0001193125-22-123927 | 20-F | XBRL Viewer | Capital Product Partners LP

Print Document View Excel Document

Cover - shares	12 Months Ended
Cover - shares	Dec. 31, 2021	Dec. 31, 2020
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	1-33373
Entity Registrant Name	CAPITAL PRODUCT PARTNERS L.P.
Entity Central Index Key	0001392326
Entity Incorporation, State or Country Code	1T
Entity Address, Address Line One	3 Iassonos Street
Entity Address, City or Town	Piraeus
Entity Address, Country	GR
Entity Address, Postal Zip Code	18537
Title of 12(b) Security	Common units representing limited partnership interests
Trading Symbol	CPLP
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Document Accounting Standard	U.S. GAAP
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	19,394,696
General partner units outstanding	348,570	348,570
ICFR Auditor Attestation Flag	true
Auditor Firm ID	1163
Auditor Name	Deloitte Certified Public Accountants S.A.
Auditor Location	Athens, Greece
Business Contact [Member]
Document Information [Line Items]
Entity Address, Address Line One	3 Iassonos Street
Entity Address, City or Town	Piraeus
Entity Address, Country	GR
Entity Address, Postal Zip Code	18537
City Area Code	+30
Local Phone Number	210 458 4950
Contact Personnel Name	Gerasimos (Jerry) Kalogiratos

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 20,373	$ 47,336
Trade accounts receivable	6,025	2,855
Prepayments and other assets	4,835	3,314
Inventories	5,009	3,528
Claims	1,442	746
Total current assets	37,684	57,779
Fixed assets
Vessels, net (Note 6)	1,781,858	712,197
Total fixed assets	1,781,858	712,197
Other non-current assets
Above market acquired charters (Note 7)	48,605	34,579
Deferred charges, net	2,771	6,001
Restricted cash (Note 8)	10,614	7,000
Prepayments and other assets	3,638	4,642
Total non-current assets	1,847,486	764,419
Total assets	1,885,170	822,198
Current liabilities
Current portion of long-term debt, net (including $10,000 and nil payable to related party as of December 31, 2021 and 2020 respectively) (Notes 5, 8)	97,879	35,810
Trade accounts payable	9,823	9,029
Due to related parties (Note 5)	2,785	3,257
Accrued liabilities (Note 10)	11,395	10,689
Deferred revenue	8,919	2,821
Total current liabilities	130,801	61,606
Long-term liabilities
Long-term debt, net (including $6,000 and nil payable to related party as of December 31, 2021 and 2020 respectively) (Notes 5, 8)	1,211,095	338,514
Derivative liabilities (Note 9)	3,167	0
Below market acquired charters (Note 7)	14,643	0
Total long-term liabilities	1,228,905	338,514
Total liabilities	1,359,706	400,120
Commitments and contingencies (Note 16)	0	0
Partners’ capital
General Partner (348,570 General partner units at December 31, 2021 and 2020) (Note 13)	10,466	8,816
Limited Partners - Common (19,776,946 units issued and 19,394,696 units outstanding at December 31, 2021 and 18,623,100 units issued and outstanding at December 31, 2020) (Note 13)	519,497	413,262
Treasury Units (382,250 units repurchased as of December 31, 2021) (Note 13) 0	(4,499)	0
Total partners’ capital	525,464	422,078
Total liabilities and partners’ capital	$ 1,885,170	$ 822,198

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Current portion of long-term debt, net - related party	$ 10,000	$ 0
Long-term debt, net - related party	$ 6,000	$ 0
General Partner unit	348,570	348,570
Limited Partners - Common units issued	19,776,946	18,623,100
Limited Partners - Common units outstanding	19,394,696	18,623,100
Treasury Units	382,250	0

Consolidated Statements of Comprehensive Income / (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Revenues (Note 4)	$ 184,665	$ 140,865	$ 108,374
Expenses / (income), net:
Voyage expenses (Note 11)	10,698	6,301	2,930
Vessel operating expenses (Note 11)	41,199	33,745	26,632
Vessel operating expenses - related parties (Notes 5, 11)	5,923	4,976	3,917
General and administrative expenses (including $2,013, $2,049 and $2,146 to related parties, for the years ended December 31, 2021, 2020 and 2019, respectively) (Notes 5, 14)	8,662	7,195	5,502
Gain on sale of vessels (Note 6)	(46,812)	0	0
Vessel depreciation and amortization (Note 6)	46,935	41,405	29,261
Operating income	118,060	47,243	40,132
Other income / (expense), net:
Interest expense and finance cost (Note 8)	(20,129)	(16,741)	(17,036)
Other income / (expense)	247	(135)	1,325
Total other expense, net	(19,882)	(16,876)	(15,711)
Partnership’s net income from continuing operations attributable to:	98,178	30,367	24,421
Preferred unit holders’ interest in Partnership’s net income from continuing operations (Note 15)	0	0	2,652
Deemed dividend to preferred unit holders’ (Note 15)	0	0	9,119
General Partner’s interest in Partnership’s net income from continuing operations (Note 15)	1,790	558	236
Common unit holders’ interest in Partnership’s net income from continuing operations (Note 15)	96,388	29,809	12,414
Partnership’s net loss from discontinued operations (Note 3)	0	0	(146,876)
Total Partnership’s comprehensive income / (loss)	$ 98,178	$ 30,367	$ (122,455)
Net income from continuing operations per (Note 15):
• Common unit, basic and diluted	$ 5.14	$ 1.60	$ 0.68
• Common units, basic and diluted	18,342,413	18,194,186	18,178,144
Net loss from discontinued operations per:
• Common unit, basic and diluted	$ 0	$ 0	$ (7.93)
Net income / (loss) from operations per:
• Common unit, basic and diluted	$ 5.14	$ 1.60	$ (7.25)

Consolidated Statements of Comprehensive Income / (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
General and administrative expenses - related party	$ 2,013	$ 2,049	$ 2,146

Consolidated Statements of Changes in Partners' Capital - USD ($) $ in Thousands	General Partner [Member]	Common Unitholders [Member]	Treasury Units [Member]	Preferred Partner [Member]	Total
Beginning balance, value at Dec. 31, 2018	$ 15,436	$ 755,372	$ 0	$ 110,506	$ 881,314
Distributions declared and paid (distributions of $ 1.26, $ 0,90 and $0.40 per common unit in 2019, 2020 and 2021, respectively and $0.42 per preferred unit in 2019)	(440)	(22,904)	0	(5,427)	(28,771)
Partnership’s net income	(2,339)	(122,768)	0	2,652	(122,455)
Deemed dividend to preferred unit holders’ (Note 15)	(171)	(8,948)	0	9,119	0
Distribution of Diamond S Shipping Inc. stock to Partnership’s unitholders (Note 1)	(3,914)	(203,494)	0	0	(207,408)
Redemption of Class B Convertible Preferred Units (Note 1)	0	0	0	(116,850)	(116,850)
Equity compensation expense (Note 14)	0	907	0	0	907
Ending balance, value at Dec. 31, 2019	8,572	398,165	0	0	406,737
Distributions declared and paid (distributions of $ 1.26, $ 0,90 and $0.40 per common unit in 2019, 2020 and 2021, respectively and $0.42 per preferred unit in 2019)	(314)	(16,761)	0	0	(17,075)
Partnership’s net income	558	29,809	0	0	30,367
Equity compensation expense (Note 14)	0	2,049	0	0	2,049
Ending balance, value at Dec. 31, 2020	8,816	413,262	0	0	422,078
Distributions declared and paid (distributions of $ 1.26, $ 0,90 and $0.40 per common unit in 2019, 2020 and 2021, respectively and $0.42 per preferred unit in 2019)	(140)	(7,473)	0	0	(7,613)
Partnership’s net income	1,790	96,388	0	0	98,178
Equity compensation expense (Note 14)	0	2,043	0	0	2,043
Issuance of common units in connection with the acquisition of vessel owning companies (Notes 5, 13)	0	15,277	0	0	15,277
Repurchase of common units (Note 13)	0	0	(4,499)	0	(4,499)
Ending balance, value at Dec. 31, 2021	$ 10,466	$ 519,497	$ (4,499)	$ 0	$ 525,464

Consolidated Statements of Changes in Partners' Capital (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Limited Partner [Member]
Distributions declared and paid	$ 0.40	$ 0.90	$ 1.26
Preferred Partner [Member]
Distributions declared and paid			$ 0.42

Consolidated Statements of Cash flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities of continuing operations:
Net income from continuing operations	$ 98,178	$ 30,367	$ 24,421
Adjustments to reconcile net income to net cash provided by operating activities of continuing operations:
Vessel depreciation and amortization (Note 6)	46,935	41,405	29,261
Amortization and write-off of deferred financing costs	3,122	3,047	1,096
Amortization / accretion of above / below market acquired charters (Note 7)	7,287	11,696	14,380
Equity compensation expense (Note 14)	2,043	2,049	907
Change in fair value of derivatives (Note 9)	3,167	0	0
Unrealized gain from exchange difference of Euro denominated Bonds (Notes 8, 9)	(3,374)	0	0
Gain on sale of vessels (Note 6)	(46,812)	0	0
Changes in operating assets and liabilities:
Trade accounts receivable	(3,170)	(165)	13,436
Prepayments and other assets	(201)	(1,384)	(1,195)
Inventories	(1,481)	(2,057)	45
Claims	(696)	339	(1,085)
Trade accounts payable	(252)	3,779	(9,406)
Due to related parties	(472)	(1,999)	(12,486)
Accrued liabilities	2,687	684	(9,558)
Deferred revenue	6,098	(1,005)	(3,585)
Dry-docking costs paid	(1,895)	(6,074)	(954)
Net cash provided by operating activities of continuing operations	111,164	80,682	45,277
Cash flows from investing activities of continuing operations:
Vessel acquisitions and improvements including time charter agreements (Notes 6, 7)	(368,096)	(185,247)	(6,519)
Net proceeds from sale of vessels (Note 6)	193,031	0	0
Net cash used in investing activities of continuing operations	(175,065)	(185,247)	(6,519)
Cash flows from financing activities of continuing operations:
Proceeds from long-term debt (Note 8)	204,266	270,850	0
Payments of long-term debt (Note 8)	(145,471)	(153,573)	(32,733)
Deferred financing costs paid	(6,131)	(4,765)	(788)
Repurchase of common units (Note 13)	(4,499)	0	0
Redemption of Class B unit holders (Note 13)	0	0	(116,850)
Dividends paid (Note 13)	(7,613)	(17,075)	(28,771)
Net cash provided by / (used in) financing activities of continuing operations	40,552	95,437	(179,142)
Net decrease in cash, cash equivalents and restricted cash from continuing operations	(23,349)	(9,128)	(140,384)
Cash flows from discontinued operations
Operating activities	0	0	8,905
Investing activities	0	0	(1,484)
Financing activities	0	0	158,228
Net increase in cash, cash equivalents and restricted cash from discontinued operations	0	0	165,649
Net (decrease) / increase in cash, cash equivalents and restricted cash	(23,349)	(9,128)	25,265
Cash, cash equivalents and restricted cash at the beginning of the year	54,336	63,464	38,199
Cash, cash equivalents and restricted cash at the end of the year	30,987	54,336	63,464
Supplemental cash flow information
Cash paid for interest	15,750	15,347	20,138
Non-Cash Investing and Financing Activities
Capital expenditures included in liabilities	1,008	2,507	15,004
Capitalized dry-docking costs included in liabilities	123	1,649	2,560
Deferred financing costs included in liabilities	112	6	0
Financing arrangements and credit facility assumed in connection with the acquisition of companies owning vessels (Notes 5, 8)	866,344	0	0
Seller’s credit agreements in connection with the acquisition of companies owning vessels (Notes 5, 8)	16,000	0	0
Issuance of common units in connection with the acquisition of companies owning vessels (Notes 5, 13)	15,277	0	0
Expenses for sale of vessels included in liabilities (Note 6)	1,984	0	0
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	20,373	47,336	57,964
Restricted cash - Non-current assets	10,614	7,000	5,500
Total cash, cash equivalents and restricted cash shown in the statements of cash flows	$ 30,987	$ 54,336	$ 63,464

Basis of Presentation and General Information

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and General Information

1. Basis of Presentation and General Information

Capital Product Partners, L.P. was formed on January 16, 2007, under the laws of the Marshall Islands. Capital Product Partners, L.P. and its fully owned subsidiaries (collectively the “Partnership”) is an international shipping company. As of December 31, 2021, its fleet of 21 high specification vessels consisted of 11 Neo-Panamax container carrier vessels, three Panamax container carrier vessels, one Cape-size bulk carrier vessel and six X-DF Liquefied natural gas carrier (“LNG/C”) vessels. Its vessels are capable of carrying a wide range of cargoes including liquefied natural gas, containerized goods and dry bulk cargo under short-term voyage charters and medium to long-term time charters.

The DSS Transaction

On November 27, 2018, the Partnership entered into a definitive transaction agreement (the “Transaction Agreement”) with DSS Holdings L.P. (“DSS”), a privately held third party company, pursuant to which the Partnership agreed to spin off its Crude and Product tanker business into a separate publicly listed company which would combine with DSS’s businesses and operations in a share-to-share transaction (the “DSS Transaction”). Pursuant to the Transaction Agreement:

(a) the Partnership agreed to establish a number of entities for the implementation of the DSS Transaction, including Athena SpinCo Inc. (“Athena”);

(b) the Partnership agreed to contribute to Athena the Crude and Product tanker business, associated inventories, $10,000 in cash plus prorated charter hire and net payments received from February 20, 2019 onwards with specific arrangements relating to the funding of working capital;

(c) the Partnership agreed to distribute all 12,725,000 shares of common stock of Athena (renamed Diamond S Shipping Inc. or “Diamond S”) that it owned by way of a pro rata distribution to holders of the Partnership’s common and general partner units (the “distribution”);

(d) Immediately following the distribution, there was a series of mergers as a result of which Diamond S would acquire the business and operations of DSS (the “combination”). In the combination, Diamond S issued additional shares of Diamond S common stock to DSS in such amount as to reflect the relative net asset values of the respective businesses and the agreed implied premium on the net asset value of the Crude and Product tanker business; and

(e) DSS entered into several firm commitments for a syndicated five year term loan and revolving credit facility of up to $360,000 with a syndicate of global shipping banks, and agreed to turn over net proceeds in such amount to partially prepay a portion of the loans outstanding under the Partnership’s existing credit facilities, redeem the Partnership’s Class B Units and fund transaction expenses.

The DSS Transaction was completed on March 27, 2019. Results of operations and cash flows of the Crude and Product tanker business and assets and liabilities that were part of the DSS Transaction are reported as discontinued operations for 2019 (Note 3).

Effective March 27, 2019, the Partnership effected a one for seven reverse unit split of its issued and outstanding common and general partner units (the “March 2019 Reverse Split”) (Note 13). All units and per unit amounts disclosed in the financial statements give effect to this reverse stock split retroactively, for all periods presented.

CPLP Shipping Holdings PLC

On August 14, 2021, the Partnership established CPLP Shipping Holdings PLC (“CPLP PLC”) a 100% subsidiary of the Partnership. CPLP PLC was established in Cyprus as a public limited liability company in accordance with the provisions of the Companies Law of Cyprus, Chapter 113. On October 20, 2021, the Partnership, through its fully owned subsidiary, CPLP PLC, issued €150,000,000 unsecured bonds (the “Bonds”) on the Athens Stock Exchange. The Bonds are guaranteed by the Partnership. The Bonds will mature in October 2026 and have a coupon of 2.65%, payable semi-annually. The net proceeds of the Bonds offering were used to partially finance the acquisition of three LNG/C sister vessels (Note 8).

1. Basis of Presentation and General Information – Continued

As of December 31, 2021, the consolidated financial statements include Capital Product Partners, L.P. and the following wholly owned significant subsidiaries which were all incorporated or formed under the laws of the Marshall Islands, Liberia and Cyprus.

