View Filing Data

Print Document View Excel Document

Document And Entity Information	12 Months Ended
Document And Entity Information	Dec. 31, 2015 shares
Document and Entity Information
Document Type	20-F
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Entity Registrant Name	Capital Product Partners L.P.
Trading Symbol	CPLP
Entity Central Index Key	0001392326
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY
General Partner
Document and Entity Information
Entity's units outstanding	2,439,989
Common Limited Partner
Document and Entity Information
Entity's units outstanding	120,409,456
Preferred Limited Partner
Document and Entity Information
Entity's units outstanding	12,983,333

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 90,190	$ 164,199
Trade accounts receivable, net	2,680	2,588
Due from related parties (Note 4)	0	55
Prepayments and other assets	2,547	1,839
Inventories	4,407	3,434
Total current assets	99,824	172,115
Fixed assets
Advances for vessels under construction - related party (Notes 4, 5)	18,172	66,641
Vessels, net (Note 5)	1,315,485	1,120,070
Total fixed assets	1,333,657	1,186,711
Other non-current assets
Above market acquired charters (Note 6)	100,518	115,382
Deferred charges, net	3,482	645
Restricted cash (Note 7)	17,000	15,000
Prepayments and other assets	1,394	0
Total non-current assets	1,456,051	1,317,738
Total assets	1,555,875	1,489,853
Current liabilities
Current portion of long-term debt, net (Note 7)	11,922	4,579
Trade accounts payable	8,431	5,351
Due to related parties (Note 4)	22,154	17,497
Accrued liabilities (Note 9)	7,872	5,636
Deferred revenue, current (Note 4)	10,867	11,684
Total current liabilities	61,246	44,747
Long-term liabilities
Long-term debt, net (Note 7)	555,888	570,094
Deferred revenue	921	2,451
Total long-term liabilities	556,809	572,545
Total liabilities	618,055	617,292
Commitments and contingencies (Note 16)
Partners' capital
General Partner	16,998	15,602
Limited Partners - Common (120,409,456 and 104,079,960 units issued and outstanding at December 31, 2015 and 2014, respectively)	810,239	735,547
Limited Partners - Preferred (12,983,333 and 14,223,737 Class B units issued and outstanding at December 31, 2015 and 2014, respectively)	110,583	121,412
Total partners' capital	937,820	872,561
Total liabilities and partners' capital	$ 1,555,875	$ 1,489,853

Consolidated Balance Sheets (Parentheticals) - shares	Dec. 31, 2015	Dec. 31, 2014
Consolidated Balance Sheets [Abstract]
Limited Partners - Common Units Issued	120,409,456	104,079,960
Limited Partners - Common Units Outstanding	120,409,456	104,079,960
Limited Partners - Preferred Units Issued	12,983,333	14,223,737
Limited Partners - Preferred Units Outstanding	12,983,333	14,223,737

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenue:
Revenues	$ 156,613	$ 119,907	$ 116,520
Revenues - related party (Note 4)	63,731	72,870	54,974
Total revenues	220,344	192,777	171,494
Expenses:
Voyage expenses (Note 10)	6,479	5,907	5,776
Voyage expenses - related party (Notes 4, 10)	411	338	314
Vessel operating expenses (Note 10)	58,625	48,714	38,284
Vessel operating expenses - related party (Notes 4, 10)	11,708	13,315	17,039
General and administrative expenses (Note 4)	6,608	6,316	9,477
Loss on sale of vessels to third parties	0	0	7,073
Vessel depreciation and amortization (Note 5)	62,707	57,476	52,208
Operating income	73,806	60,711	41,323
Non operating income:
Gain on sale of claim (Note 15)	0	0	31,356
Gain from bargain purchase (Note 3)	0	0	42,256
Total non operating income	0	0	73,612
Other income / (expense):
Interest expense and finance cost (Note 7)	(20,143)	(19,225)	(15,991)
Gain on interest rate swap agreement (Note 8)	0	0	4
Other income	1,747	2,526	533
Total other expense, net	(18,396)	(16,699)	(15,454)
Partnership's net income	55,410	44,012	99,481
Preferred unit holders' interest in Partnership's net income	11,334	14,042	18,805
General Partner's interest in Partnership's net income	879	593	1,598
Common unit holders' interest in Partnership's net income	$ 43,197	$ 29,377	$ 79,078
Net income per: (Note 14)
Common unit basic	$ 0.38	$ 0.31	$ 1.04
Weighted-average units outstanding:
Common unit basic	115,030,879	93,353,168	75,645,207
Net income per: (Note 14)
Common unit diluted	$ 0.38	$ 0.31	$ 1.01
Weighted-average units outstanding:
Common units diluted	115,030,879	93,353,168	97,369,136
Comprehensive income:
Partnership's net income	$ 55,410	$ 44,012	$ 99,481
Other Comprehensive income:
Unrealized gain on derivative instruments (Note 8)	0	0	462
Comprehensive income	$ 55,410	$ 44,012	$ 99,943

Consolidated Statements of Changes in Partners' Capital - USD ($) $ in Thousands	Total	General Partner	Limited Partners Common	Limited Partners Preferred	Total	Accumulated Other Comprehensive Loss
Balance at Dec. 31, 2012	$ 573,828	$ 9,049	$ 425,497	$ 139,744	$ 574,290	$ (462)
Distributions declared and paid (distributions of $0.93 in 2013 and 2014 and $0.94 in 2015 per common unit, $0.86 in 2013 and 2014 and $0.87 in 2015 per preferred unit) (Note 12)	(88,241)	(1,397)	(68,759)	(18,085)	(88,241)
Partnership's net income	99,481	1,598	79,078	18,805	99,481
Issuance of Partnership's units (Note 12)	192,368		119,811	72,557	192,368
Equity compensation expense (Note 13)	3,528		3,528		3,528
Other comprehensive income (Note 8)	462					462
Excess between the fair value of the contracted vessels and the contractual cash consideration (Note 5)	0
Conversion of Partnership's units (Note 12)		3,060	47,258	(50,318)
Balance at Dec. 31, 2013	781,426	12,310	606,413	162,703	781,426	0
Distributions declared and paid (distributions of $0.93 in 2013 and 2014 and $0.94 in 2015 per common unit, $0.86 in 2013 and 2014 and $0.87 in 2015 per preferred unit) (Note 12)	(102,798)	(1,725)	(86,027)	(15,046)	(102,798)
Partnership's net income	44,012	593	29,377	14,042	44,012
Issuance of Partnership's units (Note 12)	173,504		173,504		173,504
Repurchase from CMTC and cancellation of Partnership's units (Note 12)	(60,000)		(60,000)		(60,000)
Excess between the fair value of the contracted vessels and the contractual cash consideration (Note 5)	36,417	728	35,689		36,417
Conversion of Partnership's units (Note 12)		3,696	36,591	(40,287)
Balance at Dec. 31, 2014	872,561	15,602	735,547	121,412	872,561	0
Distributions declared and paid (distributions of $0.93 in 2013 and 2014 and $0.94 in 2015 per common unit, $0.86 in 2013 and 2014 and $0.87 in 2015 per preferred unit) (Note 12)	(122,773)	(2,225)	(109,027)	(11,521)	(122,773)
Partnership's net income	55,410	879	43,197	11,334	55,410
Issuance of Partnership's units (Note 12)	132,588		132,588		132,588
Equity compensation expense (Note 13)	34		34		34
Excess between the fair value of the contracted vessels and the contractual cash consideration (Note 5)	0
Conversion of Partnership's units (Note 12)		2,742	7,900	(10,642)
Balance at Dec. 31, 2015	$ 937,820	$ 16,998	$ 810,239	$ 110,583	$ 937,820	$ 0

Consolidated Statements of Changes in Partners' Capital (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Limited Partners Common
Distributions declared and paid	$ 0.94	$ 0.93	$ 0.93
Limited Partners Preferred
Distributions declared and paid	$ 0.87	$ 0.86	$ 0.86

Consolidated Statements of Cash flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income	$ 55,410	$ 44,012	$ 99,481
Adjustments to reconcile net income to net cash provided by operating activities :
Vessel depreciation and amortization (Note 5)	62,707	57,476	52,208
Gain from bargain purchase (Note 3)	0	0	(42,256)
Amortization of deferred charges	908	809	405
Amortization of above market acquired charters (Note 6)	14,864	16,000	13,594
Equity compensation expense (Note 13)	34	0	3,528
Gain on interest rate swap agreements (Note 8)	0	0	(4)
Loss on sale of vessels to third parties	0	0	7,073
Accrual on gain on sale of claim (Note 15)	0	0	644
Changes in operating assets and liabilities:
Trade accounts receivable	(92)	1,777	(1,171)
Due from related parties	55	612	(667)
Prepayments and other assets	(2,102)	(463)	(117)
Inventories	(973)	(694)	(407)
Trade accounts payable	1,929	(1,570)	2,066
Due to related parties	4,657	3,811	(3,761)
Accrued liabilities	1,114	178	1,573
Deferred revenue	(2,207)	3,919	(1,852)
Drydocking costs	(2,095)	(590)	(761)
Net cash provided by operating activities	134,209	125,277	129,576
Cash flows from investing activities:
Vessel acquisitions and improvements (Note 5)	(207,937)	(103)	(363,038)
Advances for vessels under construction - related party (Note 5)	0	(30,224)	0
Increase in restricted cash	(2,000)	0	(4,500)
Proceeds from sale of vessels	0	0	32,192
Net cash used in investing activities	(209,937)	(30,327)	(335,346)
Cash flows from financing activities:
Proceeds from issuance of Partnership units (Note 12)	133,327	173,932	195,771
Expenses paid for issuance of Partnership units	(739)	(416)	(3,410)
Repurchase from CMTC and cancellation of Partnership's units (Note 12)	0	(60,000)	0
Proceeds from issuance of long-term debt (Note 7)	115,000	0	129,000
Payments of long-term debt (Note 7)	(121,299)	(5,400)	(4,050)
Loan issuance costs	(1,797)	(41)	(2,879)
Dividends paid (Note 12)	(122,773)	(102,798)	(88,241)
Net cash provided by financing activities	1,719	5,277	226,191
Net (decrease) / increase in cash and cash equivalents	(74,009)	100,227	20,421
Cash and cash equivalents at the beginning of the year	164,199	63,972	43,551
Cash and cash equivalents at the end of the year	90,190	164,199	63,972
Supplemental Cash Flow Information
Cash paid for interest	16,759	16,564	14,845
Non-Cash Investing and Financing Activities
Excess between the fair value of the contracted vessels and the contractual cash consideration (Note 5)	0	36,417	0
Capital expenditures included in liabilities	769	183	103
Offering expenses included in liabilities	0	12	(7)
Capitalized dry docking and deferred costs included in liabilities	1,687	0	628
Acquisition of above market time charter (Note 3)	$ 0	$ 0	$ 97,256

Basis of Presentation and General Information

12 Months Ended

Dec. 31, 2015

Basis of Presentation and General Information [Abstract]

Basis of Presentation and General Information

1.	Basis of Presentation and General Information

Capital Product Partners L.P. (the “Partnership”) was formed on January 16, 2007, under the laws of the Marshall Islands. The Partnership is an international shipping company. Its fleet of thirty four modern high specification vessels consists of four suezmax crude oil tankers, twenty modern medium range tankers all of which are classed as IMO II/III chemical/product carriers, nine post-panamax container carrier vessels and one capesize bulk carrier. Its vessels are capable of carrying a wide range of cargoes, including crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, edible oils and certain chemicals such as ethanol as well as dry cargo and containerized goods under short-term voyage charters and medium to long-term time and bareboat charters.

The consolidated financial statements include the following vessel-owning companies and operating companies which were all incorporated or formed under the laws of the Marshall Islands and Liberia.

Subsidiary

Date of
Incorporation

Name of Vessel Owned by
Subsidiary

DWT

Date acquired
by the
Partnership

Date acquired
by CMTC

Capital Product Operating GP LLC

01/16/2007

—

Crude Carriers Corp.

10/29/2009

—

09/30/2011

—

Crude Carriers Operating Corp.

01/21/2010

—

09/30/2011

—

Shipping Rider Co.

09/16/2003

M/T Atlantas
(M/T British Ensign)

36,760

04/04/2007

04/26/2006

Canvey Shipmanagement Co.

03/18/2004

M/T Assos

47,872

08/16/2010

04/04/2007

05/17/2006

Centurion Navigation Limited

08/27/2003

M/T Aktoras
(M/T British Envoy)

36,759

04/04/2007

07/12/2006

Polarwind Maritime S.A.

10/10/2003

M/T Agisilaos

36,760

04/04/2007

08/16/2006

Carnation Shipping Company

11/10/2003

M/T Arionas

36,725

04/04/2007

11/02/2006

Apollonas Shipping Company

02/10/2004

M/T Avax

47,834

04/04/2007

01/12/2007

Tempest Maritime Inc.

09/12/2003

M/T Aiolos
(M/T British Emissary)

36,725

04/04/2007

03/02/2007

Iraklitos Shipping Company

02/10/2004

M/T Axios

47,872

04/04/2007

02/28/2007

Epicurus Shipping Company

02/11/2004

M/T Atrotos

47,786

03/01/2010

05/08/2007

Laredo Maritime Inc.

02/03/2004

M/T Akeraios

47,781

07/13/2007

Lorenzo Shipmanagement Inc.

05/26/2004

M/T Apostolos

47,782

09/20/2007

Splendor Shipholding S.A.

07/08/2004

M/T Anemos I

47,782

09/28/2007

Ross Shipmanagement Co.

12/29/2003

M/T Attikos (1)

12,000

09/24/2007

01/20/2005

Sorrel Shipmanagement Inc.

02/07/2006

M/T Alexandros II
(M/T Overseas Serifos)

51,258

01/29/2008

Baymont Enterprises Incorporated

05/29/2007

M/T Amore Mio II

159,982

03/27/2008

07/31/2007

Forbes Maritime Co.

02/03/2004

M/T Aristofanis (2)

12,000

04/30/2008

06/02/2005

Wind Dancer Shipping Inc.

02/07/2006

M/T Aristotelis II
(M/T Overseas Sifnos)

51,226

06/17/2008

Belerion Maritime Co.

01/24/2006

M/T Aris II
(M/T Overseas Kimolos)

51,218

08/20/2008

Mango Finance Corp.

07/14/2006

M/T Agamemnon II (3)

51,238

04/07/2009

11/24/2008

Navarro International S.A.

07/14/2006

M/T Ayrton II

51,260

04/13/2009

04/10/2009

Adrian Shipholding Inc.

06/22/2004

M/T Alkiviadis

36,721

06/30/2010

03/29/2006

Patroklos Marine Corp.

06/17/2008

M/V Cape Agamemnon

179,221

06/09/2011

01/25/2011

Cooper Consultants Co. renamed to

Miltiadis M II Carriers Corp.

04/06/2006

M/T Miltiadis M II

162,397

09/30/2011

04/26/2006

Amoureux Carriers Corp.

04/14/2010

M/T Amoureux

149,993

09/30/2011

—

Aias Carriers Corp.

04/14/2010

M/T Aias

150,393

09/30/2011

—

Agamemnon Container Carrier Corp.

04/19/2012

M/V Agamemnon

108,892

12/22/2012

06/28/2012

Archimidis Container Carrier Corp.

04/19/2012

M/V Archimidis

108,892

12/22/2012

06/22/2012

Aenaos Product Carrier S.A.

10/16/2013

M/T Aristotelis

51,604

11/28/2013

—

Anax Container Carrier S.A

04/08/2011

M/V Hyundai Prestige

63,010

09/11/2013

02/19/2013

Hercules Container Carrier S.A.

04/08/2011

M/V Hyundai Premium

63,010

03/20/2013

03/11/2013

Iason Container Carrier S.A

04/08/2011

M/V Hyundai Paramount

63,010

03/27/2013

Thiseas Container Carrier S.A.

04/08/2011

M/V Hyundai Privilege

63,010

09/11/2013

05/31/2013

Cronus Container Carrier S.A.

07/19/2011

M/V Hyundai Platinum

63,010

09/11/2013

06/14/2013

Miltiadis M II Corp.

08/28/2012

Dias Container Carrier S.A

05/16/2013

M/V Akadimos (CMA CGM Amazon) (4)

115,145

06/10/2015

Poseidon Container Carrier S.A

05/16/2013

M/V Adonis (CMA CGM Uruguay) (4)

115,639

09/18/2015

Isiodos Product Carrier S.A

05/31/2013

M/T Active (4)

50,136

03/31/2015

Titanas Product Carrier S.A

05/31/2013

M/T Amadeus (4)

50,108

06/30/2015

(1	)Was sold on February 14, 2012.
(2	)Was sold on April 4, 2012.
(3) (4)	Was sold on November 5, 2013. Vessels that were acquired according to the terms of the Master Vessel Acquisition Agreement (“Master Agreement”) (Notes 5, 12)

Significant Accounting Policies

12 Months Ended

Dec. 31, 2015

Significant Accounting Policies [Abstract]

Significant Accounting Policies

2. Significant Accounting Policies

(a)

Principles of Consolidation: The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and include the accounts of the legal entities comprising the Partnership as discussed in Note 1. Intra-group balances and transactions have been eliminated upon consolidation.

(b)

Use of Estimates: The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the amounts of revenues and expenses recognized during the reporting period. Actual results could differ from those estimates.

(c)

Other Comprehensive Income: The Partnership separately records certain transactions directly as components of partners' capital. For the years ended December 31, 2015 and 2014 there was no other comprehensive income.

(d)

Accounting for Revenue, Voyage and Operating Expenses: The Partnership generates its revenues from charterers for the charter hire of its vessels. Vessels are chartered on time charters, bareboat charters or voyage charters. A time charter is a contract for the use of a vessel for a specific period of time and a specified daily charter hire rate, which is generally payable monthly in advance. Some of the Partnership's time charters also include profit sharing provisions, under which the Partnership can realize additional revenues in the event that spot rates are higher than the base rates in these time charters. A bareboat charter is a contract in which the vessel owner provides the vessel to the charterer for a fixed period of time at a specified daily rate, which is generally payable monthly in advance, and the charterer generally assumes all risk and costs of operation during the bareboat charter period. A voyage is deemed to commence upon the later of the completion of discharge of the vessel's previous cargo or upon vessel arrival to the agreed upon port, based on the terms of a voyage contract that is not cancelable and voyage is deemed to end upon the completion of discharge of the delivered cargo. Revenues under voyage charter agreements are recognized on a pro-rata basis over the duration of the voyage when a voyage agreement exists, the price is fixed, service is provided and the collection of the related revenue is reasonably assured.

Time, bareboat and voyage charter revenues are recognized when a charter agreement exists, charter rate is fixed and determinable, the vessel is made available to the lessee, and collection of the related revenue is reasonably assured. Revenues are recognized ratably on a straight line basis over the period of the respective charter. Revenues from profit sharing arrangements in time charters represent a portion of time charter equivalent (voyage income less direct expenses, divided by operating days), that exceeds the agreed base rate and are recognized in the period earned. Deferred revenue represents cash received in advance of being earned. The portion of the deferred revenue that will be earned within the next twelve months is classified as current liability and the rest as long term liability.

Vessel voyage expenses are direct expenses to voyage revenues and primarily consist of commissions, port expenses, canal dues and bunkers. Commissions are expensed over the related charter period and all the other voyage expenses are expensed as incurred. In general under time and bareboat charter agreements, all voyages expenses, except commissions are assumed by the charterer. For voyage charters all voyage expenses are paid by the Partnership.

Vessel operating expenses presented in the consolidated financial statements mainly consist of:

•

Management fees payable to the Partnership's manager Capital Shipmanagement Corp. (the “Manager” or “CSM”) under three different types of Management agreements (Note 4); and

•

Actual operating expenses such as crewing, repairs and maintenance, insurance, stores, spares, lubricants and other operating expenses.

Vessel operating expenses are expensed as incurred.

(e)

Foreign Currency Transactions: The functional currency of the Partnership is the U.S. Dollar because the Partnership's vessels operate in international shipping markets that utilize the U.S. Dollar as the functional currency. The accounting records of the Partnership are maintained in U.S. Dollars. Transactions involving other currencies during the year are converted into U.S. Dollars using the exchange rates in effect at the time of the transactions. At the balance sheet dates, monetary assets and liabilities, which are denominated in currencies other than the U.S. Dollar, are translated into the functional currency using the exchange rate at those dates. Gains or losses resulting from foreign currency transactions are included in other income in the accompanying consolidated statements of comprehensive income.

(f)

Cash and Cash Equivalents: The Partnership considers highly-liquid investments such as time deposits and certificates of deposit with an original maturity of three months or less to be cash equivalents.

(g)

Restricted cash: For the Partnership to comply with debt covenants under its credit facilities, it must maintain minimum cash deposits. Such deposits are considered by the Partnership to be restricted cash.

(h)

Trade Accounts Receivable, Net: The amount shown as trade accounts receivable primarily consists of earned revenue that has not been billed yet or that it has been billed but not yet collected. At each balance sheet date all potentially uncollectible accounts are assessed individually for purposes of determining the appropriate write off. As of December 31, 2015 and 2014 the respective write off amounted to $22 and $70, respectively.

(i)

Inventories: Inventories consist of consumable bunkers, lubricants, spares and stores and are stated at the lower of cost or market value. The cost is determined by the first-in, first-out method.

(j)

Fixed Assets: Fixed assets consist of vessels which are stated at cost, less accumulated depreciation. Vessel cost consists of the contract price for the vessel and any material expenses incurred upon their construction (improvements and delivery expenses, on-site supervision costs incurred during the construction periods, as well as capitalized interest expense during the construction period). Vessels acquired through acquisition of businesses are recorded at their acquisition date fair values. The cost of each of the Partnership's vessels is depreciated; beginning when the vessel is ready for its intended use, on a straight-line basis over the vessel's remaining economic useful life, after considering the estimated residual value. Management estimates the scrap value of the Partnership's vessels to be $0.2 per light weight ton (LWT) and useful life to be 25 years.

(k)

Impairment of Long-lived Assets: An impairment loss on long-lived assets is recognized when indicators of impairment are present and the carrying amount of the long-lived asset is greater than its fair value and not believed to be recoverable. In determining future benefits derived from use of long-lived assets, the Partnership performs an analysis of the anticipated undiscounted future net cash flows of the related long-lived assets on a vessel by vessel basis. If the carrying value of the related asset exceeds its undiscounted future net cash flows, the carrying value is reduced to its fair value. Various factors including future charter rates and vessel operating costs are included in this analysis.

In recent years, market conditions, as compared to previous years, have changed significantly as a result of the global credit crisis and resulting slowdown in world trade. Charter rates decreased and values of assets were affected. The Partnership considered these market developments as indicators of potential impairment of the carrying amount of its vessels. The Partnership has performed an undiscounted cash flow test based on US GAAP as of December 31, 2015 and 2014, determining undiscounted projected net operating cash flows for the vessels and comparing them to the vessels' carrying values. In developing estimates of future cash flows, the Partnership made assumptions about future charter rates, utilization rates, vessel operating expenses, future dry docking costs and the estimated remaining useful life of the vessels. These assumptions are based on historical trends as well as future expectations that are in line with the Partnership's historical performance and expectations for the vessels' utilization under the current deployment strategy. Based on these assumptions, the Partnership determined that the undiscounted cash flows supported the vessels' carrying amounts as of December 31, 2015 and 2014.

