2.2.0.7 false Subsequent Events 12301 - Disclosure - Subsequent Events true false false false 1 USD false false Unit12 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 Unit13 Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Unit1 Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Subsequent Events 0 glbl_SubsequentEvents glbl false na duration Subsequent Events false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string Subsequent Events false 3 Subsequent Events 1 us-gaap_ScheduleOfSubsequentEventsTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 <div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 6pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="2%" nowrap="nowrap" align="left"><b>23.</b></td> <td width="1%"> </td> <td><b><i>Subsequent Events</i></b></td></tr> <tr><td style="font-size: 6pt;"> </td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="2%" nowrap="nowrap" align="left"> </td> <td width="1%"> </td> <td>On October 1, 2010, we sold the <b><i>CB6 </i></b>for $3.2 million resulting in a gain of $0.9 million. We have received $17.0 million for the sale of the <b><i>Cherokee </i></b>and the anticipated delivery date of the vessel to the purchaser is November 9, 2010. Due to the sale of these vessels, which were mortgaged under the Revolving Credit Facility, our effective maximum borrowing capacity has been reduced to approximately $134.1 million as of October 31, 2010.</td></tr> <tr><td style="font-size: 6pt;"> </td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="2%" nowrap="nowrap" align="left"> </td> <td width="1%"> </td> <td>As a result of our operating performance, we did not meet the minimum fixed charge coverage ratio covenant or the minimum EBITDA covenant of our amended Revolving Credit Facility as of September 30, 2010. On November 3, 2010, the financial institutions participating in the Revolving Credit Facility waived compliance with the covenant conditions for the third quarter.</td></tr></table></div></div> </div> 23.   Subsequent Events       On October 1, 2010, we sold the CB6 for $3.2 million resulting in a gain of $0.9 million. We false false false us-types:textBlockItemType textblock Describes disclosed significant events or transactions that occurred after the balance sheet date, but before the issuance of the financial statements. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 11 false 1 2 false UnKnown UnKnown UnKnown false true