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Document And Entity Information	12 Months Ended
Document And Entity Information	Dec. 31, 2013 shares
Document and Entity Information
Document Type	20-F
Document Period End Date	Dec. 31, 2013
Amendment Flag	false
Entity Registrant Name	Capital Product Partners L.P.
Entity Central Index Key	0001392326
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY
General Partner
Document and Entity Information
Entity's units outstanding	1,765,457
Common Limited Partner
Document and Entity Information
Entity's units outstanding	88,440,710
Preferred Limited Partner
Document and Entity Information
Entity's units outstanding	18,922,221

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Current assets
Cash and cash equivalents	$ 63,972	$ 43,551
Trade accounts receivable, net	4,365	2,346
Due from related parties (Note 4)	667	0
Above market acquired charters (Note 6)	612	0
Prepayments and other assets	1,376	1,259
Inventories	2,740	2,333
Total current assets	73,732	49,489
Fixed assets
Vessels, net (Note 5)	1,176,819	959,550
Total fixed assets	1,176,819	959,550
Other non-current assets
Trade accounts receivable, net	0	848
Above market acquired charters (Note 6)	130,770	47,720
Deferred charges, net	5,451	2,021
Restricted cash (Notes 2, 7)	15,000	10,500
Total non-current assets	1,328,040	1,020,639
Total assets	1,401,772	1,070,128
Current liabilities
Current portion of long-term debt (Note 7)	5,400	0
Trade accounts payable	7,519	4,776
Due to related parties (Note 4)	13,686	17,447
Derivative instruments (Note 8)	0	467
Accrued liabilities (Note 9)	5,387	2,781
Deferred revenue (Note 4)	6,936	10,302
Total current liabilities	38,928	35,773
Long-term liabilities
Long-term debt (Note 7)	577,915	458,365
Deferred revenue	3,503	2,162
Total long-term liabilities	581,418	460,527
Total liabilities	620,346	496,300
Commitments and contingencies (Note 17)	0	0
Partners' capital
General Partner	9,250	9,049
Limited Partners - Common (88,440,710 and 69,372,077 units issued and outstanding at December 31, 2013 and 2012, respectively)	559,155	425,497
Limited Partners - Preferred (18,922,221 and 15,555,554 Class B units issued and outstanding at December 31, 2013 and 2012, respectively)	213,021	139,744
Accumulated other comprehensive loss (Notes 2, 8)	0	(462)
Total partners' capital	781,426	573,828
Total liabilities and partners' capital	$ 1,401,772	$ 1,070,128

Consolidated Balance Sheets (Parentheticals) - shares	Dec. 31, 2013	Dec. 31, 2012
Consolidated Balance Sheets (Abstract)
Limited Partners - Common Units Issued	88,440,710	69,372,077
Limited Partners - Common Units Outstanding	88,440,710	69,372,077
Limited Partners - Preferred Units Issued	18,922,221	15,555,554
Limited Partners - Preferred Units Outstanding	18,922,221	15,555,554

Consolidated Statements of Comprehensive Income / (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenue:
Revenues	$ 116,520	$ 84,012	$ 98,517
Revenues - related party (Note 4)	54,974	69,938	31,799
Total revenues	171,494	153,950	130,316
Expenses:
Voyage expenses (Note 10)	5,776	5,114	11,565
Voyage expenses - related party (Notes 4, 10)	314	554	165
Vessel operating expenses (Note 10)	38,284	22,126	4,949
Vessel operating expenses - related party (Notes 4, 10)	17,039	23,634	30,516
General and administrative expenses (Note 4)	9,477	9,159	10,609
Loss / (gain) on sale of vessels to third parties (Note 5)	7,073	(1,296)	0
Depreciation & amortization (Note 5)	52,208	48,235	37,214
Vessels' impairment charge (Note 5)	0	43,178	0
Operating income	41,323	3,246	35,298
Non operating income:
Gain on sale of claim (Note 16)	31,356	0	0
Gain from bargain purchase (Note 3)	42,256	0	82,453
Total non operating income	73,612	0	82,453
Other income (expense):
Interest expense and finance cost	(15,991)	(26,658)	(33,820)
Gain on interest rate swap agreement (Note 8)	4	1,448	2,310
Interest and other income	533	775	879
Total other expense, net	(15,454)	(24,435)	(30,631)
Partnership's Net income/ (loss)	99,481	(21,189)	87,120
Preferred unit holders' interest in Partnership's net income	18,805	10,809	0
General Partner's interest in Partnership's net income / (loss)	1,598	(640)	1,742
Common unit holders' interest in Partnership's net income / (loss)	$ 79,078	$ (31,358)	$ 85,378
Net income / (loss) per (Note 15):
Common unit basic	$ 1.04	$ (0.46)	$ 1.78
Weighted-average units outstanding:
Common unit basic	75,645,207	68,256,072	47,138,336
Net income per (Note 15):
Common unit diluted	$ 1.01	$ (0.46)	$ 1.78
Weighted-average units outstanding:
Common units diluted	97,369,136	68,256,072	47,138,336
Comprehensive income / (loss):
Partnership's net income / (loss)	$ 99,481	$ (21,189)	$ 87,120
Other Comprehensive income:
Unrealized gain on derivative instruments (Note 8)	462	10,762	17,518
Comprehensive income/ (loss)	$ 99,943	$ (10,427)	$ 104,638

Consolidated Statements of Changes in Partners' Capital - USD ($) $ in Thousands	Total	General Partner	Limited Partners Common	Limited Partners Preferred	Total	Accumulated Other Comprehensive Loss
Balance at Dec. 31, 2010	$ 239,760	$ 5,584	$ 262,918		$ 268,502	$ (28,742)
Distributions declared and paid (distributions per common and preferred unit) (Note 13)	(45,116)	(902)	(44,214)		(45,116)
Issuance of Partnership's units for business acquisition - of Crude (Note 3)	155,559	3,111	152,448		155,559
Issuance of Partnership units for business acquisition - of Patroklos Marine Corp. (Note 3)	58,525	1,470	57,055		58,525
Partnership's net income/ (loss)	87,120	1,742	85,378		87,120
Fair value of Crude's equity incentive plan attributable to pre-combination services (Note 3)	1,505		1,505		1,505
Equity compensation expense (Note 14)	2,455		2,455		2,455
Other comprehensive income (Note 8)	17,518					17,518
Balance at Dec. 31, 2011	517,326	11,005	517,545		528,550	(11,224)
Distributions declared and paid (distributions per common and preferred unit) (Note 13)	(73,316)	(1,316)	(64,516)	$ (7,484)	(73,316)
Partnership's net income/ (loss)	(21,189)	(640)	(31,358)	10,809	(21,189)
Issuance of units (Note 13)	136,419			136,419	136,419
Equity compensation expense (Note 14)	3,826		3,826		3,826
Other comprehensive income (Note 8)	10,762					10,762
Balance at Dec. 31, 2012	573,828	9,049	425,497	139,744	574,290	(462)
Distributions declared and paid (distributions per common and preferred unit) (Note 13)	(88,241)	(1,397)	(68,759)	(18,085)	(88,241)
Partnership's net income/ (loss)	99,481	1,598	79,078	18,805	99,481
Issuance of units (Note 13)	192,368		119,811	72,557	192,368
Equity compensation expense (Note 14)	3,528		3,528		3,528
Other comprehensive income (Note 8)	462					462
Balance at Dec. 31, 2013	$ 781,426	$ 9,250	$ 559,155	$ 213,021	$ 781,426	$ 0