(l)

Intangible assets: The Partnership records all identified tangible and intangible assets or any liabilities associated with the acquisition of a business at fair value. When a business is acquired that owns a vessel with an existing charter agreement, the Partnership determines the present value of the difference between: (i) the contractual charter rate and (ii) the prevailing market rate for a charter of equivalent duration. When determining present value, the Partnership uses Weighted Average Cost of Capital (“WACC”). The resulting above-market (assets) and below-market (liabilities) charters are amortized using the straight line method as a reduction and increase, respectively, to revenues over the remaining term of the charters.

(m)

Deferred charges net: are comprised mainly of dry docking costs. The Partnership's vessels are required to be dry docked every thirty to sixty months for major repairs and maintenance that cannot be performed while the vessels are under operation. For the vessels that were operated under the floating fee management agreement and Crude's management agreement (Note 4), the Partnership has adopted the deferral method of accounting for dry docking activities whereby costs incurred are deferred and amortized on a straight line basis over the period until the next scheduled dry docking activity.

(n)

Concentration of Credit Risk: Financial instruments which potentially subject the Partnership to significant concentrations of credit risk consist principally of cash and cash equivalents, interest rate swaps, and trade accounts receivable. The Partnership places its cash and cash equivalents, consisting mostly of deposits, and enters into interest rate swap agreements with creditworthy financial institutions rated by qualified rating agencies. A limited number of financial institutions hold the Partnership's cash. Most of the Partnership's revenues were derived from a few charterers. For the year ended December 31, 2015 CMTC and Hyundai Merchant Marine Co Ltd (“HMM”) accounted for 29% and 21% of the Partnership's total revenue, respectively. For the year ended December 31, 2014 CMTC, HMM and A.P. Moller-Maersk A.S. (“Maersk”) accounted for 38%, 24% and 12% of the Partnership's total revenue, respectively. For the year ended December 31, 2013, CMTC, British Petroleum Shipping Limited (“BP”), Maersk and HMM accounted for 32%, 17%, 14% and 13% of the Partnership's total revenue, respectively. The Partnership does not obtain rights of collateral from its charterers to reduce its credit risk.

(o)

Interest Rate Swap Agreements: The Partnership designates its derivatives based upon the intended use, and recognizes all derivatives as either assets or liabilities in the consolidated balance sheet and measures those instruments at fair value. Changes in the fair value of each derivative instrument are recorded depending on the intended use of the derivative and the resulting designation. For a derivative that does not qualify as a hedge, changes in fair value are recognized within the consolidated statements of comprehensive income. For derivatives that qualify as cash flow hedges, the changes in fair value of the effective portion are recognized at the end of each reporting period in “other comprehensive income”, until the hedged item is recognized in the consolidated statements of comprehensive income. The ineffective portion of a derivative's change in fair value is immediately recognized in the consolidated statements of comprehensive income.

(p)

Net Income Per Limited Partner Unit: Basic net income per limited partner unit is calculated by dividing the Partnership's net income less net income allocable to preferred unit holders, general partner's interest in net income (including incentive distribution rights) and net income allocable to unvested units, by the weighted-average number of common units outstanding during the period (Note 14). Diluted net income per limited partner unit reflects the potential dilution that could occur if securities or other contracts to issue limited partner units were exercised.

(q)

Segment Reporting: The Partnership reports financial information and evaluates its operations by charter revenues and not by the length, type of vessel or type of ship employment for its customers, i.e. time or bareboat charters. The Partnership does not use discrete financial information to evaluate the operating results for each such type of charter or vessel. Although revenue can be identified for these types of charters or vessels, management cannot and does not identify expenses, profitability or other financial information for these various types of charters or vessels. As a result, management, including the chief operating decision maker, reviews operating results solely by revenue per day and operating results of the fleet, and thus the Partnership has determined that it operates as one reportable segment. Furthermore, when the Partnership charters a vessel to a charterer, the charterer is free to trade the vessel worldwide and, as a result, the disclosure of geographic information is impracticable.

(r)

Omnibus Incentive Compensation Plan: Equity compensation expense represents vested and unvested units granted to employees and to non-employee directors, for their services as directors, as well as to non-employees and are included in general and administrative expenses in the consolidated statements of comprehensive income. These units are measured at their fair value equal to the market value of the Partnership's common units on the grant date. The units that contain a time-based service vesting condition are considered unvested units on the grant date and the total fair value of such units is recognized on a straight-line basis over the requisite service period. In addition, unvested awards granted to non-employees are measured at their then-current fair value as of the financial reporting dates (Note 13).

(s)

Recent Accounting Pronouncements: In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory to simplify the measurement of inventory using first-in, first out (FIFO) or average cost method. According to this ASU an entity should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices less reasonably predictable costs of completion, disposal and transportation. This update is effective for public entities with reporting periods beginning after December 15, 2016. Early adoption is permitted. The Partnership believes that the implementation of this update will not have any material impact on its financial statements and has not elected the early adoption.

In April 2015, the FASB issued ASU 2015-03 Interest -Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs. The guidance simplifies the presentation of debt issuance costs by requiring debt issuance costs to be presented as a deduction from the corresponding liability, consistent with debt discounts instead of presenting debt issuance costs as long-term assets on the consolidated balance sheets. The recognition and measurement guidance for debt issuance costs is not affected. Therefore, these costs will continue to be amortized as interest expense using the effective interest method pursuant to ASC 835-30-35-2 through 35-3. This standard is effective for public entities with reporting periods beginning after December 15, 2015. Early adoption is permitted. The Partnership elected to early adopt the new standard retrospectively during the fourth quarter of 2015.

The reclassification does not impact net income as previously reported or any prior amounts reported on the consolidated statements of comprehensive income, or the consolidated statements of cash flows. The effect of the retrospective application of this change in accounting principle on the Partnership's consolidated balance sheets as of December 31, 2014 resulted in a reduction of Deferred charges, net in the amount of $3,242 with a corresponding decrease of $2,421 in Long-term debt, net and Total long-term liabilities and a decrease of $821 in Current portion of long-term debt, net and Total current liabilities.

On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No 2014-09 as amended by ASU 2015-14 which was issued on August 12, 2015, Revenue From Contracts With Customers, which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. This standard is effective for public entities with reporting periods beginning after December 15, 2017. Early application is permitted only as of annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016. The Company is currently evaluating the impact, if any, of the adoption of this new standard.

Acquisitions

12 Months Ended

Dec. 31, 2015

Business Acquisitions [Abstract]

Acquisitions

3. Acquisitions

a. Anax Container Carrier S.A. (M/V Hyundai Prestige)

On September 11, 2013, the Partnership acquired the shares of Anax Container Carrier S.A., the vessel owning company of the M/V Hyundai Prestige (“Anax”) from CMTC for a total consideration of $65,000 following the unanimous recommendation of the conflicts committee and the unanimous approval of the board of directors. The vessel at the time of her acquisition by the Partnership was fixed on a twelve year time charter, with HMM. The time charter commenced in February 2013 and the earliest expiration date under the charter is in December 2024.

The Partnership accounted for the acquisition of Anax as an acquisition of a business. All assets and liabilities of Anax except the vessel, necessary permits and time charter agreement, were retained by CMTC. The purchase price of the acquisition has been allocated to the identifiable assets acquired, with the excess of the fair value of assets acquired over the purchase price recorded as a gain from bargain purchase.

•

Purchase Price

The total purchase consideration of $65,000 was funded using a portion of the $75,000 that the Partnership had drawn down under its $225,000 credit facility (the “2013 credit facility”), part of the net proceeds from the issuance of 13,685,000 Partnership's Common Units in August 2013 and part of the Partnership's available cash.

•

Acquisition related costs

There were no costs incurred in relation to the acquisition of Anax.

•

Purchase price allocation

The allocation of the purchase price to acquired identifiable assets was based on their estimated fair values at the date of acquisition.

The fair value allocated to each class of identifiable assets of Anax and the gain from bargain purchase recorded as non operating income in the Partnership's consolidated statements of comprehensive income for the year ended December 31, 2013 was calculated as follows:


	As of September 11, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,094
Identifiable assets	$	73,094
Purchase price		(65,000	)
Gain from bargain purchase	$	8,094

After a subsequent review and reassessment of valuation methods and procedures of the $73,094 fair value amount for identifiable assets acquired, the Partnership concluded that its measurements for the assets acquired appropriately reflect consideration of all available information that existed as of the acquisition date. Therefore, the Partnership recorded a gain from bargain purchase of $8,094 in its consolidated statements of comprehensive income, in accordance with Accounting Standard Codification (“ASC”) Subtopic 805-30 “Business Combinations, Goodwill or Gain from Bargain Purchase, Including Consideration Transferred” as of the Anax acquisition date.

•

Identifiable intangible assets

The following table sets forth the component of the identifiable intangible asset acquired with the purchase of Anax which is being amortized over its duration on a straight-line basis as a reduction of revenue:


Intangible assets	As of September 11, 2013		Duration of time charter acquired
Above market acquired time charter	$	19,094		11.3 years

The fair value of the above market time charter acquired was determined as the difference between the time charter rate at which the vessel was fixed at and the market rate for a comparable charter as provided by independent third parties on the business combination date discounted at a WACC of approximately 11%.

Total revenues and net income of M/V Hyundai Prestige since its acquisition by the Partnership were $2,778 and $1,298 respectively and are included in the Partnership's consolidated statements of comprehensive income for the year ended December 31, 2013.

•

Pro Forma Financial Information

The supplemental pro forma financial information was prepared using the acquisition method of accounting and is based on the following:

	•		The Partnership's actual results of operations for the year ended December 31, 2013
	•		Pro forma results of operations of Anax for the period from its vessel's delivery from the shipyard on February 19, 2013 (vessel inception) to September 11, 2013 as if Hyundai Prestige was operating under post acquisition revenue and cost structure.

The combined results do not purport to be indicative of the results of the operations which would have resulted had the acquisition been effected at beginning of the applicable period noted above, or the future results of operations of the combined entity.

The following table summarizes total net revenues; net income and net income per common unit of the combined entity had the acquisition of Hyundai Prestige occurred on February 19, 2013 (vessel inception):


	For the year ended December 31, 2013
Total revenues	$	176,535
Partnership's net income	$	100,624
Preferred unit holders' interest in Partnership's net income	$	18,805
General Partner's interest in Partnership's net income	$	1,621
Common unit holders interest in Partnership's net income	$	80,198
Net income per common unit basic	$	1.05
Net income per common unit diluted	$	1.02

b. Thiseas Container Carrier S.A. (M/V Hyundai Privilege)

On September 11, 2013, the Partnership acquired the shares of Thiseas Container Carrier S.A., the vessel owning company of the M/V Hyundai Privilege (“Thiseas”) from CMTC for a total consideration of $65,000 following the unanimous recommendation of the conflicts committee and the unanimous approval of the board of directors. The vessel at the time of her acquisition by the Partnership was fixed on a twelve year time charter, with HMM. The time charter commenced in May 2013 and the earliest expiration date under the charter is in April 2025.

The Partnership accounted for the acquisition of Thiseas as an acquisition of a business. All assets and liabilities of Thiseas except the vessel, necessary permits and time charter agreement, were retained by CMTC. The purchase price of the acquisition has been allocated to the identifiable assets acquired, with the excess of the fair value of assets acquired over the purchase price recorded as a gain from bargain purchase.

•

Purchase Price

The total purchase consideration of $65,000 was funded using a portion of the $75,000 that the Partnership had drawn down under its 2013 credit facility, part of the net proceeds from the issuance of 13,685,000 Partnership's Common Units in August 2013 and part of the Partnership's available cash.

•

Acquisition related costs

There were no costs incurred in relation to the acquisition of Thiseas.

•

Purchase price allocation

The allocation of the purchase price to acquired identifiable assets was based on their estimated fair values at the date of acquisition.

The fair value allocated to each class of identifiable assets of Thiseas and the gain from bargain purchase recorded as non operating income in the Partnership's consolidated statements of comprehensive income for the year ended December 31, 2013 was calculated as follows:


	As of September 11, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,329
Identifiable assets	$	73,329
Purchase price		(65,000	)

Gain from bargain purchase	$	8,329

After a subsequent review and reassessment of valuation methods and procedures of the $73,329 fair value amount for identifiable assets acquired, the Partnership concluded that its measurements for the assets acquired appropriately reflect consideration of all available information that existed as of the acquisition date. Therefore, the Partnership recorded a gain from bargain purchase of $8,329 in its consolidated statements of comprehensive income, in accordance with ASC Subtopic 805-30 “Business Combinations, Goodwill or Gain from Bargain Purchase, Including Consideration Transferred” as of the Thiseas acquisition date.

•

Identifiable intangible assets

The following table sets forth the component of the identifiable intangible asset acquired with the purchase of Thiseas which is being amortized over its duration on a straight-line basis as a reduction of revenue:


Intangible assets	As of September 11, 2013		Duration of time charter acquired
Above market acquired time charter	$	19,329		11.6 years

Total revenues and net income of M/V Hyundai Privilege since its acquisition by the Partnership were $2,785 and $1,392 respectively and are included in the Partnership's consolidated statements of comprehensive income for the year ended December 31, 2013.

•

Pro Forma Financial Information

The supplemental pro forma financial information was prepared using the acquisition method of accounting and is based on the following:

	•		The Partnership's actual results of operations for the year ended December 31, 2013
	•		Pro forma results of operations of Thiseas for the period from its vessel's delivery from the shipyard on May 31, 2013 (vessel inception) to September 11, 2013 as if Hyundai Privilege was operating under post acquisition revenue and cost structure.

The following table summarizes total net revenues; net income and net income per common unit of the combined entity had the acquisition of Hyundai Privilege occurred on May 31, 2013 (vessel inception):


		For the year ended December 31, 2013
Total revenues	$	174,045
Partnership's net income	$	100,144
Preferred unit holders' interest in Partnership's net income	$	18,805
General Partner's interest in Partnership's net income	$	1,611
Common unit holders interest in Partnership's net income	$	79,728
Net income per common unit basic	$	1.04
Net income per common unit diluted	$	1.01

c. Cronus Container Carrier S.A. (M/V Hyundai Platinum)

On September 11, 2013, the Partnership acquired the shares of Cronus Container Carrier S.A., the vessel owning company of the M/V Hyundai Platinum (“Cronus”) from CMTC for a total consideration of $65,000 following the unanimous recommendation of the conflicts committee and the unanimous approval of the board of directors. The vessel at the time of her acquisition by the Partnership was fixed on a twelve year time charter, with HMM. The time charter commenced in June 2013 and the earliest expiration date under the charter is in April 2025.

The Partnership accounted for the acquisition of Cronus as an acquisition of a business. All assets and liabilities of Cronus except the vessel, necessary permits and time charter agreement, were retained by CMTC. The purchase price of the acquisition has been allocated to the identifiable assets acquired, with the excess of the fair value of assets acquired over the purchase price recorded as a gain from bargain purchase.

•

Purchase Price

•

Acquisition related costs

There were no costs incurred in relation to the acquisition of Cronus.

•

Purchase price allocation

The allocation of the purchase price to acquired identifiable assets was based on their estimated fair values at the date of acquisition.

The fair value allocated to each class of identifiable assets of Cronus and the gain from bargain purchase recorded as non operating income in the Partnership's consolidated statements of comprehensive income for the year ended December 31, 2013 was calculated as follows:


	As of September 11, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,358
Identifiable assets	$	73,358
Purchase price		(65,000	)

Gain from bargain purchase	$	8,358

After a subsequent review and reassessment of valuation methods and procedures of the $73,358 fair value amount for identifiable assets acquired, the Partnership concluded that its measurements for the assets acquired appropriately reflect consideration of all available information that existed as of the acquisition date. Therefore, the Partnership recorded a gain from bargain purchase of $8,358 in its consolidated statements of comprehensive income, in accordance with ASC Subtopic 805-30 “Business Combinations, Goodwill or Gain from Bargain Purchase, Including Consideration Transferred” as of the Cronus acquisition date.

•

Identifiable intangible assets

The following table sets forth the component of the identifiable intangible asset acquired with the purchase of Cronus which is being amortized over its duration on a straight-line basis as a reduction of revenue:


Intangible assets	As of September 11, 2013		Duration of time charter acquired
Above market acquired time charter	$	19,358		11.6 years

Total revenues and net income of M/V Hyundai Platinum since its acquisition by the Partnership were $2,786 and $1,357 respectively and are included in the Partnership's consolidated statements of comprehensive income for the year ended December 31, 2013.

•

Pro Forma Financial Information

The supplemental pro forma financial information was prepared using the acquisition method of accounting and is based on the following:

	•		The Partnership's actual results of operations for the year ended December 31, 2013
	•		Pro forma results of operations of Cronus for the period from its vessel's delivery from the shipyard on June 14, 2013 (vessel inception) to September 11, 2013 as if Hyundai Platinum was operating under post acquisition revenue and cost structure.

The following table summarizes total net revenues; net income and net income per common unit of the combined entity had the acquisition of Hyundai Platinum occurred on June 14, 2013 (vessel inception):


		For the year ended December 31, 2013
Total revenues	$	173,699
Partnership's net income	$	100,031
Preferred unit holders' interest in Partnership's net income	$	18,805
General Partner's interest in Partnership's net income	$	1,609
Common unit holders interest in Partnership's net income	$	79,617
Net income per common unit basic	$	1.04
Net income per common unit diluted	$	1.01

d. Hercules Container Carrier S.A. (M/V Hyundai Premium)

On March 20, 2013, the Partnership acquired the shares of Hercules Container Carrier S.A., the vessel owning company of the M/V Hyundai Premium (“Hercules”) from CMTC for a total consideration of $65,000 following the unanimous recommendation of the conflicts committee and the unanimous approval of the board of directors. The vessel at the time of her acquisition by the Partnership was fixed on a twelve year time charter, with HMM. The time charter commenced in March 2013 and the earliest expiration date under the charter is in January 2025.

The Partnership accounted for the acquisition of Hercules as an acquisition of a business. All assets and liabilities of Hercules except the vessel, necessary permits and time charter agreement, were retained by CMTC. The purchase price of the acquisition has been allocated to the identifiable assets acquired, with the excess of the fair value of assets acquired over the purchase price recorded as a gain from bargain purchase.

•

Purchase Price

The total purchase consideration of $65,000 was funded by $27,000 through a draw-down from the Partnership's $350,000 credit facility (the “2008 credit facility”), by $36,279 representing part of the net proceeds from the issuance of 9,100,000 Partnership's Class B Convertible Preferred Units in March 2013 and by $1,721 from the Partnership's available cash.

•

Acquisition related costs

There were no costs incurred in relation to the acquisition of Hercules.

•

Purchase price allocation

The allocation of the purchase price to acquired identifiable assets was based on their estimated fair values at the date of acquisition.

The fair value allocated to each class of identifiable assets of Hercules and the gain from bargain purchase recorded as non operating income in the Partnership's consolidated statements of comprehensive income for the year ended December 31, 2013 was calculated as follows:


	As of March 20, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,707
Identifiable assets	$	73,707
Purchase price		(65,000	)

Gain from bargain purchase	$	8,707

After a subsequent review and reassessment of valuation methods and procedures of the $73,707 fair value amount for identifiable assets acquired, the Partnership concluded that its measurements for the assets acquired appropriately reflect consideration of all available information that existed as of the acquisition date. Therefore, the Partnership recorded a gain from bargain purchase of $8,707 in its consolidated statements of comprehensive income, in accordance with ASC Subtopic 805-30 “Business Combinations, Goodwill or Gain from Bargain Purchase, Including Consideration Transferred” as of the Hercules acquisition date.

•

Identifiable intangible assets

The following table sets forth the component of the identifiable intangible asset acquired with the purchase of Hercules which is being amortized over its duration on a straight-line basis as a reduction of revenue:


Intangible assets	As of March 20, 2013		Duration of time charter acquired
Above market acquired time charter	$	19,707		11.8 years

Total revenues and net income of M/V Hyundai Premium since its acquisition by the Partnership were $7,181 and $3,567 respectively and are included in the Partnership's consolidated statements of comprehensive income for the year ended December 31, 2013.

•

Pro Forma Financial Information

The supplemental pro forma financial information was prepared using the acquisition method of accounting and is based on the following:

	•		The Partnership's actual results of operations for the year ended December 31, 2013
	•		Pro forma results of operations of Hercules for the period from its vessel's delivery from the shipyard on March 11, 2013 (vessel inception) to March 20, 2013 as if Hyundai Premium was operating under post acquisition revenue and cost structure.

The following table summarizes total net revenues; net income and net income per common unit of the combined entity had the acquisition of Hyundai Premium occurred on March 11, 2013 (vessel inception):


		For the year ended December 31, 2013
Total revenues	$	171,717
Partnership's net income	$	99,571
Preferred unit holders' interest in Partnership's net income	$	18,805
General Partner's interest in Partnership's net income	$	1,600
Common unit holders interest in Partnership's net income	$	79,166
Net income per common unit basic	$	1.04
Net income per common unit diluted	$	1.01

e. Iason Container Carrier S.A. (M/V Hyundai Paramount)

On 27 March 2013, the M/V Hyundai Paramount (“Iason”) was delivered to CMTC from a shipyard and on the same date the Partnership acquired the shares of Iason Container Carrier S.A., the vessel owning company of M/V Hyundai Paramount from CMTC for a total consideration of $65,000 following the unanimous recommendation of the conflicts committee and the unanimous approval of the board of directors. At the time of her acquisition by the Partnership the vessel was fixed on a twelve year time charter, with HMM. The time charter commenced in April 2013 and the earliest expiration date under the charter is in February 2025.

The Partnership accounted for the acquisition of Iason as an acquisition of a business. All assets and liabilities of Iason except the vessel, necessary permits and time charter agreement, were retained by CMTC. The purchase price of the acquisition has been allocated to the identifiable assets acquired, with the excess of the fair value of assets acquired over the purchase price recorded as a gain from bargain purchase.

•

Purchase Price

The total purchase consideration of $65,000 was funded by $27,000 through a draw-down from the Partnership's 2008 credit facility, by $36,278 representing part of the net proceeds from the issuance of Partnership's Class B Convertible Preferred Units in March 2013 and by $1,722 from the Partnership's available cash.

•

Acquisition related costs

There were no costs incurred in relation to the acquisition of Iason.

•

Purchase price allocation

The allocation of the purchase price to acquired identifiable assets was based on their estimated fair values at the date of acquisition.

