx_846_ecustom--VesselsHeldSalePolicyPolicyTextBlock_zizqqgDZPps2" style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(i)</i></b>  <b><i><span id="xdx_869_zKSe5hgsSQFa">Assets Held for Sale</span>:</i></b> It is the Company's policy to dispose of vessels and other fixed assets when suitable opportunities occur and not necessarily to keep them until the end of their useful life. The Company classifies assets and disposal groups as being held for sale when the following criteria are met: management has committed to a plan to sell the vessel (disposal group); the asset (disposal group) is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of vessels; an active program to locate a buyer and other actions required to complete the plan to sell the asset (disposal group) have been initiated; the sale of the asset (disposal group) is probable and transfer of the asset (disposal group) is expected to qualify for recognition as a completed sale within one year; the asset (disposal group) is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Long-lived assets or disposal groups classified as held for sale are measured at the lower of their carrying amount or fair value less cost to sell. These vessels are not depreciated once they meet the criteria to be held for sale. No assets were classified as held for sale as of December 31, 2020 and 2019.</p> <p id="xdx_846_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_zp0n7ZFynRMf" style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(j)</i></b>  <b><i><span id="xdx_860_zDQ4olq6c3Sj">Impairment of Long Lived Assets</span>:</i></b> Vessels, other fixed assets and other long lived assets held and used by Navios Partners are reviewed periodically for potential impairment whenever events or changes in circumstances indicate that the carrying amount of a particular asset may not be fully recoverable. Navios Partners' management evaluates the carrying amounts and periods over which long-lived assets are depreciated to determine if events or changes in circumstances have occurred that would require modification to their carrying values or useful lives. Measurement of the impairment loss is based on the fair value of the asset. Navios Partners determines the fair value of its assets on the basis of management estimates and assumptions by making use of available market data and taking into consideration third party valuations performed on an individual vessel basis. In evaluating useful lives and carrying values of long-lived assets, certain indicators of potential impairment, are reviewed such as undiscounted projected operating cash flows, vessel sales and purchases, business plans and overall market conditions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">Undiscounted projected net operating cash flows are determined for each asset group and compared to the carrying value of the vessel, the unamortized portion of deferred drydock and special survey costs related to the vessel and the related carrying value of the intangible assets with respect to the time charter agreement attached to that vessel or the carrying value of deposits for newbuildings. Within the shipping industry, vessels are customarily bought and sold with a charter attached. The value of the charter may be favorable or unfavorable when comparing the charter rate to then current market rates. The loss recognized either on impairment (or on disposition) will reflect the excess of carrying value over fair value (selling price) for the vessel asset group.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">During the fourth quarter of fiscal year 2020, the Company concluded that events occurred and circumstances had changed, which indicated that potential impairment of Navios Partners' long-lived assets may exist. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the Company’s future operations. As a result, an impairment assessment of long-lived assets (step one) was performed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">The Company determined the undiscounted projected net operating cash flows for each vessel and compared it to the vessels' carrying value together with the carrying value of deferred drydock and special survey costs related to the vessel and the carrying value of the related intangible assets, if applicable. The significant factors and assumptions the Company used in the undiscounted projected net operating cash flow analysis included: determining the projected net operating cash flows by considering the charter revenues from existing time charters for the fixed fleet days (Navios Partners' remaining charter agreement rates) and an estimated daily time charter equivalent for the unfixed days (based on a combination of one-year average historical time charter rates for the first year and ten-year average historical one-year time charter rates for the remaining period), over the remaining economic life of each vessel, net of brokerage and address commissions, and excluding days of scheduled off-hires, management fees as determined by the Management Agreement in effect until December 2024 and thereafter assuming an increase of <span id="xdx_90F_ecustom--EverySecondYearGrowthFactorManagementFees_iI_uPure_c20201231_z7f4xDwj0zl" title="Every second year rate of increase of management fees">3.0%</span> every second year and utilization rate of <span id="xdx_90B_ecustom--UtilizationRateOfFleet_uPure_c20200101__20201231_zNKCtSZXA5nf" title="Utilization rate of fleet">98.6%</span> based on the fleet's historical performance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 3pt 24.5pt; text-align: justify">Where the undiscounted projected net operating cash flows do not exceed the carrying value of an asset group, management proceeded to perform step two of the impairment assessment. In step two of the impairment assessment, the Company determined fair value of its vessels through a combination of a discounted cash flow analysis utilizing market participant assumptions from available market data and third-party valuations from independent ship brokers performed on an individual vessel basis. The significant factors and assumptions used by management in determining fair value of vessels included those in developing the projected net operating cash flows over the remaining economic life of each vessel and the discount rate.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.5pt; text-align: justify">As of December 31, 2020, the Company’s assessment concluded that step two of the impairment analysis was required for certain of its vessels held and used, as the undiscounted projected net operating cash flows did not exceed the carrying value. As a result, the Company recorded an impairment loss of $<span id="xdx_902_eus-gaap--AssetImpairmentCharges_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FourVesselsMember_zieWnKllBwJ7" title="Impairment loss">50,991</span> for four of its vessels, being the difference between the fair value and the vessels’ carrying value together with the carrying value of deferred drydock and special survey costs related to the vessels, presented under the caption “Vessels impairment loss” in the Consolidated Statements of Operations (see Note 6 — Vessels, net).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.5pt; text-align: justify">As of December 31, 2019, the Company’s assessment concluded that step two of the impairment analysis was required for certain of its vessels held and used, as the undiscounted projected net operating cash flows did not exceed the carrying value. As a result, the Company recorded an impairment loss of $<span id="xdx_90F_eus-gaap--AssetImpairmentCharges_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OneVesselMember_ziPYZU6ZcRM7">29,335</span> for one vessel, being the difference between the fair value and the vessel's carrying value together with the carrying value of deferred drydock and special survey costs related to the vessel, presented under the caption “Vessels impairment loss” in the Consolidated Statements of Operations (see Note 6 — Vessels, net).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of December 31, 2018, the Company’s assessment concluded that step two of the impairment analysis was not required for its vessels held and used, as the undiscounted projected net operating cash flows exceeded the carrying value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of June 30, 2020, the Company concluded that events and circumstances triggered the existence of potential impairment of its containerships. These indicators included volatility in the charter market and market values for containerships. As a result, the Company performed step one of the impairment assessment of its containerships by comparing the undiscounted projected net operating cash flows for each vessel to its carrying value. As of June 30, 2020, the Company’s assessment concluded that step two of the impairment analysis was required for three containerships held and used, as the undiscounted projected net operating cash flows did not exceed the carrying value. As a result, the Company recorded an impairment loss of $<span id="xdx_901_eus-gaap--AssetImpairmentCharges_pn3n3_c20200101__20200630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ThreeContainershipsMember_zlhZVzjlNBNc">6,800</span> for these vessels, being the difference between the fair value and the vessels’ carrying value together with the carrying value of deferred drydock and special survey costs related to the vessels, presented under the caption “Vessels impairment loss” in the Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">During the years ended December 31, 2020, 2019 and 2018, an impairment loss of $<span id="xdx_906_eus-gaap--AssetImpairmentCharges_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSoleilEsperanzaNCastorNMember_z2leb8qCVrf8">13,786</span>, $<span id="xdx_90A_eus-gaap--AssetImpairmentCharges_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIMember_zz3sLebqLJ0e">7,345</span> and $<span id="xdx_906_eus-gaap--AssetImpairmentCharges_pn3n3_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--YMUnityYMUtmostNaviosFelicityNaviosLibraIIMember_zLBfoZYHqGUk">44,344</span>, respectively, was also recognized in connection with the committed sales of the Navios Soleil in December 2020, the Esperanza N in January 2021, the Castor N in February 2021, the Navios Galaxy in April 2019, the YM Unity and the YM Utmost in July 2018, the Navios Felicity and the Navios Libra II in December 2018, as the carrying amount of each asset group was not recoverable and exceeded its fair value less costs to sell (see Note 6 — Vessels, net).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The total impairment loss recognized amounted to $<span id="xdx_901_eus-gaap--AssetImpairmentCharges_pn3n3_c20200101__20201231_zTw0iTLhPKYi">71,577</span>, $<span id="xdx_906_eus-gaap--AssetImpairmentCharges_pn3n3_c20190101__20191231_zTDU1zokyqO8">36,680</span> and $<span id="xdx_906_eus-gaap--AssetImpairmentCharges_pn3n3_c20180101__20181231_zixr41mVQklk">44,344</span> for the years ended December 31, 2020, 2019 and 2018, respectively, and was presented under the caption “Vessels impairment loss” in the Consolidated Statements of Operations.</p> 0.030 0.986 50991000 29335000 6800000 13786000 7345000 44344000 71577000 36680000 44344000 <p id="xdx_848_eus-gaap--DeferredChargesPolicyTextBlock_z2romH3hYG6j" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(k)</i></b>  <b><i><span id="xdx_86D_zkkIetRAsFcc">Deferred Drydock and Special Survey Costs</span>:</i></b> Navios Partners' vessels are subject to regularly scheduled drydocking and special surveys which are generally carried out every <span id="xdx_90A_ecustom--IntervalBetweenVesselDrydockingSpecialSurvey_dtM_c20200101__20201231__srt--RangeAxis__srt--MinimumMember_z91v6s8wKr39" title="Interval between vessel drydockings / special surveys">30</span> or <span id="xdx_905_ecustom--IntervalBetweenVesselDrydockingSpecialSurvey_dtM_c20200101__20201231__srt--RangeAxis__srt--MaximumMember_zZgjZ5KiT4B3">60</span> months, depending on the vessels' ages to coincide with the renewal of the related certificates issued by the classification societies, unless a further extension is obtained in rare cases and under certain conditions. The cost of drydocking and special surveys are deferred and amortized over the above periods or to the next drydocking or special survey date if such date has been determined.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Costs capitalized as part of the drydocking or special survey consist principally of the actual costs incurred at the yard, and expenses relating to spare parts, paints, lubricants and services incurred solely during the drydocking or special survey period. For the years ended December 31, 2020, 2019 and 2018, the amortization expense was $<span id="xdx_907_ecustom--AmortizationOfDeferredDrydockAndSpecialSurveyCosts_pn3n3_c20200101__20201231_zGamNs54fSV5" title="Amortization of deferred dry dock and special survey costs">10,337</span>, $<span id="xdx_907_ecustom--AmortizationOfDeferredDrydockAndSpecialSurveyCosts_pn3n3_c20190101__20191231_zYfZs8s3Ostl">6,916</span> and $<span id="xdx_903_ecustom--AmortizationOfDeferredDrydockAndSpecialSurveyCosts_pn3n3_c20180101__20181231_zz8qcD6uzmz4">6,180</span>, respectively.</p> P30M P60M 10337000 6916000 6180000 <p id="xdx_845_eus-gaap--DebtPolicyTextBlock_zJ5KsWzbjr4k" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(l)</i></b>  <b><i><span id="xdx_864_zxdPLzgyh1ae">Deferred Finance Costs</span>:</i></b> Deferred finance costs include fees, commissions and legal expenses associated with obtaining or modifying credit facilities. Deferred finance costs are presented as a deduction from the corresponding liability. These costs are amortized over the life of the related facility using the effective interest rate method, and are presented under the caption “Interest expense and finance cost, net”. Amortization and write-off of deferred finance costs, including amortization of debt discount, for each of the years ended December 31, 2020, 2019 and 2018 were $<span id="xdx_90A_eus-gaap--AmortizationOfFinancingCostsAndDiscounts_pn3n3_c20200101__20201231_z9bR7C9uH2vk" title="Amortization and write-off of deferred financing cost and discount">2,141</span>, $<span id="xdx_906_eus-gaap--AmortizationOfFinancingCostsAndDiscounts_pn3n3_c20190101__20191231_zCJzL7eWWRqi">10,916</span> and $<span id="xdx_90C_eus-gaap--AmortizationOfFinancingCostsAndDiscounts_pn3n3_c20180101__20181231_zCbKYiZoSCNf">7,258</span>, respectively.  </p> 2141000 10916000 7258000 <p id="xdx_844_ecustom--IntangibleAssetsLiabilitiesPolicyTextBlock_zpj7Cmy1zTw7" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(m)</i></b>  <b><i><span id="xdx_86C_zL4FoekgxdF2">Intangible Assets and Liabilities</span>:</i></b> Navios Partners' intangible assets and liabilities consist of favorable lease terms and unfavorable lease terms. When intangible assets or liabilities associated with the acquisition of a vessel are identified, they are recorded at fair value. Fair value is determined by reference to market data and the discounted amount of expected future cash flows. Where charter rates are higher than market charter rates, an asset is recorded, being the difference between the acquired charter rate and the market charter rate for an equivalent vessel. Where charter rates are less than market charter rates, a liability is recorded, being the difference between the assumed charter rate and the market charter rate for an equivalent vessel. The determination of the fair value of acquired assets and assumed liabilities requires Navios Partners to make significant assumptions and estimates of many variables including market charter rates, expected future charter rates, the level of utilization of its vessels and its weighted average cost-of capital (“WACC”). The use of different assumptions could result in a material change in the fair value of these items, which could have a material impact on Navios Partners' financial position and results of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The amortizable value of favorable and unfavorable leases is amortized over the remaining life of the lease term and the amortization expense is included under the caption “Depreciation and amortization” in the Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The amortizable value of favorable leases would be considered impaired if its carrying value could not be recovered from the future undiscounted cash flows associated with the asset. Management, after considering various indicators, performed an impairment test which included intangible assets as described in paragraph (j) above. As of December 31, 2020, 2019 and 2018 there was no impairment of intangible assets.</p> <p id="xdx_84F_eus-gaap--ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_zckqznwXX7G8" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(n)</i></b>  <span id="xdx_867_zJcrlhHg4AI9"><b><i>Foreign Currency Translation</i></b></span><b><i>:</i></b> Navios Partners' functional and reporting currency is the U.S. Dollar. Navios Partners engages in worldwide commerce with a variety of entities. Although, its operations may expose it to certain levels of foreign currency risk, its transactions are predominantly U.S. dollar denominated. Additionally, Navios Partners' wholly-owned vessel subsidiaries transacted a nominal amount of their operations in Euros; however, all of the subsidiaries' primary cash flows are U.S. dollar denominated. Transactions in currencies other than the functional currency are translated at the exchange rate in effect at the date of each transaction. Differences in exchange rates during the period between the date a transaction denominated in a foreign currency is consummated and the date on which it is either settled or translated, are recognized in the Statements of Operations. The foreign currency gains/ (losses) recognized in the accompanying Consolidated Statements of Operations under the caption “Other income” or “Other expense”, for each of the years ended December 31, 2020, 2019 and 2018 were not material for any of these periods.</p> <p id="xdx_843_eus-gaap--CommitmentsAndContingenciesPolicyTextBlock_zXBhKRSxVj2l" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(o)</i></b>  <b><i><span id="xdx_865_zuS2U2FUGbbc">Provisions</span>:</i></b> Navios Partners, in the ordinary course of its business, is subject to various claims, suits and complaints. Management, in consultation with internal and external advisors, will provide for a contingent loss in the financial statements if the contingency had been incurred as of the balance sheet date and the likelihood of loss was probable and the amount of the loss can be reasonably estimated. If Navios Partners has determined that the reasonable estimate of the loss is a range and there is no best estimate within the range, Navios Partners will accrue the lower amount of the range.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Navios Partners, through the management agreement, participates in Protection and Indemnity (P&amp;I) insurance coverage plans provided by mutual insurance societies known as P&amp;I clubs. Under the terms of these plans, participants may be required to pay additional premiums (supplementary calls) to fund operating deficits incurred by the clubs (“back calls”). Obligations for back calls are accrued annually based on information provided by the P&amp;I clubs.</p> <p id="xdx_841_eus-gaap--SegmentReportingPolicyPolicyTextBlock_z6EojESQ1TE8" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b><i>(p)</i></b>  <b><i><span id="xdx_863_zMjVxnESPvHb">Segment Reporting</span>:</i></b> Navios Partners reports financial information and evaluates its operations by charter revenues and not by the length of ship employment for its customers. Navios Partners does not use discrete financial information to evaluate operating results for each type of charter or vessel type. Management does not identify expenses, profitability or other financial information by charter type. As a result, management reviews operating results solely by revenue per day and operating results of the fleet and thus Navios Partners has determined that it operates under one reportable segment (see Note 13 </span>– <span style="font-family: Times New Roman, Times, Serif">Segment information). </span></p> <p id="xdx_84D_eus-gaap--RevenueRecognitionPolicyTextBlock_zMtwes3mR9Rb" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(q)</i></b>  <span id="xdx_868_zmpHh1nA1rl9"><b><i>Revenue and Expense Recognition</i></b></span><b>: </b>On January 1, 2018, the Company adopted the provisions of ASC 606 “Revenue from Contracts with Customers” using the modified retrospective approach. In doing so, the Company makes judgments including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price, and allocating the transaction price to each performance obligation. Revenue is recognized when (or as) the Company transfers promised goods or services to its customers in amounts that reflect the consideration to which the company expects to be entitled to in exchange for those goods or services, which occurs when (or as) the Company satisfies its contractual obligations and transfers control of the promised goods or services to its customers. Revenues are recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In determining the appropriate amount of revenue to be recognized as it fulfills its obligations under its agreements, the Company performs the following steps: (i) identification of the promised goods or services in the contract; (ii) determination of whether the promised goods or services are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations based on estimated selling prices; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The Company's contract revenues from time chartering and pooling arrangements are governed by ASU 2016-02 (ASC 842) “Leases”. Upon adoption of ASC 606 and ASC 842, the timing and recognition of earnings from the pool arrangements and time charter contracts to which the Company is party did not change from previous practice. The Company has determined to recognize lease revenue as a combined single lease component for all time charters (operating leases) as the related lease component and non-lease components will have the same timing and pattern of the revenue recognition of the combined single lease component. The performance obligations in a time charter contract are satisfied over term of the contract beginning when the vessel is delivered to the charterer until it is redelivered back to the Company. As a result of the adoption of these standards, there was no effect on the Company's retained earnings, as at January 1, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><i>Revenue from time chartering</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Revenues from time chartering of vessels are accounted for as operating leases and are thus recognized on a straight line basis as the average lease revenue over the rental periods of such charter agreements, as service is performed. A time charter involves placing a vessel at the charterers' disposal for a period of time during which the charterer uses the vessel in return for the payment of a specified daily hire rate. Short period charters for less than three months are referred to as spot-charters. Charters extending three months to a year are generally referred to as medium-term charters. All other charters are considered long-term. Under time charters, operating costs such as for crews, maintenance and insurance are typically paid by the owner of the vessel. Revenue from time chartering of vessels amounted to $<span id="xdx_906_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementScenarioAxis__custom--TimeCharterMember_zZAWYW7mIyH" title="Revenues">218,809</span>, $<span id="xdx_90F_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementScenarioAxis__custom--TimeCharterMember_zKOBjwC29ldi">204,920</span> and $<span id="xdx_909_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementScenarioAxis__custom--TimeCharterMember_zjagO2AH84sg">215,877</span> for the years ended December 31, 2020, 2019 and 2018, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><i>Revenue from voyage contracts</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The Company's revenues earned under voyage contracts (revenues for the transportation of cargo) were previously recognized ratably over the estimated relative transit time of each voyage. A voyage was deemed to commence when a vessel was available for loading and was deemed to end upon the completion of the discharge of the current cargo. Estimated losses on voyages are provided for in full at the time such losses become evident. Under a voyage charter, a vessel is provided for the transportation of specific goods between specific ports in return for payment of an agreed upon freight per ton of cargo. Upon adoption of ASC 606, the Company recognizes revenue ratably from port of loading to when the charterer's cargo is discharged as well as defer costs that meet the definition of “costs to fulfill a contract” and relate directly to the contract. During 2017, no freight voyage existed and therefore, there was no impact on the Company's retained earnings as at January 1, 2018. Revenue from voyage contracts amounted to $<span id="xdx_902_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementScenarioAxis__custom--VoyageContractsMember_zlAgPKO4be4e">3,754</span>, $<span id="xdx_90C_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementScenarioAxis__custom--VoyageContractsMember_zroWy4ZDkrnh">9,416</span> and $<span id="xdx_903_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementScenarioAxis__custom--VoyageContractsMember_zTlJHfD6hfWd">9,660</span> for the years ended December 31, 2020, 2019 and 2018, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><i>Pooling arrangements</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">For vessels operating in pooling arrangements, the Company earns a portion of total revenues generated by the pool, net of expenses incurred by the pool. The amount allocated to each pool participant vessel, including the Company's vessels, is determined in accordance with an agreed-upon formula, which is determined by points awarded to each vessel in the pool based on the vessel's age, design and other performance characteristics. Revenue under pooling arrangements is accounted for as variable rate operating leases on the accrual basis and is recognized when an agreement with the pool exists, price is fixed, service is provided and the collectability is reasonably assured. The allocation of such net revenue may be subject to future adjustments by the pool however, such changes are not expected to be material. The Company recognizes net pool revenue on a monthly and quarterly basis, when the vessel has participated in a pool during the period and the amount of pool revenue can be estimated reliably based on the pool report. Revenue from vessels operating in pooling arrangements amounted to $<span id="xdx_90C_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementScenarioAxis__custom--PoolingArrangementsMember_zpRDzJSypb3k">4,208</span>, $<span id="xdx_903_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementScenarioAxis__custom--PoolingArrangementsMember_zZBYdSKsPba2">5,043</span> and $<span id="xdx_90B_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementScenarioAxis__custom--PoolingArrangementsMember_z7NCQ9AbwdV6">5,817</span> for the years ended December 31, 2020, 2019 and 2018, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><i>Revenue from profit-sharing</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Profit-sharing revenues are calculated at an agreed percentage of the excess of the charterer's average daily income (calculated on a quarterly or half-yearly basis) over an agreed amount and accounted for on an accrual basis based on provisional amounts and for those contracts that provisional accruals cannot be made due to the nature of the profit sharing elements, these are accounted for on the actual cash settlement or when such revenue becomes determinable. Profit sharing revenue for the years ended December 31, 2020, 2019 and 2018 amounted to <span id="xdx_902_eus-gaap--Revenues_pn3n3_do_c20200101__20201231__srt--StatementScenarioAxis__custom--ProfitSharingMember_zpNXjD0eLf9j">0</span>, <span id="xdx_90A_eus-gaap--Revenues_pn3n3_do_c20190101__20191231__srt--StatementScenarioAxis__custom--ProfitSharingMember_zND6yTjBvTx5">0</span> and $<span id="xdx_904_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementScenarioAxis__custom--ProfitSharingMember_zGhPgX9FRwqk">7</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Revenues are recorded net of address commissions. Address commissions represent a discount provided directly to the charterers based on a fixed percentage of the agreed upon charter or freight rate. Since address commissions represent a discount (sales incentive) on services rendered by the Company and no identifiable benefit is received in exchange for the consideration provided to the charterer, these commissions are presented as a reduction of revenue.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Deferred Revenue and Cash Received in Advance:</i></b> Deferred revenue primarily relates to cash received from charterers prior to it being earned and the compensation received for the future reduction in the daily hire rates payable by Hyundai Merchant Marine Co. (“HMM”). These amounts are recognized as revenue over the voyage or charter period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Time Charter and Voyage Expenses:</i></b> Time charter and voyage expenses comprise all expenses related to each particular voyage, including time charter hire paid and voyage freight paid, bunkers, port charges, canal tolls, cargo handling, agency fees and brokerage commissions. Also included in time charter and voyage expenses are provisions for losses on time charters and voyages in progress at year-end, direct port terminal expenses and other miscellaneous expenses. Time charter expenses are expensed over the period of the time charter and voyage expenses are recognized as incurred.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Direct Vessel Expenses: </i></b>Direct vessel expenses comprise the amortization related to drydocking and special survey costs of certain vessels of Navios Partners' fleet.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Prepaid Voyage Costs:</i></b> Prepaid voyage costs relate to cash paid in advance for expenses associated with voyages. These amounts are recognized as expenses over the voyage or charter period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Vessel operating expenses (management fees): </i></b>Pursuant to the amended Management Agreement, in each of October 2013, August 2014, February 2015, February 2016 and November 2017, the Manager, provided commercial and technical management services to Navios Partners' vessels for a daily fee (excluding drydocking expenses, which were reimbursed at cost by Navios Partners) of: (a) $<span id="xdx_906_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--UltraHandymaxVesselsMember_z2h1Y8hsVee5" title="Daily management fee">4.23</span> daily rate per Ultra-Handymax vessel; (b) $<span id="xdx_904_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember_zJoSbr9WOwK9">4.33</span> daily rate per Panamax vessel; (c) $<span id="xdx_90C_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CapesizeVesselsMember_zfqqDF2cvWOh">5.25</span> daily rate per Capesize vessel; (d) $<span id="xdx_901_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselOfSixThousandEightHundedTwentyFootEquivalentUnitsMember_zxN2enIiCgZh">6.70</span> daily rate per Containership of TEU 6,800; (e) $<span id="xdx_90E_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember_zhk3dP0ZWlfb">7.40</span> daily rate per Containership of more than TEU 8,000 and (f) $<span id="xdx_900_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember_zYbjknmlTEdh">8.75</span> daily rate per very large Containership of more than TEU 13,000 through December 2019. These fixed daily fees cover the vessels' operating expenses, other than certain extraordinary fees and costs. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In August 2019, Navios Partners extended the duration of its Management Agreement with the Manager until January 1, 2025. In addition, management fees are fixed for two years commencing from January 1, 2020 at: (a) $<span id="xdx_900_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--UltraHandymaxVesselsMember__srt--StatementScenarioAxis__custom--FromJanuary12020Member_zoEfrXHo7E">4.35</span> daily per Ultra-Handymax Vessel; (b) $<span id="xdx_90D_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember__srt--StatementScenarioAxis__custom--FromJanuary12020Member_zMV2EElSg6Gk">4.45</span> daily per Panamax Vessel; (c) $<span id="xdx_90A_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CapesizeVesselsMember__srt--StatementScenarioAxis__custom--FromJanuary12020Member_zagjl8K3WHqc">5.41</span> daily per Capesize Vessel; and (d) $<span id="xdx_90C_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselOfSixThousandEightHundedTwentyFootEquivalentUnitsMember__srt--StatementScenarioAxis__custom--FromJanuary12020Member_z6HL1TLtEhN4">6.90</span> daily per 6,800 TEU Containership. The agreement also provides for a technical and commercial management fee of $<span id="xdx_90C_ecustom--TechnicalAndCommercialManagementDailyFee_pin3_c20200101__20201231__srt--StatementScenarioAxis__custom--FromJanuary12020Member__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember_zS9xPrMTzDu7">0.05</span> per day per vessel and an annual increase of <span id="xdx_902_ecustom--AnnualGrowthFactorManagementFees_uPure_c20200101__20201231__srt--StatementScenarioAxis__custom--AfterJanuary12022Member__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember_zA9zGVozXGu9" title="Annual growth factor of management fees">3%</span> after January 1, 2022 unless agreed otherwise.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Following the liquidation of Navios Europe I, Navios Partners acquired three Sub-Panamax and two Panamax Containerships. As per the Management Agreement, as amended in December 2019, management fees are fixed for two years commencing from January 1, 2020 at $<span id="xdx_903_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember__srt--StatementScenarioAxis__custom--AfterLiquidationOfNaviosEuropeIMember_zu77ZasCRdP9"><span id="xdx_900_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SubpanamaxContainershipMember__srt--StatementScenarioAxis__custom--AfterLiquidationOfNaviosEuropeIMember_zGKkHMvwY88l">6.1</span></span> daily per SubPanamax/Panamax Containership. The agreement also provides for a technical and commercial management fee of $<span id="xdx_90E_ecustom--TechnicalAndCommercialManagementDailyFee_pin3_c20200101__20201231__srt--StatementScenarioAxis__custom--AfterLiquidationOfNaviosEuropeIMember__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember_zIG3ZhwuA0m6">0.05</span> per day per vessel and an annual increase of <span id="xdx_900_ecustom--AnnualGrowthFactorManagementFees_uPure_c20200101__20201231__srt--StatementScenarioAxis__custom--AfterJanuary12022Member__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AfterLiquidationOfNaviosEuropeIMember_zoTrp7E2hDye">3%</span> after January 1, 2022 for the remaining period unless agreed otherwise.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Drydocking expenses are reimbursed at cost for all vessels.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">For the years ended December 31, 2020 and 2019 certain extraordinary fees and costs related to regulatory requirements, including ballast water treatment system installation and exhaust gas cleaning system installation under Company's management agreement, amounted to $<span id="xdx_901_eus-gaap--PaymentsToAcquireWaterAndWasteWaterSystems_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember_z40cCaXOAshc" title="Payments for ballast water treatment system and exhaust gas cleaning system installation">3,366</span> and $<span id="xdx_907_eus-gaap--PaymentsToAcquireWaterAndWasteWaterSystems_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember_zqYfw3u4ox83">16,313</span>, respectively, and are presented under the caption “Acquisition of/ additions to vessels and favorable lease terms, net of cash acquired” in the Consolidated Statements of Cash Flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Total vessel operating expenses for each of the years ended December 31, 2020, 2019 and 2018 amounted to $<span id="xdx_905_eus-gaap--ProfessionalAndContractServicesExpense_pn3n3_c20200101__20201231_ztWS6haB7kp5" title="Vessel operating expenses">93,732</span>, $<span id="xdx_90A_eus-gaap--ProfessionalAndContractServicesExpense_pn3n3_c20190101__20191231_zdo6u2PXFOL8" title="Vessel operating expenses">68,188</span> and $<span id="xdx_90C_eus-gaap--ProfessionalAndContractServicesExpense_pn3n3_c20180101__20181231_zqKLOD7b0jlf" title="Vessel operating expenses">68,871</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>General and Administrative Expenses:</i></b> Pursuant to the Administrative Services Agreement dated November 16, 2007, the Manager also provides administrative services to Navios Partners, which include bookkeeping, audit and accounting services, legal and insurance services, administrative and clerical services, banking and financial services, advisory services, client and investor relations and other. The Manager is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. Navios Partners extended the duration of its existing Administrative Services Agreement with the Manager pursuant to the same terms, until December 31, 2022. In August 2019, Navios Partners extended the duration of its existing administrative services agreement with the Manager until January 1, 2025, which provide for allocable general and administrative costs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.4pt; text-align: justify">Total general and administrative expenses charged by the Manager for each of the years ended December 31, 2020, 2019 and 2018 amounted to $<span id="xdx_90D_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsIMember_zLbam6ctNpW3">13,708</span>, $<span id="xdx_90A_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsIMember_ze6xJ8wKaYJe">10,406</span> and $<span id="xdx_90F_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsIMember_z6jpazsgQYMk">9,344</span>, respectively.</p> 218809000 204920000 215877000 3754000 9416000 9660000 4208000 5043000 5817000 0 0 7000 4230 4330 5250 6700 7400 8750 4350 4450 5410 6900 50.00 0.03 6100 6100 50.00 0.03 3366000 16313000 93732000 68188000 68871000 13708000 10406000 9344000 <p id="xdx_844_eus-gaap--DerivativesPolicyTextBlock_zNzrqYKnNvll" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(r)</i></b>  <b><i><span id="xdx_866_znmk1OzgZFGa">Financial Instruments</span>:</i></b> Financial instruments carried on the balance sheet include cash and cash equivalents, restricted cash, trade receivables and payables, other receivables and other liabilities long-term debt and financial liabilities. The particular recognition methods applicable to each class of financial instrument are disclosed in the applicable significant policy description of each item, or included below as applicable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Financial Risk Management:</i></b> Navios Partners' activities expose it to a variety of financial risks including fluctuations in future freight rates, time charter hire rates, fuel prices, credit and interest rates risk. Risk management is carried out under policies approved by executive management. Guidelines are established for overall risk management, as well as specific areas of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Credit risk:</i></b> Navios Partners closely monitors its credit exposure to customers and counter-parties for credit risk. Navios Partners has entered into the management agreement with the Manager, pursuant to which the Manager agreed to provide commercial and technical management services to Navios Partners. When negotiating on behalf of Navios Partners' various vessel employment contracts, the Manager has policies in place to ensure that it trades with customers and counterparties with an appropriate credit history.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Financial instruments that potentially subject Navios Partners to concentrations of credit risk are accounts receivable and cash and cash equivalents. Navios Partners does not believe its exposure to credit risk is likely to have a material adverse effect on its financial position, results of operations or cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">For the year ended December 31, 2020 HMM, Singapore Marine and Cargill represented approximately <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_uPure_c20200101__20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zW1LgPIZIod9">23.4%</span>, <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_uPure_c20200101__20201231__srt--MajorCustomersAxis__custom--SingaporeMarineMember_zfCnoDuN5oSb">19.5% </span>and <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_uPure_c20200101__20201231__srt--MajorCustomersAxis__custom--CargillMember_zluV5iK581P5">11.4%</span>, respectively, of the Company’s total revenues. For the year ended December 31, 2019 HMM, Swissmarine and Cargill represented approximately <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_uPure_c20190101__20191231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zCT9LoUzsYDe">25.9%</span>, <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_uPure_c20190101__20191231__srt--MajorCustomersAxis__custom--SwissmarineMember_zeDtFlt8NRNc">12.3% </span>and <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_uPure_c20190101__20191231__srt--MajorCustomersAxis__custom--CargillMember_za20cuR7vWPi">10.9%</span>, respectively, of the Company’s total revenues. For the year ended December 31, 2018, HMM represented approximately <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_uPure_c20180101__20181231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zpMGigBsBAId">24.5% </span>of total revenues. No other customers accounted for 10% or more of total revenues for any of the years presented.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Liquidity Risk:</i></b> Prudent liquidity risk management implies maintaining sufficient cash and marketable securities, the availability of funding through an adequate amount of committed credit facilities and the ability to close out market positions. Navios Partners monitors cash balances appropriately to meet working capital needs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Foreign Exchange Risk:</i></b> Foreign currency transactions are translated into the measurement currency rates prevailing at the dates of transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies are recognized in the Consolidated Statements of Operations.</p> 0.234 0.195 0.114 0.259 0.123 0.109 0.245 <p id="xdx_845_ecustom--CashDistributionPolicyTextBlock_zACiK6Vizhh1" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b><i>(s)</i></b>  <b><i><span id="xdx_863_z1VsBMMRutEi">Cash Distribution</span>:</i></b> <span id="xdx_900_eus-gaap--DistributionPolicyMembersOrLimitedPartnersDescription_c20200101__20201231_z2yfaadhXl0g" title="Distribution policy members or limited partners description">As per the Partnership Agreement, within 45 days following the end of each quarter, to the extent and as may be declared by the Board, an amount equal to 100% of Available Cash with respect to such quarter shall be distributed to the partners as of the record date selected by the Board of Directors.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Available Cash:</i></b> Generally means, for each fiscal quarter, all cash on hand at the end of the quarter:</p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 6pt; margin-bottom: 6pt"> <tr style="vertical-align: top"> <td style="width: 30.6pt"/> <td style="width: 18.35pt">•</td> <td style="text-align: justify">less the amount of cash reserves established by the Board of Directors to:</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 6pt; margin-bottom: 6pt"> <tr style="vertical-align: top"> <td style="width: 30.6pt"/> <td style="width: 18.35pt">•</td> <td style="text-align: justify">provide for the proper conduct of the business (including reserve for maintenance and replacement capital expenditures);</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 6pt; margin-bottom: 6pt"> <tr style="vertical-align: top"> <td style="width: 30.6pt"/> <td style="width: 18.35pt">•</td> <td style="text-align: justify">comply with applicable law, any of Navios Partners' debt instruments, or other agreements; or</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 6pt; margin-bottom: 6pt"> <tr style="vertical-align: top"> <td style="width: 30.6pt"/> <td style="width: 18.35pt">•</td> <td style="text-align: justify">provide funds for distributions to the unitholders and to the general partner for any one or more of the next four quarters;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 6pt; margin-bottom: 6pt"> <tr style="vertical-align: top"> <td style="width: 30.6pt"/> <td style="width: 18.35pt">•</td> <td style="text-align: justify">plus all cash on hand on the date of determination of Available Cash for the quarter resulting from working capital borrowings made after the end of the quarter. Working capital borrowings are generally borrowings that are made under any revolving credit or similar agreement used solely for working capital purposes or to pay distributions to partners.</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Available Cash is a quantitative measure used in the publicly traded partnership investment community to assist in evaluating a partnership's ability to make quarterly cash distributions. Available Cash is not required by U.S. GAAP and should not be considered a substitute for net income, cash flow from operating activities and other operations or cash flow statement data prepared in accordance with accounting principles generally accepted in the United States or as a measure of profitability or liquidity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Cash distributions are recorded in the Company's financial statements in the period in which they are declared. Navios Partners paid $<span id="xdx_902_eus-gaap--PartnersCapitalAccountDistributions_pn3n3_c20200101__20201231_zqecbQFVTd8k" title="Cash distributions paid">7,872</span>, $<span id="xdx_90E_eus-gaap--PartnersCapitalAccountDistributions_pn3n3_c20190101__20191231_zewkzMc0Y7W9">13,550</span> and $<span id="xdx_906_eus-gaap--PartnersCapitalAccountDistributions_pn3n3_c20180101__20181231_zvYRBCBifTYd">10,261</span> to its unitholders of common and general partner units during the years ended December 31, 2020, 2019 and 2018, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Maintenance and Replacement Capital Expenditures</i>:</b> Maintenance and replacement capital expenditures are those capital expenditures required to maintain over the long-term the operating capacity of or the revenue generated by Navios Partners' capital assets, and expansion capital expenditures are those capital expenditures that increase the operating capacity of or the revenue generated by the capital assets. To the extent, however, that capital expenditures associated with acquiring a new vessel increase the revenues or the operating capacity of the Company’s fleet, those capital expenditures would be classified as expansion capital expenditures. As of December 31, 2020, 2019 and 2018, maintenance and replacement capital expenditures reserve approved by the Board of Directors was $<span id="xdx_908_eus-gaap--CostOfPropertyRepairsAndMaintenance_pn3n3_c20200101__20201231_zv9dhDor0xQb" title="Cost of property repairs and maintenance">36,455</span>, $<span id="xdx_905_eus-gaap--CostOfPropertyRepairsAndMaintenance_pn3n3_c20190101__20191231_zvpCLaIdlFj8">29,039</span> and $<span id="xdx_90A_eus-gaap--CostOfPropertyRepairsAndMaintenance_pn3n3_c20180101__20181231_zHMG86JTRGQf">26,787</span>, respectively.</p> As per the Partnership Agreement, within 45 days following the end of each quarter, to the extent and as may be declared by the Board, an amount equal to 100% of Available Cash with respect to such quarter shall be distributed to the partners as of the record date selected by the Board of Directors. 7872000 13550000 10261000 36455000 29039000 26787000 <p id="xdx_849_eus-gaap--CompensationRelatedCostsPolicyTextBlock_zkZrJUGZHUge" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(t)</b>  <b><i><span id="xdx_869_zubNFqWNfQ1i">Stock-based compensation</span>:</i></b> In February 2019, December 2019 and December 2018, Navios Partners granted restricted common units to its directors and officers, which are based solely on service conditions and vest over four years each, respectively. The fair value of restricted common units is determined by reference to the quoted stock price on the date of grant. Compensation expense, net of estimated forfeitures, is recognized based on a graded expense model over the vesting period. The effect of compensation expense arising from the restricted common units described above amounted to $<span id="xdx_908_eus-gaap--ShareBasedCompensation_pn3n3_c20200101__20201231_z6ZfnW2vqwia" title="Equity compensation expense">946</span>, $<span id="xdx_905_eus-gaap--ShareBasedCompensation_pn3n3_c20190101__20191231_zz2jHHBY1Pa8">2,018</span> and $<span id="xdx_906_eus-gaap--ShareBasedCompensation_pn3n3_c20180101__20181231_zI9kT3TS66I4">2,450</span> for the years ended December 31, 2020, 2019 and 2018, respectively, and was presented under the caption “General and administrative expenses” in the Consolidated Statements of Operations. There were no restricted common units exercised, forfeited or expired during the years ended December 31, 2020, 2019 and 2018. As of December 31, 2020, <span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_uShares_c20200101__20201231__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zZhKpwX851Pl" title="Restricted common units vested in period">285,763</span> restricted common units were vested, cumulatively.</p> 946000 2018000 2450000 285763 <p id="xdx_843_eus-gaap--IncomeTaxPolicyTextBlock_zWCWsiO2afI8" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(u)</b>  <b><i><span id="xdx_86C_zcnyzKdxBDOi">Income Taxes</span>:</i></b> The Company is a Marshall Islands Corporation. Pursuant to various treaties and the United States Internal Revenue Code, the Company believes that substantially all its operations are exempt from income taxes in the Marshall Islands and the United States of America. Under the laws of Marshall Islands, Malta and Liberia, the countries of the vessel-owning subsidiaries' incorporation and vessels' registration, the vessel-owning subsidiaries are subject to registration and tonnage taxes which have been included in vessel operating expenses in the accompanying Consolidated Statements of Operations.</p> <p id="xdx_84B_eus-gaap--EarningsPerSharePolicyTextBlock_z8tq4J9ftpa7" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(v)</b>  <b><i>(<span id="xdx_866_zxvkYYldzSY2">Loss)/Earnings Per Unit</span>:</i></b> Basic (losses)/earnings per unit is computed by dividing net (loss)/income attributable to Navios Partners common unitholders by the weighted average number of common units outstanding during the periods presented. Diluted earnings per unit reflect the potential dilution that would occur if securities or other contracts to issue common units were exercised or converted. Diluted earnings per unit is calculated in the same manner as basic earnings per unit, except that the weighted average number of outstanding units increased to include the dilutive effect of outstanding unit options or phantom units.</p> <p id="xdx_843_eus-gaap--OffBalanceSheetCreditExposurePolicyPolicyTextBlock_zhy84TjZoBpe" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(w)</b>  <b><i><span id="xdx_861_z7R3KQfLOQ7c">Guarantees</span>:</i></b> An asset for the fair value of a right undertaken in issuing the guarantee is recognized. The recognition of fair value is not required for certain guarantees such as the parent's guarantee of a subsidiary's debt to a third party or guarantees on product warranties. For those guarantees excluded from the above guidance requiring the fair value recognition of the asset, financial statement disclosures of their terms are made.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On November 15, 2012 (as amended and supplemented in March 2014, December 2017 and July 2019), Navios Holdings and Navios Partners entered into an agreement (the “Navios Holdings Guarantee”) by which Navios Holdings would provide supplemental credit default insurance with a maximum cash payment of $<span id="xdx_909_ecustom--SupplementalCreditDefaultInsuranceMaximumCashPayment_pn3n3_c20120101__20121115__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zbNvygCd9i98">20,000</span>. In October 2020, Navios Holdings paid an amount of $<span id="xdx_90F_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20200101__20201031__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsIIMember_zIis3skOV2yj">5,000</span> to Navios Partners. As of December 31, 2020 and 2019, the outstanding claim receivable amounted to $<span id="xdx_908_eus-gaap--ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability_iI_pn3n3_c20201231__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zdLqMglki4k6">5,000</span> and $<span id="xdx_907_eus-gaap--ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability_iI_pn3n3_c20191231__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zR5BTcRqj045">10,000</span>, respectively. The final settlement of the amount from Navios Holdings will take place at specific date, in accordance with a signed letter of agreement between the parties. The guarantee claim receivable is presented under the caption “Amounts due from related parties-short term” in the Consolidated Balance Sheets as of December 31, 2020.</p> 20000000 5000000 5000000 10000000 <p id="xdx_845_eus-gaap--LessorLeasesPolicyTextBlock_zu1POzLjcPhl" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(x)</b>  <b><i><span id="xdx_863_z1zmPJJIrplh">Leases</span>:</i></b> Vessel leases where Navios Partners is regarded as the lessor are classified as either operating leases or sales type/ direct financing leases, based on an assessment of the terms of the lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">For charters classified as finance leases the minimum lease payments are recorded as the gross investment in the lease. The difference between the gross investment in the lease and the sum of the present values of the two components of the gross investment is recorded as unearned income which is amortized to income over the lease term as finance lease interest income to produce a constant periodic rate of return on the net investment in the lease. For charters classified as operating leases where Navios Partners is regarded as the lessor,(see Note 2(q) — Summary of Significant Accounting Policies).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In cases of lease agreements where the Company acts as the lessee, the Company recognizes a right-of-use asset and a corresponding lease liability on the consolidated balance sheet. For finance leases, interest expense is determined using the effective interest method and amortization on the right-of-use asset is recognized on a straight line basis over the lease term. For charters classified as operating leases, lease expense is recognized on a straight line basis over the rental periods of such charter agreements, by adding interest expense to the amortization of the right-of-use asset. The expense is included in the caption “Time charter and voyage expenses” in the consolidated statement of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In cases of sale and leaseback transactions, if the transfer of the asset to the lessor does not qualify as a sale, then the transaction constitutes a failed sale and leaseback and is accounted for as a financing transaction. For a sale to have occurred, the control of the asset would need to be transferred to the buyer, and the buyer would need to obtain substantially all the benefits from the use of the asset.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 13.2pt 0 12pt 24.5pt; text-align: justify">Operating lease assets used by Navios Partners are reviewed periodically for potential impairment whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. Measurement of the impairment loss is based on the fair value of the asset. Navios Partners determines the fair value of its assets based on management estimates and assumptions by making use of available market data. In evaluating carrying values of operating lease assets, certain indicators of potential impairment are reviewed, such as undiscounted projected operating cash flows, business plans and overall market conditions.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 13.2pt 0 12pt 24.5pt; text-align: justify">Undiscounted projected net operating cash flows are determined for each asset group and compared to the carrying value of the operating lease asset and the carrying value of deposits for the option to acquire a vessel including expenses and interest. If step two of the impairment analysis is required, the analysis includes the use of the discounted cash flow which comprises various assumptions, including the Company’s WACC.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 13.2pt 0 12pt 24.5pt; text-align: justify">During the fourth quarter of fiscal year 2020, management concluded that events occurred and circumstances had changed, which indicated that potential impairment of Navios Partners’ operating lease assets might exist. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the Company’s future operations As a result, an impairment assessment of operating lease assets (step one) was performed.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 13.2pt 0 12pt 24.5pt; text-align: justify">The Company determined undiscounted projected net operating cash flows for each chartered-in vessel and compared it to operating lease asset’s carrying value together with the carrying value of deposits for the option to acquire a vessel including expenses and interest. The significant factors and assumptions used in the undiscounted projected net operating cash flow analysis included: determining the projected net operating cash flows by considering the charter revenues from existing time charters for the fixed fleet days (the Company’s remaining charter agreement rates) and an estimated daily time charter equivalent for the unfixed days (based on three-year average historical time charter rates) over the remaining lease term, net of brokerage and address commissions excluding days of scheduled off-hires (for the bareboat chartered-in vessels), management fees for vessel operating expenses in accordance with the terms of management agreement (assuming an annual increase of 3.0% every second year for the bareboat chartered-in vessels).