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities:
Net income / (loss)	$ 99,481	$ (21,189)	$ 87,120
Adjustments to reconcile net income / (loss) to net cash provided by operating activities:
Vessel depreciation and amortization (Note 5)	52,208	48,235	37,214
Vessels' impairment (Notes 3, 5)	0	43,178	0
Gain from bargain purchase (Note 3)	(42,256)	0	(82,453)
Amortization of deferred charges	405	480	809
Amortization of above market acquired charters (Note 6)	13,594	7,904	5,489
Equity compensation expense (Note 14)	3,528	3,826	2,455
Gain on interest rate swap agreements (Note 8)	(4)	(1,448)	(2,310)
Loss / (gain) on sale of vessels to third parties (Note 5)	7,073	(1,296)	0
Accrual on gain on sale of claim (Note 16)	644	0	0
Changes in operating assets and liabilities:
Trade accounts receivable	(1,171)	221	7,211
Due from related parties	(667)	0	2
Prepayments and other assets	(117)	237	(589)
Inventories	(407)	1,677	5,576
Trade accounts payable	2,066	(5,594)	(4,600)
Due to related parties	(3,761)	7,009	(4,507)
Accrued liabilities	1,573	480	(247)
Deferred revenue	(1,852)	1,078	5,369
Drydocking costs	(761)	0	0
Net cash provided by operating activities	129,576	84,798	56,539
Cash flows from investing activities:
Vessel acquisitions and improvements (Notes 3, 5)	(363,038)	(1,614)	(27,003)
Increase in restricted cash	(4,500)	(3,750)	(1,500)
Proceeds from sale of vessels (Notes 3, 5)	32,192	21,299	0
Cash and cash equivalents acquired in business acquisition	0	0	11,847
Net cash (used in) / provided by investing activities	(335,346)	15,935	(16,656)
Cash flows from financing activities:
Proceeds from issuance of Partnership units (Notes 3, 13)	195,771	140,000	1,470
Expenses paid for issuance of Partnership units	(3,410)	(1,673)	0
Proceeds from issuance of long-term debt (Note 7)	129,000	0	159,580
Payments of long-term debt (Note 7)	(4,050)	(175,215)	(134,580)
Loan issuance costs	(2,879)	(348)	(338)
Dividends paid	(88,241)	(73,316)	(45,116)
Net cash provided by / (used in) financing activities	226,191	(110,552)	(18,984)
Net increase / (decrease) in cash and cash equivalents	20,421	(9,819)	20,899
Cash and cash equivalents at beginning of period	43,551	53,370	32,471
Cash and cash equivalents at end of period	63,972	43,551	53,370
Supplemental Cash Flow Information
Cash paid for interest	14,845	25,864	32,210
Non-Cash Investing and Financing Activities
Capital expenditures included in liabilities	103	134	252
Offering expenses included in liabilities	(7)	1,908	0
Capitalised dry docking and deferred costs included in liabilities	628	0	0
Fair value of vessels purchased, M/V Archimidis and M/V Agamemnon (Notes 3, 5)	0	133,000	0
Fair value of vessels sold, M/T Alexander the Great and M/T Achilleas, reduced by the net cash consideration received (Notes 3, 5)	0	(137,500)	0
Acquisition of above market time charter (Notes 3, 6)	97,256	4,500	48,551
Units issued to acquire M/V Cape Agamemnon (Note 3)	0	0	57,055
Crude's net assets at the completion of the business acquisition (Note 12)	0	0	211,144
Units issued to acquire Crude (Note 3)	0	0	155,559
Fair value of Crude's Equity Incentive Plan attributable to pre combination services (Note 3)	$ 0	$ 0	$ 1,505

Basis Of Presentation And General Information

12 Months Ended

Dec. 31, 2013

Basis Of Presentation and General Information (Abstract)

Basis Of Presentation and General Information

1.	Basis of Presentation and General Information

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

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

Subsidiary

Date of Incorporation

Name of Vessel Owned by Subsidiary

DWT

Date acquired by the Partnership

Date acquired by CMTC

Capital Product Operating GP LLC

01/16/2007

—

Crude Carriers Corp.(6)

10/29/2009

—

09/30/2011

—

Crude Carriers Operating Corp. (6)

01/21/2010

—

09/30/2011

—

Shipping Rider Co.

09/16/2003

M/T Atlantas
(M/T British Ensign) (1)

36,760

04/04/2007

04/26/2006

Canvey Shipmanagement Co.

03/18/2004

M/T Assos
(M/T Insurgentes) (1),(4)

47,872

08/16/2010

04/04/2007

05/17/2006

Centurion Navigation Limited

08/27/2003

M/T Aktoras
(M/T British Envoy) (1)

36,759

04/04/2007

07/12/2006

Polarwind Maritime S.A.

10/10/2003

M/T Agisilaos (1)

36,760

04/04/2007

08/16/2006

Carnation Shipping Company

11/10/2003

M/T Arionas (1)

36,725

04/04/2007

11/02/2006

Apollonas Shipping Company

02/10/2004

M/T Avax (1)

47,834

04/04/2007

01/12/2007

Tempest Maritime Inc.

09/12/2003

M/T Aiolos
(M/T British Emissary) (1)

36,725

04/04/2007

03/02/2007

Iraklitos Shipping Company

02/10/2004

M/T Axios (1)

47,872

04/04/2007

02/28/2007

Epicurus Shipping Company

02/11/2004

M/T Atrotos
(M/T El Pipila) (2),(5)

47,786

03/01/2010

05/08/2007

Laredo Maritime Inc.

02/03/2004

M/T Akeraios (2)

47,781

07/13/2007

Lorenzo Shipmanagement Inc.

05/26/2004

M/T Apostolos (2)

47,782

09/20/2007

Splendor Shipholding S.A.

07/08/2004

M/T Anemos I (2)

47,782

09/28/2007

Ross Shipmanagement Co.

12/29/2003

M/T Attikos (3),(7)

12,000

09/24/2007

01/20/2005

Sorrel Shipmanagement Inc.

02/07/2006

M/T Alexandros II
(M/T Overseas Serifos) (2)

51,258

01/29/2008

Baymont Enterprises Incorporated

05/29/2007

M/T Amore Mio II (3)

159,982

03/27/2008

07/31/2007

Forbes Maritime Co.

02/03/2004

M/T Aristofanis (3),(8)

12,000

04/30/2008

06/02/2005

Wind Dancer Shipping Inc.

02/07/2006

M/T Aristotelis II
(M/T Overseas Sifnos) (2)

51,226

06/17/2008

Belerion Maritime Co.

01/24/2006

M/T Aris II
(M/T Overseas Kimolos) (2)

51,218

08/20/2008

Mango Finance Corp.

07/14/2006

M/T Agamemnon II (3), (4),(10)

51,238

04/07/2009

11/24/2008

Navarro International S.A.

07/14/2006

M/T Ayrton II (3), (5)

51,238

04/13/2009

04/10/2009

Adrian Shipholding Inc.

06/22/2004

M/T Alkiviadis (3)

36,721

06/30/2010

03/29/2006

Patroklos Marine Corp.

06/17/2008

M/V Cape Agamemnon

179,221

06/09/2011

01/25/2011

Cooper Consultants Co. renamed to

Miltiadis M II Carriers Corp.

04/06/2006

M/T Miltiadis M II (6)

162,000

09/30/2011

04/26/2006

Alexander the Great Carriers Corp.

01/26/2010

M/T Alexander The Great (6),(9)

297,958

09/30/2011

03/26/2010

Achilleas Carriers Corp.