The fair value allocated to each class of identifiable assets of Iason and the gain from bargain purchase recorded as non operating income in the Partnership's consolidated statements of comprehensive income for the year ended December 31, 2013 was calculated as follows:


	As of March 27, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,768
Identifiable assets	$	73,768
Purchase price	$	(65,000	)

Gain from bargain purchase	$	8,768

After a subsequent review and reassessment of valuation methods and procedures of the $73,768 fair value amount for identifiable assets acquired, the Partnership concluded that its measurements for the assets acquired appropriately reflect consideration of all available information that existed as of the acquisition date. Therefore, the Partnership recorded a gain from bargain purchase of $8,768 in its consolidated statements of comprehensive income, in accordance with ASC Subtopic 805-30 “Business Combinations, Goodwill or Gain from Bargain Purchase, Including Consideration Transferred” as of the Iason acquisition date.

•

Identifiable intangible assets

The following table sets forth the component of the identifiable intangible asset acquired with the purchase of Iason which is being amortized over its duration on a straight-line basis as a reduction of revenue:


Intangible assets	As of March 27, 2013		Duration of time charter acquired
Above market acquired time charter	$	19,768		11.8 years

The fair value of the above market time charter acquired was determined as the difference between the time charter rate at which the vessel was fixed at and market rate for comparable charter as provided by independent third parties on the business combination date discounted at a WACC of approximately 11%.

Total revenues and net income of Hyundai Paramount since its acquisition by the Partnership were $6,732 and $3,220 respectively and included in the Partnership's consolidated statements of comprehensive income for the year ended December 31, 2013.

•

Pro Forma Financial Information

There is no pro forma financial information available in relation to the acquisition of Iason as its vessel was under construction up to the date of her acquisition by the Partnership.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1490-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7008-128479

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1500-128463

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1524-128463

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4922-128472

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4934-128472

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4926-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1383-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

Transactions with Related Parties

12 Months Ended

Dec. 31, 2015

Transactions with Related Parties (Abstract)

Transactions with Related Parties

4. Transactions with Related Parties

The Partnership and its subsidiaries, have related party transactions with CMTC which is a related party unit holder. The Partnership and its subsidiaries have also related party transactions with the Manager, arising from certain terms of the following three different types of management agreements.

Fixed fee management agreement: At the time of the completion of its Initial Public Offering (“IPO”), the Partnership entered into an agreement with its Manager, according to which the Manager provides the Partnership with certain commercial and technical management services for a fixed daily fee per managed vessel which covers the commercial and technical management services, the respective vessels' operating costs such as crewing, repairs and maintenance, insurance, stores, spares, and lubricants as well as the cost of the first special survey or next scheduled dry-docking, of each vessel. In addition to the fixed daily fees payable under the management agreement, the Manager is entitled to supplementary compensation for additional fees and costs (as defined in the agreement) of any direct and indirect additional expenses it reasonably incurs in providing these services, which may vary from time to time. The Partnership also pays a fixed daily fee per bareboat chartered vessel in its fleet, mainly to cover compliance and commercial costs, which include those costs incurred by the Manager to remain in compliance with the oil majors' requirements, including vetting requirements;

	2.	Floating fee management agreement: On June 9, 2011, the Partnership entered into an agreement with its Manager based on actual expenses per managed vessel with an initial term of five years. Under the terms of this agreement, the Partnership compensates its Manager for expenses and liabilities incurred on the Partnership's behalf while providing the agreed services, including, but not limited to, crew, repairs and maintenance, insurance, stores, spares, lubricants and other operating costs. Costs and expenses associated with a managed vessel's next scheduled dry docking are borne by the Partnership and not by the Manager. The Partnership also pays its Manager a daily technical management fee per managed vessel that is revised annually based on the United States Consumer Price Index; and
	3.	Crude management agreement: On September 30, 2011, the Partnership completed the acquisition of Crude Carriers Corp. and its subsidiaries (“Crude”). Three of the five crude tanker vessels, the Partnership acquired at the time of the completion of the merger with Crude, continue to be managed under a management agreement entered into in March 2010 with the Manager, whose initial term expires on December 31, 2020. Under the terms of this agreement the Partnership compensates the Manager for all of its expenses and liabilities incurred on the Partnership's behalf while providing the agreed services, including, but not limited to, crew, repairs and maintenance, insurance, stores, spares, lubricants and other operating and administrative costs. The Partnership also pays its Manager the following fees:

(a) a daily technical management fee per managed vessel that is revised annually based on the United States Consumer Price Index;

(b) a sale & purchase fee equal to 1% of the gross purchase or sale price upon the consummation of any purchase or sale of a vessel acquired/disposed by Crude; and

(c) a commercial services fee equal to 1.25% of all gross charter revenues generated by each vessel for commercial services rendered.

The Manager has the right to terminate the Crude management agreement and, under certain circumstances, could receive substantial sums in connection with such termination. As of March 2015 this termination fee had been adjusted to $9,760.

All the above three agreements constitute the “Management Agreements”.

Under the terms of the fixed fee management agreement, the Manager charged the Partnership for additional fees and costs, relating to insurances deductibles, vetting, and repairs and spares that related to unforeseen events. For the years ended December 31, 2015, 2014 and 2013 such fees amounted to $489, $840 and $644, respectively. The 2013 charge includes the amount of $330 that reflects the claim proceeds the Partnership received for the M/T Aristofanis.

On April 4, 2007, the Partnership entered into an administrative services agreement with the Manager, pursuant to which the Manager will provide certain administrative management services to the Partnership such as accounting, auditing, legal, insurance, IT, clerical, investor relations and other administrative services. Also the Partnership reimburses its general partner, Capital GP L.L.C. (the “CGP”) for all expenses which are necessary or appropriate for the conduct of the Partnership's business. The Partnership reimburses the Manager and CGP for reasonable costs and expenses incurred in connection with the provision of these services after the Manager submits to the Partnership an invoice for such costs and expenses, together with any supporting detail that may be reasonably required. These expenses are included in general and administrative expenses in the consolidated statements of comprehensive income.

Balances and transactions with related parties consisted of the following:


Consolidated Balance Sheets	As of December 31, 2015		As of December 31, 2014
Assets:
Hire receivable (c)	$	—	$	55
Due from related parties		—		55
Advances for vessels under construction (f)		18,172		66,641
Total assets	$	18,172	$	66,696
Liabilities:
Manager - payments on behalf of the Partnership (a)	$	21,264	$	16,517
Management fee payable to CSM (b)		890		980
Due to related parties	$	22,154	$	17,497
Deferred revenue - current (e)		4,253		6,020
Total liabilities	$	26,407	$	23,517


	For the year ended December 31,
Consolidated Statements of Income	2015		2014		2013
Revenues (c)	$	63,731	$	72,870	$	54,974
Voyage expenses		411		338		314
Vessel operating expenses		11,708		13,315		17,039
General and administrative expenses (d)		2,569		2,996		3,052

(a) Manager - Payments on Behalf of the Partnership: This line item includes the payments made by the Manager on behalf of the Partnership and its subsidiaries.

(b) Management fee payable to CSM: The amount outstanding as of December 31, 2015 and 2014 represents the management fee payable to CSM as a result of the Management Agreements the Partnership entered into with the Manager.

(c) Revenues: The following table includes information regarding the charter agreements that were in place between the Partnership and CMTC and its subsidiaries during 2015 and 2014.


Vessel Name	Time Charter (TC) in years	Commencement of Charter	Termination or earliest expected redelivery	Gross (Net) Daily Hire Rate
M/T Agisilaos	1 TC	09/2013	09/2014	$14.3 ($14.1)
M/T Agisilaos	1 TC	09/2014	09/2015	$14.3 ($14.1)
M/T Agisilaos	1 TC	09/2015	08/2016	$14.5 ($14.3)
M/T Axios	1 TC	06/2013	07/2014	$14.8 ($14.6)
M/T Axios	1 TC	07/2014	06/2015	$14.8 ($14.6)
M/T Arionas	1 TC	11/2013	12/2014	$14.3 ($14.1)
M/T Arionas	1.2 TC	12/2014	01/2016	$15.0 ($14.8)
M/T Alkiviadis	1 TC	07/2013	09/2014	$14.3 ($14.1)
M/T Amore Mio II	1 TC	12/2013	04/2015	$17.0 ($16.8)
M/T Amore Mio II	1 to 1.2 TC	04/2015	09/2015	$27.0 ($26.7)
M/T Avax	1 TC	09/2014	06/2015	$14.8 ($14.6)
M/T Akeraios	1.5 TC	07/2013	03/2015	$15.0 ($14.8)
M/T Akeraios	2 TC	03/2015	02/2017	$15.6 ($15.4)
M/T Apostolos	1.2 to 1.5 TC	10/2013	04/2015	$14.9 ($14.7)
M/T Apostolos	2 TC	04/2015	01/2016	$15.6 ($15.4)
M/T Anemos I	1.2 to 1.5 TC	12/2013	06/2015	$14.9 ($14.7)
M/T Anemos I	1 TC	06/2015	01/2016	$17.3 ($17.0)
M/T Aristotelis	1.5 to 2 TC	12/2013	12/2015	$17.0 ($16.8)
M/T Aristotelis	1.1 to 1.3 TC	12/2015	01/2017	$19.0 ($18.8)
M/T Amoureux	1┼1 TC	10/2011	01/2014	$20.0┼$24.0 ($19.8┼$23.7)
M/T Amoureux	1 TC	01/2014	04/2015	$24.0 ($23.7)
M/T Aias	1┼1 TC	11/2011	12/2013	$20.0┼$24.0 ($19.8┼$23.7)
M/T Aias	1 TC	12/2013	02/2015	$24.0 ($23.7)
M/T Assos	1 TC	06/2014	04/2015	$14.8 ($14.6)
M/T Atrotos	1 TC	05/2014	05/2015	$14.8 ($14.6)
M/T Atrotos	1 TC	05/2015	12/2015	$15.3 ($15.1)
M/T Miltiadis M II	0.6 TC	09/2015	03/2016	$35.0 ($34.6)
M/T Active	2 TC	04/2015	06/2015	$17.0 ($16.8)
M/T Amadeus	2 TC	06/2015	05/2017	$17.0 ($16.8)

(d) General and administrative expenses: This line item mainly includes internal audit, investor relations and consultancy fees.

(e) Deferred Revenue: As of December 31, 2015 and 2014 the Partnership had received cash in advance for charterhire relating to revenue earned in a subsequent period from CMTC.

(f) Advances for vessels under construction: As of December 31, 2014 this line item includes the advances of $30,224 the Partnership paid to CMTC for the acquisition of the five vessels according to the Master Agreement and the fair value of $36,417 from the reset of the incentive distribution rights (the “IDRs”) (Notes 5, 12). As of December 31, 2015 this line item includes the remaining vessel's advance of $7,921 the Partnership paid to CMTC and the fair value of $10,251 from the reset of the IDRs which was applicable to this vessel.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Fixed assets

12 Months Ended

Dec. 31, 2015

Property Plant And Equipment [Abstract]

Fixed assets

5. Fixed assets

(a) Advances for vessels under construction - related party

An analysis of advances for vessels under construction - related party is as follows:

	Advances for vessels under construction - related party
Balance as at January 1, 2014	$—
Additions	66,641
Balance as at December 31, 2014	$66,641
Additions	—
Transfer to vessels	(48,469	)
Balance as at December 31, 2015	$18,172

On July 24, 2014, the Partnership entered into a Master Agreement with CMTC to acquire five vessel owning companies that owned five under construction vessels (the “new buildings”) with attached time charters subject to the amendment of the partnership agreement to reset the target distributions to holders of the IDRs (Note 12). As the reset of the IDRs was a pre-condition for the acquisition of the vessels, the amount of $ 36,417, representing the difference between the fair value of $347,917 of the respective new buildings at the time of the approval of this transaction in August 2014 at the Partnership's annual general meeting and the contractual cash consideration of $ 311,500, is considered to be the deemed equity contribution and thus the fair value of the reset of the IDRs. The fair value of the IDRs reset has been accounted for in Partner's capital and is presented as “Excess between the fair value of the contracted vessels and the contractual cash consideration” in the consolidated statements of changes in partners' capital and in “Advances for vessels under construction - related party” in the Partnership's consolidated balance sheets as of December 31, 2014. The fair value of the new buildings amounting to $ 347,917 was based on the average of three valuations obtained from three independent shipbrokers.

Two of these five vessels are 50,000 dwt product carriers and the remaining three are 9,100 TEU post-panamax container carriers. Following the successful follow-on offering in September 2014 (Note 12), the Partnership made on September 10, 2014, an advance payment to CMTC of $30,224 in connection with the above acquisitions, and is presented as “Advances for vessels under construction - related party” in the Partnership's consolidated balance sheets. According to the Master Agreement the Partnership has also the right of first refusal to acquire six additional new building product tanker vessels with expected delivery dates in 2016. In September 2015, CMTC extended the right of first refusal to another two newbuilding product tanker vessels, with expected delivery dates in 2017.

During 2015 the Partnership acquired from CMTC the shares of the four out of the five vessels owning companies. As a result as at December 31, 2015, the amount of $18,172 consisted of advances totaling $7,921 that the Partnership paid to CMTC for the acquisition of the remaining vessel owning company and the fair value from the reset of the IDRs of $10,251 which was applicable to this vessel, and is presented as “Advances for vessels under construction-related party” in the Partnership's consolidated balance sheets as of December 31, 2015. This vessel is expected to be delivered in February 2016.

(b) Vessels, net

An analysis of vessels is as follows:

	Vessel Cost	Accumulated depreciation	Net book value
Balance as at January 1, 2014	$1,396,552	$(219,733)	$1,176,819
Acquisition and improvements	183	—	183
Depreciation for the period	—	(56,932	) (56,932)
Balance as at December 31, 2014	$1,396,735	$(276,665)	$1,120,070
Acquisitions and improvements	208,523	—	208,523
Transfer from Advances for vessels under construction - related party	48,469	—	48,469
Depreciation for the period	—	(61,577	) (61,577)
Balance as at December 31, 2015	$1,653,727	$(338,242)	$1,315,485

All of the Partnership's vessels as of December 31, 2015 have been provided as collateral to secure the Partnership's credit facilities.

On March 31, June 10, June 30 and September 18, 2015, the Partnership acquired the shares of the vessel owning companies of the M/T Active, the M/V Akadimos (renamed to “CMA CGM Amazon”), the M/T Amadeus and M/V Adonis (renamed to “CMA CGM Uruguay”) for a total consideration of $230,000 which was funded by loan drawdowns of $115,000 from the Partnership's 2013 credit facility and the remaining balance of $115,000 through the Partnership's available cash. The Partnership accounted for the acquisition of the vessel owning companies of the M/T Active, the M/V Akadimos, M/T Amadeus and M/V Adonis as acquisition of assets based on the absence of processes attached to the inputs. Other than the new buildings and the attached time charters, no other inputs and no processes were acquired. The Partnership considered whether any value should be assigned to the attached charter party agreements acquired and concluded that the contracted daily charter rates approximated market rates on the transaction completion dates and therefore, the total consideration was allocated in total to vessel cost. Thus these vessels were recorded in the Partnership's financial statements at their cost of $256,166. As of December 31, 2014 the Partnership had paid advances of $22,303 to CMTC for the acquisition of the shares of these vessel owning companies. The difference of $26,166 between the vessels' cost of $256,166 and the total consideration of $230,000 was part of the excess of $36,417 that the Partnership had recorded in its financial statements in August 2014 upon the approval of the Master Agreement and the IDRs reset at the Partnership's annual meeting.

During 2015, M/T Agisilaos, M/T Avax, M/T Akeraios, M/T Apostolos, M/V Archimidis and M/V Agamemnon underwent improvements during their scheduled special survey respectively. The costs of these improvements for these vessels amounted to $826 and were capitalized as part of the vessels' cost.

During 2014, M/T Ayrton II and M/T Amore Mio II underwent improvements during their scheduled special survey, respectively. The costs of these improvements for both vessels amounted to $183 and were capitalized as part of the vessels' cost.

Above market acquired charters

12 Months Ended

Dec. 31, 2015

Above market acquired charters [Abstract]

Above market acquired charters

6. Above market acquired charters

For the years ended December 31, 2015, 2014 and 2013 revenues included a reduction of $14,864, $16,000 and $13,594 as amortization of the above market acquired charters, respectively.

An analysis of above market acquired charters is as follows:


Above market acquired charters	M/V Cape Agamemnon			M/T Assos			M/V Agamemnon			M/V Archimidis			M/V Hyundai Premium			M/V Hyundai Paramount			M/V Hyundai Prestige			M/V Hyundai Privilege			M/V Hyundai Platinum			Total
Carrying amount as at January 1, 2014	$	34,814		$	612		$	1,363		$	1,432		$	18,396		$	18,528		$	18,575		$	18,816		$	18,846		$	131,382
Amortization		(5,357	)		(612	)		(863	)		(796	)		(1,668	)		(1,670	)		(1,693	)		(1,672	)		(1,669	)		(16,000	)
Carrying amount as at December 31, 2014	$	29,457		$	-		$	500		$	636		$	16,728		$	16,858		$	16,882		$	17,144		$	17,177		$	115,382
Amortization		(5,357	)		—			(500	)		(636	)		(1,668	)		(1,669	)		(1,692	)		(1,673	)		(1,669	)		(14,864	)
Carrying amount as at December 31, 2015	$	24,100		$	—		$	—		$	—		$	15,060		$	15,189		$	15,190		$	15,471		$	15,508		$	100,518

As of December 31, 2015 the remaining carrying amount of unamortized above market acquired time charters was $100,518 and will be amortized in future years as follows:


For the twelve month period ended December 31,	M/V Cape Agamemnon		M/V Hyundai Premium		M/V Hyundai Paramount		M/V Hyundai Prestige		M/V Hyundai Privilege		M/V Hyundai Platinum		Total
2016	$	5,372	$	1,668	$	1,670	$	1,697	$	1,676	$	1,674	$	13,757

2017		5,357		1,668		1,670		1,693		1,672		1,669		13,729

2018		5,357		1,668		1,670		1,693		1,672		1,669		13,729

2019		5,357		1,668		1,670		1,693		1,672		1,669		13,729

2020		2,657		1,668		1,670		1,697		1,676		1,674		11,042

Thereafter		—		6,720		6,839		6,717		7,103		7,153		34,532
Total	$	24,100	$	15,060	$	15,189	$	15,190	$	15,471	$	15,508	$	100,518

Long-Term Debt

12 Months Ended

Dec. 31, 2015

Long-Term Debt [Abstract]

Long-Term Debt

7. Long-Term Debt

Long-term debt consists of the following:


	Bank Loans	As of December 31, 2015		As of December 31, 2014		Margin
(i)	Issued in April, 2007 maturing in December, 2019 - $370,000 credit facility (the “2007 credit facility”)	$	185,975	$	250,850		3.00%
(ii)	Issued in March, 2008 maturing in December, 2019 - 2008 credit facility	$	181,641	$	233,065		3.00%
(iii)	Issued in June 2011 maturing in March 2018 - $25,000 credit facility (the “2011 credit facility”)	$	14,000	$	19,000		3.25%
(iv)	Issued in September 2013 maturing in December 2020 - 2013 credit facility	$	190,000	$	75,000		3.50%
	Total long-term debt	$	571,616	$	577,915
	Less: Deferred loan issuance costs		3,806		3,242
	Total long-term debt, net	$	567,810	$	574,673
	Less: Current portion of long-term debt		12,957		5,400
	Add: Current portion of deferred loan issuance costs		1,035		821
	Long-term debt, net	$	555,888	$	570,094

In April 2015, the Partnership entered into three amendments to its 2007, 2008 and 2011 credit facilities providing for:

the prepayments made on April 30, 2015, and funded by the proceeds of the April 2015 offering of common units (Note 12), of the scheduled four quarterly amortization payments in 2016 and the first quarter of 2017 in the respective aggregate amounts of $64,875, $46,024 and $5,000;
the deferral, following the prepayments, of any further scheduled amortization payments until November 2017 for the 2007 and 2008 credit facilities and until December 2017 for the 2011 credit facility;
an extension of the final maturity date to December 31, 2019 for the 2007 and 2008 credit facilities; and
an increase of the interest rate under the 2007 credit facility to 3.0% over LIBOR from 2.0% over LIBOR.

All other terms in our existing credit facilities remained unchanged.

During 2015, the Partnership had drawn down the amount of $115,000 from the Tranche B of the 2013 credit facility in order to partly finance the acquisition of the shares of the vessel owning companies of the M/T Active, the M/V Akadimos (renamed to “CMA CGM Amazon”), the M/T Amadeus and M/V Adonis (renamed to “CMA CGM Uruguay”), respectively (Note 5). As of December 31, 2015 the Partnership had undrawn long term borrowings of $35,000 under the tranche B of its 2013 credit facility.

The Partnership's credit facilities contain customary ship finance covenants, including restrictions as to: changes in management and ownership of the mortgaged vessels, the incurrence of additional indebtedness, the mortgaging of vessels, the ratio of EBITDA to Net Interest Expenses shall be no less than 2:1, minimum cash requirement of $500 per vessel, as well as the ratio of net Total Indebtedness to the aggregate Market Value of the total fleet shall not exceed 0.725:1. As of December 31, 2015 and 2014, restricted cash amounted to $17,000 and $15,000, respectively and is presented under other non-current assets. The credit facilities also contain the collateral maintenance requirement in which the aggregate average fair market value, of the collateral vessels shall be no less than 125% of the aggregate outstanding amount under these facilities. Also the vessel-owning companies may pay dividends or make distributions when no event of default has occurred and the payment of such dividend or distribution has not resulted in a breach of any of the financial covenants. As of December 31, 2015 and 2014 the Partnership was in compliance with all financial debt covenants.

The credit facilities have a general assignment of the earnings, insurances and requisition compensation of the respective vessel or vessels. Each also requires additional security, including: pledge and charge on current account; corporate guarantee from each of the thirty four vessel-owning companies, and mortgage interest insurance.

For the years ended December 31, 2015, 2014 and 2013, the Partnership recorded interest expense of $17,856, $16,480 and $14,982, which is included in “Interest expense and finance cost” in the consolidated statements of comprehensive income, respectively. As of December 31, 2015 and 2014 the weighted average interest rate of the Partnership's loan facilities was 3.65% and 2.81% respectively.

The required annual loan payments to be made subsequent to December 31, 2015 are as follows:


	2007 Credit Facility (i)		2008 Credit Facility (ii)		2011 Credit Facility (iii)		2013 Credit Facility (iv)		Total
2016	$	—	$	—	$	—	$	12,957	$	12,957
2017		12,975		9,205		1,000		12,957		36,137
2018		51,900		36,819		13,000		12,957		114,676
2019		121,100		135,617		—		12,957		269,674
2020		—		—		—		138,172		138,172
Total	$	185,975	$	181,641	$	14,000	$	190,000	$	571,616

According to the retrospectively adoption of ASU 2015-03 (Note 2s) the fees paid to lenders for obtaining new loans or refinancing existing loans are presented in the balance sheet as a direct deduction from the carrying amount of that debt and amortized as “Interest expense and finance cost” over the term of the respective loan using the effective interest rate method.