</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 13.2pt 0 12pt 24.5pt; text-align: justify">As of December 31, 2020 and 2019, the Company’s impairment assessments indicated that the undiscounted projected net operating cash flows determined for each asset group exceeded their carrying value. The impairment assessments performed as of December 31, 2020 and 2019 did not result in impairment charges.</p> <p id="xdx_84F_eus-gaap--FairValueOfFinancialInstrumentsPolicy_z7iFXscHfSMa" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(y)</b>  <b><i><span id="xdx_865_zGYnDMphwJ3c">Financial Instruments and Fair Value</span>:</i></b> Guidance on Fair Value Measurements provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level I measurements) and the lowest priority to unobservable inputs (Level III measurements).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. In determining the appropriate levels, the Company performs a detailed analysis of the assets and liabilities that are subject to guidance on Fair Value Measurements.</p> <p id="xdx_849_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zMilg1RyxSW1" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify; text-indent: -24.5pt"><b>(z)</b>  <b><i><span id="xdx_86E_zVhiiFOue962">Recent Accounting Pronouncements</span>:</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 24.5pt; text-align: justify">In March 2020, the FASB issued ASU 2020-4, “Reference Rate Reform (Topic 848)” (“ASU 2020-4”), which provides optional guidance, intended to ease the potential burden in accounting for the expected discontinuation of LIBOR as a reference rate in the financial markets. The guidance can be applied to modifications made to certain contracts to replace LIBOR with a new reference rate. The guidance, if elected, will permit entities to treat such modifications as the continuation of the original contract, without any required accounting reassessments or remeasurements. The ASU 2020-4 was effective for the Company beginning on March 12, 2020 and the Company will apply the amendments prospectively through December 31, 2022. There was no impact to the Company’s consolidated financial statements as a result of adopting this standard update. Currently, the Company has various contracts that reference LIBOR and is assessing how this standard may be applied to specific contract modifications.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify">In October 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-17, Consolidation (Topic 810): “Targeted Improvements to Related Party Guidance for Variable Interest Entities” (“ASU 2018-17”). ASU 2018-17 provides that indirect interests held through related parties in common control arrangements should be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. This is consistent with how indirect interests held through related parties under common control are considered for determining whether a reporting entity must consolidate a VIE. For public business entities the amendments were effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption was permitted. The Company has adopted this standard update as of January 1, 2020. The adoption of this new accounting guidance did not have a material effect on the Company’s consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify">In August 2018, FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement”. This update modifies the disclosure requirements on fair value measurements. ASU 2018-13 was effective for fiscal years beginning after December 15, 2019, and earlier adoption was permitted. The Company has adopted this standard update as of January 1, 2020. The adoption of this new accounting guidance did not have a material effect on the Company’s consolidated financial statements.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 9.9pt 0 8pt 24.5pt; text-align: justify">In June 2016, FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This ASU amends the accounting for credit losses on available-for-sale debt securities, purchased financial assets with credit deterioration and clarifies that impairment of receivables arising from operating leases should be accounted for in accordance with Topic 842, Leases. In addition, these amendments require the measurement of all expected credit losses for financial assets, including trade accounts receivable, held at the reporting date based on historical experience, current conditions, and current expectations of future economic conditions based on reasonable and supportable forecasts. The Company has adopted this standard update as of January 1, 2020. This new guidance did not have a material impact on the Company’s consolidated financial statements, as the majority of its Accounts receivable, net relates to receivables arising from operating leases and are scoped out of the new standard.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 9.9pt 0 8pt 24.5pt; text-align: justify">The Company has assessed all the expected credit losses of its financial assets and the adoption of this ASU did not have a material impact on the Company’s consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.5pt; text-align: justify"/> <p id="xdx_80F_eus-gaap--CashAndCashEquivalentsDisclosureTextBlock_zyNvtPb6i0X9" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify; text-indent: 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 3 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>CASH AND CASH EQUIVALENTS </b></span></p> <p id="xdx_891_eus-gaap--ScheduleOfCashAndCashEquivalentsTableTextBlock_zDjZlCjaD1A" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-indent: 11.5pt"><span id="xdx_824_zkhRZEasRKh6"><span id="xdx_8B5_za0DJt0BvMJf">Cash and cash equivalents</span></span> consist of the following:</p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_494_20201231_z7as7kumP0Sl" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_496_20191231_ziY67s9ygAag" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b> </span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_400_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_maCCERCzqpO_zb1541bAUvnb" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">19,303</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">23,354</span></td> <td style="width: 1%"> </td></tr> <tr id="xdx_407_eus-gaap--RestrictedCashAndCashEquivalentsAtCarryingValue_iI_pn3n3_maCCERCzqpO_zc2Ka6VOgen3" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Restricted cash</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">11,425</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">7,048</span></td> <td> </td></tr> <tr id="xdx_40A_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_iTI_pn3n3_mtCCERCzqpO_zH1j7GVIeeXg" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total cash and cash equivalents and restricted cash</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>30,728</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>30,402</b></span></td> <td> </td></tr> </table> <p id="xdx_8A1_zsodfnggiyD9" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Short-term deposits and highly liquid funds relate to amounts held in banks for general financing purposes and represent deposits with an original maturity of less than three months.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Cash deposits and cash equivalents in excess of amounts covered by government-provided insurance are exposed to loss in the event of non-performance by financial institutions. Navios Partners does maintain cash deposits and equivalents in excess of government-provided insurance limits. Navios Partners also minimizes exposure to credit risk by dealing with a diversified group of major financial institutions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"/> <p id="xdx_891_eus-gaap--ScheduleOfCashAndCashEquivalentsTableTextBlock_zDjZlCjaD1A" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-indent: 11.5pt"><span id="xdx_824_zkhRZEasRKh6"><span id="xdx_8B5_za0DJt0BvMJf">Cash and cash equivalents</span></span> consist of the following:</p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_494_20201231_z7as7kumP0Sl" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_496_20191231_ziY67s9ygAag" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b> </span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_400_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_maCCERCzqpO_zb1541bAUvnb" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">19,303</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">23,354</span></td> <td style="width: 1%"> </td></tr> <tr id="xdx_407_eus-gaap--RestrictedCashAndCashEquivalentsAtCarryingValue_iI_pn3n3_maCCERCzqpO_zc2Ka6VOgen3" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Restricted cash</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">11,425</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">7,048</span></td> <td> </td></tr> <tr id="xdx_40A_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_iTI_pn3n3_mtCCERCzqpO_zH1j7GVIeeXg" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total cash and cash equivalents and restricted cash</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>30,728</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>30,402</b></span></td> <td> </td></tr> </table> 19303000 23354000 11425000 7048000 30728000 30402000 <p id="xdx_80C_ecustom--AccountsReceivableNetTextBlock_z7lS9qa2b9i8" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 4 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>ACCOUNTS RECEIVABLE, NET</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_823_zns9NdVcleg1">Accounts receivable, net</span> </b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"/> <p id="xdx_894_eus-gaap--ScheduleOfCreditLossesForFinancingReceivablesCurrentTableTextBlock_zdhlTUl2L8F2" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span>Accounts receivable</span> consisted of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span id="xdx_8B2_zqIvvJhut75k" style="display: none">Accounts Receivable net - Accounts Receivable Lessen By Provision for Doubtful Receivables</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_49B_20201231_z6UY4xl76Kv" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_499_20191231_zzWNHFYdXhn2" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_40C_eus-gaap--AccountsReceivableGrossCurrent_iI_pn3n3_maARNCzynR_zRhViGtHFQZ1" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accounts receivable</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">19,959</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">12,786</span></td> <td style="width: 1%"> </td></tr> <tr id="xdx_403_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNI_pn3n3_di_msARNCzynR_zS4qws4gynXf" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Less: Provision for credit losses</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(2,990)</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td> </td></tr> <tr id="xdx_40B_eus-gaap--AccountsReceivableNetCurrent_iTI_pn3n3_mtARNCzynR_zl9YQjlnnXza" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Accounts receivable, net</b></span></td> <td style="border-bottom: Black 1.5pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>16,969</b></span></td> <td> </td> <td style="border-bottom: Black 1.5pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>11,291</b></span></td> <td> </td></tr> </table> <p id="xdx_8AC_zL4werrc2XD5" style="margin-top: 0; margin-bottom: 0"> </p> <p id="xdx_89F_eus-gaap--AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_zjZQQlGPXCL8" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8B3_zVbj3iT5MLd2" style="display: none">Accounts Receivable net - Charges to provisions for doubtful accounts</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span>Charges to provisions for doubtful accounts</span> are summarized as follows:</p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 39%"><span style="font: 9pt Times New Roman, Times, Serif"><b>Allowance for credit losses</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 16%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Balance at</b><br/> <b>beginning of period</b></span></td> <td style="width: 2%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 13%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Charges to costs</b><br/> <b>and expenses</b></span></td> <td style="width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 11%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Amount utilized</b></span></td> <td style="width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 12%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Balance at</b><br/> <b>end of period</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Year ended December 31, 2020</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNS_di_c20200101__20201231_zznQLDoKOxZg" style="text-align: right" title="Balance at beginning of period"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_989_eus-gaap--ProvisionForDoubtfulAccounts_iN_di_c20200101__20201231_zTzluGRcIIek" style="text-align: right" title="Charges to costs and expenses"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--AllowanceForDoubtfulAccountsReceivableRecoveries_d0_c20200101__20201231_zQJPCRtJttkl" style="text-align: right" title="Amount utilized"><span style="font-size: 10pt">—</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_988_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNE_di_c20200101__20201231_zy4cp6dFL9yi" style="text-align: right" title="Balance at end of period"><span style="font: 10pt Times New Roman, Times, Serif">(2,990)</span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Year ended December 31, 2019</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_980_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNS_di_c20190101__20191231_zHitoSY78bTg" style="text-align: right" title="Balance at beginning of period"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_980_eus-gaap--ProvisionForDoubtfulAccounts_iN_di0_c20190101__20191231_zNRQY4Q3onjc" style="text-align: right" title="Charges to costs and expenses"><span style="font-size: 10pt">—</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--AllowanceForDoubtfulAccountsReceivableRecoveries_d0_c20190101__20191231_zkEx4UOSETxd" style="text-align: right" title="Amount utilized"><span style="font-size: 10pt">—</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNE_di_c20190101__20191231_zognJRIZM7ah" style="text-align: right" title="Balance at end of period"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Year ended December 31, 2018</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNS_di_c20180101__20181231_zeRp4cEK5bU3" style="text-align: right" title="Balance at beginning of period"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98C_eus-gaap--ProvisionForDoubtfulAccounts_iN_di0_c20180101__20181231_zS9gwYyCXhI" style="text-align: right" title="Charges to costs and expenses">—</td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_987_eus-gaap--AllowanceForDoubtfulAccountsReceivableRecoveries_d0_c20180101__20181231_zbCUxidPVoxd" style="text-align: right" title="Amount utilized"><span style="font-size: 10pt">—</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98C_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNE_di_c20180101__20181231_ziqXNmbIPaDl" style="text-align: right" title="Balance at end of period"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td> </td></tr> </table> <p id="xdx_8AF_zE5RDkJ8ud84" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.5pt; text-align: justify"><span id="xdx_907_eus-gaap--ConcentrationRiskCustomer_c20200101__20201231_zF1wEQV9Ewxj">Concentration of credit risk with respect to accounts receivable is limited due to the Company's large number of customers, who are internationally dispersed and have a variety of end markets in which they sell. Due to these factors, management believes that no additional credit risk beyond amounts provided for collection losses is inherent in the Company's trade receivables.</span> For the year ended December 31, 2020, three customers accounted for <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_uPure_c20200101__20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zpoBHepZNrp">23.4%</span>, <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_uPure_c20200101__20201231__srt--MajorCustomersAxis__custom--SingaporeMarineMember_z1AlvrzZRMA5">19.5%</span> and <span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_uPure_c20200101__20201231__srt--MajorCustomersAxis__custom--CargillMember_znTA2Ulamcji">11.4%</span>, respectively, of the Company’s total revenues. For the year ended December 31, 2019, three customers accounted for <span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_uPure_c20190101__20191231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zj5T4A5oN0hg">25.9%</span>, <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_uPure_c20190101__20191231__srt--MajorCustomersAxis__custom--SwissmarineMember_zmEM99qeCoJj">12.3%</span> and <span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_uPure_c20190101__20191231__srt--MajorCustomersAxis__custom--CargillMember_zV1ryR4iavwj">10.9%</span>, respectively, of the Company’s total revenues and for the year ended December 31, 2018, one customer accounted for <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_uPure_c20180101__20181231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zX0P10Fm9p06">24.5%</span> of the Company's revenue.</p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b> </b></span></p> <p id="xdx_894_eus-gaap--ScheduleOfCreditLossesForFinancingReceivablesCurrentTableTextBlock_zdhlTUl2L8F2" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span>Accounts receivable</span> consisted of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span id="xdx_8B2_zqIvvJhut75k" style="display: none">Accounts Receivable net - Accounts Receivable Lessen By Provision for Doubtful Receivables</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_49B_20201231_z6UY4xl76Kv" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_499_20191231_zzWNHFYdXhn2" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_40C_eus-gaap--AccountsReceivableGrossCurrent_iI_pn3n3_maARNCzynR_zRhViGtHFQZ1" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accounts receivable</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">19,959</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">12,786</span></td> <td style="width: 1%"> </td></tr> <tr id="xdx_403_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNI_pn3n3_di_msARNCzynR_zS4qws4gynXf" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Less: Provision for credit losses</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(2,990)</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td> </td></tr> <tr id="xdx_40B_eus-gaap--AccountsReceivableNetCurrent_iTI_pn3n3_mtARNCzynR_zl9YQjlnnXza" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Accounts receivable, net</b></span></td> <td style="border-bottom: Black 1.5pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>16,969</b></span></td> <td> </td> <td style="border-bottom: Black 1.5pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>11,291</b></span></td> <td> </td></tr> </table> 19959000 12786000 2990000 1495000 16969000 11291000 <p id="xdx_89F_eus-gaap--AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_zjZQQlGPXCL8" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8B3_zVbj3iT5MLd2" style="display: none">Accounts Receivable net - Charges to provisions for doubtful accounts</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span>Charges to provisions for doubtful accounts</span> are summarized as follows:</p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 39%"><span style="font: 9pt Times New Roman, Times, Serif"><b>Allowance for credit losses</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 16%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Balance at</b><br/> <b>beginning of period</b></span></td> <td style="width: 2%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 13%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Charges to costs</b><br/> <b>and expenses</b></span></td> <td style="width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 11%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Amount utilized</b></span></td> <td style="width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 12%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Balance at</b><br/> <b>end of period</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Year ended December 31, 2020</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNS_di_c20200101__20201231_zznQLDoKOxZg" style="text-align: right" title="Balance at beginning of period"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_989_eus-gaap--ProvisionForDoubtfulAccounts_iN_di_c20200101__20201231_zTzluGRcIIek" style="text-align: right" title="Charges to costs and expenses"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--AllowanceForDoubtfulAccountsReceivableRecoveries_d0_c20200101__20201231_zQJPCRtJttkl" style="text-align: right" title="Amount utilized"><span style="font-size: 10pt">—</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_988_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNE_di_c20200101__20201231_zy4cp6dFL9yi" style="text-align: right" title="Balance at end of period"><span style="font: 10pt Times New Roman, Times, Serif">(2,990)</span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Year ended December 31, 2019</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_980_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNS_di_c20190101__20191231_zHitoSY78bTg" style="text-align: right" title="Balance at beginning of period"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_980_eus-gaap--ProvisionForDoubtfulAccounts_iN_di0_c20190101__20191231_zNRQY4Q3onjc" style="text-align: right" title="Charges to costs and expenses"><span style="font-size: 10pt">—</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--AllowanceForDoubtfulAccountsReceivableRecoveries_d0_c20190101__20191231_zkEx4UOSETxd" style="text-align: right" title="Amount utilized"><span style="font-size: 10pt">—</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNE_di_c20190101__20191231_zognJRIZM7ah" style="text-align: right" title="Balance at end of period"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Year ended December 31, 2018</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNS_di_c20180101__20181231_zeRp4cEK5bU3" style="text-align: right" title="Balance at beginning of period"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98C_eus-gaap--ProvisionForDoubtfulAccounts_iN_di0_c20180101__20181231_zS9gwYyCXhI" style="text-align: right" title="Charges to costs and expenses">—</td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_987_eus-gaap--AllowanceForDoubtfulAccountsReceivableRecoveries_d0_c20180101__20181231_zbCUxidPVoxd" style="text-align: right" title="Amount utilized"><span style="font-size: 10pt">—</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98C_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iNE_di_c20180101__20181231_ziqXNmbIPaDl" style="text-align: right" title="Balance at end of period"><span style="font: 10pt Times New Roman, Times, Serif">(1,495)</span></td> <td> </td></tr> </table> 1495000 1495000 0 2990000 1495000 -0 0 1495000 1495000 -0 0 1495000 Concentration of credit risk with respect to accounts receivable is limited due to the Company's large number of customers, who are internationally dispersed and have a variety of end markets in which they sell. Due to these factors, management believes that no additional credit risk beyond amounts provided for collection losses is inherent in the Company's trade receivables. 0.234 0.195 0.114 0.259 0.123 0.109 0.245 <p id="xdx_800_eus-gaap--DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_z5a1XAcjRGYe" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 5 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>PREPAID EXPENSES AND OTHER CURRENT ASSETS </b></span></p> <p id="xdx_894_eus-gaap--ScheduleOfOtherCurrentAssetsTableTextBlock_zzFUi4NKAyb7" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span id="xdx_82E_zPDCDhSQq4d1">Prepaid expenses and other current assets</span> consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span id="xdx_8BF_zUCt5O6iUgak" style="display: none">Prepaid Expenses And Other Current Assets</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_497_20201231_zRmxHHwm9nFb" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_498_20191231_zwpsdI3xhBx9" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_402_ecustom--PrepaidVoyageCosts_iI_pn3n3_maPEAOAzXsR_ztbPTRP38mAj" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Prepaid voyage costs</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 11%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">284</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 11%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">338</span></td> <td style="width: 1%"> </td></tr> <tr id="xdx_40A_eus-gaap--InventoryNet_iI_pn3n3_maPEAOAzXsR_zUJH6tVQy5jc" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Inventories</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,267 </span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,281</span></td> <td> </td></tr> <tr id="xdx_407_eus-gaap--PrepaidInsurance_iI_pn3n3_maPEAOAzXsR_z4W7nNsxPMm1" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Claims receivable</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">633</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,939</span></td> <td> </td></tr> <tr id="xdx_403_eus-gaap--OtherPrepaidExpenseCurrent_iI_pn3n3_maPEAOAzXsR_zY9K2PL42Yhc" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Other</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">899</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">905</span></td> <td> </td></tr> <tr id="xdx_40F_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_iTI_pn3n3_mtPEAOAzXsR_zgXCVEwqg983" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total prepaid expenses and other current assets</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>8,083</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>10,463</b></span></td> <td> </td></tr> </table> <p id="xdx_8A9_z7Fct99o1lNk" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Inventories, which are comprised of bunkers, lubricants and stores remaining on board as of December 31, 2020, are valued at cost as determined on the first-in, first-out basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Claims receivable mainly represent claims against vessels' insurance underwriters in respect of damages arising from accidents or other insured risks, as well as claims under charter contracts.</p> <p id="xdx_894_eus-gaap--ScheduleOfOtherCurrentAssetsTableTextBlock_zzFUi4NKAyb7" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span id="xdx_82E_zPDCDhSQq4d1">Prepaid expenses and other current assets</span> consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span id="xdx_8BF_zUCt5O6iUgak" style="display: none">Prepaid Expenses And Other Current Assets</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_497_20201231_zRmxHHwm9nFb" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_498_20191231_zwpsdI3xhBx9" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_402_ecustom--PrepaidVoyageCosts_iI_pn3n3_maPEAOAzXsR_ztbPTRP38mAj" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Prepaid voyage costs</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 11%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">284</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 11%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">338</span></td> <td style="width: 1%"> </td></tr> <tr id="xdx_40A_eus-gaap--InventoryNet_iI_pn3n3_maPEAOAzXsR_zUJH6tVQy5jc" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Inventories</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,267 </span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,281</span></td> <td> </td></tr> <tr id="xdx_407_eus-gaap--PrepaidInsurance_iI_pn3n3_maPEAOAzXsR_z4W7nNsxPMm1" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Claims receivable</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">633</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,939</span></td> <td> </td></tr> <tr id="xdx_403_eus-gaap--OtherPrepaidExpenseCurrent_iI_pn3n3_maPEAOAzXsR_zY9K2PL42Yhc" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Other</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">899</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">905</span></td> <td> </td></tr> <tr id="xdx_40F_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_iTI_pn3n3_mtPEAOAzXsR_zgXCVEwqg983" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total prepaid expenses and other current assets</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>8,083</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>10,463</b></span></td> <td> </td></tr> </table> 284000 338000 6267000 6281000 633000 2939000 899000 905000 8083000 10463000 <p id="xdx_809_eus-gaap--PropertyPlantAndEquipmentDisclosureTextBlock_ztzvyBZcQSe7" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 6 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>VESSELS, NET</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b> <span id="xdx_821_zj9aQ0pPKhg3" style="display: none">Vessels, net</span></b></span> </p> <p id="xdx_892_eus-gaap--PropertyPlantAndEquipmentTextBlock_zXzGF54cbnM5" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"> </p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_8B8_zAvFKRMcXLe8" style="display: none">Vessels, net</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>Vessels</b></span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Cost</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Accumulated</b><br/> <b>Depreciation</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Net Book</b><br/> <b>Value</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance December 31, 2017</b></span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentGross_iS_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_znIE27eMkKZd" style="width: 13%; text-align: right" title="Balance"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,420,078</b></span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_98A_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNS_di_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zjFidJFBPMpl" style="width: 13%; text-align: right" title="Balance"><span style="font: 10pt Times New Roman, Times, Serif"><b>(321,063)</b></span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentNet_iS_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_ztp34ddhZkQ4" style="width: 13%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,099,015</b></span></td> <td style="width: 2%"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Additions</span></td> <td> </td> <td id="xdx_982_eus-gaap--PropertyPlantAndEquipmentAdditions_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_z45o3KaGUsw3" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">115,902</span></td> <td> </td> <td> </td> <td id="xdx_988_eus-gaap--Depreciation_iN_di_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zTIKyjBxwGzc" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">(54,585)</span></td> <td> </td> <td> </td> <td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentAdditions_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_znvlWq0teONk" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">61,317</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Disposals</span></td> <td> </td> <td id="xdx_980_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_di_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zwvGslg7mcGc" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">(76,264)</span></td> <td> </td> <td> </td> <td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1_d0_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zjXvKHd4ndtd" style="text-align: right" title="Disposals"><span style="font-size: 10pt">—</span></td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_di_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zOhjv40XSZf" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">(76,264)</span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessels impairment loss</span></td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_988_eus-gaap--AssetImpairmentCharges_iN_di_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_z6BH1fFf3XQ2" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">(99,485)</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_984_ecustom--AccumulatedDepreciationDepletionAndAmortizationOfPropertyPlantAndEquipment_d0_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_z54R7OCKxvAl" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">58,667</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_eus-gaap--AssetImpairmentCharges_iN_di_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zrlvjBfRBzQ5" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">(40,818)</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance December 31, 2018</b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentGross_iS_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zFKYwUzNkXv5" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,360,231</b></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_98F_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNS_di_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zAWmtQ40sFPe" style="text-align: right" title="Balance"><span style="font: 10pt Times New Roman, Times, Serif"><b>(316,981)</b></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentNet_iS_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_z4Vgz8pmFgMc" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,043,250</b></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Additions</span></td> <td> </td> <td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentAdditions_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zUEKfEnmoik2" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">113,391</span></td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--Depreciation_iN_di_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zwdO43T6lVT9" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">(52,088)</span></td> <td> </td> <td> </td> <td id="xdx_980_eus-gaap--PropertyPlantAndEquipmentAdditions_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zYwrNcOfVOXj" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">61,303</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Disposals</span></td> <td> </td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_di_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zo8siKu14Zv8" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">(5,696)</span></td> <td> </td> <td> </td> <td id="xdx_984_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1_d0_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zGtelVt3AcDg" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">81</span></td> <td> </td> <td> </td> <td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_di_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zDtsSQ73dXhe" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">(5,615)</span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessels impairment loss</span></td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98C_eus-gaap--AssetImpairmentCharges_iN_di_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_z7Amwtkd98e1" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">(97,170)</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_ecustom--AccumulatedDepreciationDepletionAndAmortizationOfPropertyPlantAndEquipment_d0_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zL6YAQv13Uv1" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">60,490</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_eus-gaap--AssetImpairmentCharges_iN_di_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zcTnpScDeNa7" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">(36,680)</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance December 31, 2019</b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_iS_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zRnDiGDfCAU8" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,370,756</b></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNS_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zfMR7X3RU4S1" style="text-align: right" title="Balance"><span style="font: 10pt Times New Roman, Times, Serif"><b>(308,498)</b></span></td> <td/> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentNet_iS_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zAZTYRcmctee" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,062,258</b></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Additions</span></td> <td> </td> <td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentAdditions_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zTr7AJyltfOh" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">110,416</span></td> <td> </td> <td> </td> <td id="xdx_988_eus-gaap--Depreciation_iN_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zKusnj36MmXd" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">(54,884)</span></td> <td> </td> <td> </td> <td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentAdditions_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zXrrW1XvIzna" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">55,532</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Disposals</span></td> <td> </td> <td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zouxaKCtmaX2" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">(5,233)</span></td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1_d0_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zyCnsyEtTLil" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">158</span></td> <td> </td> <td> </td> <td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zbjVdXJa7hW8" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">(5,075)</span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessels impairment loss</span></td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_eus-gaap--AssetImpairmentCharges_iN_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zAuuMNcgt1P2" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">(161,199)</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_988_ecustom--AccumulatedDepreciationDepletionAndAmortizationOfPropertyPlantAndEquipment_d0_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zsQuDC1RwQ72" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">89,622</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_eus-gaap--AssetImpairmentCharges_iN_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zqHB87zPYQJg" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">(71,577)</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance December 31, 2020</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_986_eus-gaap--PropertyPlantAndEquipmentGross_iE_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_z0norJyNoIsa" style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,314,740</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_984_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNE_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zOlANGtUb4F1" style="border-bottom: black 2.25pt double; text-align: right" title="Balance"><span style="font: 10pt Times New Roman, Times, Serif"><b>(273,602)</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentNet_iE_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zmV0qjJamczc" style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,041,138</b></span></td> <td> </td></tr> </table> <p id="xdx_8AC_zV90vDRmqTC2" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"> </p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">During the years ended December 31, 2020 and 2019, certain extraordinary fees and costs related to vessels' regulatory requirements, including ballast water treatment system installation and exhaust gas cleaning system installation, amounted to $<span id="xdx_900_eus-gaap--PaymentsToAcquireWaterAndWasteWaterSystems_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember_zcba2yp2v0Y8" title="Payments to Acquire Water and Waste Water Systems">3,366</span> and $<span id="xdx_90C_eus-gaap--PaymentsToAcquireWaterAndWasteWaterSystems_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember_zzTThBMx7QT9" title="Payments to Acquire Water and Waste Water Systems">16,313</span>, respectively (see Note 17 — Transactions with related parties and affiliates).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Acquisition of Vessels</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>2020 </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On September 30, 2020, Navios Partners acquired the Navios Gem, a <span id="xdx_901_ecustom--VesselYearBuilt_c20200101__20200930__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGemMember_ztkXaAjEhe6">2014</span>-built <span id="xdx_90A_ecustom--VesselType_c20200101__20200930__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGemMember_z4PblniecEB6">Capesize</span> vessel of <span id="xdx_903_ecustom--VesselCapacity_uPure_c20200101__20200930__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGemMember_zY4vQpb6n2Y2">181,336</span> dwt and the Navios Victory, a <span id="xdx_90A_ecustom--VesselYearBuilt_c20200101__20200930__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosVictoryMember_zj2wUxSkdx5j">2014</span>-built <span id="xdx_900_ecustom--VesselType_c20200101__20200930__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosVictoryMember_zhrdiV36Adr4">Panamax</span> vessel of <span id="xdx_908_ecustom--VesselCapacity_uPure_c20200101__20200930__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosVictoryMember_z5ELB9A39ua8">77,095</span> dwt, from its affiliate, Navios Holdings, for a purchase price of $<span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20200101__20200930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGemNaviosVictoryMember_zngBaCKRuYil">51,000</span> (see Note 17 — Transactions with related parties and affiliates).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On June 29, 2020, Navios Partners acquired <span id="xdx_90A_ecustom--NumberOfVesselsAcquired_iI_dc_uPure_c20200629__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FiveDrybulkVesselsMember_zT5QAxeOJ2P1">five</span> drybulk vessels, <span id="xdx_908_ecustom--NumberOfVesselsAcquired_iI_dc_uPure_c20200629__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsIIMember_z5T05Gx2J4Ne">three</span> Panamax and <span id="xdx_90F_ecustom--NumberOfVesselsAcquired_iI_dc_uPure_c20200629__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--UltraHandymaxMember_z1CYHY1kiOli">two</span> Ultra-Handymax, for a fair value of $<span id="xdx_908_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20190101__20190629__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FiveDrybulkVesselsThreePanamaxVesselsAndTwoUltraHandymaxVesselsMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zGwOzOFnxiM">56,050</span> in total, following the liquidation of Navios Europe II (see Note 17 — Transactions with related parties and affiliates).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>2019</i></b></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On December 16, 2019, Navios Partners acquired <span id="xdx_904_ecustom--NumberOfVesselsAcquired_iI_dc_uPure_c20191216__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FourDrybulkVesselsMember_zO00HXzdj5nc">four</span> drybulk vessels, from an entity affiliated with the Company's Chairman and CEO, for a fair value of $<span id="xdx_90A_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20190101__20191216__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FourDrybulkVesselsMember_zP4A0deSlF7d">40,379</span>, in total, through bank financing of $<span id="xdx_903_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20191216__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FourDrybulkVesselsMember_zJX52rok3fTh">37,000</span> (see Note 17 — Transactions with related parties and affiliates).</span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On December 13, 2019, Navios Partners acquired <span id="xdx_907_ecustom--NumberOfVesselsAcquired_iI_dc_uPure_c20191213__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SubpanamaxVesselsIIMember_zQJ7cBHFdAl7">three</span> Sub-Panamax and <span id="xdx_901_ecustom--NumberOfVesselsAcquired_iI_dc_uPure_c20191213__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsIIIMember_zkaaBVuIQOF3">two</span> Panamax Containerships for a fair value of $<span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20190101__20191213__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ThreeSubPanamaxAndTwoPanamaxContainershipsMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIMember_zQBdB21ORVx1">56,083</span>, in total, following the liquidation of Navios Europe I (see Note 17 — Transactions with related parties and affiliates).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>2018 </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On August 31, 2018, Navios Partners acquired from its affiliate, Navios Holdings, the Navios Sphera, a <span id="xdx_900_ecustom--VesselYearBuilt_c20180101__20181231__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSpheraMember_z3LAx7pdPp8j">2016</span>-built <span id="xdx_908_ecustom--VesselType_c20180101__20181231__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSpheraMember_zC03y6KuP89f">Panamax</span> vessel of <span id="xdx_90E_ecustom--VesselCapacity_uPure_c20180101__20181231__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSpheraMember_zUMyFZgaYp38">84,872</span> dwt and the Navios Mars, a <span id="xdx_906_ecustom--VesselYearBuilt_c20180101__20181231__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMarsMember_z9bNChyMAvec">2016</span>-built <span id="xdx_900_ecustom--VesselType_c20180101__20181231__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMarsMember_zMVXT3d6ale">Capesize</span> vessel of <span id="xdx_901_ecustom--VesselCapacity_uPure_c20180101__20181231__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMarsMember_zjC1Ar4zQn82">181,259</span> dwt, for an acquisition cost $<span id="xdx_90E_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20180101__20180831__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSpheraAndNaviosMarsMember_zLOoGu6I6yd4">79,000</span>, in total.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On June 7, 2018, Navios Partners acquired from an unrelated third party the Navios Altair I, a <span id="xdx_909_ecustom--VesselYearBuilt_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAltairIMember_zSr821MDBbX1">2006</span>-built <span id="xdx_904_ecustom--VesselType_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAltairIMember_zgotQTcAOGte">Panamax</span> vessel of <span id="xdx_90D_ecustom--VesselCapacity_uPure_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAltairIMember_zfXi0YVtsfo2">74,475</span> dwt, for an acquisition cost of $<span id="xdx_904_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20180101__20180607__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAltairIMember_zpihIbdMDSMd">11,842</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On May 21, 2018, Navios Partners acquired from an unrelated third party the Navios Symmetry, a <span id="xdx_90A_ecustom--VesselYearBuilt_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSymmetryMember_zcofEflHhVs1">2006</span>-built <span id="xdx_904_ecustom--VesselType_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSymmetryMember_z4jKcfVbHsZ6">Panamax</span> vessel of <span id="xdx_902_ecustom--VesselCapacity_uPure_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSymmetryMember_zg54eaih1i76">74,381</span> dwt, for an acquisition cost of $<span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20180101__20180521__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSymmetryMember_zTp9lgll059l">11,811</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On May 9, 2018, Navios Partners acquired from an unrelated third party the Navios Apollon I, a <span id="xdx_90C_ecustom--VesselYearBuilt_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosApollonIMember_zJMTtEzRdqIc">2005</span>-built <span id="xdx_900_ecustom--VesselType_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosApollonIMember_zBwEEjZziZJ3">Panamax</span> vessel of <span id="xdx_908_ecustom--VesselCapacity_uPure_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosApollonIMember_zQTxMu0rnvPi">87,052</span> dwt, for an acquisition cost of $<span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20180101__20180509__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosApollonIMember_zy4UN7ExreZ8">13,446</span>. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Sale of Vessels </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>2020</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On December 10, 2020, Navios Partners sold the Navios Soleil to an unrelated third party for a net sale price of $<span id="xdx_903_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20200101__20201210__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSoleilMember_zdUK8Rp1Eewl">8,183</span>. The aggregate net carrying amount of the vessel, including the remaining carrying balance of dry dock and special survey cost of $<span id="xdx_90B_ecustom--DryDockSpecialSurveyCostsNet_iI_pn3n3_c20201210__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSoleilMember_z0mtU30s4xNi">3,108</span>, amounted to $<span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentNet_iI_pn3n3_c20201210__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSoleilMember_z4L3jimLIyhl" title="Vessels, net">18,163</span> as at the date of sale. Following the impairment loss of $<span id="xdx_90D_eus-gaap--AssetImpairmentCharges_pn3n3_c20200101__20201210__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSoleilMember_z85go6b6V0N1">9,980</span>, recognized as of December 31, 2020, no loss on sale occurred upon the sale of the vessel.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>2019 </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On April 23, 2019, Navios Partners sold the Navios Galaxy I to an unrelated third party, for a net sale price of $<span id="xdx_905_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20190101__20190423__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIMember_zq0m9X2MLAl1">5,978</span>. Following the impairment loss of $<span id="xdx_909_eus-gaap--AssetImpairmentCharges_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIMember_zsdAzwp4ohPj">7,345</span> recognized as of March 31, 2019, no loss on sale occurred upon the sale of the vessel.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>2018 </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On December 14, 2018, Navios Partners sold the Navios Libra II to an unrelated third party, for a net sale price of $<span id="xdx_900_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20180101__20181214__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosLibraIIMember_zodVXiDRHS5g">4,559</span>. The aggregate net carrying amount of the vessel, including the remaining carrying balance of dry dock and special survey cost of $<span id="xdx_902_ecustom--DryDockSpecialSurveyCostsNet_iI_pn3n3_c20181214__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosLibraIIMember_znRQcIcgOkU8">657</span>, amounted to $<span id="xdx_90E_eus-gaap--PropertyPlantAndEquipmentNet_iI_pn3n3_c20181214__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosLibraIIMember_z7TS8SFrOyT">5,784</span> as at the date of sale.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On December 4, 2018, Navios Partners sold the Navios Felicity to an unrelated third party, for a net sale price of $<span id="xdx_909_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20180101__20181204__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityMember_zEsQLh8mrE3c">4,705</span>. The aggregate net carrying amount of the vessels, including the remaining carrying balance of dry dock and special survey cost of $<span id="xdx_905_ecustom--DryDockSpecialSurveyCostsNet_iI_pn3n3_c20181204__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityMember_zOtVTRq6ATqa">818</span>, amounted to $<span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentNet_iI_pn3n3_c20181204__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityMember_z1WaTTA7Wnw1">10,016</span> as at the date of sale. The loss on sale of the vessel was $<span id="xdx_906_eus-gaap--GainLossOnSaleOfPropertyPlantEquipment_iN_pn3n3_di_c20180101__20181204__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityMember_z3PUYVo48D2" title="Loss on sale of vessel">53</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On July 2, 2018, Navios Partners sold the YM Unity and the YM Utmost to its affiliate, Navios Containers, for a total sale price of $<span id="xdx_90F_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20180101__20180427__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--YMUnityAndYMUtmostMember_z4nkbITpUoti">67,000</span>. The aggregate net carrying amount of the vessels, including the remaining carrying balance of dry dock and special survey costs of $<span id="xdx_908_ecustom--DryDockSpecialSurveyCostsNet_iI_pn3n3_c20180702__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--YMUnityAndYMUtmostMember_z6bjLtQ5GJih">2,104</span>, amounted to $<span id="xdx_90C_eus-gaap--PropertyPlantAndEquipmentNet_iI_pn3n3_c20180702__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--YMUnityAndYMUtmostMember_zWjE25GEzDMk">104,860</span> as at the date of sale.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>Vessels impairment loss </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>2020 </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In November 2020, Navios Partners entered into a Memorandum of Agreement with an unrelated third party for the sale of the Castor N for a net sale price of $<span id="xdx_90A_ecustom--SalePriceContractualAgreement_pn3n3_c20200101__20201130__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CastorNMember_zzY0PZGgprKa" title="Sale price">8,869</span>. The vessel was subject to an existing time charter with an unrelated charterer and was not immediately available for sale and therefore, did not qualify as an asset held for sale as of December 31, 2020. As of December 31, 2020, the Company had a current expectation that the vessel would be sold before the end of its previously estimated useful life, and as a result performed an impairment test of the specific asset group. An impairment loss of $<span id="xdx_90B_eus-gaap--AssetImpairmentCharges_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CastorNMember_zW9Jb0gam5Hd">2,026</span> has been recognized under the caption “Vessels impairment loss” in the Consolidated Statements of Operations as of December 31, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In October 2020, Navios Partners entered into a Memorandum of Agreement with an unrelated third party for the sale of the Esperanza N for a net sale price of $<span id="xdx_90D_ecustom--SalePriceContractualAgreement_pn3n3_c20200101__20201031__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EsperanzaNMember_zEsEXLbmyy0l" title="Sale price">4,559</span>. The vessel was subject to an existing time charter with an unrelated charterer and was not immediately available for sale and therefore, did not qualify as an asset held for sale as of December 31, 2020. As of September 30, 2020, the Company had a current expectation that the vessel would be sold before the end of its previously estimated useful life, and as a result performed an impairment test of the specific asset group. An impairment loss of $<span id="xdx_903_eus-gaap--AssetImpairmentCharges_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EsperanzaNMember_znsaQzBgk729">1,780</span> has been recognized under the caption “Vessels impairment loss” in the Consolidated Statements of Operations as of December 31, 2020. The vessel was sold on January 13, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>2019 </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On March 21, 2019, Navios Partners entered into a Memorandum of Agreement with an unrelated third party for the sale of the Navios Galaxy I for a net sale price of $<span id="xdx_90C_ecustom--SalePriceContractualAgreement_pn3n3_c20190101__20190321__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIMember_zCGBC6MJcagc">5,978</span>. The vessel was subject to an existing time charter with an unrelated charterer and was not immediately available for sale and therefore, did not qualify as an asset held for sale as of March 31, 2019. As of March 31, 2019, the Company had a current expectation that the vessel would be sold before the end of its previously estimated useful life, and as a result performed an impairment test of the specific asset group. An impairment loss of $<span id="xdx_907_eus-gaap--AssetImpairmentCharges_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIMember_z2NWnMJUxOCd">7,345 </span>has been recognized under the caption “Vessels impairment loss” in the Consolidated Statements of Operations as of December 31, 2019. The vessel was sold on April 23, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><i>2018</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On October 25, 2018, Navios Partners entered into a Memorandum of Agreement with an unrelated third party for the sale of the Navios Libra II for a net sale price of $<span id="xdx_901_ecustom--SalePriceContractualAgreement_pn3n3_c20180101__20181025__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosLibraIIMember_zdofDOcbP1D">4,559</span>. The Company had a current expectation that the vessel would be sold before the end of its previously estimated useful life, and as a result performed an impairment test of the specific asset group. An impairment loss of $<span id="xdx_900_eus-gaap--AssetImpairmentCharges_pn3n3_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosLibraIIMember_zULEeusCUt6">1,226</span> was recognized under the caption “Vessels impairment loss” in the Consolidated Statements of Operations as of December 31, 2018. The vessel was sold on December 14, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On October 2, 2018, Navios Partners entered into a Memorandum of Agreement with an unrelated third party for the sale of the Navios Felicity for a net sale price of $<span id="xdx_90E_ecustom--SalePriceContractualAgreement_pn3n3_c20180101__20181002__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityMember_z0HUH74fio5k">4,705</span>. The vessel was subject to an existing time charter with an unrelated charterer and was not immediately available for sale and therefore, did not qualify as an asset held for sale as of September 30, 2018. As of September 30, 2018, the Company had a current expectation that the vessel would be sold before the end of its previously estimated useful life, and as a result performed an impairment test of the specific asset group. An impairment loss of $<span id="xdx_904_eus-gaap--AssetImpairmentCharges_pn3n3_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityMember_zfK70toIxGh7">5,258</span> has been recognized under the caption “Vessels impairment loss” in the Consolidated Statements of Operations as of December 31, 2018. The vessel was sold on December 4, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On April 27, 2018, Navios Partners agreed to sell the YM Unity and the YM Utmost to its affiliate, Navios Containers, for a total sale price of $<span id="xdx_908_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20180101__20180427__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--YMUnityAndYMUtmostMember_zouZ3GWxD4Ik">67,000</span>. As of June 30, 2018, the vessels had been classified as held for sale as the relevant criteria for the classification were met and, therefore, they were presented in the Consolidated Balance Sheets at their fair value totaling $<span id="xdx_90B_eus-gaap--DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent_iI_pn3n3_c20180630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--YMUnityAndYMUtmostMember_zWd11iAoPpj5">67,000</span>. An impairment loss of $<span id="xdx_90D_eus-gaap--AssetImpairmentCharges_pn3n3_c20180101__20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--YMUnityAndYMUtmostMember_zpcPSvyBGcU1">37,860</span> for the vessels held for sale was presented under the caption “Vessels impairment loss” in the Consolidated Statements of Operations as of December 31, 2018. The vessels were sold on July 2, 2018, and proceeds from the sale were used to partially repay an amount of $<span id="xdx_90D_eus-gaap--RepaymentsOfDebt_pn3n3_c20180101__20180702__us-gaap--LongtermDebtTypeAxis__custom--RefinanceJuly2012CreditFacilityMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--YMUnityAndYMUtmostMember_ztkCynGuw0G2">20,200</span> of the DVB Credit Facility (see Note 10 — Borrowings).