01/26/2010

M/T Achilleas (6),(9)

297,863

09/30/2011

06/25/2010

Amoureux Carriers Corp.

04/14/2010

M/T Amoureux (6)

149,993

09/30/2011

—

Aias Carriers Corp.

04/14/2010

M/T Aias (6)

150,393

09/30/2011

—

Agamemnon Container Carrier Corp.

04/19/2012

M/V Agamemnon (9)

103,773

12/22/2012

06/28/2012

Archimidis Container Carrier Corp.

04/19/2012

M/V Archimidis (9)

103,773

12/22/2012

06/22/2012

Aenaos Product Carrier S.A.

10/16/2013

M/T Aristotelis

51,604

11/28/2013

—

Anax Container Carrier S.A

04/08/2011

M/V Hyundai Prestige

63,010

09/11/2013

02/19/2013

Hercules Container Carrier S.A.

04/08/2011

M/V Hyundai Premium

63,010

03/20/2013

03/11/2013

Iason Container Carrier S.A

04/08/2011

M/V Hyundai Paramount

63,010

03/27/2013

Thiseas Container Carrier S.A.

04/08/2011

M/V Hyundai Privilege

63,010

09/11/2013

05/31/2013

Cronus Container Carrier S.A.

07/19/2011

M/V Hyundai Platinum

63,010

09/11/2013

06/14/2013

Miltiadis M II Corp.

08/28/2012

(1	)Initial Vessels acquired from Capital Maritime & Trading Corp. (“CMTC”) upon consummation of the Partnership's Initial Public Offering (“IPO”) which was completed on April 3, 2007.
(2	)Committed Vessels (the Partnership committed to acquire these vessels from CMTC upon consummation of the IPO).
(3	)Non-Contracted Vessels (vessels acquired from CMTC that were neither initial nor committed vessels).
(4	)Was acquired on April 4, 2007, on April 7, 2009 was exchanged with the M/T Agamemnon II and was reacquired on August 16, 2010.
(5	)Was acquired on May 8, 2007, on April 13, 2009 was exchanged with the M/T Ayrton II and was reacquired on March 1, 2010.
(6	)Were acquired upon the completion of the business acquisition of Crude Carriers Corp. (“Crude”).
(7	)Was sold on February 14, 2012.
(8	)Was sold on April 4, 2012.
(9	)On December 22, 2012 the M/T Alexander the Great and the M/T Achilleas were exchanged with the M/V Archimidis and the M/V Agamemnon respectively.
(10)	Was sold on November 5, 2013.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

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+ Details

Significant Accounting Policies

12 Months Ended

Dec. 31, 2013

Significant Accounting Policies (Abstract)

Significant Accounting Policies

2. Significant Accounting Policies

(a)

Principles of Consolidation: The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and include the accounts of the legal entities comprising the Partnership as discussed in Note 1. Intra-group balances and transactions have been eliminated upon consolidation. Balances and transactions with CMTC and its affiliates have not been eliminated, but are presented as balances and transactions with related parties.

(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. Additionally, these consolidated financial statements include corporate overhead expenses that are normally incurred by a listed company.

(c)

Other Comprehensive Income: The Partnership separately records certain transactions directly as components of partners' capital / stockholders' equity. For the years ended December 31, 2013 and 2012 other comprehensive income is comprised of changes in fair value of interest rate swaps that qualify as cash flow hedges and the amortization of the accumulated other comprehensive loss attributable to interest rate swaps that do not qualify as cash flow hedges (Note 8).

(d)

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

Revenues are recorded over the term of the charter as service is provided and recognized on a pro-rata basis over the duration of the voyage.

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

Vessel voyage expenses are direct expenses to voyage revenues and primarily consist of commissions, port expenses, canal dues and bunkers. Commissions are expensed over the related charter period and all the other voyage expenses are expensed as incurred. Under the Partnership's time and bareboat charter agreements, all voyages expenses, except commissions are assumed by the charterer, with the exception of Overseas Shipholding Group Inc. bareboat charter agreements and the exception of the M/T Agamemnon II and the M/T Ayrton II time charter agreements where the charterer is responsible for the commissions. For voyage charters all voyage expenses are paid by the Partnership.

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

•

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

•

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

Vessel operating expenses are expensed as incurred.

(e)

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

(f)

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

(g)

Restricted cash: For the Partnership to comply with debt covenants under its credit facilities, it must maintain minimum cash deposits. Such deposits are considered by the Partnership to be restricted cash. As of December 31, 2013 and 2012, restricted cash amounted to $15,000 and $10,500, respectively, and is presented under other non-current assets.

(h)

Trade Accounts Receivable, Net: The amount shown as trade accounts receivable primarily consists of earned revenue that has not been billed yet or that it has been billed but not yet collected. At each balance sheet date all potentially uncollectible accounts are assessed individually for purposes of determining the appropriate provision for doubtful accounts. As of December 31, 2013 and 2012 allowance for doubtful accounts amounted to $84 and $54, respectively.

(i)

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

(j)

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

(k)

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

In recent years market conditions as compared to previous years have changed significantly as a result of the global credit crisis and resulting slowdown in world trade. Charter rates decreased and values of assets were affected. The Partnership considered these market developments as indicators of potential impairment of the carrying amount of its assets. The Partnership has performed an undiscounted cash flow test based on US GAAP as of December 31, 2013 and 2012, determining undiscounted projected net operating cash flows for the vessels and comparing them to the vessels' carrying values. In developing estimates of future cash flows, the Partnership made assumptions about future charter rates, utilization rates, vessel operating expenses, future dry docking costs and the estimated remaining useful life of the vessels. These assumptions are based on historical trends as well as future expectations that are in line with the Partnership's historical performance and expectations for the vessels' utilization under the current deployment strategy. Based on these assumptions, the Partnership determined that the undiscounted cash flows supported the vessels' carrying amounts as of December 31, 2013 and 2012.

(l)

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

(m)

Deferred charges, net: are comprised mainly of:

fees paid to lenders for obtaining new loans or refinancing existing loans and are capitalized as deferred finance charges and amortized to “interest expense and finance cost” over the term of the respective loan using the effective interest rate method; and
dry docking costs. The Partnership's vessels are required to be dry docked every thirty to sixty months for major repairs and maintenance that cannot be performed while the vessels are under operation. For the vessels that were operated under the floating fee management agreement and Crude's management agreement (Note 4) the Partnership has adopted the deferral method of accounting for dry docking activities whereby costs incurred are deferred and amortized on a straight line basis over the period until the next scheduled dry docking activity.

(n)

Pension and Retirement Benefit Obligations: The vessel-owning companies included in the consolidated financial statements employ the crew on board under short-term contracts (usually up to seven months) and accordingly, they are not liable for any pension or post retirement benefits.

(o)

Concentration of Credit Risk: Financial instruments which potentially subject the Partnership to significant concentrations of credit risk consist principally of cash and cash equivalents, interest rate swaps, and trade accounts receivable. The Partnership places its cash and cash equivalents, consisting mostly of deposits, and enters into interest rate swap agreements with creditworthy financial institutions rated by qualified rating agencies. A limited number of financial institutions hold the Partnership's cash. Most of the Partnership's revenues were derived from a few charterers. For the year ended December 31, 2013, CMTC, British Petroleum Shipping Limited (“BP”), A.P. Moller-Maersk A.S. (“Maersk”) and Hyundai Merchant Marine Co Ltd (“HMM”) accounted for 32%, 17%, 14% and 13% of the Partnership's total revenue, respectively. For the year ended December 31, 2012, CMTC and BP accounted for 45% and 23% of the Partnership's total revenue, respectively. For the year ended December 31, 2011, BP, CMTC, and Overseas Shipholding Group Inc. (“OSG”) accounted for 32%, 24% and 11% of the Partnership's total revenue, respectively. The Partnership does not obtain rights of collateral from its charterers to reduce its credit risk.