Subsidiary Date of Incorporation Name of Vessel Owned by Subsidiary Deadweight (“DWT”) Date acquired by the Partnership Date acquired by Capital Maritime & Trading Corp. (“CMTC”) or CGC Operating Corp. (“CGC”)

Capital Product Operating L.L.C 01/16/2007 — — — —

CPLP Shipping Holdings PLC 08/14/2021 — — — —

CPLP Gas Operating Corp. 08/24/2021 — — — —

Patroklos Marine Corp. 06/17/2008 M/V Cape Agamemnon 179,221 06/09/2011 01/25/2011

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

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 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

Dias Container Carrier S.A. 05/16/2013 M/V Akadimos (ex CMA CGM Amazon) 115,534 06/10/2015 06/10/2015

Poseidon Container Carrier S.A. 05/16/2013 M/V Adonis (ex CMA CGM Uruguay)⁽¹⁾ 115,639 09/18/2015 09/18/2015

Atrotos Container Carrier S.A. 10/25/2013 M/V CMA CGM Magdalena ⁽¹⁾ 115,639 02/26/2016 02/26/2016

Deka Container Carrier S.A. 03/28/2017 M/V Athenian 118,834 01/22/2020 04/28/2017

Jupiter Container Carrier S.A. 03/28/2017 M/V Athos 118,888 01/23/2020 05/19/2017

Nikitis Container Carrier S.A. 03/28/2017 M/V Aristomenis 118,712 01/23/2020 06/27/2017

Neos Container Carriers Corp. 09/04/2020 M/V Long Beach Express 68,618 02/25/2021
01/07/2021

Maistros Container Carriers Corp. 09/04/2020
M/V Seattle Express
68,411
02/25/2021
01/07/2021

Filos Container Carriers Corp. 09/04/2020
M/V Fos Express

68,579

02/25/2021

01/07/2021

Assos Gas Carrier Corp. 07/16/2018
LNG/C Aristos I
81,978 09/03/2021 11/12/2020

Dias Gas Carrier Corp. 07/16/2018
LNG/C Aristarchos
81,956 09/03/2021
06/15/2021

Atrotos Gas Carrier Corp. 07/16/2018
LNG/C Aristidis I
81,898
12/16/2021
01/04/2021

Poseidon Gas Carrier Corp. 07/16/2018 LNG/C Attalos 81,850 11/18/2021 08/13/2021

Maximus Gas Carrier Corp. 04/10/2019 LNG/C Asklipios 81,882
11/18/2021

09/29/2021

Kronos Gas Carrier Corp.
02/04/2019
LNG/C Adamastos
82,095

11/29/2021

08/23/2021

(1) Vessels were disposed in 2021.

Significant Accounting Policies

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Significant Accounting Policies

2. Significant Accounting Policies

(a) Principles of Consolidation: The 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) 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 or voyage charters.

Time charters contracts

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 in advance. A time charter generally provides typical warranties and owner protective restrictions. The performance obligations in a time charter are satisfied over the term of the contract beginning when the vessel is delivered to the charterer until it is redelivered back to the owner of the vessel. The time charter contracts are considered operating leases because (i) the vessel is an identifiable asset (ii) the owner of the vessel does not have substantive substitution rights and (iii) the charterer has the right to control the use of the vessel during the term of the contract and derives the economic benefits from such use. Revenues from time charters are recognized ratably on a straight-line basis over the period of the respective charter. Under time charter agreements, all voyage expenses, except commissions are assumed by the charterer. Operating costs incurred for running the vessel such as crew costs, vessel insurance, repairs and maintenance and lubricants are paid by the Partnership under time charter agreements.

Voyage charters contracts

A voyage charter is a contract in which the vessel owner undertakes to transport a specific amount and type of cargo on a load port-to-discharge port basis, subject to various cargo handling terms. The Partnership accounts for a voyage charter when all the following criteria are met: (1) the parties to the contract have approved the contract in the form of a written charter agreement and are committed to perform their respective obligations, (2) the Partnership can identify each party’s rights regarding the services to be transferred, (3) the Partnership can identify the payment terms for the services to be transferred, (4) the charter agreement has commercial substance (that is, the risk, timing, or amount of the Partnership’s future cash flows is expected to change as a result of the contract) and (5) it is probable that the Partnership will collect substantially all of the consideration to which it will be entitled in exchange for the services that will be transferred to the charterer. The Partnership determined that its voyage charters consist of a single performance obligation which is met evenly as the voyage progresses and begin to be satisfied once the vessel is ready to load the cargo. The voyage charter party agreement generally has a demurrage/dispatch clause according to which in the case of demurrage, the charterer reimburses the vessel owner for any potential delays exceeding the allowed lay time as per the charter party clause at the ports visited which is recorded as demurrage revenue. In the case of dispatch, the owner reimburses the charterer for the earlier discharging of the cargo from the agreed time. Demurrage/dispatch revenues are recognized starting from the point that is determined that the amount can be estimated, and its collection/payment is probable and on a straight-line basis until the end of the voyage. Revenues from voyage charters are recognized on a straight-line basis over the voyage duration which commences once the vessel is ready to load the cargo and terminates upon the completion of the discharge of the cargo. Under Accounting Standards Codification (“ASC”) 606, receivables represent an entity’s unconditional right to consideration, whether billed or unbilled

In voyage charters, vessel operating, and voyage expenses are paid for by the Partnership. The voyage charters are considered service contracts which fall under the provisions of ASC 606 because the Partnership retains control over the operations of the vessels such as the routes taken or the vessels’ speed.

Payment terms under voyage charters are disclosed in the relevant voyage charter agreements and generally have standard payment terms of 90% to 95% of the freight which is paid within three days after the completion of the vessel’s loading.

2. Significant Accounting Policies – Continued

(c) Accounting for Revenue, Voyage and Operating Expenses - Continued:

Vessel voyage expenses are direct expenses to voyage revenues and primarily consist of brokerage commissions, port expenses, canal dues and bunkers. Brokerage commissions are paid to shipbrokers for their time and efforts for negotiating and arranging charter party agreements on behalf of the Partnership and are expensed over the related charter period. All other voyage expenses are expensed as incurred, except for expenses during the ballast portion of the voyage (period between the contract date and the date of the vessel’s arrival to the load port). Any expenses incurred during the ballast portion of the voyage such as bunker expenses, canal tolls and port expenses are deferred and are recognized on a straight-line basis, in voyage expenses, over the voyage duration as the Partnership satisfies the performance obligations under the contract provided these costs are (1) incurred to fulfill a contract that we can specifically identify, (2) able to generate or enhance resources of the company that will be used to satisfy performance of the terms of the contract, and (3) expected to be recovered from the charterer. These costs are considered ‘contract fulfillment costs’ and are included in ‘prepayments and other assets’ in the consolidated balance sheets.

Vessel operating expenses presented in the consolidated financial statements mainly consist of management fees payable to the Partnership’s managers and crew, repairs and maintenance, insurance, stores, spares, lubricants, and other operating expenses.

Vessel operating expenses are expensed as incurred.

(d) 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 / (expense)” in the consolidated statements of comprehensive income / (loss).

(e) 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.

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

(g) Trade Accounts Receivable: The amount shown as trade accounts receivable primarily consists of earned revenue that has not been billed yet or that has been billed but has not yet been collected. At each balance sheet date all potentially uncollectible accounts are assessed individually for purposes of determining the appropriate write off. For the year ended December 31, 2021, and 2020 the respective write off amounted to $113 and $174, respectively.

(h) Inventories: Inventories consist of consumable bunkers, lubricants, spares and stores and are stated at the lower of cost and net realizable value. Net realizable value is the estimated selling prices less reasonably predictable costs of disposal and transportation. The cost is determined by the first-in, first-out method.

(i) Vessels Held for Sale: The Partnership classifies vessels as being held for sale when the following criteria are met: (i) management is committed to sell the asset; (ii) the asset is available for immediate sale in its present condition; (iii) an active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated; (iv) the sale of the asset is probable, and transfer of the asset is expected to qualify for recognition as a completed sale within one year; (v) the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.

Vessels classified as held for sale are measured at the lower of their carrying amount or fair value less costs to sell. These vessels are not depreciated once they meet the criteria to be classified as held for sale.

If a plan to sell a vessel is cancelled, the Partnership reclassifies the vessel as held for use and re-measures it at the lower of (i) its carrying amount before the vessel was classified as held for sale, adjusted for any depreciation expense that would have been recognized if the vessel had been continuously classified as held and used and (ii) its fair value at the date of the subsequent decision not to sell.

2. Significant Accounting Policies – Continued

(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, any material expenses incurred during its construction (improvements and delivery expenses, on-site supervision costs incurred during the construction periods, as well as capitalized interest expense during the construction period). Certain subsequent expenditures for major improvements and regulatory requirements are also capitalized if it is determined that they appreciably extend the life, increase the earning capacity or improve the efficiency or safety of the vessels. Vessels acquired through acquisition of businesses are recorded at their acquisition date fair values. Vessels acquired through asset acquisitions are recorded at cost. 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 for the container carrier and bulk carrier vessels and 35 years for the LNG/C vessels.

(k) Impairment of Vessels: An impairment loss on vessels is recognized when indicators of impairment are present and the carrying amount of the vessel is greater than its fair value and is determined not to be recoverable. In determining future benefits derived from use of the vessels, the Partnership performs an analysis of the anticipated undiscounted future net cash flows of the related vessel. If the carrying value of the asset, including any related intangible assets and liabilities, 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.

The Partnership has performed an undiscounted cash flow test as of December 31, 2021, and 2020, determining undiscounted projected net operating cash flows for each vessel an indication for impairment was present and compared them to the carrying amount of the vessels, and any related intangible assets and liabilities. In developing estimates of future cash flows, the Partnership made assumptions about future charter rates, utilization rates, vessel operating expenses, future dry-docking costs, the estimated remaining useful life of the vessels and their estimated residual value. 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 vessels held for use and their related intangible assets and liabilities were not impaired as of December 31, 2021, and 2020.

(l) Deferred charges, net: 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. 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.

(m) Intangible assets: The Partnership records all identified tangible and intangible assets or any liabilities associated with the acquisition of a business or an asset at fair value. When a vessel or a business that owns a vessel is acquired with an existing charter agreement, the Partnership considers whether any value should be assigned to the attached charter agreement acquired. The value to be assigned to the charter agreement is based on the difference of the contractual charter rate of the agreement acquired and the prevailing market rate for a charter of equivalent duration at the time of the acquisition, determined by independent appraisers as at that date. The resulting above-market (assets) or below-market (liabilities) charters are amortized using the straight-line method as a reduction or increase, respectively, to revenues over the remaining term of the charters (Note 7).

(n) 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 (“IDR”)) and net income allocable to unvested units, by the weighted-average number of common units outstanding during the period (Note 15). 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.

(o) 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.

2. Significant Accounting Policies – Continued

(p) 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 / (loss). 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 (Note 14).

(q) Treasury stock:The Partnership records the repurchase of its common units at cost based on the settlement dates of repurchase transactions. These units are classified as treasury units, which is a reduction to partners’ capital. Treasury units are included in authorized and issued units but excluded from outstanding units (Note 13).

(r) Derivative Instruments: The Partnership from time to time may enter into derivative instruments to hedge its exposure to foreign exchange or interest rate risks arising from operational, financing and investment activities. Derivatives are initially measured at fair value; attributable transaction costs are expensed as incurred. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Partnership has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply, or the Company elects not to apply hedge accounting.

(s) Recent Accounting Pronouncements:

On January 7, 2021, The Financial Accounting Standards Board issued the Accounting Standards Update (“ASU”) No. 2021-01—Reference Rate Reform (Topic 848). The amendments in this Update clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivative instruments that use an interest rate for margining, discounting, or contract price alignment that is modified as a result of reference rate reform. Amendments in this Update to the expedients and exceptions in Topic 848 capture the incremental consequences of the scope clarification and tailor the existing guidance to derivative instruments affected by the discounting transition. This ASU is effective for adoption at any time between January 7, 2021 and December 31, 2022. The Partnership is currently evaluating the impact of this adoption in its consolidated financial statements and related disclosures.

Discontinued Operations

12 Months Ended

Dec. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

3. Discontinued Operations

The Partnership’s discontinued operations relate to the operations of Diamond S, as following the spin-off, the Partnership has no continuing involvement in this business (Note 1).

Summarized selected operating results of the Partnership’s discontinued operations for the period from January 1, 2019 to the date of the completion of the DSS Transaction on March 27, 2019 were as follows:

Discontinued operations (Table)

Major items constituting net loss from discontinued operations

2019

Revenues $ 46,172

Expenses

Voyage expenses 12,655

Vessel operating expenses 15,506

General and administrative expenses 2,564

Vessel depreciation and amortization 9,630

Impairment of vessels 149,578

Interest expense and finance cost 3,174

Other income (59)

Net loss from discontinued operations $ (146,876)

As the Partnership spun-off its tanker business on March 27, 2019, assets and liabilities contributed to the DSS Transaction are no longer included in the consolidated balance sheet as of December 31, 2019.

During 2019 the Partnership paid advances relating to the purchase of exhaust gas cleaning systems and ballast water treatment systems that would be installed to certain of its vessels that were part of Crude and Product tanker business, of $1,110.

Revenues from Continuing Operations

12 Months Ended

Dec. 31, 2021

Revenues From Continuing Operations

Revenues from Continuing Operations

4. Revenues from Continuing Operations

The following table shows the revenues from continuing operations earned from time and voyage charters contracts for the years ended December 31, 2021, 2020 and 2019:

	For the years ended December 31,
	2021		2020		2019
Time charters (operating leases)	$	171,134	$	137,893	$	108,374
Voyage charters	$	13,531	$	2,972	$	—
Total	$	184,665	$	140,865	$	108,374

As of December 31, 2021, 20 of the Partnership’s vessels were employed under time charter agreements with remaining tenor ranging between 0.4 and 4.7 years. From these time charter agreements 13 include extensions in charterers’ option that range between 0.4 to 9.2 years.

As of December 31, 2021 and 2020 prepayments and other assets include bunker expenses of $168 and $80, respectively, incurred between the contract date and the date of the vessel’s arrival to the load port. As of December 31, 2021 and 2020 the Partnership had unearned revenue related to undelivered performance obligations of $3,010 which will be recognized in the Partnership’s records in the first quarter of 2022 and 0 nil respectively.

Transactions with Related Parties

12 Months Ended

Dec. 31, 2021

Transactions with Related Parties

5. Transactions with Related Parties

During the year ended December 31, 2021, the Partnership acquired from CGC, a privately held company jointly controlled by 50% by Mr. Miltiadis Marinakis the son of Mr. Evangelos M. Marinakis who controls Capital GP L.L.C. (“CGP”), the shares of the companies owning the LNG/C Aristos I, the LNG/C Aristarchos, the LNG/C Attalos, the LNG/C Asklipios, the LNG/C Adamastos and the LNG/C Aristidis I (Note 6). Each of these owning companies entered into a floating fee management agreement with Capital Gas Ship Management Corp. (“Capital-Gas”), a privately held company ultimately controlled by Mr. Miltiadis Marinakis. In connection with the acquisition of the shares of the companies owning the LNG/C Aristos I and the LNG/C Aristarchos, (Note 6) the Partnership entered into two separate Seller’s Credit Agreements with CGC (“CGC Seller’s Credits”) in order to defer $10,000 in total, of the purchase price (Note 8), assumed debt amounting to $304,355 (Note 8) and issued 1,153,846 common units to CGC (Note 13). In connection with the acquisition of the shares of the company owning the LNG/C Attalos, the LNG/C Asklipios, the LNG/C Adamastos and the LNG/C Aristidis I the Partnership assumed debt amounting to $561,989 (Note 8).

During the year ended December 31, 2021, the Partnership also acquired from CMTC the shares of the companies owning the M/V Long Beach Express, the M/V Seattle Express and the M/V Fos Express (Note 6). Each of these three owning companies entered into a floating fee management agreement with Capital-Executive Ship Management Corp. (“Capital-Executive”), a privately held company ultimately controlled by Mr. Miltiadis Marinakis. In connection with the acquisition of these companies the Partnership entered into a Seller’s Credit Agreement with CMTC (“CMTC Seller’s Credit”) in order to defer $6,000 of the purchase price (Notes 6,8).

In November 2020 and August 2019, the Partnership completed the process of changing the manager of its Capesize bulk carrier, one M/V Cape Agamemnon and its then ten container carrier vessels respectively, from Capital Ship Management Corp. (“CSM”) to Capital-Executive. The agreement with Capital-Executive has the same terms and conditions of our floating fee management agreement with CSM.

In January, 2020 the Partnership acquired from CMTC the shares of the companies owning the M/V Athenian, the M/V Athos and the M/V Aristomenis (Note 6). Each of these three owning companies entered into a floating fee management agreement with Capital-Executive.

In connection with the DSS transaction (Note 1) in March 2019 the Partnership and CSM agreed to terminate the commercial and technical management agreement, dated as of March 17, 2010, between them as all vessels covered by this agreement were spun off as part of Diamond S; and agreed to amend the floating rate management agreement, dated June 10, 2011, between them to reflect that all tankers vessels owned by the Partnership, would no longer be managed under this agreement.