</p> <p id="xdx_892_eus-gaap--PropertyPlantAndEquipmentTextBlock_zXzGF54cbnM5" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"> </p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_8B8_zAvFKRMcXLe8" style="display: none">Vessels, net</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>Vessels</b></span></td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Cost</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Accumulated</b><br/> <b>Depreciation</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Net Book</b><br/> <b>Value</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance December 31, 2017</b></span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentGross_iS_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_znIE27eMkKZd" style="width: 13%; text-align: right" title="Balance"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,420,078</b></span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_98A_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNS_di_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zjFidJFBPMpl" style="width: 13%; text-align: right" title="Balance"><span style="font: 10pt Times New Roman, Times, Serif"><b>(321,063)</b></span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentNet_iS_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_ztp34ddhZkQ4" style="width: 13%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,099,015</b></span></td> <td style="width: 2%"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Additions</span></td> <td> </td> <td id="xdx_982_eus-gaap--PropertyPlantAndEquipmentAdditions_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_z45o3KaGUsw3" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">115,902</span></td> <td> </td> <td> </td> <td id="xdx_988_eus-gaap--Depreciation_iN_di_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zTIKyjBxwGzc" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">(54,585)</span></td> <td> </td> <td> </td> <td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentAdditions_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_znvlWq0teONk" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">61,317</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Disposals</span></td> <td> </td> <td id="xdx_980_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_di_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zwvGslg7mcGc" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">(76,264)</span></td> <td> </td> <td> </td> <td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1_d0_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zjXvKHd4ndtd" style="text-align: right" title="Disposals"><span style="font-size: 10pt">—</span></td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_di_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zOhjv40XSZf" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">(76,264)</span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessels impairment loss</span></td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_988_eus-gaap--AssetImpairmentCharges_iN_di_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_z6BH1fFf3XQ2" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">(99,485)</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_984_ecustom--AccumulatedDepreciationDepletionAndAmortizationOfPropertyPlantAndEquipment_d0_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_z54R7OCKxvAl" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">58,667</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_eus-gaap--AssetImpairmentCharges_iN_di_c20180101__20181231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zrlvjBfRBzQ5" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">(40,818)</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance December 31, 2018</b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentGross_iS_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zFKYwUzNkXv5" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,360,231</b></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_98F_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNS_di_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zAWmtQ40sFPe" style="text-align: right" title="Balance"><span style="font: 10pt Times New Roman, Times, Serif"><b>(316,981)</b></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentNet_iS_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_z4Vgz8pmFgMc" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,043,250</b></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Additions</span></td> <td> </td> <td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentAdditions_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zUEKfEnmoik2" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">113,391</span></td> <td> </td> <td> </td> <td id="xdx_981_eus-gaap--Depreciation_iN_di_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zwdO43T6lVT9" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">(52,088)</span></td> <td> </td> <td> </td> <td id="xdx_980_eus-gaap--PropertyPlantAndEquipmentAdditions_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zYwrNcOfVOXj" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">61,303</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Disposals</span></td> <td> </td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_di_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zo8siKu14Zv8" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">(5,696)</span></td> <td> </td> <td> </td> <td id="xdx_984_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1_d0_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zGtelVt3AcDg" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">81</span></td> <td> </td> <td> </td> <td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_di_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zDtsSQ73dXhe" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">(5,615)</span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessels impairment loss</span></td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98C_eus-gaap--AssetImpairmentCharges_iN_di_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_z7Amwtkd98e1" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">(97,170)</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_ecustom--AccumulatedDepreciationDepletionAndAmortizationOfPropertyPlantAndEquipment_d0_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zL6YAQv13Uv1" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">60,490</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_eus-gaap--AssetImpairmentCharges_iN_di_c20190101__20191231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zcTnpScDeNa7" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">(36,680)</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance December 31, 2019</b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_iS_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zRnDiGDfCAU8" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,370,756</b></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNS_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zfMR7X3RU4S1" style="text-align: right" title="Balance"><span style="font: 10pt Times New Roman, Times, Serif"><b>(308,498)</b></span></td> <td/> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentNet_iS_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zAZTYRcmctee" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,062,258</b></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Additions</span></td> <td> </td> <td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentAdditions_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zTr7AJyltfOh" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">110,416</span></td> <td> </td> <td> </td> <td id="xdx_988_eus-gaap--Depreciation_iN_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zKusnj36MmXd" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">(54,884)</span></td> <td> </td> <td> </td> <td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentAdditions_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zXrrW1XvIzna" style="text-align: right" title="Additions"><span style="font: 10pt Times New Roman, Times, Serif">55,532</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Disposals</span></td> <td> </td> <td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zouxaKCtmaX2" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">(5,233)</span></td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1_d0_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zyCnsyEtTLil" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">158</span></td> <td> </td> <td> </td> <td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentDisposals_iN_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zbjVdXJa7hW8" style="text-align: right" title="Disposals"><span style="font: 10pt Times New Roman, Times, Serif">(5,075)</span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessels impairment loss</span></td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_eus-gaap--AssetImpairmentCharges_iN_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_zAuuMNcgt1P2" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">(161,199)</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_988_ecustom--AccumulatedDepreciationDepletionAndAmortizationOfPropertyPlantAndEquipment_d0_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zsQuDC1RwQ72" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">89,622</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98F_eus-gaap--AssetImpairmentCharges_iN_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zqHB87zPYQJg" style="border-bottom: black 1pt solid; text-align: right" title="Vessels impairment loss"><span style="font: 10pt Times New Roman, Times, Serif">(71,577)</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Balance December 31, 2020</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_986_eus-gaap--PropertyPlantAndEquipmentGross_iE_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CostMember_z0norJyNoIsa" style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,314,740</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_984_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNE_di_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AccumulatedDepreciationMember_zOlANGtUb4F1" style="border-bottom: black 2.25pt double; text-align: right" title="Balance"><span style="font: 10pt Times New Roman, Times, Serif"><b>(273,602)</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentNet_iE_c20200101__20201231__us-gaap--MajorPropertyClassAxis__custom--VesselsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NetBookValueMember_zmV0qjJamczc" style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>1,041,138</b></span></td> <td> </td></tr> </table> 1420078000 321063000 1099015000 115902000 54585000 61317000 76264000 0 76264000 99485000 58667000 40818000 1360231000 316981000 1043250000 113391000 52088000 61303000 5696000 81000 5615000 97170000 60490000 36680000 1370756000 308498000 1062258000 110416000 54884000 55532000 5233000 158000 5075000 161199000 89622000 71577000 1314740000 273602000 1041138000 3366000 16313000 2014 Capesize 181336 2014 Panamax 77095 51000000 5 3 2 56050000 4 40379000 37000000 3 2 56083000 2016 Panamax 84872 2016 Capesize 181259 79000000 2006 Panamax 74475 11842000 2006 Panamax 74381 11811000 2005 Panamax 87052 13446000 8183000 3108000 18163000 9980000 5978000 7345000 4559000 657000 5784000 4705000 818000 10016000 -53000 67000000 2104000 104860000 8869000 2026000 4559000 1780000 5978000 7345000 4559000 1226000 4705000 5258000 67000000 67000000 37860000 20200000 <p id="xdx_804_eus-gaap--IntangibleAssetsDisclosureTextBlock_zHjTa7pacPu" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><b>NOTE 7 </b>– <b>INTANGIBLE ASSETS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><b><span id="xdx_82F_zfs8haSaFKw1">Intangible assets</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt">Intangible assets as of December 31, 2020, December 31, 2019 and December 31, 2018 consisted of the following:</p> <p id="xdx_891_eus-gaap--ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_zyzoDlRMVfv1" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span id="xdx_8B8_zhgXs8jpFzyi" style="display: none">Intangible assets</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Cost</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Accumulated</b><br/> <b>Amortization</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Net Book Value</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 7.2pt"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Favorable lease terms December 31, 2017</b></span></td> <td style="width: 0%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_909_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20171231_z77kpOAeEil7" title="Favorable lease terms - Cost">83,716</span></b></span></td> <td style="width: 1%; text-align: right"> </td> <td style="width: 1%; text-align: right"> </td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_902_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20171231_zSBmviXXwktk" title="Favorable lease terms - Accumulated amortization">(75,636)</span></b></span></td> <td style="width: 1%; text-align: right"> </td> <td style="width: 0%; text-align: right"> </td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_907_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20171231_z4vmMwoP6ADl" title="Favorable lease terms - Net Book Value">8,080</span></b></span></td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Additions</span></td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_eus-gaap--AmortizationOfIntangibleAssets_iN_pn3n3_di_c20180101__20181231_zsBgHNhoIZM8" title="Additions - Accumulated Amortization">(3,748)</span></span></td> <td style="text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_eus-gaap--FiniteLivedIntangibleAssetsPeriodIncreaseDecrease_pn3n3_c20180101__20181231_zP4QpZqb3mpe" title="Additions - Net Book Value">(3,748)</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Favorable lease terms December 31, 2018</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90A_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20181231_zamSrqSJh2Fj" title="Favorable lease terms - Cost">83,716</span></b></span></td> <td style="text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_909_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20181231_zipIxvqotXy1" title="Favorable lease terms - Accumulated amortization">(79,384)</span></b></span></td> <td> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_908_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20181231_zZd5QPgWODM4" title="Favorable lease terms - Net Book Value">4,332</span></b></span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Additions</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--AmortizationOfIntangibleAssets_iN_pn3n3_di_c20190101__20191231_zuZRpljtrLHf" title="Additions - Accumulated Amortization">(1,166)</span></span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--FiniteLivedIntangibleAssetsPeriodIncreaseDecrease_pn3n3_c20190101__20191231_z0WF0gNSGBl5" title="Additions - Net Book Value">(1,166)</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Favorable lease terms December 31, 2019</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90F_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20191231_zFYAzM77ea48" title="Favorable lease terms - Cost">83,716</span></b></span></td> <td style="text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b> $</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90E_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20191231_zDgbv33timb7" title="Favorable lease terms - Accumulated amortization">(80,550)</span></b></span></td> <td> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90A_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20191231_z89gEwvZeNH5" title="Favorable lease terms - Net Book Value">3,166</span></b></span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Additions</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_eus-gaap--AmortizationOfIntangibleAssets_iN_pn3n3_di_c20200101__20201231_zewH2QuDV3Hg" title="Additions - Accumulated Amortization">(1,166)</span></span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--FiniteLivedIntangibleAssetsPeriodIncreaseDecrease_pn3n3_c20200101__20201231_zNNZNImIUw63" title="Additions - Net Book Value">(1,166)</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Favorable lease terms December 31, 2020</b></span></td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_903_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20201231_zk6FN3FreX24" title="Favorable lease terms - Cost">83,716</span></b></span></td> <td style="text-align: right"> </td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b> $</b></span></td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_901_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20201231_z8Nc72GfjRX8" title="Favorable lease terms - Accumulated amortization">(81,716)</span></b></span></td> <td> </td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_909_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20201231_zm83GjnIoi8i" title="Favorable lease terms - Net Book Value">2,000</span></b></span></td> <td> </td></tr> </table> <p id="xdx_8A0_zE1I8CxdOYjk" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Amortization expense of favorable lease terms for each of the years ended December 31, 2020, 2019 and 2018 is presented in the following table:</p> <p id="xdx_899_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock_zVvOrMhrUTo6" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8BF_zoU4V6UdamGe" style="display: none">Amortization of Favorable Lease Terms</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="7" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b> </span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2018</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Favorable lease terms</span></td> <td style="border-bottom: black 1pt solid; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: black 1pt solid; width: 13%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_ecustom--AmortizationFairValueAboveMarketAcquiredTimeCharterCharterOut_pn3n3_c20200101__20201231_zUYMI43toubf" title="Favorable lease terms">(1,166)</span></span></td> <td style="width: 1%"/> <td style="border-bottom: black 1pt solid; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: black 1pt solid; width: 13%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_ecustom--AmortizationFairValueAboveMarketAcquiredTimeCharterCharterOut_pn3n3_c20190101__20191231_zqXZ0O9WMMw8" title="Favorable lease terms">(1,166)</span></span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif"/></td> <td style="border-bottom: black 1pt solid; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: black 1pt solid; width: 13%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_ecustom--AmortizationFairValueAboveMarketAcquiredTimeCharterCharterOut_pn3n3_c20180101__20181231_zRVncd4LDuIc" title="Favorable lease terms">(3,748)</span></span></td> <td style="width: 2%"><span style="font: 10pt Times New Roman, Times, Serif"/></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_909_ecustom--AmortizationOfFairValueOfIntangibleAssets_pn3n3_c20200101__20201231_zBkovMZcf7p8" title="Total">(1,166)</span></b></span></td> <td/> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_904_ecustom--AmortizationOfFairValueOfIntangibleAssets_pn3n3_c20190101__20191231_zSPS1kfFRIJa" title="Total">(1,166)</span></b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b/></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_907_ecustom--AmortizationOfFairValueOfIntangibleAssets_pn3n3_c20180101__20181231_zIRQ06BfYKRf" title="Total">(3,748)</span></b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b/></span></td></tr> </table> <p id="xdx_8AF_z7jg5cGLDaZd" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"/> <p id="xdx_897_eus-gaap--ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_zWFDZuJhYXUf" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The aggregate amortization of the intangibles for the years ended December 31, 2021 and 2022 is estimated to be as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8BA_zlTYZjyQmiP4" style="display: none">Aggregate Amortizations of Intangible Assets</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; width: 11%"><span style="font: 10pt Times New Roman, Times, Serif"><b>Year</b></span></td> <td style="width: 64%; text-align: center"> </td> <td style="width: 2%; text-align: center"> </td> <td id="xdx_49F_20201231_z4Xg46NMu8r" style="border-bottom: black 1pt solid; width: 21%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>Amount</b> </span></td> <td style="width: 2%; text-align: center"> </td></tr> <tr id="xdx_408_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_iI_pn3n3_maFLIANzCuW_maFLIANzkS4_zohdrlFiM7zh" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,166</span></td> <td> </td></tr> <tr id="xdx_407_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_iI_pn3n3_maFLIANzCuW_maFLIANzkS4_zslisq7BImg8" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">834</span></td> <td> </td></tr> <tr id="xdx_408_eus-gaap--FiniteLivedIntangibleAssetsNet_iTI_pn3n3_mtFLIANzCuW_mtFLIANzkS4_zzpqns269Sod" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>2,000</b></span></td> <td> </td></tr> </table> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"> </p> <p id="xdx_8A5_zaFpQv02Gldl" style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">Intangible assets subject to amortization are amortized using <span id="xdx_909_eus-gaap--FiniteLivedIntangibleAssetsAmortizationMethod_c20200101__20201231_zhWOj7BO96N6" title="Amortization method">straight line</span> method over their estimated useful lives to their estimated residual value of <span id="xdx_90A_eus-gaap--AcquiredFiniteLivedIntangibleAssetResidualValue_iI_dc_c20201231_zXdVanjFxPGk" title="Estimated residual value">zero</span>. The weighted average useful lives are <span id="xdx_90F_eus-gaap--AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife_dtY_upure_c20200101__20201231_zLfbyGm042u5" title="Weighted average useful lives">11.8</span> years for the remaining favorable lease terms, at inception.</p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"/></p> <p id="xdx_891_eus-gaap--ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_zyzoDlRMVfv1" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span id="xdx_8B8_zhgXs8jpFzyi" style="display: none">Intangible assets</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Cost</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Accumulated</b><br/> <b>Amortization</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Net Book Value</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 7.2pt"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Favorable lease terms December 31, 2017</b></span></td> <td style="width: 0%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_909_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20171231_z77kpOAeEil7" title="Favorable lease terms - Cost">83,716</span></b></span></td> <td style="width: 1%; text-align: right"> </td> <td style="width: 1%; text-align: right"> </td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_902_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20171231_zSBmviXXwktk" title="Favorable lease terms - Accumulated amortization">(75,636)</span></b></span></td> <td style="width: 1%; text-align: right"> </td> <td style="width: 0%; text-align: right"> </td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_907_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20171231_z4vmMwoP6ADl" title="Favorable lease terms - Net Book Value">8,080</span></b></span></td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Additions</span></td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_eus-gaap--AmortizationOfIntangibleAssets_iN_pn3n3_di_c20180101__20181231_zsBgHNhoIZM8" title="Additions - Accumulated Amortization">(3,748)</span></span></td> <td style="text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_eus-gaap--FiniteLivedIntangibleAssetsPeriodIncreaseDecrease_pn3n3_c20180101__20181231_zP4QpZqb3mpe" title="Additions - Net Book Value">(3,748)</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Favorable lease terms December 31, 2018</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90A_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20181231_zamSrqSJh2Fj" title="Favorable lease terms - Cost">83,716</span></b></span></td> <td style="text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_909_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20181231_zipIxvqotXy1" title="Favorable lease terms - Accumulated amortization">(79,384)</span></b></span></td> <td> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_908_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20181231_zZd5QPgWODM4" title="Favorable lease terms - Net Book Value">4,332</span></b></span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Additions</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--AmortizationOfIntangibleAssets_iN_pn3n3_di_c20190101__20191231_zuZRpljtrLHf" title="Additions - Accumulated Amortization">(1,166)</span></span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--FiniteLivedIntangibleAssetsPeriodIncreaseDecrease_pn3n3_c20190101__20191231_z0WF0gNSGBl5" title="Additions - Net Book Value">(1,166)</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Favorable lease terms December 31, 2019</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90F_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20191231_zFYAzM77ea48" title="Favorable lease terms - Cost">83,716</span></b></span></td> <td style="text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b> $</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90E_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20191231_zDgbv33timb7" title="Favorable lease terms - Accumulated amortization">(80,550)</span></b></span></td> <td> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_90A_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20191231_z89gEwvZeNH5" title="Favorable lease terms - Net Book Value">3,166</span></b></span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Additions</span></td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="text-align: right"> </td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_eus-gaap--AmortizationOfIntangibleAssets_iN_pn3n3_di_c20200101__20201231_zewH2QuDV3Hg" title="Additions - Accumulated Amortization">(1,166)</span></span></td> <td> </td> <td style="text-align: right"> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--FiniteLivedIntangibleAssetsPeriodIncreaseDecrease_pn3n3_c20200101__20201231_zNNZNImIUw63" title="Additions - Net Book Value">(1,166)</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Favorable lease terms December 31, 2020</b></span></td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_903_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_pn3n3_c20201231_zk6FN3FreX24" title="Favorable lease terms - Cost">83,716</span></b></span></td> <td style="text-align: right"> </td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b> $</b></span></td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_901_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iNI_pn3n3_di_c20201231_z8Nc72GfjRX8" title="Favorable lease terms - Accumulated amortization">(81,716)</span></b></span></td> <td> </td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: Black 1.5pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_909_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_pn3n3_c20201231_zm83GjnIoi8i" title="Favorable lease terms - Net Book Value">2,000</span></b></span></td> <td> </td></tr> </table> 83716000 75636000 8080000 3748000 -3748000 83716000 79384000 4332000 1166000 -1166000 83716000 80550000 3166000 1166000 -1166000 83716000 81716000 2000000 <p id="xdx_899_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock_zVvOrMhrUTo6" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8BF_zoU4V6UdamGe" style="display: none">Amortization of Favorable Lease Terms</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="7" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b> </span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2018</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Favorable lease terms</span></td> <td style="border-bottom: black 1pt solid; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: black 1pt solid; width: 13%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_ecustom--AmortizationFairValueAboveMarketAcquiredTimeCharterCharterOut_pn3n3_c20200101__20201231_zUYMI43toubf" title="Favorable lease terms">(1,166)</span></span></td> <td style="width: 1%"/> <td style="border-bottom: black 1pt solid; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: black 1pt solid; width: 13%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_ecustom--AmortizationFairValueAboveMarketAcquiredTimeCharterCharterOut_pn3n3_c20190101__20191231_zqXZ0O9WMMw8" title="Favorable lease terms">(1,166)</span></span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif"/></td> <td style="border-bottom: black 1pt solid; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: black 1pt solid; width: 13%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_ecustom--AmortizationFairValueAboveMarketAcquiredTimeCharterCharterOut_pn3n3_c20180101__20181231_zRVncd4LDuIc" title="Favorable lease terms">(3,748)</span></span></td> <td style="width: 2%"><span style="font: 10pt Times New Roman, Times, Serif"/></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_909_ecustom--AmortizationOfFairValueOfIntangibleAssets_pn3n3_c20200101__20201231_zBkovMZcf7p8" title="Total">(1,166)</span></b></span></td> <td/> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_904_ecustom--AmortizationOfFairValueOfIntangibleAssets_pn3n3_c20190101__20191231_zSPS1kfFRIJa" title="Total">(1,166)</span></b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b/></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_907_ecustom--AmortizationOfFairValueOfIntangibleAssets_pn3n3_c20180101__20181231_zIRQ06BfYKRf" title="Total">(3,748)</span></b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b/></span></td></tr> </table> -1166000 -1166000 -3748000 -1166000 -1166000 -3748000 <p id="xdx_897_eus-gaap--ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_zWFDZuJhYXUf" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The aggregate amortization of the intangibles for the years ended December 31, 2021 and 2022 is estimated to be as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8BA_zlTYZjyQmiP4" style="display: none">Aggregate Amortizations of Intangible Assets</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; width: 11%"><span style="font: 10pt Times New Roman, Times, Serif"><b>Year</b></span></td> <td style="width: 64%; text-align: center"> </td> <td style="width: 2%; text-align: center"> </td> <td id="xdx_49F_20201231_z4Xg46NMu8r" style="border-bottom: black 1pt solid; width: 21%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b>Amount</b> </span></td> <td style="width: 2%; text-align: center"> </td></tr> <tr id="xdx_408_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_iI_pn3n3_maFLIANzCuW_maFLIANzkS4_zohdrlFiM7zh" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,166</span></td> <td> </td></tr> <tr id="xdx_407_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_iI_pn3n3_maFLIANzCuW_maFLIANzkS4_zslisq7BImg8" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">834</span></td> <td> </td></tr> <tr id="xdx_408_eus-gaap--FiniteLivedIntangibleAssetsNet_iTI_pn3n3_mtFLIANzCuW_mtFLIANzkS4_zzpqns269Sod" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>2,000</b></span></td> <td> </td></tr> </table> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"> </p> 1166000 834000 2000000 straight line 0 P11Y9M18D <p id="xdx_800_ecustom--AccountsPayableDisclosureTextBlock_z6TW9zqzLzV2" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 8 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>ACCOUNTS PAYABLE </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_82F_zgsw568zWgG2">Accounts payable</span> as of December 31, 2020 and 2019 consisted of the following:</p> <p id="xdx_896_ecustom--ScheduleAccountsPayableTableTextBlock_zJnn9yQniHA7" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8B5_zFoDNwvOn7b8" style="display: none">Accounts payable</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_49E_20201231_zWOj8sXPiW1a" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_495_20191231_zzafneCxdLZd" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_40F_eus-gaap--AccountsPayableTradeCurrent_iI_pn3n3_maAPCzkqF_zyOBAOTkrppj" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Creditors</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,684</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,578</span></td> <td style="width: 1%"> </td></tr> <tr id="xdx_406_eus-gaap--CommissionsPayableToBrokerDealersAndClearingOrganizations_iI_pn3n3_maAPCzkqF_zTL6P0MHhrN7" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Brokers</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,786</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,328</span></td> <td> </td></tr> <tr id="xdx_40B_ecustom--ProfessionalLegalFeesPayable_iI_pn3n3_maAPCzkqF_zhY3Y51CvsY8" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Professional and legal fees</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">829</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,567</span></td> <td> </td></tr> <tr id="xdx_405_eus-gaap--AccountsPayableCurrent_iTI_pn3n3_mtAPCzkqF_zvYIfYboqXC8" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total accounts payable</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>6,299</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>8,473</b></span></td> <td> </td></tr> </table> <p id="xdx_8A5_zEPj6t6SBZ07" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p id="xdx_896_ecustom--ScheduleAccountsPayableTableTextBlock_zJnn9yQniHA7" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8B5_zFoDNwvOn7b8" style="display: none">Accounts payable</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_49E_20201231_zWOj8sXPiW1a" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_495_20191231_zzafneCxdLZd" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_40F_eus-gaap--AccountsPayableTradeCurrent_iI_pn3n3_maAPCzkqF_zyOBAOTkrppj" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Creditors</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,684</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,578</span></td> <td style="width: 1%"> </td></tr> <tr id="xdx_406_eus-gaap--CommissionsPayableToBrokerDealersAndClearingOrganizations_iI_pn3n3_maAPCzkqF_zTL6P0MHhrN7" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Brokers</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,786</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,328</span></td> <td> </td></tr> <tr id="xdx_40B_ecustom--ProfessionalLegalFeesPayable_iI_pn3n3_maAPCzkqF_zhY3Y51CvsY8" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Professional and legal fees</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">829</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,567</span></td> <td> </td></tr> <tr id="xdx_405_eus-gaap--AccountsPayableCurrent_iTI_pn3n3_mtAPCzkqF_zvYIfYboqXC8" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total accounts payable</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>6,299</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>8,473</b></span></td> <td> </td></tr> </table> 2684000 4578000 2786000 2328000 829000 1567000 6299000 8473000 <p id="xdx_808_ecustom--AccruedLiabilitiesDisclosureTextBlock_zmRFsgYdgjO8" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-indent: 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 9 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>ACCRUED EXPENSES </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span id="xdx_8B0_z7dDFReFpK7a"><span id="xdx_828_z3cQksvThyXi">Accrued expenses</span> </span>as of December 31, 2020 and 2019 consisted of the following:</p> <p id="xdx_897_eus-gaap--ScheduleOfAccruedLiabilitiesTableTextBlock_z0QMP5ubTps4" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span id="xdx_8B2_zknmCXRcha76" style="display: none">Accrued expenses</span><span style="display: none"/></p> <p style="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_493_20201231_zGWysN30OL28" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_496_20191231_zB1GxXbmVPEb" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_40B_ecustom--AccruedVoyageExpenses_iI_pn3n3_maALCzqn6_zvazD8rZ1A65" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued voyage expenses</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,436</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">51</span></td> <td style="width: 1%"> </td></tr> <tr id="xdx_405_ecustom--AccruedLoanInterest_iI_pn3n3_maALCzqn6_zr5rwF7OfTn4" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued loan interest</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,738</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,285</span></td> <td> </td></tr> <tr id="xdx_404_eus-gaap--AccruedProfessionalFeesCurrent_iI_pn3n3_maALCzqn6_zJGA8UmYPTTi" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued legal and professional fees</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,607</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,651</span></td> <td> </td></tr> <tr id="xdx_40A_eus-gaap--AccruedLiabilitiesCurrent_iTI_pn3n3_mtALCzqn6_zhMOuB0ZG4xb" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total accrued expenses</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>4,781</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>5,987</b></span></td> <td> </td></tr> </table> <p id="xdx_8AE_zH7Qf2ymh0xl" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of December 31, 2020 and December 31, 2019 the amount of $<span id="xdx_903_eus-gaap--AccruedBonusesCurrent_iI_pn3n3_c20201231_zxExvx8PN1Pj" title="Accrued bonus included in accrued legal and professional fees">630</span> and $<span id="xdx_906_eus-gaap--AccruedBonusesCurrent_iI_pn3n3_c20191231_zXPT4jLGxIXl">720</span>, 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 $<span id="xdx_908_eus-gaap--ProfessionalFees_pn3n3_c20200101__20201231__us-gaap--IncomeStatementLocationAxis__us-gaap--GeneralAndAdministrativeExpenseMember_zwiFBEDlVsw2" title="Professional fees paid">4,970</span>, $<span id="xdx_901_eus-gaap--ProfessionalFees_pn3n3_c20190101__20191231__us-gaap--IncomeStatementLocationAxis__us-gaap--GeneralAndAdministrativeExpenseMember_zE870WWB6M0c">4,645</span> and $<span id="xdx_90E_eus-gaap--ProfessionalFees_pn3n3_c20180101__20181231__us-gaap--IncomeStatementLocationAxis__us-gaap--GeneralAndAdministrativeExpenseMember_zvCD5Zl8nBD1">3,985</span> was recorded in general and administrative expenses in the statements of operations for the years ended December 31, 2020, 2019 and 2018, respectively, comprised of compensation authorized to the directors and officers of the Company.</p> <p id="xdx_897_eus-gaap--ScheduleOfAccruedLiabilitiesTableTextBlock_z0QMP5ubTps4" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span id="xdx_8B2_zknmCXRcha76" style="display: none">Accrued expenses</span><span style="display: none"/></p> <p style="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_493_20201231_zGWysN30OL28" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_496_20191231_zB1GxXbmVPEb" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_40B_ecustom--AccruedVoyageExpenses_iI_pn3n3_maALCzqn6_zvazD8rZ1A65" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued voyage expenses</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,436</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">51</span></td> <td style="width: 1%"> </td></tr> <tr id="xdx_405_ecustom--AccruedLoanInterest_iI_pn3n3_maALCzqn6_zr5rwF7OfTn4" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued loan interest</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,738</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,285</span></td> <td> </td></tr> <tr id="xdx_404_eus-gaap--AccruedProfessionalFeesCurrent_iI_pn3n3_maALCzqn6_zJGA8UmYPTTi" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Accrued legal and professional fees</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,607</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,651</span></td> <td> </td></tr> <tr id="xdx_40A_eus-gaap--AccruedLiabilitiesCurrent_iTI_pn3n3_mtALCzqn6_zhMOuB0ZG4xb" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total accrued expenses</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>4,781</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>5,987</b></span></td> <td> </td></tr> </table> 1436000 51000 1738000 3285000 1607000 2651000 4781000 5987000 630000 720000 4970000 4645000 3985000 <p id="xdx_809_eus-gaap--DebtDisclosureTextBlock_zwCxwpPrUxO4" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 10 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>BORROWINGS</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_82E_zkzOet2s1BOe">Borrowings</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt">Borrowings as of December 31, 2020 and December 31, 2019 consisted of the following:</p> <p id="xdx_892_eus-gaap--ScheduleOfDebtTableTextBlock_zLnRlZxHNHB3" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span id="xdx_8BD_zrcNmRrkw3b3" style="display: none">Borrowings</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="text-align: center"> </td> <td id="xdx_49A_20201231_z84RSzPdOyK9" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b> </span></td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_494_20191231_z67saBJP9OPb" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_40D_eus-gaap--LineOfCredit_iI_pn3n3_maLTDACzosY_zF7KlbLHz6r9" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Credit facilities</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$ </span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">427,287</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">404,280</span></td> <td style="width: 1%"> </td></tr> <tr id="xdx_408_eus-gaap--FinanceLeaseLiability_iI_pn3n3_maLTDACzosY_z4aTsaLgiOY2" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Financial liabilities</span></td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">63,882</span></td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">90,086</span></td> <td> </td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities_iTI_pn3n3_mtLTDACzosY_zjQuBYHoyMN5" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total borrowings</b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>491,169</b></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>494,366</b></span></td> <td> </td></tr> <tr id="xdx_405_eus-gaap--LongTermDebtAndCapitalLeaseObligationsCurrent_iNI_pn3n3_di_zRyIT6pvGy0a" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Less: Current portion of long-term borrowings, net</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(201,835)</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(59,780)</span></td> <td> </td></tr> <tr id="xdx_401_eus-gaap--DeferredFinanceCostsNet_iNI_pn3n3_di_zEGiXgSGGTO3" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Less: Deferred finance costs, net</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(4,312)</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(5,338)</span></td> <td> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtAndCapitalLeaseObligations_iI_z9ioaGSidg1g" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Long-term borrowings, net</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>285,022</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>429,248</b></span></td> <td> </td></tr> </table> <p id="xdx_8A2_zVJMJdN83x8c" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify">As of December 31, 2020, the total borrowings, net of deferred finance costs under the Navios Partners' credit facilities were $<span id="xdx_90A_eus-gaap--LongTermDebt_iI_pn3n3_c20201231_zFuA8mldgdSf">486,857</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify"><b>Term Loan B Facility:</b> In June 2013, Navios Partners completed the issuance of the $<span id="xdx_901_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--TermLoanBFacilityMember_zbGKgCjuSJ08" title="Debt face amount">250,000</span> Term Loan B Facility. On October 31, 2013 and November 1, 2013, Navios Partners completed the issuance of an $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--TermLoanBFacilityAdditionMember_zZpMYedy8II8" title="Debt face amount">189,500</span> add-on to its existing Term Loan B Facility.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify">On <span id="xdx_907_eus-gaap--DebtInstrumentIssuanceDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--NewTermLoanBFacilityMember_zleeP71OHhp3">March 14, 2017</span>, Navios Partners completed the issuance of a new $<span id="xdx_904_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--NewTermLoanBFacilityMember_zTrMIXKhFwV7">405,000 </span>Term Loan B Facility. The new Term Loan B Facility bore an interest rate of <span id="xdx_90C_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--NewTermLoanBFacilityMember_zfyWJx4vhEvj">LIBOR plus </span><span id="xdx_90F_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--NewTermLoanBFacilityMember_zxu9Pfjvok4b">500 </span>bps, it was set to mature on <span id="xdx_903_eus-gaap--DebtInstrumentMaturityDate_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--NewTermLoanBFacilityMember_zpxYhcV1qH96">September 14, 2020</span> and was repayable in equal <span id="xdx_90C_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--NewTermLoanBFacilityMember_zEs2xKAeOvMa">quarterly </span>installments of <span id="xdx_900_ecustom--LineOfCreditFacilityPeriodicPaymentPercentage_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--NewTermLoanBFacilityMember_z8cZT5Rx27ok">1.25% </span>of the initial principal amount. Navios Partners used the net proceeds of the Term Loan B Facility to: (i) refinance the existing Term Loan B Facility; and (ii) pay fees and expenses related to the Term Loan B. On <span id="xdx_906_eus-gaap--DebtInstrumentIssuanceDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--NewTermLoanBFacilityAdditionMember_zsQ67kpBzTH1">August 10, 2017</span>, Navios Partners completed the issuance of a $<span id="xdx_900_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--NewTermLoanBFacilityAdditionMember_zU9jHidBdbBk">53,000 </span>add-on to its existing Term Loan B Facility. <span id="xdx_90A_eus-gaap--LongTermDebtDescription_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--NewTermLoanBFacilityMember_zrna0vLNGbNh">The add-on to the Term Loan B Facility bore the same terms as the Term Loan B Facility. Navios Partners used the net proceeds to partially finance the acquisition of three vessels.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify">During the year ended December 31, 2018, <span id="xdx_905_ecustom--NumberOfVesselsReleasedAsCollateral_iI_dc_uPure_c20181231__us-gaap--LongtermDebtTypeAxis__custom--TermLoanBFacilityMember_zn36HkpcqIB7">four </span>drybulk vessels were released from security of the Term Loan B Facility and in exchange, five drybulk vessels and $<span id="xdx_90F_eus-gaap--CashCollateralForBorrowedSecurities_iI_pn3n3_c20181231__us-gaap--LongtermDebtTypeAxis__custom--TermLoanBFacilityMember_zwZtH9eURGFl">2,000 </span>in cash substituted the released vessels, as collateral to the Term Loan B Facility. In April and May 2019, Navios Partners prepaid $<span id="xdx_901_eus-gaap--RepaymentsOfDebt_pn3n3_c20190101__20190531__us-gaap--LongtermDebtTypeAxis__custom--TermLoanBFacilityMember_zOhrqiiDjpw4">73,478 </span>and released <span id="xdx_90C_ecustom--NumberOfVesselsReleasedAsCollateral_iI_dc_uPure_c20190531__us-gaap--LongtermDebtTypeAxis__custom--TermLoanBFacilityMember_zYFLiT9J4sJj">five </span>vessels from the collateral package of the Term Loan B Facility. In August 2019, Navios Partners prepaid $<span id="xdx_903_eus-gaap--RepaymentsOfDebt_pn3n3_c20190101__20190831__us-gaap--LongtermDebtTypeAxis__custom--TermLoanBFacilityMember_zScuKmABgyCg">85,500 </span>and released <span id="xdx_901_ecustom--NumberOfVesselsReleasedAsCollateral_iI_dc_uPure_c20190831__us-gaap--LongtermDebtTypeAxis__custom--TermLoanBFacilityMember_z8jI6qne3sX3">five </span>vessels from the collateral package of the Term Loan B Facility. On October 10, 2019, Navios Partners fully prepaid the Term Loan B Credit Facility's outstanding balance of $<span id="xdx_904_eus-gaap--RepaymentsOfDebt_dm_c20190101__20191010__us-gaap--LongtermDebtTypeAxis__custom--TermLoanBFacilityMember_zfwQsxk1jQsd">253.8 million</span> initially repayable on September 14, 2020. Following these prepayments, an amount of $<span id="xdx_904_eus-gaap--WriteOffOfDeferredDebtIssuanceCost_pn3n3_c20190101__20191010__us-gaap--LongtermDebtTypeAxis__custom--TermLoanBFacilityMember_zl8GAeFs70D">1,973 </span>and $<span id="xdx_904_ecustom--WriteOffOfDeferredDebtUnamortizedDiscount_pn3n3_c20190101__20191010__us-gaap--LongtermDebtTypeAxis__custom--TermLoanBFacilityMember_zQ1n1Bv4gw4f">4,101 </span>was written off from the deferred fees and discount presented under the caption “Interest expense and finance costs” in the Consolidated Statement of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify"><b>BNP Credit Facility:</b> On <span id="xdx_900_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember_zNPhDpZXS4C2" title="Credit Facility, Initiation Date">June 26, 2017</span>, Navios Partners entered into a new credit facility with BNP PARIBAS (the “BNP Credit Facility”) of up to $<span id="xdx_90E_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember_zxYFpQsDuJya" title="Credit facility, maximum borrowing capacity">32,000</span> (divided into <span id="xdx_904_ecustom--NumberOfLoanTranches_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember_zq5rPSKJPGb" title="Number of loan tranches">two</span> tranches) in order to partially finance the acquisition of the Navios Ace and the Navios Sol. On June 28, 2017, the first tranche of BNP Credit Facility of $<span id="xdx_906_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20170101__20170628__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheAMember_z7BtuEVNh8uj">17,000</span> was drawn. On July 18, 2017, the second tranche of BNP Credit Facility of $<span id="xdx_905_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20170101__20170718__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheBMember_zIcqk0zpcme4" title="Amount drawn down">15,000</span> was drawn. On December 13, 2018, Navios Partners repaid the outstanding balance of the first tranche in the amount of $<span id="xdx_901_eus-gaap--RepaymentsOfDebt_pn3n3_c20180101__20181213__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheAMember_z6fiU8klDz75" title="Repayment of debt">15,070</span>. Following this repayment, an amount of $<span id="xdx_905_eus-gaap--WriteOffOfDeferredDebtIssuanceCost_pn3n3_c20180101__20181213__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheAMember_zqJsDN13ls3e" title="Write-off of deferred financing fees">117</span> was written-off from the deferred finance fees. On April 9, 2019, Navios Partners amended the existing BNP Credit Facility, in order to refinance two vessels and replace the existing collateral under the BNP Credit Facility. As of December 31, 2020, the outstanding balance of the BNP Credit Facility was $<span id="xdx_909_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember_zOFcdPP0gTE6" title="Outstanding balance">8,515</span> and is repayable in <span id="xdx_90A_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember_zGJEc7sx1gW6" title="Repayment installments">three</span> equal consecutive <span id="xdx_905_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember_zQB0bprML7ei" title="Repayment frequency">quarterly</span> installments of $<span id="xdx_904_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember_ztoGLAy74DS9" title="Repayment amount">569</span> each, with a final balloon payment of $<span id="xdx_904_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember_z3bmNv1Yx5qe" title="Balloon payment on the last repayment date">6,808</span> to be repaid on the last repayment date. The facility matures in the third quarter of 2021 and bears interest at <span id="xdx_904_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember_zm8A2WPQMPV5" title="Interest rate description">LIBOR plus <span id="xdx_908_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--June2017CreditFacilityMember_zIAe5VgXBMJh" title="Interest rate percentage">300</span> bps</span> per annum.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify"><b>DVB Credit Facilities:</b> On <span id="xdx_909_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB39MCreditFacilityMember_zVKIGBLpElL7">June 28, 2017</span>, Navios Partners entered into a new credit facility with DVB Bank S.E. (the "DVB $39m Credit Facility") of up to $<span id="xdx_900_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB39MCreditFacilityMember_zJ4wnvJdK3gh">39,000</span> (divided into <span id="xdx_906_ecustom--NumberOfLoanTranches_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB39MCreditFacilityMember_zMFsaymKfTP5">four</span> tranches) in order to refinance the Commerzbank/DVB Credit Facility dated July 2012 and an additional amount of $<span id="xdx_909_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB39MCreditFacilityMember__srt--StatementScenarioAxis__custom--AdditionalAmountMember_zYBNHxKSMuBd">7,000</span> to partially finance the acquisition of the Navios Prosperity I. The amounts of $<span id="xdx_905_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20170101__20170630__us-gaap--LongtermDebtTypeAxis__custom--DVB39MCreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheAMember_zC085z8Tj1Dl">7,000</span> and $<span id="xdx_90B_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20170101__20171103__us-gaap--LongtermDebtTypeAxis__custom--DVB39MCreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheBMember_zlpohebtSf88">32,000</span> were drawn on June 30, 2017 and November 3, 2017, respectively. On July 2, 2018, Navios Partners repaid the outstanding balance of the three tranches in the amount of $<span id="xdx_906_eus-gaap--RepaymentsOfDebt_pn3n3_c20180101__20180702__us-gaap--LongtermDebtTypeAxis__custom--DVB39MCreditFacilityMember_zH2D8paU2D4k">20,200</span>. Following this repayment, an amount of $<span id="xdx_901_eus-gaap--WriteOffOfDeferredDebtIssuanceCost_pn3n3_c20180101__20180702__us-gaap--LongtermDebtTypeAxis__custom--DVB39MCreditFacilityMember_z9l9BPI7bawk">209</span> was written-off from the deferred finance fees. On April 15, 2019, Navios Partners fully repaid the outstanding balance of $<span id="xdx_905_eus-gaap--RepaymentsOfDebt_pn3n3_c20190101__20190415__us-gaap--LongtermDebtTypeAxis__custom--DVB39MCreditFacilityMember_zxaf4F0Lc8nf">12,250</span>. Following this repayment, an amount of $<span id="xdx_903_eus-gaap--WriteOffOfDeferredDebtIssuanceCost_pn3n3_c20190101__20190415__us-gaap--LongtermDebtTypeAxis__custom--DVB39MCreditFacilityMember_z65aGHssAyGa">94</span> was written-off from the deferred finance fees.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify">On <span id="xdx_908_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB44MCreditFacilityMember_zLC1s1j76BQ">July 31, 2018</span>, Navios Partners entered into a new credit facility with DVB Bank S.E. (the “DVB $44m Credit Facility”) of up to $<span id="xdx_900_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB44MCreditFacilityMember_zFGqUwr1Q4Kg">44,000</span> (divided into <span id="xdx_90F_ecustom--NumberOfLoanTranches_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB44MCreditFacilityMember_zwKfcRrjxP96">two</span> tranches) in order to finance the acquisition of the Navios Sphera and the Navios Mars. The amounts of $<span id="xdx_907_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20180101__20180830__us-gaap--LongtermDebtTypeAxis__custom--DVB44MCreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheAMember_zw4VShi8TeJ8">17,500</span> and $<span id="xdx_90F_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20180101__20180830__us-gaap--LongtermDebtTypeAxis__custom--DVB44MCreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheBMember_zqkhXxlHLSuh">26,500</span> were drawn on August 30, 2018. As of December 31, 2020, the total outstanding balance of the DVB $44m Credit Facility was $<span id="xdx_90D_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB44MCreditFacilityMember_zF5tVFHamtse">36,823</span> and is repayable in <span id="xdx_909_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB44MCreditFacilityMember_zzDDa1W5eENj">11</span> equal consecutive <span id="xdx_90F_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB44MCreditFacilityMember_z2CmiZLkKPg3">quarterly</span> installments of $<span id="xdx_906_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB44MCreditFacilityMember_zNI7fJ5y15xg">798</span> each, with a final balloon payment of $<span id="xdx_902_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB44MCreditFacilityMember_zGruU5Vditvd">28,050</span> to be repaid on the last repayment date. The facility matures in the third quarter of 2023 and bears interest at <span id="xdx_909_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB44MCreditFacilityMember_zk0Wy2Z0I7ra">LIBOR plus <span id="xdx_90C_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB44MCreditFacilityMember_zMlvOgsEtYbl">290</span> bps</span> per annum.