Financial Instruments

12 Months Ended

Dec. 31, 2015

Financial Instruments [Abstract]

Financial Instruments

8. Financial Instruments

The Partnership had entered into fourteen interest rate swap agreements in order to mitigate the exposure from interest rate fluctuations. During the year ended December 31, 2013, the Partnership's remaining interest rate swap agreements expired. During the years ended December 31, 2015 and 2014, the Partnership did not enter into any interest rate swap agreement.

The table below shows the effective portion of the hedging relationship of the Partnership's derivatives designated as hedging instruments recognized in Other Comprehensive Income (“OCI”), the realized losses from net interest rate settlements transferred from OCI into the Partnership's consolidated statements of comprehensive income and the amounts recognized in the consolidated statements of comprehensive income arising from the hedging relationships not qualifying for hedge accounting for the year ended December 31, 2013, as for the years ended December 31, 2015 and 2014 there were no such transactions:


Derivatives designated in cash flow hedging relationships recognized in OCI (Effective Portion)	Change in Fair Value of Hedging instrument recognized in OCI (Effective Portion)							Location of Gain/(loss) Reclassified into consolidated statements of comprehensive /income (Effective Portion)	Amount of Loss Reclassified from OCI into consolidated statements of comprehensive income (Effective Portion)							Amount of Gain recorded in OCI (Effective Portion)						Location of Gain/(loss) Recognized in the consolidated statements of comprehensive /income (ineffective portion)	Amount of Gain/(Loss) recognized in the consolidated statements of comprehensive / income
	2015		2014		2013				2015		2014		2013			2015		2014		2013			2015		2014		2013

Interest rate swaps		-		-		(4	)	Interest expense and finance cost		-		-		(466	)		-		-		462			-		-		4

The Partnership follows the accounting guidance for financial instruments that establishes a framework for measuring fair value under generally accepted accounting principles, and expands disclosure about fair value measurements. This guidance enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The statement requires that assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories:

Level 1: Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date;

Level 2: Inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly;

Level 3: Inputs are unobservable inputs for the asset or liability.

The carrying value of cash and cash equivalents and restricted cash, which are considered Level 1 items as they represent liquid assets with short-term maturities, trade receivables, due from related parties, due to related parties, trade accounts payable and accrued liabilities approximates their fair value. The fair values of long-term variable rate bank loans approximate the recorded values, due to their variable interest being the LIBOR and due to the fact the lenders have the ability to pass on their funding cost to the Partnership under certain circumstances, which reflects their current assessed risk. We believe the terms of our loans are similar to those that could be procured as of December 31, 2015. LIBOR rates are observable at commonly quoted intervals for the full terms of the loans and hence bank loans are considered Level 2 items in accordance with the fair value hierarchy. When the Partnership enters into interest swaps agreements the respective interest rate swaps are recorded at fair value on the consolidated balance sheet.

The fair value of the Partnership's interest rate swaps was the estimated value of the swap agreements at the reporting date, taking into account current interest rates and the forward yield curve and the creditworthiness of the Partnership and its counterparties.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41620-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579240-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4D
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624177-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80784-113994

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41641-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579245-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4H
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624258-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80748-113994

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5708775-113959

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5708773-113959

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5580258-113959

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624181-113959

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 25
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41638-113959

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Accrued Liabilities

12 Months Ended

Dec. 31, 2015

Accrued Liabilities [Abstract]

Accrued Liabilities

9. Accrued Liabilities

Accrued liabilities consist of the following:


	As of December 31,
	2015		2014
Accrued loan interest and loan fees	$	1,226	$	189
Accrued operating expenses		4,520		2,696
Accrued voyage expenses and commissions		1,188		2,159
Accrued general and administrative expenses		938		592
Total	$	7,872	$	5,636

Voyage Expenses and Vessel Operating Expenses

12 Months Ended

Dec. 31, 2015

Voyage Expenses and Vessel Operating Expenses [Abstract]

Voyage Expenses and Vessel Operating Expenses

10. Voyage Expenses and Vessel Operating Expenses

Voyage expenses and vessel operating expenses consist of the following:


	For the years ended December 31,
	2015		2014		2013
Voyage expenses:
Commissions	$	4,421	$	3,597		2,742
Bunkers		1,753		1,802		2,473
Port expenses		259		166		226
Other		457		680		649
Total	$	6,890	$	6,245		6,090

Vessel operating expenses:
Crew costs and related costs	$	31,788	$	28,945		21,154
Insurance expense		5,004		4,502		3,780
Spares, repairs, maintenance and other expenses		11,521		6,710		6,545
Stores and lubricants		7,790		6,535		5,022
Management fees (Note 4)		11,219		12,475		16,395
Vetting, insurances, spares and repairs (Note 4)		489		840		644
Other operating expenses		2,522		2,022		1,783
Total	$	70,333	$	62,029		55,323

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2015
Income Taxes [Abstract]
Income Taxes	11. Income Taxes Under the laws of the Marshall Islands and Liberia, the country in which the vessel-owning subsidiaries were incorporated, these companies are not subject to tax on international shipping income. However, they are subject to registration and tonnage taxes in the country in which the vessels are registered and managed from, which have been included in vessel operating expenses in the accompanying consolidated statements of comprehensive income. Pursuant to Section 883 of the United States Internal Revenue Code (the “Code”) and the regulations thereunder, a foreign corporation engaged in the international operation of ships is generally exempt from U.S. federal income tax on its U.S.-source shipping income if the foreign corporation meets both of the following requirements: (a) the foreign corporation is organized in a foreign country that grants an “equivalent exemption” to corporations organized in the United States for the types of shipping income (e.g., voyage, time, bareboat charter) earned by the foreign corporation and (b) more than 50% of the voting power and value of the foreign corporation's stock is “primarily and regularly traded on an established securities market” in the United States and certain other requirements are satisfied (the “Publicly-Traded Test”). The jurisdictions where the Partnership's vessel-owning subsidiaries are incorporated each grants an “equivalent exemption” to United States corporations with respect to each type of shipping income earned by the Partnership's vessel-owning subsidiaries. Additionally, our units are only traded on the Nasdaq Global Market, which is considered to be established securities market. The Partnership has satisfied the Publicly-Traded Test for the years ended December 31, 2015, 2014 and 2013 and the ship-owning subsidiaries are exempt from United States federal income taxation with respect to U.S.-source shipping income.

Partners' Capital

12 Months Ended

Dec. 31, 2015

Partners' Capital [Abstract]

Partners' Capital

12. Partners' Capital

General: The partnership agreement requires that within 45 days after the end of each quarter, beginning with the quarter ending June 30, 2007, all of the Partnership's available cash will be distributed to unitholders.

Definition of Available Cash: Available Cash, for each fiscal quarter, consists of all cash on hand at the end of the quarter:

•

less the amount of cash reserves established by our board of directors to:

•

provide for the proper conduct of the Partnership's business (including reserves for future capital expenditures and for our anticipated credit needs);

•

comply with applicable law, any of the Partnership's debt instruments, or other agreements; or

•

provide funds for distributions to the Partnership's unitholders and to the general partner for any one or more of the next four quarters;

•

plus all cash on hand on the date of determination of available cash for the quarter resulting from working capital borrowings made after the end of the quarter. Working capital borrowings are generally borrowings that are made under our credit agreements and in all cases are used solely for working capital purposes or to pay distributions to partners.

General Partner Interest and Incentive Distribution Rights (“IDRs”): The general partner has a 2% interest in the Partnership as well as the incentive distribution rights. In accordance with Section 5.2(b) of the partnership agreement, upon the issuance of additional units by the Partnership, the general partner may elect to make a contribution to the Partnership to maintain its 2% interest.

Incentive distribution rights represent the right to receive an increasing percentage of quarterly distributions of available cash from operating surplus after the minimum quarterly distribution and the target distribution levels have been achieved. The Partnership's general partner as of December 31, 2015, 2014 and 2013 holds the incentive distribution rights.

According to the partnership agreement the following table illustrates the percentage allocations of the additional available cash from operating surplus among the unitholders and general partner up to the various target distribution levels. The amounts set forth under “Marginal Percentage Interest in Distributions” are the percentage interests of the unitholders and general partner in any available cash from operating surplus that is being distributed up to and including the corresponding amount in the column “Total Quarterly Distribution Target Amount,” until available cash from operating surplus the Partnership distributes reaches the next target distribution level, if any. The percentage interests shown for the unitholders and general partner for the minimum quarterly distribution are also applicable to quarterly distribution amounts that are less than the minimum quarterly distribution.


		Marginal Percentage Interest in Distributions
	Total Quarterly Distribution Target Amount per Unit	Unitholders			General Partner
Minimum Quarterly Distribution	$0.3750		98	%		2	%
First Target Distribution	up to $0.4313		98	%		2	%
Second Target Distribution	above $0.4313 up to $0.4688		85	%		15	%
Third Target Distribution	above $0.4688 up to $0.5625		75	%		25	%
Thereafter	above $0.5625		50	%		50	%

General Partner Interest and Incentive Distribution Rights (“IDRs”) - Continued

On August 21, 2014, the Fourth Amendment to the Second Amended and Restated Agreement of Limited Partnership of the Partnership was approved, by the Partnership's annual general meeting, so as to revise the target distributions to holders of IDRs.

The Fourth Amendment resets the thresholds for the IDRs as follows:


		Marginal Percentage Interest in Distributions
	Total Quarterly Distribution Target Amount per Unit	Unitholders			General Partner
Minimum Quarterly Distribution	$0.2325		98	%		2	%
First Target Distribution	up to $0.2425		98	%		2	%
Second Target Distribution	above $0.2425 up to $0.2675		85	%		15	%
Third Target Distribution	above $0.2675 up to $0.2925		75	%		25	%
Thereafter	above $0.2925		65	%		35	%

Following the annual general meeting, CMTC unilaterally notified the Partnership that it has decided to waive its rights to receive quarterly incentive distributions between $0.2425 and $0.25. This waiver effectively increases the First Threshold and the lower band of the Second Threshold (as referenced in the table above) from $0.2425 to $0.25.

Distributions of Available Cash From Operating Surplus: Our partnership agreement requires that we will make distributions of available cash from operating surplus for any quarter after the subordination period in the following manner:

•

first, 98% to all unitholders, pro rata, and 2.0% to our general partner, until we distribute for each outstanding unit an amount equal to the minimum quarterly distribution for that quarter; and

•

thereafter, in the manner described in the above table.

During 2012 and 2013 the Partnership issued in total 24,655,554 Class B Convertible Preferred Units to a group of investors including CMTC according to two separate Class B Convertible Preferred Unit Subscription Agreements (“the Agreements”) that the Partnership had entered with this group of investors in 2012 and 2013. The holders of the Class B Convertible Preferred Units have the right to convert all or a portion of such Class B Convertible Preferred Units at any time into Common Units at the conversion price of $9 per Class B Convertible Preferred Unit and a conversion rate of one Common Unit per one Class B Convertible Preferred Unit. The Conversion Ratio and the Conversion Price shall be adjusted upon the occurrence of certain events as described in the Agreements.

Commencing on May 23, 2015, in the event the 30-day volume-weighted average trading price (“VWAP”) and the daily VWAP of the Common Units on the National Securities Exchange on which the Common Units are listed or admitted to trading exceeds 130% of the then applicable Conversion Price for at least 20 Trading Days out of the 30 consecutive Trading Day period used to calculate the 30-day VWAP (the “Partnership Mandatory Conversion Event”) the Partnership acting pursuant to direction and approval of the Conflicts Committee (following consultation with the full board of directors), shall have the right to convert the Class B Convertible Preferred Units then outstanding in whole or in part into Common Units at the then-applicable Conversion Ratio.

The holders of the outstanding Class B Convertible Preferred Units as of an applicable record date shall be entitled to receive, when, as and if authorized by the Partnership's board of directors or any duly authorized committee, out of legally available funds for such purpose, (a) first, the minimum quarterly Class B Convertible Preferred Unit Distribution Rate on each Class B Convertible Preferred Unit and (b) second, any cumulative Class B Convertible Preferred Unit Arrearage then outstanding, prior to any other distributions made in respect of any other Partnership Interests pursuant to the Agreements in cash. The minimum quarterly Class B Convertible Preferred Unit Distribution Rate shall be payable quarterly which is generally expected to be February 10, May 10, August 10 and November 10, or, if any such date is not a business day, the next succeeding business day.

No distribution on the Class B Convertible Preferred Units shall be authorized by the board of directors or declared or paid or set apart for payment by the Partnership at such time as the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, prohibits such authorization, declaration, payment or setting apart for payment or provides that such authorization, declaration, payment or setting apart for payment would constitute a breach thereof, or a default thereunder, or if such authorization, declaration, payment or setting apart for payment shall be restricted or prohibited by law. The foregoing, distributions with respect to the Class B Convertible Preferred Units shall accumulate as of the Class B Convertible Preferred Unit distribution payment date on which they first become payable whether or not any of the foregoing restrictions in above exist, whether or not there is sufficient Available Cash for the payment thereof and whether or not such distributions are authorized. A cumulative Class B Convertible Preferred Unit arrearage shall not bear interest and holders of the Class B Convertible Preferred Units shall not be entitled to any distributions, whether payable in cash, property or Partnership Interests, in excess of the then cumulative Class B Convertible Preferred Unit arrearage plus the minimum quarterly Class B Convertible Preferred Unit distribution rate for such quarter.

With respect to Class B Convertible Preferred Units that are converted into Common Units, the holder thereof shall not be entitled to a Class B Convertible Preferred Unit distribution and a Common Unit distribution with respect to the same period, but shall be entitled only to the distribution to be paid based upon the class of Units held as of the close of business on the record date for the distribution in respect of such period; provided, however, that the holder of a converted Class B Convertible Preferred Unit shall remain entitled to receive any accrued but unpaid distributions due with respect to such Unit on or as of the prior Class B Convertible Preferred Unit distribution payment date; and provided, further , that if the Partnership exercises the Partnership Mandatory Conversion Right to convert the Class B Convertible Preferred Units pursuant to this Agreements then the holders' rights with respect to the distribution for the Quarter in which the Partnership Mandatory Conversion Notice is received is as set forth in these Agreements.

During 2015, 2014 and 2013 various holders of Class B Convertible Preferred Units including CMTC converted 1,240,404, 4,698,484 and 5,733,333 Class B Convertible Preferred Units into common units respectively. As a result in the Partnership's Consolidated Statements of Changes in Partners' Capital the Partnership's Limited Partners-Preferred decreased by $10,642, $40,287 and $50,318 and Partnership's Limited Partners-Common increased by $10,642, $40,287 and $50,318, respectively for the years ended December 31, 2015, 2014, and 2013. The convertion rate was one common unit per one class B convertible preferred unit.

During 2015, 2014 and 2013 CMTC converted 315,908, 358,624 and 349,700 common units into general partner units respectively, in order for CGP to maintain its 2% interest in the Partnership. As a result in the Partnership's Consolidated Statements of Changes in Partners' Capital the Partnership's Limited Partners-Common decreased by $2,742, $3,696 and $3,060 and General Partner increased by $2,742, $3,696 and $3,060, respectively for the years ended December 31, 2015, 2014 and 2013.

In December 2015, the Partnership issued 850,000 common units under its Omnibus Incentive Compensation Plan (Note 13).

In April 2015, the Partnership completed successfully a follow-on equity offering of 14,555,000 common units, including 1,100,000 common units sold to CMTC and 1,755,000 common units representing the overallotment option at a net price of $9.53 per common unit, receiving proceeds of $133,327 after the deduction of the underwriters' commissions. After the deduction of expenses relating to this equity offering, the net proceeds amounted to $132,588.

In December 2014 CMTC acquired 332,040 Partnership's common units.

In September 2014, the Partnership completed successfully a follow-on equity offering of 17,250,000 common units, including 2,250,000 common units representing the overallotment option which was fully exercised, at a net price of $10.53 per common unit, receiving proceeds of $173,932 after the deduction of the underwriters' commissions. After the deduction of expenses relating to this equity offering the net proceeds of this offering amounted to $173,504. The Partnership used an amount of $60,000 of the net proceeds to acquire common units from CMTC at a price per unit equal to the offering price (net of underwriting discount). The number of units acquired was equal to an aggregate of 5,950,610 common units which were cancelled immediately, in accordance with the terms of the offering. Furthermore, the Partnership used an additional amount of $30,224 of the net proceeds of the offering as an advance payment to CMTC in connection with the acquisition of the five new buildings as described in the Master Agreement (Note 5). The remaining balance of the net proceeds of the offering was used by the Partnership to partly finance the acquisition cost of $311,500, of the new buildings from CMTC and for general Partnership purposes.

In August 2013, the Partnership completed successfully an equity offering of 13,685,000 common units, including 1,785,000 common units representing the overallotment option which was fully exercised, at a net price of $9.25 per common unit, receiving proceeds of $120,696 after the deduction of the underwriters' commissions. After the deduction of expenses relating to this equity offering the net proceeds of this offering amounted to $119,811.

As of December 31, 2015 and 2014 our partners' capital included the following units:


	As of December 31, 2015		As of December 31, 2014
Common units		120,409,456		104,079,960
General partner units		2,439,989		2,124,081
Preferred units		12,983,333		14,223,737
Total partnership units		135,832,778		120,427,778

Omnibus Incentive Compensation Plan

12 Months Ended

Dec. 31, 2015

Omnibus Incentive Compensation Plan [Abstract]

Omnibus Incentive Compensation Plan

13. Omnibus Incentive Compensation Plan

a. Partnership's Omnibus Incentive Compensation Plan

On April 29, 2008, the board of directors approved the Partnership's Plan according to which the Partnership may issue a limited number of awards, not to exceed 500,000 units. The Plan was amended on July 22, 2010 increasing the aggregate number of restricted units issuable under the Plan to 800,000 which was then increased to 1,650,000 common units on August 21, 2014, at the annual general meeting of the Partnership's unit holders. The Plan is administered by the general partner as authorized by the board of directors. The persons eligible to receive awards under the Plan are officers, directors, and executive, managerial, administrative and professional employees of the Manager, or CMTC, or other eligible persons (collectively, “key persons”) as the general partner, in its sole discretion, shall select based upon such factors as it deems relevant. Members of the board of directors and officers of the general partner are considered to be employees of the Partnership (“Employees”) for the purposes of recognition of equity compensation expense, while employees of the Manager, CMTC and other eligible persons under the plan are not considered to be employees of the Partnership (“Non-Employees”). Awards may be made under the Plan in the form of incentive stock options, non-qualified stock options, stock appreciation rights, dividend equivalent rights, restricted stock, unrestricted stock, restricted stock units and performance shares.

On December 23, 2015 the Partnership awarded 240,000 and 610,000 unvested units to Employees and Non-Employees, respectively. Awards granted to certain Employees and Non Employees will vest in three equal annual installments. The remaining awards will vest on December 31, 2018. As of December 31, 2015 the unvested units did not accrue any distributions.

All unvested units are conditional upon the grantee's continued service as Employee and/or Non-Employee until the applicable vesting date.

The unvested units accrued distributions as declared and paid which are retained by the custodian of the Plan until the vesting date at which they were payable to the grantee. As unvested unit grantees accrued distributions on awards that are expected to vest, such distributions are charged to Partner's capital.

b. Crude's Equity Incentive Plan

On March 1, 2010 Crude adopted an equity incentive plan according to which Crude issued 399,400 shares out of 400,000 restricted shares that were authorized. Members of the board of directors were considered to be employees of Crude (“Employees”), while employees of Crude's affiliates and other eligible persons under this plan were not considered to be employees of Crude (“Non-Employees”). Awards granted to certain Employees vest in three equal annual installments. The remaining awards vested on August 31, 2013.

The following table contains details of our plan:


	Employee equity compensation				Non-Employee equity compensation
Unvested Units	Units		Grant-date fair value		Units		Award-date fair value
Unvested on January 1, 2015		—	$	—		—	$	—
Granted		240,000		1,325		610,000		3,367
Unvested on December 31, 2015		240,000	$	1,325		610,000	$	3,367

For the year ended December 31, 2015, 2014, and 2013 the equity compensation expense that has been charged in the consolidated statements of comprehensive income was $10, $0 and $1,216 for the Employee awards and $24, $0 and $2,312 for the Non-Employee awards, respectively. This expense has been included in general and administrative expenses in the consolidated statements of comprehensive income for each respective year.

As of December 31, 2015 the total compensation cost related to non vested awards is $4,658 and is expected to be recognized over a weighted average period of three years. The Partnership uses the straight-line method to recognize the cost of the awards.

Net Income Per Unit

12 Months Ended

Dec. 31, 2015

Net Income Per Unit [Abstract]

Net Income Per Unit

14. Net Income Per Unit

The general partner's and common unit holders' interests in net income are calculated as if all net income for periods subsequent to April 4, 2007, were distributed according to the terms of the partnership agreement, regardless of whether those earnings would or could be distributed. The partnership agreement does not provide for the distribution of net income; rather, it provides for the distribution of available cash (Note 12), which is a contractually-defined term that generally means all cash on hand at the end of each quarter after establishment of cash reserves determined by the Partnership's board of directors to provide for the proper resources for the Partnership's business. Unlike available cash, net income is affected by non-cash items. The Partnership follows the guidance relating to the Application of the Two-Class Method and its application to Master Limited Partnerships which considers whether the incentive distributions of a master limited partnership represent a participating security when considered in the calculation of earnings per unit under the Two-Class Method.

This guidance also considers whether the partnership agreement contains any contractual limitations concerning distributions to the incentive distribution rights that would impact the amount of earnings to allocate to the incentive distribution rights for each reporting period.

Under the partnership agreement, the holder of the incentive distribution rights in the Partnership, which is currently CGP, assuming that there are no cumulative arrearages on common unit distributions, has the right to receive an increasing percentage of cash distributions (Note 12).

The Partnership excluded the dilutive effect of the 12,983,333 and 14,223,737 Class B Convertible Preferred Units in calculating dilutive EPU as of December 31, 2015 and 2014, respectively as they were anti-dilutive. As of December 31, 2013 no Class B Convertible Preferred Units were excluded as they were dilutive.

As of December 31, 2015 the Partnership excluded the dilutive effect of 850,000 non-vested unit awards in calculating dilutive EPU for its common unitholders as they were anti-dilutive. As of December 31, 2014 and 2013 there were no non-vested units. The non-vested units are participating securities because they received distributions from the Partnership and these distributions do not have to be returned to the Partnership if the non-vested units are forfeited by the grantee.

Excluding the non-cash gain from bargain purchase for the year ended December 31, 2013, as it was not distributed to the Partnership's unit holders, the Partnership's net income for the years ended December 31, 2015, 2014 and 2013 did not exceed the First Target Distribution Level, and as a result, the assumed distribution of net income did not result in the use of increasing percentages to calculate CGP's interest in net income.