(p)

Fair Value of Financial Instruments: On January 1, 2008, the Partnership adopted the accounting guidance for Fair Value Measurements for financial assets and liabilities and any other assets and liabilities carried at fair value. This guidance defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The carrying value of trade receivables, due from related parties, due to related parties, accounts payable and current accrued liabilities approximates their fair value. The fair values of long-term variable rate bank loans approximate the recorded values, due to their variable interest 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, 2013. Interest rate swaps are recorded at fair value on the consolidated balance sheet.

(q)

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

(r)

Net Income / (Loss) Per Limited Partner Unit: Basic net income per limited partner unit is calculated by dividing Partnership's net income less net income allocable to preferred unit holders, general partner interest in net income (including incentive distribution rights) and net income allocable to unvested units by the weighted-average number of outstanding limited partner units 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.

(s)

Income Taxes: The Partnership is not subject to the payment of any income tax on its income. Instead, a tax is levied based on the tonnage of the vessels, which is included in operating expenses (Note 11).

(t)

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.

(u)

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 a total fair value of such units is recognized on a straight-line basis over the requisite service period. In addition, unvested awards granted to non-employees are measured at their then-current fair value as of the financial reporting dates until non-employees complete the service (Note 14).

(v)

Recent Accounting Pronouncements: There are no recent accounting pronouncements issued during 2013 whose adoption would have a material effect on the Partnership's consolidated financial statements in the current year or expected to have an impact on future years.

Acquisitions

12 Months Ended

Dec. 31, 2013

Business Acquisitions (Abstract)

Acquistions

3. Acquisitions

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

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

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


•			Purchase Price

The total purchase consideration of $65,000 was funded using a portion of the $75,000 that the Partnership had drawn down under its new loan facility (Note 7), part of the net proceeds from the issuance of 13,685,000 Partnership's Common Units in August 2013 (Note 13) and part of the Partnership's available cash.

•

Acquisition related costs

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

•

Purchase price allocation

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

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


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

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

•

Identifiable intangible assets

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


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

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

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

•

Pro Forma Financial Information

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

	•		The Partnership's actual results of operations for the year ended December 31, 2013

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

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

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

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

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

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

•

Purchase Price

•

Acquisition related costs

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

•

Purchase price allocation

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

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


	As of September 11, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,329
Identifiable assets	$	73,329
Purchase price		(65,000	)
Gain from bargain purchase	$	8,329

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

•

Identifiable intangible assets

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


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

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

•

Pro Forma Financial Information

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

	•		The Partnership's actual results of operations for the year ended December 31, 2013

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

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


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

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

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

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

•

Purchase Price

•

Acquisition related costs

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

•

Purchase price allocation

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

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


	As of September 11, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,358
Identifiable assets	$	73,358
Purchase price		(65,000	)
Gain from bargain purchase	$	8,358

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

•

Identifiable intangible assets

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


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

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

•

Pro Forma Financial Information

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

	•		The Partnership's actual results of operations for the year ended December 31, 2013

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

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


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

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

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

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

•

Purchase Price

The total purchase consideration of $65,000 was funded by $27,000 through a draw-down from the Partnership's $350,000 credit facility (Note 7), by $36,279 representing part of the net proceeds from the issuance of 9,100,000 Partnership's Class B Convertible Preferred Units in March 2013 (Note 13) and by $1,721 from the Partnership's available cash.

•

Acquisition related costs

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

•

Purchase price allocation

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

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


	As of March 20, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,707
Identifiable assets	$	73,707
Purchase price		(65,000	)
Gain from bargain purchase	$	8,707

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

•

Identifiable intangible assets

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


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

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

•

Pro Forma Financial Information

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

	•		The Partnership's actual results of operations for the year ended December 31, 2013

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

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

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

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

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

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

•

Purchase Price

The total purchase consideration of $65,000 was funded by $27,000 through a draw-down from the Partnership's $350,000 credit facility (Note 7), by $36,278 representing part of the net proceeds from the issuance of Partnership's Class B Convertible Preferred Units in March 2013 (Note 13) and by $1,722 from the Partnership's available cash.

•

Acquisition related costs

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

•

Purchase price allocation

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

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


	As of March 27, 2013
Vessel	$	54,000
Above market acquired time charter	$	19,768
Identifiable assets	$	73,768
Purchase price	$	(65,000	)
Gain from bargain purchase	$	8,768

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

•

Identifiable intangible assets

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


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

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

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

•

Pro Forma Financial Information

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

f. Agamemnon Container Carrier Corp. (M/V Agamemnon)

On December 22, 2012, the Partnership acquired the shares of Agamemnon Container Carrier Corp., the vessel owning company of the M/V Agamemnon, (“Agamemnon”), from CMTC in exchange for the shares of the Partnership's wholly owned subsidiary Achilleas Carriers Corp., the vessel owning company of the M/T Achilleas (“Achilleas”) following the unanimous recommendation of the conflicts committee and the unanimous approval of the board of directors. The vessel at the time of her acquisition by the Partnership operated under a three year time charter, with Maersk. The time charter commenced in June 2012 and the earliest expiry is in July 2015. Maersk has the option to extend the charter for up to an additional four years. The acquisition of Agamemnon was deemed accretive to the Partnership's distributions.

The Partnership accounted for the acquisition of Agamemnon as an acquisition of a business. All assets and liabilities of Agamemnon except the vessel, necessary permits and time charter agreement, were retained by CMTC. Furthermore up to the date of the exchange of Achilleas Carriers Corp., all assets and liabilities of Achilleas, except the vessel, were retained by the Partnership. CMTC has also waived any compensation for the early termination of the charter of Achilleas. The purchase price of the acquisition has been allocated to the identifiable assets acquired.

•

Purchase Price

The total purchase consideration of $70,250 is comprised of:

a) $68,875 representing the fair value of Achilleas, and;

b) $1,375 representing the cash consideration paid to CMTC by the Partnership.

•

Acquisition related costs

Acquisition-related costs of approximately $5.0 are included in general and administrative expenses in the consolidated statements of comprehensive income / (loss) for the year ended December 31, 2012.

•

Purchase price allocation

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

The fair value allocated to each class of identifiable assets of Agamemnon was calculated as follows:


	As of December 22, 2012
Vessel	$	68,000
Above market acquired time charter	$	2,250

Identifiable assets	$	70,250

Purchase price	$	(70,250)

•

Identifiable intangible assets

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


Intangible assets	As of December 22, 2012		Duration of time charter acquired

Above market acquired time charter	$	2,250		2.6 years

The fair value of the above market time charter acquired was determined as the difference between the time charter rate and the market rate for a comparable charter on the business combination date discounted at the WACC of approximately 11%.

Total revenues and net income of Agamemnon since its acquisition by the Partnership were $318 and $185 respectively and included in the Partnership's consolidated statements of comprehensive income / (loss) for the year ended December 31, 2012.