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify">On <span id="xdx_901_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember_ztsDxxE5kjzf">February 12, 2019</span>, Navios Partners entered into a new credit facility with DVB Bank S.E. (the “DVB $66m Credit Facility”) of up to $<span id="xdx_907_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember_zaeaHtXR7I8">66,000</span> (divided into <span id="xdx_90D_ecustom--NumberOfLoanTranches_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember_zbsgeHdduPS6">four</span> tranches) in order to refinance the DVB Credit Facility dated June 28, 2017 and <span id="xdx_90C_ecustom--NumberOfVesselsRefinanced_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember_zzZFOPXQxHF3" title="Number of vessels refinanced">three</span> Capesize vessels previously included in the Term Loan B collateral package. On April 15, 2019, Navios Partners drew the two tranches of $<span id="xdx_909_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190415__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheAMember_zF6oeQVVlYO3" title="Amount drawn down"><span id="xdx_90D_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190415__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheBMember_z1HXXyEH6kO4" title="Amount drawn down">15,675</span></span> each. On October 10, 2019, Navios Partners drew the two additional tranches of $<span id="xdx_90C_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20191010__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheCMember_zUFInAQgV6Kl" title="Amount drawn down"><span id="xdx_90E_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20191010__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheDMember_zwxhFKv59QUa" title="Amount drawn down">14,820</span></span> each. As of December 31, 2020, the total outstanding balance of the four tranches of the DVB $66m Credit Facility was $<span id="xdx_90E_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember_z0EP14h6OwI4">49,797</span> and is repayable in <span id="xdx_903_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember__srt--StatementScenarioAxis__custom--FirstTwoInstallmentsMember_zCzMfaXhIHK6">two</span> <span id="xdx_90D_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember__srt--StatementScenarioAxis__custom--FirstTwoInstallmentsMember_zIPY0RaH5UUg">quarterly</span> installments of $<span id="xdx_909_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember__srt--StatementScenarioAxis__custom--FirstTwoInstallmentsMember_zjHwhok7N7z7">2,243</span> each and <span id="xdx_904_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember__srt--StatementScenarioAxis__custom--NextTwelveInstallmentsMember_zuQSKhTgZ5q9">12</span> <span id="xdx_90E_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember__srt--StatementScenarioAxis__custom--NextTwelveInstallmentsMember_zHZqlmPEoon8">quarterly</span> installments of $<span id="xdx_908_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember__srt--StatementScenarioAxis__custom--NextTwelveInstallmentsMember_zSfltnDTLFG4">1,859</span> each, with a final balloon payment of $<span id="xdx_902_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember_zvMyIFlNutdd">23,001</span>, to be repaid on the last repayment date. The facility matures in the first quarter of 2024 and bears interest at <span id="xdx_90A_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember_zNJ3SkmUkyf">LIBOR plus <span id="xdx_909_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DVB66MCreditFacilityMember_zKnCKcrxgyUh">260</span> bps</span> per annum.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify"><b>Nordea/Skandinaviska Enskilda/NIBC Credit Facility: </b>On <span id="xdx_900_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember_zfVuGirlULl5">March 26, 2018</span>, Navios Partners entered into a new credit facility with Nordea Bank AB, Skandinaviska Enskilda BanKen AB and NIBC Bank N.V. (the “Nordea Credit Facility”) of up to $<span id="xdx_900_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember_zqxFNVaVGOnh">14,300</span> (divided into <span id="xdx_905_ecustom--NumberOfLoanTranches_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember_zRZJv61Ztsel">two</span> tranches) in order to partially finance the acquisition of the Navios Symmetry and the Navios Altair I. On May 18, 2018, the first tranche of the Nordea Credit Facility of $<span id="xdx_907_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20180101__20180518__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheAMember_zmqu2ssoxOkb">7,150</span> was drawn. On June 1, 2018 the second tranche of the March 2018 Credit Facility of $<span id="xdx_902_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20180101__20180601__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheBMember_zRbQ3Kgq80U">7,150</span> was drawn. On December 13, 2018, Navios Partners repaid the outstanding balance of the second tranche in the amount of $<span id="xdx_90D_eus-gaap--RepaymentsOfDebt_pn3n3_c20180101__20181213__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheBMember_zsPxDHpQEJ3d">6,554</span>. Following this repayment, an amount of $<span id="xdx_907_eus-gaap--WriteOffOfDeferredDebtIssuanceCost_pn3n3_c20180101__20181213__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheBMember_zG4sWdORb9N">95</span> was written-off from the deferred finance fees. As of December 31, 2020, the outstanding balance of the Nordea Credit Facility was $<span id="xdx_907_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember_zB2h6zy0e076">4,170</span> and is repayable in <span id="xdx_90C_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember_zQWtVQAulZFl">ten</span> equal consecutive <span id="xdx_90A_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember_zN7sIGDtJPSg">quarterly</span> installments of $<span id="xdx_900_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember_z8Zv1IzMyTP6">298</span> each, with a final balloon payment of $<span id="xdx_90D_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember_zp3DB18mCWr1">1,190</span> to be repaid on the last repayment date. The facility matures in the second quarter of 2023 and bears interest at <span id="xdx_90E_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember_zbPEesqyylig">LIBOR plus <span id="xdx_90C_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--March2018CreditFacilityMember_ztSapUAd9NFk">300</span> bps</span> per annum.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify"><b>NIBC Credit Facility: </b>On <span id="xdx_90E_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_zYl2A9NFWtB7">December 28, 2018</span>, Navios Partners entered into a new credit facility with NIBC Bank N.V. (the “NIBC Credit Facility”) of up to $<span id="xdx_903_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_zATWM2yst9Rg">28,500</span> (divided into <span id="xdx_903_ecustom--NumberOfLoanTranches_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_zVqVamShJmn5">three</span> tranches) in order to refinance <span id="xdx_902_ecustom--NumberOfVesselsRefinanced_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_zXrZ0kCvEHx6">three</span> Ultra-Handymax vessels, previously included in the Term Loan B collateral package. On May 8, 2019, the first tranche of the NIBC Credit Facility of $<span id="xdx_903_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190508__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheAMember_zho7quBKrxEa">11,915</span> was drawn. On October 10, 2019, the two remaining tranches of the NIBC Credit Facility of $<span id="xdx_909_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20191010__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember__srt--StatementScenarioAxis__custom--TwoRemainingTranchesMember_zn7qzqKaA9Zd">13,475</span> in total were drawn. As of December 31, 2020, the outstanding balance of the NIBC Credit Facility was $<span id="xdx_903_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_zQ5XUxorLJyf">21,878</span> and is repayable in <span id="xdx_90D_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_zXjY0eO1DqAl">12</span> consecutive <span id="xdx_905_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_zVo3obKECbr9">quarterly</span> installments of $<span id="xdx_90F_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_zbNnvkDk85yi">751</span> each, with a final balloon payment of $<span id="xdx_90C_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_zm2geWwB8QK9">12,862</span> to be repaid on the last repayment date. The facility matures in the fourth quarter of 2023 and bears interest at <span id="xdx_90E_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_zf0LYrnyNWb5">LIBOR plus <span id="xdx_905_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_zxAfvp5Lf92e">275</span> bps</span> per annum. As of December 31, 2020, <span id="xdx_905_ecustom--NumberOfVesselsReleasedAsCollateral_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_zjzvfBqQrKSf" title="Number of vessels released as collateral">one</span> Ultra-Handymax vessel was released from security of the NIBC Credit Facility and in exchange, $<span id="xdx_903_eus-gaap--CashCollateralForBorrowedSecurities_iI_pn3n3_dc_c20201231__us-gaap--LongtermDebtTypeAxis__custom--December2018CreditFacilityMember_zQawBX0go7Sb" title="Cash collateral for borrowed securities">5,273</span> in cash substituted the released vessel, as collateral to the NIBC Credit Facility.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.1pt; text-align: justify"><b>DNB Credit Facility:</b> On <span id="xdx_90B_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DNBCreditFacilityMember_zPgaG87bmm0c">April 5, 2019</span>, Navios Partners entered into a new credit facility with DNB Bank ASA (the “DNB Credit Facility”) of up to $<span id="xdx_903_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DNBCreditFacilityMember_zWje5rzHTEZj">40,000</span> (divided into <span id="xdx_905_ecustom--NumberOfLoanTranches_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DNBCreditFacilityMember_zTv0MRJk1syf">two</span> tranches) in order to refinance <span id="xdx_90F_ecustom--NumberOfVesselsRefinanced_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DNBCreditFacilityMember_zDtGCdqqqMm2">two</span> Capesize vessels, previously included in the Term Loan B collateral package. On October 10, 2019, the two tranches of the DNB Credit Facility of $<span id="xdx_90C_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20191010__us-gaap--LongtermDebtTypeAxis__custom--DNBCreditFacilityMember_zvaJUQ62Urbl">34,350</span> were drawn. As of December 31, 2020, the outstanding balance of the DNB Credit Facility was $<span id="xdx_901_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DNBCreditFacilityMember_zJ8PMemCWpfc">30,530</span> and is repayable in <span id="xdx_905_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DNBCreditFacilityMember_zBlqz3ABos96">14</span> consecutive <span id="xdx_904_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DNBCreditFacilityMember_zvdLEKplQ9Ih">quarterly</span> installments of $<span id="xdx_900_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DNBCreditFacilityMember_zGIUBKCukz32">955</span> each, with a final balloon payment of $<span id="xdx_908_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DNBCreditFacilityMember_znyCU3Cx9uL3">17,160</span> to be repaid on the last repayment date. The facility matures in the second quarter of 2024 and bears interest at <span id="xdx_900_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DNBCreditFacilityMember_zJZGFtmZLlsd">LIBOR plus <span id="xdx_908_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DNBCreditFacilityMember_z6894yii1Ua7">275</span> bps</span> per annum.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify"><b>CACIB Credit Facilities:</b> On <span id="xdx_90F_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zxRMXCukyKQ8">July 4, 2019</span>, Navios Partners entered into a new credit facility with Credit Agricole Corporate and Investment Bank (“CACIB”), (the “CACIB $52.8m Credit Facility”) of up to $<span id="xdx_900_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zcWkzcrtwen5">52,800</span> (divided into <span id="xdx_90B_ecustom--NumberOfLoanTranches_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zPET8qPF424k">four</span> tranches) in order to refinance <span id="xdx_908_ecustom--NumberOfVesselsRefinanced_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CapesizeVesselsMember_zlQt1AWYODt">three</span> Capesize vessels and <span id="xdx_90A_ecustom--NumberOfVesselsRefinanced_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsIIMember_znib1xhjtcol">one</span> Panamax vessel, previously included in the Term Loan B collateral package. In August 2019, the three tranches of the CACIB Credit Facility of $<span id="xdx_908_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190831__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheAMember_zCcl9CUJavH1" title="Amount drawn down"><span id="xdx_907_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190831__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheBMember_z7kl5YIWVeLf" title="Amount drawn down"><span id="xdx_90A_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190831__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheCMember_ztHtJJVe0Hwb" title="Amount drawn down">36,516</span></span></span>, in total were drawn. In October 2019, the fourth tranche of the CACIB Credit Facility of $<span id="xdx_902_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20191031__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember__srt--StatementScenarioAxis__custom--TrancheDMember_zHYQz1bvYxrj">16,284</span> was drawn. As of December 31, 2020, the total outstanding balance of the CACIB $52.8m Credit Facility was $<span id="xdx_906_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zg9mVS5hPdq1">43,350</span> and is repayable in <span id="xdx_90C_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zSv7LpqfSftd">nine</span> consecutive <span id="xdx_904_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zh0W3W6DX1ej">six-month</span> installments of $<span id="xdx_909_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zZ81kIOi8uTk">3,150</span>, with a final balloon payment of $<span id="xdx_90D_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zF0D9fd6cmDk">15,000</span> to be repaid on the last repayment date. The facility matures in the second quarter of 2025 and bears interest at <span id="xdx_905_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zVjYa3fDATz7">LIBOR plus <span id="xdx_904_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zDLa0JXNwit9">275</span> bps</span> per annum.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.1pt; text-align: justify">On <span id="xdx_900_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CACIB33MCreditFacilityMember_zS7KEMdbByni">September 28, 2020</span>, the Company entered into a new credit facility with Credit Agricole Corporate and Investment Bank (“CACIB”), (the “CACIB $33.0m Credit Facility”) of up to $<span id="xdx_900_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CACIB33MCreditFacilityMember_zDzkwcQr3s88">33,000</span> in order to finance the acquisition of the <span id="xdx_906_ecustom--NumberOfVesselsRefinanced_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CACIB33MCreditFacilityMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DrybulkVesselsMember_zGBMIyEYLErj">two</span> drybulk vessels acquired from Navios Maritime Holdings. As of December 31, 2020, the total outstanding balance of the CACIB $33.0m Credit Facility was $<span id="xdx_902_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CACIB33MCreditFacilityMember_zCj3LWa68CN4">32,150</span> and is repayable in <span id="xdx_906_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CACIB33MCreditFacilityMember_zW9NllNbGrt8">19</span> consecutive <span id="xdx_90F_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CACIB33MCreditFacilityMember_zWGiCGlQAfsk">quarterly</span> installments of $<span id="xdx_90A_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CACIB33MCreditFacilityMember_zEGdhKSLiCt9">850</span> with a final balloon payment of $<span id="xdx_90E_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CACIB33MCreditFacilityMember_zhQwkvTMrkga">16,000</span> to be repaid on the last repayment date. The facility matures in the third quarter of 2025 and bears interest at <span id="xdx_90C_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CACIB33MCreditFacilityMember_zdtai8S0Zzzd">LIBOR plus <span id="xdx_902_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CACIB33MCreditFacilityMember_z401ceMuXTN6">325</span> bps</span> per annum up to maturity date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify"><b>HCOB Credit Facility: </b>On <span id="xdx_907_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HamburgCommercialBankAGCreditFacilityMember_zhTwZvlFjcr3">September 26, 2019</span>, Navios Partners entered into a new credit facility with Hamburg Commercial Bank AG (the “HCOB Credit Facility”) of up to $<span id="xdx_903_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--HamburgCommercialBankAGCreditFacilityMember_zWQSbtiAbFDj">140,000</span> in order to refinance <span id="xdx_90D_ecustom--NumberOfVesselsRefinanced_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--HamburgCommercialBankAGCreditFacilityMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DrybulkVesselsMember_z6naGd2jDWLk">eight</span> drybulk vessels and <span id="xdx_90E_ecustom--NumberOfVesselsRefinanced_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--HamburgCommercialBankAGCreditFacilityMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainershipsMember_zk2DRjYGlCde">five</span> Containerships, previously included in the Term Loan B collateral package. On October 10, 2019, the amount of $<span id="xdx_900_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20191010__us-gaap--LongtermDebtTypeAxis__custom--HamburgCommercialBankAGCreditFacilityMember_zOX7YUsMzto6">140,000</span> of HCOB Credit Facility was drawn. As of December 31, 2020, the outstanding balance of the HCOB Credit Facility was $<span id="xdx_906_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--HamburgCommercialBankAGCreditFacilityMember_zn4Uin5ru5ug">118,500</span> and is repayable in <span id="xdx_902_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HamburgCommercialBankAGCreditFacilityMember_zHxLPULtOvSb">four</span> consecutive <span id="xdx_901_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HamburgCommercialBankAGCreditFacilityMember_zCX83NJDX1ri">quarterly</span> installments of $<span id="xdx_90C_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HamburgCommercialBankAGCreditFacilityMember_zcXGkNaZvs56">5,375</span> each, with a final balloon payment of $<span id="xdx_907_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--HamburgCommercialBankAGCreditFacilityMember_zz70XZrOUGPh">97,000</span> to be repaid on the last repayment date. The facility matures in the third quarter of 2021 and bears interest at <span id="xdx_902_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HamburgCommercialBankAGCreditFacilityMember_zdbssHobuYqj">LIBOR plus <span id="xdx_902_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HamburgCommercialBankAGCreditFacilityMember_z392XYBZtmsg">320</span> bps</span> per annum. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.1pt; text-align: justify"><b>ABN Credit Facilities:</b> On <span id="xdx_90D_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABNAMROBankN.V.Member_zBdWWMOopaa9">December 12, 2019</span>, the Company entered into a new credit facility with ABN Amro Bank N.V. (the “ABN $23.5m Credit Facility”) of up to $<span id="xdx_90E_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--ABNAMROBankN.V.Member_zMPcFgfWWHEh">23,500</span> in order to finance the acquisition of the <span id="xdx_903_ecustom--NumberOfVesselsRefinanced_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--ABNAMROBankN.V.Member__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainershipsMember_zS636kZt67h">five</span> container vessels from Navios Europe I which had subsequently been refinanced from Hellenic Bank Public Company Limited in June 2020. On September 30, 2020, the Company entered into a second supplemental agreement with ABN Amro Bank N.V., to extend the terms of the then outstanding balance. As of December 31, 2020, the outstanding balance of the ABN $23.5m Credit Facility was $<span id="xdx_902_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--ABNAMROBankN.V.Member_zaVhyJwGlFf3">3,369</span> and is repayable in <span id="xdx_900_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABNAMROBankN.V.Member_zMIdbw444uek">two</span> consecutive <span id="xdx_909_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABNAMROBankN.V.Member_zyO2r3PO5s4d">quarterly</span> installments of $<span id="xdx_904_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABNAMROBankN.V.Member_z3yWeIht5m06">173</span> with a final balloon payment of $<span id="xdx_906_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--ABNAMROBankN.V.Member_zsXJiDPLH0qk">3,024</span> to be repaid on the last repayment date. The facility matures in the second quarter of 2021 and bears interest at <span id="xdx_907_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABNAMROBankN.V.Member__srt--StatementScenarioAxis__custom--UpToFebruary282021Member_zaBqr1dcPvug"><span id="xdx_90A_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABNAMROBankN.V.Member__srt--StatementScenarioAxis__custom--UpToMaturityDateMember_zBwbUkV6fMAb">LIBOR</span></span> plus <span id="xdx_90C_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__srt--StatementScenarioAxis__custom--UpToFebruary282021Member__us-gaap--LongtermDebtTypeAxis__custom--ABNAMROBankN.V.Member_z2OV2PsbbbHe">400</span> bps per annum up to February 28, 2021 and <span id="xdx_904_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABNAMROBankN.V.Member__srt--StatementScenarioAxis__custom--UpToMaturityDateMember_z7LgsxHp84wa">600</span> bps per annum up to maturity date (see Note 23 — Subsequent Events).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.1pt; text-align: justify">On <span id="xdx_903_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABN32.2MCreditFacilityMember_zTLPxkGL1A7g">June 26, 2020</span>, the Company entered into a new credit facility with ABN Amro Bank N.V. (the “ABN $32.2m Credit Facility”) of up to $<span id="xdx_908_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--ABN32.2MCreditFacilityMember_zTUR0eGcsZ">32,200</span> in order to finance the acquisition of the <span id="xdx_909_ecustom--NumberOfVesselsRefinanced_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--ABN32.2MCreditFacilityMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DrybulkVesselsMember_zj5mtbWjn1zi">five</span> drybulk vessels acquired from Navios Europe II. As of December 31, 2020, the total outstanding balance of the ABN $32.2m Credit Facility was $<span id="xdx_901_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--ABN32.2MCreditFacilityMember_z1Ls9e9EpZ9">27,095</span> and is repayable in <span id="xdx_905_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABN32.2MCreditFacilityMember_znh10FV0viZ">two</span> consecutive <span id="xdx_906_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABN32.2MCreditFacilityMember_zyoaocR3v6j8">quarterly</span> installments of $<span id="xdx_902_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABN32.2MCreditFacilityMember_z5TDdu8FQksb">1,190</span>, with a final balloon payment of $<span id="xdx_90D_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--ABN32.2MCreditFacilityMember_zj76v72ywtT4">24,715</span> to be repaid on the last repayment date. The facility matures in the second quarter of 2021 and bears interest at <span id="xdx_900_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABN32.2MCreditFacilityMember__srt--StatementScenarioAxis__custom--UpToDecember312020Member_zt4S3Oq1QMwh"><span id="xdx_902_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABN32.2MCreditFacilityMember__srt--StatementScenarioAxis__custom--UpToMaturityDateMember_zou6UuVZ0y54">LIBOR</span></span> plus <span id="xdx_90F_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__srt--StatementScenarioAxis__custom--UpToDecember312020Member__us-gaap--LongtermDebtTypeAxis__custom--ABN32.2MCreditFacilityMember_zzxjsD8uCor5">400</span> bps per annum up to December 31, 2020 and <span id="xdx_905_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--ABN32.2MCreditFacilityMember__srt--StatementScenarioAxis__custom--UpToMaturityDateMember_zn6pYAekgNn5">425</span> bps per annum up to maturity date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify"><b>DORY Credit Facility:</b> On <span id="xdx_909_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember_zAcuDOAc3rXd">December 16, 2019</span>, the Company entered into a credit facility with Dory Funding DAC (the “Dory Credit Facility”) of up to $<span id="xdx_900_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember_zBJu4jhpSqA9">37,000</span> in order to finance the acquisition of <span id="xdx_906_ecustom--NumberOfVesselsRefinanced_iI_dc_uPure_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FourDrybulkVesselsMember_zgNQbmMAAFIg">four</span> drybulk vessels. As of December 31, 2020, the total outstanding balance of the Dory Credit Facility was $<span id="xdx_90C_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember_zhfN10l6RwL3">35,150</span> and is repayable in <span id="xdx_907_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember_z6e414XlKNSh">six</span> consecutive <span id="xdx_906_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember_z3ULagxzkAM8">quarterly</span> installments of $<span id="xdx_907_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember_zXxzqJnUQSag">925</span>, with a final balloon payment of $<span id="xdx_90A_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember_zdjQIDJel0Ka">29,600</span> to be repaid on the last repayment date. The facility matures in the third quarter of 2022 and bears interest at <span id="xdx_906_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember__srt--StatementScenarioAxis__custom--FirstTwelveMonthPeriodAfterUtilizationDateMember_zk9cjv3PQUxf"><span id="xdx_90F_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember__srt--StatementScenarioAxis__custom--FollowingTwelveMonthPeriodAfterUtilisationDateMember_zR3CihMSRsPh"><span id="xdx_903_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember__srt--StatementScenarioAxis__custom--PeriodCommencingTwentyFourMonthsAfterUtilisationDateMember_zRFTeNZPbEog">LIBOR</span></span></span> plus <span id="xdx_909_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__srt--StatementScenarioAxis__custom--FirstTwelveMonthPeriodAfterUtilizationDateMember__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember_zCBkuKzMc6Dk">475</span> bps per annum for the first twelve-month period after the utilization date, <span id="xdx_90F_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__srt--StatementScenarioAxis__custom--FollowingTwelveMonthPeriodAfterUtilizationDateMember__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember_zgnsPc0oo8Od">600</span> bps for the following twelve-month period and <span id="xdx_901_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__srt--StatementScenarioAxis__custom--PeriodCommencing24MonthsAfterUtilizationDateMember__us-gaap--LongtermDebtTypeAxis__custom--DoryFundingDACCreditFacilityMember_z2EP8YmFyDpb">700</span> bps for the period commencing 24 months after the utilization date through the termination date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 24.1pt; text-align: justify"><b>Hellenic Bank Credit Facility</b>: On <span id="xdx_902_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember_z3SYfGfHYi89">June 25, 2020</span>, the Company entered into a new credit facility with Hellenic Bank Public Company Limited (the “Hellenic Credit Facility”) in order to partially refinance the ABN $23.5m Credit Facility, relating to four of the containerships acquired from Navios Europe I, of up to $<span id="xdx_902_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember_zKYYwhOptUNi">17,000</span>. As of December 31, 2020, the total outstanding balance was $<span id="xdx_905_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember_zmR8ZQzoVjhi">15,960</span> and is repayable in <span id="xdx_90E_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember__srt--StatementScenarioAxis__custom--FirstTwoConsecutiveInstallmentsMember_ziJBhJgsLDt7">two</span> consecutive <span id="xdx_907_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember__srt--StatementScenarioAxis__custom--FirstTwoConsecutiveInstallmentsMember_zq3P5mlgusH5">quarterly</span> installments of $<span id="xdx_905_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember__srt--StatementScenarioAxis__custom--FirstTwoConsecutiveInstallmentsMember_zE02huapuGR9">520</span> and <span id="xdx_903_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_dc_uPure_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember__srt--StatementScenarioAxis__custom--TenConsecutiveInstallmentsMember_zo0bnWOqrMva">ten</span> consecutive <span id="xdx_900_eus-gaap--LineOfCreditFacilityFrequencyOfPayments_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember__srt--StatementScenarioAxis__custom--TenConsecutiveInstallmentsMember_zM61RZa87nF3">quarterly</span> installments of $<span id="xdx_90A_eus-gaap--LineOfCreditFacilityPeriodicPayment_pn3n3_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember__srt--StatementScenarioAxis__custom--TenConsecutiveInstallmentsMember_zfPNBuSeZ3Oi">660</span>, with a final balloon payment of $<span id="xdx_901_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember_zX2HbNew4xMj">8,320</span> to be repaid on the last repayment date. The facility matures in the fourth quarter of 2023 and bears interest at <span id="xdx_903_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember_z8FK4TYpU91i">LIBOR plus <span id="xdx_90B_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember_zajDhYp7T9E8">350</span> bps</span> per annum (see Note 23 — Subsequent Events).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify">Amounts drawn under the credit facilities are secured by first preferred mortgages on certain Navios Partners' vessels and other collateral and are guaranteed by the respective vessel-owning subsidiaries. The credit facilities contain a number of restrictive covenants that prohibit or limit Navios Partners from, among other things: incurring or guaranteeing indebtedness; entering into affiliate transactions; charging, pledging or encumbering the vessels; changing the flag, class, management or ownership of Navios Partners' vessels; changing the commercial and technical management of Navios Partners' vessels; selling or changing the beneficial ownership or control of Navios Partners' vessels; not maintaining Navios Holdings' (or its affiliates) ownership in Navios Partners of at least 15.0%; and subordinating the obligations under the credit facilities to any general and administrative costs relating to the vessels, including the fixed daily fee payable under the management agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify"><span id="xdx_904_eus-gaap--DefaultLongtermDebtDescriptionOfViolationOrEventOfDefault_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacilitiesMember_zdAoJPXydLa1" title="Description of violation or event of default">The credit facilities require compliance with a number of financial covenants, including: (i) maintain a required security amount ranging over <span id="xdx_905_ecustom--SecurityCoverRatio_iI_pii_dp_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacilitiesMember__srt--RangeAxis__srt--MinimumMember_z3hCGnvSJ7Se">120%</span> to <span id="xdx_908_ecustom--SecurityCoverRatio_iI_pii_dp_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacilitiesMember__srt--RangeAxis__srt--MaximumMember_zQtCpipoz10b">140%</span>; (ii) minimum free consolidated liquidity in an amount equal to at least $<span id="xdx_907_ecustom--MinimumLiquidAssetsRequiredCompliance_iI_dm_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacilitiesMember__srt--RangeAxis__srt--MinimumMember_zLo6p1miHNSh">0.5 million</span> to $<span id="xdx_900_ecustom--MinimumLiquidAssetsRequiredCompliance_iI_dm_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacilitiesMember__srt--RangeAxis__srt--MaximumMember_zZ7k22b0M9Cf">0.65 million</span> per owned vessel; (iii) maintain a ratio of EBITDA to interest expense of at least <span id="xdx_904_ecustom--EBITDAToNetInterestExpensesRatio_iI_pin2_dp_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacilitiesMember__srt--RangeAxis__srt--MinimumMember_zvfBqIUmR9fj">2.00</span>:1.00; (iv) maintain a ratio of total liabilities or total debt to total assets (as defined in the Company’s credit facilities) ranging of less than <span id="xdx_90A_ecustom--RatioTotalLiabilitiesToTotalAssets_c20200101__20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacilitiesMember_zAzNJdw05znc">0.75</span>; and (v) maintain a minimum net worth to $<span id="xdx_907_eus-gaap--MinimumNetWorthRequiredForCompliance_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--CreditFacilitiesMember_zF0aHDsV68F5">135,000</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify">It is an event of default under the credit facilities if such covenants are not complied with in accordance with the terms and subject to the prepayments or cure provisions of the facilities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.1pt; text-align: justify">As of December 31, 2020, Navios Partners was in compliance with the financial covenants and/or the prepayments and/or the cure provisions, as applicable, in each of its credit facilities. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 20pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.1pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-indent: 24.1pt"><b>Financial Liabilities</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify">In December 2018, the Company entered into two sale and leaseback agreements of $<span id="xdx_908_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20181231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFantastiksandNaviosBeaufiksMember_zHFT91FvSjp6">25,000</span> in total, with unrelated third parties for the Navios Fantastiks and the Navios Beaufiks. Navios Partners has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback agreements as a financial liability. Navios Partners is obligated to make 69 and 60 consecutive monthly payments, respectively, of approximately $<span id="xdx_908_eus-gaap--SaleLeasebackTransactionMonthlyRentalPayments_pn3n3_c20200101__20201231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFantastiksandNaviosBeaufiksMember__srt--StatementScenarioAxis__custom--ConsecutiveAverageMonthlyInstallmentsEqual69Member_zkJZOwflaxI8">161</span> and $<span id="xdx_90F_eus-gaap--SaleLeasebackTransactionMonthlyRentalPayments_pn3n3_c20200101__20201231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFantastiksandNaviosBeaufiksMember__srt--StatementScenarioAxis__custom--ConsecutiveAverageMonthlyInstallmentsEqual60Member_z44MU9Ad86Ie">155</span> each, respectively, commencing as of December 2018. As of December 31, 2020, the outstanding balance under the sale and leaseback agreements of the Navios Fantastiks and the Navios Beaufiks was $<span id="xdx_902_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20201231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFantastiksandNaviosBeaufiksMember_zNGhX28LbyZe">20,790</span> in total. The agreements mature in the third quarter of 2024 and fourth quarter of 2023, respectively, with a purchase obligation of $<span id="xdx_90C_eus-gaap--PurchaseObligation_iI_pn3n3_c20201231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFantastiksandNaviosBeaufiksMember_z0zFKLUwb6Q3">6,300</span> per vessel on the last repayment date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify">On April 5, 2019, the Company entered into a new sale and leaseback agreement of $<span id="xdx_900_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20190405__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_zwejwCgi6eu7">20,000</span>, with unrelated third parties for the Navios Sol, a <span id="xdx_905_ecustom--VesselYearBuilt_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_zgqjDDsAlKWg">2009</span>-built <span id="xdx_902_ecustom--VesselType_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_zD0fgr9PVavc">Capesize</span> vessel of <span id="xdx_90B_ecustom--VesselCapacity_uPure_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_zFbbBWVNW1uj">180,274</span> dwt. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On April 11, 2019, the amount of $<span id="xdx_902_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190411__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_zv8fMdQlmCFi">20,000</span> was drawn. Navios Partners is obligated to make 120 consecutive monthly payments of approximately $<span id="xdx_90C_eus-gaap--SaleLeasebackTransactionMonthlyRentalPayments_pn3n3_c20200101__20201231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember__srt--StatementScenarioAxis__custom--ConsecutiveAverageMonthlyInstallmentsEqual120Member_z8wSU1aZKIF2">190</span> each, commencing as of April 2019. As of December 31, 2020, the outstanding balance under the sale and leaseback agreement of the Navios Sol was $<span id="xdx_907_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_zFJ9g5yuaOLe">18,056</span>. The agreement matures in the second quarter of 2029, with a purchase obligation of $<span id="xdx_90B_eus-gaap--PurchaseObligation_iI_pn3n3_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_zbMSuGsfZD5d">6,300</span> on the last repayment date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify">On June 7, 2019, the Company entered into a new sale and leaseback agreement of $<span id="xdx_90A_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20190607__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusMember_z6jX8UXUIkTa">7,500</span>, with unrelated third parties for the Navios Sagittarius, a <span id="xdx_900_ecustom--VesselYearBuilt_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusMember_zP4DN1HxwhV7">2006</span>-built <span id="xdx_905_ecustom--VesselType_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusMember_zDdgv6ha5grj">Panamax</span> vessel of <span id="xdx_907_ecustom--VesselCapacity_uPure_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusMember_zb4zmTqoBQNh">75,756</span> dwt. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On June 28, 2019, the amount of $<span id="xdx_908_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190628__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusMember_zNdJUx46xhEf">7,500</span> was drawn. Navios Partners is obligated to make 36 consecutive monthly payments of approximately $<span id="xdx_907_eus-gaap--SaleLeasebackTransactionMonthlyRentalPayments_pn3n3_c20200101__20201231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusMember__srt--StatementScenarioAxis__custom--ConsecutiveAverageMonthlyInstallmentsEqual36Member_zrZqbRih70T1">178</span> each, commencing as of June 2019. As of December 31, 2020, the outstanding balance under the sale and leaseback agreement of the Navios Sagittarius was $<span id="xdx_90B_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusMember_zdSWSQMMQZdi">4,716</span>. The agreement matures in the second quarter of 2022, with a purchase obligation of $<span id="xdx_90B_eus-gaap--PurchaseObligation_iI_pn3n3_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusMember_zF56jqUawiY9">2,000</span> on the last repayment date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt; text-align: justify">On July 2, 2019, the Company entered into a new sale and leaseback agreement of $<span id="xdx_90B_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20190702__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember_z5XjVQt2MJuc">22,000</span>, with unrelated third parties for the Navios Ace, a <span id="xdx_902_ecustom--VesselYearBuilt_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember_zKRbfMvo2p3g">2011</span>-built <span id="xdx_90A_ecustom--VesselType_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember_zycCooMhmT9j">Capesize</span> vessel of <span id="xdx_909_ecustom--VesselCapacity_uPure_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember_zZsNMJCbvUkf">179,016</span> dwt. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On July 24, 2019, the amount of $<span id="xdx_90A_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190724__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember_zfNf5N0sSEN2">22,000</span> was drawn. Navios Partners is obligated to make 132 consecutive monthly payments of approximately $<span id="xdx_90A_eus-gaap--SaleLeasebackTransactionMonthlyRentalPayments_pn3n3_c20200101__20201231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember__srt--StatementScenarioAxis__custom--ConsecutiveAverageMonthlyInstallmentsEqual132Member_zgqM8xYVdkyf">198</span> each, commencing as of July 2019. As of December 31, 2020, the outstanding balance under the sale and leaseback agreement of the Navios Ace was $<span id="xdx_90D_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember_zWjFwJc7SaFe">20,320</span>. The agreement matures in the third quarter of 2030, with a purchase obligation of $<span id="xdx_900_eus-gaap--PurchaseObligation_iI_pn3n3_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember_z8MhgYEJo0L7">6,300</span> on the last repayment date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt 24.1pt">The Financial Liabilities have no financial covenants.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 24.1pt; text-align: justify">The maturity table below reflects the principal payments for the next five years and thereafter of all borrowings of Navios Partners outstanding as of December 31, 2020, based on the repayment schedules of the respective credit facilities and financial liabilities (as described above).</p> <p id="xdx_89D_eus-gaap--ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_zvledopfD7R2" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 24.1pt; text-align: justify"><span id="xdx_8B6_zsqufJnnFqAl" style="display: none">Borrowings - Maturities of Long Term Debt</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 24.1pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; width: 38%"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year</b></span></td> <td style="width: 32%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 2%; text-align: center"> </td> <td id="xdx_494_20201231_zRm6s1rjnxuc" style="border-bottom: black 1pt solid; width: 27%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Amount</b> </span></td> <td style="width: 1%; text-align: center"> </td></tr> <tr id="xdx_408_eus-gaap--LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths_iI_pn3n3_zYwHwuZcZDag" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">203,593</span></td> <td> </td></tr> <tr id="xdx_409_eus-gaap--LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pn3n3_zISlPjZHCpFf" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">69,300</span></td> <td> </td></tr> <tr id="xdx_40C_eus-gaap--LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree_iI_pn3n3_zbDV7eWVjCc" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">88,008</span></td> <td> </td></tr> <tr id="xdx_40B_eus-gaap--LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour_iI_pn3n3_zBPc9rUTwbed" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">65,471</span></td> <td> </td></tr> <tr id="xdx_40C_eus-gaap--LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive_iI_pn3n3_zKng93GWIgqi" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2025 and thereafter</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">64,797</span></td> <td> </td></tr> <tr id="xdx_40C_eus-gaap--LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities_iI_pn3n3_zvJ1oPIV94Md" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>491,169</b></span></td> <td> </td></tr> </table> <p id="xdx_8A7_za00IOaB0dB4" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p id="xdx_892_eus-gaap--ScheduleOfDebtTableTextBlock_zLnRlZxHNHB3" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt"><span id="xdx_8BD_zrcNmRrkw3b3" style="display: none">Borrowings</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="text-align: center"> </td> <td id="xdx_49A_20201231_z84RSzPdOyK9" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2020</b> </span></td> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td id="xdx_494_20191231_z67saBJP9OPb" style="border-bottom: Black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_40D_eus-gaap--LineOfCredit_iI_pn3n3_maLTDACzosY_zF7KlbLHz6r9" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Credit facilities</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$ </span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">427,287</span></td> <td style="width: 1%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 14%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">404,280</span></td> <td style="width: 1%"> </td></tr> <tr id="xdx_408_eus-gaap--FinanceLeaseLiability_iI_pn3n3_maLTDACzosY_z4aTsaLgiOY2" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Financial liabilities</span></td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">63,882</span></td> <td> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">90,086</span></td> <td> </td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities_iTI_pn3n3_mtLTDACzosY_zjQuBYHoyMN5" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total borrowings</b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>491,169</b></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>494,366</b></span></td> <td> </td></tr> <tr id="xdx_405_eus-gaap--LongTermDebtAndCapitalLeaseObligationsCurrent_iNI_pn3n3_di_zRyIT6pvGy0a" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Less: Current portion of long-term borrowings, net</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(201,835)</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(59,780)</span></td> <td> </td></tr> <tr id="xdx_401_eus-gaap--DeferredFinanceCostsNet_iNI_pn3n3_di_zEGiXgSGGTO3" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Less: Deferred finance costs, net</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(4,312)</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(5,338)</span></td> <td> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtAndCapitalLeaseObligations_iI_z9ioaGSidg1g" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Long-term borrowings, net</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>285,022</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>429,248</b></span></td> <td> </td></tr> </table> 427287000 404280000 63882000 90086000 491169000 494366000 201835000 59780000 4312000 5338000 285022000 429248000 486857000 250000000 189500000 2017-03-14 405000000 LIBOR plus 0.0500 2020-09-14 quarterly 1.25% 2017-08-10 53000000 The add-on to the Term Loan B Facility bore the same terms as the Term Loan B Facility. Navios Partners used the net proceeds to partially finance the acquisition of three vessels. 4 2000000 73478000 5 85500000 5 253800000 1973000 4101000 2017-06-26 32000000 2 17000000 15000000 15070000 117000 8515000 3 quarterly 569000 6808000 LIBOR plus 300 bps 0.0300 2017-06-28 39000000 4 7000000 7000000 32000000 20200000 209000 12250000 94000 2018-07-31 44000000 2 17500000 26500000 36823000 11 quarterly 798000 28050000 LIBOR plus 290 bps 0.0290 2019-02-12 66000000 4 3 15675000 15675000 14820000 14820000 49797000 2 quarterly 2243000 12 quarterly 1859000 23001000 LIBOR plus 260 bps 0.0260 2018-03-26 14300000 2 7150000 7150000 6554000 95000 4170000 10 quarterly 298000 1190000 LIBOR plus 300 bps 0.0300 2018-12-28 28500000 3 3 11915000 13475000 21878000 12 quarterly 751000 12862000 LIBOR plus 275 bps 0.0275 1 5273000 2019-04-05 40000000 2 2 34350000 30530000 14 quarterly 955000 17160000 LIBOR plus 275 bps 0.0275 2019-07-04 52800000 4 3 1 36516000 36516000 36516000 16284000 43350000 9 six-month 3150000 15000000 LIBOR plus 275 bps 0.0275 2020-09-28 33000000 2 32150000 19 quarterly 850000 16000000 LIBOR plus 325 bps 0.0325 2019-09-26 140000000 8 5 140000000 118500000 4 quarterly 5375000 97000000 LIBOR plus 320 bps 0.0320 2019-12-12 23500000 5 3369000 2 quarterly 173000 3024000 LIBOR LIBOR 0.0400 0.0600 2020-06-26 32200000 5 27095000 2 quarterly 1190000 24715000 LIBOR LIBOR 0.0400 0.0425 2019-12-16 37000000 4 35150000 6 quarterly 925000 29600000 LIBOR LIBOR LIBOR 0.0475 0.0600 0.0700 2020-06-25 17000000 15960000 2 quarterly 520000 10 quarterly 660000 8320000 LIBOR plus 350 bps 0.0350 The credit facilities require compliance with a number of financial covenants, including: (i) maintain a required security amount ranging over 120% to 140%; (ii) minimum free consolidated liquidity in an amount equal to at least $0.5 million to $0.65 million per owned vessel; (iii) maintain a ratio of EBITDA to interest expense of at least 2.00:1.00; (iv) maintain a ratio of total liabilities or total debt to total assets (as defined in the Company’s credit facilities) ranging of less than 0.75; and (v) maintain a minimum net worth to $135,000. 1.20 1.40 500000 650000 2.00 0.75 135000000 25000000 161000 155000 20790000 6300000 20000000 2009 Capesize 180274 20000000 190000 18056000 6300000 7500000 2006 Panamax 75756 7500000 178000 4716000 2000000 22000000 2011 Capesize 179016 22000000 198000 20320000 6300000 <p id="xdx_89D_eus-gaap--ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_zvledopfD7R2" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 24.1pt; text-align: justify"><span id="xdx_8B6_zsqufJnnFqAl" style="display: none">Borrowings - Maturities of Long Term Debt</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 24.1pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; width: 38%"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year</b></span></td> <td style="width: 32%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 2%; text-align: center"> </td> <td id="xdx_494_20201231_zRm6s1rjnxuc" style="border-bottom: black 1pt solid; width: 27%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Amount</b> </span></td> <td style="width: 1%; text-align: center"> </td></tr> <tr id="xdx_408_eus-gaap--LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths_iI_pn3n3_zYwHwuZcZDag" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">203,593</span></td> <td> </td></tr> <tr id="xdx_409_eus-gaap--LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pn3n3_zISlPjZHCpFf" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">69,300</span></td> <td> </td></tr> <tr id="xdx_40C_eus-gaap--LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree_iI_pn3n3_zbDV7eWVjCc" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">88,008</span></td> <td> </td></tr> <tr id="xdx_40B_eus-gaap--LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour_iI_pn3n3_zBPc9rUTwbed" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">65,471</span></td> <td> </td></tr> <tr id="xdx_40C_eus-gaap--LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive_iI_pn3n3_zKng93GWIgqi" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2025 and thereafter</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">64,797</span></td> <td> </td></tr> <tr id="xdx_40C_eus-gaap--LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities_iI_pn3n3_zvJ1oPIV94Md" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>491,169</b></span></td> <td> </td></tr> </table> 203593000 69300000 88008000 65471000 64797000 491169000 <p id="xdx_80B_eus-gaap--FairValueDisclosuresTextBlock_zoFw9OV46bVa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt"><b>NOTE 11 </b>– <b>FAIR VALUE OF FINANCIAL INSTRUMENTS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt"><b><span id="xdx_82F_zSp6Gzqobxpl">Fair value of financial instruments</span> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt"><b/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The carrying value amounts of many of Navios Partners' financial instruments, including cash and cash equivalents, restricted cash, accounts receivable, accounts payable and amounts due to related parties approximate their fair value due primarily to the short-term maturity of the related instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The following methods and assumptions were used to estimate the fair value of each class of financial instrument:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Cash and cash equivalents:</b> The carrying amounts reported in the Consolidated Balance Sheets for interest bearing deposits approximate their fair value because of the short maturity of these investments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Restricted Cash:</b> The carrying amounts reported in the Consolidated Balance Sheets for interest bearing deposits approximate their fair value because of the short maturity of these investments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Amounts due from related parties, short-term:</b> The carrying amount of due from related parties, short-term reported in the Consolidated Balance Sheets approximates its fair value due to the short-term nature of these receivables.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Loans receivable from affiliates: </b>The carrying amount of the fixed rate loan approximates its fair value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Notes receivable, net of current portion: </b>The carrying amount of the fixed rate notes receivable approximates its fair value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Amounts due to related parties, short-term: </b>The carrying amount of due to related parties, short-term reported in the Consolidated Balance Sheets approximates its fair value due to the short-term nature of these payables.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Long-term borrowings, net: </b>The book value has been adjusted to reflect the net presentation of deferred finance costs. The outstanding balance of the floating rate loans continues to approximate its fair value, excluding the effect of any deferred finance costs.</p> <p id="xdx_894_eus-gaap--FairValueByBalanceSheetGroupingTextBlock_zRxrk6AFJezh" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>The estimated fair values of the Navios Partners' financial instruments are as follows:</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><span id="xdx_8BF_zqhRVPvVTfQ1" style="display: none">Fair value of financial instruments </span></b></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="4" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31, 2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="4" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31, 2019</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Book Value</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Fair Value</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Book Value</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Fair Value</b> </span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20201231_zX5Ur0RXFRZf" title="Cash and cash equivalents - Book Value">19,303</span></span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20201231_zPXLNxr7N6Cb" title="Cash and cash equivalents - Fair Value">19,303</span></span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20191231_zJaBMVSAXN8h" title="Cash and cash equivalents - Book Value">23,354</span></span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20191231_zOiqZOctLH69" title="Cash and cash equivalents - Fair Value">23,354</span></span></td> <td style="width: 2%"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Restricted cash</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--RestrictedCashAndCashEquivalents_iI_pn3n3_c20201231_zo3aGGFjKkwf" title="Restricted cash - Book Value">11,425</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_ecustom--RestrictedCashCashEquivalentsFairValueDisclosure_iI_pn3n3_c20201231_z6TA8291f619" title="Restricted cash - Fair Value">11,425</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_eus-gaap--RestrictedCashAndCashEquivalents_iI_pn3n3_c20191231_zqfEYk9kmEAf" title="Restricted cash - Book Value">7,048</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--RestrictedCashCashEquivalentsFairValueDisclosure_iI_pn3n3_c20191231_zhZ2LkzFSdA4" title="Restricted cash - Fair Value">7,048</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due from related parties, short-term</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--DueFromRelatedPartiesCurrent_iI_pn3n3_c20201231_zFkhENfRFV5b" title="Amounts due from related parties, short-term - Book Value">5,000</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_ecustom--DueFromRelatedPartiesCurrentFairValueDisclosure_iI_pn3n3_c20201231_z93wHnPGaLM" title="Amounts due from related parties, short-term - Fair Value">5,000</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--DueFromRelatedPartiesCurrent_iI_pn3n3_c20191231_z4XGE2x7mpnh" title="Amounts due from related parties, short-term - Book Value">19,108</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--DueFromRelatedPartiesCurrentFairValueDisclosure_iI_pn3n3_c20191231_z9zmPVqqtUjj" title="Amounts due from related parties, short-term - Fair Value">19,108</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Loans receivable from affiliates</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--LoansAndLeasesReceivableRelatedParties_iI_pn3n3_d0_c20201231_zsg6IHJvXFTk" title="Loans receivable from affiliates - Book value">—</span></span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--LoansFromRelatedPartiesFairValueDisclosure_iI_pn3n3_d0_c20201231_zYWv0gSLEanf" title="Loans receivable from affiliates - Fair Value">—</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_ecustom--LoansFromRelatedPartiesFairValueDisclosure_iI_pn3n3_c20191231_zySTHBlbQxc" title="Loans receivable from affiliates - Book Value">16,192</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_ecustom--LoansFromRelatedPartiesFairValueDisclosure_iI_pn3n3_c20191231_zeit1YJEQhs" title="Loans receivable from affiliates - Fair Value">16,192</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due from related parties, long-term</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_eus-gaap--AccountsReceivableRelatedPartiesNoncurrent_iI_pn3n3_d0_c20201231_zJdymmwlY6G1" title="Amounts due from related parties, long-term - Book Value">—</span></span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_ecustom--DueFromRelatedPartiesNoncurrentFairValueDisclosure_iI_pn3n3_d0_c20201231_zsqcB1h1alv8" title="Amounts due from related parties, long-term - Fair Value">—</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--AccountsReceivableRelatedPartiesNoncurrent_iI_pn3n3_d0_c20191231_z0h0PjtjXVgl" title="Amounts due from related parties, long-term - Book Value">13,757</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_ecustom--DueFromRelatedPartiesNoncurrentFairValueDisclosure_iI_pn3n3_d0_c20191231_zknfRKHUHjwb" title="Amounts due from related parties, long-term - Fair Value">13,757</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due to related parties, short-term</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_eus-gaap--DueToRelatedPartiesCurrent_iNI_pn3n3_di_c20201231_zXzfOyyy4yVj" title="Amounts due to related parties, short term - Book value">(35,979)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_ecustom--DueToRelatedPartiesCurrentFairValueDisclosure_iNI_pn3n3_di_c20201231_zs9Z7yWPIRp7" title="Amounts due to related parties, short term - Fair value">(35,979)</span></span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_ecustom--DueToRelatedPartiesCurrentFairValueDisclosure_iNI_pn3n3_di0_c20191231_zCJwpChn5Gkf" title="Amounts due to related parties, short term - Fair value">—</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Notes receivable, net of current portion</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_pn3n3_c20201231_zG1IPRsBoAu8" title="Notes receivable, net of current portion - Book Value">8,013</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--NotesReceivableFairValueDisclosure_iI_pn3n3_c20201231_zKbnuWJzTeVc" title="Notes receivable, net of current portion - Fair Value">8,013</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_pn3n3_c20191231_zyd5m9RjcdIl" title="Notes receivable, net of current portion - Book Value">7,554</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--NotesReceivableFairValueDisclosure_iI_pn3n3_c20191231_zs1o0nOQaVe2" title="Notes receivable, net of current portion - Fair Value">7,554</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Long-term borrowings, net</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--LongTermDebt_iNI_pn3n3_di_c20201231_zAtawEzuiE1b" title="Long-term borrowings, net - Book value">(486,857)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_eus-gaap--LongTermDebtFairValue_iNI_pn3n3_di_c20201231_zmzW6p78S782" title="Long-term borrowings, net - Fair value">(491,169)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_eus-gaap--LongTermDebt_iNI_pn3n3_di_c20191231_zPtbJRbElvW2" title="Long-term borrowings, net - Book value">(489,028)</span></span></td> <td/> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_eus-gaap--LongTermDebtFairValue_iNI_pn3n3_di_c20191231_zKcP8emdTLw5" title="Long-term borrowings, net - Fair value">(494,366)</span></span></td> <td/></tr> </table> <p id="xdx_8A1_zBkhGAW3jI2" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Fair Value Measurements </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The estimated fair value of the Company’s financial instruments that are not measured at fair value on a recurring basis, categorized based upon the fair value hierarchy, are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Level I: Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets that the Company has the ability to access. Valuation of these items does not entail a significant amount of judgment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Level II: Inputs other than quoted prices included in Level I that are observable for the asset or liability through corroboration with market data at the measurement date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.5pt">Level III: Inputs that are unobservable. The Company did not use any Level III inputs as of December 31, 2020 and December 31, 2019.