Further to the transactions described above with CGC and CMTC, the Partnership and its subsidiaries have related party transactions with CSM, Capital-Executive and Capital-Gas (collectively the “Managers”) and the Partnership’s general partner, CGP arising from certain terms of the following management and administrative services agreements.

1. Floating fee management agreements: Under the terms of these agreements the Partnership compensates its Managers 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 Managers. The Partnership also pays its Managers a daily technical management fee per managed vessel that is revised annually based on the United States Consumer Price Index. For the years ended December 31, 2021, 2020 and 2019 management fees under the management agreements amounted to $5,923, $4,976 and $3,917, respectively, and are included in “Vessel operating expenses – related parties” in the consolidated statements of comprehensive income / (loss).

2. Administrative and service agreements: On April 4, 2007, the Partnership entered into an administrative services agreement with CSM, pursuant to which CSM has agreed to provide certain administrative management services to the Partnership such as accounting, auditing, legal, insurance, IT and clerical services. In addition, the Partnership reimburses CSM and CGP for reasonable costs and expenses incurred in connection with the provision of these services, after CSM 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 / (loss). In 2015, the Partnership entered into an executive services agreement with CGP, which was amended in 2016 and 2019, according to which CGP provides certain executive officers services for the management of the Partnership’s business as well as investor relation and corporate support services to the Partnership. For the years ended December 31, 2021, 2020 and 2019 such fees amounted to $1,880 for each year and are included in “General and administrative expenses” in the consolidated statements of comprehensive income / (loss).

5. Transactions with Related Parties – Continued

Balances and transactions with related parties consisted of the following:

Consolidated Balance Sheets As of As of

December 31, 2021 December 31, 2020

Liabilities:

CSM – payments on behalf of the Partnership (a) $ 92 $ 1,040

Management fee payable to CSM (b) 25 25

Capital-Executive – payments on behalf of the Partnership (a) 1,188 1,765

Management fee payable to Capital-Executive (b) 417 427

Capital-Gas – payments on behalf of the Partnership (a) 721 —

Management fee payable to Capital-Gas (b) 342 —

Due to related parties $ 2,785 $ 3,257

Consolidated Statements of Comprehensive Income / (Loss) For the years ended December 31,

2021 2020 2019

Vessel operating expenses $ 5,923 $ 4,976 $ 3,917

General and administrative expenses (c) 2,013 2,049 2,146

(a) Managers - Payments on Behalf of the Partnership: This line item represents the amount outstanding for payments for operating and voyage expenses made by the Managers on behalf of the Partnership and its subsidiaries.

(b) Management fee payable to Managers: The amount outstanding as of December 31, 2021 and 2020 represents the management fee payable to the Managers under the management agreements.

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

Vessels, net

12 Months Ended

Dec. 31, 2021

Vessels Net

Vessels, net

6. Vessels, net

The following table presents an analysis of vessels, net:

Vessels, net (Table)

	Vessel cost		Accumulated depreciation		Net book value
Balance as at January 1, 2020	$	748,819	$	(171,928)	$	576,891
Vessel acquisitions		162,600		—		162,600
Improvements		11,601		—		11,601
Depreciation for the year		—		(38,895)		(38,895)
Balance as at December 31, 2020	$	923,020	$	(210,823)	$	712,197
Vessel acquisitions		1,256,858		—		1,256,858
Vessel disposals		(180,358)		36,123		(144,235)
Improvements		374		—		374
Depreciation for the year		—		(43,336)		(43,336)
Balance as at December 31, 2021	$	1,999,894	$	(218,036)	$	1,781,858

All of the Partnership’s vessels as of December 31, 2021, have been provided as collateral to secure the Partnership’s credit facilities, and financing arrangements (Note 8).

Vessel acquisitions

For the year 2021

On November 29, 2021 the Partnership entered into a Share Purchase Agreement (“SPA”) with CGC for the acquisition of the shares of the company owning a 174,000 Cubic Meter (“CBM”) LNG/C vessel, namely the LNG/C Adamastos, built in 2021, at Hyundai Heavy Industries Co., Ltd (“Hyundai”) for a total consideration of $220,000.The LNG/C Adamastos was delivered to the Partnership on November 29, 2021.

On November 18, 2021 the Partnership entered into two separate SPAs with CGC for the acquisition of the shares of the companies owning two 174,000 CBM LNG vessels, namely the LNG/C Asklipios and the LNG/C Attalos, built in 2021, at Hyundai for a total consideration of $196,000 and $207,000, respectively. The LNG/C Asklipios and the LNG/C Attalos were delivered to the Partnership on November 18, 2021.

On August 31, 2021 the Partnership entered into three separate SPAs with CGC for the acquisition of the shares of the companies owning three 174,000 CBM LNG/C vessels, namely the LNG/C Aristos I, built in 2020 and the LNG/Cs Aristarchos and Aristidis I, both built in 2021, at Hyundai for a total consideration of $203,139, $191,639 and $205,000 respectively. The LNG/C Aristos I and the LNG/C Aristarchos were delivered to the Partnership on September 3, 2021, while the LNG/C Aristidis I was delivered on December 16, 2021.

On January 27, 2021, the Partnership entered into three separate SPAs with CMTC for the acquisition of the shares of the companies owning three 5,089 Twenty-foot Equivalent Unit (“TEU”) sister container vessels, namely the M/V Long Beach Express, the M/V Seattle Express and the M/V Fos Express, all built in 2008 at Hanjin Heavy Industries S. Korea, for a total consideration of $40,500. In addition, the Partnership recognized expenses of $250, included in vessels’ cost, in connection with the acquisition of the three container vessels. The M/V Long Beach Express, the M/V Seattle Express and the M/V Fos Express were delivered to the Partnership on February 25, 2021.

All vessels were acquired with attached charter party agreements.

6. Vessels, net – Continued

Vessel acquisitions – Continued

· For the year 2021 - Continued

The Partnership accounted for these acquisitions as acquisition of assets as the fair values of the vessels and the time charters attached are concentrated in a single identifiable asset. The Partnership considered whether any value should be assigned to the attached charter party agreements acquired and concluded that the contracted daily charter rate for the LNG/C Aristos I, the LNG/C Aristidis I, the LNG/C Attalos and the LNG/C Adamastos were above and for the LNG/C Aristarchos, the LNG/C Asklipios, the M/V Long Beach Express, the M/V Seattle Express and the M/V Fos Express were below the market rate on the acquisition date and therefore the total consideration was allocated to the vessel’s cost and the above and below market acquired charters, respectively. The Partnership allocated the cost of the vessels and the time charters acquired on the basis of their relative fair values.

The vessels were recorded in the Partnership’s financial statements at a total value of $1,256,858, reflecting a net reduction of $6,670 from the acquisition cost of $1,263,528 due to the value of the charters that were attached to the vessels at the time of the respective acquisitions (Note 7).

For the year 2020

In January 2020, the Partnership entered into three separate SPAs with CMTC for the acquisition of the shares of the companies owning the M/V Athenian, the M/V Athos and the M/V Aristomenis for a total consideration of $162,600. The Partnership accounted for these acquisitions as acquisition of assets. The Partnership considered whether any value should be assigned to the attached charter party agreements acquired and concluded that the contracted daily charter rates were equal to the market rates on the acquisition date and therefore the total consideration was allocated to the vessels’ cost.

Improvements

During the year ended December 31, 2021 and 2020, certain of the Partnership’s vessels underwent improvements. The costs of these improvements amounted to $374 and $11,601 respectively and were capitalized as part of the vessels’ cost. Improvements during the year ended December 31, 2020 included the cost of $10,906 relating to the installation of exhaust gas cleaning and ballast water treatment systems for certain of the Partnership’s vessels. During the year ended December 31, 2021, no such installations took place.

Vessel disposals

On April 7, 2021, the Partnership entered into two separate Memorandum of Agreements (“MOA”) with a third party for the sale of the M/V CMA CGM Magdalena and the M/V Adonis at a price of $99,000 and $96,000, respectively. The Partnership decided to enter into these MOAs after receiving the Buyers’ purchase enquiries which were opportunistic in nature. Upon entering the MOAs the Company considered that both vessels met the criteria to be classified as held for sale. At that time the vessels’ fair value less cost to sell exceeded their carrying amount, so no impairment charge was recognized in the Partnership’s consolidated statement of comprehensive income/(loss) for the year ended December 31, 2021. The vessels were delivered to their new owners on May 17, 2021 and December 13, 2021, respectively. For the year ended December 31, 2021, the Partnership recognized a gain on the sale of vessels analyzed as follows:

Vessels, net - Disposals (Table)

M/V CMA CGM Magdalena M/V Adonis Total

Sale price $ 99,000 $ 96,000 $ 195,000

Carrying value on sale (71,598) (72,637) (144,235)

Other sale expenses (2,018) (1,935) (3,953)

Gain on sale $ 25,384 $ 21,428 $ 46,812

Above / Below market acquired charters

12 Months Ended

Dec. 31, 2021

Above Below Market Acquired Charters

Above / Below market acquired charters

7. Above / Below market acquired charters

During the year ended December 31, 2021, the Partnership acquired the LNG/C Aristos I, the LNG/C Aristidis I, the LNG/C Attalos and the LNG/C Adamastos with time charters attached to the vessels, with time charters daily rates being above the market rates for equivalent time charters prevailing at the time of acquisitions (Note 6). During the year ended December 31, 2021 the Partnership acquired the LNG/C Aristarchos, the LNG/C Asklipios, the M/V Long Beach Express, the M/V Seattle Express and the M/V Fos Express with time charters attached to the vessels with time charters daily rates being below the market rates for equivalent time charters prevailing at the time of acquisitions (Note 6). The fair value of the time charters attached to the vessels representing the difference between the time charters rates at which the vessels were fixed and the market rates for comparable charters as determined by reference to market data on the acquisition dates were recorded as “Above market acquired charters” under other non-current assets or “Below market acquired charters” under long-term liabilities in the consolidated balance sheet as of the acquisition dates respectively. The fair values of the time charters attached were determined using Level 2 inputs being market values on the acquisition dates (Note 9).

During the year ended December 31, 2020, the Partnership did not recognize any above / below market acquired charters.

Above and below market acquired time charters are amortized or accreted using the straight line method over the remaining period of the time charters acquired as a reduction or addition to time charter revenues. For the years ended December 31, 2021 and 2020 such amortization to time charter revenues for the above market acquired time charters amounted to $9,949 and $11,696, respectively. For the years ended December 31, 2021 and 2020 such accretion to time charter revenues for the below market acquired time charters amounted to $2,662 and 0nil, respectively.

The following table presents an analysis of above / below market acquired charters:

		Above market acquired charters		Below market acquired charters
Carrying amount as at January 1, 2020	$	46,275	$	—
Amortization		(11,696)		—
Carrying amount as at December 31, 2021	$	34,579	$	—
Additions		23,975		(17,305)
(Amortization) / accretion		(9,949)		2,662
Carrying amount as at December 31, 2021	$	48,605	$	(14,643)

As of December 31, 2021, the remaining carrying amount of unamortized above / below market acquired time charters will be amortized / accreted in future years as follows:

For the year ending December 31,
Above market acquired charters Below market acquired charters

2022
$
16,285
$
(4,275)

2023 15,407 (4,275)

2024 11,301 (4,287)

2025 3,935 (1,806)

2026 1,677 —

Total
$
48,605 $ (14,643)

Long-Term Debt

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Long-Term Debt

8. Long-Term Debt

Long-term debt consists of the following credit facilities, sale and lease back agreements and unsecured Bonds:

Long-Term Debt - Bank Loans (Table)

			As of December 31, 2021		As of December 31, 2020	Margin
	*Credit facilities*
(i)	Issued in September 2017 maturing in October 2023 (the “2017 credit facility”)	$	106,047	$	122,324	3.25%
(ii)	Issued in January 2020 maturing in January 2025 (the “2020 credit facility”)		32,480		35,920	2.55%
(iii)	Issued in January 2021 maturing in February 2026 (the “CMTC Seller’s Credit”)		6,000		—	5.00%
(iv)	Issued in August 2021 maturing in September 2022 (the “CGC Seller’s Credit”)		5,000		—	—
(v)	Issued in August 2021 maturing in September 2022 (the “CGC Seller’s Credit”)		5,000		—	—
(vi)	Assumed in December 2021 maturing in December 2027 (the “2021 credit facility”)		120,566		—	2.50%
	*Sale and lease back agreements*
(vii)	Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”)		32,900		36,100	2.55%
(viii)	Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”)		32,900		36,100	2.55%
(ix)	Issued in May 2020 maturing in May 2027 (the “ICBCFL”)		45,660		49,324	2.60%
(x)	Issued in May 2020 fully repaid in May 2021 (the “ICBCFL”)		—		50,570	2.60%
(xi)	Issued in May 2020 fully repaid in December 2021 (the “ICBCFL”)		—		49,324	2.60%
(xii)	Issued in January 2021 maturing in February 2026 (the “2021 CMBFL- Panamax”)		9,184		—	2.85%
(xiii)	Issued in January 2021 maturing in February 2026 (the “2021 CMBFL-Panamax”)		9,184		—	2.85%
(xiv)	Issued in January 2021 maturing in February 2026 (the “2021 CMBFL- Panamax”)		9,184		—	2.85%
(xv)	Assumed in September 2021 maturing in October 2027 (the “2021 Bocomm”)		144,744		—	2.70%
(xvi)	Assumed in September 2021 maturing in May 2028 (the “2021 Bocomm”)		151,299		—	2.70%
(xvii)	Assumed in November 2021 maturing in August 2028 (the “2021 CMBFL-LNG/C”)		146,315		—	2.55%
(xviii)	Assumed in November 2021 maturing in September 2028 (the “2021 CMBFL-LNG/C”)		147,493		—	2.55%
(xix)	Assumed in November 2021 maturing in July 2036 (the “2021 Shin Doun”)		142,609		—	—^*
	*Unsecured Bonds*
(xx)	Issued in October 2021 maturing in October 2026		170,862		—	2.65%

	Total long-term debt		1,317,427		379,662
	Less: Deferred loan and financing arrangements issuance costs		8,453		5,338
	Total long-term debt, net		1,308,974		374,324
	Less: Current portion of long-term debt		100,144		37,210
	Add: Current portion of deferred loan and financing arrangements issuance costs		2,265		1,400
	Long-term debt, net	$	1,211,095	$	338,514

-It is being repaid at the rate of $31 per day including interest.

8. Long-Term Debt – Continued

Changes in the credit facilities for the years 2021 and 2020 are as follows:

· For the year 2021

“2021 credit facility” (vi)

On December 16, 2021, upon the completion of the acquisition of the LNG/C Aristidis I (Note 6) the Partnership assumed the outstanding balance of $123,001, of the credit facility that the company owning the vessel had entered into with ING Bank N.V., London Branch (“2021 credit facility”). The loan agreement for the LNG/C Aristidis I has a remaining duration, from the date of the vessel’s acquisition from the Partnership, of six years.



“2021 Shin Doun”(xix)

On November 29, 2021, upon the completion of the acquisition of the LNG/C Adamastos (Note 6) the Partnership assumed the outstanding balance of $143,103, of the sale and leaseback agreement that the company owning the vessel had entered into with a subsidiary of Shin Doun Kisen Co., Ltd. (“Shin Doun”). The lease agreement for the LNG/C Adamastos has a remaining duration, from the date of the vessel’s acquisition from the Partnership, of 14.7 years.

“2021 CMBFL-LNG/C”(xvii),(xviii)

On November 18, 2021, upon the completion of the acquisition of the LNG/C Attalos and the LNG/C Asklipios (Note 6) the Partnership assumed the outstanding balances of $146,315 and $149,570, respectively, of the two separate sale and leaseback agreements that the companies owning the vessels had entered into with two subsidiaries of CMB Financial Leasing Co., Ltd (“CMBFL”). The lease agreements for the LNG/C Attalos and the LNG/C Asklipios have remaining durations, from the date of the vessels’ acquisition from the Partnership of 6.7 and 6.9 years respectively.

“2021 Bocomm”(xv),(xvi) and “CGC Seller’s Credit”(iv),(v)

On September 3, 2021, upon the completion of the acquisition of the LNG/C Aristos I and the LNG/C Aristarchos (Note 6) the Partnership assumed the outstanding balances of $148,920 and $155,435, respectively, of the two separate sale and leaseback agreements that the companies owning the vessels had entered into with two subsidiaries of Bank of Communications Financial Leasing Co., Ltd (“Bocomm”). The lease agreements for the LNG/C Aristos I and the LNG/C Aristarchos have a remaining duration from the date of the vessel’s acquisition from the Partnership of 6.1 and 6.7 years respectively. Furthermore, on August 31, 2021 the Partnership entered into two CGC Seller’s Credits (iv) and (v) to defer $5,000 of the purchase price for each vessel (Notes 5, 6). The CGC Seller’s Credits bear no interest and are payable within one year from the vessel’s delivery date.