The two class method used to calculate EPU is as follows:



BASIC	2015		2014		2013
Numerators
Partnership's net income	$	55,410	$	44,012	$	99,481
Less:
Preferred unit holders' interest in Partnership's net income		11,334		14,042		18,805
General Partner's interest in Partnership's net income		879		593		1,598
Partnership's net income allocable to unvested units		8		—		678
Common unit holders' interest in Partnership's net income	$	43,189	$	29,377	$	78,400
Denominators
Weighted average number of common units outstanding, basic		115,030,879		93,353,168		75,645,207
Net income per common unit:
Basic	$	0.38	$	0.31	$	1.04


DILUTED	2015		2014		2013
Numerators
Partnership's net income	$	55,410	$	44,012		99,481
Less:
Preferred unit holders' interest in Partnership's net income		11,334		14,042		18,805
General Partner's interest in Partnership's net income		879		593		1,574
Partnership's net income allocable to unvested units		8		—		678
Add:
Preferred unit holders' interest in Partnership's net income		—		—		18,805
Partnership's net income allocable to unvested units		—		—		678
	$	43,189	$	29,377		97,907
Denominators
Weighted average number of common units outstanding, basic		115,030,879		93,353,168		75,645,207
Dilutive effect of preferred units		—		—		21,069,664
Dilutive effect of unvested shares		—		—		654,265
Weighted average number of common units outstanding, diluted		115,030,879		93,353,168		97,369,136
Net income per common unit:
Diluted	$	0.38	$	0.31		1.01

Gain on sale of claim	12 Months Ended
Gain on sale of claim	Dec. 31, 2015
Gain on sale of claim [Abstract]
Gain on sale of claim	<div style="text-align:justify;margin-top:9.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>15. Gain on sale of claim</b></font></div> <div style="text-align:justify;margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">On November 14, 2012, Overseas Shipholding Group Inc (“OSG”) and certain of its subsidiaries made a voluntary filing for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The Partnership had three IMO II/III Chemical/Product tankers (M/T Alexandros II, M/T Aristotelis II and M/T Aris II) or (the “Vessels”), all built in 2008 by STX Offshore & Shipbuilding Co. Ltd. with long term bareboat charters to subsidiaries of OSG (“Original Charter Contracts” or “Rejected Charters”).</font></div> <div style="text-align:justify;margin-top:9.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">After discussions with OSG, the Partnership agreed to enter into new charter contracts (“New Charter Contracts”) with OSG on substantially the same terms as the Original Charter Contracts, but at a bareboat rate of $6.3 per day per vessel instead of $13.0 per day per vessel as per the Original Charter Contracts. The new charters were approved by the Bankruptcy Court on March 21, 2013 and were effective as of March 1, 2013. On the same date, the Bankruptcy Court also rejected the Original Charter Contracts as of March 1, 2013. Rejection of each charter constitutes a material breach of such charter. On May 24, 2013, the Partnership filed claims (the “Claims”) against each of the charterers and their respective guarantors for damages resulting from the rejection of each of the Original Charter Contracts, including, among other things, the difference between the reduced amount of the New Charter Contracts and the amount due under each of the Rejected Charters. The total claim amount of the three claims stood at $54,096 (“Total Claim Amount”).</font></div> <div style="text-align:justify;margin-top:9.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">The Partnership unconditionally and irrevocably sold, transferred and assigned to Deutsche Bank, 100% of its right, title, interest, claims and causes of action in and to arising in connection with all three of the claims that the vessel-owning subsidiaries have against OSG, via Assignment Agreements signed on June 25, 2013, thus releasing the Partnership of any payments or distributions of money or property in respect of the claim to be delivered or made to Deutsche Bank. In connection with the Assignment Agreements, on July 2, 2013, Deutsche Bank filed with the Bankruptcy Court six separate Evidences of Transfer of Claim, each pertaining to the Partnership's vessel-owning subsidiaries' claims against each charterer party to the original three charter agreements and each respective guarantor thereof.</font></div> <div style="text-align:justify;margin-top:9.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">On June 26, 2013 pursuant to the Assignment Agreements, the Partnership received from Deutsche Bank an amount of $32,000 as part payment for the assignment of the three claims. On December 18, 2013 the Partnership and Deutsche Bank entered into a Settlement Notice and Refund Modification Agreement according to which the maximum amount to be refunded to Deutsche Bank would be $644 which was presented under “Accrued liabilities” in the Partnership's consolidated Balance Sheets.</font></div> <div style="text-align:justify;margin-top:9.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Consequently, the Partnership had recorded the amount of $31,356 which represents the difference between the proceeds of $32,000 the Partnership received by Deutsche Bank and the maximum amount to be refunded to Deutsche Bank of $644, as “Gain on sale of claim” in its consolidated statement of comprehensive income. On February 19, 2014 the Partnership paid the amount of $644 to Deutsche Bank.</font></div> <div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div> <div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div> <div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000;"><b> </b></font></div> <div style="text-align:justify;text-indent:0.0px;"></div>

Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies [Abstract]

Commitments and Contingencies

16. Commitments and Contingencies

Various claims, suits, and complaints, including those involving government regulations and product liability, arise in the ordinary course of the shipping business. In addition, losses may arise from disputes with charterers, agents, insurance and other claims with suppliers relating to the operations of the Partnership's vessels. The Partnership is not aware of any such claims or contingent liabilities, which should be disclosed, or for which a provision should be established in the accompanying consolidated financial statements.

The Partnership accrues for the cost of environmental liabilities when management becomes aware that a liability is probable and is able to reasonably estimate the probable exposure. Currently, the Partnership is not aware of any such claims or contingent liabilities, which should be disclosed, or for which a provision should be established in the consolidated financial statements.

An estimated loss from a contingency should be accrued by a charge to expense and a liability recorded only if all of the following conditions are met:

Information available prior to the issuance of the financial statement indicates that it is probable that a liability has been incurred at the date of the financial statements.
The amount of the loss can be reasonably estimated.

(a) Vessels Purchase Commitment:

Pursuant to the Master Agreement, the Partnership has outstanding purchase commitment relating to the acquisition of the last out of the five new buildings of $73,579 that is payable in February 2016.

(b) Lease Commitments: Future minimum charter hire receipts, excluding any profit share revenue that may arise, based on non-cancelable long-term time and bareboat charter contracts, as of December 31, 2015 were:


Year ended December 31,	Amount
2016	$	213,385
2017		165,329
2018		123,761
2019		97,619
2020		75,599
Thereafter		221,123
Total	$	896,816

Subsequent Events

12 Months Ended

Dec. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

17. Subsequent Events

(a)

Dividends: On January 20, 2016, the board of directors of the Partnership declared a cash distribution of $0.2385 per common unit for the fourth quarter of 2015. The fourth quarter common unit cash distribution was paid on February 12, 2016, to unit holders of record on February 5, 2016.

(b)

Dividends: On January 20, 2016, the board of directors of the Partnership declared a cash distribution of $0.21975 per Class B unit for the fourth quarter of 2015. The cash distribution was paid on February 10, 2016, to Class B unit holders of record on February 3, 2016.

Significant Accounting Policies (Policy)

12 Months Ended

Dec. 31, 2015

Significant Accounting Policies [Abstract]

Principles of Consolidation:

(a)

Use of Estimates:

(b)

Other Comprehensive Income:

(c)

Accounting for Revenue, Voyage and Operating Expenses:

(d)

Vessel operating expenses presented in the consolidated financial statements mainly consist of:

•

Management fees payable to the Partnership's manager Capital Shipmanagement Corp. (the “Manager” or “CSM”) under three different types of Management agreements (Note 4); and

•

Actual operating expenses such as crewing, repairs and maintenance, insurance, stores, spares, lubricants and other operating expenses.

Vessel operating expenses are expensed as incurred.

Foreign Currency Transactions:

(e)

Cash and Cash Equivalents:

(f)

Restricted Cash:

(g)

Trade Accounts Receivable, Net:

(h)

Inventories:

(i)

Fixed Assets:

(j)

Impairment of Long-Lived Assets:

(k)

Intangible assets:

(l)

Deferred charges, net:

(m)

Concentration of Credit Risk:

(n)

Interest Rate Swap Agreements:

(o)

Net Income Per Limited Partner Unit:

(p)

Segment Reporting:

(q)

Omnibus Incentive Compensation Plan:

(r)

Recent Accounting Pronouncements:

(s)

Basis of Presentation and General Information (Tables)

12 Months Ended

Dec. 31, 2015

Basis of Presentation and General Information [Abstract]

List of Subsidiaries

Subsidiary

Date of
Incorporation

Name of Vessel Owned by
Subsidiary

DWT

Date acquired
by the
Partnership

Date acquired
by CMTC

Capital Product Operating GP LLC

01/16/2007

—

Crude Carriers Corp.

10/29/2009

—

09/30/2011

—

Crude Carriers Operating Corp.

01/21/2010

—

09/30/2011

—

Shipping Rider Co.

09/16/2003

M/T Atlantas
(M/T British Ensign)

36,760

04/04/2007

04/26/2006

Canvey Shipmanagement Co.

03/18/2004

M/T Assos

47,872

08/16/2010

04/04/2007

05/17/2006

Centurion Navigation Limited

08/27/2003

M/T Aktoras
(M/T British Envoy)

36,759

04/04/2007

07/12/2006

Polarwind Maritime S.A.

10/10/2003

M/T Agisilaos

36,760

04/04/2007

08/16/2006

Carnation Shipping Company

11/10/2003

M/T Arionas

36,725

04/04/2007

11/02/2006

Apollonas Shipping Company

02/10/2004

M/T Avax

47,834

04/04/2007

01/12/2007

Tempest Maritime Inc.

09/12/2003

M/T Aiolos
(M/T British Emissary)

36,725

04/04/2007

03/02/2007

Iraklitos Shipping Company

02/10/2004

M/T Axios

47,872

04/04/2007

02/28/2007

Epicurus Shipping Company

02/11/2004

M/T Atrotos

47,786

03/01/2010

05/08/2007

Laredo Maritime Inc.

02/03/2004

M/T Akeraios

47,781

07/13/2007

Lorenzo Shipmanagement Inc.

05/26/2004

M/T Apostolos

47,782

09/20/2007

Splendor Shipholding S.A.

07/08/2004

M/T Anemos I

47,782

09/28/2007

Ross Shipmanagement Co.

12/29/2003

M/T Attikos (1)

12,000

09/24/2007

01/20/2005

Sorrel Shipmanagement Inc.

02/07/2006

M/T Alexandros II
(M/T Overseas Serifos)

51,258

01/29/2008

Baymont Enterprises Incorporated

05/29/2007

M/T Amore Mio II

159,982

03/27/2008

07/31/2007

Forbes Maritime Co.

02/03/2004

M/T Aristofanis (2)

12,000

04/30/2008

06/02/2005

Wind Dancer Shipping Inc.

02/07/2006

M/T Aristotelis II
(M/T Overseas Sifnos)

51,226

06/17/2008

Belerion Maritime Co.

01/24/2006

M/T Aris II
(M/T Overseas Kimolos)

51,218

08/20/2008

Mango Finance Corp.

07/14/2006

M/T Agamemnon II (3)

51,238

04/07/2009

11/24/2008

Navarro International S.A.

07/14/2006

M/T Ayrton II

51,260

04/13/2009

04/10/2009

Adrian Shipholding Inc.

06/22/2004

M/T Alkiviadis

36,721

06/30/2010

03/29/2006

Patroklos Marine Corp.

06/17/2008

M/V Cape Agamemnon

179,221

06/09/2011

01/25/2011

Cooper Consultants Co. renamed to

Miltiadis M II Carriers Corp.

04/06/2006

M/T Miltiadis M II

162,397

09/30/2011

04/26/2006

Amoureux Carriers Corp.

04/14/2010

M/T Amoureux

149,993

09/30/2011

—

Aias Carriers Corp.

04/14/2010

M/T Aias

150,393

09/30/2011

—

Agamemnon Container Carrier Corp.

04/19/2012

M/V Agamemnon

108,892

12/22/2012

06/28/2012

Archimidis Container Carrier Corp.

04/19/2012

M/V Archimidis

108,892

12/22/2012

06/22/2012

Aenaos Product Carrier S.A.

10/16/2013

M/T Aristotelis

51,604

11/28/2013

—

Anax Container Carrier S.A

04/08/2011

M/V Hyundai Prestige

63,010

09/11/2013

02/19/2013

Hercules Container Carrier S.A.

04/08/2011

M/V Hyundai Premium

63,010

03/20/2013

03/11/2013

Iason Container Carrier S.A

04/08/2011

M/V Hyundai Paramount

63,010

03/27/2013

Thiseas Container Carrier S.A.

04/08/2011

M/V Hyundai Privilege

63,010

09/11/2013

05/31/2013

Cronus Container Carrier S.A.

07/19/2011

M/V Hyundai Platinum

63,010

09/11/2013

06/14/2013

Miltiadis M II Corp.

08/28/2012

Dias Container Carrier S.A

05/16/2013

M/V Akadimos (CMA CGM Amazon) (4)

115,145

06/10/2015

Poseidon Container Carrier S.A

05/16/2013

M/V Adonis (CMA CGM Uruguay) (4)

115,639

09/18/2015

Isiodos Product Carrier S.A

05/31/2013

M/T Active (4)

50,136

03/31/2015

Titanas Product Carrier S.A

05/31/2013

M/T Amadeus (4)

50,108

06/30/2015

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Anax Container Carrier S.A.

Business Acquisition [Line Items]

Purchase price allocation


	As of September 11, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,094
Identifiable assets	$	73,094
Purchase price		(65,000	)
Gain from bargain purchase	$	8,094

Identifiable intangible assets


Intangible assets	As of September 11, 2013		Duration of time charter acquired
Above market acquired time charter	$	19,094		11.3 years

Pro Forma Financial Information


	For the year ended December 31, 2013
Total revenues	$	176,535
Partnership's net income	$	100,624
Preferred unit holders' interest in Partnership's net income	$	18,805
General Partner's interest in Partnership's net income	$	1,621
Common unit holders interest in Partnership's net income	$	80,198
Net income per common unit basic	$	1.05
Net income per common unit diluted	$	1.02

Thiseas Container Carrier S.A.

Business Acquisition [Line Items]

Purchase price allocation


	As of September 11, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,329
Identifiable assets	$	73,329
Purchase price		(65,000	)

Gain from bargain purchase	$	8,329

Identifiable intangible assets


Intangible assets	As of September 11, 2013		Duration of time charter acquired
Above market acquired time charter	$	19,329		11.6 years

Pro Forma Financial Information


		For the year ended December 31, 2013
Total revenues	$	174,045
Partnership's net income	$	100,144
Preferred unit holders' interest in Partnership's net income	$	18,805
General Partner's interest in Partnership's net income	$	1,611
Common unit holders interest in Partnership's net income	$	79,728
Net income per common unit basic	$	1.04
Net income per common unit diluted	$	1.01

Cronus Container Carrier S.A.

Business Acquisition [Line Items]

Purchase price allocation


	As of September 11, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,358
Identifiable assets	$	73,358
Purchase price		(65,000	)

Gain from bargain purchase	$	8,358

Identifiable intangible assets


Intangible assets	As of September 11, 2013		Duration of time charter acquired
Above market acquired time charter	$	19,358		11.6 years

Pro Forma Financial Information


		For the year ended December 31, 2013
Total revenues	$	173,699
Partnership's net income	$	100,031
Preferred unit holders' interest in Partnership's net income	$	18,805
General Partner's interest in Partnership's net income	$	1,609
Common unit holders interest in Partnership's net income	$	79,617
Net income per common unit basic	$	1.04
Net income per common unit diluted	$	1.01

Hercules Container Carrier S.A.

Business Acquisition [Line Items]

Purchase price allocation


	As of March 20, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,707
Identifiable assets	$	73,707
Purchase price		(65,000	)

Gain from bargain purchase	$	8,707

Identifiable intangible assets


Intangible assets	As of March 20, 2013		Duration of time charter acquired
Above market acquired time charter	$	19,707		11.8 years

Pro Forma Financial Information


		For the year ended December 31, 2013
Total revenues	$	171,717
Partnership's net income	$	99,571
Preferred unit holders' interest in Partnership's net income	$	18,805
General Partner's interest in Partnership's net income	$	1,600
Common unit holders interest in Partnership's net income	$	79,166
Net income per common unit basic	$	1.04
Net income per common unit diluted	$	1.01

Iason Container Carrier S.A.

Business Acquisition [Line Items]

Purchase price allocation


	As of March 27, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,768
Identifiable assets	$	73,768
Purchase price	$	(65,000	)

Gain from bargain purchase	$	8,768

Identifiable intangible assets


Intangible assets	As of March 27, 2013		Duration of time charter acquired
Above market acquired time charter	$	19,768		11.8 years

Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2015

Transactions with Related Parties (Abstract)

Balances and Transactions with Related Parties


Consolidated Balance Sheets	As of December 31, 2015		As of December 31, 2014
Assets:
Hire receivable (c)	$	—	$	55
Due from related parties		—		55
Advances for vessels under construction (f)		18,172		66,641
Total assets	$	18,172	$	66,696
Liabilities:
Manager - payments on behalf of the Partnership (a)	$	21,264	$	16,517
Management fee payable to CSM (b)		890		980
Due to related parties	$	22,154	$	17,497
Deferred revenue - current (e)		4,253		6,020
Total liabilities	$	26,407	$	23,517


	For the year ended December 31,
Consolidated Statements of Income	2015		2014		2013
Revenues (c)	$	63,731	$	72,870	$	54,974
Voyage expenses		411		338		314
Vessel operating expenses		11,708		13,315		17,039
General and administrative expenses (d)		2,569		2,996		3,052

Charter Agreements


Vessel Name	Time Charter (TC) in years	Commencement of Charter	Termination or earliest expected redelivery	Gross (Net) Daily Hire Rate
M/T Agisilaos	1 TC	09/2013	09/2014	$14.3 ($14.1)
M/T Agisilaos	1 TC	09/2014	09/2015	$14.3 ($14.1)
M/T Agisilaos	1 TC	09/2015	08/2016	$14.5 ($14.3)
M/T Axios	1 TC	06/2013	07/2014	$14.8 ($14.6)
M/T Axios	1 TC	07/2014	06/2015	$14.8 ($14.6)
M/T Arionas	1 TC	11/2013	12/2014	$14.3 ($14.1)
M/T Arionas	1.2 TC	12/2014	01/2016	$15.0 ($14.8)
M/T Alkiviadis	1 TC	07/2013	09/2014	$14.3 ($14.1)
M/T Amore Mio II	1 TC	12/2013	04/2015	$17.0 ($16.8)
M/T Amore Mio II	1 to 1.2 TC	04/2015	09/2015	$27.0 ($26.7)
M/T Avax	1 TC	09/2014	06/2015	$14.8 ($14.6)
M/T Akeraios	1.5 TC	07/2013	03/2015	$15.0 ($14.8)
M/T Akeraios	2 TC	03/2015	02/2017	$15.6 ($15.4)
M/T Apostolos	1.2 to 1.5 TC	10/2013	04/2015	$14.9 ($14.7)
M/T Apostolos	2 TC	04/2015	01/2016	$15.6 ($15.4)
M/T Anemos I	1.2 to 1.5 TC	12/2013	06/2015	$14.9 ($14.7)
M/T Anemos I	1 TC	06/2015	01/2016	$17.3 ($17.0)
M/T Aristotelis	1.5 to 2 TC	12/2013	12/2015	$17.0 ($16.8)
M/T Aristotelis	1.1 to 1.3 TC	12/2015	01/2017	$19.0 ($18.8)
M/T Amoureux	1┼1 TC	10/2011	01/2014	$20.0┼$24.0 ($19.8┼$23.7)
M/T Amoureux	1 TC	01/2014	04/2015	$24.0 ($23.7)
M/T Aias	1┼1 TC	11/2011	12/2013	$20.0┼$24.0 ($19.8┼$23.7)
M/T Aias	1 TC	12/2013	02/2015	$24.0 ($23.7)
M/T Assos	1 TC	06/2014	04/2015	$14.8 ($14.6)
M/T Atrotos	1 TC	05/2014	05/2015	$14.8 ($14.6)
M/T Atrotos	1 TC	05/2015	12/2015	$15.3 ($15.1)
M/T Miltiadis M II	0.6 TC	09/2015	03/2016	$35.0 ($34.6)
M/T Active	2 TC	04/2015	06/2015	$17.0 ($16.8)
M/T Amadeus	2 TC	06/2015	05/2017	$17.0 ($16.8)

Fixed Assets (Tables)

12 Months Ended

Dec. 31, 2015

Property Plant And Equipment [Abstract]

Advances for vessels under construction - related party

<div style="margin-top:4.0px;text-indent:0.0px;"></div> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse; border: none"> <tr> <td valign="top" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:205px;"><div style="margin-top:4.0px;text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:186px;"><div style="text-align:right;margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Advances for vessels under construction - related party</b></font></div></td> </tr> <tr> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:205px;background-color:#cceeff"><div style="margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Balance as at January 1, 2014</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:186px;background-color:#cceeff"><div style="text-align:right;margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; ">—</font></div></td> </tr> <tr> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:205px;"><div style="margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Additions</font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:186px;"><div style="text-align:right;margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">66,641</font></div></td> </tr> <tr> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:205px;background-color:#cceeff"><div style="margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Balance as at December 31, 2014</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:186px;background-color:#cceeff"><div style="text-align:right;margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$66,641</b></font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:205px;"><div style="margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Additions</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:186px;"><div style="text-align:right;margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; ">—</font></div></td> </tr> <tr> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:205px;background-color:#cceeff"><div style="margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Transfer to vessels</font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:186px;background-color:#cceeff"><div style="text-align:right;margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">(48,469</font></div></td><td valign="bottom"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">)</font></td> </tr> <tr> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:205px;"><div style="margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Balance as at December 31, 2015</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:186px;"><div style="text-align:right;margin-top:4.0px;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$18,172</b></font></div></td> </tr> </table> <div></div>

Vessels, net

	Vessel Cost	Accumulated depreciation	Net book value
Balance as at January 1, 2014	$1,396,552	$(219,733)	$1,176,819
Acquisition and improvements	183	—	183
Depreciation for the period	—	(56,932	) (56,932)
Balance as at December 31, 2014	$1,396,735	$(276,665)	$1,120,070
Acquisitions and improvements	208,523	—	208,523
Transfer from Advances for vessels under construction - related party	48,469	—	48,469
Depreciation for the period	—	(61,577	) (61,577)
Balance as at December 31, 2015	$1,653,727	$(338,242)	$1,315,485

Above market acquired charters (Tables)

12 Months Ended

Dec. 31, 2015

Above market acquired charters [Abstract]