</p> <p id="xdx_896_eus-gaap--FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock_zIMLBKN8kGOb" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_8B3_zp51GedCr5B3" style="display: none">Fair value measurements on a Nonrecurring Basis</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Fair Value Measurements as at December 31, 2020</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level I</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level II</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level III</b> </span></td> <td style="text-align: center"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</span></td> <td style="vertical-align: bottom; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20201231_zk3yjkJ92DH8" title="Cash and cash equivalents">19,303</span></span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zw9eaaQWLfmb" title="Cash and cash equivalents">19,303</span></span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: top; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: top; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom; width: 2%"> </td></tr> <tr> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Restricted cash</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_ecustom--RestrictedCashCashEquivalentsFairValueDisclosure_iI_pn3n3_c20201231_z2Kd4nZAOKRe" title="Restricted cash">11,425</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_ecustom--RestrictedCashCashEquivalentsFairValueDisclosure_iI_pn3n3_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zOZpj8zqSVzi" title="Restricted cash">11,425</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due from related parties, short-term</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_ecustom--DueFromRelatedPartiesCurrentFairValueDisclosure_iI_pn3n3_c20201231_zdgZSvSaAy18">5,000</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_ecustom--DueFromRelatedPartiesCurrentFairValueDisclosure_iI_pn3n3_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zVO9RLWMNd2b">5,000</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Notes receivable, net of current portion⁽²⁾</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_pn3n3_c20201231_zb9IA9ZyYxKe" title="Notes receivable, net of current portion">8,013</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_pn3n3_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zeCsxVAhCNQg" title="Notes receivable, net of current portion">8,013</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due to related parties, short-term</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_ecustom--DueToRelatedPartiesCurrentFairValueDisclosure_iNI_pn3n3_di_c20201231_zNPYuoQegaY2">(35,979)</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_ecustom--DueToRelatedPartiesCurrentFairValueDisclosure_iNI_pn3n3_di_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zSLoZ6uhXle1">(35,979)</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Long-term borrowings, net ⁽¹⁾</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--LongTermDebtFairValue_iNI_pn3n3_di_c20201231_zZT5jP1tYIx3">(491,169)</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--LongTermDebtFairValue_iNI_pn3n3_di_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zT5Z2XnLRm1c">(491,169)</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="10" style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Fair Value Measurements as at December 31, 2019</b> </span></td> <td style="border-bottom: black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level I</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level II</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level III</b></span></td> <td style="border-bottom: black 1pt solid"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20191231_zpryWjtqmVwj" title="Cash and cash equivalents - Fair Value">23,354</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zLcVC9mrKxs2" title="Cash and cash equivalents - Fair Value">23,354</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Restricted cash</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_ecustom--RestrictedCashCashEquivalentsFairValueDisclosure_iI_pn3n3_c20191231_zBMa1Q3tUM0g" title="Restricted cash">7,048</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_ecustom--RestrictedCashCashEquivalentsFairValueDisclosure_iI_pn3n3_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z0QMXG2Me5Ue" title="Restricted cash">7,048</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom; text-align: center"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due from related parties, short-term</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_ecustom--DueFromRelatedPartiesCurrentFairValueDisclosure_iI_pn3n3_c20191231_zSXWkYsyNhWa" title="Amounts due from related parties, short-term - Fair Value">19,108</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_ecustom--DueFromRelatedPartiesCurrentFairValueDisclosure_iI_pn3n3_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zTO96JD9RQD" title="Amounts due from related parties, short-term - Fair Value">19,108</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Loans receivable from affiliates</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_ecustom--LoansFromRelatedPartiesFairValueDisclosure_iI_pn3n3_c20191231_zREufYanzh6j">16,192</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_ecustom--LoansFromRelatedPartiesFairValueDisclosure_iI_pn3n3_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zLrrGJ3Bd482" title="Loans receivable from affiliates - Fair Value">16,192</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due from related parties, long-term</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_ecustom--DueFromRelatedPartiesNoncurrentFairValueDisclosure_iI_pn3n3_d0_c20191231_zu6ZZlvwTKo7" title="Amounts due from related parties, long-term - Fair Value">13,757</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_ecustom--DueFromRelatedPartiesNoncurrentFairValueDisclosure_iI_pn3n3_d0_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zL9BZKLeWHLj" title="Amounts due from related parties, long-term - Fair Value">13,757</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Notes receivable, net of current portion⁽²⁾</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_pn3n3_c20191231_z1V0gsbyGQkl" title="Notes receivable, net of current portion">7,554</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_pn3n3_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zDKGlUIqoOtj" title="Notes receivable, net of current portion">7,554</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Long-term borrowings, net⁽¹⁾</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_eus-gaap--LongTermDebtFairValue_iNI_pn3n3_di_c20191231_z7iSIC3F1sBi" title="Long-term borrowings, net - Fair Value">(494,366)</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_eus-gaap--LongTermDebtFairValue_iNI_pn3n3_di_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zmAq9oBO7aji" title="Long-term borrowings, net - Fair Value">(494,366)</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 12pt 24.5pt; text-align: justify">The following table sets forth the Company’s assets that are measured at fair value on a recurring basis categorized by fair value hierarchy level. As required by the fair value guidance, assets are categorized in their entirety based on the lowest level of input that is significant to the fair value measurement.</p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Fair Value Measurements as at December 31, 2020</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level I</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level II</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level III</b> </span></td> <td style="text-align: center"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessels, net</span></td> <td style="vertical-align: bottom; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentFairValueDisclosure_iI_pn3n3_c20201231_zLEAtoql2Pbc" style="vertical-align: bottom; width: 12%; text-align: right" title="Vessels, net"><span style="font: 10pt Times New Roman, Times, Serif">62,789</span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentFairValueDisclosure_iI_pn3n3_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zOlhdXmf9wb4" style="vertical-align: bottom; width: 12%; text-align: right" title="Vessels, net"><span style="font: 10pt Times New Roman, Times, Serif">13,428 </span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$ </span></td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentFairValueDisclosure_iI_pn3n3_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zItos4pNINUf" style="vertical-align: top; width: 12%; text-align: right" title="Vessels, net"><span style="font: 10pt Times New Roman, Times, Serif">49,361</span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: top; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom; width: 2%"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 24.5pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Fair Value Measurements as at December 31, 2019</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level I</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level II</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level III</b> </span></td> <td style="text-align: center"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessels, net</span></td> <td style="vertical-align: bottom; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentFairValueDisclosure_iI_pn3n3_c20191231_zUChuyDP46w5" style="vertical-align: bottom; width: 12%; text-align: right" title="Vessels, net"><span style="font: 10pt Times New Roman, Times, Serif">23,100</span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$ </span></td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentFairValueDisclosure_iI_pn3n3_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zH7eA3qR1Tmg" style="vertical-align: top; width: 12%; text-align: right" title="Vessels, net"><span style="font: 10pt Times New Roman, Times, Serif">23,100</span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: top; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom; width: 2%"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -24.5pt; margin-right: 0; margin-bottom: 0; margin-left: 24.5pt"/> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -24.5pt; margin-right: 0; margin-bottom: 0; margin-left: 24.5pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -24.5pt; margin-right: 0; margin-bottom: 0; margin-left: 24.5pt">(1)  The fair value of the Company's debt is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account its creditworthiness.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">(2)  The fair value is estimated based on currently available information on the Company's counterparty with similar contract terms, interest rate and remaining maturities.</p> <p id="xdx_8A5_zSaJaDYgr2e1" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 24.5pt"> </p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 24.5pt"> </p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 24.5pt"> </p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 24.5pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"/> <p id="xdx_894_eus-gaap--FairValueByBalanceSheetGroupingTextBlock_zRxrk6AFJezh" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>The estimated fair values of the Navios Partners' financial instruments are as follows:</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b><span id="xdx_8BF_zqhRVPvVTfQ1" style="display: none">Fair value of financial instruments </span></b></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="4" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31, 2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="4" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31, 2019</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Book Value</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Fair Value</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Book Value</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Fair Value</b> </span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20201231_zX5Ur0RXFRZf" title="Cash and cash equivalents - Book Value">19,303</span></span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20201231_zPXLNxr7N6Cb" title="Cash and cash equivalents - Fair Value">19,303</span></span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20191231_zJaBMVSAXN8h" title="Cash and cash equivalents - Book Value">23,354</span></span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20191231_zOiqZOctLH69" title="Cash and cash equivalents - Fair Value">23,354</span></span></td> <td style="width: 2%"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Restricted cash</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--RestrictedCashAndCashEquivalents_iI_pn3n3_c20201231_zo3aGGFjKkwf" title="Restricted cash - Book Value">11,425</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_ecustom--RestrictedCashCashEquivalentsFairValueDisclosure_iI_pn3n3_c20201231_z6TA8291f619" title="Restricted cash - Fair Value">11,425</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_eus-gaap--RestrictedCashAndCashEquivalents_iI_pn3n3_c20191231_zqfEYk9kmEAf" title="Restricted cash - Book Value">7,048</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--RestrictedCashCashEquivalentsFairValueDisclosure_iI_pn3n3_c20191231_zhZ2LkzFSdA4" title="Restricted cash - Fair Value">7,048</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due from related parties, short-term</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--DueFromRelatedPartiesCurrent_iI_pn3n3_c20201231_zFkhENfRFV5b" title="Amounts due from related parties, short-term - Book Value">5,000</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_ecustom--DueFromRelatedPartiesCurrentFairValueDisclosure_iI_pn3n3_c20201231_z93wHnPGaLM" title="Amounts due from related parties, short-term - Fair Value">5,000</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--DueFromRelatedPartiesCurrent_iI_pn3n3_c20191231_z4XGE2x7mpnh" title="Amounts due from related parties, short-term - Book Value">19,108</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--DueFromRelatedPartiesCurrentFairValueDisclosure_iI_pn3n3_c20191231_z9zmPVqqtUjj" title="Amounts due from related parties, short-term - Fair Value">19,108</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Loans receivable from affiliates</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--LoansAndLeasesReceivableRelatedParties_iI_pn3n3_d0_c20201231_zsg6IHJvXFTk" title="Loans receivable from affiliates - Book value">—</span></span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--LoansFromRelatedPartiesFairValueDisclosure_iI_pn3n3_d0_c20201231_zYWv0gSLEanf" title="Loans receivable from affiliates - Fair Value">—</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_ecustom--LoansFromRelatedPartiesFairValueDisclosure_iI_pn3n3_c20191231_zySTHBlbQxc" title="Loans receivable from affiliates - Book Value">16,192</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_ecustom--LoansFromRelatedPartiesFairValueDisclosure_iI_pn3n3_c20191231_zeit1YJEQhs" title="Loans receivable from affiliates - Fair Value">16,192</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due from related parties, long-term</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_eus-gaap--AccountsReceivableRelatedPartiesNoncurrent_iI_pn3n3_d0_c20201231_zJdymmwlY6G1" title="Amounts due from related parties, long-term - Book Value">—</span></span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_ecustom--DueFromRelatedPartiesNoncurrentFairValueDisclosure_iI_pn3n3_d0_c20201231_zsqcB1h1alv8" title="Amounts due from related parties, long-term - Fair Value">—</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--AccountsReceivableRelatedPartiesNoncurrent_iI_pn3n3_d0_c20191231_z0h0PjtjXVgl" title="Amounts due from related parties, long-term - Book Value">13,757</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_ecustom--DueFromRelatedPartiesNoncurrentFairValueDisclosure_iI_pn3n3_d0_c20191231_zknfRKHUHjwb" title="Amounts due from related parties, long-term - Fair Value">13,757</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due to related parties, short-term</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_eus-gaap--DueToRelatedPartiesCurrent_iNI_pn3n3_di_c20201231_zXzfOyyy4yVj" title="Amounts due to related parties, short term - Book value">(35,979)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_ecustom--DueToRelatedPartiesCurrentFairValueDisclosure_iNI_pn3n3_di_c20201231_zs9Z7yWPIRp7" title="Amounts due to related parties, short term - Fair value">(35,979)</span></span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_ecustom--DueToRelatedPartiesCurrentFairValueDisclosure_iNI_pn3n3_di0_c20191231_zCJwpChn5Gkf" title="Amounts due to related parties, short term - Fair value">—</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Notes receivable, net of current portion</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_pn3n3_c20201231_zG1IPRsBoAu8" title="Notes receivable, net of current portion - Book Value">8,013</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--NotesReceivableFairValueDisclosure_iI_pn3n3_c20201231_zKbnuWJzTeVc" title="Notes receivable, net of current portion - Fair Value">8,013</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_pn3n3_c20191231_zyd5m9RjcdIl" title="Notes receivable, net of current portion - Book Value">7,554</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--NotesReceivableFairValueDisclosure_iI_pn3n3_c20191231_zs1o0nOQaVe2" title="Notes receivable, net of current portion - Fair Value">7,554</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Long-term borrowings, net</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--LongTermDebt_iNI_pn3n3_di_c20201231_zAtawEzuiE1b" title="Long-term borrowings, net - Book value">(486,857)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_eus-gaap--LongTermDebtFairValue_iNI_pn3n3_di_c20201231_zmzW6p78S782" title="Long-term borrowings, net - Fair value">(491,169)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_eus-gaap--LongTermDebt_iNI_pn3n3_di_c20191231_zPtbJRbElvW2" title="Long-term borrowings, net - Book value">(489,028)</span></span></td> <td/> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_eus-gaap--LongTermDebtFairValue_iNI_pn3n3_di_c20191231_zKcP8emdTLw5" title="Long-term borrowings, net - Fair value">(494,366)</span></span></td> <td/></tr> </table> 19303000 19303000 23354000 23354000 11425000 11425000 7048000 7048000 5000000 5000000 19108000 19108000 0 0 16192000 16192000 0 0 13757000 13757000 35979000 35979000 -0 8013000 8013000 7554000 7554000 486857000 491169000 489028000 494366000 <p id="xdx_896_eus-gaap--FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock_zIMLBKN8kGOb" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_8B3_zp51GedCr5B3" style="display: none">Fair value measurements on a Nonrecurring Basis</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Fair Value Measurements as at December 31, 2020</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level I</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level II</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level III</b> </span></td> <td style="text-align: center"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</span></td> <td style="vertical-align: bottom; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20201231_zk3yjkJ92DH8" title="Cash and cash equivalents">19,303</span></span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zw9eaaQWLfmb" title="Cash and cash equivalents">19,303</span></span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: top; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: top; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom; width: 2%"> </td></tr> <tr> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Restricted cash</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_ecustom--RestrictedCashCashEquivalentsFairValueDisclosure_iI_pn3n3_c20201231_z2Kd4nZAOKRe" title="Restricted cash">11,425</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_ecustom--RestrictedCashCashEquivalentsFairValueDisclosure_iI_pn3n3_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zOZpj8zqSVzi" title="Restricted cash">11,425</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due from related parties, short-term</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_ecustom--DueFromRelatedPartiesCurrentFairValueDisclosure_iI_pn3n3_c20201231_zdgZSvSaAy18">5,000</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_ecustom--DueFromRelatedPartiesCurrentFairValueDisclosure_iI_pn3n3_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zVO9RLWMNd2b">5,000</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Notes receivable, net of current portion⁽²⁾</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_pn3n3_c20201231_zb9IA9ZyYxKe" title="Notes receivable, net of current portion">8,013</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_pn3n3_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zeCsxVAhCNQg" title="Notes receivable, net of current portion">8,013</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due to related parties, short-term</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_ecustom--DueToRelatedPartiesCurrentFairValueDisclosure_iNI_pn3n3_di_c20201231_zNPYuoQegaY2">(35,979)</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_ecustom--DueToRelatedPartiesCurrentFairValueDisclosure_iNI_pn3n3_di_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zSLoZ6uhXle1">(35,979)</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Long-term borrowings, net ⁽¹⁾</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--LongTermDebtFairValue_iNI_pn3n3_di_c20201231_zZT5jP1tYIx3">(491,169)</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--LongTermDebtFairValue_iNI_pn3n3_di_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zT5Z2XnLRm1c">(491,169)</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="10" style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Fair Value Measurements as at December 31, 2019</b> </span></td> <td style="border-bottom: black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level I</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level II</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level III</b></span></td> <td style="border-bottom: black 1pt solid"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20191231_zpryWjtqmVwj" title="Cash and cash equivalents - Fair Value">23,354</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zLcVC9mrKxs2" title="Cash and cash equivalents - Fair Value">23,354</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Restricted cash</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_ecustom--RestrictedCashCashEquivalentsFairValueDisclosure_iI_pn3n3_c20191231_zBMa1Q3tUM0g" title="Restricted cash">7,048</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_ecustom--RestrictedCashCashEquivalentsFairValueDisclosure_iI_pn3n3_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z0QMXG2Me5Ue" title="Restricted cash">7,048</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom; text-align: center"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due from related parties, short-term</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_ecustom--DueFromRelatedPartiesCurrentFairValueDisclosure_iI_pn3n3_c20191231_zSXWkYsyNhWa" title="Amounts due from related parties, short-term - Fair Value">19,108</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_ecustom--DueFromRelatedPartiesCurrentFairValueDisclosure_iI_pn3n3_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zTO96JD9RQD" title="Amounts due from related parties, short-term - Fair Value">19,108</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Loans receivable from affiliates</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_ecustom--LoansFromRelatedPartiesFairValueDisclosure_iI_pn3n3_c20191231_zREufYanzh6j">16,192</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_ecustom--LoansFromRelatedPartiesFairValueDisclosure_iI_pn3n3_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zLrrGJ3Bd482" title="Loans receivable from affiliates - Fair Value">16,192</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Amounts due from related parties, long-term</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_905_ecustom--DueFromRelatedPartiesNoncurrentFairValueDisclosure_iI_pn3n3_d0_c20191231_zu6ZZlvwTKo7" title="Amounts due from related parties, long-term - Fair Value">13,757</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_ecustom--DueFromRelatedPartiesNoncurrentFairValueDisclosure_iI_pn3n3_d0_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zL9BZKLeWHLj" title="Amounts due from related parties, long-term - Fair Value">13,757</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Notes receivable, net of current portion⁽²⁾</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_pn3n3_c20191231_z1V0gsbyGQkl" title="Notes receivable, net of current portion">7,554</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_pn3n3_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zDKGlUIqoOtj" title="Notes receivable, net of current portion">7,554</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Long-term borrowings, net⁽¹⁾</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_eus-gaap--LongTermDebtFairValue_iNI_pn3n3_di_c20191231_z7iSIC3F1sBi" title="Long-term borrowings, net - Fair Value">(494,366)</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_eus-gaap--LongTermDebtFairValue_iNI_pn3n3_di_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zmAq9oBO7aji" title="Long-term borrowings, net - Fair Value">(494,366)</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: top; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 12pt 24.5pt; text-align: justify">The following table sets forth the Company’s assets that are measured at fair value on a recurring basis categorized by fair value hierarchy level. As required by the fair value guidance, assets are categorized in their entirety based on the lowest level of input that is significant to the fair value measurement.</p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Fair Value Measurements as at December 31, 2020</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level I</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level II</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level III</b> </span></td> <td style="text-align: center"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessels, net</span></td> <td style="vertical-align: bottom; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentFairValueDisclosure_iI_pn3n3_c20201231_zLEAtoql2Pbc" style="vertical-align: bottom; width: 12%; text-align: right" title="Vessels, net"><span style="font: 10pt Times New Roman, Times, Serif">62,789</span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentFairValueDisclosure_iI_pn3n3_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zOlhdXmf9wb4" style="vertical-align: bottom; width: 12%; text-align: right" title="Vessels, net"><span style="font: 10pt Times New Roman, Times, Serif">13,428 </span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$ </span></td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentFairValueDisclosure_iI_pn3n3_c20201231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zItos4pNINUf" style="vertical-align: top; width: 12%; text-align: right" title="Vessels, net"><span style="font: 10pt Times New Roman, Times, Serif">49,361</span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: top; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom; width: 2%"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 24.5pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Fair Value Measurements as at December 31, 2019</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level I</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level II</b> </span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Level III</b> </span></td> <td style="text-align: center"> </td></tr> <tr style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Vessels, net</span></td> <td style="vertical-align: bottom; width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentFairValueDisclosure_iI_pn3n3_c20191231_zUChuyDP46w5" style="vertical-align: bottom; width: 12%; text-align: right" title="Vessels, net"><span style="font: 10pt Times New Roman, Times, Serif">23,100</span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">$ </span></td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentFairValueDisclosure_iI_pn3n3_c20191231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zH7eA3qR1Tmg" style="vertical-align: top; width: 12%; text-align: right" title="Vessels, net"><span style="font: 10pt Times New Roman, Times, Serif">23,100</span></td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: top; width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">—</span></td> <td style="vertical-align: bottom; width: 2%"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -24.5pt; margin-right: 0; margin-bottom: 0; margin-left: 24.5pt"/> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -24.5pt; margin-right: 0; margin-bottom: 0; margin-left: 24.5pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -24.5pt; margin-right: 0; margin-bottom: 0; margin-left: 24.5pt">(1)  The fair value of the Company's debt is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account its creditworthiness.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">(2)  The fair value is estimated based on currently available information on the Company's counterparty with similar contract terms, interest rate and remaining maturities.</p> 19303000 19303000 11425000 11425000 5000000 5000000 8013000 8013000 35979000 35979000 491169000 491169000 23354000 23354000 7048000 7048000 19108000 19108000 16192000 16192000 13757000 13757000 7554000 7554000 494366000 494366000 62789000 13428000 49361000 23100000 23100000 <p id="xdx_804_ecustom--IssuanceUnitsTextBlock_zj8ppQHH3c8e" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 12 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>ISSUANCE OF UNITS</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_822_zVBVSk7b4yH" style="display: none">Issuance of units</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On November 18, 2016, Navios Partners entered into a Continuous Offering Program Sales Agreement for the issuance and sale from time to time through its agent common units having an aggregate offering price of up to $<span id="xdx_90D_ecustom--MaximumAggregateOfferingPriceIssuanceLimitedPartnerInterests_pn3n3_c20160101__20161118__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--TransactionTypeAxis__custom--ContinuousOfferingProgramSalesAgreementMember_zCwXcprDXGUa" title="Maximum aggregate offering price">25,000</span>. An amended Sales Agreement was entered into on August 3, 2020. As of December 31, 2020, since the commencement of the amended Sales Agreement, Navios Partners has issued <span id="xdx_90B_eus-gaap--PartnersCapitalAccountUnitsSoldInPublicOffering_uShares_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--TransactionTypeAxis__custom--ContinuousOfferingProgramSalesAgreementMember_zzgXNILvDAgi">357,508</span> units and received net proceeds of $<span id="xdx_90F_eus-gaap--ProceedsFromIssuanceOfCommonLimitedPartnersUnits_pn3n3_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--TransactionTypeAxis__custom--ContinuousOfferingProgramSalesAgreementMember_zCFeXxoAugqe">2,231</span>. Pursuant to the issuance of the common units, Navios Partners issued <span id="xdx_907_eus-gaap--PartnersCapitalAccountUnitsSaleOfUnits_uShares_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember_zXPtIgRlBvg2">7,298</span> general partnership units to its general partner in order to maintain its 2.0% general partner interest. The net proceeds from the issuance of the general partnership units were $<span id="xdx_908_eus-gaap--PartnersCapitalAccountSaleOfUnits_pn3n3_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember_zZq0EYztKFSl">47</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On April 25, 2019, Navios Partners announced that its Board of Directors had approved <span id="xdx_901_eus-gaap--StockholdersEquityReverseStockSplit_c20190101__20190521__us-gaap--ConversionOfStockByUniqueDescriptionAxis__custom--ReverseStockSplitMember_zx2lCxZxou5a">1-for-15</span> reverse stock split of its issued and outstanding shares of common units and general partner units. The reverse stock split was effective on May 21, 2019 and the common units commenced trading on such date on a split adjusted basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In January 2019, the Board of Directors of Navios Partners authorized a common unit repurchase program for up to $<span id="xdx_902_eus-gaap--StockRepurchaseProgramAuthorizedAmount1_iI_pn3n3_c20190131__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--ShareRepurchaseProgramAxis__custom--UnitRepurchaseProgramMember_zjAr6q3Gm0h9">50,000</span> of the Company's common units over a two year period. The program does not require any minimum repurchase or any specific number of common units and may be suspended or reinstated at any time in Navios Partners' discretion and without notice. The Board of Directors will review the program periodically. Repurchases are subject to restrictions under Navios Partners' credit facilities. As of December 31, 2020, Navios Partners had repurchased and cancelled <span id="xdx_902_eus-gaap--PartnersCapitalAccountUnitsTreasury_uShares_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zoUpr8UZsD26" title="Common units repurchased and cancelled, units">312,952</span> common units on a split adjusted basis, for a total cost of approximately $<span id="xdx_902_eus-gaap--PartnersCapitalAccountTreasuryUnitsPurchases_pn3n3_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zmIr9QHMR2x1" title="Common units repurchased and cancelled, value">4,499</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In December 2019, Navios Partners authorized the granting of <span id="xdx_90E_eus-gaap--PartnersCapitalAccountUnitsUnitbasedCompensation_c20190101__20191218__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2019Member_zeqPwSK7SsNk">4,000</span> restricted common units, which were issued on December 18, 2019, to its directors and officers, which are based solely on service conditions and vest over four years. The effect of compensation expense arising from the restricted common units described above amounted to $<span id="xdx_905_eus-gaap--ShareBasedCompensation_pn3n3_c20200101__20201231__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2019Member_zPB0RR1jskNd">35</span> and $<span id="xdx_903_eus-gaap--ShareBasedCompensation_pn3n3_c20190101__20191231__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2019Member_zUo5qNxYUmo3">0</span> for the years ended December 31, 2020 and December 31, 2019, and was presented under the caption “General and administrative expenses” in the Consolidated Statements of Operations. There were no restricted common units exercised, forfeited or expired during the year ended December 31, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In February 2019, Navios Partners authorized the granting of <span id="xdx_901_eus-gaap--PartnersCapitalAccountUnitsUnitbasedCompensation_c20190101__20190201__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedFebruary1Member_zo8nriYez5P1">25,396</span> restricted common units, which were issued on February 1, 2019, to its directors and officers, which are based solely on service conditions and vest over four years. The fair value of restricted common units was determined by reference to the quoted stock price on the date of grant. Compensation expense, net of estimated forfeitures, is recognized based on a graded expense model over the vesting period. Navios Partners also issued <span id="xdx_90E_eus-gaap--PartnersCapitalAccountUnitsUnitbasedCompensation_c20190101__20190201__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__srt--StatementScenarioAxis__custom--AuthorizedFebruary1Member_zxCp7Qdx73G9">518</span> general partnership units to its general partner for net proceeds of $<span id="xdx_908_eus-gaap--ProceedsFromPartnershipContribution_pn3n3_c20200101__20200630__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember_zYsyfcVYx0F5">8</span>. The effect of compensation expense arising from the restricted common units described above for the years ended December 31, 2020 and 2019, amounted to $<span id="xdx_907_eus-gaap--ShareBasedCompensation_pn3n3_c20200101__20201231__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedFebruary1Member_zJQ15Tbtxthd">116</span> and to $<span id="xdx_906_eus-gaap--ShareBasedCompensation_pn3n3_c20190101__20191231__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedFebruary1Member_zpmUcoZdocNi">190</span> respectively, and was presented under the caption “General and administrative expenses” in the Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In December 2018, Navios Partners authorized the granting of <span id="xdx_903_eus-gaap--PartnersCapitalAccountUnitsUnitbasedCompensation_uShares_c20180101__20181224__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2018Member_zkk2JyDGWkf">97,633</span> restricted common units, which were issued on December 24, 2018, to its directors and officers, which are based solely on service conditions and vest over four years. Navios Partners also issued <span id="xdx_900_eus-gaap--PartnersCapitalAccountUnitsUnitbasedCompensation_uShares_c20180101__20181224__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2018Member_z6DPojMmES59">1,993</span> general partnership units to its general partner for net proceeds of $<span id="xdx_90A_eus-gaap--ProceedsFromPartnershipContribution_pn3n3_c20180101__20181224__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2018Member_zLYfxKQcexo7" title="Net proceeds from issuance of general partner units">27</span>. The effect of compensation expense arising from the restricted common units described above amounted to $<span id="xdx_90A_eus-gaap--ShareBasedCompensation_pn3n3_c20200101__20201231__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2018Member_zR2MgWkGPzs">348</span>, $<span id="xdx_900_eus-gaap--ShareBasedCompensation_pn3n3_c20190101__20191231__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2018Member_zRi5CWXBuPLg">669</span> and $<span id="xdx_905_eus-gaap--ShareBasedCompensation_pn3n3_c20180101__20181231__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2018Member_zAxix887Wg9i">20</span> for the years ended December 31, 2020, 2019 and 2018 respectively, and was presented under the caption “General and administrative expenses” in the Consolidated Statements of Operations. There were no restricted common units exercised, forfeited or expired during each of the years ended December 31, 2020 and 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In December 2017, Navios Partners authorized the granting of <span id="xdx_90E_eus-gaap--PartnersCapitalAccountUnitsUnitbasedCompensation_uShares_c20180101__20180111__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2017Member_z3ZXSA006ugb">91,336 </span>restricted common units, which were issued on January 11, 2018, to its directors and officers, which are based solely on service conditions and vest over four years. The fair value of the restricted common units was determined by reference to the quoted common unit price on the date of grant. Compensation expense, net of estimated forfeitures, is recognized when it is probable that the performance criteria will be met based on a graded expense model over the vesting period. Navios Partners also issued <span id="xdx_90E_eus-gaap--PartnersCapitalAccountUnitsUnitbasedCompensation_uShares_c20180101__20180111__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2017Member_zzZwvt8KoOU6">1,864 </span>general partnership units to its general partner for net proceeds of $<span id="xdx_90C_eus-gaap--ProceedsFromPartnershipContribution_pn3n3_c20180101__20180111__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2017Member_zmaEIjiLTue">64</span>. The effect of compensation expense arising from the restricted common units described above amounted to $<span id="xdx_903_eus-gaap--ShareBasedCompensation_pn3n3_c20200101__20201231__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2017Member_zOkldVN0eD6k">447</span>, $<span id="xdx_90E_eus-gaap--ShareBasedCompensation_pn3n3_c20190101__20191231__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2017Member_zNJVj8QKndr7">833</span> and $<span id="xdx_904_eus-gaap--ShareBasedCompensation_pn3n3_c20180101__20181231__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedDecember2017Member_zQ4iYD3sFq4h">1,600 </span>for the years ended December 31, 2020, 2019 and 2018, respectively, and was presented under the caption “General and administrative expenses” in the Consolidated Statements of Operations. There were no restricted common units exercised, forfeited or expired during each of the years ended December 31, 2020, 2019 and 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The effect of compensation expense arising from the restricted common units granted in December 2016, amounted to $<span id="xdx_903_eus-gaap--ShareBasedCompensation_pn3n3_c20190101__20191231__srt--TitleOfIndividualAxis__custom--DirectorsAndOrOfficersMember__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__srt--StatementScenarioAxis__custom--AuthorizedJanuary2017Member_zysRb1Uny7Qd">325</span> for the year ended December 31, 2019 and was presented under the caption “General and administrative expenses” in the Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of December 31, 2020, the estimated compensation cost relating to service conditions of non-vested restricted common units granted in 2017, 2018 and 2019 not yet recognized was $<span id="xdx_90E_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions_iI_pn3n3_c20201231_zVNoz40K2I17" title="Compensation cost of non-vested restricted common units not yet recognized">579</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Restricted common units outstanding and not vested were <span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iI_uShares_c20201231_zksEoKHj4259">92,699</span> units, on a split adjusted basis, as of December 31, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On February 21, 2018, Navios Partners completed a public offering of <span id="xdx_902_eus-gaap--PartnersCapitalAccountUnitsAcquisitions_uShares_c20180101__20180221__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zfvYZXcu68J8">1,228,133</span> on a split adjusted basis common units at $<span id="xdx_906_eus-gaap--SharesIssuedPricePerShare_iI_uUSDPShares_c20180221__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zZTN25arO1Lb" title="Unit price">28.50</span> per unit and raised gross proceeds of approximately $<span id="xdx_90C_eus-gaap--ProceedsFromIssuanceOfCommonLimitedPartnersUnits_pn3n3_c20180101__20180221__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zW4pLiaRWIsh" title="Proceeds from issuance of Common Limited partners units">35,002</span>. The net proceeds of this offering, including the underwriting discount and the offering costs of $<span id="xdx_909_eus-gaap--OfferingCostsPartnershipInterests_iI_pn3n3_c20180221__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zynJ8xNLvyH4" title="Offering costs">1,629</span> in total, were approximately $<span id="xdx_907_eus-gaap--PartnersCapitalAccountPublicSaleOfUnitsNetOfOfferingCosts_pn3n3_c20180101__20180221__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_z1RM1SCNbR7j" title="Proceeds from issuance of common units, net of offering costs">33,373</span>. Pursuant to this offering, Navios Partners issued <span id="xdx_90D_ecustom--GeneralPartnersCapitalAccountUnitsSaleOfUnits_uShares_c20180101__20181231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember_zWszNQCM8t6j" title="General Partner's capital account units sold in public offering">25,064</span> general partnership units to its general partner. The net proceeds from the issuance of the general partnership units were $<span id="xdx_900_eus-gaap--ProceedsFromPartnershipContribution_pn3n3_c20180101__20181231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember_zFPLzbi5ZBMh">714</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of December 31, 2020, Navios Holdings owned <span id="xdx_90E_eus-gaap--LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_c20200101__20201231__srt--OwnershipAxis__custom--NaviosHoldingsIMember_znZcQKhn0jzk" title="Ownership percentage of Navios Holdings">18.2%</span> common unit interest in Navios Partners and the General Partner owned <span id="xdx_902_eus-gaap--LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_uPure_c20200101__20201231__srt--OwnershipAxis__custom--OlymposMaritimeLtdMember_zOJlEFI5SI5" title="Navios Holdings' general partner interest in Navios Partners">2.1%</span> general partner interest in Navios Partners.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"/> 25000000 357508 2231000 7298 47000 1-for-15 50000000 312952 4499000 4000 35000 0 25396 518 8000 116000 190000 97633 1993 27000 348000 669000 20000 91336 1864 64000 447000 833000 1600000 325000 579000 92699 1228133 28.50 35002000 1629000 33373000 25064 714000 0.182 0.021 <p id="xdx_804_eus-gaap--SegmentReportingDisclosureTextBlock_zZnHaGUmNfYk" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 13 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>SEGMENT INFORMATION</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_829_zuw85pnYmMJ5" style="display: none">Segment information</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Navios Partners reports financial information and evaluates its operations by charter revenues. Navios Partners does not use discrete financial information to evaluate operating results for each type of charter or by sector. As a result, management reviews operating results solely by revenue per day and operating results of the fleet and thus Navios Partners has determined that it operates under one reportable segment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The following table sets out operating revenue by geographic region for Navios Partners' reportable segment. Revenue is allocated on the basis of the geographic region in which the customer is located. Drybulk and containerships operate worldwide. Revenues from specific geographic region, which contribute over 10% of total revenue, are disclosed separately.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Revenue by Geographic Region </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Vessels operate on a worldwide basis and are not restricted to specific locations. Accordingly, it is not possible to allocate the assets of these operations to specific countries.</p> <p id="xdx_894_eus-gaap--ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock_zJVG6GTwDva3" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> <span id="xdx_8BC_zjVjWp6u9iSg" style="display: none">Segment Information - Revenue by Geographic Region</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b><br/> <b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b><br/> <b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b><br/> <b>December 31,</b><br/> <b>2018</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Asia</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98D_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementGeographicalAxis__srt--AsiaMember_zgiNw4byNE58" style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">136,515</span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98F_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementGeographicalAxis__srt--AsiaMember_zZrVJRJbkIml" style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">119,344</span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementGeographicalAxis__srt--AsiaMember_zEPQDuQO49f3" style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">120,660</span></td> <td style="width: 2%"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Europe</span></td> <td> </td> <td id="xdx_985_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementGeographicalAxis__srt--EuropeMember_zvSJuDaSKmMl" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">71,531</span></td> <td> </td> <td> </td> <td id="xdx_984_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementGeographicalAxis__srt--EuropeMember_zIxKEVjvFy87" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">95,542</span></td> <td> </td> <td> </td> <td id="xdx_985_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementGeographicalAxis__srt--EuropeMember_z816tOI5l9Te" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">86,633</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">North America</span></td> <td> </td> <td id="xdx_98D_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementGeographicalAxis__srt--NorthAmericaMember_z7iZ9sTnpX38" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">18,576</span></td> <td> </td> <td> </td> <td id="xdx_98F_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementGeographicalAxis__srt--NorthAmericaMember_z92GVgkSpY55" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,118</span></td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementGeographicalAxis__srt--NorthAmericaMember_ztiACqJF039l" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">17,862</span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Australia</span></td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98D_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementGeographicalAxis__country--AU_zuK8dzsSyfv9" style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">149</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98C_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementGeographicalAxis__country--AU_zpvMX10Y0n82" style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,375</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_984_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementGeographicalAxis__country--AU_zF8u0RMmXDH" style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,206</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_984_eus-gaap--Revenues_pn3n3_c20200101__20201231_zUoq4XDeXmh3" style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>226,771</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_985_eus-gaap--Revenues_pn3n3_c20190101__20191231_z9BGPP8wuuj2" style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>219,379</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_988_eus-gaap--Revenues_pn3n3_c20180101__20181231_zzIq1N8BtOz5" style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>231,361</b></span></td> <td> </td></tr> </table> <p id="xdx_8A1_zKS2INZ19eSe" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p id="xdx_894_eus-gaap--ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock_zJVG6GTwDva3" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> <span id="xdx_8BC_zjVjWp6u9iSg" style="display: none">Segment Information - Revenue by Geographic Region</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b><br/> <b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b><br/> <b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b><br/> <b>December 31,</b><br/> <b>2018</b></span></td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Asia</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98D_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementGeographicalAxis__srt--AsiaMember_zgiNw4byNE58" style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">136,515</span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98F_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementGeographicalAxis__srt--AsiaMember_zZrVJRJbkIml" style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">119,344</span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_981_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementGeographicalAxis__srt--AsiaMember_zEPQDuQO49f3" style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">120,660</span></td> <td style="width: 2%"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Europe</span></td> <td> </td> <td id="xdx_985_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementGeographicalAxis__srt--EuropeMember_zvSJuDaSKmMl" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">71,531</span></td> <td> </td> <td> </td> <td id="xdx_984_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementGeographicalAxis__srt--EuropeMember_zIxKEVjvFy87" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">95,542</span></td> <td> </td> <td> </td> <td id="xdx_985_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementGeographicalAxis__srt--EuropeMember_z816tOI5l9Te" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">86,633</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">North America</span></td> <td> </td> <td id="xdx_98D_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementGeographicalAxis__srt--NorthAmericaMember_z7iZ9sTnpX38" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">18,576</span></td> <td> </td> <td> </td> <td id="xdx_98F_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementGeographicalAxis__srt--NorthAmericaMember_z92GVgkSpY55" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,118</span></td> <td> </td> <td> </td> <td id="xdx_986_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementGeographicalAxis__srt--NorthAmericaMember_ztiACqJF039l" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">17,862</span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Australia</span></td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98D_eus-gaap--Revenues_pn3n3_c20200101__20201231__srt--StatementGeographicalAxis__country--AU_zuK8dzsSyfv9" style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">149</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_98C_eus-gaap--Revenues_pn3n3_c20190101__20191231__srt--StatementGeographicalAxis__country--AU_zpvMX10Y0n82" style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">1,375</span></td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td id="xdx_984_eus-gaap--Revenues_pn3n3_c20180101__20181231__srt--StatementGeographicalAxis__country--AU_zF8u0RMmXDH" style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,206</span></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_984_eus-gaap--Revenues_pn3n3_c20200101__20201231_zUoq4XDeXmh3" style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>226,771</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_985_eus-gaap--Revenues_pn3n3_c20190101__20191231_z9BGPP8wuuj2" style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>219,379</b></span></td> <td> </td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td id="xdx_988_eus-gaap--Revenues_pn3n3_c20180101__20181231_zzIq1N8BtOz5" style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>231,361</b></span></td> <td> </td></tr> </table> 136515000 119344000 120660000 71531000 95542000 86633000 18576000 3118000 17862000 149000 1375000 6206000 226771000 219379000 231361000 <p id="xdx_80E_eus-gaap--IncomeTaxDisclosureTextBlock_z3EFdcwMGar3" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 14 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>INCOME TAXES </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_82B_zc9V1JNaDhyh" style="display: none">Income taxes</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Marshall Islands, Malta and Liberia do not impose a tax on international shipping income. Under the laws of Marshall Islands, Malta and Liberia, the countries of the vessel-owning subsidiaries' incorporation and vessels' registration, the vessel-owning subsidiaries are subject to registration and tonnage taxes, which have been included in vessel operating expenses in the accompanying Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In accordance with the currently applicable Greek law, foreign flagged vessels that are managed by Greek or foreign ship management companies having established an office in Greece are subject to duties towards the Greek state, which are calculated on the basis of the relevant vessel's tonnage. The payment of said duties exhausts the tax liability of the foreign ship owning company and the relevant manager against any tax, duty, charge or contribution payable on income from the exploitation of the foreign flagged vessel.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Pursuant to Section 883 of the Internal Revenue Code of the United States, U.S. source income from the international operation of ships is generally exempt from U.S. income tax if the company operating the ships meets certain incorporation and ownership requirements. Among other things, in order to qualify for this exemption, the company operating the ships must be incorporated in a country, which grants an equivalent exemption from income taxes to U.S. corporations. All the vessel-owning subsidiaries satisfy these initial criteria.