Unearned Revenue/Accrued Revenue

12 Months Ended

Dec. 31, 2023

Revenue Recognition and Deferred Revenue [Abstract]

Unearned Revenue represents cash received in advance of it being earned, whereas Accrued Revenue represents revenue earned prior to cash being received. Revenue is recognized as earned on a straight-line basis at their average rates when charter agreements provide for varying annual charter rates over their term. Total Unearned Revenue/Accrued Revenue during the periods presented is as follows:


	December 31,
	2022		2023
Unearned Revenue
Cash received in advance of service provided – Current liability	$	5,290	$	6,682
Deferred revenue resulting from varying charter rates – Current liability	4,230		4,171
Deferred revenue resulting from varying charter rates – Non-Current liability	7,330		3,248
Total Unearned Revenue	$	16,850	$	14,101
Accrued Revenue
Resulting from varying charter rates – Current asset	662		477
Resulting from varying charter rates – Non-Current asset	225		87
Total Accrued Revenue	$	887	$	564