Above market acquired charters


Above market acquired charters	M/V Cape Agamemnon			M/T Assos			M/V Agamemnon			M/V Archimidis			M/V Hyundai Premium			M/V Hyundai Paramount			M/V Hyundai Prestige			M/V Hyundai Privilege			M/V Hyundai Platinum			Total
Carrying amount as at January 1, 2014	$	34,814		$	612		$	1,363		$	1,432		$	18,396		$	18,528		$	18,575		$	18,816		$	18,846		$	131,382
Amortization		(5,357	)		(612	)		(863	)		(796	)		(1,668	)		(1,670	)		(1,693	)		(1,672	)		(1,669	)		(16,000	)
Carrying amount as at December 31, 2014	$	29,457		$	-		$	500		$	636		$	16,728		$	16,858		$	16,882		$	17,144		$	17,177		$	115,382
Amortization		(5,357	)		—			(500	)		(636	)		(1,668	)		(1,669	)		(1,692	)		(1,673	)		(1,669	)		(14,864	)
Carrying amount as at December 31, 2015	$	24,100		$	—		$	—		$	—		$	15,060		$	15,189		$	15,190		$	15,471		$	15,508		$	100,518

Above market acquired charter future amortization expense


For the twelve month period ended December 31,	M/V Cape Agamemnon		M/V Hyundai Premium		M/V Hyundai Paramount		M/V Hyundai Prestige		M/V Hyundai Privilege		M/V Hyundai Platinum		Total
2016	$	5,372	$	1,668	$	1,670	$	1,697	$	1,676	$	1,674	$	13,757

2017		5,357		1,668		1,670		1,693		1,672		1,669		13,729

2018		5,357		1,668		1,670		1,693		1,672		1,669		13,729

2019		5,357		1,668		1,670		1,693		1,672		1,669		13,729

2020		2,657		1,668		1,670		1,697		1,676		1,674		11,042

Thereafter		—		6,720		6,839		6,717		7,103		7,153		34,532
Total	$	24,100	$	15,060	$	15,189	$	15,190	$	15,471	$	15,508	$	100,518

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2015

Long-Term Debt Covenants [Abstract]

Bank Loans


	Bank Loans	As of December 31, 2015		As of December 31, 2014		Margin
(i)	Issued in April, 2007 maturing in December, 2019 - $370,000 credit facility (the “2007 credit facility”)	$	185,975	$	250,850		3.00%
(ii)	Issued in March, 2008 maturing in December, 2019 - 2008 credit facility	$	181,641	$	233,065		3.00%
(iii)	Issued in June 2011 maturing in March 2018 - $25,000 credit facility (the “2011 credit facility”)	$	14,000	$	19,000		3.25%
(iv)	Issued in September 2013 maturing in December 2020 - 2013 credit facility	$	190,000	$	75,000		3.50%
	Total long-term debt	$	571,616	$	577,915
	Less: Deferred loan issuance costs		3,806		3,242
	Total long-term debt, net	$	567,810	$	574,673
	Less: Current portion of long-term debt		12,957		5,400
	Add: Current portion of deferred loan issuance costs		1,035		821
	Long-term debt, net	$	555,888	$	570,094

Required Annual Loan Payments


	2007 Credit Facility (i)		2008 Credit Facility (ii)		2011 Credit Facility (iii)		2013 Credit Facility (iv)		Total
2016	$	—	$	—	$	—	$	12,957	$	12,957
2017		12,975		9,205		1,000		12,957		36,137
2018		51,900		36,819		13,000		12,957		114,676
2019		121,100		135,617		—		12,957		269,674
2020		—		—		—		138,172		138,172
Total	$	185,975	$	181,641	$	14,000	$	190,000	$	571,616

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Financial Instruments [Abstract]

Schedule of Derivative Instruments Gain (Loss) in Statement Of Financial Performance


Derivatives designated in cash flow hedging relationships recognized in OCI (Effective Portion)	Change in Fair Value of Hedging instrument recognized in OCI (Effective Portion)							Location of Gain/(loss) Reclassified into consolidated statements of comprehensive /income (Effective Portion)	Amount of Loss Reclassified from OCI into consolidated statements of comprehensive income (Effective Portion)							Amount of Gain recorded in OCI (Effective Portion)						Location of Gain/(loss) Recognized in the consolidated statements of comprehensive /income (ineffective portion)	Amount of Gain/(Loss) recognized in the consolidated statements of comprehensive / income
	2015		2014		2013				2015		2014		2013			2015		2014		2013			2015		2014		2013

Interest rate swaps		-		-		(4	)	Interest expense and finance cost		-		-		(466	)		-		-		462			-		-		4

Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Accrued Liabilities [Abstract]

Accrued Liabilities


	As of December 31,
	2015		2014
Accrued loan interest and loan fees	$	1,226	$	189
Accrued operating expenses		4,520		2,696
Accrued voyage expenses and commissions		1,188		2,159
Accrued general and administrative expenses		938		592
Total	$	7,872	$	5,636

Voyage Expenses and Vessel Operating Expenses (Tables)

12 Months Ended

Dec. 31, 2015

Voyage Expenses and Vessel Operating Expenses [Abstract]

Voyage Expenses and Vessel Operating Expenses


	For the years ended December 31,
	2015		2014		2013
Voyage expenses:
Commissions	$	4,421	$	3,597		2,742
Bunkers		1,753		1,802		2,473
Port expenses		259		166		226
Other		457		680		649
Total	$	6,890	$	6,245		6,090

Vessel operating expenses:
Crew costs and related costs	$	31,788	$	28,945		21,154
Insurance expense		5,004		4,502		3,780
Spares, repairs, maintenance and other expenses		11,521		6,710		6,545
Stores and lubricants		7,790		6,535		5,022
Management fees (Note 4)		11,219		12,475		16,395
Vetting, insurances, spares and repairs (Note 4)		489		840		644
Other operating expenses		2,522		2,022		1,783
Total	$	70,333	$	62,029		55,323

Partners' Capital (Tables)

12 Months Ended

Dec. 31, 2015

Partnership Units

<div style="text-indent:0.0px;"></div> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse; border: none"> <tr> <td valign="middle" style=" border:solid #000000 0.0px;width:316px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:84px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:9px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" colspan="2" style=" border:solid #000000 0.0px;width:97px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:316px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:93px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "><b>As of December 31,<br/>2015</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="3" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:106px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "><b>As of December 31,<br/>2014</b></font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:316px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Common units</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:84px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">120,409,456</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border:solid #000000 0.0px;width:11px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:95px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">104,079,960</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:316px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">General partner units</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:84px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">2,439,989</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border:solid #000000 0.0px;width:11px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:95px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">2,124,081</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:316px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Preferred units</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:84px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">12,983,333</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:11px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:95px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">14,223,737</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:316px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Total partnership units</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:84px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>135,832,778</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:11px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:95px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>120,427,778</b></font></div></td> </tr> <tr> <td style="width:316px;"></td> <td style="width:29px;"></td> <td style="width:8px;"></td> <td style="width:84px;"></td> <td style="width:16px;"></td> <td style="width:29px;"></td> <td style="width:9px;"></td> <td style="width:1px;"></td> <td style="width:95px;"></td> </tr> </table> <div></div>

Prior To Fourth Amendment

Schedule of Incentive Distributions


		Marginal Percentage Interest in Distributions
	Total Quarterly Distribution Target Amount per Unit	Unitholders			General Partner
Minimum Quarterly Distribution	$0.3750		98	%		2	%
First Target Distribution	up to $0.4313		98	%		2	%
Second Target Distribution	above $0.4313 up to $0.4688		85	%		15	%
Third Target Distribution	above $0.4688 up to $0.5625		75	%		25	%
Thereafter	above $0.5625		50	%		50	%

After Fourth Amendment

Schedule of Incentive Distributions


		Marginal Percentage Interest in Distributions
	Total Quarterly Distribution Target Amount per Unit	Unitholders			General Partner
Minimum Quarterly Distribution	$0.2325		98	%		2	%
First Target Distribution	up to $0.2425		98	%		2	%
Second Target Distribution	above $0.2425 up to $0.2675		85	%		15	%
Third Target Distribution	above $0.2675 up to $0.2925		75	%		25	%
Thereafter	above $0.2925		65	%		35	%

Omnibus Incentive Compensation Plan (Tables)

12 Months Ended

Dec. 31, 2015

Omnibus Incentive Compensation Plan [Abstract]

Omnibus Incentive Compensation Plan


	Employee equity compensation				Non-Employee equity compensation
Unvested Units	Units		Grant-date fair value		Units		Award-date fair value
Unvested on January 1, 2015		—	$	—		—	$	—
Granted		240,000		1,325		610,000		3,367
Unvested on December 31, 2015		240,000	$	1,325		610,000	$	3,367

Net Income Per Unit (Tables)	12 Months Ended
Net Income Per Unit (Tables)	Dec. 31, 2015
Net Income Per Unit [Abstract]
Net Income Per Unit Basic and Diluted	<div style="text-indent:0.0px;"></div> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse; border: none"> <tr> <td valign="middle" style=" border:solid #000000 0.0px;width:381px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:381px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border:solid #000000 0.0px;width:86px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border:solid #000000 0.0px;width:86px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border:solid #000000 0.0px;width:86px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>BASIC</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:86px;"><div style="text-align:center;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>2015</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:86px;"><div style="text-align:center;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>2014</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:86px;"><div style="text-align:center;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>2013</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Numerators</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border:solid #000000 0.0px;width:86px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border:solid #000000 0.0px;width:86px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border:solid #000000 0.0px;width:86px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Partnership's net income</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>55,410</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>44,012</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>99,481</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Less:</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Preferred unit holders' interest in Partnership's net income</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">11,334</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">14,042</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">18,805</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">General Partner's interest in Partnership's net income</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">879</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">593</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">1,598</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Partnership's net income allocable to unvested units</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">8</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>—</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">678</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Common unit holders' interest in Partnership's net income</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>43,189</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>29,377</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>78,400</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Denominators</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Weighted average number of common units outstanding, basic</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">115,030,879</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">93,353,168</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">75,645,207</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:381px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Net income per common unit:</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:27px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:381px;"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Basic</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>0.38</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>0.31</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:27px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>1.04</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> </table> <div><font style="font-family:Times New Roman;font-size:16.0px;color:#000000; "> </font></div> <div style="text-indent:0.0px;"></div> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse; border: none"> <tr> <td valign="middle" style=" border:solid #000000 0.0px;width:381px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>DILUTED</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:86px;"><div style="text-align:center;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>2015</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:86px;"><div style="text-align:center;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>2014</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:86px;"><div style="text-align:center;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>2013</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Numerators</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 0.0px;width:86px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border:solid #000000 0.0px;width:86px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border:solid #000000 0.0px;width:86px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Partnership's net income</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>55,410</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>44,012</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>99,481</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Less:</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Preferred unit holders' interest in Partnership's net income</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">11,334</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">14,042</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">18,805</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">General Partner's interest in Partnership's net income</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">879</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">593</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">1,574</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Partnership's net income allocable to unvested units</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">8</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>—</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">678</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Add:</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Preferred unit holders' interest in Partnership's net income</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>—</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>—</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">18,805</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Partnership's net income allocable to unvested units</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>—</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>—</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">678</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>43,189</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>29,377</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>97,907</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Denominators</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Weighted average number of common units outstanding, basic</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">115,030,879</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">93,353,168</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">75,645,207</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Dilutive effect of preferred units</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>—</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>—</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">21,069,664</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Dilutive effect of unvested shares</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>—</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>—</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">654,265</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:381px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Weighted average number of common units outstanding, diluted</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">115,030,879</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">93,353,168</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:27px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">97,369,136</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:381px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Net income per common unit:</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:29px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:27px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:381px;"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Diluted</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>0.38</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:29px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>0.31</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:27px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:8px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:77px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>1.01</b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> </table> <div align="justify"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div> <div style="text-align:justify;margin-top:9.0px;text-indent:0.0px;"></div>

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies [Abstract]

Future minimum rental receipts


Year ended December 31,	Amount
2016	$	213,385
2017		165,329
2018		123,761
2019		97,619
2020		75,599
Thereafter		221,123
Total	$	896,816

Basis of Presentation and General Information (Table) (Details)	12 Months Ended
	Dec. 31, 2015
M/T Atlantas (M/T British Ensign)
Property Plant And Equipment [Line Items]
DWT	36,760
Date of Incorporation	Sep. 16, 2003
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	04/26/2006
M/T Assos
Property Plant And Equipment [Line Items]
DWT	47,872
Date of Incorporation	Mar. 18, 2004
Date acquired by the Partnership	08/16/2010 04/04/2007
Date acquired by CMTC	05/17/2006
M/T Aktoras (M/T British Envoy)
Property Plant And Equipment [Line Items]
DWT	36,759
Date of Incorporation	Aug. 27, 2003
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	07/12/2006
M/T Agisilaos
Property Plant And Equipment [Line Items]
DWT	36,760
Date of Incorporation	Oct. 10, 2003
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	08/16/2006
M/T Arionas
Property Plant And Equipment [Line Items]
DWT	36,725
Date of Incorporation	Nov. 10, 2003
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	11/02/2006
M/T Avax
Property Plant And Equipment [Line Items]
DWT	47,834
Date of Incorporation	Feb. 10, 2004
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	01/12/2007
M/T Aiolos (M/T British Emissary)
Property Plant And Equipment [Line Items]
DWT	36,725
Date of Incorporation	Sep. 12, 2003
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	03/02/2007
M/T Axios
Property Plant And Equipment [Line Items]
DWT	47,872
Date of Incorporation	Feb. 10, 2004
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	02/28/2007
M/T Atrotos
Property Plant And Equipment [Line Items]
DWT	47,786
Date of Incorporation	Feb. 11, 2004
Date acquired by the Partnership	03/01/2010 05/08/2007
Date acquired by CMTC	05/08/2007
M/T Akeraios
Property Plant And Equipment [Line Items]
DWT	47,781
Date of Incorporation	Feb. 03, 2004
Date acquired by the Partnership	07/13/2007
Date acquired by CMTC	07/13/2007
M/T Apostolos
Property Plant And Equipment [Line Items]
DWT	47,782
Date of Incorporation	May 26, 2004
Date acquired by the Partnership	09/20/2007
Date acquired by CMTC	09/20/2007
M/T Anemos I
Property Plant And Equipment [Line Items]
DWT	47,782
Date of Incorporation	Jul. 08, 2004
Date acquired by the Partnership	09/28/2007
Date acquired by CMTC	09/28/2007
M/T Attikos
Property Plant And Equipment [Line Items]
DWT	12,000
Date of Incorporation	Dec. 29, 2003
Date acquired by the Partnership	09/24/2007
Date acquired by CMTC	01/20/2005
M/T Alexandros II (M/T Overseas Serifos)
Property Plant And Equipment [Line Items]
DWT	51,258
Date of Incorporation	Feb. 07, 2006
Date acquired by the Partnership	01/29/2008
Date acquired by CMTC	01/29/2008
M/T Amore Mio II
Property Plant And Equipment [Line Items]
DWT	159,982
Date of Incorporation	May 29, 2007
Date acquired by the Partnership	03/27/2008
Date acquired by CMTC	07/31/2007
M/T Aristofanis
Property Plant And Equipment [Line Items]
DWT	12,000
Date of Incorporation	Feb. 03, 2004
Date acquired by the Partnership	04/30/2008
Date acquired by CMTC	06/02/2005
M/T Aristotelis II (M/T Overseas Sifnos)
Property Plant And Equipment [Line Items]
DWT	51,226
Date of Incorporation	Feb. 07, 2006
Date acquired by the Partnership	06/17/2008
Date acquired by CMTC	06/17/2008
M/T Aris II (M/T Overseas Kimolos)
Property Plant And Equipment [Line Items]
DWT	51,218
Date of Incorporation	Jan. 24, 2006
Date acquired by the Partnership	08/20/2008
Date acquired by CMTC	08/20/2008
M/T Agamemnon II
Property Plant And Equipment [Line Items]
DWT	51,238
Date of Incorporation	Jul. 14, 2006
Date acquired by the Partnership	04/07/2009
Date acquired by CMTC	11/24/2008
M/T Ayrton II
Property Plant And Equipment [Line Items]
DWT	51,260
Date of Incorporation	Jul. 14, 2006
Date acquired by the Partnership	04/13/2009
Date acquired by CMTC	04/10/2009
M/T Alkiviadis
Property Plant And Equipment [Line Items]
DWT	36,721
Date of Incorporation	Jun. 22, 2004
Date acquired by the Partnership	06/30/2010
Date acquired by CMTC	03/29/2006
M/V Cape Agamemnon
Property Plant And Equipment [Line Items]
DWT	179,221
Date of Incorporation	Jun. 17, 2008
Date acquired by the Partnership	06/09/2011
Date acquired by CMTC	01/25/2011
M/T Miltiadis M II
Property Plant And Equipment [Line Items]
DWT	162,397
Date of Incorporation	Apr. 06, 2006
Date acquired by the Partnership	09/30/2011
Date acquired by CMTC	04/26/2006
M/T Amoureux
Property Plant And Equipment [Line Items]
DWT	149,993
Date of Incorporation	Apr. 14, 2010
Date acquired by the Partnership	09/30/2011
M/T Aias
Property Plant And Equipment [Line Items]
DWT	150,393
Date of Incorporation	Apr. 14, 2010
Date acquired by the Partnership	09/30/2011
M/V Agamemnon
Property Plant And Equipment [Line Items]
DWT	108,892
Date of Incorporation	Apr. 19, 2012
Date acquired by the Partnership	12/22/2012
Date acquired by CMTC	06/28/2012
M/V Archimidis
Property Plant And Equipment [Line Items]
DWT	108,892
Date of Incorporation	Apr. 19, 2012
Date acquired by the Partnership	12/22/2012
Date acquired by CMTC	06/22/2012
M/T Aristotelis
Property Plant And Equipment [Line Items]
DWT	51,604
Date of Incorporation	Oct. 16, 2013
Date acquired by the Partnership	11/28/2013
M/V Hyundai Prestige
Property Plant And Equipment [Line Items]
DWT	63,010
Date of Incorporation	Apr. 08, 2011
Date acquired by the Partnership	09/11/2013
Date acquired by CMTC	02/19/2013
M/V Hyundai Premium
Property Plant And Equipment [Line Items]
DWT	63,010
Date of Incorporation	Apr. 08, 2011
Date acquired by the Partnership	03/20/2013
Date acquired by CMTC	03/11/2013
M/V Hyundai Paramount
Property Plant And Equipment [Line Items]
DWT	63,010
Date of Incorporation	Apr. 08, 2011
Date acquired by the Partnership	03/27/2013
Date acquired by CMTC	03/27/2013
M/V Hyundai Privilege
Property Plant And Equipment [Line Items]
DWT	63,010
Date of Incorporation	Apr. 08, 2011
Date acquired by the Partnership	09/11/2013
Date acquired by CMTC	05/31/2013
M/V Hyundai Platinum
Property Plant And Equipment [Line Items]
DWT	63,010
Date of Incorporation	Jul. 19, 2011
Date acquired by the Partnership	09/11/2013
Date acquired by CMTC	06/14/2013
M/V Akadimos (CMA CGM Amazon)
Property Plant And Equipment [Line Items]
DWT	115,145
Date of Incorporation	May 16, 2013
Date acquired by the Partnership	06/10/2015
Date acquired by CMTC	06/10/2015
M/V Adonis (CMA CGM Uruguay)
Property Plant And Equipment [Line Items]
DWT	115,639
Date of Incorporation	May 16, 2013
Date acquired by the Partnership	09/18/2015
Date acquired by CMTC	09/18/2015
M/T Active
Property Plant And Equipment [Line Items]
DWT	50,136
Date of Incorporation	May 31, 2013
Date acquired by the Partnership	03/31/2015
Date acquired by CMTC	03/31/2015
M/T Amadeus
Property Plant And Equipment [Line Items]
DWT	50,108
Date of Incorporation	May 31, 2013
Date acquired by the Partnership	06/30/2015
Date acquired by CMTC	06/30/2015

Basis of Presentation and General Information - Supplementary (Table) (Details)	12 Months Ended
	Dec. 31, 2015
Capital Product Operating GP LLC
Subsidiary Of Limited Liability Company Or Limited Partnership
Date of Incorporation	Jan. 16, 2007
Crude Carriers Corp.
Subsidiary Of Limited Liability Company Or Limited Partnership
Date of Incorporation	Oct. 29, 2009
Date acquired by the Partnership	09/30/2011
Crude Carriers Operating Corp.
Subsidiary Of Limited Liability Company Or Limited Partnership
Date of Incorporation	Jan. 21, 2010
Date acquired by the Partnership	09/30/2011
Miltiadis M II Corp.
Subsidiary Of Limited Liability Company Or Limited Partnership
Date of Incorporation	Aug. 28, 2012

Basis of Presentation and General Information - Additional Information (Details)	Dec. 31, 2015
Property Plant And Equipment
Number of vessels	34
Suezmax Crude Oil Tankers
Property Plant And Equipment
Number of vessels	4
Medium Range Tankers
Property Plant And Equipment
Number of vessels	20
Post Panamax Container Carrier Vessels
Property Plant And Equipment
Number of vessels	9
Capesize Bulk Carrier
Property Plant And Equipment
Number of vessels	1

Significant Accounting Policies (Details) $ in Thousands	12 Months Ended
Significant Accounting Policies (Details) $ in Thousands	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013
Significant Accounting Policies [Abstract]
Write off of doubtful accounts	$ 22	$ 70
Scrap value per light weight ton (LWT)	$0.2
Vessels useful life	25 years
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Deferred charges, net	$ 3,242
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Long-Term Debt, net	2,421
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Current Portion of Long-Term Debt, net	$ 821
Minimum
Interval between vessel drydocking	30
Maximum
Interval between vessel drydocking	60
CMTC
Concentration of Credit Risk [Line Items]
Major customer percentage	29.00%	38.00%	32.00%
Hyundai Merchant Marine Co Ltd ("HMM")
Concentration of Credit Risk [Line Items]
Major customer percentage	21.00%	24.00%	13.00%
A.P. Moler-Maersk A.S. ("Maersk")
Concentration of Credit Risk [Line Items]
Major customer percentage		12.00%	14.00%
British Petroleum Shipping Limited ("BP")
Concentration of Credit Risk [Line Items]
Major customer percentage			17.00%

Acquisition of Anax Container Carrier S.A. (M/V Hyundai Prestige) - Purchase Price Allocation (Table) (Details) - USD ($) $ in Thousands	8 Months Ended	12 Months Ended
	Sep. 11, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Gain from bargain purchase		$ 0	$ 0	$ 42,256
Anax Container Carrier S.A.
Business Acquisition [Line Items]
Vessel	$ 54,000
Above market acquired time charter	19,094
Identifiable assets	73,094
Purchase price	(65,000)
Gain from bargain purchase	$ 8,094

Acquisition of Anax Container Carrier S.A. (M/V Hyundai Prestige) - Pro Forma Financial Information (Table) (Details) - Anax Container Carrier S.A. $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($) $ / shares
Business Acquisition [Line Items]
Total revenues	$ 176,535
Partnership's net income	100,624
Preferred unit holders' interest in Partnership's net income	18,805
General Partner's interest in Partnership's net income	1,621
Common unit holders interest in Partnership's net income	$ 80,198
Net income per common unit basic \| $ / shares	$ 1.05
Net income per common unit diluted \| $ / shares	$ 1.02