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In addition, these companies must meet an ownership test. The management of Navios Partners believes that this ownership test was satisfied prior to the IPO by virtue of a special rule applicable to situations where the ship operating companies are beneficially owned by a publicly traded company. Although not free from doubt, management also believes that the ownership test will be satisfied based on the trading volume and ownership of Navios Partners' units, but no assurance can be given that this will remain so in the future.</p> <p id="xdx_806_eus-gaap--CommitmentsAndContingenciesDisclosureTextBlock_zvuOSN6mQ1vd" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 15 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>COMMITMENTS AND CONTINGENCIES</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_82E_zDsns8SSDmqc">Commitments and Contingencies</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Navios Partners is involved in various disputes and arbitration proceedings arising in the ordinary course of business. Provisions have been recognized in the financial statements for all such proceedings where Navios Partners believes that a liability may be probable, and for which the amounts are reasonably estimable, based upon facts known at the date the financial statements were prepared. Management believes the ultimate disposition of these matters will be immaterial individually and in the aggregate to Navios Partners' financial position, results of operations or liquidity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In November 2017, Navios Partners agreed to charter-in, under a ten-year bareboat contract, from an unrelated third party, the Navios Libra, a newbuilding Panamax vessel of <span id="xdx_909_ecustom--VesselCapacity_uPure_c20170101__20171130__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember_zLjHpmsiKoye">82,011</span> dwt, delivered on <span id="xdx_909_eus-gaap--BusinessAcquisitionDateOfAcquisitionAgreement1_dd_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember_zwKmYuLzwsz3">July 24, 2019</span>. Navios Partners had agreed to pay in total $<span id="xdx_905_eus-gaap--IncreaseDecreaseInDepositsOutstanding_pn3n3_c20170101__20171130__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember_zU0q0UjoIfSc" title="Deposits for vessels acquisitions">5,540</span>, representing a deposit for the option to acquire the vessel after the end of the fourth year, of which the first half amounted to $<span id="xdx_90A_eus-gaap--OtherAssetsNoncurrent_iI_pn3n3_c20171231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember_zPpmEFYlEOTj">2,770</span> was paid during the year ended December 31, 2017 and the second half amounted to $<span id="xdx_906_eus-gaap--OtherAssetsNoncurrent_iI_pn3n3_c20181231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember_zpqIwfFApkkh">2,770</span> was paid during the year ended December 31, 2018. As of December 31, 2020, the total amount of <span id="xdx_906_eus-gaap--OtherAssetsNoncurrent_iI_pn3n3_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember_z2NZGtbKM7D8">$6,650</span>, including refundable upon vessel’s redelivery expenses, is presented under the caption “Other long-term assets” in the Consolidated Balance Sheets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On <span id="xdx_90D_ecustom--CharterInAgreementDateOfAgreement_dd_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsIIMember_zMFTmj3XYOMh">October 18, 2019</span>, Navios Partners agreed to charter-in <span id="xdx_904_ecustom--NumberOfVessels_iI_dc_uPure_c20191018__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsIIMember_zjIl3S6n6Xth">two</span> newbuilding Panamax vessels. Each vessel has approximately <span id="xdx_908_ecustom--VesselCapacity_uPure_c20190101__20191018__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsIIMember_zAGbBHHgOWSl">81,000</span> dwt and is being bareboat chartered-in for ten years. Navios Partners has the option to acquire the vessels after the end of the fourth year for the remaining period of the bareboat charter. Navios Partners has agreed to pay in total $<span id="xdx_90B_eus-gaap--IncreaseDecreaseInDepositsOutstanding_pn3n3_c20190101__20191018__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsIIMember_zh69UZ3lKQy">12,328</span>, representing a deposit for the option to acquire the vessels after the end of the fourth year, of which $<span id="xdx_909_eus-gaap--PaymentsToAcquirePropertyPlantAndEquipment_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsIIMember_zvZdSUl4YAya">1,434</span> was paid during the year ended December 31, 2019, $<span id="xdx_901_eus-gaap--PaymentsToAcquirePropertyPlantAndEquipment_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsIIMember_zTyBul2wBsL4">10,034</span> was paid during the year ended December 31, 2020, and the remaining amount of $<span id="xdx_907_eus-gaap--ContractualObligation_iI_pn3n3_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsIIMember_zIG9KFI6siW7">860</span> will be paid upon the delivery of the vessels. As of December 31, 2020, the total amount of $<span id="xdx_90E_eus-gaap--OtherAssetsNoncurrent_iI_pn3n3_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsIIMember_zh2KsbHAtNS2">12,200</span>, including expenses, is presented under the caption “Other long-term assets” in the Consolidated Balance Sheets. The vessels are expected to be delivered by the <span id="xdx_909_ecustom--DateExpectedDelivery_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsIIMember_zx4Jsnt2LCX4">first half of 2021</span>.</p> <p id="xdx_890_esrt--ContractualObligationFiscalYearMaturityScheduleTableTextBlock_z5cI5FlgOb35" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">As of December 31, 2020, the Company's future minimum lease commitments under the Company's charter-in contracts, are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt"><span id="xdx_8B3_zVQh86OZB935" style="display: none">Commitments and Contingencies - Future minimum contractual obligations</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 85%; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Year</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td id="xdx_49F_20201231_zf4fuTyZOayh" style="border-bottom: black 1pt solid; width: 13%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Amount</b> </span></td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td></tr> <tr id="xdx_40E_eus-gaap--ContractualObligationDueInNextTwelveMonths_iI_pn3n3_maCOz8YT_zoAjyi72GZdi" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,525</span></td> <td> </td></tr> <tr id="xdx_40E_eus-gaap--ContractualObligationDueInSecondYear_iI_pn3n3_maCOz8YT_z4I6PliI2Jqc" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,629</span></td> <td> </td></tr> <tr id="xdx_40A_eus-gaap--ContractualObligationDueInThirdYear_iI_pn3n3_maCOz8YT_zcJeC2iMMl29" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,577</span></td> <td> </td></tr> <tr id="xdx_40B_eus-gaap--ContractualObligationDueInFourthYear_iI_pn3n3_maCOz8YT_z2skVZ6h4rC7" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,496</span></td> <td> </td></tr> <tr id="xdx_40E_eus-gaap--ContractualObligationDueInFifthYear_iI_pn3n3_maCOz8YT_z0MFRbBf4Xad" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2025</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,388</span></td> <td> </td></tr> <tr id="xdx_40B_eus-gaap--ContractualObligationDueAfterFifthYear_iI_pn3n3_maCOz8YT_z3mYpEozpTLj" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2026 and thereafter</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">30,184</span></td> <td style="border-bottom: black 1pt solid"> </td></tr> <tr id="xdx_403_eus-gaap--ContractualObligation_iTI_pn3n3_mtCOz8YT_zdClWOIO8YZ8" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>60,799</b></span></td> <td style="border-bottom: black 2.25pt double"> </td></tr> </table> <p id="xdx_8A5_zOUmeKd4io75" style="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"/> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"/> 82011 2019-07-24 5540000 2770000 2770000 6650000 2019-10-18 2 81000 12328000 1434000 10034000 860000 12200000 first half of 2021 <p id="xdx_890_esrt--ContractualObligationFiscalYearMaturityScheduleTableTextBlock_z5cI5FlgOb35" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt">As of December 31, 2020, the Company's future minimum lease commitments under the Company's charter-in contracts, are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt"><span id="xdx_8B3_zVQh86OZB935" style="display: none">Commitments and Contingencies - Future minimum contractual obligations</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 85%; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Year</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td id="xdx_49F_20201231_zf4fuTyZOayh" style="border-bottom: black 1pt solid; width: 13%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Amount</b> </span></td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td></tr> <tr id="xdx_40E_eus-gaap--ContractualObligationDueInNextTwelveMonths_iI_pn3n3_maCOz8YT_zoAjyi72GZdi" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">4,525</span></td> <td> </td></tr> <tr id="xdx_40E_eus-gaap--ContractualObligationDueInSecondYear_iI_pn3n3_maCOz8YT_z4I6PliI2Jqc" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,629</span></td> <td> </td></tr> <tr id="xdx_40A_eus-gaap--ContractualObligationDueInThirdYear_iI_pn3n3_maCOz8YT_zcJeC2iMMl29" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,577</span></td> <td> </td></tr> <tr id="xdx_40B_eus-gaap--ContractualObligationDueInFourthYear_iI_pn3n3_maCOz8YT_z2skVZ6h4rC7" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,496</span></td> <td> </td></tr> <tr id="xdx_40E_eus-gaap--ContractualObligationDueInFifthYear_iI_pn3n3_maCOz8YT_z0MFRbBf4Xad" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2025</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">6,388</span></td> <td> </td></tr> <tr id="xdx_40B_eus-gaap--ContractualObligationDueAfterFifthYear_iI_pn3n3_maCOz8YT_z3mYpEozpTLj" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2026 and thereafter</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">30,184</span></td> <td style="border-bottom: black 1pt solid"> </td></tr> <tr id="xdx_403_eus-gaap--ContractualObligation_iTI_pn3n3_mtCOz8YT_zdClWOIO8YZ8" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>60,799</b></span></td> <td style="border-bottom: black 2.25pt double"> </td></tr> </table> 4525000 6629000 6577000 6496000 6388000 30184000 60799000 <p id="xdx_80B_eus-gaap--LeasesOfLessorDisclosureTextBlock_zJTkF5RCJMcj" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 16 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>FUTURE MINIMUM CONTRACTUAL REVENUE</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_82B_zALLItD0lwvh">Future minimum contractual revenue </span></b></span></p> <p id="xdx_892_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_zP06G11jSgRg" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The future minimum contractual lease income (charter-out rates are presented net of commissions and assume no off-hires days) as of December 31, 2020, is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8BC_zxjdG42LXff3" style="display: none">Future Minimum Contractual revenue - Operating lease, Payments to be received</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 82%; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Year</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td id="xdx_49F_20201231_z37SpU1qw1Eh" style="border-bottom: black 1pt solid; width: 15%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Amount</b> </span></td> <td style="border-bottom: black 1pt solid; width: 2%; text-align: center"> </td></tr> <tr id="xdx_40D_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableCurrent_iI_pn3n3_maOLFMPzyFB_zBe0Om1Qtvv9" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">115,671</span></td> <td> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_iI_pn3n3_maOLFMPzyFB_zuGzhKNnoKCc" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">75,451</span></td> <td> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_iI_pn3n3_maOLFMPzyFB_zVV4h78cUKHl" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">55,123</span></td> <td> </td></tr> <tr id="xdx_402_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_iI_pn3n3_maOLFMPzyFB_zBmiGUE2QRKe" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">38,582</span></td> <td> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableThereafter_iI_pn3n3_maOLFMPzyFB_zto3ORkH83p2" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2025 and thereafter</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">151,734</span></td> <td style="border-bottom: black 1pt solid"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivable_iTI_pn3n3_mtOLFMPzyFB_z3n1ZZArIVNi" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>436,561</b></span></td> <td style="border-bottom: black 2.25pt double"> </td></tr> </table> <p id="xdx_8AB_zAZM7ONWIofi" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b> </b></span></p> <p id="xdx_892_eus-gaap--LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_zP06G11jSgRg" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The future minimum contractual lease income (charter-out rates are presented net of commissions and assume no off-hires days) as of December 31, 2020, is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8BC_zxjdG42LXff3" style="display: none">Future Minimum Contractual revenue - Operating lease, Payments to be received</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 82%; padding-left: 7.2pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Year</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td id="xdx_49F_20201231_z37SpU1qw1Eh" style="border-bottom: black 1pt solid; width: 15%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Amount</b> </span></td> <td style="border-bottom: black 1pt solid; width: 2%; text-align: center"> </td></tr> <tr id="xdx_40D_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableCurrent_iI_pn3n3_maOLFMPzyFB_zBe0Om1Qtvv9" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2021</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">115,671</span></td> <td> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_iI_pn3n3_maOLFMPzyFB_zuGzhKNnoKCc" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2022</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">75,451</span></td> <td> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_iI_pn3n3_maOLFMPzyFB_zVV4h78cUKHl" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2023</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">55,123</span></td> <td> </td></tr> <tr id="xdx_402_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_iI_pn3n3_maOLFMPzyFB_zBmiGUE2QRKe" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2024</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">38,582</span></td> <td> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivableThereafter_iI_pn3n3_maOLFMPzyFB_zto3ORkH83p2" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">2025 and thereafter</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">151,734</span></td> <td style="border-bottom: black 1pt solid"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeasesFutureMinimumPaymentsReceivable_iTI_pn3n3_mtOLFMPzyFB_z3n1ZZArIVNi" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>436,561</b></span></td> <td style="border-bottom: black 2.25pt double"> </td></tr> </table> 115671000 75451000 55123000 38582000 151734000 436561000 <p id="xdx_80D_eus-gaap--RelatedPartyTransactionsDisclosureTextBlock_zA4xXfzDmS7b" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 17 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>TRANSACTIONS WITH RELATED PARTIES AND AFFILIATES</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_82D_z5SWH8MvuW41" style="display: none">Transactions with related parties</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Vessel operating expenses (management fees):</b> Pursuant to the amended management agreement, in each of October 2013, August 2014, February 2015, February 2016 and November 2017 (the “Management Agreement”), the Manager, provided commercial and technical management services to Navios Partners’ vessels for a daily fee (excluding drydocking expenses, which were reimbursed at cost by Navios Partners) of: (a) $<span id="xdx_905_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--UltraHandymaxVesselsMember_zRwVhyii4UGe">4.23</span> daily rate per Ultra-Handymax vessel; (b) $<span id="xdx_906_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember_zzg6uQF26zX2">4.33</span> daily rate per Panamax vessel; (c) $<span id="xdx_90B_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CapesizeVesselsMember_zzMXVBivKQ5g">5.25</span> daily rate per Capesize vessel; (d) $<span id="xdx_902_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselOfSixThousandEightHundedTwentyFootEquivalentUnitsMember_ziasXgkMyFGh">6.70</span> daily rate per Containership of TEU 6,800; (e) $<span id="xdx_90D_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselMoreThanEightThousandTwentyFootEquivalentUnitsMember_zHIS1wwM84sl">7.40</span> daily rate per Containership of more than TEU 8,000 and (f) $<span id="xdx_90A_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselMoreThanThirteenThousandTwentyFootEquivalentUnitsMember_zlYOZUXf3R68">8.75</span> daily rate per very large Containership of more than TEU 13,000 through December 2019. These fixed daily fees cover the vessels’ operating expenses, other than certain extraordinary fees and costs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In August 2019, Navios Partners extended the duration of its Management Agreement with the Manager until January 1, 2025. In addition, management fees are fixed for two years commencing from January 1, 2020 at: (a) $<span id="xdx_903_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--UltraHandymaxVesselsMember__srt--StatementScenarioAxis__custom--FromJanuary12020Member_zojbNGTAzwPd">4.35</span> daily per Ultra-Handymax Vessel; (b) $<span id="xdx_90E_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember__srt--StatementScenarioAxis__custom--FromJanuary12020Member_z7pFRHoq3bMe">4.45</span> daily per Panamax Vessel; (c) $<span id="xdx_90A_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CapesizeVesselsMember__srt--StatementScenarioAxis__custom--FromJanuary12020Member_zZOJ7J9KsYBc">5.41</span> daily per Capesize Vessel; and (d) $<span id="xdx_90F_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselOfSixThousandEightHundedTwentyFootEquivalentUnitsMember__srt--StatementScenarioAxis__custom--FromJanuary12020Member_zvYJLmmYf9Pd">6.90</span> daily per 6,800 TEU Containership. The agreement also provides for a technical and commercial management fee of $<span id="xdx_904_ecustom--TechnicalAndCommercialManagementDailyFee_pin3_uUSD_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__srt--StatementScenarioAxis__custom--FromJanuary12020Member_zW0r1yt6kVKg">0.05</span> per day per vessel and an annual increase of <span id="xdx_904_ecustom--AnnualGrowthFactorManagementFees_dp_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__srt--StatementScenarioAxis__custom--AfterLiquidationOfNaviosEuropeIMember_z7V1Iw7fEBvf">3%</span> after January 1, 2022 unless agreed otherwise.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Following the liquidation of Navios Europe I, Navios Partners acquired <span id="xdx_906_ecustom--NumberOfVesselsAcquired_iI_pip0_dc_uPure_c20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__srt--StatementScenarioAxis__custom--AfterLiquidationOfNaviosEuropeIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SubpanamaxContainershipMember_zVdrOC4Qy9me">three</span> Sub-Panamax and <span id="xdx_905_ecustom--NumberOfVesselsAcquired_iI_pip0_dc_uPure_c20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__srt--StatementScenarioAxis__custom--AfterLiquidationOfNaviosEuropeIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PanamaxVesselsMember_zlnKivazVPlg">two</span> Panamax Containerships. As per the Management Agreement, as amended in December 2019, management fees are fixed for two years commencing from January 1, 2020 at $<span id="xdx_904_ecustom--ManagementFeeDailyRateExpense_pp0n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__srt--StatementScenarioAxis__custom--AfterLiquidationOfNaviosEuropeIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SubpanamaxContainershipMember_zccTGFfHV1oe">6.1</span> daily per Sub-Panamax/Panamax Containership. The agreement also provides for a technical and commercial management fee of $<span id="xdx_902_ecustom--TechnicalAndCommercialManagementDailyFee_pin3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember__srt--StatementScenarioAxis__custom--AfterLiquidationOfNaviosEuropeIMember_zIzVbkChN3pe">0.05</span> per day per vessel and an annual increase of <span id="xdx_90C_ecustom--AnnualGrowthFactorManagementFees_dp_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ExtendedManagementAgreementMember__srt--StatementScenarioAxis__custom--AfterJanuary12022Member_zYA1U71Tilqa">3%</span> after January 1, 2022 for the remaining period unless agreed otherwise.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Drydocking expenses are reimbursed at cost for all vessels.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">During the years ended December 31, 2020 and 2019 certain extraordinary fees and costs related to regulatory requirements, including ballast water treatment system installation and exhaust gas cleaning system installation under Company's Management Agreement, amounted to $<span id="xdx_90F_eus-gaap--PaymentsToAcquireWaterAndWasteWaterSystems_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember_z7iUFElT5Yo8" title="Payments to Acquire Water and Waste Water Systems">3,366</span> and $<span id="xdx_90E_eus-gaap--PaymentsToAcquireWaterAndWasteWaterSystems_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionAxis__custom--ManagementAgreementMember_zkzjesWhFZw1" title="Payments to Acquire Water and Waste Water Systems">16,313</span>, respectively, and are presented under the caption “Acquisition of/ additions to vessels and favorable lease terms, net of cash acquired” in the Consolidated Statements of Cash Flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Total vessel operating expenses for each of the years ended December 31, 2020, 2019 and 2018 amounted to $<span id="xdx_906_eus-gaap--ProfessionalAndContractServicesExpense_pn3n3_c20200101__20201231_zYwzTLpaFtw4" title="Vessel operating expenses">93,732</span>, $<span id="xdx_900_eus-gaap--ProfessionalAndContractServicesExpense_pn3n3_c20190101__20191231_zXHLavPZTho6" title="Vessel operating expenses">68,188</span> and $<span id="xdx_90D_eus-gaap--ProfessionalAndContractServicesExpense_pn3n3_c20180101__20181231_zZmOdL68XeY7" title="Vessel operating expenses">68,871</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>General and administrative expenses:</b> Pursuant to the Administrative Services Agreement, the Manager also provides administrative services to Navios Partners, which include bookkeeping, audit and accounting services, legal and insurance services, administrative and clerical services, banking and financial services, advisory services, client and investor relations and other. The Manager is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. Navios Partners extended the duration of its existing Administrative Services Agreement with the Manager, until December 31, 2022. In August 2019, Navios Partners extended the duration of its existing administrative services agreement with the Manager until January 1, 2025, which provide for allocable general and administrative costs.</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-right: 0; margin-left: 24.4pt">Total general and administrative expenses charged by the Manager for each of the years ended December 31, 2020, 2019 and 2018 amounted to $<span id="xdx_902_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember_zozRH8GRFw55">13,708</span>, $<span id="xdx_90E_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember_zbFGQQ6XNsWl">10,406</span> and $<span id="xdx_904_eus-gaap--GeneralAndAdministrativeExpense_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember_zGOSQkMDbkt8">9,344</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.4pt; text-align: justify"><b>Balance due from related parties (excluding Navios Europe II):</b> Balance due from related parties as of December 31, 2020 and December 31, 2019 amounted to $<span id="xdx_90C_eus-gaap--DueFromRelatedParties_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember_zpxvn3xb5dL8">5,000</span> and $<span id="xdx_90F_eus-gaap--DueFromRelatedParties_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember_zuofz8cl3ml6">25,582</span>, respectively, of which for the year ended December 31, 2019, the current receivable was $<span id="xdx_909_eus-gaap--DueFromRelatedPartiesCurrent_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember_zGwNU29MmK8d">11,825</span> and the long-term receivable was $<span id="xdx_902_eus-gaap--DueFromRelatedPartiesNoncurrent_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember_z0DyuRpzEdx3">13,757</span>. The balance as of December 31, 2020, consisted of the receivable from the Navios Holdings Guarantee of $<span id="xdx_900_eus-gaap--ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability_iI_pn3n3_c20201231__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zPWZ44HFThmc">5,000</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-bottom: 0; margin-left: 24.4pt"><b>Balance due to related parties:</b> Balance due to related parties, short-term as of December 31, 2020 and December 31, 2019 amounted to $<span id="xdx_90A_eus-gaap--DueToRelatedPartiesCurrent_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember_zpueFokl5N72">35,979</span> and $<span id="xdx_902_eus-gaap--DueToRelatedPartiesCurrent_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember_zUjvMi211WS6">0</span>, respectively, and mainly consisted of payables to the Manager.</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 24.4pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 24.4pt"><b>Balance due from Navios Europe I:</b> Navios Holdings, Navios Acquisition and Navios Partners had made available to Navios Europe I revolving loans up to $<span id="xdx_902_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20150218__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsAcquisitionPartnersMember__us-gaap--CreditFacilityAxis__custom--NaviosRevolvingLoans1Member__dei--LegalEntityAxis__custom--NaviosEurope1Member_z8dtywp5Nt4e">24,100</span> to fund working capital requirements (collectively, the "Navios Revolving Loans I"). In December 2018, the amount of funds available under the Navios Revolving Loans I was increased by $<span id="xdx_902_eus-gaap--LineOfCreditFacilityIncreaseDecreaseForPeriodNet_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsAcquisitionPartnersMember__us-gaap--CreditFacilityAxis__custom--NaviosRevolvingLoans1Member__dei--LegalEntityAxis__custom--NaviosEurope1Member_zs6qZNCi04gj" title="Increase in available amount of loan facility">30,000</span>. In February 2019, Navios Partners was required to fund the amount of $<span id="xdx_90E_eus-gaap--PaymentsToFundLongtermLoansToRelatedParties_pn3n3_c20190101__20190228__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosMaritimePartnersLpMember__us-gaap--CreditFacilityAxis__custom--NaviosRevolvingLoans1Member__dei--LegalEntityAxis__custom--NaviosEurope1Member_z6ocR5dfkmXa" title="Payments to fund long-term debt">4,000</span> under Navios Europe I's Revolving Loan (see Note 19 — Investment in Affiliates).</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 24.4pt">On November 22, 2019, an agreement was reached to liquidate Navios Europe I before its original expiring date. On November 26, 2019 a Share Purchase Agreement was entered between Navios Europe Inc. and Navios Maritime Operating LLC (a wholly owned subsidiary of Navios Partners). The transaction was completed on December 13, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 24.4pt">As a result of the Europe I Liquidation, Navios Partners acquired 100% of the stock of the <span id="xdx_900_ecustom--NumberOfVesselsAcquired_iI_dc_uPure_c20191213__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ThreeSubPanamaxAndTwoPanamaxContainershipsMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIMember_zejXQ0e0Y1ki" title="Number of vessels acquired">five</span> vessels owning Companies owning the containerships of Navios Europe I with a fair value of $<span id="xdx_90C_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20190101__20191213__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ThreeSubPanamaxAndTwoPanamaxContainershipsMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIMember_zAKDHo4lTdA4">56,083</span> and working capital balances of $<span id="xdx_907_ecustom--WorkingCapital_iI_pn3n3_c20191213__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope1Member__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FiveContainershipsMember__us-gaap--NonmonetaryTransactionTypeAxis__us-gaap--ReceiptOfAssetsInSatisfactionOfDebtMember_zdWBNX3E0qm" title="Working capital">14,440</span> including cash at banks of $<span id="xdx_90E_eus-gaap--CashAndDueFromBanks_iI_pn3n3_c20191213__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope1Member__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FiveContainershipsMember__us-gaap--NonmonetaryTransactionTypeAxis__us-gaap--ReceiptOfAssetsInSatisfactionOfDebtMember_zx4WLbpsBzx6">12,930</span>, in satisfaction of its receivable balances in the amount of : (i) approximately $<span id="xdx_900_eus-gaap--LineOfCredit_iI_pn3n3_c20191213__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope1Member__us-gaap--LongtermDebtTypeAxis__custom--NaviosRevolvingLoans1Member__us-gaap--NonmonetaryTransactionTypeAxis__us-gaap--ReceiptOfAssetsInSatisfactionOfDebtMember_zZqPAzjJupAl">19,016</span> representing the Revolving Loan, Term Loan and accrued interest thereof directly owned to Navios Partners, previously presented under the captions “Investments in affiliates”, “Due/to from related parties” and “Loans receivable from affiliates”; and (ii) approximately $<span id="xdx_903_eus-gaap--NotesReceivableRelatedParties_iI_pn3n3_c20191213__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope1Member__us-gaap--NonmonetaryTransactionTypeAxis__us-gaap--ReceiptOfAssetsInSatisfactionOfDebtMember_zWspSRgUkJJ4">34,227</span> representing the previously transferred rights of Navios Holdings to the Navios Europe I's Navios Term Loans I and Navios Revolving Loans I (including the respective accrued receivable interest), of which $<span id="xdx_905_eus-gaap--NotesAndLoansReceivableNetNoncurrent_iI_pn3n3_c20191213__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope1Member__us-gaap--NonmonetaryTransactionTypeAxis__us-gaap--ReceiptOfAssetsInSatisfactionOfDebtMember_zv0FSDmarHB" title="Notes receivable, non current">4,804</span> presented under “Note receivable from affiliates” and $<span id="xdx_908_ecustom--NoteReceivableEquityComponent_iI_pn3n3_c20191213__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope1Member__us-gaap--NonmonetaryTransactionTypeAxis__us-gaap--ReceiptOfAssetsInSatisfactionOfDebtMember_zVZL1ALNU6tf">29,423</span> presented contra equity. Furthermore, Navios Partners has assumed a $<span id="xdx_900_eus-gaap--NoncashOrPartNoncashAcquisitionDebtAssumed1_pn3n3_c20200101__20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope1Member__us-gaap--NonmonetaryTransactionTypeAxis__us-gaap--ReceiptOfAssetsInSatisfactionOfDebtMember_zDBk6pVcN5s">17,213</span> of Navios Europe I senior loan.</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 24.4pt"><span style="background-color: white">Following the liquidation of Navios Europe I, the balance due from Navios Europe I as of December 31, 2020 and 2019 was $<span id="xdx_909_eus-gaap--DueFromRelatedParties_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope1Member_zIeAvsNMIQM" title="Due from related parties"><span id="xdx_90B_eus-gaap--DueFromRelatedParties_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope1Member_zaXuRSxcPrZ4" title="Due from related parties">0</span></span>. </span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>Balance due from Navios Europe II:</b> Navios Holdings, Navios Acquisition and Navios Partners have made available to Navios Europe II revolving loans of up to $<span id="xdx_901_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20150218__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsAcquisitionPartnersMember__us-gaap--CreditFacilityAxis__custom--NaviosRevolvingLoans2Member__dei--LegalEntityAxis__custom--NaviosEurope2Member_zsEG5TflIqUe">43,500</span> to fund working capital requirements (collectively, the “Navios Revolving Loans II”). In March 2017, the availability under the Navios Revolving Loans II was increased by $<span id="xdx_906_eus-gaap--LineOfCreditFacilityIncreaseDecreaseForPeriodNet_pn3n3_c20170101__20170331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsAcquisitionPartnersMember__us-gaap--LongtermDebtTypeAxis__custom--NaviosRevolvingLoans2Member__dei--LegalEntityAxis__custom--NaviosEurope2Member_zsqIe923gWP3">14,000</span> (see Note 19 — Investment in Affiliates). </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On April 21, 2020, Navios Europe II agreed with the lender to fully release the liabilities under the junior participating loan facility for $<span id="xdx_908_eus-gaap--DebtInstrumentDecreaseForgiveness_pn3n3_c20200101__20200421__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsAcquisitionPartnersMember__us-gaap--LongtermDebtTypeAxis__custom--NaviosTermLoans2Member__dei--LegalEntityAxis__custom--NaviosEurope2Member_znYJSZclaZ0i">5,000</span>. Navios Europe II owned seven container vessels and seven dry bulk vessels. Navios Partners had a net receivable of approximately $<span id="xdx_904_eus-gaap--NotesReceivableRelatedParties_iI_pn3n3_c20200421__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsAcquisitionPartnersMember__us-gaap--LongtermDebtTypeAxis__custom--NaviosTermLoans2Member__dei--LegalEntityAxis__custom--NaviosEurope2Member_z507gnkx8c2j">17,276</span> from Navios Europe II.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of March 31, 2020, the decline in the fair value of the investment was considered as other-than-temporary and, therefore, an aggregate loss of $<span id="xdx_900_eus-gaap--EquityMethodInvestmentOtherThanTemporaryImpairment_pn3n3_c20200101__20201231_ztmT6DOUaLa2">6,900</span> was recognized and included in the accompanying Consolidated Statements of Operations for the year ended December 31, 2020, as “Impairment of receivable in affiliated company”. The fair value of the Company’s investment was determined based on the liquidation value of Navios Europe II, including the individual fair values assigned to the assets and liabilities of Navios Europe II.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On May 14, 2020, an agreement was reached to liquidate Navios Europe II before its original expiring date. The transaction was completed on June 29, 2020.</p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">As a result of the Europe II Liquidation, Navios Partners acquired 100% of the stock of the five vessels owning Companies owning the dry bulk vessels of Navios Europe II with a fair value of $<span id="xdx_908_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20190101__20190629__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FiveDrybulkVesselsThreePanamaxVesselsAndTwoUltraHandymaxVesselsMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zyRk7sd7WVsa">56,050</span> and working capital balances of $<span id="xdx_90C_ecustom--WorkingCapital_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIMember__us-gaap--NonmonetaryTransactionTypeAxis__us-gaap--ReceiptOfAssetsInSatisfactionOfDebtMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FiveContainershipsMember_z0BEIYakV8h6">(2,718)</span>. The acquisition was funded through a new credit facility (Note 10 </span>– <span style="font-family: Times New Roman, Times, Serif">Borrowings) and cash on hand for total of $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20201231__us-gaap--CreditFacilityAxis__custom--NewCreditFacilityIMember_zBFfk4kWb864">36,056</span> and the satisfaction of its receivable balances in the amount of approximately $<span id="xdx_905_eus-gaap--LineOfCredit_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope2Member__us-gaap--CreditFacilityAxis__custom--NaviosRevolvingLoansMember__us-gaap--NonmonetaryTransactionTypeAxis__us-gaap--ReceiptOfAssetsInSatisfactionOfDebtMember_z3zGWzbVvPDf">17,276</span> representing the Revolving Loan, Term Loan and accrued interest thereof directly owned to Navios Partners, previously presented under the captions “Amounts due from related parties” and “Loans receivable from affiliates”. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Following the liquidation of Navios Europe II, there was <span id="xdx_904_eus-gaap--DueFromRelatedParties_iI_pn3n3_do_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope2Member_ze1rPlNtqYs5">no</span> balance due from Navios Europe II as of December 31, 2020. As of December 31, 2019, Navios Partners’ portion of the outstanding amount relating to the portion of the investment in Navios Europe II (<span id="xdx_906_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope2Member_zackdeSWmZof">5.0%</span> of the $<span id="xdx_90B_eus-gaap--LongTermDebt_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope2Member__us-gaap--LongtermDebtTypeAxis__custom--NaviosRevolvingLoans2Member_zqu0OFibWzi6">14,000</span>) was $<span id="xdx_908_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope2Member_zqBybJMB6fql">700</span>, under the caption “Investment in affiliates” and the outstanding amount relating to the Navios Revolving Loans II capital was $<span id="xdx_90A_eus-gaap--LoansAndLeasesReceivableRelatedParties_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--NaviosRevolvingLoans2Member__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope2Member_zOqcM3mOpiJ3">15,397</span>, under the caption “Loans receivable from affiliates”. The accrued interest income earned under the Navios Revolving Loans II was $<span id="xdx_90A_eus-gaap--InterestReceivable_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--NaviosRevolvingLoans2Member__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope2Member_zug6YUkZVzjh">7,284</span> under the caption “Amounts due from related parties” and the accrued interest income earned under the Navios Term Loans II was $<span id="xdx_90C_eus-gaap--InterestReceivable_iI_pn3n3_c20201231__us-gaap--LongtermDebtTypeAxis__custom--NaviosTermLoans2Member__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEurope2Member_zqBuD3V1bntc">796</span> under the caption “Loans receivable from affiliates”.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Note receivable from affiliates: </b>On March 17, 2017, Navios Holdings transferred to Navios Partners its rights to the fixed <span id="xdx_900_ecustom--PreferredDistributionPercentage_dp_c20170101__20170317__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember_zlvLsIWEudWe" title="Preferred distribution percentage">12.7%</span> interest on the Navios Europe I Navios Term Loans I and Navios Revolving Loans I (including the respective accrued receivable interest) in the amount of $<span id="xdx_90F_eus-gaap--OtherSignificantNoncashTransactionValueOfConsiderationGiven1_pn3n3_c20170101__20170317__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember_zrDDgYpc5aC4">33,473</span>, which included a cash consideration of $<span id="xdx_90F_eus-gaap--PaymentsToAcquireNotesReceivable_pn3n3_c20170101__20170317__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember_zI70bHOgAqac">4,050</span> and <span id="xdx_90C_eus-gaap--NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1_c20170101__20170317__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zSNVIOoSmvP3">871,795</span> newly issued common units of Navios Partners, on a split adjusted basis. At the date of this transaction, the Company recognized a receivable at the fair value of its newly issued common units totaling $<span id="xdx_90B_ecustom--NoteReceivableEquityComponent_iI_pn3n3_c20170317_zfgYXP7B4Xu3">29,423</span> based on the closing price of $<span id="xdx_90C_eus-gaap--SharePrice_iI_c20170316__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zLiPomwowYmj">33.75</span> per unit as of March 16, 2017 given as consideration. The receivable relating to the consideration settled with the issuance of <span id="xdx_904_eus-gaap--NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1_c20170101__20170317__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zUn4Lqu16nFh">871,795</span> Navios Partners’ common units in the amount of $<span id="xdx_900_ecustom--NoteReceivableEquityComponent_iI_pn3n3_c20171231_zobJ8aSFrmg7">29,423</span> has been classified contra equity. The receivable from Navios Holdings was payable on maturity in December 2023. Interest would accrue through maturity and would be recognized within “Interest income” for the receivable relating to the cash consideration of $<span id="xdx_907_eus-gaap--PaymentsToAcquireNotesReceivable_pn3n3_c20170101__20171231_z84wX1cPExza">4,050</span>. On October 23, 2019, Navios Partners’ Conflicts Committee agreed to cancel an amortizing penalty from Navios Holdings of approximately $<span id="xdx_90A_ecustom--ContingentPenaltiesExpense_pn3n3_c20190101__20191231__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIMember_z9TPFaufSoOj">3,182</span> as of December 2019, due to early liquidation of the structure. Following the liquidation of Navios Europe I, the long-term note receivable from Navios Holdings amounted to $0.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Others:</b> Navios Partners has entered into an omnibus agreement with Navios Holdings (the “Partners Omnibus Agreement”) in connection with the closing of Navios Partners’ IPO governing, among other things, when Navios Holdings and Navios Partners may compete against each other as well as rights of first offer on certain drybulk carriers. Pursuant to the Partners Omnibus Agreement, Navios Partners generally agreed not to acquire or own Panamax or Capesize drybulk carriers under time charters of three or more years without the consent of an independent committee of Navios Partners. In addition, Navios Holdings has agreed to offer to Navios Partners the opportunity to purchase vessels from Navios Holdings when such vessels are fixed under time charters of three or more years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Navios Partners entered into an omnibus agreement with Navios Acquisition and Navios Holdings (the “Acquisition Omnibus Agreement”) in connection with the closing of Navios Acquisition’s initial vessel acquisition, pursuant to which, among other things, Navios Holdings and Navios Partners agreed not to acquire, charter-in or own liquid shipment vessels, except for containerships and vessels that are primarily employed in operations in South America, without the consent of an independent committee of Navios Acquisition. In addition, Navios Acquisition, under the Acquisition Omnibus Agreement, agreed to cause its subsidiaries not to acquire, own, operate or charter drybulk carriers subject to specific exceptions. Under the Acquisition Omnibus Agreement, Navios Acquisition and its subsidiaries granted to Navios Holdings and Navios Partners, a right of first offer on any proposed sale, transfer or other disposition of any of its drybulk carriers and related charters owned or acquired by Navios Acquisition. Likewise, Navios Holdings and Navios Partners agreed to grant a similar right of first offer to Navios Acquisition for any liquid shipment vessels it might own. These rights of first offer will not apply to a (i) sale, transfer or other disposition of vessels between any affiliated subsidiaries, or pursuant to the terms of any charter or other agreement with a counterparty, or (ii) merger with or into, or sale of substantially all of the assets to, an unaffiliated third party.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In connection with the Navios Maritime Midstream Partners L.P. (“Navios Midstream”) initial public offering effective November 18, 2014, Navios Partners entered into an omnibus agreement with Navios Midstream, Navios Acquisition and Navios Holdings pursuant to which Navios Acquisition, Navios Holdings and Navios Partners have agreed not to acquire or own any VLCCs, crude oil tankers, refined petroleum product tankers, LPG tankers or chemical tankers under time charters of five or more years and also providing rights of first offer on certain tanker vessels.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In connection with the Navios Containers private placement and listing on the Norwegian over-the-counter market effective June 8, 2017, Navios Partners entered into an omnibus agreement with Navios Containers, Navios Holdings, Navios Acquisition and Navios Midstream (the “Navios Containers Omnibus Agreement”), pursuant to which Navios Partners, Navios Holdings, Navios Acquisition and Navios Midstream have granted to Navios Containers a right of first refusal over any containerships to be sold or acquired in the future. The omnibus agreement contains significant exceptions that will allow Navios Partners, Navios Holdings, Navios Acquisition and Navios Midstream to compete with Navios Containers under specified circumstances.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Navios Holdings Guarantee:</b> On November 15, 2012 (as amended and supplemented in March 2014, December 2017 and July 2019), Navios Holdings and Navios Partners entered into into the Navios Holdings Guarantee by which Navios Holdings would provide supplemental credit default insurance with a maximum cash payment of $<span id="xdx_90E_ecustom--SupplementalCreditDefaultInsuranceMaximumCashPayment_pn3n3_c20120101__20121115__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_ziGS1SG3Vio7">20,000</span>.In October 2020, Navios Holdings paid an amount of $<span id="xdx_90F_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20200101__20201031__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsIIMember_z8NTU5SdRTL3">5,000</span> to Navios Partners. As of December 31, 2020 and 2019, the outstanding claim receivable amounted to $<span id="xdx_90E_eus-gaap--ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability_iI_pn3n3_c20201231__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zpm3uLhTLcP2" title="Outstanding claim payable">5,000</span> and $<span id="xdx_90A_eus-gaap--ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability_iI_pn3n3_c20191231__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zMWU6qh4QSG8" title="Outstanding claim payable">10,000</span>, respectively. The final settlement of the amount from Navios Holdings will take place at specific date, in accordance with a signed letter of agreement between the parties. The guarantee claim receivable is presented under the caption “Amounts due from related parties-short term” in the Consolidated Balance Sheets as of December 31, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>General partner</b>: In August 2019, Navios Holdings announced that it sold certain assets, including its ship management division and the general partnership interest in Navios Partners to N Shipmanagement Acquisition Corp. and related entities, affiliated with Navios Holdings’ Chairman and Chief Executive Officer, Angeliki Frangou.</p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>Acquisition of vessels</b>: On September 30, 2020, Navios Partners acquired the Navios Gem, a <span id="xdx_901_ecustom--VesselYearBuilt_c20200101__20200930__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGemMember_zJM0jcesPnVe">2014</span>-built <span id="xdx_909_ecustom--VesselType_c20200101__20200930__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGemMember_zGYnUEMDP0Ol">Capesize</span> vessel of <span id="xdx_905_ecustom--VesselCapacity_uPure_c20200101__20200930__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGemMember_zwGuYHpoUqbf">181,336</span> dwt and the Navios Victory, a <span id="xdx_90A_ecustom--VesselYearBuilt_c20200101__20200930__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosVictoryMember_zl9Q6ywJsvU1">2014</span>-built <span id="xdx_909_ecustom--VesselType_c20200101__20200930__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosVictoryMember_zUOBx0kqq4zk">Panamax</span> vessel of <span id="xdx_908_ecustom--VesselCapacity_uPure_c20200101__20200930__us-gaap--RelatedPartyTransactionAxis__custom--NaviosHoldingsIMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosVictoryMember_zxK498RvRW6f">77,095</span> dwt, from its affiliate, Navios Holdings, for a purchase price of $<span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20200101__20200930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGemNaviosVictoryMember_zqtDfbvuvlrg">51,000</span>, including working capital balances of $<span id="xdx_900_ecustom--WorkingCapital_iI_pn3n3_c20200930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGemNaviosVictoryMember_zOpKlY8sUBwb">(4,378)</span>. The acquisition was funded through a new credit facility of $<span id="xdx_904_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20200930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGemNaviosVictoryMember_zgEoVuzRfE11">33,000</span> (see Note 10 — Borrowings) and the balance of $<span id="xdx_90E_eus-gaap--LineOfCredit_iI_pn3n3_c20200930__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGemNaviosVictoryMember__srt--StatementScenarioAxis__custom--SellersCreditMember_zGeAgEvAgMe1">13,622</span> seller’s credit by Navios Holdings was repaid on October 2, 2020, presented under the caption “Payable to affiliated company” in the Consolidated Statements of Cash Flows.</span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On November 26, 2019, Navios Partners entered into a share purchase agreement for the acquisition of five containerships, following the liquidation of Navios Europe I. The vessels were acquired on December 13, 2019 (see Note 6 — Vessels, net). </span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On November 25, 2019, Navios Partners entered into a share purchase agreement for the acquisition of three Panamax and one Ultra-Handymax drybulk vessels from an entity affiliated with its Chairman and CEO for $<span id="xdx_90F_eus-gaap--NoncashOrPartNoncashAcquisitionDebtAssumed1_pn3n3_dp_c20190101__20191125__srt--StatementScenarioAxis__custom--SharePurchaseAgreementMember_zu7VwbBxZK7h">37,000</span> (plus working capital adjustment) in a transaction approved by the Conflicts Committee of the Board of Directors of Navios Partners. The vessels were acquired on December 13, 2019 (see Note 6 — Vessels, net). </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of December 31, 2020, Navios Holdings held an <span id="xdx_909_eus-gaap--LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_c20200101__20201231__srt--OwnershipAxis__custom--NaviosHoldingsIMember_znBXrxceYpG3">18.2%</span> common unit interest in Navios Partners, represented by <span id="xdx_906_eus-gaap--LimitedPartnersCapitalAccountUnitsOutstanding_iI_c20201231__srt--OwnershipAxis__custom--NaviosHoldingsIMember_zuK1tUhZyT4i">2,070,216</span> common units. Olympos Maritime Ltd. held a general partner interest of <span id="xdx_90B_eus-gaap--LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_uPure_c20200101__20201231__srt--OwnershipAxis__custom--OlymposMaritimeLtdMember_zDlMs9USjDtc">2.1%</span> represented by <span id="xdx_909_eus-gaap--GeneralPartnersCapitalAccountUnitsOutstanding_iI_pip0_uShares_c20201231_z4GFas3LqcIk">237,822</span> general partner units.</p> 4230 4330 5250 6700 7400 8750 4350 4450 5410 6900 50.00 0.03 3 2 6100 50.00 0.03 3366000 16313000 93732000 68188000 68871000 13708000 10406000 9344000 5000000 25582000 11825000 13757000 5000000 35979000 0 24100000 30000000 4000000 5 56083000 14440000 12930000 19016000 34227000 4804000 29423000 17213000 0 0 43500000 14000000 5000000 17276000 6900000 56050000 -2718000 36056000 17276000 0 0.050 14000000 700000 15397000 7284000 796000 0.127 33473000 4050000 871795 29423000 33.75 871795 29423000 4050000 3182000 20000000 5000000 5000000 10000000 2014 Capesize 181336 2014 Panamax 77095 51000000 -4378000 33000000 13622000 370000 0.182 2070216 0.021 237822 <p id="xdx_802_eus-gaap--LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_zVCbjagwAJD2" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 18 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>NOTES RECEIVABLE</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_826_z1rE855NHJSh" style="display: none">Notes receivable</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On July 15, 2016, the Company entered into a charter restructuring agreement for the reduction of the hire rate for five Containerships chartered out to HMM which resulted in a decrease in cash charter hire to be received of approximately $<span id="xdx_901_ecustom--FutureRevenueReductionCharterRevenue_pn3n3_c20160101__20160715__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RestructuringAgreementMember_zvd5aY9QcW87">38,461</span>. More specifically, the reduction of the hire rate will be applied as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">•       With effect from (and including) <span id="xdx_90F_ecustom--EffectiveDateArrangements_dd_c20200101__20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember__srt--StatementScenarioAxis__custom--Date1Member__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RestructuringAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselsMember_zsmhVzMFtVMl">July 18, 2016</span> until (and including) <span id="xdx_901_eus-gaap--RelatedPartyTransactionDate_dd_c20200101__20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember__srt--StatementScenarioAxis__custom--Date1Member__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RestructuringAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselsMember_zXJ7Hx20Oyx1">December 31, 2019</span>, hire rate shall be reduced to $<span id="xdx_90E_ecustom--FutureRevenueReductionCharterRevenue_pn3n3_c20200101__20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember__srt--StatementScenarioAxis__custom--Date1Member__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RestructuringAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselsMember_zvnHscPb0JU9">24,400</span> per day pro rata.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">•       With effect from (and including) <span id="xdx_900_ecustom--EffectiveDateArrangements_dd_c20200101__20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember__srt--StatementScenarioAxis__custom--Date2Member__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RestructuringAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselsMember_zXmn2AylJpI5">January 1, 2020</span>, hire rate shall be restored to the rate of $<span id="xdx_900_ecustom--FutureRevenueReductionCharterRevenue_pn3n3_c20200101__20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember__srt--StatementScenarioAxis__custom--Date2Member__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RestructuringAgreementMember_zdj43ORTl43e">30,500</span> per day pro rata until redelivery.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">In exchange for the reduction of the hire rate, the Company received (i) $<span id="xdx_90D_eus-gaap--ProceedsFromOtherDebt_pn3n3_c20200101__20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RestructuringAgreementMember__us-gaap--LongtermDebtTypeAxis__us-gaap--SeniorNotesMember_zf9xMI7U9Yr9">7,692</span> on principal amount of senior, unsecured notes, amortizing subject to available cash flows, accruing interest at <span id="xdx_905_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_dp_c20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember__us-gaap--LongtermDebtTypeAxis__us-gaap--SeniorNotesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RestructuringAgreementMember_zkmJ070FNgL5">3%</span> per annum payable on maturity in July 2024 and (ii) <span id="xdx_902_ecustom--TradingSecuritiesEquityNumberShares_c20200101__20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ContainerVesselsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--RestructuringAgreementMember__us-gaap--LongtermDebtTypeAxis__us-gaap--SeniorNotesMember_zjZIKKwfTmNb">3,657</span> freely tradable securities of HMM (publicly traded at the Stock Market Division of the Korean Exchange).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On July 18, 2016, the Company recognized the fair value of the HMM securities totaling $<span id="xdx_90F_eus-gaap--TradingSecurities_iI_pn3n3_c20160718__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zTXW2HWKrExk" title="Trading securities">40,277</span> and also recognized the fair value of the senior unsecured notes totaling $<span id="xdx_905_eus-gaap--NotesPayableFairValueDisclosure_iI_pn3n3_c20160718__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zMTvPUT6DsY" title="Unsecured Notes">6,074</span>. The total fair value of the non-cash compensation received was recognized as deferred revenue, which will be amortized over the remaining duration of each time charter. The Company recognized non-cash interest income and discount unwinding totaling to $<span id="xdx_90B_eus-gaap--InvestmentIncomeNet_pn3n3_c20200101__20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember__us-gaap--IncomeStatementLocationAxis__custom--InterestIncomeDiscountUnwindingMember_zKKAndOKaUBk" title="Interest income">458</span>, $<span id="xdx_90F_eus-gaap--InvestmentIncomeNet_pn3n3_c20190101__20191231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember__us-gaap--IncomeStatementLocationAxis__custom--InterestIncomeDiscountUnwindingMember_zR3JZbMcc9rc" title="Interest income">470</span> and $<span id="xdx_90C_eus-gaap--InvestmentIncomeNet_pn3n3_c20180101__20181231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember__us-gaap--IncomeStatementLocationAxis__custom--InterestIncomeDiscountUnwindingMember_zwqThki1HHr3" title="Interest income">420</span>, respectively, for these instruments under the caption “Interest income” in the Consolidated Statements of Operations for each of the years ended December 31, 2020, 2019 and 2018, respectively. As of December 31, 2020 and December 31, 2019, the outstanding balance of the notes receivable, including accrued interest and discount unwinding, amounted to $<span id="xdx_903_eus-gaap--NotesAssumed1_pn3n3_c20200101__20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zWCu4oOrjlV7">8,013</span> and $<span id="xdx_909_eus-gaap--NotesAssumed1_pn3n3_c20190101__20191231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zRVfIoFmXA1k">7,554</span>, respectively, presented under the caption “Notes Receivable, net of current portion” in the Consolidated Balance Sheets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">For each of the years ended December 31, 2020, 2019 and 2018, the Company recorded an amount of $<span id="xdx_90E_eus-gaap--DeferredRevenueRevenueRecognized1_pn3n3_c20200101__20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zRBcqxLlYTui">1,130</span>, $<span id="xdx_90D_eus-gaap--DeferredRevenueRevenueRecognized1_pn3n3_c20190101__20191231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zgu6Q1MxT56b">12,121</span> and $<span id="xdx_902_eus-gaap--DeferredRevenueRevenueRecognized1_pn3n3_c20180101__20181231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zhogbT9MGrS9">12,102</span>, respectively, of deferred revenue amortization in the Consolidated Statements of Operations under the caption “Time charter and voyage revenues”.