•

Pro Forma Financial Information

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

	•		The Partnership's actual results of operations for the year ended December 31, 2012 excluding non recurring transactions such as Achilleas impairment charge of $21,614 (Note 5) as well as the actual results of operations of Achilleas for the period from January 1, 2012 to December 21, 2012 and actual acquisition related costs the Partnership incurred in connection with the acquisition of Agamemnon;
	•		The Partnership's actual results of operations for the year ended December 31, 2011 adjusted for non recurring transactions such as Achilleas impairment charge of $21,614 and actual acquisition related costs the Partnership incurred in connection with the acquisition of Agamemnon. Achilleas actual results of operations for the period from October 1, 2011 to December 31, 2011 have been excluded from the Partnership's actual results of operations as the vessel owning company of Achilleas was a fully owned subsidiary of Crude which was merged with the Partnership on September 30, 2011 (Note 3i) and;
	•		Pro forma results of operations of Agamemnon for the period from January 1, 2012 to December 21, 2012 and for the year ended December 31, 2011 as if Agamemnon was operating under post acquisition revenue and cost structure.

The combined results do not purport to be indicative of the results of the operations which would have resulted had the acquisition been effected at beginning of the applicable period noted above, or the future results of operations of the combined entity.The following table summarizes total net revenues; net income / (loss) and net income / (loss) per common unit of the combined entity had the acquisition of Agamemnon occurred on January 1, 2011:


	For the year ended December 31,
	2012			2011
Total revenues	$	154,227		$	137,065
Partnership's net income		2,210			72,508
Preferred unit holders' interest in Partnership's net income		10,809			-
General Partner's interest in Partnership's net (loss) / income		(172	)		1,450
Common unit holders interest in Partnership's net (loss) / income	$	(8,427	)	$	71,058
Net (loss) / income per common unit (basic and diluted)	$	(0.12	)	$	1.51

g. Archimidis Container Carrier Corp. (M/V Archimidis)

On December 22, 2012, the Partnership acquired the shares of Archimidis Container Carrier Corp., the vessel owning company of the M/V Archimidis, (“Archimidis”), from CMTC in exchange for the shares of the Partnership's wholly owned subsidiary Alexander The Great Carriers Corp., the vessel owning company of the M/T Alexander The Great (“Alexander The Great”) following the unanimous recommendation of the conflicts committee and the unanimous approval of the board of directors. The vessel at the time of her acquisition by the Partnership operated under a three year time charter, with Maersk. The time charter commenced in November 2012 and the earliest expiry is in October 2015. Maersk has the option to extend the charter for up to an additional four years. The acquisition of Archimidis was deemed accretive to the Partnership's distributions.

The Partnership accounted for the acquisition of Archimidis as an acquisition of a business. All assets and liabilities of Archimidis except the vessel, necessary permits and time charter agreement, were retained by CMTC. Furthermore up to the date of the exchange of Alexander the Great Carriers Corp., all assets and liabilities of Alexander the Great, except the vessel, were retained by the Partnership. CMTC has also waived any compensation for the early termination of the charter of Alexander the Great. The purchase price of the acquisition has been allocated to the identifiable assets acquired.

•

Purchase Price

The total purchase consideration of $67,250 is comprised of:

a) $68,875 representing the fair value of Alexander the Great and;

b) $1,625 representing the cash consideration the Partnership received by CMTC.

•

Acquisition related costs

•

Purchase price allocation

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

The fair value allocated to each class of identifiable assets of Archimidis was calculated as follows:


	As of December 22, 2012
Vessel	$	65,000
Above market acquired time charter	$	2,250

Identifiable assets	$	67,250

Purchase price	$	(67,250	)

•

Identifiable intangible assets

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


Intangible assets	As of December 22, 2012		Duration of time charter acquired
Above market acquired time charter	$	2,250		3.0 years

The fair value of the above market time charter acquired was determined as the difference between the time charter rate and market rate for comparable charter on the business combination date discounted at the WACC of approximately 11%.

Total revenues and net income of Archimidis since its acquisition by the Partnership were $321 and $178 respectively and included in the Partnership's consolidated statements of comprehensive income / (loss) for the year ended December 31, 2012.

•

Pro Forma Financial Information

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

	•		The Partnership's actual results of operations for the year ended December 31, 2012 excluding non recurring transactions such as Alexander the Great impairment charge of $21,564 (Note 5) as well as the actual results of operations of Alexander the Great for the period from January 1, 2012 to December 21, 2012 and actual acquisition related costs the Partnership incurred in connection with the acquisition of Archimidis;
	•		The Partnership's actual results of operations for the year ended December 31, 2011 adjusted for non recurring transactions such as Alexander the Great impairment charge of $21,564 and actual acquisition related costs the Partnership incurred in connection with the acquisition of Archimidis. Alexander the Great actual results of operations for the period from October 1, 2011 to December 31, 2011 have been excluded from the Partnership's actual results of operations as the vessel owning company of Alexander the Great was a fully owned subsidiary of Crude which was merged with the Partnership on September 30, 2011 (Note 3i) and;
	•		Pro forma results of operations of Archimidis for the period from January 1, 2012 to December 21, 2012 and for the year ended December 31, 2011, as if Archimidis was operating under post acquisition revenue and cost structure.

The following table summarizes total net revenues; net (loss) / income and net (loss) / income per common unit of the combined entity had the acquisitions of Archimidis occurred on January 1, 2011:


	For the year ended December 31,
	2012			2011
Total revenues	$	155,011		$	139,890
Partnership's net income		2,746			72,813
Preferred unit holders' interest in Partnership's net income		10,809			—
General Partner's interest in Partnership's net (loss) / income		(161	)		1,456
Common unit holders interest in Partnership's net (loss)/income	$	(7,902	)	$	71,357
Net (loss)/income per common unit (basic and diluted)	$	(0.12	)	$	1.51

h. Patroklos Marine Corp. (M/V Cape Agamemnon)

On June 9, 2011, the Partnership acquired the shares of Patroklos Marine Corp., the vessel owning company of the M/V Cape Agamemnon (“Patroklos”), from CMTC as it was deemed accretive to the Partnership's distributions by the board of directors. The vessel at the time of her acquisition by the Partnership operated under a ten year time charter, with Cosco Bulk Carrier Co. Ltd. (“COSCO Bulk”), an affiliate of the COSCO Group. The time charter commenced in July 2010 and the earliest expiry under the charter is in June 2020. The acquisition of Patroklos was unanimously approved by the Partnership's Board of Directors following the unanimous approval and recommendation of the Board's conflicts committee, which is comprised entirely of independent directors.

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

•

Purchase Price

The total purchase consideration of $83,525 was funded by $1,470 from available cash, $25,000 through a draw down from the Partnership's credit facility with Credit Agricole Emporiki Bank and the remaining through the issuance of 6,958,000 Partnership's common units to CMTC at a price of $8.20 per unit as quoted on the Nasdaq Stock Exchange the date of the acquisition of Patroklos by the Partnership. Furthermore upon the acquisition of Patroklos, the Partnership issued another 142,000 of Partnership's common units. These units were converted into 142,000 of general partner units by the Partnership and delivered to Capital General Partner (“CGP”) in order for it to maintain its 2% interest in the Partnership. The Partnership received the amount of $1,470 in exchange for these general partner units.

•

Acquisition related costs

Acquisition-related costs of approximately $409 are included in general and administrative expenses in the consolidated statements of comprehensive income / (loss) for the year ended December 31, 2011.