“2021 CMBFL- Panamax”(xii), (xiii),(xiv) and “CMTC Seller’s Credit”(iii)

On January 22, 2021, the Partnership entered into three separate sale and lease back agreements with CMBFL for up to $10,010 each in order to partially finance the acquisition of the share of the companies owning the vessels M/V Long Beach Express, M/V Seattle Express and M/V Fos Express (Note 6). Each lease agreement has a duration of five years. Furthermore, on January 27, 2021 the Partnership entered into a Seller’s Credit with CMTC (iii) to defer $6,000 of the purchase price for up to five years from the delivery of the vessels (Notes 5, 6).

“Unsecured Bonds” (xx)

On October 20, 2021 the Partnership, through its wholly subsidiary, CPLP PLC (the “Issuer”), issued unsecured Bonds on the Athens Stock Exchange of an amount of €150,000,000 or $170,862 (translated as of December 31, 2021). The Bonds are guaranteed by the Partnership and have a five year duration and pay a fixed coupon of 2.65%, payable semi-annually. The settlement occurred on October 22, 2021 and the proceeds were used to partially finance the acquisition of the shares of the companies owning the LNG/C Attalos, the LNG/C Asklipios and the LNG/C Adamastos. The Bonds contain requirements such as that the ratio of EBITDA to net interest expenses be no less than 2:1, a restricted cash requirement and that the ratio of net total indebtedness to the total assets of the Partnership adjusted for the market value of the fleet not exceed 0.75:1. In addition, the Bonds require that:

· we maintain a pledged (DSRA) with a minimum balance €100,000;

· we deposit to the DSRA 50% of any cash disbursements to unitholders (e.g., dividends) exceeding $20,000 per annum, capped at 1/3 of the par value of the Bonds outstanding at the time; and

· if our MVAN falls below $300,000 then to deposit to the DSRA the difference between the MVAN and the $300,000 (capped to 1/3 of the par value of the Bonds outstanding).

8. Long-Term Debt – Continued

· For the year 2020

“ICBCFL” (ix),(x),(xi)

On May 27, 2020 the Partnership drew down the total amount of $155,350 pursuant to three separate agreements entered into in May 2020 with ICBC Financial Leasing Co., Ltd. (“ICBCFL”), for the sale and lease back of three vessels previously under the 2017 credit facility (the “Re-financing”), namely the M/V Akadimos, the M/V Adonis and the M/V CMA CGM Magdalena, and fully repaid the then outstanding balance relating to these three vessels under the 2017 credit facility amounting to $116,515. The leases have a duration of seven years. Following the sale of the M/V CMA CGM Magdalena and the M/V Adonis, in May and December 2021, respectively, the Partnership fully repaid the amount of $96,205 related to the two of the three ICBCFL.



“2020 CMBFL”(vii),(viii)

On January 20, 2020, the Partnership entered into two separate agreements for the sale and lease back of the vessels M/V Athos and M/V Aristomenis (Note 6) with CMBFL for up to $38,500 each and have a duration of five years. The full amounts were drawn down on January 23, 2020.

“2020 credit facility” (ii)

On January 17, 2020 the Partnership entered into a new term loan facility of up to $38,500, for the purpose of partially financing the acquisition of the shares of the company owning the M/V Athenian (Note 6). The full amount of the facility was drawn on January 22, 2020 and has a duration of five years.

All the Partnership’s sale and leaseback agreements were classified as financing arrangements since the existence of various purchase options retained by the Partnership commencing from the first-year anniversary and including either an obligation or an option to acquire each vessel at expiration at a predetermined price, precludes the transfer of control over the vessels.

During the years ended December 31, 2021 and 2020 the Partnership repaid the amount of $49,266 and $37,058, respectively, in line with the amortization schedule of its credit facilities and financing arrangements.

The Partnership’s credit facilities and sale and lease back agreements contain customary ship finance covenants, including restrictions on changes in management and ownership of the mortgaged vessels, the incurrence of additional indebtedness and the mortgaging of vessels and requirements such as that the ratio of EBITDA to net interest expenses be no less than 2:1, a minimum cash requirement of $500 per vessel, that the ratio of net total indebtedness to the total assets of the Partnership adjusted for the market value of the fleet not exceed 0.75:1. The Partnership’s credit facilities and financing arrangements also contain a collateral maintenance requirement under which the aggregate fair market value of the collateral vessels should not be less than 125% of the outstanding amounts under the 2017 credit facility, the ICBCFL and the 2020 credit facility, 120% of the outstanding amount under the 2020 CMBFL, 2021 CMBFL-Panamax and 2021 credit facility, 110% of the outstanding amount under the 2021 CMBFL-LNG/C and 111% of the outstanding amount under the 2021 Bocomm. Also, the vessel-owning companies may pay dividends or make distributions only 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, 2021, and 2020 the Partnership was in compliance with all financial covenants.

The credit facilities and financing arrangements include a general assignment of the earnings, insurances and requisition compensation of the respective collateral vessel or vessels. They also require additional security, such as pledge and charge on current accounts and mortgage interest insurance.

As of December 31, 2021, there were no undrawn amounts under the Partnership’s credit facilities and financing arrangements.

For the years ended December 31, 2021, 2020 and 2019, the Partnership recorded interest expense from continuing operations of $16,586, $13,761 and $15,836 respectively, which is included in “Interest expense and finance cost” in the consolidated statements of comprehensive income / (loss). For the years ended December 31, 2021, 2020 and 2019 the weighted average interest on the Partnership’s long-term debt was 2.9%, 3.6% and 5.7% respectively.



8. Long-Term Debt – Continued

The required annual payments to be made subsequently to December 31, 2021 are as follows:

For the year ending December 31,
Amount

2022 $ 100,144

2023 163,328

2024 66,217

2025 124,001

2026 243,402

Thereafter 620,335

Total $

1,317,427

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Financial Instruments

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

9. Financial Instruments

(a) Fair value of financial instruments

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; and

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

The carrying value of cash and cash equivalents and restricted cash, are considered Level 1 items as they represent liquid assets with short-term maturities, trade receivables, amounts due to related parties, trade accounts payable and accrued liabilities approximate their fair value.

The fair value of variable rate long-term debt (Note 8) approximates the recorded value, due to its 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, 2021. LIBOR rates are observable at commonly quoted intervals for the full term of the loans and hence bank loans are considered Level 2 items in accordance with the fair value hierarchy.

The fair value of the fixed rate long term debt (Note 8-(iii),(iv),(v) and (xix)) was approximately $158,290 and was determined by using Level 2 inputs being the discounted expected cash flows of the outstanding amount.

The Bonds have a fixed rate, and their estimated fair values as of December 31, 2021 were determined through Level 1 inputs of the fair value hierarchy (quoted price under the ticker symbol CPLPB1 on Athens Stock Exchange) and were approximately $171,292.

There were no Level 3 items.

9. Financial Instruments - Continued

Derivative instruments

In connection with the issuance of the Bonds (Note 8), the Partnership entered into certain cross-currency swap agreements to manage the related foreign currency exchange risk by effectively converting the fixed-rate, Euro-denominated Bonds, including the semi-annual interest payments for the period from October 21, 2021 to October 21, 2025 to fixed-rate, U.S. Dollar-denominated debt. The economic effect of the swap agreements is to eliminate the uncertainty of the cash flows in U.S. Dollars associated with the issuance of the Bonds by fixing the principal amount of the Bonds, with a fixed annual interest rate. The cross-currency swap agreements were not designated as accounting hedges.

Derivative instruments not designated as hedges are not speculative and are used to manage the Partnership’s exposure to identified risks but do not meet the strict hedge accounting requirements and/or the Partnership has not elected to apply hedge accounting. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in the consolidated statements of comprehensive income / (loss).

The following table summarizes the terms of the cross-currency swap agreements and their respective fair value as of December 31, 2021.

Derivative Assets/(Liabilities):

Effective Date Termination Date Notional Amount in EURO Notional Amount in United States Dollars Fixed Rate the Partnership receives in EURO Fixed Rate the Partnership pays in United States Dollars Fair Value December 31, 2021 in United States Dollars

21/10/2021 21/10/2025 120,000 139,716 2.65% 3.655% (2,552)

21/10/2021 21/10/2025 30,000 34,929 2.65% 3.690% (615)

Total Fair Value (3,167)

The fair value of the cross-currency swap agreements is presented net of accrued interest expense which is recorded in Accrued liabilities in the consolidated balance sheets.

During the year ended December 31, 2021 the Partnership recognized loss on derivatives amounting $3,167 in Other income / (expense) in the consolidated statements of comprehensive income / (loss).

Items Measured at Fair Value on a recurring Basis - Fair Value Measurements

Quoted prices in active markets for identical assets

Significant other

Observable

inputs

Unobservable

Inputs

Recurring Measurements 2021:

Level 1

Level 2

Level 3

Loss

Cross Currency SWAPs

—

3,167

—

3,167

The fair value (Level 2) of cross-currency swap derivative agreements is the present value of the estimated future cash flows

that we would receive or pay to terminate the agreements at the balance sheet date, taking into account, as applicable, current interest rates, foreign exchange rates and the credit worthiness of both us and the derivative counterparty. This line item is presented in Derivative liabilities in the consolidated balance sheets.

(b) Concentration of credit risk

Financial instruments which potentially subject the Partnership to significant concentrations of credit risk consist principally of cash and cash equivalents and trade accounts receivable. The Partnership places its cash and cash equivalents, consisting mostly of deposits, with a limited number creditworthy financial institutions rated by qualified rating agencies. Most of the Partnership’s revenues were derived from a few charterers.

Accrued Liabilities

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Accrued Liabilities

10. Accrued Liabilities

Accrued liabilities consist of the following: Accrued liabilities (Table)

As of December 31,

2021 2020

Accrued loan interest and loan fees $ 3,355 $ 1,817

Accrued operating expenses 4,076 4,953

Accrued capitalized expenses 371 1,350

Accrued voyage expenses and commissions 2,472 1,577

Accrued general and administrative expenses 1,121 992

Total $ 11,395 $ 10,689

Voyage Expenses and Vessel Operating Expenses

12 Months Ended

Dec. 31, 2021

Voyage Expenses And Vessel Operating Expenses

Voyage Expenses and Vessel Operating Expenses

11. Voyage Expenses and Vessel Operating Expenses

Voyage expenses and vessel operating expenses consist of the following:


		For the years ended December 31,
		2021		2020		2019
Voyage expenses:
Commissions	$	4,278	$	2,809	$	1,952
Bunkers		4,204		1,349		89
Port expenses		1,633		624		4
Other		583		1,519		885
Total	$	10,698	$	6,301	$	2,930
Vessel operating expenses:
Crew costs and related costs	$	22,575	$	16,624	$	13,375
Insurance expense		4,029		2,388		1,796
Spares, repairs, maintenance and other expenses		6,784		8,836		5,001
Stores and lubricants		5,288		4,593		3,251
Management fees (Note 5)		6,295		4,976		3,917
Other operating expenses		2,151		1,304		3,209
Total	$	47,122	$	38,721	$	30,549

Income Taxes

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

12. Income Taxes

Under the laws of the Marshall Islands and Liberia, the countries 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, and such taxes have been included in “Vessel operating expenses” in the consolidated statements of comprehensive income / (loss).

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 and time 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”). Each of the jurisdictions where the Partnership’s vessel-owning subsidiaries are incorporated 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, 2021, 2020 and 2019 and the vessel-owning subsidiaries are exempt from United States federal income taxation with respect to U.S.-source shipping income.

CPLP PLC is incorporated in Cyprus and does not conduct any substantive operations of its own. No provision for Cyprus income tax has been made in the financial statements as CPLP PLC had no assessable income for the period from August 14, 2021 (inception) to December 31, 2021.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Partners’ Capital

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Partners’ Capital

13. Partners’ Capital

General: The Partnership’s Limited Partnership Agreement (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 be distributed to unit holders.

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 unit holders 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 subject to certain exceptions set forth in the Partnership Agreement.

General Partner Interest and IDRs: The general partner has a 1.77% interest in the Partnership (excluding treasury units) and holds the IDRs. 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 general partner interest.

IDRs 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. According to the Partnership Agreement, as amended in 2014, the following table illustrates the percentage allocations of the additional available cash from operating surplus among the unit holders 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 unit holders 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 per Unit,” until available cash from operating surplus the Partnership distributes reaches the next target distribution level, if any. The percentage interests shown for the unit holders and general partner for the minimum quarterly distribution are also applicable to quarterly distribution amounts that are less than the minimum quarterly distribution. The percentage interests shown below assume that the Partnership’s general partner maintains a 2% general partner interest and that it has not transferred its IDR.

	Total Quarterly	Marginal Percentage Interest in Distributions
	Distribution Target Amount per Unit	Unitholders	General Partner
Minimum Quarterly Distribution	$1.6275	98 %	2 %
First Target Distribution	up to $1.6975	98 %	2 %
Second Target Distribution	above $1.6975 up to $1.8725	85 %	15 %
Third Target Distribution	above $1.8725 up to $2.0475	75 %	25 %
Thereafter	above $2.0475	65 %	35 %

Following the 2014’s annual general meeting, CGP unilaterally notified the Partnership that it has decided to waive its rights to receive quarterly incentive distributions between $1.6975 and $1.75. This waiver effectively increases the First Target Distribution and the lower band of the Second Target Distribution (as referenced in the table above) from $1.6975 to $1.75.

13. Partners’ Capital - Continued

Distributions of Available Cash from Operating Surplus: Our Partnership Agreement requires that we make distributions of available cash from operating surplus for any quarter after the subordination period in the following manner assuming that the Partnership’s general partner maintains a 2% general partner interest:

• first, 98% to all unit holders, pro rata, and 2% 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.

Common Units

On September 3, 2021, the Partnership issued 1,153,846 common units as part of the consideration for the acquisition of the LNG/C Aristos I and the LNG/C Aristarchos (Notes 5, 6).

On January 25, 2021, the Partnership’s Board of Directors approved a unit repurchase plan for an amount of $30,000 to be used for repurchasing the Partnership’s common units over the period of up to two years (the ‘repurchase plan’). The Partnership may repurchase these units in the open market or in privately negotiated transactions, at times and prices that are considered to be appropriate by the Partnership. For the year ended December 31, 2021, the Partnership completed the repurchase of 382,250 units paying an average price per unit of $11.74 plus repurchasing expenses. These units are held as treasury units by the Partnership and the amount of $4,499 is recorded as a reduction in the Partnership’s Partners’ Capital.

During 2020, the Partnership issued the 445,000 units awarded in 2019 under its Omnibus Incentive Compensation Plan (Note 14).

On March 3, 2019 the board of directors of the Partnership approved a one for seven reverse unit split. Pursuant to the reverse split, every seven common units issued and outstanding as of March 27, 2019, the date of the reverse split, was converted into one common unit. The Partnership’s common units, immediately after the reverse split became effective, started trading on a split-adjusted basis on the Nasdaq Global Select Market.

The reverse split reduced the number of common units issued and outstanding from 127,246,692 to 18,178,100 common units and the number of general partner units issued and outstanding from 2,439,989 to 348,570 general partner units.

As of December 31, 2021 and 2020 our partners’ capital included the following units:

As of December 31, 2021 As of December 31, 2020

Common units 19,394,696 18,623,100

General partner units 348,570 348,570

Treasury Units 382,250
—

Total partnership units 20,125,516 18,971,670

Omnibus Incentive Compensation Plan

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Omnibus Incentive Compensation Plan

14. Omnibus Incentive Compensation Plan

On July 23, 2019, the board of directors adopted an amended and restated Plan (“the 2019 amended plan”), so as to reserve for issuance a maximum number of 740,000 restricted common units. On July 23, 2019, the Partnership awarded 445,000 unvested units to Employees and Non-Employees with a grant-date fair value of $11.23 per unit. Awards granted to certain Employees and Non-Employees would vest in three equal installments. As of December 31, 2021 all the awards have vested.

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

There were no forfeitures of awards during the years ended December 31, 2021 and 2020. The Partnership estimated the forfeitures of unvested units to be immaterial.

14. Omnibus Incentive Compensation Plan - Continued

For the years ended December 31, 2021, 2020 and 2019 the equity compensation expense included in “General and administrative expenses” in the consolidated statements of comprehensive income / (loss) was $2,043, $2,049 and $907, respectively. As of December 31, 2021 there was no compensation cost related to non-vested awards. The Partnership uses the straight-line method to recognize the cost of the awards.

