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VESSELS, NET (Tables)

6 Months Ended

Jun. 30, 2013


Vessels	Cost		Accumulated Depreciation			Net Book Value
Balance at December 31, 2011		816,736		(42,112	)		774,624
Additions		207,795		(41,681	)		166,114
Balance at December 31, 2012		1,024,531		(83,793	)		940,738
Additions		232,665		(23,871	)		208,794
Balance at June 30, 2013	$	1,257,196	$	(107,664	)	$	1,149,532

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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