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Deferred Charges
 12 Months Ended
Dec. 31, 2012
Deferred Charges Disclosure [Abstract]  
Deferred Charges [Text Block]
 
10.      Deferred Charges:
The amounts in the accompanying consolidated balance sheets are analyzed as follows:
 
 
 
 
 
 
 
Dry-Docking
 
 
Financing Costs
 
 
Total
 
Balance as of December 31, 2010
 
 
10,713
 
 
 
2,373
 
 
 
13,086
 
- Additions
 
 
3,996
 
 
 
172
 
 
 
4,168
 
- Amortization and write-offs
 
 
(8,907
)
 
 
(989
)
 
 
(9,896
)
Balance as of December 31, 2011
 
 
5,802
 
 
 
1,556
 
 
 
7,358
 
- Additions
 
 
1,481
 
 
 
-
 
 
 
1,481
 
- Amortization and write-offs
 
 
(6,777
)
 
 
(466
)
 
 
(7,243
)
- Transfers to held for sale
 
 
(286
)
 
 
-
 
 
 
(286
)
Subtotal
 
 
220
 
 
 
1,090
 
 
 
1,310
 
Less: Current portion
 
 
-
 
 
 
(1,090
)
 
 
(1,090
)
Balance as of December 31, 2012
 
 
220
 
 
 
-
 
 
 
220
 
 
 
During the year ended December 31, 2012, the Company incurred dry-docking and special survey costs of $1,481 in connection to the dry-docking of the vessels Hamburg Max, Clipper Glory and Asian Grace. The amortization charge for the year amounted to $3,648, and is separately reflected in amortization of deferred dry-docking costs. During the same period, the Company wrote off $1,095 of the unamortized balance of deferred dry-docking costs and $89 of deferred financing costs as a result of the vessels' sales and loan prepayments made during the year ended December 31, 2012.
During the year ended December 31, 2011, the Company incurred dry-docking and special survey costs of $3,996. The amortization charge for the year amounted to $5,401, and is separately reflected in amortization of deferred dry-docking costs. During the same period, the Company wrote-off $1,177 and $735 of the unamortized balance of deferred dry-docking costs associated with the vessels African Zebra and BET Commander, respectively, since the latest dry-dockings occurred earlier than projected, resulting in a shortened amortization period for the prior dry-dockings.
During the year ended December 31, 2010, the Company incurred dry-docking and special survey costs of $8,296. The amortization charge for the year amounted to $3,657, and is separately reflected in amortization of deferred dry-docking costs.