The following table contains details of our plan:

	Equity compensation plan
Unvested Units	Units		Amount
Unvested on January 1, 2020	428,958	$	4,817
Vested	(16,042)		(180)
Unvested on December 31, 2020	412,916		4,637
Vested	(412,916)		(4,637)
Unvested on December 31, 2021	—	$	—

Net Income from continuing operations Per Unit

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Net Income from continuing operations Per Unit

15. Net Income from continuing operations 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 13), 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.

The Partnership also considers whether the Partnership Agreement contains any contractual limitations concerning distributions to the IDRs that would impact the amount of earnings to allocate to the IDRs for each reporting period.

Under the Partnership Agreement, the holder of the IDRs 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 13). The Partnership excluded the effect of the 12,983,333 Class B Convertible Preferred Units in calculating dilutive EPU for the year ended December 31, 2019, as they were anti-dilutive.

For the year ended December 31, 2021, the Partnership excluded the effect of 412,916 units under the 2019 amended plan, which vested on December 31, 2021, as they were anti-dilutive. For the years ended December 31, 2020 and 2019, the Partnership excluded the effect of 412,916 and 428,958, respectively, unvested units under the omnibus incentive compensation plan in calculating dilutive EPU for its common unit holders as they were anti-dilutive.

The non-vested units were participating securities because they received distributions from the Partnership and these distributions did not have to be returned to the Partnership if the non-vested units were forfeited by the grantee.

The Partnership’s net income for the years ended December 31, 2021, 2020 and 2019 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.

15. Net Income from continuing operations Per Unit - Continued

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

BASIC AND DILUTED 2021 2020 2019

Numerators

Partnership’s net income from continuing operations $     98,178 $    30,367 $ 24,421

Less:

Preferred unit holders’ interest in Partnership’s net income from continuing operations — — 2,652

Deemed dividend to preferred unit holders’ — — 9,119

General Partner’s interest in Partnership’s net income from continuing operations 1,790 558 236

Partnership’s net income from continuing operations allocable to unvested units 2,053 685 130

Common unit holders’ interest in Partnership’s net income from continuing operations $         94,335 $     29,124 $ 12,284

Denominators

Weighted average number of common units outstanding, basic and diluted 18,342,413 18,194,186 18,178,144

Net income from continuing operations per common unit:

Basic and Diluted $    5.14 $         1.60 $    0.68

Commitments and Contingencies

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

16. Commitments and Contingencies

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 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.

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.

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.

16. Commitments and Contingencies - Continued

Commitments

(a) Lease Commitments: Future minimum charter hire receipts, excluding any profit share revenue that may arise, based on non-cancellable long-term time charter contracts, as of December 31, 2021 were:

Year ending December 31,

Amount

2022 279,257

2023 277,263

2024 212,884

2025 100,923

2026 27,169

Total 897,496

Subsequent Events

12 Months Ended

Dec. 31, 2021

Subsequent Events [Abstract]

Subsequent Events

17. Subsequent Events

(a) Dividends: On January 24, 2022, the board of directors of the Partnership declared a cash distribution of $0.15 per common unit for the fourth quarter of 2021. The fourth quarter common unit cash distribution was paid on February 10, 2022, to unit holders of record on February 3, 2022.

(b) Omnibus Incentive Compensation Plan: In January 2022, the board of directors adopted an amended and restated Compensation Plan, so as to reserve for issuance a maximum number of 750,000 restricted common units. As a result the total number of restricted common units reserved is 1,045,000.

(c) Uncertainties caused by the Russo-Ukrainian War: The recent conflict between Russia and Ukraine may lead to further regional and international conflicts or armed action. It is possible that such conflict could disrupt supply chains and cause instability in the global economy. Additionally, the ongoing conflict could result in the imposition of further economic sanctions by the United States and the European Union against Russia. While much uncertainty remains regarding the global impact of the conflict in Ukraine, it is possible that such tensions could adversely affect our business, financial condition, results of operation and cash flows.

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2021
Accounting Policies [Abstract]
Principles of Consolidation	*(a)* Principles of Consolidation: The 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.
Use of Estimates	*(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.
Accounting for Revenue, Voyage and Operating Expenses	*(c) 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 or voyage charters. Time charters contracts 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 in advance. A time charter generally provides typical warranties and owner protective restrictions. The performance obligations in a time charter are satisfied over the term of the contract beginning when the vessel is delivered to the charterer until it is redelivered back to the owner of the vessel. The time charter contracts are considered operating leases because (i) the vessel is an identifiable asset (ii) the owner of the vessel does not have substantive substitution rights and (iii) the charterer has the right to control the use of the vessel during the term of the contract and derives the economic benefits from such use. Revenues from time charters are recognized ratably on a straight-line basis over the period of the respective charter. Under time charter agreements, all voyage expenses, except commissions are assumed by the charterer. Operating costs incurred for running the vessel such as crew costs, vessel insurance, repairs and maintenance and lubricants are paid by the Partnership under time charter agreements. Voyage charters contracts A voyage charter is a contract in which the vessel owner undertakes to transport a specific amount and type of cargo on a load port-to-discharge port basis, subject to various cargo handling terms. The Partnership accounts for a voyage charter when all the following criteria are met: (1) the parties to the contract have approved the contract in the form of a written charter agreement and are committed to perform their respective obligations, (2) the Partnership can identify each party’s rights regarding the services to be transferred, (3) the Partnership can identify the payment terms for the services to be transferred, (4) the charter agreement has commercial substance (that is, the risk, timing, or amount of the Partnership’s future cash flows is expected to change as a result of the contract) and (5) it is probable that the Partnership will collect substantially all of the consideration to which it will be entitled in exchange for the services that will be transferred to the charterer. The Partnership determined that its voyage charters consist of a single performance obligation which is met evenly as the voyage progresses and begin to be satisfied once the vessel is ready to load the cargo. The voyage charter party agreement generally has a demurrage/dispatch clause according to which in the case of demurrage, the charterer reimburses the vessel owner for any potential delays exceeding the allowed lay time as per the charter party clause at the ports visited which is recorded as demurrage revenue. In the case of dispatch, the owner reimburses the charterer for the earlier discharging of the cargo from the agreed time. Demurrage/dispatch revenues are recognized starting from the point that is determined that the amount can be estimated, and its collection/payment is probable and on a straight-line basis until the end of the voyage. Revenues from voyage charters are recognized on a straight-line basis over the voyage duration which commences once the vessel is ready to load the cargo and terminates upon the completion of the discharge of the cargo. Under Accounting Standards Codification (“ASC”) 606, receivables represent an entity’s unconditional right to consideration, whether billed or unbilled In voyage charters, vessel operating, and voyage expenses are paid for by the Partnership. The voyage charters are considered service contracts which fall under the provisions of ASC 606 because the Partnership retains control over the operations of the vessels such as the routes taken or the vessels’ speed. Payment terms under voyage charters are disclosed in the relevant voyage charter agreements and generally have standard payment terms of 90% to 95% of the freight which is paid within three days after the completion of the vessel’s loading. 2. Significant Accounting Policies – Continued (c) Accounting for Revenue, Voyage and Operating Expenses - Continued: Vessel voyage expenses are direct expenses to voyage revenues and primarily consist of brokerage commissions, port expenses, canal dues and bunkers. Brokerage commissions are paid to shipbrokers for their time and efforts for negotiating and arranging charter party agreements on behalf of the Partnership and are expensed over the related charter period. All other voyage expenses are expensed as incurred, except for expenses during the ballast portion of the voyage (period between the contract date and the date of the vessel’s arrival to the load port). Any expenses incurred during the ballast portion of the voyage such as bunker expenses, canal tolls and port expenses are deferred and are recognized on a straight-line basis, in voyage expenses, over the voyage duration as the Partnership satisfies the performance obligations under the contract provided these costs are (1) incurred to fulfill a contract that we can specifically identify, (2) able to generate or enhance resources of the company that will be used to satisfy performance of the terms of the contract, and (3) expected to be recovered from the charterer. These costs are considered ‘contract fulfillment costs’ and are included in ‘prepayments and other assets’ in the consolidated balance sheets. Vessel operating expenses presented in the consolidated financial statements mainly consist of management fees payable to the Partnership’s managers and crew, repairs and maintenance, insurance, stores, spares, lubricants, and other operating expenses. Vessel operating expenses are expensed as incurred.
Foreign Currency Transactions	*(d) 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 / (expense)” in the consolidated statements of comprehensive income / (loss).
Cash and Cash Equivalents	*(e) 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.
Restricted cash	*(f) Restricted cash*: For the Partnership to comply with debt covenants under its credit facilities and financing arrangements, it must maintain minimum cash deposits. Such deposits are considered by the Partnership to be restricted cash.
Trade Accounts Receivable	*(g) Trade Accounts Receivable:* The amount shown as trade accounts receivable primarily consists of earned revenue that has not been billed yet or that has been billed but has not yet been collected. At each balance sheet date all potentially uncollectible accounts are assessed individually for purposes of determining the appropriate write off. For the year ended December 31, 2021, and 2020 the respective write off amounted to $113 and $174, respectively.
Inventories	*(h) Inventories:* Inventories consist of consumable bunkers, lubricants, spares and stores and are stated at the lower of cost and net realizable value. Net realizable value is the estimated selling prices less reasonably predictable costs of disposal and transportation. The cost is determined by the first-in, first-out method.
Vessels Held for Sale	*(i) Vessels Held for Sale:* The Partnership classifies vessels as being held for sale when the following criteria are met: (i) management is committed to sell the asset; (ii) the asset is available for immediate sale in its present condition; (iii) an active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated; (iv) the sale of the asset is probable, and transfer of the asset is expected to qualify for recognition as a completed sale within one year; (v) the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Vessels classified as held for sale are measured at the lower of their carrying amount or fair value less costs to sell. These vessels are not depreciated once they meet the criteria to be classified as held for sale. If a plan to sell a vessel is cancelled, the Partnership reclassifies the vessel as held for use and re-measures it at the lower of (i) its carrying amount before the vessel was classified as held for sale, adjusted for any depreciation expense that would have been recognized if the vessel had been continuously classified as held and used and (ii) its fair value at the date of the subsequent decision not to sell. 2. Significant Accounting Policies – Continued
Fixed Assets	*(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, any material expenses incurred during its construction (improvements and delivery expenses, on-site supervision costs incurred during the construction periods, as well as capitalized interest expense during the construction period). Certain subsequent expenditures for major improvements and regulatory requirements are also capitalized if it is determined that they appreciably extend the life, increase the earning capacity or improve the efficiency or safety of the vessels. Vessels acquired through acquisition of businesses are recorded at their acquisition date fair values. Vessels acquired through asset acquisitions are recorded at cost. 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 for the container carrier and bulk carrier vessels and 35 years for the LNG/C vessels.
Impairment of Vessels	*(k) Impairment of Vessels:* An impairment loss on vessels is recognized when indicators of impairment are present and the carrying amount of the vessel is greater than its fair value and is determined not to be recoverable. In determining future benefits derived from use of the vessels, the Partnership performs an analysis of the anticipated undiscounted future net cash flows of the related vessel. If the carrying value of the asset, including any related intangible assets and liabilities, 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. The Partnership has performed an undiscounted cash flow test as of December 31, 2021, and 2020, determining undiscounted projected net operating cash flows for each vessel an indication for impairment was present and compared them to the carrying amount of the vessels, and any related intangible assets and liabilities. In developing estimates of future cash flows, the Partnership made assumptions about future charter rates, utilization rates, vessel operating expenses, future dry-docking costs, the estimated remaining useful life of the vessels and their estimated residual value. 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 vessels held for use and their related intangible assets and liabilities were not impaired as of December 31, 2021, and 2020.
Deferred charges, net	*(l) Deferred charges, net:* 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. 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.
Intangible assets	*(m) Intangible assets:* The Partnership records all identified tangible and intangible assets or any liabilities associated with the acquisition of a business or an asset at fair value. When a vessel or a business that owns a vessel is acquired with an existing charter agreement, the Partnership considers whether any value should be assigned to the attached charter agreement acquired. The value to be assigned to the charter agreement is based on the difference of the contractual charter rate of the agreement acquired and the prevailing market rate for a charter of equivalent duration at the time of the acquisition, determined by independent appraisers as at that date. The resulting above-market (assets) or below-market (liabilities) charters are amortized using the straight-line method as a reduction or increase, respectively, to revenues over the remaining term of the charters (Note 7).
Net Income Per Limited Partner Unit	*(n) 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 (“IDR”)) and net income allocable to unvested units, by the weighted-average number of common units outstanding during the period (Note 15). 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.
Segment Reporting	*(o) 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. 2. Significant Accounting Policies – Continued
Omnibus Incentive Compensation Plan	*(p) 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 / (loss). 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 (Note 14).
Treasury stock	(q) Treasury stock:The Partnership records the repurchase of its common units at cost based on the settlement dates of repurchase transactions. These units are classified as treasury units, which is a reduction to partners’ capital. Treasury units are included in authorized and issued units but excluded from outstanding units (Note 13).
Derivative Instruments	(r) *Derivative Instruments:* The Partnership from time to time may enter into derivative instruments to hedge its exposure to foreign exchange or interest rate risks arising from operational, financing and investment activities. Derivatives are initially measured at fair value; attributable transaction costs are expensed as incurred. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Partnership has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply, or the Company elects not to apply hedge accounting.
Recent Accounting Pronouncements	*(s) Recent Accounting Pronouncements:* On January 7, 2021, The Financial Accounting Standards Board issued the Accounting Standards Update (“ASU”) No. 2021-01—Reference Rate Reform (Topic 848). The amendments in this Update clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivative instruments that use an interest rate for margining, discounting, or contract price alignment that is modified as a result of reference rate reform. Amendments in this Update to the expedients and exceptions in Topic 848 capture the incremental consequences of the scope clarification and tailor the existing guidance to derivative instruments affected by the discounting transition. This ASU is effective for adoption at any time between January 7, 2021 and December 31, 2022. The Partnership is currently evaluating the impact of this adoption in its consolidated financial statements and related disclosures.

Basis of Presentation and General Information (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and General Information - List of Subsidiaries (Table)

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Discontinued operations (Table)

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details

Revenues from Continuing Operations (Tables)

12 Months Ended

Dec. 31, 2021

Revenues From Continuing Operations

Revenues from continuing operations - Disaggregation of revenue (Table)

The following table shows the revenues from continuing operations earned from time and voyage charters contracts for the years ended December 31, 2021, 2020 and 2019:

	For the years ended December 31,
	2021		2020		2019
Time charters (operating leases)	$	171,134	$	137,893	$	108,374
Voyage charters	$	13,531	$	2,972	$	—
Total	$	184,665	$	140,865	$	108,374

Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2021

Transactions with Related Parties - Consolidated Balance Sheets (Table)

Consolidated Balance Sheets	As of		As of
Consolidated Balance Sheets	December 31, 2021		December 31, 2020
Liabilities:
CSM – payments on behalf of the Partnership (a)	$	92	$	1,040
Management fee payable to CSM (b)		25		25
Capital-Executive – payments on behalf of the Partnership (a)		1,188		1,765
Management fee payable to Capital-Executive (b)		417		427
Capital-Gas – payments on behalf of the Partnership (a)		721		—
Management fee payable to Capital-Gas (b)		342		—
Due to related parties	$	2,785	$	3,257

Transactions with Related Parties - Consolidated Statements of Comprehensive Income / (Loss) (Table)

Consolidated Statements of Comprehensive Income / (Loss)	For the years ended December 31,
	2021		2020		2019
Vessel operating expenses	$	5,923	$	4,976	$	3,917
General and administrative expenses (c)		2,013		2,049		2,146

Vessels, net (Tables)

12 Months Ended

Dec. 31, 2021

Vessels Net

Vessels, net (Table)

	Vessel cost		Accumulated depreciation		Net book value
Balance as at January 1, 2020	$	748,819	$	(171,928)	$	576,891
Vessel acquisitions		162,600		—		162,600
Improvements		11,601		—		11,601
Depreciation for the year		—		(38,895)		(38,895)
Balance as at December 31, 2020	$	923,020	$	(210,823)	$	712,197
Vessel acquisitions		1,256,858		—		1,256,858
Vessel disposals		(180,358)		36,123		(144,235)
Improvements		374		—		374
Depreciation for the year		—		(43,336)		(43,336)
Balance as at December 31, 2021	$	1,999,894	$	(218,036)	$	1,781,858

Vessels, net - Disposals (Table)