•

Purchase price allocation

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

The fair value allocated to each class of identifiable assets of Patroklos and the gain from bargain purchase recorded as non operating income / (expense), net in the Partnership's consolidated statements of comprehensive income / (loss) for the year ended December 31, 2011 was calculated as follows:


	As of June 9, 2011
Vessel	$	51,500
Above market acquired time charter	$	48,551

Identifiable assets	$	100,051

Purchase price	$	(83,525	)

Gain from bargain purchase	$	16,526

The gain from bargain purchase of $16,526 has resulted from the decline of the Partnership's common unit price as the 6,958,000 common units which were issued to CMTC were valued at $8.20 per unit as quoted on the Nasdaq Stock Exchange on the day of the acquisition of Patroklos, as compared to the Partnership's common unit price of $10.35 representing a value of Partnership's common unit on the day CMTC and the Partnership agreed on the purchase consideration, including the issuance of these common units.

After a subsequent review and reassessment of valuation methods and procedures of the $100,051 fair value amount for identifiable assets acquired, the Partnership concluded that its measurements for the assets acquired appropriately reflect consideration of all available information that existed as of the acquisition date. Therefore, the Partnership recorded a gain from bargain purchase of $16,526 in accordance with ASC Subtopic 805-30 as of the Patroklos acquisition date.

•

Identifiable intangible assets

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


Intangible assets	As of June 9, 2011		Duration of time charter acquired
Above market acquired time charter	$	48,551		9.1 years

Total revenues and net income of Patroklos since its acquisition by the Partnership were $5,305 and $2,899 respectively and included in the Partnership's consolidated statements of comprehensive income / (loss) for the year ended December 31, 2011.

i. Crude

On September 30, 2011, the merger between the Partnership and Crude was successfully completed. The exchange ratio of this unit for share transaction was 1.56 Partnership's common units for each Crude share. The Partnership was the surviving entity in the merger and continued to be structured as a master limited partnership. This transaction was deemed accretive to the Partnership's distributions in the long term and it added to the balance sheet strength and financial flexibility of the Partnership.

The Crude acquisition has been accounted for using the acquisition method of accounting. Under the acquisition method of accounting, the total purchase price has been allocated to the all identifiable assets acquired and liabilities assumed with the excess of the fair value of assets acquired and liabilities assumed over the purchase price recorded as a gain from bargain purchase.

•

Purchase Price

The total purchase consideration of $157,064 was comprised of:

a) $155,559 representing the value of 24,344,176 Partnership's common units that were issued to Crude's shareholders', based on the exchange ratio of 1.56 Partnership's common units for each Crude share, at a price of $6.39 per unit as quoted on the Nasdaq Stock Exchange on September 30, 2011 the day of the successful closing of the acquisition and;

b) $1,505 representing the fair value attributable to precombination services of Crude's Equity Incentive Plan awards at the closing of the merger on September 30, 2011. Crude's Equity Incentive Plan awards consisted of 399,400 of Crude's common shares which were also exchanged at a ratio of 1.56 into 623,064 Partnership's common units at the closing of the merger.

Furthermore at the closing of the acquisition of Crude the Partnership converted 499,346 of Partnership's common units held by CMTC into 499,346 general partner units and delivered to CGP in order for it to maintain its 2% interest in the Partnership. For these units there was no cash consideration paid to the Partnership.

•

Acquisition related costs

Acquisition-related costs of approximately $4,225 were included in general and administrative expenses in the consolidated statements of comprehensive income / (loss) for the year ended December 31, 2011.

•

Purchase price allocation

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

The fair value allocated to each class of assets and liabilities of Crude and the gain from bargain purchase recorded as non operating income / (expense), net, in the Partnership's consolidated statements of comprehensive income / (loss) for the year ended December 31, 2011 was calculated as follows:


	As of September 30, 2011
Current assets	$	30,300
Vessels		351,750
Total liabilities		(159,059	)

Net assets acquired and liabilities assumed	$	222,991

Purchase price	$	(157,064	)

Gain from bargain purchase	$	65,927

The gain from bargain purchase of $65,927 has mainly resulted from:

•

the decline of the Partnership's common unit price as the common units which were issued to Crude's shareholders were valued at $6.39 per unit as quoted on the Nasdaq Stock Exchange on the day of the acquisition of Crude as compared to the Partnership's common unit price of $11.27 used to determine the exchange ratio of the unit for share transaction;

•

the fair value adjustments for the five crude tanker vessels comprising Crude's fleet on the day of the acquisition and;

•

the fair value attributable to precombination services of Crude's Equity Incentive Plan awards included into the purchase consideration.

After a subsequent review and reassessment of valuation methods and procedures of the $222,991 fair value amount for identifiable assets acquired and liabilities assumed, the Partnership concluded that its measurements for the identifiable assets acquired and liabilities assumed appropriately reflect consideration of all available information that existed as of the acquisition date. As a result of the merger and based on ASC Subtopic 805-30 the Partnership recorded a gain from bargain purchase of $65,927 in its consolidated statements of comprehensive income / (loss) as of the acquisition date.

Total revenues and net loss of Crude since its acquisition by the Partnership were $13,327 and $1,399 respectively and included in the Partnership's consolidated statements of comprehensive income / (loss) for the year ended December 31, 2011.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1490-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e7008-128479

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6927-128479

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1500-128463

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1524-128463

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e7000-128479

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4922-128472

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4934-128472

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4926-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1383-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6996-128479

+ Details

Transactions With Related Parties

12 Months Ended

Dec. 31, 2013

Transactions with Related Parties (Abstract)

Transactions with Related Parties

4. Transactions with Related Parties

The Partnership and its subsidiaries, have related-party transactions with the Manager, arising certain terms of the following three different types of management agreements.

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

Floating fee management agreement: On June 9, 2011, the Partnership entered into an agreement with its Manager based on actual expenses per managed vessel with an initial term of five years. Under the terms of this agreement the Partnership compensates its Manager for expenses and liabilities incurred on the Partnership's behalf while providing the agreed services, including, but not limited to, crew, repairs and maintenance, insurance, stores, spares, lubricants and other operating costs. Costs and expenses associated with a managed vessel's next scheduled dry docking are borne by the Partnership and not by the Manager. The Partnership also pays its Manager a daily technical management fee per managed vessel that is revised annually based on the United States Consumer Price Index; and

Crude management agreement: On September 30, 2011, the Partnership completed the acquisition of Crude. The five crude tanker vessels the Partnership acquired continue to be managed under a management agreement entered into in March 2010 with the Manager, whose initial term expires on December 31, 2020. Under the terms of this agreement the Partnership compensates the Manager for all of its expenses and liabilities incurred on the Partnership's behalf while providing the agreed services, including, but not limited to, crew, repairs and maintenance, insurance, stores, spares, lubricants and other operating and administrative costs. The Partnership also pays its Manager the following fees:

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

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

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

The Manager has the right to terminate the Crude management agreement and, under certain circumstances, could receive substantial sums in connection with such termination. As of March 2013 this termination fee had been adjusted to $9,654.

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

Under the terms of the fixed fee management agreement, the Manager charged the Partnership for additional fees and costs, relating to insurances deductibles, vetting, and repairs and spares that related to unforeseen events. For the years ended December 31, 2013, 2012 and 2011 such fees amounted to $644, $1,850 and $1,237, respectively. The 2013 and 2011 charge includes the amounts of $330 and $710 that reflect the claim proceeds the Partnership received for the M/T Aristofanis and the M/T Attikos respectively.