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of December 31, 2020, the outstanding balances of the current and non-current portion of deferred revenue in relation to HMM amounted to $<span id="xdx_909_eus-gaap--DeferredRevenueCurrent_iI_pn3n3_c20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zJmWV8eUgOh8">1,127</span> and $<span title="Deferred revenue, non-current"><span id="xdx_90D_eus-gaap--DeferredRevenueNoncurrent_iI_pn3n3_c20201231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_z03fDP0MUiI8">2,185</span></span>, respectively. As of December 31, 2019, the outstanding balances of the current and non-current portion of deferred revenue in relation to HMM amounted to $<span id="xdx_90F_eus-gaap--DeferredRevenueCurrent_iI_pn3n3_c20191231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zGji1OWR0zgc">1,130</span> and $<span title="Deferred revenue, non-current"><span id="xdx_908_eus-gaap--DeferredRevenueNoncurrent_iI_pn3n3_c20191231__srt--MajorCustomersAxis__custom--HyundaiMerchantMarineCoMember_zGFiPSTpD6Qd">3,312</span></span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On January 12, 2017, the Company sold the vessel the MSC Cristina for a gross sale price of $<span id="xdx_90F_ecustom--GrossProceedsFromSaleOfVessels_c20170101__20170112__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MSCCristinaIIMember_zY8l4UVuZdA5">126,000</span> and received a cash payment of $<span id="xdx_90A_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20170101__20170112__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MSCCristinaIIMember_zAWqmAxcGFwg">107,250</span> and a note receivable of $<span id="xdx_908_eus-gaap--AccountsAndNotesReceivableNet_iI_pn3n3_c20170112__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MSCCristinaIIMember_zySndf17Jox3" title="Notes receivable, net">18,750</span> accruing interest at <span id="xdx_901_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_dp_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MSCCristinaIIMember_zLyS9tyw4eX">6%</span> per annum payable in <span id="xdx_905_ecustom--LineOfCreditFacilityNumberOfRepaymentInstallments_uPure_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MSCCristinaIIMember_zc61Qju74ZZ3">16</span> <span id="xdx_90B_eus-gaap--DebtInstrumentFrequencyOfPeriodicPayment_pip0_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MSCCristinaIIMember_zKBRCbYkzly4">quarterly</span> instalments. As of December 31, 2020, the outstanding balances of the current and non-current note receivable amounted to $<span id="xdx_902_eus-gaap--NotesAndLoansReceivableNetCurrent_iI_pn3n3_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MSCCristinaIIMember_zlZ0ULWvxvN1"><span id="xdx_905_eus-gaap--NotesReceivableRelatedPartiesNoncurrent_iI_pn3n3_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MSCCristinaIIMember_zm5CK8CpCSve">0</span></span>. For each of the years ended December 31, 2020 and 2019, the Company recorded interest income of $<span id="xdx_904_eus-gaap--InvestmentIncomeNet_pn3n3_c20200101__20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MSCCristinaIIMember_zrd5HInEd1h9">140</span> and $<span id="xdx_907_eus-gaap--InvestmentIncomeNet_pn3n3_c20190101__20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MSCCristinaIIMember_zC4kZLmUELvi">424</span>, respectively, including accrued interest income of $<span id="xdx_909_eus-gaap--InterestReceivable_iI_pn3n3_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MSCCristinaIIMember_zl3LGpraPDX9">0</span> and $<span id="xdx_903_eus-gaap--InterestReceivable_iI_pn3n3_c20191231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MSCCristinaIIMember_zdkq6Gf1OORb">38</span> under the caption “Interest income” in the Consolidated Statements of Operations.</p> 38461000 2016-07-18 2019-12-31 24400000 2020-01-01 30500000 7692000 0.03 3657 40277000 6074000 458000 470000 420000 8013000 7554000 1130000 12121000 12102000 1127000 2185000 1130000 3312000 126000 107250000 18750000 0.06 16 quarterly 0 0 140000 424000 0 38000 <p id="xdx_806_eus-gaap--InvestmentsInAndAdvancesToAffiliatesTextBlock_zwJgJfIaXcn1" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 19 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>INVESTMENT IN AFFILIATES</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_821_zH1aNiHgDQMb" style="display: none">Investment in affiliates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Navios Europe I:</b> On October 9, 2013, Navios Holdings, Navios Acquisition and Navios Partners established Navios Europe I and had ownership interests of <span id="xdx_902_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20131009__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIMember__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_z9pF4wHNqYP5">47.5%</span>, <span id="xdx_903_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20131009__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIMember__dei--LegalEntityAxis__custom--NaviosAcquisitionIMember_zwo4K2NMkSja">47.5%</span> and <span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20131009__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIMember_zOZxCAvrZj59">5.0%</span>, respectively. On December 18, 2013, Navios Europe I acquired <span id="xdx_90E_ecustom--NumberOfVesselsAcquired_iI_dc_uPure_c20131218__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIMember_zjS6t2ufqvCg">ten</span> vessels for aggregate consideration consisting of: (i) cash which was funded with the proceeds of senior loan facilities (the “Senior Loans I”) and loans aggregating $<span id="xdx_90A_eus-gaap--LongTermDebt_iI_pn3n3_c20131218__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsAcquisitionPartnersMember__us-gaap--LongtermDebtTypeAxis__custom--NaviosTermLoansMember__dei--LegalEntityAxis__custom--NaviosEuropeMember_z7xph3NNSWyk">10,000</span> from Navios Holdings, Navios Acquisition and Navios Partners (collectively, the “Navios Term Loans I”) and (ii) the assumption of a junior participating loan facility (the “Junior Loan I”). In addition to the Navios Term Loans I, Navios Holdings, Navios Acquisition and Navios Partners have made available to Navios Europe I revolving loans of up to $<span id="xdx_90F_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20131218__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsAcquisitionPartnersMember__us-gaap--CreditFacilityAxis__custom--NaviosRevolvingLoansMember__dei--LegalEntityAxis__custom--NaviosEuropeMember_z5xAL83h92K4">24,100</span> to fund working capital requirements (collectively, the “Navios Revolving Loans I”). In December 2018, the availability under the Revolving Loans I was increased by $<span id="xdx_90A_eus-gaap--LineOfCreditFacilityIncreaseDecreaseForPeriodNet_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsAcquisitionPartnersMember__us-gaap--CreditFacilityAxis__custom--NaviosRevolvingLoansMember__dei--LegalEntityAxis__custom--NaviosEuropeMember_zIOJ55MOWDh7">30,000</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Following the liquidation of Navios Europe I, Navios Partners acquired <span title="Number of vessels acquired">five</span> vessel owning companies for a fair value of $<span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20190101__20191213__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ThreeSubPanamaxAndTwoPanamaxContainershipsMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIMember_z3k5AcGwaa27">56,083</span> in total.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt">As of December 31, 2020 and subsequent to the Liquidation of Navios Europe I, the Company had no exposure.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Navios Europe II</b>: On February 18, 2015, Navios Holdings, Navios Acquisition and Navios Partners established Navios Europe II and have ownership interests of <span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20150218__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIIMember__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zpevmY09gZe2">47.5%</span>, <span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20150218__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIIMember__dei--LegalEntityAxis__custom--NaviosAcquisitionIMember_zmzRasf5SHJj">47.5%</span> and <span id="xdx_909_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20131009__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIIMember_zuwOLoW6HzHe">5.0%</span>, respectively. From June 8, 2015 through December 31, 2015, Navios Europe II acquired fourteen vessels for aggregate consideration consisting of: (i) cash consideration of $<span id="xdx_901_eus-gaap--PaymentsToAcquireBusinessesGross_pn3n3_c20150101__20151231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIIMember_zjBdpwOmZUg3">145,550</span> (which was funded with the proceeds of a $<span id="xdx_903_eus-gaap--ProceedsFromIssuanceOfLongTermDebt_pn3n3_c20150101__20151231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIIMember__us-gaap--LongtermDebtTypeAxis__custom--SeniorLoansIIMember_zlDUDi9DEo0l">131,550</span> senior loan facilities net of loan discount amounting to $<span id="xdx_90C_eus-gaap--DebtInstrumentUnamortizedDiscount_iI_pn3n3_c20151231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIIMember__us-gaap--LongtermDebtTypeAxis__custom--SeniorLoansIIMember_zYBW7KtDl0G5">3,375</span> (the “Senior Loans II”) and loans aggregating $<span id="xdx_90A_eus-gaap--LongTermDebt_iI_pn3n3_c20151231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIIMember_zrHldviLdt4a">14,000</span> from Navios Holdings, Navios Acquisition and Navios Partners (collectively, the “Navios Term Loans II”); and (ii) the assumption of a junior participating loan facility (the “Junior Loan II”) with a face amount of $<span id="xdx_903_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20150218__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIIMember__us-gaap--LongtermDebtTypeAxis__custom--JuniorLoanIIMember_zBp9noDM3OKh">182,150</span> and fair value of $<span id="xdx_901_eus-gaap--LoansPayableFairValueDisclosure_iI_pn3n3_c20150218__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIIMember__us-gaap--LongtermDebtTypeAxis__custom--JuniorLoanIIMember_z1csJvYNVIw2">99,147</span>, at the acquisition date. In addition to the Navios Term Loans II, Navios Holdings, Navios Acquisition and Navios Partners have also made available to Navios Europe II revolving loans up to $<span id="xdx_90A_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20150218__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsAcquisitionPartnersMember__us-gaap--CreditFacilityAxis__custom--NaviosRevolvingLoans2Member__dei--LegalEntityAxis__custom--NaviosEurope2Member_zaT4unPAJdbi">43,500</span> to fund working capital requirements (collectively, the “Navios Revolving Loans II”). In March 2017, the amount of funds available under the Navios Revolving Loans II was increased by $<span id="xdx_907_eus-gaap--LineOfCreditFacilityIncreaseDecreaseForPeriodNet_pn3n3_c20170101__20170331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsAcquisitionPartnersMember__us-gaap--CreditFacilityAxis__custom--NaviosRevolvingLoans2Member__dei--LegalEntityAxis__custom--NaviosEurope2Member_zFo4iRWYfGBc">14,000</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Following the liquidation of Navios Europe II, Navios Partners acquired five vessel owning companies for a fair value of $<span id="xdx_908_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20190101__20190629__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FiveDrybulkVesselsThreePanamaxVesselsAndTwoUltraHandymaxVesselsMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zjlrRnBOM4el">56,050</span> in total.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of December 31, 2020 and subsequent to the Liquidation of Navios Europe II, the Company had no exposure. As of December 31, 2019, the estimated maximum potential loss by Navios Partners in Navios Europe II would have been $<span id="xdx_90D_ecustom--EstimatedMaximumPotentialLoss_pn3n3_c20190101__20191231__dei--LegalEntityAxis__custom--NaviosEurope2Member_zKPWvkapz6L5">16,097</span>, excluding accrued interest, which represented the Company’s carrying value of the investment of $<span id="xdx_90B_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iI_pn3n3_c20191231__us-gaap--LongtermDebtTypeAxis__custom--NaviosTermLoans2Member__dei--LegalEntityAxis__custom--NaviosEurope2Member_zLyUKDna86a7">700</span> as of December 31, 2019 plus the Company’s balance of the Navios Revolving Loans II of $<span id="xdx_905_eus-gaap--LoansAndLeasesReceivableRelatedParties_iI_pn3n3_c20191231__us-gaap--CreditFacilityAxis__custom--NaviosRevolvingLoans2Member__dei--LegalEntityAxis__custom--NaviosEurope2Member_zyiDUzWKFKH7">15,397</span> as of December 31, 2019, excluding accrued interest, and does not include the undrawn portion of the Navios Revolving Loans II.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Navios Containers:</b> On June 8, 2017, Navios Containers closed its private placement and issued <span id="xdx_903_eus-gaap--PartnersCapitalAccountUnitsSoldInPrivatePlacement_c20170101__20170608__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zUdvRLiGDdDl">10,057,645</span> shares for $<span id="xdx_908_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pn3n3_c20170101__20170608__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zWvCCTvIbfEc">50,288</span> of gross proceeds at a subscription price of $<span id="xdx_906_eus-gaap--SaleOfStockPricePerShare_iI_c20170608__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zeNeB7uEmQj9">5.00</span> per share. Navios Partners invested $<span id="xdx_901_eus-gaap--PaymentsToAcquireEquityMethodInvestments_pn3n3_c20170101__20170608__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zKySxi7Wkppc">30,000</span> and received <span id="xdx_90B_eus-gaap--LimitedPartnersCapitalAccountUnitsIssued_iI_c20170608__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zAIxJoJePjl8">6,000,000</span> shares, and Navios Holdings invested $<span id="xdx_901_eus-gaap--PaymentsToAcquireEquityMethodInvestments_pn3n3_c20170101__20170608__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zivwyWWQbozd">5,000</span> and received <span id="xdx_907_eus-gaap--LimitedPartnersCapitalAccountUnitsIssued_iI_c20170608__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zUkZL026wjJd">1,000,000</span> shares. Each of Navios Partners and Navios Holdings also received warrants, with a five-year term, for <span id="xdx_909_ecustom--ExerciseOfWarrantsEquityInterest_iI_dp_c20170608__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--WarrantMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zStsvwy01IV9">6.8%</span> and <span id="xdx_901_ecustom--ExerciseOfWarrantsEquityInterest_iI_dp_c20170608__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--WarrantMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zxJKwNd8tQTe">1.7%</span> of the equity, respectively. On August 29, 2017, Navios Containers closed its private placement and issued <span id="xdx_903_eus-gaap--PartnersCapitalAccountUnitsSoldInPrivatePlacement_c20170101__20170829__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zoeRudL0qMcf">10,000,000</span> shares for $<span id="xdx_90B_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pn3n3_c20170101__20170829__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zxqKfhlLwIna">50,000</span> of gross proceeds at a subscription price of $<span id="xdx_90F_eus-gaap--SaleOfStockPricePerShare_iI_c20170829__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zK6T9IAON0yh">5.00</span> per share. Navios Partners invested $<span id="xdx_906_eus-gaap--PaymentsToAcquireEquityMethodInvestments_pn3n3_c20170101__20170829__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zch24ITsTCjc">10,000</span> and received <span id="xdx_90F_eus-gaap--LimitedPartnersCapitalAccountUnitsIssued_iI_c20170829__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zwKJB7BoOWNj">2,000,000</span> shares. Navios Partners also received warrants, with a five-year term, for <span id="xdx_90C_ecustom--ExerciseOfWarrantsEquityInterest_iI_dp_c20170829__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zrSD27AvDuVe">6.8%</span> of the equity. On November 9, 2017, Navios Containers closed a private placement of <span id="xdx_90F_eus-gaap--PartnersCapitalAccountUnitsSoldInPrivatePlacement_c20170101__20171109__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zCUfa7P1YJRa">9,090,909</span> shares at a subscription price of $<span id="xdx_903_eus-gaap--SaleOfStockPricePerShare_iI_c20171109__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zR6CL8gNmyQ4">5.50</span> per share, resulting in gross proceeds of approximately $<span id="xdx_902_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pn3n3_c20170101__20171109__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zCvuoPuqMqIb">50,000</span>. Navios Partners invested $<span id="xdx_90D_eus-gaap--PaymentsToAcquireEquityMethodInvestments_pn3n3_c20170101__20171109__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zb0ODVaeHE3e">10,000</span> and received <span id="xdx_90E_eus-gaap--LimitedPartnersCapitalAccountUnitsIssued_iI_c20171109__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zXZTj2xf9ae5">1,818,182</span> shares. Navios Partners also received warrants, with a five-year term, for <span id="xdx_906_ecustom--ExerciseOfWarrantsEquityInterest_iI_dp_c20171109__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zqcxSR5FG1a">6.8%</span> of the newly issued equity. On March 13, 2018, Navios Containers closed a private placement of <span id="xdx_901_eus-gaap--PartnersCapitalAccountUnitsSoldInPrivatePlacement_c20180101__20180313__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zjTRHDVOWenh">5,454,546</span> shares at a subscription price of $<span id="xdx_908_eus-gaap--SaleOfStockPricePerShare_iI_c20180313__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zt3SrwDunPq2">5.50</span> per share, resulting in gross proceeds of approximately $<span id="xdx_901_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_pn3n3_c20180101__20180313__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zCl17z2EMPbf">30,000</span>. Navios Partners invested $<span id="xdx_90E_eus-gaap--PaymentsToAcquireEquityMethodInvestments_pn3n3_c20180101__20180313__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zSHKh4J6Y3sb">14,460</span> and received <span id="xdx_90E_eus-gaap--LimitedPartnersCapitalAccountUnitsIssued_iI_c20180313__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_z9d60ERbtLn9">2,629,095</span> shares and Navios Holdings invested $<span id="xdx_905_eus-gaap--PaymentsToAcquireEquityMethodInvestments_pn3n3_c20180101__20180313__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zl4bDdOA5Tih">500</span> and received <span id="xdx_904_eus-gaap--LimitedPartnersCapitalAccountUnitsIssued_iI_c20180313__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zDvqNmIL4Bql">90,909</span> shares. Each of Navios Partners and Navios Holdings also received <span id="xdx_90C_ecustom--NumberOfWarrants_iI_uPure_c20180313__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--WarrantMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zIoO9Pv32il6" title="Number of warrants"><span id="xdx_909_ecustom--NumberOfWarrants_iI_uPure_c20180313__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--WarrantMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_ztoi1ZD5rF0b" title="Number of warrants">9,273</span></span> warrants, with a five-year term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On November 30, 2018, Navios Containers was converted into a limited partnership. All of the warrants described above issued to Navios Partners and Navios Holdings expired. On December 3, 2018, Navios Partners distributed <span id="xdx_90D_ecustom--LimitedPartnersCapitalAccountDistributionShares_c20180101__20181203__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_z3tyZMl2dSfb">855,001</span> units of Navios Containers to the unitholders of Navios Partners, approximately <span id="xdx_904_ecustom--PercentageOfUnitsAvailableForDistributions_dp_c20180101__20181203__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_z6fA9sHJNVF5">2.5%</span> of the Navios Containers’ outstanding equity. In connection with this transaction, Navios Partners recognized an OTTI impairment of $<span id="xdx_909_eus-gaap--EquityMethodInvestmentOtherThanTemporaryImpairment_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zZj8wXSVlJ54">560</span> on the units distributed. The amount of the distribution was $<span id="xdx_905_eus-gaap--LimitedPartnersCapitalAccountDistributionAmount_pn3n3_c20180101__20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zXOopwTzQRC">4,243</span> based on the last trading price of Navios Containers’ shares in the N-OTC market as of November 23, 2018. Following the distribution, Navios Partners owned approximately <span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20181231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_z9tQIjd8HqX2" title="Ownership percentage">33.5%</span> of the equity in Navios Containers.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of December 31, 2020 and 2019, Navios Partners held <span id="xdx_903_eus-gaap--LimitedPartnersCapitalAccountUnitsOutstanding_iI_uShares_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zMVTNAxnhA0f" title="Common units outstanding"><span id="xdx_908_eus-gaap--LimitedPartnersCapitalAccountUnitsOutstanding_iI_uShares_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zB6pjwkC8Yjj" title="Common units outstanding">11,592,276</span></span> common units, representing an ownership interest in Navios Containers of <span id="xdx_904_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zDjc8zrvdrK9">35.7%</span> and <span id="xdx_90B_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_dp_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zzaYDiLH9rIh">33.5%</span> respectively. Investment income of $<span id="xdx_900_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20200101__20201231__us-gaap--IncomeStatementLocationAxis__custom--EquityInNetEarningsOfAffiliatedCompaniesMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zAKCBEq4ZOma">1,133</span> and $<span id="xdx_907_eus-gaap--IncomeLossFromEquityMethodInvestments_pn3n3_c20190101__20191231__us-gaap--IncomeStatementLocationAxis__custom--EquityInNetEarningsOfAffiliatedCompaniesMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_z1FqRLZdhcLc">2,532</span> was recognized in the Consolidated Statements of Operations under the caption of “Equity in net earnings of affiliated companies” for each of the years ended December 31, 2020 and 2019, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Based on the Company's evaluation of the duration and magnitude of the fair value decline for approximately twelve months as of December 31, 2019, the Company concluded that the decline in the fair value of its investment below its carrying value was not temporary. Thus, an OTTI loss of $<span id="xdx_900_eus-gaap--ImpairmentOfInvestments_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zlzF5m5p9vmb">42,603</span> was recognized as of December 31, 2019, being the difference between the fair value of $<span id="xdx_902_eus-gaap--EquityMethodInvestmentQuotedMarketValue_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zwp92Lb9BG79">25,025</span> and the carrying value of the investment of $<span id="xdx_906_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iI_pn3n3_c20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zUyaJx8SUOd1">67,628</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The fair value of Navios Partners’ equity investment in Navios Containers is based on unadjusted quoted prices in active markets for Navios Containers’ common units. The fair value of Navios Partners’ equity investment in Navios Containers as at December 31, 2020 was $<span id="xdx_90F_eus-gaap--EquityMethodInvestmentQuotedMarketValue_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zkC26Cup1ml8">47,528</span> compared with its carrying value of $<span id="xdx_909_eus-gaap--InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_iI_pn3n3_c20201231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosContainersIIMember_zz9BIQzzFVT">26,158</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Following the results of the significant tests performed by the Company, it was concluded that Navios Containers met the significance threshold requiring summarized financial information for the affiliated company to be presented for the following periods. The separate consolidated financial statements and notes thereto of Navios Containers for each of the years ended December 31, 2020 and 2019 have been included as Exhibit 15.3 in this Annual Report, as a result of significance tests being met pursuant to Rule 3-09 of Regulations S-X. Since Navios Europe I and Navios Europe II were liquidated on December 13, 2019 and June 29, 2020, balances are presented only for the year ended December 31, 2019.</p> <p id="xdx_893_ecustom--SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock_zae6UPBy3LY5" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8B4_z4HHVana7g5b" style="display: none">Investment in Affiliates - Financial information of affiliate companies, balance sheet</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td colspan="2" id="xdx_494_20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIIMember_zfcmLaLsFKJd" style="text-align: center; line-height: 115%"><span style="font: 9pt/115% Times New Roman, Times, Serif"><b>December 31, 2019</b></span></td> <td style="padding-bottom: 10pt; line-height: 115%"> </td></tr> <tr id="xdx_404_eus-gaap--BalanceSheetRelatedDisclosuresAbstract_iB_zHV0xdsMSEr2" style="vertical-align: bottom"> <td><span style="font: 9pt Times New Roman, Times, Serif"><b>Balance Sheet</b></span></td> <td style="text-align: center"> </td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Navios</b><br/> <b>Europe II</b></span></td> <td colspan="2" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 7.7pt; text-indent: -6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents (including restricted cash)</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98C_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_iI_pn3n3_c20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zkHhEWwtMpil" style="text-align: right" title="Cash and cash equivalents (including restricted cash)"><span style="font: 10pt Times New Roman, Times, Serif">27,431</span></td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.7pt; text-indent: 1.2pt"><span style="font: 10pt Times New Roman, Times, Serif">Current assets (excluding cash and cash equivalents and restricted cash)</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--AssetsCurrent_iI_pn3n3_c20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zu1HwB1h3MUl" style="text-align: right" title="Current assets (excluding cash and cash equivalents and restricted cash)"><span style="font: 10pt Times New Roman, Times, Serif">4,818</span></td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 7.7pt; text-indent: -6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">Non-current assets</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--AssetsNoncurrent_iI_pn3n3_c20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_z28NlVYDlQo1" style="text-align: right" title="Non-current assets"><span style="font: 10pt Times New Roman, Times, Serif">179,688</span></td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.7pt; text-indent: 1.2pt"><span style="font: 10pt Times New Roman, Times, Serif">Current liabilities (excluding current portion of long- term debt)</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_982_eus-gaap--LiabilitiesCurrent_iI_pn3n3_c20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zoPZ85r17qM8" style="text-align: right" title="Current liabilities (excluding current portion of long-term debt)"><span style="font: 10pt Times New Roman, Times, Serif">46,892</span></td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 7.7pt; text-indent: -6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">Long- term debt including current portion, net</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98E_eus-gaap--LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities_iI_pn3n3_c20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zZVc5GjzEvJ2" style="text-align: right" title="Long- term debt including current portion, net"><span style="font: 10pt Times New Roman, Times, Serif">89,025</span></td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.7pt; text-indent: -6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">Non-current liabilities</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98C_eus-gaap--LiabilitiesNoncurrent_iI_pn3n3_c20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zc1bEztgOQ16" style="text-align: right" title="Non-current liabilities"><span style="font: 10pt Times New Roman, Times, Serif">84,284</span></td> <td colspan="2"> </td></tr> <tr> <td style="width: 79%"> </td> <td style="width: 2%"> </td> <td style="width: 1%"> </td> <td style="width: 16%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td></tr> </table> <p id="xdx_8AB_zz4nz1lfpum8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_89E_ecustom--SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock_zmUPFUgTqby6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_8BB_zA4qbQceytHa" style="display: none">Investment in Affiliates - Financial information of affiliate companies, Income Statement</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 8pt"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 8pt; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="padding-bottom: 8pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 8pt"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 8pt; text-align: center"> </td> <td colspan="4" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31, 2019</b></span></td> <td style="padding-bottom: 8pt; text-align: center"> </td></tr> <tr id="xdx_409_eus-gaap--IncomeStatementRelatedDisclosuresAbstract_iB_zMlSANeG7aVe" style="vertical-align: bottom"> <td style="width: 62%"><span style="font: 9pt Times New Roman, Times, Serif"><b>Income Statement</b></span></td> <td style="border-bottom: black 1pt solid; padding-bottom: 8pt; width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 16%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Navios</b><br/> <b>Europe I</b></span></td> <td style="padding-bottom: 8pt; width: 2%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 8pt; width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 17%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Navios</b><br/> <b>Europe II</b></span></td> <td style="width: 1%; padding-bottom: 8pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 7.7pt; text-indent: -5.5pt"><span style="font: 10pt Times New Roman, Times, Serif">Revenue</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_988_eus-gaap--Revenues_pn3n3_c20190101__20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIMember_z4PUDkMSHqqc" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">36,822</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98D_eus-gaap--Revenues_pn3n3_c20190101__20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zLl3PfhftZwg" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">46,718</span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.7pt; text-indent: -5.5pt"><span style="font: 10pt Times New Roman, Times, Serif">Net loss</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--ProfitLoss_iN_pn3n3_di_c20190101__20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIMember_z2dOWV4Wb83k" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(18,575)</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_983_eus-gaap--ProfitLoss_iN_pn3n3_di_c20190101__20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zn1TkVPqwIN1" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(30,203)</span></td> <td> </td></tr> </table> <p id="xdx_8A8_zDPXfSPImEK3" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"> </p> 0.475 0.475 0.050 10 10000000 24100000 30000000 56083000 0.475 0.475 0.050 145550000 131550000 3375000 14000000 182150000 99147000 43500000 14000000 56050000 16097000 700000 15397000 10057645 50288000 5.00 30000000 6000000 5000000 1000000 0.068 0.017 10000000 50000000 5.00 10000000 2000000 0.068 9090909 5.50 50000000 10000000 1818182 0.068 5454546 5.50 30000000 14460000 2629095 500000 90909 9273 9273 855001 0.025 560000 4243000 0.335 11592276 11592276 0.357 0.335 1133000 2532000 42603000 25025000 67628000 47528000 26158000 <p id="xdx_893_ecustom--SummaryFinancialInformationBalanceSheetAffiliatedCompaniesTableTextBlock_zae6UPBy3LY5" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8B4_z4HHVana7g5b" style="display: none">Investment in Affiliates - Financial information of affiliate companies, balance sheet</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td style="text-align: center"> </td> <td style="text-align: right"> </td> <td colspan="2" id="xdx_494_20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosEuropeIIMember_zfcmLaLsFKJd" style="text-align: center; line-height: 115%"><span style="font: 9pt/115% Times New Roman, Times, Serif"><b>December 31, 2019</b></span></td> <td style="padding-bottom: 10pt; line-height: 115%"> </td></tr> <tr id="xdx_404_eus-gaap--BalanceSheetRelatedDisclosuresAbstract_iB_zHV0xdsMSEr2" style="vertical-align: bottom"> <td><span style="font: 9pt Times New Roman, Times, Serif"><b>Balance Sheet</b></span></td> <td style="text-align: center"> </td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center"> </td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Navios</b><br/> <b>Europe II</b></span></td> <td colspan="2" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 7.7pt; text-indent: -6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents (including restricted cash)</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98C_eus-gaap--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_iI_pn3n3_c20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zkHhEWwtMpil" style="text-align: right" title="Cash and cash equivalents (including restricted cash)"><span style="font: 10pt Times New Roman, Times, Serif">27,431</span></td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.7pt; text-indent: 1.2pt"><span style="font: 10pt Times New Roman, Times, Serif">Current assets (excluding cash and cash equivalents and restricted cash)</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_985_eus-gaap--AssetsCurrent_iI_pn3n3_c20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zu1HwB1h3MUl" style="text-align: right" title="Current assets (excluding cash and cash equivalents and restricted cash)"><span style="font: 10pt Times New Roman, Times, Serif">4,818</span></td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 7.7pt; text-indent: -6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">Non-current assets</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--AssetsNoncurrent_iI_pn3n3_c20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_z28NlVYDlQo1" style="text-align: right" title="Non-current assets"><span style="font: 10pt Times New Roman, Times, Serif">179,688</span></td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.7pt; text-indent: 1.2pt"><span style="font: 10pt Times New Roman, Times, Serif">Current liabilities (excluding current portion of long- term debt)</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_982_eus-gaap--LiabilitiesCurrent_iI_pn3n3_c20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zoPZ85r17qM8" style="text-align: right" title="Current liabilities (excluding current portion of long-term debt)"><span style="font: 10pt Times New Roman, Times, Serif">46,892</span></td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 7.7pt; text-indent: -6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">Long- term debt including current portion, net</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98E_eus-gaap--LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities_iI_pn3n3_c20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zZVc5GjzEvJ2" style="text-align: right" title="Long- term debt including current portion, net"><span style="font: 10pt Times New Roman, Times, Serif">89,025</span></td> <td colspan="2"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.7pt; text-indent: -6.6pt"><span style="font: 10pt Times New Roman, Times, Serif">Non-current liabilities</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98C_eus-gaap--LiabilitiesNoncurrent_iI_pn3n3_c20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zc1bEztgOQ16" style="text-align: right" title="Non-current liabilities"><span style="font: 10pt Times New Roman, Times, Serif">84,284</span></td> <td colspan="2"> </td></tr> <tr> <td style="width: 79%"> </td> <td style="width: 2%"> </td> <td style="width: 1%"> </td> <td style="width: 16%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td></tr> </table> 27431000 4818000 179688000 46892000 89025000 84284000 <p id="xdx_89E_ecustom--SummaryFinancialInformationIncomeStatementAffiliatedCompaniesTableTextBlock_zmUPFUgTqby6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_8BB_zA4qbQceytHa" style="display: none">Investment in Affiliates - Financial information of affiliate companies, Income Statement</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 8pt"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 8pt; text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: center"> </td> <td style="padding-bottom: 8pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 8pt"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 8pt; text-align: center"> </td> <td colspan="4" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>December 31, 2019</b></span></td> <td style="padding-bottom: 8pt; text-align: center"> </td></tr> <tr id="xdx_409_eus-gaap--IncomeStatementRelatedDisclosuresAbstract_iB_zMlSANeG7aVe" style="vertical-align: bottom"> <td style="width: 62%"><span style="font: 9pt Times New Roman, Times, Serif"><b>Income Statement</b></span></td> <td style="border-bottom: black 1pt solid; padding-bottom: 8pt; width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 16%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Navios</b><br/> <b>Europe I</b></span></td> <td style="padding-bottom: 8pt; width: 2%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 8pt; width: 1%; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 17%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Navios</b><br/> <b>Europe II</b></span></td> <td style="width: 1%; padding-bottom: 8pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 7.7pt; text-indent: -5.5pt"><span style="font: 10pt Times New Roman, Times, Serif">Revenue</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_988_eus-gaap--Revenues_pn3n3_c20190101__20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIMember_z4PUDkMSHqqc" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">36,822</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_98D_eus-gaap--Revenues_pn3n3_c20190101__20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zLl3PfhftZwg" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">46,718</span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 7.7pt; text-indent: -5.5pt"><span style="font: 10pt Times New Roman, Times, Serif">Net loss</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_984_eus-gaap--ProfitLoss_iN_pn3n3_di_c20190101__20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIMember_z2dOWV4Wb83k" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(18,575)</span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td id="xdx_983_eus-gaap--ProfitLoss_iN_pn3n3_di_c20190101__20191231__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeAxis__us-gaap--EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember__us-gaap--RelatedPartyTransactionAxis__custom--NaviosEuropeIIMember_zn1TkVPqwIN1" style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(30,203)</span></td> <td> </td></tr> </table> 36822000 46718000 18575000 30203000 <p id="xdx_808_ecustom--CashDistributionsEarningsPerUnitTextBlock_zW3LjBKso3ai" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 20 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>CASH DISTRIBUTIONS AND EARNINGS PER UNIT</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_828_zBcjsW2vq7N3" style="display: none">Cash distributions and earnings per unit</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On February 3, 2016, Navios Partners announced that its Board of Directors decided to suspend the quarterly cash distributions to its unitholders, including the distribution for the quarter ended December 31, 2015. In March 2018, the Board determined to reinstate a distribution and any continued distribution will be at the discretion of the Company’s Board of Directors, taking into consideration the terms of its partnership agreement. There is no guarantee that the Company will pay the quarterly distribution on the common units in any quarter. The amount of distributions paid under its policy and the decision to make any distribution is determined by the Company’s board of directors, taking into consideration the terms of its partnership agreement. The Company is prohibited from making any distributions to unitholders if it would cause an event of default, or an event of default exists, under its existing credit facilities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt">There is incentive distribution rights held by Navios GP L.L.C., which are analyzed as follows:</p> <p id="xdx_898_eus-gaap--ScheduleOfIncentiveDistributionsMadeToManagingMembersOrGeneralPartnersByDistributionTextBlock_zdmKazyXZ97i" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt"> <span id="xdx_8B5_z8BcCvmdKVs2" style="display: none">Cash distributions and earnings per unit - Schedule Of Incentive Distributions Made To General Partners Or Unitholders By Distribution</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="font: 4pt/2pt Times New Roman, Times, Serif; padding-left: 7.2pt"> </td> <td style="font: 4pt/2pt Times New Roman, Times, Serif; padding-left: 7.2pt"> </td> <td colspan="3" style="padding-left: 7.2pt"> <p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Marginal Percentage<br/> Interest in<br/> Distributions</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="font: 4pt/2pt Times New Roman, Times, Serif; width: 34%; padding-left: 7.2pt"> </td> <td style="width: 26%; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 8pt/107% Times New Roman, Times, Serif"><b>Total Quarterly Distribution<br/> Target Amount</b></span></td> <td style="width: 14%; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 8pt/107% Times New Roman, Times, Serif"><b>Common<br/> Unitholders </b></span></td> <td style="width: 15%; padding-left: 7.2pt"> <p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Incentive<br/> Distribution<br/> Right Holder </b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="width: 11%; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 8pt/107% Times New Roman, Times, Serif"><b> General<br/> Partner </b></span></td></tr> <tr> <td style="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Minimum Quarterly Distribution</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 10pt/107% Times New Roman, Times, Serif">up to $<span id="xdx_90F_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember_z73d30X61Lyc">5.25</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90A_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember_zP2govRbueM8">98%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_909_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_dp0_c20200101__20201231__us-gaap--IncentiveDistributionMadeToManagingMemberOrGeneralPartnerAxis__custom--IncentiveDistributionRightHolderMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember_zmM29Qzl5P7h">—</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_903_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember_zr405KHYhPf9">2%</span></span></td></tr> <tr style="background-color: #CCECFF"> <td style="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">First Target Distribution</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 10pt/107% Times New Roman, Times, Serif">up to $<span id="xdx_903_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember_zxvaBj77jc9f">6.0375</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90D_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember_zddocY9uFeP">98%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_900_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_dp0_c20200101__20201231__us-gaap--IncentiveDistributionMadeToManagingMemberOrGeneralPartnerAxis__custom--IncentiveDistributionRightHolderMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember_zQCnwuFbkeh8">—</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_902_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember_zGbfmHr6jIO5">2%</span></span></td></tr> <tr> <td style="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Second Target Distribution</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 10pt/107% Times New Roman, Times, Serif">above $ <span id="xdx_903_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember__srt--RangeAxis__srt--MinimumMember_zO2rSDH6FX7h">6.0375</span> up to $<span id="xdx_906_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember__srt--RangeAxis__srt--MaximumMember_zBvTf0U57wp8">6.5625</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90E_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember_zg5raUktvt7f">85%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90B_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp0_c20200101__20201231__us-gaap--IncentiveDistributionMadeToManagingMemberOrGeneralPartnerAxis__custom--IncentiveDistributionRightHolderMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember_zx5osf9rcdh4">13%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90C_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember_zSDmD2d7tJm7">2%</span></span></td></tr> <tr style="background-color: #CCECFF"> <td style="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Third Target Distribution</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 10pt/107% Times New Roman, Times, Serif">above $<span id="xdx_90E_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember__srt--RangeAxis__srt--MinimumMember_zQM9hBho0gp3">6.5625</span> up to $<span id="xdx_900_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember__srt--RangeAxis__srt--MaximumMember_zztHIr5IkrSh">7.875</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90C_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember_z8T7S2UqwOUa">75%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_903_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp0_c20200101__20201231__us-gaap--IncentiveDistributionMadeToManagingMemberOrGeneralPartnerAxis__custom--IncentiveDistributionRightHolderMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember_zTlXwo5kfCoj">23%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_901_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember_zJafj1EseVGg">2%</span></span></td></tr> <tr> <td style="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Thereafter</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 10pt/107% Times New Roman, Times, Serif">above $<span id="xdx_909_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember_zWJpFbkWPIRe">7.875</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90C_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember_zdL0GabxqQcj">50%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_905_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp0_c20200101__20201231__us-gaap--IncentiveDistributionMadeToManagingMemberOrGeneralPartnerAxis__custom--IncentiveDistributionRightHolderMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember_zJ4puJj9JcBl">48%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90F_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember_zZ2y7LGNiJcb">2%</span></span></td></tr> </table> <p id="xdx_8AF_zqIPiIBVwwic" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_90B_ecustom--MinimumQuarterlyDistributionDescriptionPolicy_c20200101__20201231_zT85Ddy6UKQ2">The first 98% of the quarterly distribution is paid to all common unitholders. The incentive distributions rights (held by Navios GP L.L.C.) apply only after a minimum quarterly distribution of $6.0375.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span/></p> <p id="xdx_893_eus-gaap--DistributionsMadeToLimitedPartnerByDistributionTableTextBlock_zpbXopiYuxn6" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The authorized quarterly cash dristributions for all quarters during the years ended December 2020, 2019, 2018, are presented below:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8BF_zqRfK90Btew7" style="display: none">Cash distributions and earnings per unit - Distributions for all quarters</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 16%; padding-left: 7.7pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Date</span> </td> <td id="xdx_487_eus-gaap--DistributionMadeToLimitedPartnerDeclarationDate_dd_zFY4w0pOL9Xa" style="width: 20%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Authorized Quarterly Cash Distribution for the three months ended</span></td> <td id="xdx_481_eus-gaap--DistributionMadeToLimitedPartnerDateOfRecord_dd_zOwAb6JXo2Sl" style="width: 17%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Date of record of Common and General Partner unit Unitholders</span></td> <td id="xdx_484_eus-gaap--DistributionMadeToLimitedPartnerDistributionDate_dd_zGIdF6eLnDL7" style="width: 17%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Payment of Distribution</span></td> <td style="width: 1%; text-align: center"> </td> <td style="width: 12%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">$/  Unit</span></td> <td style="width: 2%; text-align: center"> </td> <td style="width: 1%; text-align: center"> </td> <td id="xdx_485_eus-gaap--DistributionMadeToLimitedPartnerCashDistributionsPaid_pn3n3_zTnvJUlENNGf" style="width: 13%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Amount of the declared distribution</span></td> <td style="vertical-align: bottom; width: 1%"> </td></tr> <tr id="xdx_41E_20180101__20180430_z2ROLyLNHbUe" style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">April 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">March 31, 2018</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">May 10, 2018</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">May 14, 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20180101__20180430_ziafhCEPdq2i" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,420</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_417_20180101__20180731_zngkwT8SeIrl"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">July 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">June 30, 2018</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">August 7, 2018</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">August 10, 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20180101__20180731_zomA3sgiTXx5" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,420</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_41F_20180101__20181031_zSeWz3zWvRve" style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">October 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">September 30, 2018</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">November 7, 2018</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">November 14, 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20180101__20181031_zvmRITgETStd" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,420</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_41C_20190101__20190131_zAxvpvHsd6sa"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">January 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">February 11, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">February 14, 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20190101__20190131_zX2og0LRDqs6" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,458</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_41D_20190101__20190430_z3YzT83y7lii" style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">April 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">March 31, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">May 10, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">May 14, 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20190101__20190430_z5p1DKpUfmka" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,364</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_413_20190101__20190731_zXc5qbWMCu2l"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">July 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">June 30, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">August 6, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">August 9, 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20190101__20190731_zL5VcVOi7SC4" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,364</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_410_20190101__20191031_zYRGl6zxpH1" style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">October 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">September 30, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">November 7, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">November 14, 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20190101__20191031_zrnB2Q7tCzf9" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,364</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_411_20200101__20200131_zbKWCEVgzhgf"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">January 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">February 11, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">February 13, 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20200101__20200131_zO6CBsrlmjYe" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,365</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_412_20200101__20200430_z51EVyA5qb0g" style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">April 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">March 31, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">May 11, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">May 14, 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20200101__20200430_z0WBW4ipSsMl" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,366</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_415_20200101__20200731_zHG2vyjVNGkh"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">July 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">June 30, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">August 10, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">August 13, 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20200101__20200731_zQdnroL1yzx2" title="Cash distribution declared per unit">0.05</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">562</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_419_20200101__20201031_zEsEnibcFUci" style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">October 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">September 30, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">November 9, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">November 13, 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20200101__20201031_zTvoifTS87lk" title="Cash distribution declared per unit">0.05</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">579 </span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_412_20210101__20210131_zbRf3LWuNQTg"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">January 2021</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">December 31,2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">February 9, 2021</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">February 12, 2021</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20210101__20210131_zdQqFM3EzIn2" title="Cash distribution declared per unit">0.05</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">579</span></td> <td style="vertical-align: bottom"> </td></tr> </table> <p id="xdx_8AC_zni4dxKCacpf" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Navios Partners calculates earnings per unit by allocating reported net income for each period to each class of units based on the distribution waterfall for available cash specified in Navios Partners’ partnership agreement, net of the unallocated earnings (or losses). Basic earnings/(losses) per unit is determined by dividing net income/(loss) attributable to Navios Partners common unitholders by the weighted average number of common units outstanding during the period. Diluted earnings per unit is calculated in the same manner as basic earnings per unit, except that the weighted average number of outstanding units increased to include the dilutive effect of outstanding unit options or phantom units. Net loss per unit undistributed is determined by taking the distributions in excess of net income and allocating between common units and general partner units on a <span id="xdx_90A_ecustom--NetIncomeLossAllocationToEachClassUnit_iI_dp_c20201231__us-gaap--StatementClassOfStockAxis__custom--LimitedSubordinatedPartnerMember_zJ1kAeDxq97b">98%</span>-<span id="xdx_909_ecustom--NetIncomeLossAllocationToEachClassUnit_iI_dp_c20201231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember_z9hblTpdGM8h">2%</span> basis. There were no options or phantom units outstanding during each of the years ended December 31, 2020, 2019 and 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The calculations of the basic and diluted earnings per unit are presented below.