		M/V CMA CGM Magdalena		M/V Adonis		Total
Sale price	$	99,000	$	96,000	$	195,000
Carrying value on sale		(71,598)		(72,637)		(144,235)
Other sale expenses		(2,018)		(1,935)		(3,953)
Gain on sale	$	25,384	$	21,428	$	46,812

Above / Below market acquired charters (Tables)

12 Months Ended

Dec. 31, 2021

Above Below Market Acquired Charters

Above / below market acquired time charters (Table)

The following table presents an analysis of above / below market acquired charters:

		Above market acquired charters		Below market acquired charters
Carrying amount as at January 1, 2020	$	46,275	$	—
Amortization		(11,696)		—
Carrying amount as at December 31, 2021	$	34,579	$	—
Additions		23,975		(17,305)
(Amortization) / accretion		(9,949)		2,662
Carrying amount as at December 31, 2021	$	48,605	$	(14,643)

Above / below market acquired time charters - Amortization Schedule (Table)

As of December 31, 2021, the remaining carrying amount of unamortized above / below market acquired time charters will be amortized / accreted in future years as follows:

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Long-Term Debt - Bank Loans (Table)

			As of December 31, 2021		As of December 31, 2020	Margin
	*Credit facilities*
(i)	Issued in September 2017 maturing in October 2023 (the “2017 credit facility”)	$	106,047	$	122,324	3.25%
(ii)	Issued in January 2020 maturing in January 2025 (the “2020 credit facility”)		32,480		35,920	2.55%
(iii)	Issued in January 2021 maturing in February 2026 (the “CMTC Seller’s Credit”)		6,000		—	5.00%
(iv)	Issued in August 2021 maturing in September 2022 (the “CGC Seller’s Credit”)		5,000		—	—
(v)	Issued in August 2021 maturing in September 2022 (the “CGC Seller’s Credit”)		5,000		—	—
(vi)	Assumed in December 2021 maturing in December 2027 (the “2021 credit facility”)		120,566		—	2.50%
	*Sale and lease back agreements*
(vii)	Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”)		32,900		36,100	2.55%
(viii)	Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”)		32,900		36,100	2.55%
(ix)	Issued in May 2020 maturing in May 2027 (the “ICBCFL”)		45,660		49,324	2.60%
(x)	Issued in May 2020 fully repaid in May 2021 (the “ICBCFL”)		—		50,570	2.60%
(xi)	Issued in May 2020 fully repaid in December 2021 (the “ICBCFL”)		—		49,324	2.60%
(xii)	Issued in January 2021 maturing in February 2026 (the “2021 CMBFL- Panamax”)		9,184		—	2.85%
(xiii)	Issued in January 2021 maturing in February 2026 (the “2021 CMBFL-Panamax”)		9,184		—	2.85%
(xiv)	Issued in January 2021 maturing in February 2026 (the “2021 CMBFL- Panamax”)		9,184		—	2.85%
(xv)	Assumed in September 2021 maturing in October 2027 (the “2021 Bocomm”)		144,744		—	2.70%
(xvi)	Assumed in September 2021 maturing in May 2028 (the “2021 Bocomm”)		151,299		—	2.70%
(xvii)	Assumed in November 2021 maturing in August 2028 (the “2021 CMBFL-LNG/C”)		146,315		—	2.55%
(xviii)	Assumed in November 2021 maturing in September 2028 (the “2021 CMBFL-LNG/C”)		147,493		—	2.55%
(xix)	Assumed in November 2021 maturing in July 2036 (the “2021 Shin Doun”)		142,609		—	—^*
	*Unsecured Bonds*
(xx)	Issued in October 2021 maturing in October 2026		170,862		—	2.65%

	Total long-term debt		1,317,427		379,662
	Less: Deferred loan and financing arrangements issuance costs		8,453		5,338
	Total long-term debt, net		1,308,974		374,324
	Less: Current portion of long-term debt		100,144		37,210
	Add: Current portion of deferred loan and financing arrangements issuance costs		2,265		1,400
	Long-term debt, net	$	1,211,095	$	338,514

-It is being repaid at the rate of $31 per day including interest.

Long-Term Debt - Required Annual Loan Payments (Table)

The required annual payments to be made subsequently to December 31, 2021 are as follows:

For the year ending December 31,		Amount
2022	$	100,144
2023		163,328
2024		66,217
2025		124,001
2026		243,402
Thereafter		620,335
Total	$	1,317,427

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments - Schedule of Derivative Liabilities at Fair value (Table)

Derivative Assets/(Liabilities):

Financial Instruments - Fair value measurements on a recurring basis (Table)

Items Measured at Fair Value on a recurring Basis - Fair Value Measurements

Quoted prices in active markets for identical assets

Significant other

Observable

inputs

Unobservable

Inputs

Recurring Measurements 2021:

Level 1

Level 2

Level 3

Loss

Cross Currency SWAPs

—

3,167

—

3,167

Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Accrued liabilities (Table)

Accrued liabilities consist of the following: Accrued liabilities (Table)

Voyage Expenses and Vessel Operating Expenses (Tables)

12 Months Ended

Dec. 31, 2021

Voyage Expenses And Vessel Operating Expenses

Voyage expenses and vessel operating expenses (Table)

Voyage expenses and vessel operating expenses consist of the following:


		For the years ended December 31,
		2021		2020		2019
Voyage expenses:
Commissions	$	4,278	$	2,809	$	1,952
Bunkers		4,204		1,349		89
Port expenses		1,633		624		4
Other		583		1,519		885
Total	$	10,698	$	6,301	$	2,930
Vessel operating expenses:
Crew costs and related costs	$	22,575	$	16,624	$	13,375
Insurance expense		4,029		2,388		1,796
Spares, repairs, maintenance and other expenses		6,784		8,836		5,001
Stores and lubricants		5,288		4,593		3,251
Management fees (Note 5)		6,295		4,976		3,917
Other operating expenses		2,151		1,304		3,209
Total	$	47,122	$	38,721	$	30,549

Partners’ Capital (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Partners’ Capital - Schedule of Incentive Distributions (Table)

	Total Quarterly	Marginal Percentage Interest in Distributions
	Distribution Target Amount per Unit	Unitholders	General Partner
Minimum Quarterly Distribution	$1.6275	98 %	2 %
First Target Distribution	up to $1.6975	98 %	2 %
Second Target Distribution	above $1.6975 up to $1.8725	85 %	15 %
Third Target Distribution	above $1.8725 up to $2.0475	75 %	25 %
Thereafter	above $2.0475	65 %	35 %

Partners’ Capital - Partnership units (Table)

As of December 31, 2021 and 2020 our partners’ capital included the following units:

	As of December 31, 2021	As of December 31, 2020
Common units	19,394,696	18,623,100
General partner units	348,570	348,570
Treasury Units	382,250	—
Total partnership units	20,125,516	18,971,670

Omnibus Incentive Compensation Plan (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Omnibus Incentive Compensation Plan (Table)

The following table contains details of our plan:

	Equity compensation plan
Unvested Units	Units		Amount
Unvested on January 1, 2020	428,958	$	4,817
Vested	(16,042)		(180)
Unvested on December 31, 2020	412,916		4,637
Vested	(412,916)		(4,637)
Unvested on December 31, 2021	—	$	—

Net Income from continuing operations Per Unit (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Net Income / (Loss) from continuing operations Per Unit - Basic and Diluted (Table)

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

BASIC AND DILUTED		2021		2020		2019
Numerators
Partnership’s net income from continuing operations	$	98,178	$	30,367	$	24,421
Less:
Preferred unit holders’ interest in Partnership’s net income from continuing operations		—		—		2,652
Deemed dividend to preferred unit holders’		—		—		9,119
General Partner’s interest in Partnership’s net income from continuing operations		1,790		558		236
Partnership’s net income from continuing operations allocable to unvested units		2,053		685		130
Common unit holders’ interest in Partnership’s net income from continuing operations	$	94,335	$	29,124	$	12,284
Denominators
Weighted average number of common units outstanding, basic and diluted		18,342,413		18,194,186		18,178,144
Net income from continuing operations per common unit:
Basic and Diluted	$	5.14	$	1.60	$	0.68

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies - Future minimum charter hire receipts

Year ending December 31,		Amount
2022		279,257
2023		277,263
2024		212,884
2025		100,923
2026		27,169
Total		897,496

Basis of Presentation and General Information - List of Subsidiaries (Table) (Details)

12 Months Ended

Dec. 31, 2021

Capital Product Operating L.L.C [Member]

Date of Incorporation

Jan. 16, 2007

Name of Vessel Owned by Subsidiary

Deadweight "DWT"

Date acquired by the Partnership

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

CPLP Shipping Holdings PLC [Member]

Date of Incorporation

Aug. 14, 2021

Name of Vessel Owned by Subsidiary

Deadweight "DWT"

Date acquired by the Partnership

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

CPLP Gas Operating Corp. [Member]

Date of Incorporation

Aug. 24, 2021

Name of Vessel Owned by Subsidiary

Deadweight "DWT"

Date acquired by the Partnership

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Patroklos Marine Corp. [Member]

Date of Incorporation

Jun. 17, 2008

Name of Vessel Owned by Subsidiary

M/V Cape Agamemnon

Deadweight "DWT"

179,221

Date acquired by the Partnership

Jun. 09, 2011

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Jan. 25, 2011

Agamemnon Container Carrier Corp. [Member]

Date of Incorporation

Apr. 19, 2012

Name of Vessel Owned by Subsidiary

M/V Agamemnon

Deadweight "DWT"

108,892

Date acquired by the Partnership

Dec. 22, 2012

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Jun. 28, 2012

Archimidis Container Carrier Corp. [Member]

Date of Incorporation

Apr. 19, 2012

Name of Vessel Owned by Subsidiary

M/V Archimidis

Deadweight "DWT"

108,892

Date acquired by the Partnership

Dec. 22, 2012

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Jun. 22, 2012

Anax Container Carrier S.A. [Member]

Date of Incorporation

Apr. 08, 2011

Name of Vessel Owned by Subsidiary

M/V Hyundai Prestige

Deadweight "DWT"

63,010

Date acquired by the Partnership

Sep. 11, 2013

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Feb. 19, 2013

Hercules Container Carrier S.A. [Member]

Date of Incorporation

Apr. 08, 2011

Name of Vessel Owned by Subsidiary

M/V Hyundai Premium

Deadweight "DWT"

63,010

Date acquired by the Partnership

Mar. 20, 2013

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Mar. 11, 2013

Iason Container Carrier S.A. [Member]

Date of Incorporation

Apr. 08, 2011

Name of Vessel Owned by Subsidiary

M/V Hyundai Paramount

Deadweight "DWT"

63,010

Date acquired by the Partnership

Mar. 27, 2013

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Mar. 27, 2013

Thiseas Container Carrier S.A. [Member]

Date of Incorporation

Apr. 08, 2011

Name of Vessel Owned by Subsidiary

M/V Hyundai Privilege

Deadweight "DWT"

63,010

Date acquired by the Partnership

Sep. 11, 2013

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

May 31, 2013

Cronus Container Carrier S.A. [Member]

Date of Incorporation

Jul. 19, 2011

Name of Vessel Owned by Subsidiary

M/V Hyundai Platinum

Deadweight "DWT"

63,010

Date acquired by the Partnership

Sep. 11, 2013

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Jun. 14, 2013

Dias Container Carrier S.A. [Member]

Date of Incorporation

May 16, 2013

Name of Vessel Owned by Subsidiary

M/V Akadimos (ex CMA CGM Amazon)

Deadweight "DWT"

115,534

Date acquired by the Partnership

Jun. 10, 2015

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Jun. 10, 2015

Poseidon Container Carrier S.A. [Member]

Date of Incorporation

May 16, 2013

^[1]

Name of Vessel Owned by Subsidiary

M/V Adonis (ex CMA CGM Uruguay)(1)

^[1]

Deadweight "DWT"

115,639

^[1]

Date acquired by the Partnership

Sep. 18, 2015

^[1]

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Sep. 18, 2015

^[1]

Atrotos Container Carrier S.A. [Member]

Date of Incorporation

Oct. 25, 2013

^[1]

Name of Vessel Owned by Subsidiary

M/V CMA CGM Magdalena (1)

^[1]

Deadweight "DWT"

115,639

^[1]

Date acquired by the Partnership

Feb. 26, 2016

^[1]

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Feb. 26, 2016

^[1]

Deka Container Carrier S.A. [Member]

Date of Incorporation

Mar. 28, 2017

Name of Vessel Owned by Subsidiary

M/V Athenian

Deadweight "DWT"

118,834

Date acquired by the Partnership

Jan. 22, 2020

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Apr. 28, 2017

Jupiter Container Carrier S.A. [Member]

Date of Incorporation

Mar. 28, 2017

Name of Vessel Owned by Subsidiary

M/V Athos

Deadweight "DWT"

118,888

Date acquired by the Partnership

Jan. 23, 2020

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

May 19, 2017

Nikitis Container Carrier S.A. [Member]

Date of Incorporation

Mar. 28, 2017

Name of Vessel Owned by Subsidiary

M/V Aristomenis

Deadweight "DWT"

118,712

Date acquired by the Partnership

Jan. 23, 2020

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Jun. 27, 2017

Neos Container Carriers Corp. [Member]

Date of Incorporation

Sep. 04, 2020

Name of Vessel Owned by Subsidiary

M/V Long Beach Express

Deadweight "DWT"

68,618

Date acquired by the Partnership

Feb. 25, 2021

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Jan. 07, 2021

Maistros Container Carriers Corp. [Member]

Date of Incorporation

Sep. 04, 2020

Name of Vessel Owned by Subsidiary

M/V Seattle Express

Deadweight "DWT"

68,411

Date acquired by the Partnership

Feb. 25, 2021

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Jan. 07, 2021

Filos Container Carriers Corp. [Member]

Date of Incorporation

Sep. 04, 2020

Name of Vessel Owned by Subsidiary

M/V Fos Express

Deadweight "DWT"

68,579

Date acquired by the Partnership

Feb. 25, 2021

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Jan. 07, 2021

Assos Gas Carrier Corp. [Member]

Date of Incorporation

Jul. 16, 2018

Name of Vessel Owned by Subsidiary

LNG/C Aristos I

Deadweight "DWT"

81,978

Date acquired by the Partnership

Sep. 03, 2021

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Nov. 12, 2020

Dias Gas Carrier Corp. [Member]

Date of Incorporation

Jul. 16, 2018

Name of Vessel Owned by Subsidiary

LNG/C Aristarchos

Deadweight "DWT"

81,956

Date acquired by the Partnership

Sep. 03, 2021

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Jun. 15, 2021

Atrotos Gas Carrier Corp. [Member]

Date of Incorporation

Jul. 16, 2018

Name of Vessel Owned by Subsidiary

LNG/C Aristidis I

Deadweight "DWT"

81,898

Date acquired by the Partnership

Dec. 16, 2021

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Jan. 04, 2021

Poseidon Gas Carrier Corp. [Member]

Date of Incorporation

Jul. 16, 2018

Name of Vessel Owned by Subsidiary

LNG/C Attalos

Deadweight "DWT"

81,850

Date acquired by the Partnership

Nov. 18, 2021

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Aug. 13, 2021

Maximus Gas Carrier Corp. [Member]

Date of Incorporation

Apr. 10, 2019

Name of Vessel Owned by Subsidiary

LNG/C Asklipios

Deadweight "DWT"

81,882

Date acquired by the Partnership

Nov. 18, 2021

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Sep. 29, 2021

Kronos Gas Carrier Corp. [Member]

Date of Incorporation

Feb. 04, 2019

Name of Vessel Owned by Subsidiary

LNG/C Adamastos

Deadweight "DWT"

82,095

Date acquired by the Partnership

Nov. 29, 2021

Date acquired by Capital Maritime & Trading Corp. ("CMTC")

Aug. 23, 2021

[1]	Vessels were disposed in 2021.