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

Balances and transactions with related parties consisted of the following:


Consolidated Balance Sheets	As of December 31, 2013		As of December 31, 2012
Assets:
Hire receivable (c)	$	667	$	—

Due from related parties		667		—

Total assets	$	667	$	—

Liabilities:
Manager - payments on behalf of the Partnership (a)	$	12,333		15,957
Management fee payable to CSM (b)		1,353		1,490

Due to related parties	$	13,686	$	17,447

Deferred revenue - current (e)		5,198		4,637

Total liabilities	$	18,884	$	22,084


	For the year ended December 31,
Consolidated Statements of Income	2013		2012		2011
Revenues (c)	$	54,974	$	69,938	$	31,799
Voyage expenses		314		554		165
Vessel operating expenses		17,039		23,634		30,516
General and administrative expenses (d)		3,052		3,092		1,630

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

(b) Management fee payable to CSM : The amount outstanding as of December 31, 2013 and 2012 represents the management fee payable to CSM as a result of the Management Agreements the Partnership entered into with the Manager.

(c) Revenues: The following table includes information regarding the charter agreements were in place between the Partnership and CMTC during 2013 and 2012.


Vessel Name	Time Charter (TC) in years	Commencement of Charter	Termination or earliest expected redelivery	Gross (Net) Daily Hire Rate
M/T Agisilaos	1 TC	08/2011	09/2012	$13.5 ($13.3)
M/T Agisilaos	1 TC	09/2012	09/2013	$13.5 ($13.3)
M/T Agisilaos	1 TC	09/2013	08/2014	$14.3 ($14.1)
M/T Axios	1 TC	06/2012	06/2013	$14.0 ($13.8)
M/T Axios	1 TC	06/2013	05/2014	$14.8 ($14.6)
M/T Arionas	1 TC	10/2011	11/2012	$13.8 ($13.6)
M/T Arionas	1 TC	11/2012	11/2013	$13.8 ($13.6)
M/T Arionas	1 TC	11/2013	10/2014	$14.3 ($14.1)
M/T Alkiviadis	2 TC	06/2010	07/2012	$13.0 ($12.8)
M/T Alkiviadis	1 TC	07/2012	07/2013	$13.4 ($13.2)
M/T Alkiviadis	1 TC	07/2013	06/2014	$14.3 ($14.1)
M/T Amore Mio II	0.9 to 1.2TC	12/2011	03/2012	$18.3 ($18.0)
M/T Amore Mio II	1 TC	12/2013	11/2014	$17.0 ($16.8)
M/T Avax	1 TC	05/2011	05/2012	$14.0 ($13.8)
M/T Avax	1 TC	05/2012	05/2013	$14.0 ($13.8)
M/T Avax	1 TC	05/2013	10/2013	$14.8 ($14.6)
M/T Akeraios	1 TC	07/2011	07/2012	$14.0 ($13.8)
M/T Akeraios	1 TC	07/2012	07/2013	$14.0 ($13.8)
M/T Akeraios	1.5 TC	07/2013	12/2014	$15.0 ($14.8)
M/T Apostolos	1 TC	09/2012	10/2013	$14.0 ($13.8)
M/T Apostolos	1.2 to 1.5 TC	10/2013	12/2014	$14.9 ($14.7)
M/T Anemos I	1.2 to 1.5 TC	12/2013	02/2015	$14.9 ($14.7)
M/T Aristotelis	1.5 to 2 TC	12/2013	06/2015	$17.0 ($16.8)
M/T Miltiadis M II	1 TC	03/2012	09/2012	$18.3 ($18.0)
M/T Alexander the Great(1)	1TC	11/2011	12/2012	$28.0 ($27.7)
M/T Amoureux	1┼1 TC	10/2011	1/2014	$20.0┼$24.0 ($19.8┼$23.7)
M/T Aias	1┼1 TC	11/2011	12/2013	$20.0┼$24.0 ($19.8┼$23.7)
M/T Aias	1 TC	12/2013	11/2014	$24.0 ($23.7)
M/T Agamemnon	1 TC	03/2013	10/2013	$14.5
M/T Achilleas (1)	1TC	01/2012	12/2012	$28.0 ($27.7)

)On December 22, 2012, the Partnership acquired the shares of the vessel owning companies of the M/V Agamemnon and the M/V Archimidis from CMTC in exchange of the shares of the vessel owning companies of the M/T Achilleas and the M/T Alexander The Great respectively (Note 3).

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

(e) Deferred Revenue: As of December 31, 2013 and 2012 the Partnership received cash in advance for revenue earned in a subsequent period from CMTC.

- Definition

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

+ References + Details

Vessels, net

12 Months Ended

Dec. 31, 2013

Vessels (Abstract)

Vessels

5. Vessels, net

An analysis of vessels is as follows:

	Net book Value
Carrying amount as at January 1, 2012	$	1,073,986
Acquisition and improvements		133,105
Disposals		(156,128	)
Impairment of vessels		(43,178	)
Depreciation		(48,235	)
Carrying amount as at December 31, 2012	$	959,550
Acquisitions and improvements		308,141
Disposals		(38,923)
Depreciation		(51,949	)
Carrying amount as at December 31, 2013	$	1,176,819

All of the Partnership's vessels as of December 31, 2013 have been provided as collateral to secure the Partnership's credit facilities.

On November 28, 2013, the Company acquired the M/T Aristarchos (renamed M/T Aristotelis), a 51,604 dwt eco type medium range product tanker built in 2013, from an unrelated third party, for a total consideration of $38,141 including initial expenses of $111. The acquisition price was funded from the selling proceeds of the M/T Agamemnon II and from the Partnership's available cash.

On November 5, 2013, the Company disposed the M/T Agamemnon II a 51,238 dwt chemical tanker built in 2008 for net proceeds of $32,192 to an unrelated third party. The Partnership realized a net loss on this disposal of $7,073 as the carrying value of the vessel at the time of her disposal was $38,923. This net loss is presented in the Partnership's consolidated statements of comprehensive income / (loss) as “Loss / (gain) on sale of vessels to third parties”. For the year ended December 31 2013, the Partnership has unpaid expenses relating to this sale of $343

On September 11, 2013, the Company acquired the shares of Anax Container Carrier S.A., the vessel owning company of the M/V Hyundai Prestige renamed to CCNI Angol, Thiseas Container Carrier S.A., the vessel owning company of the M/V Hyundai Privilege and Cronus Container Carrier S.A., the vessel owning company of the M/V Hyundai Platinum (Note 3). The vessels were recorded in the Partnership's financial statements at their respective fair values of $54,000 each as quoted by independent brokers at the time of their acquisition by the Partnership

On March 20 and March 27, 2013, the Company acquired the shares of Hercules Container Carrier S.A., the vessel owning company of M/V Hyundai Premium, and Iason Container Carrier S.A., the vessel owning company of the M/V Hyundai Paramount, respectively (Note 3). The vessels were recorded in the Partnership's financial statements at their respective fair values of $54,000 each as quoted by independent brokers at the time of their acquisition by the Partnership.

On December 22, 2012, the Partnership acquired the shares of the vessel owning companies of two post panamax container carrier vessels the M/V Agamemnon and the M/V Archimidis from CMTC in exchange of the shares of the vessel owning companies of two very large crude carrier vessels the M/T Achilleas and the M/T Alexander The Great respectively (Note 3). The M/V Agamemnon and the M/V Archimidis have been recorded in the Partnership's financial statements at their fair value as quoted by independent brokers at the time of the acquisition of $68,000 and $65,000 respectively.

In relation to the transaction described above the Partnership recorded an impairment charge of $43,178 which represents the difference between the carrying value of the M/T Achilleas and the M/T Alexander the Great of $180,928 and the fair market value of these vessels of $137,750 as quoted by independent brokers and is presented as “Vessels' impairment charge” in the Partnership's consolidated statements of comprehensive income / (loss). The vessel-owning companies of the M/T Achilleas and the M/T Alexander the Great were deconsolidated from the Partnership accounts as of the date of their disposal to CMTC. Results of operations, cash flows, and assets and liabilities of these vessels prior to their disposal to CMTC are included in the Partnership's consolidated financial statements.