Acquisition of Anax Container Carrier S.A. (M/V Hyundai Prestige) - Additional Information (Details) - USD ($) $ in Thousands	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 11, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 30, 2015	Sep. 30, 2014	Aug. 31, 2013
Business Acquisition [Line Items]
Equity offering						14,555,000	17,250,000	13,685,000
Charter Revenues			$ 156,613	$ 119,907	$ 116,520
Anax Container Carrier S.A.
Business Acquisition [Line Items]
Duration of above market acquired time charter		11 years 3 months 12 days
WACC used for calculation of above market acquired time charter			11.00%
Charter Revenues	$ 2,778
Net income	$ 1,298
2013 Credit Facility
Business Acquisition [Line Items]
Line of credit facility amount drawn down		$ 75,000

Acquisition of Thiseas Container Carrier S.A. (M/V Hyundai Privilege) - Purchase Price Allocation (Table) (Details) - USD ($) $ in Thousands	8 Months Ended	12 Months Ended
	Sep. 11, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Gain from bargain purchase		$ 0	$ 0	$ 42,256
Thiseas Container Carrier S.A.
Business Acquisition [Line Items]
Vessel	$ 54,000
Above market acquired time charter	19,329
Identifiable assets	73,329
Purchase price	(65,000)
Gain from bargain purchase	$ 8,329

Acquisition of Thiseas Container Carrier S.A. (M/V Hyundai Privilege) - Pro Forma Financial Information (Table) (Details) - Thiseas Container Carrier S.A. $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($) $ / shares
Business Acquisition [Line Items]
Total revenues	$ 174,045
Partnership's net income	100,144
Preferred unit holders' interest in Partnership's net income	18,805
General Partner's interest in Partnership's net income	1,611
Common unit holders interest in Partnership's net income	$ 79,728
Net income per common unit basic \| $ / shares	$ 1.04
Net income per common unit diluted \| $ / shares	$ 1.01

Acquisition of Thiseas Container Carrier S.A. (M/V Hyundai Privilege) - Additional Information (Details) - USD ($) $ in Thousands	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 11, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 30, 2015	Sep. 30, 2014	Aug. 31, 2013
Business Acquisition [Line Items]
Equity offering						14,555,000	17,250,000	13,685,000
Charter Revenues			$ 156,613	$ 119,907	$ 116,520
Thiseas Container Carrier S.A.
Business Acquisition [Line Items]
Duration of above market acquired time charter		11 years 6 months 25 days
WACC used for calculation of above market acquired time charter			11.00%
Charter Revenues	$ 2,785
Net income	$ 1,392
2013 Credit Facility
Business Acquisition [Line Items]
Line of credit facility amount drawn down		$ 75,000

Acquisition of Cronus Container Carrier S.A. (M/V Hyundai Platinum) - Purchase Price Allocation (Table) (Details) - USD ($) $ in Thousands	8 Months Ended	12 Months Ended
	Sep. 11, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Gain from bargain purchase		$ 0	$ 0	$ 42,256
Cronus Container Carrier S.A.
Business Acquisition [Line Items]
Vessel	$ 54,000
Above market acquired time charter	19,358
Identifiable assets	73,358
Purchase price	(65,000)
Gain from bargain purchase	$ 8,358

Acquisition of Cronus Container Carrier S.A. (M/V Hyundai Platinum) - Pro Forma Financial Information (Table) (Details) - Cronus Container Carrier S.A. $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($) $ / shares
Business Acquisition [Line Items]
Total revenues	$ 173,699
Partnership's net income	100,031
Preferred unit holders' interest in Partnership's net income	18,805
General Partner's interest in Partnership's net income	1,609
Common unit holders interest in Partnership's net income	$ 79,617
Net income per common unit basic \| $ / shares	$ 1.04
Net income per common unit diluted \| $ / shares	$ 1.01

Acquisition of Cronus Container Carrier S.A. (M/V Hyundai Platinum) - Additional Information (Details) - USD ($) $ in Thousands	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 11, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 30, 2015	Sep. 30, 2014	Aug. 31, 2013
Business Acquisition [Line Items]
Equity offering						14,555,000	17,250,000	13,685,000
Charter Revenues			$ 156,613	$ 119,907	$ 116,520
Cronus Container Carrier S.A.
Business Acquisition [Line Items]
Duration of above market acquired time charter		11 years 7 months 8 days
WACC used for calculation of above market acquired time charter			11.00%
Charter Revenues	$ 2,786
Net income	$ 1,357
2013 Credit Facility
Business Acquisition [Line Items]
Line of credit facility amount drawn down		$ 75,000

Acquisition of Hercules Container Carrier S.A. (M/V Hyundai Premium) - Purchase Price Allocation (Table) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 20, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Gain from bargain purchase		$ 0	$ 0	$ 42,256
Hercules Container Carrier S.A.
Business Acquisition [Line Items]
Vessel	$ 54,000
Above market acquired time charter	19,707
Identifiable assets	73,707
Purchase price	(65,000)
Gain from bargain purchase	$ 8,707

Acquisition of Hercules Container Carrier S.A. (M/V Hyundai Premium) - Pro Forma Financial Information (Table) (Details) - Hercules Container Carrier S.A. $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($) $ / shares
Business Acquisition [Line Items]
Total revenues	$ 171,717
Partnership's net income	99,571
Preferred unit holders' interest in Partnership's net income	18,805
General Partner's interest in Partnership's net income	1,600
Common unit holders interest in Partnership's net income	$ 79,166
Net income per common unit basic \| $ / shares	$ 1.04
Net income per common unit diluted \| $ / shares	$ 1.01

Acquisition of Hercules Container Carrier S.A. (M/V Hyundai Premium) - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended	12 Months Ended
	Mar. 26, 2013	Mar. 20, 2013	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Class B convertible preferred unit issued	9,100,000
Business acquisition financing				$ 207,937	$ 103	$ 363,038
Charter Revenues				$ 156,613	$ 119,907	116,520
Hercules Container Carrier S.A.
Business Acquisition [Line Items]
Duration of above market acquired time charter		11 years 9 months 11 days
WACC used for calculation of above market acquired time charter				11.00%
Charter Revenues			$ 7,181
Net income			3,567
2008 Credit Facility
Business Acquisition [Line Items]
Line of credit facility, maximum borrowing capacity			$ 350,000			$ 350,000
2008 Credit Facility \| Hercules Container Carrier S.A.
Business Acquisition [Line Items]
Business acquisition financing		$ 27,000
Cash \| Hercules Container Carrier S.A.
Business Acquisition [Line Items]
Cash consideration for acquisition of vessel		1,721
Part of net procceds used from the issuance of Partnership's Class B Convertible Preferred Units \| Hercules Container Carrier S.A.
Business Acquisition [Line Items]
Business acquisition financing		$ 36,279

Acquisition of Iason Container Carrier S.A. (M/V Hyundai Paramount) - Purchase Price Allocation (Table) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 27, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Gain from bargain purchase		$ 0	$ 0	$ 42,256
Iason Container Carrier S.A.
Business Acquisition [Line Items]
Vessel	$ 54,000
Above market acquired time charter	19,768
Identifiable assets	73,768
Purchase price	(65,000)
Gain from bargain purchase	$ 8,768

Acquisition of Iason Container Carrier S.A. (M/V Hyundai Paramount) - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 27, 2013	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Business acquisition financing			$ 207,937	$ 103	$ 363,038
Charter Revenues			$ 156,613	$ 119,907	$ 116,520
Iason Container Carrier S.A.
Business Acquisition [Line Items]
Duration of above market acquired time charter	11 years 9 months 4 days
WACC used for calculation of above market acquired time charter			11.00%
Charter Revenues		$ 6,732
Net income		$ 3,220
2008 Credit Facility \| Iason Container Carrier S.A.
Business Acquisition [Line Items]
Business acquisition financing	$ 27,000
Cash \| Iason Container Carrier S.A.
Business Acquisition [Line Items]
Cash consideration for acquisition of vessel	1,722
Part of net procceds used from the issuance of Partnership's Class B Convertible Preferred Units \| Iason Container Carrier S.A.
Business Acquisition [Line Items]
Business acquisition financing	$ 36,278

Transactions with Related Parties - Consolidated Balance Sheets (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets:
Due from related parties	$ 0	$ 55
Advances for vessels under construction	18,172	66,641
Total assets	18,172	66,696
Liabilities:
Due to related parties	22,154	17,497
Deferred revenue - current (e)	10,867	11,684
Hire receivable (c)
Assets:
Due from related parties	0	55
Advances for vessels under construction - related party (f)
Assets:
Advances for vessels under construction	18,172	66,641
Manager - payments on behalf of the Partnership (a)
Liabilities:
Due to related parties	21,264	16,517
Management fee payable to CSM (b)
Liabilities:
Due to related parties	890	980
Capital Maritime And Trading Corp.
Liabilities:
Deferred revenue - current (e)	4,253	6,020
Total liabilities	$ 26,407	$ 23,517

Transactions with Related Parties - Consolidated Statements of Income (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction
Revenues (c)	$ 63,731	$ 72,870	$ 54,974
Voyage expenses	411	338	314
Vessel operating expenses	11,708	13,315	17,039
General and administrative expenses (d)	6,608	6,316	9,477
Capital Maritime And Trading Corp.
Related Party Transaction
Revenues (c)	63,731	72,870	54,974
Voyage expenses	411	338	314
Vessel operating expenses	11,708	13,315	17,039
General and administrative expenses (d)	$ 2,569	$ 2,996	$ 3,052

Transactions with Related Parties - Charter Revenues (Table) (Details)	12 Months Ended
	Dec. 31, 2015
M/T Agisilaos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	09/2013
Termination or earliest expected redelivery	09/2014
Gross Daily Hire Rate	$14.3
Net Daily Hire Rate	$14.1
M/T Agisilaos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	09/2014
Termination or earliest expected redelivery	09/2015
Gross Daily Hire Rate	$14.3
Net Daily Hire Rate	$14.1
M/T Agisilaos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	09/2015
Termination or earliest expected redelivery	08/2016
Gross Daily Hire Rate	$14.5
Net Daily Hire Rate	$14.3
M/T Axios
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	06/2013
Termination or earliest expected redelivery	07/2014
Gross Daily Hire Rate	$14.8
Net Daily Hire Rate	$14.6
M/T Axios
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	07/2014
Termination or earliest expected redelivery	06/2015
Gross Daily Hire Rate	$14.8
Net Daily Hire Rate	$14.6
M/T Arionas
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	11/2013
Termination or earliest expected redelivery	12/2014
Gross Daily Hire Rate	$14.3
Net Daily Hire Rate	$14.1
M/T Arionas
Related Party Transaction
Time Charter (TC) in years	1.2 TC
Commencement of Charter	12/2014
Termination or earliest expected redelivery	01/2016
Gross Daily Hire Rate	$15.0
Net Daily Hire Rate	$14.8
M/T Alkiviadis
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	07/2013
Termination or earliest expected redelivery	09/2014
Gross Daily Hire Rate	$14.3
Net Daily Hire Rate	$14.1
M/T Amore Mio II
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	12/2013
Termination or earliest expected redelivery	04/2015
Gross Daily Hire Rate	$17.0
Net Daily Hire Rate	$16.8
M/T Amore Mio II
Related Party Transaction
Time Charter (TC) in years	1 to 1.2 TC
Commencement of Charter	04/2015
Termination or earliest expected redelivery	09/2015
Gross Daily Hire Rate	$27.0
Net Daily Hire Rate	$26.7
M/T Avax
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	09/2014
Termination or earliest expected redelivery	06/2015
Gross Daily Hire Rate	$14.8
Net Daily Hire Rate	$14.6
M/T Akeraios
Related Party Transaction
Time Charter (TC) in years	1.5 TC
Commencement of Charter	07/2013
Termination or earliest expected redelivery	03/2015
Gross Daily Hire Rate	$15.0
Net Daily Hire Rate	$14.8
M/T Akeraios
Related Party Transaction
Time Charter (TC) in years	2 TC
Commencement of Charter	03/2015
Termination or earliest expected redelivery	02/2017
Gross Daily Hire Rate	$15.6
Net Daily Hire Rate	$15.4
M/T Apostolos
Related Party Transaction
Time Charter (TC) in years	1.2 to 1.5 TC
Commencement of Charter	10/2013
Termination or earliest expected redelivery	04/2015
Gross Daily Hire Rate	$14.9
Net Daily Hire Rate	$14.7
M/T Apostolos
Related Party Transaction
Time Charter (TC) in years	2 TC
Commencement of Charter	04/2015
Termination or earliest expected redelivery	01/2016
Gross Daily Hire Rate	$15.6
Net Daily Hire Rate	$15.4
M/T Anemos I
Related Party Transaction
Time Charter (TC) in years	1.2 to 1.5 TC
Commencement of Charter	12/2013
Termination or earliest expected redelivery	06/2015
Gross Daily Hire Rate	$14.9
Net Daily Hire Rate	$14.7
M/T Anemos I
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	06/2015
Termination or earliest expected redelivery	01/2016
Gross Daily Hire Rate	$17.3
Net Daily Hire Rate	$17.0
M/T Aristotelis
Related Party Transaction
Time Charter (TC) in years	1.5 to 2.0 TC
Commencement of Charter	12/2013
Termination or earliest expected redelivery	12/2015
Gross Daily Hire Rate	$17.0
Net Daily Hire Rate	$16.8
M/T Aristotelis
Related Party Transaction
Time Charter (TC) in years	1.1 to 1.3 TC
Commencement of Charter	12/2015
Termination or earliest expected redelivery	01/2017
Gross Daily Hire Rate	$19.0
Net Daily Hire Rate	$18.8
M/T Amoureux
Related Party Transaction
Time Charter (TC) in years	1+1 TC
Commencement of Charter	10/2011
Termination or earliest expected redelivery	01/2014
Gross Daily Hire Rate	$20.0+$24.0
Net Daily Hire Rate	$19.8+$23.7
M/T Amoureux
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	01/2014
Termination or earliest expected redelivery	04/2015
Gross Daily Hire Rate	$24.0
Net Daily Hire Rate	$23.7
M/T Aias
Related Party Transaction
Time Charter (TC) in years	1+1 TC
Commencement of Charter	11/2011
Termination or earliest expected redelivery	12/2013
Gross Daily Hire Rate	$20.0+$24.0
Net Daily Hire Rate	$19.8+$23.7
M/T Aias
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	12/2013
Termination or earliest expected redelivery	02/2015
Gross Daily Hire Rate	$24.0
Net Daily Hire Rate	$23.7
M/T Assos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	06/2014
Termination or earliest expected redelivery	04/2015
Gross Daily Hire Rate	$14.8
Net Daily Hire Rate	$14.6
M/T Atrotos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	05/2014
Termination or earliest expected redelivery	05/2015
Gross Daily Hire Rate	$14.8
Net Daily Hire Rate	$14.6
M/T Atrotos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	05/2015
Termination or earliest expected redelivery	12/2015
Gross Daily Hire Rate	$15.3
Net Daily Hire Rate	$15.1
M/T Miltiadis M II
Related Party Transaction
Time Charter (TC) in years	0.6 TC
Commencement of Charter	09/2015
Termination or earliest expected redelivery	03/2016
Gross Daily Hire Rate	$35.0
Net Daily Hire Rate	$34.6
M/T Active
Related Party Transaction
Time Charter (TC) in years	2 TC
Commencement of Charter	04/2015
Termination or earliest expected redelivery	06/2015
Gross Daily Hire Rate	$17.0
Net Daily Hire Rate	$16.8
M/T Amadeus
Related Party Transaction
Time Charter (TC) in years	2 TC
Commencement of Charter	06/2015
Termination or earliest expected redelivery	05/2017
Gross Daily Hire Rate	$17.0
Net Daily Hire Rate	$16.8

Transactions with Related Parties - Additional Information (Details) $ in Thousands	5 Months Ended	8 Months Ended	12 Months Ended
	Jun. 09, 2011	Aug. 31, 2014 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Mar. 31, 2015 USD ($)	Sep. 10, 2014 USD ($)	Jul. 24, 2014	Dec. 22, 2012	Sep. 30, 2011
Related Party Transaction
Number of vessels			34
Advances for vessels under construction - related party			$ 18,172	$ 66,641
Excess between the fair value of the contracted vessels and the contractual cash consideration			$ 0	36,417	$ 0
Capital Ship Management Corp.
Related Party Transaction
Sales and purchase fee			1.00%
Commercial service fee			1.25%
Additional fees related to unforeseen events			$ 489	$ 840	644
Capital Ship Management Corp. \| Floating fee management agreement
Related Party Transaction
Management agreement initial term, per managed vessel	5
Capital Ship Management Corp. \| Crude Carriers Corp. ("Crude") management agreement
Related Party Transaction
Number of vessels										5
Capital Product Partners L.P. Adjusted Fee Payable
Related Party Transaction
Management agreement termination fees						$ 9,760
M/T Aristofanis - Claim Proceeds
Related Party Transaction
Additional fees related to unforeseen events					$ 330
Master Agreement
Related Party Transaction
Number of vessels			5					5
Advances for vessels under construction - related party			$ 7,921				$ 30,224
Excess between the fair value of the contracted vessels and the contractual cash consideration		$ 36,417	$ 10,251
Remaining vessels \| Capital Ship Management Corp. \| Crude Carriers Corp. ("Crude") management agreement
Related Party Transaction
Number of vessels									3
Remaining new building vessels \| Master Agreement
Related Party Transaction
Number of vessels			1

Fixed assets - Advances for vessels under construction - related party (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property Plant And Equipment [Line Items]
Balance as at beginning of period,	$ 66,641
Balance as at end of period,	18,172	$ 66,641
Related party
Property Plant And Equipment [Line Items]
Balance as at beginning of period,	66,641	0
Additions		66,641
Transfer to vessels	(48,469)
Balance as at end of period,	$ 18,172	$ 66,641

Fixed assets - Vessels, net (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property Plant And Equipment
Balance as at beginning of period	$ 1,120,070
Balance as at end of period	1,315,485	$ 1,120,070
Vessel Cost
Property Plant And Equipment
Balance as at beginning of period	1,396,735	1,396,552
Acquisition and improvements	208,523	183
Transfer from Advances for vessels under construction - related party	48,469
Balance as at end of period	1,653,727	1,396,735
Accumulated depreciation
Property Plant And Equipment
Balance as at beginning of period	(276,665)	(219,733)
Depreciation for the period	(61,577)	(56,932)
Balance as at end of period	(338,242)	(276,665)
Net book value
Property Plant And Equipment
Balance as at beginning of period	1,120,070	1,176,819
Acquisition and improvements	208,523	183
Transfer from Advances for vessels under construction - related party	48,469
Depreciation for the period	(61,577)	(56,932)
Balance as at end of period	$ 1,315,485	$ 1,120,070

Fixed assets - Additional Information (Details) $ in Thousands	7 Months Ended	8 Months Ended	12 Months Ended
	Jul. 24, 2014 USD ($)	Aug. 31, 2014 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Sep. 30, 2015	Sep. 10, 2014 USD ($)
Property Plant And Equipment
Number of vessels			34
Advances for vessels under construction - related party			$ 18,172	$ 66,641
Excess between the fair value of the contracted vessels and the contractual cash consideration			0	36,417	$ 0
2013 Credit Facility
Property Plant And Equipment
Line of credit facility amount drawn down			$ 115,000
Master Agreement
Property Plant And Equipment
Number of vessels	5		5
Fair value of vessels under construction acquired		$ 347,917
Advances for vessels under construction - related party			$ 7,921				$ 30,224
Excess between the fair value of the contracted vessels and the contractual cash consideration		$ 36,417	$ 10,251
Contracted price	$ 311,500
Master Agreement Product Carriers
Property Plant And Equipment
Number of vessels	2
DWT	50,000
Master Agreement Post Panamax Container Carriers
Property Plant And Equipment
Number of vessels	3
TEU	9,100
M/T Active
Property Plant And Equipment
Date of vessel acquisition			Mar. 31, 2015
DWT			50,136
M/V Akadimos (renamed to "CMA CGM Amazon")
Property Plant And Equipment
Date of vessel acquisition			Jun. 10, 2015
DWT			115,145
M/T Amadeus
Property Plant And Equipment
Date of vessel acquisition			Jun. 30, 2015
DWT			50,108
M/V Adonis (CMA CGM Uruguay)
Property Plant And Equipment
Date of vessel acquisition			Sep. 18, 2015
DWT			115,639
M/T Active, M/V Akadimos (renamed to "CMA CGM Amazon"), MT Amadeus and M/V Adonis (renamed to ''CMA CGM Uruguay''
Property Plant And Equipment
Cash consideration for acquisition of vessel			$ 230,000
Amount of available cash paid for acquisition of vessel			115,000
Fair value of vessels acquired			256,166
Advances for vessels under construction - related party				22,303
Excess between the fair value of the contracted vessels and the contractual cash consideration				26,166
M/T Active, M/V Akadimos (renamed to "CMA CGM Amazon"), MT Amadeus and M/V Adonis (renamed to ''CMA CGM Uruguay'' \| 2013 Credit Facility
Property Plant And Equipment
Line of credit facility amount drawn down			115,000
M/T Agisilaos, M/T Avax, M/T Akeraios, M/T Apostolos, M/V Archimidis and M/V Agamemnon
Property Plant And Equipment
Vessel improvement costs capitalized			$ 826
M/T Ayrton II and M/T Amore Mio II
Property Plant And Equipment
Vessel improvement costs capitalized				$ 183
Number of vessels acquired out of the total agreed \| Master Agreement
Property Plant And Equipment
Number of vessels			4
Rights Of First Refusal \| Master Agreement
Property Plant And Equipment
Number of vessels	6					2

Above market acquired charters - Carrying Value (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	$ 115,382	$ 131,382
Amortization	(14,864)	(16,000)	$ (13,594)
Carrying amount, end of period	100,518	115,382	131,382
M/V Cape Agamemnon
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	29,457	34,814
Amortization	(5,357)	(5,357)
Carrying amount, end of period	24,100	29,457	34,814
M/T Assos
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	0	612
Amortization	0	(612)
Carrying amount, end of period	0	0	612
M/V Agamemnon
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	500	1,363
Amortization	(500)	(863)
Carrying amount, end of period	0	500	1,363
M/V Archimidis
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	636	1,432
Amortization	(636)	(796)
Carrying amount, end of period	0	636	1,432
M/V Hyundai Premium
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	16,728	18,396
Amortization	(1,668)	(1,668)
Carrying amount, end of period	15,060	16,728	18,396
M/V Hyundai Paramount
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	16,858	18,528
Amortization	(1,669)	(1,670)
Carrying amount, end of period	15,189	16,858	18,528
M/V Hyundai Prestige
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	16,882	18,575
Amortization	(1,692)	(1,693)
Carrying amount, end of period	15,190	16,882	18,575
M/V Hyundai Privilege
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	17,144	18,816
Amortization	(1,673)	(1,672)
Carrying amount, end of period	15,471	17,144	18,816
M/V Hyundai Platinum
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	17,177	18,846
Amortization	(1,669)	(1,669)
Carrying amount, end of period	$ 15,508	$ 17,177	$ 18,846