Basis of Presentation and General Information (Details Narrative) $ in Thousands	3 Months Ended	7 Months Ended	10 Months Ended	11 Months Ended
	Mar. 27, 2019 USD ($) shares	Aug. 14, 2021	Oct. 20, 2021 USD ($)	Nov. 27, 2018	Dec. 31, 2021	Oct. 20, 2021 EUR (€)
Property, Plant and Equipment [Line Items]
Number of vessels					21
Reverse unit split, description	one for seven reverse unit split
CPLP Shipping Holding PLC [Member]
Property, Plant and Equipment [Line Items]
Date of incorporation		Aug. 14, 2021
Ownership percentage of Partnership		100.00%
CPLP Shipping Holding PLC [Member] \| Unsecured Bonds [Member]
Property, Plant and Equipment [Line Items]
Issuance date			Oct. 20, 2021
Face amount at issuance date			$ 170,862			€ 150,000,000
Name of Stock Exchange			Athens Stock Exchange
Maturity date			October 2026
Fixed interest rate of coupon bond			2.65%
Repayment frequency			semi-annually
Number of vessels partially financed			3			3
Transaction agreement with DSS Holdings L.P. [Member]
Property, Plant and Equipment [Line Items]
Date of transaction agreement				Nov. 27, 2018
Closing date of Transaction agreement	Mar. 27, 2019
Transaction agreement with DSS Holdings L.P. [Member] \| DSS Loan [Member]
Property, Plant and Equipment [Line Items]
Expiration period of line of credit	5 years
Credit facility, maximum borrowing capacity	$ 360,000
Transaction agreement with DSS Holdings L.P. [Member] \| Athena renamed to Diamond S [Member]
Property, Plant and Equipment [Line Items]
Partnership contribution of the Crude and Product tanker business	the Partnership agreed to contribute to Athena the Crude and Product tanker business, associated inventories, $10,000 in cash plus prorated charter hire and net payments received from February 20, 2019 onwards with specific arrangements relating to the funding of working capital
Cash received	$ 10,000
Shares to be distributed \| shares	12,725,000
Neo Panamax Container Carrier Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels					11
Panamax Container Carrier Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels					3
Capesize Bulk Carrier [Member]
Property, Plant and Equipment [Line Items]
Number of vessels					1
X-DF Liquefied Natural Gas Carriers [Member]
Property, Plant and Equipment [Line Items]
Number of vessels					6

Significant Accounting Policies (Details Narrative)	12 Months Ended
Significant Accounting Policies (Details Narrative)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Property, Plant and Equipment [Line Items]
Maximum original maturity of highly liquid investments, in order to be classified as cash and cash equivalents (in months)	3
Write off of doubtful accounts	$ 113	$ 174
Depreciation method	straight-line
Scrap value per light weight ton (LWT)	0.2
Number of reportable segments	1
Minimum [Member]
Property, Plant and Equipment [Line Items]
Interval between vessel drydocking	30
Maximum [Member]
Property, Plant and Equipment [Line Items]
Interval between vessel drydocking	60
Container Carrier and Bulk Carrier Vessels [Member]
Property, Plant and Equipment [Line Items]
Vessels useful life	25 years
LNG/C vessels [Member]
Property, Plant and Equipment [Line Items]
Vessels useful life	35 years

Discontinued operations (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues	$ 184,665	$ 140,865	$ 108,374
Expenses
Voyage expenses	10,698	6,301	2,930
Vessel operating expenses	41,199	33,745	26,632
General and administrative expenses	8,662	7,195	5,502
Vessel depreciation and amortization	46,935	41,405	29,261
Interest expense and finance cost	20,129	16,741	17,036
Other income	247	(135)	1,325
Net loss from discontinued operations	$ 0	$ 0	(146,876)
Discontinued Operations [Member]
Revenues			46,172
Expenses
Voyage expenses			12,655
Vessel operating expenses			15,506
General and administrative expenses			2,564
Vessel depreciation and amortization			9,630
Impairment of vessels			149,578
Interest expense and finance cost			3,174
Other income			(59)
Net loss from discontinued operations			$ (146,876)

Discontinued Operations (Details Narrative) $ in Thousands	Dec. 31, 2019 USD ($)
Vessels part of the Crude and Product tanker business [Member]
Property, Plant and Equipment [Line Items]
Paid advances relating to the purchase of exhaust gas cleaning systems and ballast water treatment systems	$ 1,110

Revenues from continuing operations - Disaggregation of revenue (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues	$ 184,665	$ 140,865	$ 108,374
Time charters (operating leases) [Member]
Revenues	171,134	137,893	108,374
Voyage Charters [Member]
Revenues	$ 13,531	$ 2,972	$ 0

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 22: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

+ Details

Revenues from Continuing Operations (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Unearned revenue	$ 8,919	$ 2,821
Prepaid Expenses and Other Current Assets [Member]
Prepaid Expense and Other Assets, Current	168	80
Performance Obligations [Member]
Unearned revenue	$ 3,010	$ 0
Minimum [Member] \| Twenty Vessels Under Time Charter Agreements [Member]
Remaining tenor of time charter agreements (in years)	0.4
Minimum [Member] \| Thirteen Time Charter Agreements With Extensions In Charterers Option [Member]
Remaining tenor of time charter agreements (in years)	0.4
Maximum [Member] \| Twenty Vessels Under Time Charter Agreements [Member]
Remaining tenor of time charter agreements (in years)	4.7
Maximum [Member] \| Thirteen Time Charter Agreements With Extensions In Charterers Option [Member]
Remaining tenor of time charter agreements (in years)	9.2

Transactions with Related Parties - Consolidated Balance Sheets (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Liabilities:
Due to related parties	$ 2,785	$ 3,257
CSM - payments on behalf of the Partnership (a) [Member]
Liabilities:
Due to related parties	92	1,040
Management fee payable to CSM (b) [Member]
Liabilities:
Due to related parties	25	25
Capital-Executive - payments on behalf of the Partnership (a) [Member]
Liabilities:
Due to related parties	1,188	1,765
Management fee payable to Capital-Executive (b) [Member]
Liabilities:
Due to related parties	417	427
Capital-Gas - payments on behalf of the Partnership (a) [Member]
Liabilities:
Due to related parties	721	0
Management fee payable to Capital-Gas (b) [Member]
Liabilities:
Due to related parties	$ 342	$ 0

Transactions with Related Parties - Consolidated Statements of Comprehensive Income / (Loss) (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Vessel operating expenses	$ 5,923	$ 4,976	$ 3,917
General and administrative expenses (c)	8,662	7,195	5,502
Capital Executive, Capital Gas and or CSM Managers [Member]
Vessel operating expenses	5,923	4,976	3,917
CSM and CGP [Member]
General and administrative expenses (c)	$ 2,013	$ 2,049	$ 2,146

Transactions with Related Parties (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 USD ($)	Sep. 03, 2021 shares	Jan. 27, 2021	Nov. 30, 2020	Jan. 31, 2020	Aug. 31, 2019
Related Party Transaction [Line Items]
Seller's credit agreement	$ 16,000	$ 0	$ 0
Financing arrangements and credit facility assumed in connection with the acquisition of companies owning vessels	$ 866,344	$ 0	0
Common units issued \| shares	19,776,946	18,623,100
Number of vessels	21
Vessel operating expenses	$ 5,923	$ 4,976	3,917
General and administrative expenses	8,662	7,195	5,502
Capital Executive, Capital Gas and or CSM Managers [Member]
Related Party Transaction [Line Items]
Vessel operating expenses	5,923	4,976	3,917
Capital Executive Ship Management Corp. [Member]
Related Party Transaction [Line Items]
Number of vessels change manager						1		10
M/V Athenian, M/V Athos and M/V Aristomenis [Member]
Related Party Transaction [Line Items]
Number of vessels							3
Administrative And Service Agreements [Member]
Related Party Transaction [Line Items]
General and administrative expenses	1,880	$ 1,880	$ 1,880
LNG/C Aristos I and LNG/C Aristarchos [Member]
Related Party Transaction [Line Items]
Seller's credit agreement	10,000
Financing arrangements and credit facility assumed in connection with the acquisition of companies owning vessels	$ 304,355
Common units issued \| shares	1,153,846			1,153,846
LNG/C Attalos, LNG/C Asklipios, LNG/C Adamastos and LNG/C Aristidis I [Member]
Related Party Transaction [Line Items]
Financing arrangements and credit facility assumed in connection with the acquisition of companies owning vessels	$ 561,989
M/V Long Beach Express,M/V Seattle Express and M/V Fos Express [Member]
Related Party Transaction [Line Items]
Seller's credit agreement	$ 6,000
Number of vessels					3

Vessels, net (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
Vessels, net (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Balance as at beginning of period	$ 712,197
Vessel acquisitions	1,256,858
Vessel disposals	(144,235)
Balance as at end of period	1,781,858	$ 712,197
Vessel Cost [Member]
Property, Plant and Equipment [Line Items]
Balance as at beginning of period	923,020	748,819
Vessel acquisitions	1,256,858	162,600
Vessel disposals	(180,358)
Improvements	374	11,601
Balance as at end of period	1,999,894	923,020
Accumulated depreciation [Member]
Property, Plant and Equipment [Line Items]
Balance as at beginning of period	(210,823)	(171,928)
Vessel disposals	36,123
Depreciation for the year	(43,336)	(38,895)
Balance as at end of period	(218,036)	(210,823)
Net book value [Member]
Property, Plant and Equipment [Line Items]
Balance as at beginning of period	712,197	576,891
Vessel acquisitions	1,256,858	162,600
Vessel disposals	(144,235)
Improvements	374	11,601
Depreciation for the year	(43,336)	(38,895)
Balance as at end of period	$ 1,781,858	$ 712,197

Vessels, net - Disposals (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Sale price	$ 195,000
Carrying value on sale	(144,235)
Other sale expenses	(3,953)
Gain on sale	46,812	$ (0)	$ (0)
M/V CMA CGM Magdalena [Member]
Property, Plant and Equipment [Line Items]
Sale price	99,000
Carrying value on sale	(71,598)
Other sale expenses	(2,018)
Gain on sale	25,384
M/V Adonis [Member]
Property, Plant and Equipment [Line Items]
Sale price	96,000
Carrying value on sale	(72,637)
Other sale expenses	(1,935)
Gain on sale	$ 21,428

Vessels, net (Details Narrative) $ in Thousands	1 Months Ended		8 Months Ended	11 Months Ended		12 Months Ended
Vessels, net (Details Narrative) $ in Thousands	Jan. 27, 2021 USD ($)	Jan. 31, 2020 USD ($)	Aug. 31, 2021 USD ($)	Nov. 29, 2021 USD ($)	Nov. 18, 2021 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Property, Plant and Equipment [Line Items]
Number of vessels						21
Vessels acquisition						$ 1,256,858
Net reduction of acquired time charters						6,670
Acquisition cost						1,263,528
Sale price agreed in Memorandum of Agreement						195,000
LNG/C Adamastos [Member]
Property, Plant and Equipment [Line Items]
Vessel capacity in CBM				174,000
Year built				2021
Total consideration				$ 220,000
Delivery Date				Nov. 29, 2021
LNG/C Attalos [Member]
Property, Plant and Equipment [Line Items]
Vessel capacity in CBM					174,000
Year built					2021
Total consideration					$ 207,000
Delivery Date					Nov. 18, 2021
LNG/C Asklipios [Member]
Property, Plant and Equipment [Line Items]
Vessel capacity in CBM					174,000
Year built					2021
Total consideration					$ 196,000
Delivery Date					Nov. 18, 2021
LNG/Cs Aristarchos [Member]
Property, Plant and Equipment [Line Items]
Vessel capacity in CBM			174,000
Year built			2021
Total consideration			$ 191,639
Delivery Date			Sep. 03, 2021
LNG/C Aristos I [Member]
Property, Plant and Equipment [Line Items]
Vessel capacity in CBM			174,000
Year built			2020
Total consideration			$ 203,139
Delivery Date			Sep. 03, 2021
LNG/C Aristidis I [Member]
Property, Plant and Equipment [Line Items]
Vessel capacity in CBM			174,000
Year built			2021
Total consideration			$ 205,000
Delivery Date			Dec. 16, 2021
M/V Long Beach Express,M/V Seattle Express and M/V Fos Express [Member]
Property, Plant and Equipment [Line Items]
Year built	2008
Total consideration	$ 40,500
Delivery Date	Feb. 25, 2021
Number of vessels	3
Containership capacity in TEU	5,089
Acquisition expenses	$ 250
M/V Athenian, M/V Athos and M/V Aristomenis [Member]
Property, Plant and Equipment [Line Items]
Vessels acquisition		$ 162,600
Vessels' Improvements [Member]
Property, Plant and Equipment [Line Items]
Vessel improvement costs capitalized						374	$ 11,601
Exhaust Gas Cleaning And Ballast Water Treatment Systems [Member]
Property, Plant and Equipment [Line Items]
Vessel improvement costs capitalized						$ 0	$ 10,906
M/V Adonis [Member]
Property, Plant and Equipment [Line Items]
Date of Memorandum Agreement						Apr. 07, 2021
Sale price agreed in Memorandum of Agreement						$ 96,000
Date of vessel sale						Dec. 13, 2021
M/V CMA CGM Magdalena [Member]
Property, Plant and Equipment [Line Items]
Date of Memorandum Agreement						Apr. 07, 2021
Sale price agreed in Memorandum of Agreement						$ 99,000
Date of vessel sale						May 17, 2021

Above / below market acquired time charters (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Acquired Finite-Lived Intangible Assets [Line Items]
Beginning at carrying amount	$ 34,579
Beginning at carrying amount	0
Amortization	(9,949)	$ (11,696)
Accretion	2,662	0
Ending at carrying amount	48,605	34,579
Ending at carrying amount	(14,643)	0
Above Market Acquired Charters [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Beginning at carrying amount	34,579	46,275
Additions	23,975
Amortization	(9,949)	(11,696)
Ending at carrying amount	48,605	34,579
Below Market Acquired Charters [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Beginning at carrying amount	0	0
Additions	(17,305)
Accretion	2,662	0
Ending at carrying amount	$ (14,643)	$ 0

Above / below market acquired time charters - Amortization Schedule (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Total	$ 48,605	$ 34,579
Total	(14,643)	0
Above Market Acquired Charters [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
2022	16,285
2023	15,407
2024	11,301
2025	3,935
2026	1,677
Total	48,605	34,579	$ 46,275
Below Market Acquired Charters [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
2022	(4,275)
2023	(4,275)
2024	(4,287)
2025	(1,806)
2026	0
Total	$ (14,643)	$ 0	$ 0

Above / Below market acquired charters (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Above Below Market Acquired Charters
Amortization of above market acquired charters	$ 9,949	$ 11,696
Accretion of below market acquired charters	$ 2,662	$ 0

Long-Term Debt - Bank Loans (Table) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Debt Instrument [Line Items]

Total long-term debt

$ 1,317,427

$ 379,662

Total long-term debt

16,000

$ 0

Less: Deferred loan and financing arrangements issuance costs

8,453

5,338

Total long-term debt, net

1,308,974

374,324

Less: Current portion of long-term debt

100,144

37,210

Add: Current portion of deferred loan and financing arrangements issuance costs

2,265

1,400

Long-term debt, net

1,211,095

338,514

(i) Issued in September 2017 maturing in October 2023 (the “2017 credit facility”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 106,047

122,324

Margin

3.25%

(ii) Issued in January 2020 maturing in January 2025 (the “2020 credit facility”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 32,480

35,920

Margin

2.55%

(iii) Issued in January 2021 maturing in February 2026 (the “CMTC Seller’s Credit”) [Member]

Debt Instrument [Line Items]

Margin

5.00%

Total long-term debt

$ 6,000

(iv) Issued in August 2021 maturing in September 2022 (the “CGC Seller’s Credit”) [Member]

Debt Instrument [Line Items]

Margin

0.00%

Total long-term debt

$ 5,000

(v) Issued in August 2021 maturing in September 2022 (the “CGC Seller’s Credit”) [Member]

Debt Instrument [Line Items]

Margin

0.00%

Total long-term debt

$ 5,000

(vi) Assumed in December 2021 maturing in December 2027 (the “2021 credit facility”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 120,566

Margin

2.50%

(vii) Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 32,900

36,100

Margin

2.55%

(viii) Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 32,900

36,100

Margin

2.55%

(ix) Issued in May 2020 maturing in May 2027 (the “ICBCFL”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 45,660

49,324

Margin

2.60%

(x) Issued in May 2020 fully repaid in May 2021 (the “ICBCFL”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 0

50,570

Margin

2.60%

(xi) Issued in May 2020 fully repaid in December 2021 (the “ICBCFL”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 0

49,324

Margin

2.60%

(xii) Issued in January 2021 maturing in February 2026 (the “2021 CMBFL- Panamax”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 9,184

Margin

2.85%

(xiii) Issued in January 2021 maturing in February 2026 (the “2021 CMBFL-Panamax”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 9,184

Margin

2.85%

(xiv) Issued in January 2021 maturing in February 2026 (the “2021 CMBFL- Panamax”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 9,184

Margin

2.85%

(xv) Assumed in September 2021 maturing in October 2027 (the “2021 Bocomm”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 144,744

Margin

2.70%

(xvi) Assumed in September 2021 maturing in May 2028 (the “2021 Bocomm”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 151,299

Margin

2.70%

(xvii) Assumed in November 2021 maturing in August 2028 (the “2021 CMBFL-LNG/C”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 146,315

Margin

2.55%

(xviii) Assumed in November 2021 maturing in September 2028 (the “2021 CMBFL-LNG/C”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 147,493

Margin

2.55%

(xix) Assumed in November 2021 maturing in July 2036 (the “2021 Shin Doun”) [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 142,609

Margin

^[1]

0.00%

(xx) Issued in October 2021 maturing in October 2026 [Member]

Debt Instrument [Line Items]

Total long-term debt

$ 170,862

$ 0

Margin

2.65%

[1]	-It is being repaid at the rate of $31 per day including interest.

