Financial Costs and Loss/(Gain) on Derivatives

6 Months Ended

Jun. 30, 2018

Financial Costs and Loss/(Gain) on Derivatives

Financial Costs and Loss/(Gain) on Derivatives

11. Financial Costs and Loss/(Gain) on Derivatives

        An analysis of financial costs is as follows:

	For the three months ended				For the six months ended
	June 30, 2017		June 30, 2018		June 30, 2017		June 30, 2018
Amortization and write-off of deferred loan issuance costs		1,698		1,338		3,321		3,703
Interest expense on loans		12,973		13,326		25,209		26,109
Commitment fees		122		135		360		268
Other financial costs including bank commissions		99		147		176		213
Total financial costs		14,892		14,946		29,066		30,293

        An analysis of loss/(gain) on derivatives is as follows:

	For the three months ended					For the six months ended
	June 30, 2017		June 30, 2018			June 30, 2017		June 30, 2018
Unrealized loss/(gain) on derivatives held for trading (Note 8)		1,857		(1,001	)		1,209		(7,371	)
Realized loss/(gain) on interest rate swaps held for trading		479		(587	)		1,104		(544	)
Total loss/(gain) on derivatives		2,336		(1,588	)		2,313		(7,915	)