2.4.0.8000950 - Disclosure - Prepaid Charter Revenuetruefalsefalse1false falsefalseFROM_Jan01_2013_TO_Jun30_2013http://www.sec.gov/CIK0001481241duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_FiniteLivedIntangibleAssetsNetAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Finite-Lived Intangible Assets [Abstract]2false 2us-gaap_IntangibleAssetsDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse004. Prepaid Charter Revenue The amounts presented as Prepaid charter revenue in the accompanying consolidated balance sheets as of June 30, 2013 and December 31, 2012 comprise (a) the unamortized balance of an asset associated with the vessels “Cap Domingo”, “Cap Doukato”, “APL Sardonyx”, “APL Spinel”, “APL Garnet” and “Hanjin Malta”, which were acquired with time charters attached at values above their charter-free fair market values at the time of acquisition, which is amortized to revenue over the period of the respective time charter agreements, and (b) a deferred asset resulting from the charter agreements of the vessels “Cap Domingo” and “Cap Doukato” providing for varying charter rates over their term, for which revenue is recognized on a straight-line basis at their average rates.As at June 30, 2013, and December 31, 2012 the balance of the account was analyzed as follows:<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 323px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:323px;">Description</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 138px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:138px;">June 30, 2013</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 138px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:138px;">December 31, 2012</td></tr><tr style="height: 17px"><td style="width: 323px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:323px;">Prepaid charter revenue</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">$</td><td style="width: 138px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:138px;">28,586</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">$</td><td style="width: 138px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:138px;">29,796</td></tr><tr style="height: 17px"><td style="width: 323px; text-align:left;border-color:#000000;min-width:323px;">Deferred asset from varying charter rates</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 138px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:138px;">161</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 138px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:138px;">122</td></tr><tr style="height: 17px"><td style="width: 323px; text-align:left;border-color:#000000;min-width:323px;"> Total</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">$</td><td style="width: 138px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:138px;">28,747</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">$</td><td style="width: 138px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:138px;">29,918</td></tr></table></div>In March 2013, the vessel “Hanjin Malta” was delivered to the Company (Note 3) and was chartered back to her sellers. As a result, an asset of $8,500 was recognized as prepaid charter revenue, in addition to the asset of $42,000 recognized in 2012 for the vessels “Cap Domingo”, “Cap Doukato”, “APL Sardonyx”, “APL Spinel” and “APL Garnet”. As of June 30, 2013 and December 31, 2012 the balance of the respective asset, net of accumulated amortization of $21,914 and $12,204, was $28,586 and $29,796, respectively. The amortization to revenues for the six months ended June 30, 2013 and 2012 was $9,710 and $4,926, respectively, and is included in Time charter revenues, net of prepaid charter revenue amortization in the accompanying unaudited interim consolidated statements of operations.The expected aggregate amortization of the prepaid charter revenue from vessel acquisitions with time-charter attached for each of the succeeding years is as follows:<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 376px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:376px;">Period</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 117px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:117px;">Amount</td></tr><tr style="height: 17px"><td style="width: 376px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:376px;">Year 1</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 117px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:117px;">$16,431</td></tr><tr style="height: 17px"><td style="width: 376px; text-align:left;border-color:#000000;min-width:376px;">Year 2</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;">$9,418</td></tr><tr style="height: 17px"><td style="width: 376px; text-align:left;border-color:#000000;min-width:376px;">Year 3</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;">$2,737</td></tr></table></div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for all or part of the information related to intangible assets.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16373-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44, 45, 46 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false0Prepaid Charter RevenuefalsePrepaid Charter RevenueUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.dcontainerships.com/role/PrepaidCharterRevenue12