Long-Term Debt - Required Annual Loan Payments (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
2022	$ 100,144
2023	163,328
2024	66,217
2025	124,001
2026	243,402
Thereafter	620,335
Total	$ 1,317,427	$ 379,662

Long-Term Debt (Details Narrative) $ in Thousands	1 Months Ended						5 Months Ended	8 Months Ended		10 Months Ended	11 Months Ended		12 Months Ended
Long-Term Debt (Details Narrative) $ in Thousands	Jan. 27, 2021 USD ($)	Jan. 22, 2021 USD ($)	Jan. 23, 2020 USD ($)	Jan. 22, 2020 USD ($)	Jan. 20, 2020	Jan. 17, 2020 USD ($)	May 27, 2020 USD ($)	Sep. 03, 2021 USD ($)	Aug. 31, 2021 USD ($)	Oct. 20, 2021 USD ($)	Nov. 29, 2021 USD ($)	Nov. 18, 2021 USD ($)	Dec. 31, 2021 USD ($)	Dec. 16, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2021 EUR (€)	Oct. 20, 2021 EUR (€)
Line of Credit Facility [Line Items]
Long-term debt outstanding balance													$ 1,317,427		$ 379,662
Seller's credit agreement													16,000		0	$ 0
Repayments of Debt													$ 145,471		153,573	32,733
Debt Instrument, Covenant Compliance													As of December 31, 2021, and 2020 the Partnership was in compliance with all financial covenants.
Interest expense from continuing operations													$ 16,586		$ 13,761	$ 15,836
Weighted average interest rate													2.90%		3.60%	5.70%
LNG/C Adamastos [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term											14 years 8 months 12 days
Sale and leaseback transaction assumed balance - Financial arrangement											$ 143,103
LNG/C Attalos [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term												6 years 8 months 12 days
Sale and leaseback transaction assumed balance - Financial arrangement												$ 146,315
LNG/C Asklipios [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term												6 years 10 months 24 days
Sale and leaseback transaction assumed balance - Financial arrangement												$ 149,570
Refinancing of M/V Akadimos, the M/V Adonis and the M/V CMA CGM Magdalena with ICBCFL [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term							7 years
Sale and leaseback transaction gross cash inflow financing arrangement							$ 155,350
Repayments of Debt							$ 116,515
M/V CMA CGM Magdalena and M/V Adonis [Member]
Line of Credit Facility [Line Items]
Repayments of sale and laseback transaction - Financial arrangement													$ 96,205
Credit facilities and financing arrangements [Member]
Line of Credit Facility [Line Items]
Repayments of Debt													$ 49,266		$ 37,058
CPLP Shipping Holding PLC [Member] \| Unsecured Bonds [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term										5 years
Name of Stock Exchange										Athens Stock Exchange
Debt Instrument, Face Amount										$ 170,862								€ 150,000,000
Fixed interest rate of coupon bond										2.65%
Debt Instrument, Frequency of Periodic Payment										semi-annually
Ratio Of EBITDA To Net Interest Expense										2:1
Net Total Indebtedness to the aggregate Market Value of the Total fleet										0.75:1
Debt Instrument, Issuance Date										Oct. 20, 2021
CPLP Shipping Holding PLC [Member] \| Unsecured Bonds [Member] \| Bonds requirements and terms [Member]
Line of Credit Facility [Line Items]
Cash Collateral for Borrowed Securities \| €																	€ 100,000
Description of deposit to the DSRA account													we deposit to the DSRA 50% of any cash disbursements to unitholders (e.g., dividends) exceeding $20,000 per annum, capped at 1/3 of the par value of the Bonds outstanding at the time
Description of the difference detween MVAN and $300,000													if our MVAN falls below $300,000 then to deposit to the DSRA the difference between the MVAN and the $300,000 (capped to 1/3 of the par value of the Bonds outstanding)
CGC [Member] \| LNG/C Aristos I [Member]
Line of Credit Facility [Line Items]
Seller's credit agreement									$ 5,000
CGC [Member] \| LNG/C Aristarchos [Member]
Line of Credit Facility [Line Items]
Seller's credit agreement									$ 5,000
For each vessel - M/V Long Beach Express, M/V Seattle Express and M/V Fos Express [Member] \| CMBFL Sale And Leaseback Transaction [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term		5 years
Sale Leaseback Transaction, Date		January 22, 2021
Sale and leaseback transaction gross cash inflow financing arrangement		$ 10,010
CMTC [Member]
Line of Credit Facility [Line Items]
Seller's credit agreement	$ 6,000
M/V Athos Financing Arrangement [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term					5 years
Sale Leaseback Transaction, Date					January 20, 2020
Sale and leaseback transaction gross cash inflow financing arrangement			$ 38,500
M/V Aristomenis Financing Arrangement [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term					5 years
Sale Leaseback Transaction, Date					January 20, 2020
Sale and leaseback transaction gross cash inflow financing arrangement			$ 38,500
M/V Athenian Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term						5 years
Debt Instrument, Issuance Date						Jan. 17, 2020
Maximum borrowing capacity						$ 38,500
Amount drawn down				$ 38,500
ING Bank N.V. - Assumed balance [Member] \| LNG/C Aristidis I [Member]
Line of Credit Facility [Line Items]
Long-term debt outstanding balance														$ 123,001
Debt Instrument, Term														6 years
Bank of Communications Financial Leasing Co. Ltd [Member] \| LNG/C Aristos I [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term								6 years 1 month 6 days
Sale and leaseback transaction assumed balance - Financial arrangement								$ 148,920
Bank of Communications Financial Leasing Co. Ltd [Member] \| LNG/C Aristarchos [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term								6 years 8 months 12 days
Sale and leaseback transaction assumed balance - Financial arrangement								$ 155,435
Covenants [Member]
Line of Credit Facility [Line Items]
Ratio Of EBITDA To Net Interest Expense													2:1
Net Total Indebtedness to the aggregate Market Value of the Total fleet													0.75:1
Covenants [Member] \| Credit Facility 2017, 'ICBCFL' Financing Arrangement and Credit Facility 2020 [Member]
Line of Credit Facility [Line Items]
Collateral Maintenance Requirement													125.00%
Covenants [Member] \| 2020 CMBFL, 2021 CMBFL-Panamax and 2021 credit facility [Member]
Line of Credit Facility [Line Items]
Collateral Maintenance Requirement													120.00%
Covenants [Member] \| 'CMBFL-LNG/C' Financing Arrangement [Member]
Line of Credit Facility [Line Items]
Collateral Maintenance Requirement													110.00%
Covenants [Member] \| 'Bocomm' Financing Arrangement [Member]
Line of Credit Facility [Line Items]
Collateral Maintenance Requirement													111.00%
Covenants [Member] \| Per Vessel [Member]
Line of Credit Facility [Line Items]
Restricted Cash and Cash Equivalents													$ 500

Financial Instruments - Schedule of Derivative Liabilities at Fair value (Table) (Details) € in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2021 EUR (€)	Dec. 31, 2020 USD ($)
Total Fair Value	$ (3,167)		$ 0
Agreement A [Member]
Effective Date	21/10/2021
Termination Date	21/10/2025
Notional Amount in EURO \| €		€ 120,000
Notional Amount in United States Dollars	$ 139,716
Fixed Rate the Partnership receives in EURO	2.65%	2.65%
Fixed Rate the Partnership pays in United States Dollars	3.655%	3.655%
Total Fair Value	$ (2,552)
Agreement B [Member]
Effective Date	21/10/2021
Termination Date	21/10/2025
Notional Amount in EURO \| €		€ 30,000
Notional Amount in United States Dollars	$ 34,929
Fixed Rate the Partnership receives in EURO	2.65%	2.65%
Fixed Rate the Partnership pays in United States Dollars	3.69%	3.69%
Total Fair Value	$ (615)

Financial Instruments - Fair value measurements on a recurring basis (Table) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Cross Currency SWAPs	$ 3,167
Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring [Member] \| Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Cross Currency SWAPs	$ 3,167

Financial Instruments (Details Narrative) $ in Thousands	12 Months Ended
Financial Instruments (Details Narrative) $ in Thousands	Dec. 31, 2021 USD ($)
Loss on derivatives	$ 3,167
Fair Value, Inputs, Level 2 [Member]
Long-term Debt, Fair Value	158,290
Fair Value, Inputs, Level 1 [Member]
Long-term Debt, Fair Value	$ 171,292

Accrued liabilities (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Accrued loan interest and loan fees	$ 3,355	$ 1,817
Accrued operating expenses	4,076	4,953
Accrued capitalized expenses	371	1,350
Accrued voyage expenses and commissions	2,472	1,577
Accrued general and administrative expenses	1,121	992
Total	$ 11,395	$ 10,689

Voyage expenses and vessel operating expenses (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Voyage expenses:
Commissions	$ 4,278	$ 2,809	$ 1,952
Bunkers	4,204	1,349	89
Port expenses	1,633	624	4
Other	583	1,519	885
Total	10,698	6,301	2,930
Vessel operating expenses:
Crew costs and related costs	22,575	16,624	13,375
Insurance expense	4,029	2,388	1,796
Spares, repairs, maintenance and other expenses	6,784	8,836	5,001
Stores and lubricants	5,288	4,593	3,251
Management fees (Note 5)	6,295	4,976	3,917
Other operating expenses	2,151	1,304	3,209
Total	$ 47,122	$ 38,721	$ 30,549

Partners’ Capital - Schedule of Incentive Distributions (Table) (Details)	12 Months Ended
	Dec. 31, 2020 $ / shares
Minimum Quarterly Distribution [Member] \| Limited Partner [Member]
Marginal percentage interest in distributions	98.00%
Minimum Quarterly Distribution [Member] \| General Partner [Member]
Marginal percentage interest in distributions	2.00%
First Target Distribution [Member] \| Limited Partner [Member]
Marginal percentage interest in distributions	98.00%
First Target Distribution [Member] \| General Partner [Member]
Marginal percentage interest in distributions	2.00%
Second Target Distribution [Member] \| Limited Partner [Member]
Marginal percentage interest in distributions	85.00%
Second Target Distribution [Member] \| General Partner [Member]
Marginal percentage interest in distributions	15.00%
Third Target Distribution [Member] \| Limited Partner [Member]
Marginal percentage interest in distributions	75.00%
Third Target Distribution [Member] \| General Partner [Member]
Marginal percentage interest in distributions	25.00%
Thereafter Target Distribution [Member] \| Limited Partner [Member]
Marginal percentage interest in distributions	65.00%
Thereafter Target Distribution [Member] \| General Partner [Member]
Marginal percentage interest in distributions	35.00%
Minimum [Member] \| Minimum Quarterly Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Target Amount per Unit	$ 1.6275
Minimum [Member] \| Second Target Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Target Amount per Unit	1.6975
Minimum [Member] \| Third Target Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Target Amount per Unit	1.8725
Minimum [Member] \| Thereafter Target Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Target Amount per Unit	2.0475
Maximum [Member] \| First Target Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Target Amount per Unit	1.6975
Maximum [Member] \| Second Target Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Target Amount per Unit	1.8725
Maximum [Member] \| Third Target Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Target Amount per Unit	$ 2.0475

Partners’ Capital - Partnership units (Table) (Details) - shares	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Common units	19,394,696	18,623,100
General partner units	348,570	348,570
Treasury Units	382,250	0
Total partnership units	20,125,516	18,971,670

Partners’ Capital (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 27, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Sep. 03, 2021	Jan. 25, 2021
Distribution Made to Limited Partner [Line Items]
Common units issued		19,776,946	18,623,100
Partners' Capital Account, Units, Treasury Units Purchased		382,250	0
Payments for repurchase of common units		$ 4,499	$ (0)	$ (0)
Reverse unit split, description	one for seven reverse unit split
Common units outstanding		19,394,696	18,623,100
General partner units outstanding		348,570	348,570
The 2019 Amended Plan Employees and Non Employees [Member]
Distribution Made to Limited Partner [Line Items]
Units issued			445,000
Unit Repurchase Program [Member]
Distribution Made to Limited Partner [Line Items]
Repurchase amount						$ 30,000
Partners' Capital Account, Units, Treasury Units Purchased		382,250
Average price per unit		11.74
Payments for repurchase of common units		$ 4,499
LNG/C Aristos I and LNG/C Aristarchos [Member]
Distribution Made to Limited Partner [Line Items]
Common units issued		1,153,846			1,153,846
Before Reverse Unit Split [Member]
Distribution Made to Limited Partner [Line Items]
Common units issued	127,246,692
Common units outstanding	127,246,692
General partner units issued	2,439,989
General partner units outstanding	2,439,989
Adjusted For Reverse Stock Split [Member]
Distribution Made to Limited Partner [Line Items]
Common units issued				18,178,100
Common units outstanding				18,178,100
General partner units issued				348,570
General partner units outstanding				348,570
CGP [Member]
Distribution Made to Limited Partner [Line Items]
Interest in CGP in the Partnership		1.77%
CGP [Member] \| Right Waived [Member] \| Minimum [Member]
Distribution Made to Limited Partner [Line Items]
Distribution target amount per unit		$ 1.6975
CGP [Member] \| Right Waived [Member] \| Maximum [Member]
Distribution Made to Limited Partner [Line Items]
Distribution target amount per unit		$ 1.75

Omnibus Incentive Compensation Plan (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Unvested shares, beginning of period	412,916	428,958
Unvested value, beginning of period	$ 4,637	$ 4,817
Vested, shares	(412,916)	(16,042)
Vested, value	$ (4,637)	$ (180)
Unvested shares, end of period	0	412,916
Unvested value, end of period	$ 0	$ 4,637

Omnibus Incentive Compensation Plan (Details Narrative) $ / shares in Units, $ in Thousands	7 Months Ended	12 Months Ended
	Jul. 23, 2019 $ / shares shares	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation \| $		$ 2,043	$ 2,049	$ 907
Total compensation cost related to non-vested awards \| $		$ 0
The 2019 Amended Plan [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit / Shared authorized \| shares	740,000
The 2019 Amended Plan Employees and Non Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted \| shares	445,000
Grant-date fair value \| $ / shares	$ 11.23
Number of annual installments	3
Vesting date of remaining awards	December 31, 2021

Net Income / (Loss) from continuing operations Per Unit - Basic and Diluted (Table) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Numerators
Partnership’s net income from continuing operations	$ 98,178	$ 30,367	$ 24,421
Less:
Preferred unit holders’ interest in Partnership’s net income from continuing operations	0	0	2,652
Deemed dividend to preferred unit holders’	0	0	9,119
General Partner’s interest in Partnership’s net income from continuing operations	1,790	558	236
Partnership’s net income from continuing operations allocable to unvested units	2,053	685	130
Common unit holders’ interest in Partnership’s net income from continuing operations	$ 94,335	$ 29,124	$ 12,284
Denominators
Weighted average number of common units outstanding, basic and diluted	18,342,413	18,194,186	18,178,144
Net income from continuing operations per common unit:
Basic and Diluted	$ 5.14	$ 1.60	$ 0.68

Net Income from continuing operations Per Unit (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Payment Arrangement [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive units	412,916	412,916	428,958
Convertible Preferred Stock [Member] \| Preferred Class B [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive units			12,983,333

Commitments and Contingencies - Future minimum charter hire receipts (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022	$ 279,257
2023	277,263
2024	212,884
2025	100,923
2026	27,169
Total	$ 897,496

Subsequent Events (Details Narrative) - $ / shares	1 Months Ended
Subsequent Events (Details Narrative) - $ / shares	Jan. 24, 2022	Jan. 31, 2022
Omnibus Incentive Compensation Plan [Member]
Unit / Shared authorized		750,000
Omnibus Incentive Compensation Plan [Member] \| Maximum [Member]
Unit / Shared authorized		1,045,000
Limited Partner [Member]
Dividends Payable, Date Declared	Jan. 24, 2022
Distribution Made to Limited Partner, Distributions Declared, Per Unit	$ 0.15
Dividends Payable, Date of Payment	Feb. 10, 2022
Dividends Payable, Date of Record	Feb. 03, 2022