Above market acquired charters - Amortization Schedule (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
For the twelve month period ended December 31,
2016	$ 13,757
2017	13,729
2018	13,729
2019	13,729
2020	11,042
Thereafter	34,532
Total	100,518	$ 115,382	$ 131,382
M/V Cape Agamemnon
For the twelve month period ended December 31,
2016	5,372
2017	5,357
2018	5,357
2019	5,357
2020	2,657
Thereafter	0
Total	24,100	29,457	34,814
M/V Hyundai Premium
For the twelve month period ended December 31,
2016	1,668
2017	1,668
2018	1,668
2019	1,668
2020	1,668
Thereafter	6,720
Total	15,060	16,728	18,396
M/V Hyundai Paramount
For the twelve month period ended December 31,
2016	1,670
2017	1,670
2018	1,670
2019	1,670
2020	1,670
Thereafter	6,839
Total	15,189	16,858	18,528
M/V Hyundai Prestige
For the twelve month period ended December 31,
2016	1,697
2017	1,693
2018	1,693
2019	1,693
2020	1,697
Thereafter	6,717
Total	15,190	16,882	18,575
M/V Hyundai Privilege
For the twelve month period ended December 31,
2016	1,676
2017	1,672
2018	1,672
2019	1,672
2020	1,676
Thereafter	7,103
Total	15,471	17,144	18,816
M/V Hyundai Platinum
For the twelve month period ended December 31,
2016	1,674
2017	1,669
2018	1,669
2019	1,669
2020	1,674
Thereafter	7,153
Total	$ 15,508	$ 17,177	$ 18,846

Long-Term Debt - Total Debt (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument
Total long-term debt	$ 571,616	$ 577,915
Less: Deferred loan issuance costs	3,806	3,242
Total long-term debt, net	567,810	574,673
Less: Current portion of long-term debt	12,957	5,400
Add: Current portion of deferred loan issuance costs	1,035	821
Long-term debt, net	555,888	570,094
(i) Issued in April 2007 maturing in December, 2019 - $370,000 credit facility (the ''2007 credit facility'')
Debt Instrument
Total long-term debt	$ 185,975	250,850
Margin	3.00%
(ii) Issued in March, 2008 maturing in December, 2019 - 2008 credit facility
Debt Instrument
Total long-term debt	$ 181,641	233,065
Margin	3.00%
(iii) Issued in June 2011 maturing in March 2018 - $25,000 credit facility (the ''2011 credit facility'')
Debt Instrument
Total long-term debt	$ 14,000	19,000
Margin	3.25%
(iv) Issued in September 2013 maturing in December 2020 - 2013 credit facility
Debt Instrument
Total long-term debt	$ 190,000	$ 75,000
Margin	3.50%

Long-Term Debt - Annual Loan Payments (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
2016	$ 12,957
2017	36,137
2018	114,676
2019	269,674
2020	138,172
Total long-term debt	571,616	$ 577,915
2007 Credit Facility (i)
Debt Instrument [Line Items]
2016	0
2017	12,975
2018	51,900
2019	121,100
2020	0
Total long-term debt	185,975
2008 Credit Facility (ii)
Debt Instrument [Line Items]
2016	0
2017	9,205
2018	36,819
2019	135,617
2020	0
Total long-term debt	181,641
2011 Credit Facility (iii)
Debt Instrument [Line Items]
2016	0
2017	1,000
2018	13,000
2019	0
2020	0
Total long-term debt	14,000
2013 Credit Facility (iv)
Debt Instrument [Line Items]
2016	12,957
2017	12,957
2018	12,957
2019	12,957
2020	138,172
Total long-term debt	$ 190,000

Long-Term Debt - Additional Information (Details) $ in Thousands	4 Months Ended	12 Months Ended
	Apr. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Debt Instrument [Line Items]
Interest expense		$ 17,856	$ 16,480	$ 14,982
Weighted average interest rate		3.65%	2.81%
2013 Credit Facility
Debt Instrument [Line Items]
Line of credit facility amount drawn down		$ 115,000
2013 Credit Facility Tranche B		$ 35,000
2007 Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 370,000
Prepayments of four scheduled amortization payments	$ 64,875
Debt variable rate basis		LIBOR
Number of amortization payments	5
Frequency of Payments		quarterly
Deferral of scheduled amortization payments	November 2017
2007 Credit Facility \| Extension of the final maturity date
Debt Instrument [Line Items]
Maturity date		Dec. 31, 2019
2007 Credit Facility \| Prior to amendment
Debt Instrument [Line Items]
Credit facility margin		2.00%
2007 Credit Facility \| After the amendment
Debt Instrument [Line Items]
Credit facility margin		3.00%
2008 Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				350,000
Prepayments of four scheduled amortization payments	$ 46,024
Number of amortization payments	5
Frequency of Payments		quarterly
Deferral of scheduled amortization payments	November 2017
2008 Credit Facility \| Extension of the final maturity date
Debt Instrument [Line Items]
Maturity date		Dec. 31, 2019
2011 Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 25,000			$ 25,000
Prepayments of four scheduled amortization payments	$ 5,000
Number of amortization payments	5
Frequency of Payments		quarterly
Deferral of scheduled amortization payments	December 2017

Long-Term Debt Covenants Description (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Debt Instrument [Line Items]
Ratio Of EBITDA To Net Interest Expense	2
Restricted cash	$ 17,000	$ 15,000
Net Total Indebtedness to the aggregate Market Value of the Total fleet	72.50%
Collateral Maintenance Requirement	125.00%
Debt Instrument Covenant Description	The Partnership's credit facilities contain customary ship finance covenants, including restrictions as to: changes in management and ownership of the mortgaged vessels, the incurrence of additional indebtedness, the mortgaging of vessels, the ratio of EBITDA to Net Interest Expenses shall be no less than 2:1, minimum cash requirement of $500 per vessel, as well as the ratio of net Total Indebtedness to the aggregate Market Value of the total fleet shall not exceed 0.725:1. As of December 31, 2015 and 2014, restricted cash amounted to $17,000 and $15,000, respectively and is presented under other non-current assets. The credit facilities also contain the collateral maintenance requirement in which the aggregate average fair market value, of the collateral vessels shall be no less than 125% of the aggregate outstanding amount under these facilities. Also the vessel-owning companies may pay dividends or make distributions when no event of default has occurred and the payment of such dividend or distribution has not resulted in a breach of any of the financial covenants. As of December 31, 2015 and 2014 the Partnership was in compliance with all financial debt covenants.
Minimum
Debt Instrument [Line Items]
Restricted cash	$ 500	$ 500

Financial Instruments - Effective Portion (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Amount of Gain Recorded in OCI (Effective Portion)	$ 0	$ 0	$ 462
Amount of Gain/ (Loss) recognized in the consolidated statements of comprehensive income	0	0	4
Interest expense and finance cost
Amount of Gain Recorded in OCI (Effective Portion)	0	0	462
Amount of Loss Reclassified from OCI into consolidated statements of comprehensive income (Effective Portion)	0	0	(466)
Gain on interest rate swap agreement
Amount of Gain/ (Loss) recognized in the consolidated statements of comprehensive income	0	0	4
Interest rate swaps
Amount of Gain Recorded in OCI (Effective Portion)	$ 0	$ 0	$ (4)

Financial Instruments - Additional Information (Details)	Jun. 30, 2013
LIBOR
Derivative Instruments Gain/ (Loss) [Line Items]
Number of Interest rate swaps	14

Accrued Liabilities (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accrued Liabilities [Abstract]
Accrued loan interest and loan fees	$ 1,226	$ 189
Accrued operating expenses	4,520	2,696
Accrued voyage expenses and commissions	1,188	2,159
Accrued general and administrative expenses	938	592
Total	$ 7,872	$ 5,636

Voyage Expenses and Vessel Operating Expenses (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Voyage expenses:
Commissions	$ 4,421	$ 3,597	$ 2,742
Bunkers	1,753	1,802	2,473
Port expenses	259	166	226
Other	457	680	649
Total	6,890	6,245	6,090
Vessel operating expenses:
Crew costs and related costs	31,788	28,945	21,154
Insurance expense	5,004	4,502	3,780
Spares, repairs, maintenance and other expenses	11,521	6,710	6,545
Stores and lubricants	7,790	6,535	5,022
Management fees (Note 4)	11,219	12,475	16,395
Vetting, insurances, spares and repairs (Note 4)	489	840	644
Other operating expenses	2,522	2,022	1,783
Total	$ 70,333	$ 62,029	$ 55,323

Partners' Capital - Distributions to Unitholders (Table) (Details) - $ / shares	8 Months Ended	16 Months Ended
	Aug. 20, 2014	Dec. 31, 2015
Minimum Quarterly Distribution \| Common Unitholders
Marginal percentage interest in distributions	98.00%	98.00%
Minimum Quarterly Distribution \| General Partner
Marginal percentage interest in distributions	2.00%	2.00%
First Target Distribution \| Common Unitholders
Marginal percentage interest in distributions	98.00%	98.00%
First Target Distribution \| General Partner
Marginal percentage interest in distributions	2.00%	2.00%
Second Target Distribution \| Common Unitholders
Marginal percentage interest in distributions	85.00%	85.00%
Second Target Distribution \| General Partner
Marginal percentage interest in distributions	15.00%	15.00%
Third Target Distribution \| Common Unitholders
Marginal percentage interest in distributions	75.00%	75.00%
Third Target Distribution \| General Partner
Marginal percentage interest in distributions	25.00%	25.00%
Thereafter \| Common Unitholders
Marginal percentage interest in distributions	50.00%	65.00%
Thereafter \| General Partner
Marginal percentage interest in distributions	50.00%	35.00%
Maximum \| First Target Distribution \| Total Quarterly Distribution Target Amount per Unit
Distribution target amount per unit	$ 0.4313	$ 0.2425
Maximum \| Second Target Distribution \| Total Quarterly Distribution Target Amount per Unit
Distribution target amount per unit	0.4688	0.2675
Maximum \| Third Target Distribution \| Total Quarterly Distribution Target Amount per Unit
Distribution target amount per unit	0.5625	0.2925
Minimum \| Minimum Quarterly Distribution \| Total Quarterly Distribution Target Amount per Unit
Distribution target amount per unit	0.375	0.2325
Minimum \| Second Target Distribution \| Total Quarterly Distribution Target Amount per Unit
Distribution target amount per unit	0.4313	0.2425
Minimum \| Third Target Distribution \| Total Quarterly Distribution Target Amount per Unit
Distribution target amount per unit	0.4688	0.2675
Minimum \| Thereafter \| Total Quarterly Distribution Target Amount per Unit
Distribution target amount per unit	$ 0.5625	$ 0.2925

Partners' Capital - Partnership Units (Table) (Details) - shares	Dec. 31, 2015	Dec. 31, 2014
Partners' Capital [Abstract]
Common units	120,409,456	104,079,960
General partner units	2,439,989	2,124,081
Preferred partner units	12,983,333	14,223,737
Total partnership units	135,832,778	120,427,778

Partners' Capital - Additional Information (Details) $ / shares in Units, $ in Thousands	3 Months Ended	4 Months Ended	6 Months Ended	8 Months Ended	9 Months Ended	12 Months Ended			24 Months Ended
	Mar. 26, 2013 shares	Apr. 30, 2015 USD ($) $ / shares shares	Jun. 30, 2013 shares	Aug. 31, 2013 USD ($) $ / shares shares	Sep. 30, 2014 USD ($) $ / shares shares	Dec. 31, 2015 USD ($) $ / shares shares	Dec. 31, 2014 USD ($) shares	Dec. 31, 2013 USD ($) shares	Dec. 31, 2013 $ / shares shares	Sep. 10, 2014 USD ($)	Jul. 24, 2014 USD ($)
Class B convertible preferred unit issued \| shares	9,100,000
Issuance of common units under Omnibus Incentive Compensation Plan \| shares						850,000
Equity offering \| shares		14,555,000		13,685,000	17,250,000
Net price per common unit \| $ / shares		$ 9.53		$ 9.25	$ 10.53
Net proceeds from equity offering \| $		$ 133,327		$ 120,696	$ 173,932
Issuance of Partnership's units \| $		$ 132,588		$ 119,811	173,504	$ 132,588	$ 173,504	$ 192,368
Stock Repurchased Retired During Period Cash Outflow \| $					$ 60,000	0	60,000	$ 0
Stock Repurchased Cancelled During Period Units \| shares					5,950,610
Advances for vessels under construction - related party \| $						$ 18,172	$ 66,641
Number of vessels						34
Class B Convertible Preferred Unit Subscription Agreement
Class B convertible preferred unit issued \| shares			24,655,554
Conversion price of the Preferred units \| $ / shares									$ 9
Preferred units conversion rate \| shares									1
May 23, June 6, 2012 and 2013 Class B Convertible Preferred Units Subscription Agreements Conversion Terms						Commencing on May 23, 2015, in the event the 30-day volume-weighted average trading price ('VWAP') and the daily VWAP of the Common Units on the National Securities Exchange on which the Common Units are listed or admitted to trading exceeds 130% of the then applicable Conversion Price for at least 20 Trading Days out of the 30 consecutive Trading Day period used to calculate the 30-day VWAP (the 'Partnership Mandatory Conversion Event') the Partnership acting pursuant to direction and approval of the Conflicts Committee (following consultation with the full board of directors), shall have the right to convert the Class B Convertible Preferred Units then outstanding in whole or in part into Common Units at the then-applicable Conversion Ratio. The holders of the outstanding Class B Convertible Preferred Units as of an applicable record date shall be entitled to receive, when, as and if authorized by the Partnership's board of directors or any duly authorized committee, out of legally available funds for such purpose, (a) first, the minimum quarterly Class B Convertible Preferred Unit Distribution Rate on each Class B Convertible Preferred Unit and (b) second, any cumulative Class B Convertible Preferred Unit Arrearage then outstanding, prior to any other distributions made in respect of any other Partnership Interests pursuant to the Agreements in cash. The minimum quarterly Class B Convertible Preferred Unit Distribution Rate shall be payable quarterly which is generally expected to be February 10, May 10, August 10 and November 10, or, if any such date is not a business day, the next succeeding business day.
Class B Convertible Preferred Units
Preferred units conversion rate \| shares						1
Number of Class B convertible preferred units converted to common units \| shares						1,240,404	4,698,484	5,733,333
Limited Partners Common
Conversion of Partnership's units \| $						$ 7,900	$ 36,591	$ 47,258
Issuance of Partnership's units \| $						132,588	173,504	119,811
General Partner
Conversion of Partnership's units \| $						2,742	3,696	3,060
Limited Partners Preferred
Conversion of Partnership's units \| $						$ (10,642)	$ (40,287)	(50,318)
Issuance of Partnership's units \| $								$ 72,557
Underwriters Exercise of Overallotment Options
Equity offering \| shares		1,755,000		1,785,000	2,250,000
CMTC
Units purchased \| shares		1,100,000					332,040
Common Units converted to General Partner Units \| shares						315,908	358,624	349,700
Interest of CGP in the partnership						2.00%	2.00%
Master Agreement
Advances for vessels under construction - related party \| $						$ 7,921				$ 30,224
Number of vessels						5					5
Contracted price \| $											$ 311,500
Minimum \| CMTC \| Right waived
Distribution target amount per unit \| $ / shares						$ 0.2425
Maximum \| CMTC \| Right waived
Distribution target amount per unit \| $ / shares						$ 0.25

Omnibus Incentive Compensation Plan (Table) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($) shares
Units
Unvested, end of period	$ 4,658
Employee equity compensation
Units
Unvested, beginning of period \| shares	0
Granted \| shares	240,000
Unvested, end of period \| shares	240,000
Unvested, beginning of period	$ 0
Granted	1,325
Unvested, end of period	$ 1,325
Non-Employee equity compensation
Units
Unvested, beginning of period \| shares	0
Granted \| shares	610,000
Unvested, end of period \| shares	610,000
Unvested, beginning of period	$ 0
Granted	3,367
Unvested, end of period	$ 3,367

Omnibus Incentive Compensation Plan (Details) $ in Thousands	2 Months Ended	12 Months Ended
	Mar. 01, 2010 shares	Dec. 31, 2015 USD ($) shares	Dec. 23, 2015 shares	Dec. 31, 2014 USD ($) shares	Dec. 31, 2013 USD ($)	Aug. 21, 2014 shares	Jul. 22, 2010 shares	Apr. 29, 2008 shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units / Shares authorized		850,000
Share based compensation \| $		$ 34		$ 0	$ 3,528
Total compensation cost related to non vested awards \| $		$ 4,658
Expected period of recognition for unrecognized compensation cost		3 years
Partnerships Omnibus Incentive Compensation Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units / Shares authorized						1,650,000	800,000	500,000
Partnerships Omnibus Incentive Compensation Plan Employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units granted			240,000	0
Number of annual installments			3
Partnerships Omnibus Incentive Compensation Plan Non Employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units granted			610,000	0
Vesting date of remaining awards			Dec. 31, 2018
Crude Carriers Corp. Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units / Shares authorized	400,000
Units granted	399,400
Number of annual installments					3
Vesting date of remaining awards					Aug. 31, 2013
Employee equity compensation
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units granted		240,000
Unvested shares		240,000		0
Share based compensation \| $		$ 10		$ 0	$ 1,216
Total compensation cost related to non vested awards \| $		$ 1,325		$ 0
Non-Employee equity compensation
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units granted		610,000
Unvested shares		610,000		0
Share based compensation \| $		$ 24		$ 0	$ 2,312
Total compensation cost related to non vested awards \| $		$ 3,367		$ 0

Net Income Per Unit Basic (Table) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Numerators
Partnership's net income	$ 55,410	$ 44,012	$ 99,481
Less:
Preferred unit holders' interest in Partnership's net income	11,334	14,042	18,805
General Partner's interest in Partnership's net income	$ 879	$ 593	$ 1,598
Denominators
Weighted average number of common units outstanding, basic	115,030,879	93,353,168	75,645,207
Net income per common unit:
Basic	$ 0.38	$ 0.31	$ 1.04
Basic
Numerators
Partnership's net income	$ 55,410	$ 44,012	$ 99,481
Less:
Preferred unit holders' interest in Partnership's net income	11,334	14,042	18,805
General Partner's interest in Partnership's net income	879	593	1,598
Partnership's net income allocable to unvested units	8	0	678
Common unit holders' interest in Partnership's net income	$ 43,189	$ 29,377	$ 78,400
Denominators
Weighted average number of common units outstanding, basic	115,030,879	93,353,168	75,645,207
Net income per common unit:
Basic	$ 0.38	$ 0.31	$ 1.04

Net Income Per Unit Diluted (Table) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Numerators
Partnership's net income	$ 55,410	$ 44,012	$ 99,481
Less:
Preferred unit holders' interest in Partnership's net income	11,334	14,042	18,805
General Partner's interest in Partnership's net income	$ 879	$ 593	$ 1,598
Denominators
Weighted average number of common units outstanding, basic	115,030,879	93,353,168	75,645,207
Weighted average number of common units outstanding, diluted	115,030,879	93,353,168	97,369,136
Net income per common unit:
Common unit diluted	$ 0.38	$ 0.31	$ 1.01
Diluted
Numerators
Partnership's net income	$ 55,410	$ 44,012	$ 99,481
Less:
Preferred unit holders' interest in Partnership's net income	11,334	14,042	18,805
General Partner's interest in Partnership's net income	879	593	1,574
Partnership's net income allocable to unvested units	8	0	678
Add:
Preferred unit holders' interest in Partnership's net income	0	0	18,805
Partnership's net income allocable to unvested units	0	0	678
-	$ 43,189	$ 29,377	$ 97,907
Denominators
Weighted average number of common units outstanding, basic	115,030,879	93,353,168	75,645,207
Dilutive effect of preferred units	0	0	21,069,664
Dilutive effect of unvested shares	0	0	654,265
Weighted average number of common units outstanding, diluted	115,030,879	93,353,168	97,369,136
Net income per common unit:
Common unit diluted	$ 0.38	$ 0.31	$ 1.01

Net Income per Unit - Additional Information (Details) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive convertible preferred units	12,983,333	14,223,737
Non-vested units awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive convertible preferred units	850,000

Gain on sale of claim (Details) $ in Thousands	2 Months Ended		6 Months Ended		10 Months Ended		12 Months Ended
Gain on sale of claim (Details) $ in Thousands	Feb. 19, 2014 USD ($)	Feb. 28, 2013	Jul. 02, 2013	Jun. 26, 2013 USD ($)	Dec. 31, 2013 USD ($)	Nov. 14, 2012	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Jun. 25, 2013	May 24, 2013 USD ($)
Gain on sale of claim [Line Items]
Number of claims						3
Total claim amount											$ 54,096
Proceeds received on transfer of claim to third party				$ 32,000
Gain on sale of claim to third party							$ 0	$ 0	$ 31,356
New charter contracts
Gain on sale of claim [Line Items]
Net daily hire rate per vessel					$6.3
Original charter contracts
Gain on sale of claim [Line Items]
Net daily hire rate per vessel		$13.0
Deutsche Bank
Gain on sale of claim [Line Items]
Percentage of right, title, interest, claims and causes of action transferred										100.00%
Separate Evidences of Transfer of Claim			6
Maximum amount to be paid to third party					$ 644				$ 644
Maximum amount paid to a third party	$ 644

Commitments and Contingencies - Future Minimum Charter Hire Receipts (Table) (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Commitments and Contingencies [Abstract]
2016	$ 213,385
2017	165,329
2018	123,761
2019	97,619
2020	75,599
Thereafter	221,123
Total	$ 896,816

Commitments and Contingencies - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($)	Jul. 24, 2014
Number of vessels	34
Master Agreement
Number of vessels	5	5
Outstanding Purchase Commitment	$ 73,759
Due date of commitment	February 2016
Master Agreement \| Remaining new building vessels
Number of vessels	1

Subsequent Events (Details)	12 Months Ended
Subsequent Events (Details)	Dec. 31, 2015 $ / shares
Common Unitholders
Subsequent Event [Line Items]
Dividends Payable, Date Declared	Jan. 20, 2016
Dividend declared	$ 0.2385
Dividends Paid, Date were paid	Feb. 12, 2016
Dividend paid	$ 0.2385
Dividends Payable, Date of Record	Feb. 05, 2016
Preferred unit-holders
Subsequent Event [Line Items]
Dividends Payable, Date Declared	Jan. 20, 2016
Dividend declared	$ 0.21975
Dividends Paid, Date were paid	Feb. 10, 2016
Dividend paid	$ 0.21975
Dividends Payable, Date of Record	Feb. 03, 2016