</p> <p id="xdx_894_ecustom--ScheduleEarningsPerUnitBasicDilutedTableTextBlock_zOnatzacxurh" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8BE_zxaoPeABRg77" style="display: none">Cash distribution and earnings per unit - Schedule of earnings per unit, Basic and Diluted</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_494_20200101__20201231_zo339I4ZUBhh" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b><br/> <b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_494_20190101__20191231_zt1GVxVto5F7" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b><br/> <b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_499_20180101__20181231_zh5vvzEZrb99" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b><br/> <b>December 31,</b><br/> <b>2018</b></span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_40C_eus-gaap--NetIncomeLoss_zjvzG9i3V86" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Net loss</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(68,541)</span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(62,134)</span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(13,081)</span></td> <td style="width: 2%"> </td></tr> <tr id="xdx_40E_eus-gaap--NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDilutedAbstract_iB_zu9hgYZfQ6e4" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Loss attributable to:</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common unitholders</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--NetIncomeLoss_i01_pn3n3_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zresW2k3p3Qc">(67,173)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_eus-gaap--NetIncomeLoss_i01_pn3n3_c20190101__20191231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_z4jfs67Kktt8">(60,899)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--NetIncomeLoss_i01_pn3n3_c20180101__20181231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_z1shGJV1OsFa">(12,819)</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Weighted average units outstanding (basic and diluted)</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common unitholders</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--WeightedAverageLimitedPartnershipUnitsOutstanding_i01_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zLCkP8WWgGw5">10,966,518</span></span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_eus-gaap--WeightedAverageLimitedPartnershipUnitsOutstanding_i01_pip0_c20190101__20191231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zcvVevFnIp96">10,830,959</span></span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--WeightedAverageLimitedPartnershipUnitsOutstanding_i01_pip0_c20180101__20181231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zYDkLq3xfT1h">10,823,591</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Loss per unit (basic and diluted):</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common unitholders</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_ecustom--NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicDiluted_i01_pip0_uUSDPShares_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zYxPHB2ViQ6l">(6.13)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_ecustom--NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicDiluted_i01_pip0_uUSDPShares_c20190101__20191231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zLP1TzV5XXre">(5.62)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_ecustom--NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicDiluted_i01_pip0_uUSDPShares_c20180101__20181231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zQwAizB4XyZ2">(1.18)</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Earnings per unit - distributed (basic and diluted):</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common unitholders</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_ecustom--NetIncomeLossPerOutstandingUnitDistributedBasicDiluted_i01_pip0_uUSDPShares_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zk7yBT2j6AH5">0.45</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_ecustom--NetIncomeLossPerOutstandingUnitDistributedBasicDiluted_i01_pip0_uUSDPShares_c20190101__20191231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zECB1obhGGMg">1.22</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_ecustom--NetIncomeLossPerOutstandingUnitDistributedBasicDiluted_i01_pip0_uUSDPShares_c20180101__20181231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_z4joANYSdGD4">1.24</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Loss per unit - undistributed (basic and diluted):</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common unitholders</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--NetIncomeLossPerOutstandingUnitUndistributedBasicDiluted_i01_pip0_uUSDPShares_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zcjRgzaqFxV6">(6.58)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_ecustom--NetIncomeLossPerOutstandingUnitUndistributedBasicDiluted_i01_pip0_uUSDPShares_c20190101__20191231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zrKascgnA9Gg">(6.84)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_ecustom--NetIncomeLossPerOutstandingUnitUndistributedBasicDiluted_i01_pip0_uUSDPShares_c20180101__20181231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zC3q0SkMVsXd">(2.43)</span></span></td> <td> </td></tr> </table> <p id="xdx_8A8_zWePaNLxR2V3" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Potential common units of <span id="xdx_901_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20200101__20201231_zGa64ojz4T19">92,699</span>, <span id="xdx_909_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20190101__20191231_zSgCh8IX2CF">146,541</span> and <span id="xdx_902_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20180101__20181231_zPBvIkn2xW32">210,274</span> relating to unvested restricted common units for each of the years ended December 31, 2020, 2019 and 2018, respectively, have an anti-dilutive effect (i.e. those that increase income per unit or decrease loss per unit) and are therefore excluded from the calculation of diluted earnings per unit.</p> <p id="xdx_898_eus-gaap--ScheduleOfIncentiveDistributionsMadeToManagingMembersOrGeneralPartnersByDistributionTextBlock_zdmKazyXZ97i" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt"> <span id="xdx_8B5_z8BcCvmdKVs2" style="display: none">Cash distributions and earnings per unit - Schedule Of Incentive Distributions Made To General Partners Or Unitholders By Distribution</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="font: 4pt/2pt Times New Roman, Times, Serif; padding-left: 7.2pt"> </td> <td style="font: 4pt/2pt Times New Roman, Times, Serif; padding-left: 7.2pt"> </td> <td colspan="3" style="padding-left: 7.2pt"> <p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Marginal Percentage<br/> Interest in<br/> Distributions</b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="font: 4pt/2pt Times New Roman, Times, Serif; width: 34%; padding-left: 7.2pt"> </td> <td style="width: 26%; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 8pt/107% Times New Roman, Times, Serif"><b>Total Quarterly Distribution<br/> Target Amount</b></span></td> <td style="width: 14%; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 8pt/107% Times New Roman, Times, Serif"><b>Common<br/> Unitholders </b></span></td> <td style="width: 15%; padding-left: 7.2pt"> <p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Incentive<br/> Distribution<br/> Right Holder </b></p> <div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> </td> <td style="width: 11%; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 8pt/107% Times New Roman, Times, Serif"><b> General<br/> Partner </b></span></td></tr> <tr> <td style="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Minimum Quarterly Distribution</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 10pt/107% Times New Roman, Times, Serif">up to $<span id="xdx_90F_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember_z73d30X61Lyc">5.25</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90A_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember_zP2govRbueM8">98%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_909_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_dp0_c20200101__20201231__us-gaap--IncentiveDistributionMadeToManagingMemberOrGeneralPartnerAxis__custom--IncentiveDistributionRightHolderMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember_zmM29Qzl5P7h">—</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_903_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--MinimumQuarterlyDistributionMember_zr405KHYhPf9">2%</span></span></td></tr> <tr style="background-color: #CCECFF"> <td style="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">First Target Distribution</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 10pt/107% Times New Roman, Times, Serif">up to $<span id="xdx_903_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember_zxvaBj77jc9f">6.0375</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90D_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember_zddocY9uFeP">98%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_900_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_dp0_c20200101__20201231__us-gaap--IncentiveDistributionMadeToManagingMemberOrGeneralPartnerAxis__custom--IncentiveDistributionRightHolderMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember_zQCnwuFbkeh8">—</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_902_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--FirstTargetDistributionMember_zGbfmHr6jIO5">2%</span></span></td></tr> <tr> <td style="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Second Target Distribution</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 10pt/107% Times New Roman, Times, Serif">above $ <span id="xdx_903_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember__srt--RangeAxis__srt--MinimumMember_zO2rSDH6FX7h">6.0375</span> up to $<span id="xdx_906_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember__srt--RangeAxis__srt--MaximumMember_zBvTf0U57wp8">6.5625</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90E_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember_zg5raUktvt7f">85%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90B_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp0_c20200101__20201231__us-gaap--IncentiveDistributionMadeToManagingMemberOrGeneralPartnerAxis__custom--IncentiveDistributionRightHolderMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember_zx5osf9rcdh4">13%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90C_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--SecondTargetDistributionMember_zSDmD2d7tJm7">2%</span></span></td></tr> <tr style="background-color: #CCECFF"> <td style="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Third Target Distribution</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 10pt/107% Times New Roman, Times, Serif">above $<span id="xdx_90E_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember__srt--RangeAxis__srt--MinimumMember_zQM9hBho0gp3">6.5625</span> up to $<span id="xdx_900_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember__srt--RangeAxis__srt--MaximumMember_zztHIr5IkrSh">7.875</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90C_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember_z8T7S2UqwOUa">75%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_903_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp0_c20200101__20201231__us-gaap--IncentiveDistributionMadeToManagingMemberOrGeneralPartnerAxis__custom--IncentiveDistributionRightHolderMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember_zTlXwo5kfCoj">23%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_901_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThirdTargetDistributionMember_zJafj1EseVGg">2%</span></span></td></tr> <tr> <td style="font: 12pt Times New Roman, Times, Serif; vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-size: 10pt">Thereafter</span></td> <td style="white-space: nowrap; vertical-align: bottom; padding-left: 7.2pt; text-align: center; line-height: 107%"><span style="font: 10pt/107% Times New Roman, Times, Serif">above $<span id="xdx_909_ecustom--DistributionPerUnit_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__custom--TotalQuarterlyDistributionTargetAmountMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember_zWJpFbkWPIRe">7.875</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90C_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember_zdL0GabxqQcj">50%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_905_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp0_c20200101__20201231__us-gaap--IncentiveDistributionMadeToManagingMemberOrGeneralPartnerAxis__custom--IncentiveDistributionRightHolderMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember_zJ4puJj9JcBl">48%</span></span></td> <td style="font: 12pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; padding-bottom: 1pt; text-align: right"><span style="font-size: 10pt"> <span id="xdx_90F_ecustom--PercentageAllocationsOfAdditionalAvailableCashAmongUnitholders_pip0_dp_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--GeneralPartnerMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--ThereafterTargetDistributionMember_zZ2y7LGNiJcb">2%</span></span></td></tr> </table> 5.25 0.98 0 0.02 6.0375 0.98 0 0.02 6.0375 6.5625 0.85 0.13 0.02 6.5625 7.875 0.75 0.23 0.02 7.875 0.50 0.48 0.02 The first 98% of the quarterly distribution is paid to all common unitholders. The incentive distributions rights (held by Navios GP L.L.C.) apply only after a minimum quarterly distribution of $6.0375. <p id="xdx_893_eus-gaap--DistributionsMadeToLimitedPartnerByDistributionTableTextBlock_zpbXopiYuxn6" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The authorized quarterly cash dristributions for all quarters during the years ended December 2020, 2019, 2018, are presented below:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8BF_zqRfK90Btew7" style="display: none">Cash distributions and earnings per unit - Distributions for all quarters</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 16%; padding-left: 7.7pt; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Date</span> </td> <td id="xdx_487_eus-gaap--DistributionMadeToLimitedPartnerDeclarationDate_dd_zFY4w0pOL9Xa" style="width: 20%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Authorized Quarterly Cash Distribution for the three months ended</span></td> <td id="xdx_481_eus-gaap--DistributionMadeToLimitedPartnerDateOfRecord_dd_zOwAb6JXo2Sl" style="width: 17%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Date of record of Common and General Partner unit Unitholders</span></td> <td id="xdx_484_eus-gaap--DistributionMadeToLimitedPartnerDistributionDate_dd_zGIdF6eLnDL7" style="width: 17%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Payment of Distribution</span></td> <td style="width: 1%; text-align: center"> </td> <td style="width: 12%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">$/  Unit</span></td> <td style="width: 2%; text-align: center"> </td> <td style="width: 1%; text-align: center"> </td> <td id="xdx_485_eus-gaap--DistributionMadeToLimitedPartnerCashDistributionsPaid_pn3n3_zTnvJUlENNGf" style="width: 13%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">Amount of the declared distribution</span></td> <td style="vertical-align: bottom; width: 1%"> </td></tr> <tr id="xdx_41E_20180101__20180430_z2ROLyLNHbUe" style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">April 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">March 31, 2018</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">May 10, 2018</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">May 14, 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20180101__20180430_ziafhCEPdq2i" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,420</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_417_20180101__20180731_zngkwT8SeIrl"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">July 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">June 30, 2018</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">August 7, 2018</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">August 10, 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20180101__20180731_zomA3sgiTXx5" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,420</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_41F_20180101__20181031_zSeWz3zWvRve" style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">October 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">September 30, 2018</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">November 7, 2018</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">November 14, 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20180101__20181031_zvmRITgETStd" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,420</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_41C_20190101__20190131_zAxvpvHsd6sa"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">January 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2018</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">February 11, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">February 14, 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20190101__20190131_zX2og0LRDqs6" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,458</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_41D_20190101__20190430_z3YzT83y7lii" style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">April 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">March 31, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">May 10, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">May 14, 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20190101__20190430_z5p1DKpUfmka" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,364</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_413_20190101__20190731_zXc5qbWMCu2l"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">July 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">June 30, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">August 6, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">August 9, 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20190101__20190731_zL5VcVOi7SC4" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,364</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_410_20190101__20191031_zYRGl6zxpH1" style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">October 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">September 30, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">November 7, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">November 14, 2019</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20190101__20191031_zrnB2Q7tCzf9" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,364</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_411_20200101__20200131_zbKWCEVgzhgf"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">January 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2019</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">February 11, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">February 13, 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20200101__20200131_zO6CBsrlmjYe" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,365</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_412_20200101__20200430_z51EVyA5qb0g" style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">April 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">March 31, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">May 11, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">May 14, 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20200101__20200430_z0WBW4ipSsMl" title="Cash distribution declared per unit">0.30</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">3,366</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_415_20200101__20200731_zHG2vyjVNGkh"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">July 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">June 30, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">August 10, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">August 13, 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20200101__20200731_zQdnroL1yzx2" title="Cash distribution declared per unit">0.05</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">562</span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_419_20200101__20201031_zEsEnibcFUci" style="background-color: #CCECFF"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">October 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">September 30, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">November 9, 2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">November 13, 2020</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20200101__20201031_zTvoifTS87lk" title="Cash distribution declared per unit">0.05</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">579 </span></td> <td style="vertical-align: bottom"> </td></tr> <tr id="xdx_412_20210101__20210131_zbRf3LWuNQTg"> <td style="vertical-align: bottom; padding-left: 7.7pt"><span style="font: 10pt Times New Roman, Times, Serif">January 2021</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">December 31,2020</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">February 9, 2021</span></td> <td style="vertical-align: top"><span style="font: 10pt Times New Roman, Times, Serif">February 12, 2021</span></td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_pip0_uUSDPShares_c20210101__20210131_zdQqFM3EzIn2" title="Cash distribution declared per unit">0.05</span></span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="vertical-align: bottom; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">579</span></td> <td style="vertical-align: bottom"> </td></tr> </table> 2018-03-31 2018-05-10 2018-05-14 0.30 3420000 2018-06-30 2018-08-07 2018-08-10 0.30 3420000 2018-09-30 2018-11-07 2018-11-14 0.30 3420000 2018-12-31 2019-02-11 2019-02-14 0.30 3458000 2019-03-31 2019-05-10 2019-05-14 0.30 3364000 2019-06-30 2019-08-06 2019-08-09 0.30 3364000 2019-09-30 2019-11-07 2019-11-14 0.30 3364000 2019-12-31 2020-02-11 2020-02-13 0.30 3365000 2020-03-31 2020-05-11 2020-05-14 0.30 3366000 2020-06-30 2020-08-10 2020-08-13 0.05 562000 2020-09-30 2020-11-09 2020-11-13 0.05 579000 2020-12-31 2021-02-09 2021-02-12 0.05 579000 0.98 0.02 <p id="xdx_894_ecustom--ScheduleEarningsPerUnitBasicDilutedTableTextBlock_zOnatzacxurh" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8BE_zxaoPeABRg77" style="display: none">Cash distribution and earnings per unit - Schedule of earnings per unit, Basic and Diluted</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_494_20200101__20201231_zo339I4ZUBhh" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b><br/> <b>December 31,</b><br/> <b>2020</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_494_20190101__20191231_zt1GVxVto5F7" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b><br/> <b>December 31,</b><br/> <b>2019</b></span></td> <td style="text-align: center"> </td> <td style="border-bottom: black 1pt solid; text-align: center"> </td> <td id="xdx_499_20180101__20181231_zh5vvzEZrb99" style="border-bottom: black 1pt solid; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Year Ended</b><br/> <b>December 31,</b><br/> <b>2018</b></span></td> <td style="text-align: center"> </td></tr> <tr id="xdx_40C_eus-gaap--NetIncomeLoss_zjvzG9i3V86" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Net loss</span></td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(68,541)</span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(62,134)</span></td> <td style="width: 2%"> </td> <td style="width: 1%"><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="width: 12%; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">(13,081)</span></td> <td style="width: 2%"> </td></tr> <tr id="xdx_40E_eus-gaap--NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDilutedAbstract_iB_zu9hgYZfQ6e4" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Loss attributable to:</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common unitholders</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--NetIncomeLoss_i01_pn3n3_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zresW2k3p3Qc">(67,173)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90D_eus-gaap--NetIncomeLoss_i01_pn3n3_c20190101__20191231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_z4jfs67Kktt8">(60,899)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_eus-gaap--NetIncomeLoss_i01_pn3n3_c20180101__20181231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_z1shGJV1OsFa">(12,819)</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Weighted average units outstanding (basic and diluted)</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common unitholders</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--WeightedAverageLimitedPartnershipUnitsOutstanding_i01_pip0_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zLCkP8WWgGw5">10,966,518</span></span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_eus-gaap--WeightedAverageLimitedPartnershipUnitsOutstanding_i01_pip0_c20190101__20191231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zcvVevFnIp96">10,830,959</span></span></td> <td> </td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_eus-gaap--WeightedAverageLimitedPartnershipUnitsOutstanding_i01_pip0_c20180101__20181231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zYDkLq3xfT1h">10,823,591</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Loss per unit (basic and diluted):</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common unitholders</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_903_ecustom--NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicDiluted_i01_pip0_uUSDPShares_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zYxPHB2ViQ6l">(6.13)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_902_ecustom--NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicDiluted_i01_pip0_uUSDPShares_c20190101__20191231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zLP1TzV5XXre">(5.62)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_ecustom--NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicDiluted_i01_pip0_uUSDPShares_c20180101__20181231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zQwAizB4XyZ2">(1.18)</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Earnings per unit - distributed (basic and diluted):</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common unitholders</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90B_ecustom--NetIncomeLossPerOutstandingUnitDistributedBasicDiluted_i01_pip0_uUSDPShares_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zk7yBT2j6AH5">0.45</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_ecustom--NetIncomeLossPerOutstandingUnitDistributedBasicDiluted_i01_pip0_uUSDPShares_c20190101__20191231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zECB1obhGGMg">1.22</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_ecustom--NetIncomeLossPerOutstandingUnitDistributedBasicDiluted_i01_pip0_uUSDPShares_c20180101__20181231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_z4joANYSdGD4">1.24</span></span></td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Loss per unit - undistributed (basic and diluted):</span></td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">Common unitholders</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_908_ecustom--NetIncomeLossPerOutstandingUnitUndistributedBasicDiluted_i01_pip0_uUSDPShares_c20200101__20201231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zcjRgzaqFxV6">(6.58)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_ecustom--NetIncomeLossPerOutstandingUnitUndistributedBasicDiluted_i01_pip0_uUSDPShares_c20190101__20191231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zrKascgnA9Gg">(6.84)</span></span></td> <td> </td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_ecustom--NetIncomeLossPerOutstandingUnitUndistributedBasicDiluted_i01_pip0_uUSDPShares_c20180101__20181231__us-gaap--StatementClassOfStockAxis__us-gaap--LimitedPartnerMember_zC3q0SkMVsXd">(2.43)</span></span></td> <td> </td></tr> </table> -68541000 -62134000 -13081000 -67173000 -60899000 -12819000 10966518 10830959 10823591 -6.13 -5.62 -1.18 0.45 1.22 1.24 -6.58 -6.84 -2.43 92699 146541 210274 <p id="xdx_801_eus-gaap--OtherIncomeAndOtherExpenseDisclosureTextBlock_zRtDJ7Jlld89" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 21 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>OTHER INCOME, EXPENSE, NET</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_826_zkokTQKAYBS8" style="display: none">Other income</span> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of December 31, 2020, the amount of $<span id="xdx_909_eus-gaap--AllowanceForDoubtfulAccountsReceivableRecoveries_pn3n3_c20200101__20201231__srt--StatementScenarioAxis__custom--SettlementOfClaimsMember_z01tYaHj0Eak" title="Other income">2,697</span> relating to settlement of claims and recovery of other receivables of one of the Company’s vessels is included under the caption “Other income” of the Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On November 15, 2012 (as amended and supplemented in March 2014, December 2017 and July 2019), Navios Holdings and Navios Partners entered into the Navios Holdings Guarantee by which Navios Holdings would provide supplemental credit default insurance with a maximum cash payment of $<span id="xdx_909_ecustom--SupplementalCreditDefaultInsuranceMaximumCashPayment_pn3n3_c20120101__20121115__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zHXT8bsCw371" title="Supplemental credit default insurance maximum cash payment">20,000</span>. In October 2020, Navios Holdings paid an amount of $<span id="xdx_90F_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20200101__20201031__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsIIMember_zIB70R4KERDf">5,000</span> to Navios Partners. As of December 31, 2020 and 2019, the outstanding claim receivable amounted to $<span id="xdx_908_eus-gaap--ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability_iI_pn3n3_c20201231__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zvYTRxF6dwEl">5,000</span> and $<span id="xdx_900_eus-gaap--ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability_iI_pn3n3_c20191231__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zR9GBrlM766e" title="Outstanding claim payable">10,000</span>, respectively. The final settlement of the amount from Navios Holdings will take place at specific date, in accordance with a signed letter of agreement between the parties. The guarantee claim receivable is presented under the caption “Amounts due from related parties-short term” in the Consolidated Balance Sheets as of December 31, 2020. As of December 31, 2019, the amount of $<span id="xdx_90B_eus-gaap--OtherExpenses_pn3n3_c20190101__20191231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NaviosHoldingsMember_zllum80UJvJd" title="Other Expenses">3,638</span> related to the change in estimate of the guarantee claim receivable and is included under the caption “Other expense” of the Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of December 31, 2018, the amount of $<span id="xdx_90F_eus-gaap--AllowanceForDoubtfulAccountsReceivableWriteOffs_pn3n3_c20180101__20181231_z9rP7Kd1wJ3" title="Write down of guarantee claim receivable">2,000</span> related to reassessment 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 $<span id="xdx_904_eus-gaap--FinancialGuaranteeInsuranceContractsPremiumsReceivableAccretionOfDiscountOnPremiumReceivable_iB_pn3n3_c20180101__20181231__dei--LegalEntityAxis__custom--NaviosHoldingsIIMember_zEMBtxutzHk3" title="Discount of the Navios Holding Guarantee">777</span> related to the discount of the Navios Holdings Guarantee is included under the caption “Other expense” of the Consolidated Statements of Operations.</p> 2697000 20000000 5000000 5000000 10000000 3638000 2000000 777000 <p id="xdx_80D_eus-gaap--OperatingLeasesOfLessorDisclosureTextBlock_zjVHXewsfyja" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 22 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>LEASES</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_82B_zOh9EgmBypk5" style="font-family: Times New Roman, Times, Serif"><b style="display: none">Leases</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><b>Time charter out contracts and pooling arrangements </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The Company's contract revenues from time chartering and pooling arrangements are governed by ASC 842. Upon adoption of ASC 842, the timing and recognition of earnings from the time charter contracts and pool arrangements to which the Company is party did not change from previous practice. For further analysis, (see Note 2— Summary of Significant Accounting Policies).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt"><b>Bareboat charter-in contract </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On July 24, 2019, Navios Partners took delivery of the <span id="xdx_90B_ecustom--EntityVesselName_c20190101__20190724__us-gaap--RelatedPartyTransactionAxis__custom--BareboatCharterInContractMember_znIroZxSfWNg">Navios Libra</span>, a <span id="xdx_906_ecustom--VesselYearBuilt_c20190101__20190724__us-gaap--RelatedPartyTransactionAxis__custom--BareboatCharterInContractMember_zmvJkv9kWqz3">2019</span>-built <span id="xdx_90E_ecustom--VesselType_c20190101__20190724__us-gaap--RelatedPartyTransactionAxis__custom--BareboatCharterInContractMember_zotcyT3Jahg6">Panamax </span>vessel of <span id="xdx_901_ecustom--VesselCapacity_uPure_c20190101__20190724__us-gaap--RelatedPartyTransactionAxis__custom--BareboatCharterInContractMember_zyqOBIFjXbRd">82,011 </span>dwt, for a <span id="xdx_909_eus-gaap--LesseeOperatingLeaseTermOfContract_iI_dt_c20190724__us-gaap--RelatedPartyTransactionAxis__custom--BareboatCharterInContractMember_zWyOTcIJ4Kdc">ten year </span>bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year and an average daily rate of $<span id="xdx_901_ecustom--CharterHireDailyRate_pn3n3_c20190101__20190724__us-gaap--RelatedPartyTransactionAxis__custom--BareboatCharterInContractMember_zPHws0WMyfT2">6</span>. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is an Operating Lease. Consequently, the Company has recognized an Operating Lease Liability based on the net present value of the remaining charter-in payments and a right-of-use asset at an amount equal to the operating liability adjusted for the carrying amount of the straight-line liability.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">Based on management estimates and market conditions, the lease term of this lease is being assessed at each balance sheet date. At lease commencement, the Company determines a discount rate to calculate the present value of the lease payments so that it can determine lease classification and measure the lease liability. In determining the discount rate to be used at lease commencement, the Company used its incremental borrowing rate as there was no implicit rate included in charter-in contracts that can be readily determinable. The incremental borrowing rate is the rate that reflects the interest a lessee would have to pay to borrow funds on a collateralized basis over a similar term and in a similar economic environment. The Company then applied the respective incremental borrowing rate based on the remaining lease term of the specific lease. As of July 24, 2019, Navios Partners' incremental borrowing rate was approximately <span id="xdx_900_eus-gaap--LesseeOperatingLeaseDiscountRate_iI_uPure_c20190724__us-gaap--RelatedPartyTransactionAxis__custom--BareboatCharterInContractMember_zr6oT4Xfas95" title="Discount rate">7%</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of December 31, 2020 and December 31, 2019 the unamortized balance of the lease liability amounted $<span id="xdx_903_eus-gaap--OperatingLeaseLiability_iI_pn3n3_c20201231_zy2OlRT3a1De">13,153</span> and $<span id="xdx_90E_eus-gaap--OperatingLeaseLiability_iI_pn3n3_c20191231_zzEw6BN1xaRh">14,201</span>, respectively, and is presented under the captions “Operating Lease Liabilities, current and non-current portion” in the Consolidated Balance Sheets. Right of use asset amounted $<span id="xdx_90C_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pn3n3_c20201231_zc9TgB5eB1Y3" title="Operating lease right of us asset">13,285</span> and $<span id="xdx_903_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pn3n3_c20191231_zVNYsUBnwax1">14,241</span> as at December 31, 2020 and December 31, 2019, respectively, and is presented under the caption “Operating lease assets” in the Consolidated Balance Sheets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">The Company recognizes the lease payments for its operating leases as charter hire on a straight-line basis over the lease term. Lease expense for the year ended December 31, 2020 amounted to $<span id="xdx_90C_eus-gaap--OperatingLeaseExpense_pn3n3_c20200101__20201231_zD7ocgz9Ovch" title="Lease expense">2,086</span>, in comparison to $<span id="xdx_907_eus-gaap--OperatingLeaseExpense_pn3n3_c20190101__20191231_zhnWehBrrZm8">918</span> for the corresponding year ended December 31, 2019 and is included under the caption “Time charter and voyage expenses” in the Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">As of December 31, 2020 and 2019, the Company proceeded with step one of impairment assessment of the unamortized balance of the Right of use asset in relation to vessel Navios Libra. As the undiscounted projected net operating cash flows exceed the carrying value of the right-of-use asset, no impairment loss was recognized as of December 31, 2020 and 2019.</p> <p id="xdx_898_ecustom--MinimumFutureCharterRevenuesTableTextBlock_z8F0ND3J3Ix8" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"> The table below provides the total amount of lease payments on an undiscounted basis on the Company’s chartered-in contracts as of December 31, 2020:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8B7_zeTEvojPFl9k" style="display: none">Leases</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 84%; padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td id="xdx_493_20201231_zcjom1lQZkp2" style="border-bottom: black 1pt solid; width: 14%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Charter-in</b><br/> <b>vessels in</b><br/> <b>operation</b> </span></td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td></tr> <tr id="xdx_404_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueCurrent_iI_pn3n3_maOLFMPzjUB_z4bArK05sezc" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2021</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,172</span></td> <td> </td></tr> <tr id="xdx_409_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInTwoYears_iI_pn3n3_maOLFMPzjUB_zD8hnnWxyBPl" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2022</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,132</span></td> <td> </td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInThreeYears_iI_pn3n3_maOLFMPzjUB_zHoIRLEVjcG5" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2023</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,081</span></td> <td> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInFourYears_iI_pn3n3_maOLFMPzjUB_zICiva10Etzk" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2024</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,086</span></td> <td> </td></tr> <tr id="xdx_408_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInFiveYears_iI_pn3n3_maOLFMPzjUB_zjIu6FQhmh54" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2025</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,081</span></td> <td> </td></tr> <tr id="xdx_401_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueThereafter_iI_pn3n3_maOLFMPzjUB_zvwbL6UkDuM8" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2026 and thereafter</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">7,141</span></td> <td> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeasesFutureMinimumPaymentsDue_iTI_pn3n3_mtOLFMPzjUB_zttUvteWT59c" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>17,693</b></span></td> <td> </td></tr> <tr id="xdx_402_eus-gaap--OperatingLeaseLiability_iI_pn3n3_zxKLHbEXFKI8" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Operating lease liabilities, including current portion</b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>13,153</b></span></td> <td> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iI_pn3n3_zDKXBq6DtWCl" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Discount based on incremental borrowing rate</b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>4,540</b></span></td> <td> </td></tr> </table> <p id="xdx_8A1_zlldcHoIvoe3" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 24.5pt"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 24.5pt"><b>Sale and Lease Back Agreements </b></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">During 2019 and 2018 the Company has entered into sale and leaseback agreements with unrelated third parties for five vessels of the Company's fleet. Navios Partners has purchase obligations to acquire the vessels at the end of the lease terms, consequently under ASC 842-40 the transfers of the vessels were determined to be failed sales and were treated as financing transactions. The vessels were not derecognized and continue to be depreciated over their respective useful lives, and tested for impairment as per Company's policy (see Note 10— Borrowings).</span></p> Navios Libra 2019 Panamax 82011 P10Y 6000 0.07 13153000 14201000 13285000 14241000 2086000 918000 <p id="xdx_898_ecustom--MinimumFutureCharterRevenuesTableTextBlock_z8F0ND3J3Ix8" style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"> The table below provides the total amount of lease payments on an undiscounted basis on the Company’s chartered-in contracts as of December 31, 2020:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span id="xdx_8B7_zeTEvojPFl9k" style="display: none">Leases</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 84%; padding-left: 7.2pt"> </td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td> <td id="xdx_493_20201231_zcjom1lQZkp2" style="border-bottom: black 1pt solid; width: 14%; text-align: center"><span style="font: 9pt Times New Roman, Times, Serif"><b>Charter-in</b><br/> <b>vessels in</b><br/> <b>operation</b> </span></td> <td style="border-bottom: black 1pt solid; width: 1%; text-align: center"> </td></tr> <tr id="xdx_404_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueCurrent_iI_pn3n3_maOLFMPzjUB_z4bArK05sezc" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2021</span></td> <td><span style="font: 10pt Times New Roman, Times, Serif">$</span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,172</span></td> <td> </td></tr> <tr id="xdx_409_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInTwoYears_iI_pn3n3_maOLFMPzjUB_zD8hnnWxyBPl" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2022</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,132</span></td> <td> </td></tr> <tr id="xdx_40F_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInThreeYears_iI_pn3n3_maOLFMPzjUB_zHoIRLEVjcG5" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2023</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,081</span></td> <td> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInFourYears_iI_pn3n3_maOLFMPzjUB_zICiva10Etzk" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2024</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,086</span></td> <td> </td></tr> <tr id="xdx_408_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInFiveYears_iI_pn3n3_maOLFMPzjUB_zjIu6FQhmh54" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2025</span></td> <td> </td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">2,081</span></td> <td> </td></tr> <tr id="xdx_401_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueThereafter_iI_pn3n3_maOLFMPzjUB_zvwbL6UkDuM8" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif">December 31, 2026 and thereafter</span></td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif">7,141</span></td> <td> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeasesFutureMinimumPaymentsDue_iTI_pn3n3_mtOLFMPzjUB_zttUvteWT59c" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></span></td> <td style="border-bottom: black 2.25pt double"><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>17,693</b></span></td> <td> </td></tr> <tr id="xdx_402_eus-gaap--OperatingLeaseLiability_iI_pn3n3_zxKLHbEXFKI8" style="vertical-align: bottom"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Operating lease liabilities, including current portion</b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>13,153</b></span></td> <td> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iI_pn3n3_zDKXBq6DtWCl" style="vertical-align: bottom; background-color: #CCECFF"> <td style="padding-left: 12pt; text-indent: -12pt"><span style="font: 10pt Times New Roman, Times, Serif"><b>Discount based on incremental borrowing rate</b></span></td> <td><span style="font: 10pt Times New Roman, Times, Serif"><b>$</b></span></td> <td style="text-align: right"><span style="font: 10pt Times New Roman, Times, Serif"><b>4,540</b></span></td> <td> </td></tr> </table> 2172000 2132000 2081000 2086000 2081000 7141000 17693000 13153000 4540000 <p id="xdx_80D_eus-gaap--SubsequentEventsTextBlock_zLJACxX9dIp4" style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 23 </b></span>– <span style="font-family: Times New Roman, Times, Serif"><b>SUBSEQUENT EVENTS</b></span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_824_zI7u65fNENYk" style="display: none">Subsequent events</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 24.5pt; text-align: justify">On January 4, 2021, Navios Containers and the Company announced that they entered into a definitive merger agreement under which the Company will acquire all of the publicly held common units of Navios Containers in exchange for common units of the Company (the “Transaction”). Under the terms of the Transaction, public unitholders of Navios Containers will receive <span id="xdx_904_ecustom--NumberOfunitsPerOutstandingunit_iI_uPure_c20210104__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__dei--LegalEntityAxis__custom--NaviosContainersIIMember__srt--StatementScenarioAxis__custom--TransactionMember_zyhGVSIa7ID9" title="Number of units per Navios Containers outstanding unit">0.39</span> of a common unit of the Company for each outstanding common unit of Navios Containers. The Transaction was approved by the necessary common unit holders of Navios Containers at a special meeting held on March 24, 2021. The General Partner of Navios Containers has consented to the merger, and the Company voted the Navios Containers’ common units it holds in favor of the Transaction. The Transaction is expected to close on or about March 31, 2021. The expenses of this transaction are included in the General and Administrative expenses, in the Consolidated Statements of Operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 21.3pt; text-align: justify">Navios Partners intends to account for the merger “as a business combination achieved in stages,” which will result in the application of the “acquisition method,” as defined under ASC 805, Business Combinations. Navios Partners’ previously held equity interest in Navios Containers will be remeasured to its fair value at the date the controlling interest is acquired and the resulting gain/(loss) will be recognized in earnings. Under the acquisition method, the fair value of the consideration paid by Navios Partners in connection with the transaction will be allocated to Navios Containers’ net assets based on their estimated fair values at the date of the completion of the merger. The purchase price allocation is subject to finalization as Navios Partners completes the valuation of the assets acquired and liabilities assumed. The assets and liabilities and results of operations of Navios Containers will be included in Navios Partners’ consolidated results of operations from and only for periods subsequent to the closing of the acquisition.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 21.3pt; text-align: justify">On January 13, 2021, the Company completed the sale of the Esperanza N, a <span id="xdx_90E_ecustom--VesselYearBuilt_c20210101__20210113__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EsperanzaNMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zunZA1QVSMUl" title="Vessel year built">2008</span>-built Containership of <span id="xdx_909_ecustom--VesselCapacityInTEU_uPure_c20210101__20210113__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EsperanzaNMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zEJoc21l5Zh" title="Vessel capacity in TEU">2,007</span> TEU to an unrelated third party for a net sale price of $<span id="xdx_908_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20210101__20210113__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EsperanzaNMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_z2mmDNfmVk54" title="Sale price">4,559</span>. Pursuant to the sale of the vessel, an amount of $<span id="xdx_90C_eus-gaap--RepaymentsOfDebt_pn3n3_c20210101__20210113__us-gaap--LongtermDebtTypeAxis__custom--ABNAMROBankN.V.Member__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zVfN8BVTwmU9" title="Repayment of debt">3,369</span> was repaid under the ABN $23.5m Credit Facility.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 21.3pt; text-align: justify">On January 25, 2021, Navios Partners agreed to enter into a <span id="xdx_904_eus-gaap--LesseeOperatingLeaseTermOfContract_iI_dtY_c20210125__us-gaap--RelatedPartyTransactionAxis__custom--BareboatCharterInContractAgreementMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ThreeNewbuildingCapesizeVesselsMember_z35De8JRzDOa" title="Duration of bareboat charter-in agreement">15</span>-year bareboat charter-in for <span id="xdx_908_ecustom--NumberOfVessels_iI_dc_uPure_c20210125__us-gaap--RelatedPartyTransactionAxis__custom--BareboatCharterInContractAgreementMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zn42JCF0dH0h">three</span> newbuilding <span id="xdx_90D_ecustom--VesselType_dt_c20210101__20210125__us-gaap--RelatedPartyTransactionAxis__custom--BareboatCharterInContractAgreementMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zCEWTL1fntQj" title="Vessel type">Capesize</span> vessels of approximately <span id="xdx_90D_ecustom--VesselCapacity_uPure_c20210101__20210125__us-gaap--RelatedPartyTransactionAxis__custom--BareboatCharterInContractAgreementMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zKugRfPZtQ5j">180,000</span> dwt each. Navios Partners has the option to acquire the vessels after the end of the fourth year for the remaining period of the bareboat charter. The vessels are expected to be delivered by the second half of 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 21.3pt; text-align: justify">On January 28, 2021, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended December 31, 2020 of $<span id="xdx_90B_eus-gaap--DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit_c20210101__20210128__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--Installment1FY2021Member__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zzqbJVdzQ7r2">0.05</span> per unit. The distribution was paid on <span id="xdx_90E_eus-gaap--DistributionMadeToLimitedPartnerDistributionDate_dd_c20210101__20210128__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--Installment1FY2021Member__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zrcBuMf4ubS1">February 12, 2021</span> to all unitholders of common units and general partner units of record as of <span id="xdx_90F_eus-gaap--DistributionMadeToLimitedPartnerDateOfRecord_dd_c20210101__20210128__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--Installment1FY2021Member__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zop77EFJGsoa">February 9, 2021</span>. The aggregate amount of the declared distribution was $<span id="xdx_908_eus-gaap--DistributionMadeToLimitedPartnerCashDistributionsPaid_pn3n3_c20210101__20210128__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__custom--Installment1FY2021Member_zMgoVrwGYHA2">579</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 21.3pt; text-align: justify">On January 28, 2021, the Company completed the sale of the Solar N, a <span id="xdx_90A_ecustom--VesselYearBuilt_c20210101__20210128__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SolarNMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zEsVFR1ztrB7">2006</span>-built Containership of <span id="xdx_905_ecustom--VesselCapacityInTEU_uPure_c20210101__20210128__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SolarNMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zYwiN6fJxJNj">3,398</span> TEU to an unrelated third party for a net sale price of $<span id="xdx_90C_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20210101__20210128__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SolarNMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zVQ99HTaHTob">11,074</span>. Pursuant to the sale of the vessel, an amount of $<span id="xdx_907_eus-gaap--RepaymentsOfDebt_pn3n3_c20210101__20210128__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zPd35yWCb54f">3,684</span> was repaid under the Hellenic Credit Facility.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 21.3pt; text-align: justify">On February 10, 2021, the Company completed the sale of the Castor N, a <span id="xdx_907_ecustom--VesselYearBuilt_c20210101__20210210__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CastorNMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zIEpvnlRi0Re">2007</span>-built Containership of <span id="xdx_90A_ecustom--VesselCapacityInTEU_uPure_c20210101__20210210__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CastorNMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_z7PG4xyNKhll">3,091 </span>TEU to an unrelated third party for a net sale price of $<span id="xdx_902_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20210101__20210210__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CastorNMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zlHddg78coF8">8,869</span>. Pursuant to the sale of the vessel, an amount of $<span id="xdx_90B_eus-gaap--RepaymentsOfDebt_pn3n3_c20210101__20210210__us-gaap--LongtermDebtTypeAxis__custom--HellenicBankCreditFacilityMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zuYws1hEu9z">3,845 </span>was repaid under the Hellenic Credit Facility.</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 12pt 0 8pt 22.5pt; text-align: justify">On March 23, 2021, Navios Partners agreed to acquire from Navios Holdings the Navios Avior, a <span id="xdx_904_ecustom--VesselYearBuilt_c20210101__20210323__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAviorMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zwHACrGPyk32">2012 </span>built <span id="xdx_905_ecustom--VesselType_c20210101__20210323__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAviorMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zq3uiDZFhBRi">Panamax </span>vessel of <span id="xdx_90D_ecustom--VesselCapacity_uPure_c20210101__20210323__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAviorMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zjCkAlXZhZsl">81,355 </span>dwt, and the Navios Centaurus, a <span id="xdx_908_ecustom--VesselYearBuilt_c20210101__20210323__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCentaurusMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zs28vv8afon1">2012 </span>built <span id="xdx_909_ecustom--VesselType_c20210101__20210323__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCentaurusMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zTxSAduHZ7lh">Panamax </span>vessel of <span id="xdx_901_ecustom--VesselCapacity_uPure_c20210101__20210323__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCentaurusMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_z5oXMjyFKKg2">81,472 </span>dwt.. On March 30, 2021, Navios Partners completed the acquisition of the two vessels from Navios Holdings for a purchase price of $<span id="xdx_909_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20210101__20210330__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAviorAndNaviosCentaurusMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zgXIhZ3aczPc">39,250</span>, including working capital adjustments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify">On March 23, 2021, Navios Partners entered into a new credit facility with a commercial bank for a total amount of $<span id="xdx_900_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20210323__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--LongtermDebtTypeAxis__custom--NewCreditFacilityMember_z5OmnSTTrKo3">58,000</span> in order to refinance the CACIB $33.0m credit facility and to finance the acquisition of the Navios Centaurus and the Navios Avior. The credit facility matures in March 2026 and bears interest at <span id="xdx_902_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20210101__20210323__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--LongtermDebtTypeAxis__custom--NewCreditFacilityMember_zfV0I9HJrhp3" title="Interest rate description">LIBOR</span> plus <span id="xdx_901_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_dp_c20210101__20210323__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--LongtermDebtTypeAxis__custom--NewCreditFacilityMember_zKI3PZVG1oq2" title="Interest rate percentage">3%</span> per annum. On March 30, 2021, the entire amount was drawn under this loan, net of the loan’s discount of $<span id="xdx_90F_eus-gaap--DebtInstrumentUnamortizedDiscount_iI_pn3n3_c20210330__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--LongtermDebtTypeAxis__custom--NewCreditFacilityMember_zSZPkjOUmSx3">400</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify">On March 23, 2021, Navios Partners agreed to acquire from an unrelated third party a newbuilding Panamax vessel for a purchase price of $<span id="xdx_902_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20210101__20210323__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NewbuildingPanamaxVesselMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_z8XUiyhl7a9j">31,580</span>. The vessel has approximately <span id="xdx_905_ecustom--VesselCapacity_uPure_c20210101__20210323__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NewbuildingPanamaxVesselMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zCL7x8k2k2ad" title="Vessel capacity">81,000</span> dwt and is expected to be delivered into Navios Partners’ fleet during the second half of 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify">On March 25, 2021, the Company completed the sale of the Joie N, a <span id="xdx_906_ecustom--VesselYearBuilt_c20210101__20210325__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--JoieNMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zQkH2tenJL55">2011</span>-built Ultra-Handymax vessel of <span id="xdx_90B_ecustom--VesselCapacity_uPure_c20210101__20210325__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--JoieNMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zrIOC2vQXYab">56,557</span> dwt, to an unrelated third party, for a net sale price of $<span id="xdx_90A_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20210101__20210325__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--JoieNMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zMsnY61twv86">8,190</span>. Pursuant to the sale of the vessel, an amount of $<span id="xdx_904_eus-gaap--RepaymentsOfDebt_pn3n3_c20210101__20210325__us-gaap--LineOfCreditFacilityAxis__custom--ABN32.2MCreditFacilityMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zQYbCMOMepbe">4,581</span> was repaid under the ABN $32.2m Credit Facility.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify">On March 25, 2021, Navios Partners agreed to enter into a <span id="xdx_909_eus-gaap--LesseeOperatingLeaseTermOfContract_iI_dt_c20210325__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--BareboatCharterInContractAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--OneNewbuildingCaperizeVesselMember_zdFhnK0MMKP2" title="Duration of bareboat charter-in agreement">15 year</span> bareboat charter-in for one newbuilding Capesize vessel of approximately <span id="xdx_90F_ecustom--VesselCapacity_uPure_c20210101__20210325__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NewbuildingCapesizedVesselMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zYZNS7NHueK1">180,000</span> dwt. Navios Partners has the option to acquire the vessel after the end of the fourth year for the remaining period of the bareboat charter. The vessel is expected to be delivered by the first half of 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 6pt 21.3pt; text-align: justify"/> 0.39 2008 2007 4559000 3369000 P15Y 3 Capesize 180000 0.05 2021-02-12 2021-02-09 579000 2006 3398 11074000 3684000 2007 3091 8869000 3845000 2012 Panamax 81355 2012 Panamax 81472 39250000 58000000 LIBOR 0.03 400000 31580000 81000 2011 56557 8190000 4581000 P15Y 180000