On April 4, 2012 the Company disposed the M/T Aristofanis, a 12,000 dwt, chemical tanker built in 2005 for net proceeds of $9,867, to an unrelated third party. The Partnership realized a net gain on this disposal of $353 as the carrying value of the vessel at the time of her disposal was $9,514.

On February 14, 2012 the Company disposed the M/T Attikos, a 12,000 dwt chemical tanker built in 2005 for net proceeds of $9,807, to an unrelated third party. The Partnership realized a net gain on this disposal of $943 as the carrying value of the vessel at the time of her disposal was $8,864.

During 2012 the M/T Avax, M/T Axios, M/T Akeraios, M/T Apostolos, M/T Anemos and M/T Atrotos (renamed El Pipila) underwent improvements following their respective first special survey. These costs for these six vessels amounted to $105 and were capitalized as part of the respective vessels' historic cost.

Above Market Acquired Charters

12 Months Ended

Dec. 31, 2013

Above Market Acquired Charters (Abstract)

Above market acquired charters

6. Above market acquired charters

On September 11, 2013 the Partnership acquired the shares of Anax Container Carrier S.A., Thiseas Container Carrier S.A. and Cronus Container Carrier S.A., the vessel owning companies of the M/V Hyundai Prestige renamed to CCNI Angol, M/V Hyundai Privilege, and M/V Hyundai Platinum, respectively, from CMTC with outstanding time charters to Hyundai which were above the market rates for equivalent time charters prevailing at the time of acquisition. The present value of the above market acquired time charters were estimated by the Partnership at $19,094, $19,329 and $19,358, respectively, and recorded as an asset in the consolidated balance sheet as of the acquisition date (Note 3).

On March 20 and March 27, 2013 the Partnership acquired the shares of Hercules Container Carrier S.A. and Iason Container Carrier S.A., the vessel owning companies of M/V Hyundai Premium and M/V Hyundai Paramount, respectively, from CMTC with outstanding time charters to Hyundai which were above the market rates for equivalent time charters prevailing at the time of acquisition. The present value of the above market acquired time charters were estimated by the Partnership at $19,707 and $19,768, respectively, and recorded as an asset in the consolidated balance sheet as of the acquisition date (Note 3).

In December 22, 2012 the Partnership acquired the shares of Agamemnon and Archimidis, from CMTC with outstanding time charters to Maersk which were above the market rates for equivalent time charters prevailing at the time of acquisition. The present value of the above market acquired time charters were estimated by the Partnership at $2,250 each, and recorded as an asset in the consolidated balance sheet as of the acquisition date (Note 3).

In June 2011 the Partnership acquired the shares of Patroklos, the vessel-owning company of M/V Cape Agamemnon from CMTC with an outstanding time charter to COSCO Bulk terminating in June, 2020, which was above the market rates for equivalent time charters prevailing at the time of acquisition. The present value of the above market acquired time charter was estimated by the Partnership at $48,551, and recorded as an asset in the consolidated balance sheet as of the acquisition date (Note 3).

For the years ended December 31, 2013, 2012 and 2011 revenues included a reduction of 13,594, $7,904 and $5,489 as amortization of the above market acquired charters, respectively.

An analysis of above market acquired charters is as follows:

Above market acquired charters	M/V Cape Agamemnon		M/T Assos		M/V Agamemnon		M/V Archimidis		M/V Hyundai Premium		M/V Hyundai Paramount		M/V Hyundai Prestige		M/V Hyundai Privilege		M/V Hyundai Platinum		Total
Carrying amount as at January 1, 2012	$	45,543	$	5,581	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	51,124
Acquisitions		—		—		2,250		2,250		—		—		—		—		—		4,500
Amortization		(5,372	)	(2,488	)	(23	)	(21	)	—		—		—		—		—		(7,904)
Carrying amount as at December 31, 2012	$	40,171	$	3,093	$	2,227	$	2,229	$	—	$	—	$	—	$	—	$	—	$	47,720
Acquisitions		—		—		—		—		19,707		19,768		19,094		19,329		19,358		97,256
Amortization		(5,357	)	(2,481	)	(864	)	(797	)	(1,311	)	(1,240	)	(519	)	(513	)	(512	)	(13,594	)
Carrying amount as at December 31, 2013	$	34,814	$	612	$	1,363	$	1,432	$	18,396	$	18,528	$	18,575	$	18,816	$	18,846	$	131,382

As of December 31, 2013 the remaining carrying amount of unamortized above market acquired time and bare-boat charters was $131,382 and will be amortized in future years as follows:

For the twelve month period ended December 31,	M/V Cape Agamemnon	M/T Assos	M/V Agamemnon	M/V Archimidis	M/V Hyundai Premium	M/V Hyundai Paramount	M/V Hyundai Prestige	M/V Hyundai Privilege	M/V Hyundai Platinum	Total
2014	$5,357	$612	$863	$796	$1,668	$1,670	$1,693	$1,672	$1,669	$16,000
2015	5,357	-	500	636	1,668	1,670	1,693	1,672	1,669	14,865
2016	5,372	-	-	-	1,668	1,670	1,697	1,675	1,674	13,756
2017	5,357	-	-	-	1,668	1,670	1,693	1,672	1,669	13,729
2018	5,357	-	-	-	1,668	1,670	1,693	1,672	1,669	13,729
Thereafter	8,014	-	-	-	10,056	10,178	10,106	10,453	10,496	59,303
Total	$34,814	$612	$1,363	$1,432	$18,396	$18,528	$18,575	$18,816	$18,846	$131,382

Long-Term Debt

12 Months Ended

Dec. 31, 2013

Long-Term Debt (Abstract)

Long-Term Debt

7. Long-Term Debt

Long-term debt consists of the following:


	Bank Loans	Entity	As of December 31, 2013			As of December 31, 2012			Margin
(i)	Issued in April, 2007 maturing in June, 2017	Capital Product Partners L.P.	$	250,850	$		250,850	2.00		%
(ii)	Issued in March, 2008 maturing in March 2018	Capital Product Partners L.P.	$	238,465			188,515	3.00		%
(iii)	Issued in June 2011 maturing in March 2018	Capital Product Partners L.P.	$	19,000			19,000	3.25		%
(iv)	Issued in September 2013 maturing in December 2020	Capital Product Partners L.P.	$	75,000			-	3.50		%
	Total		$	583,315	$		458,365
	Less: Current portion		$	5,400			-
	Long-term portion		$	577,915	$		458,365

As at December 31, 2013, the amounts drawn down under the Partnership's four credit facilities were as follows:


Vessel / Entity	Date		$370,000 Credit Facility (i)		$350,000 Credit Facility (ii)		$25,000 Credit Facility (iii)		$225,000 Senior Secured Credit Facility (iv)
M/T Akeraios		07/13/2007	$	46,850	$	—	$	—	$ —
M/T Apostolos		09/20/2007		56,000		—		—	—
M/T Anemos I		09/28/2007		56,000		—		—	—
M/T Alexandros II		01/29/2008		48,000		—		—	—
M/T Amore Mio II		03/27/2008		—		46,000		—	—
M/T Aristofanis		04/30/2008		—		11,500		—	—
M/T Aristotelis II		06/17/2008		20,000		—		—	—
M/T Aris II		08/20/2008		24,000		1,584		—	—
M/V Cape Agamemnon		06/09/2011		—		—		19,000	—
M/V Hyundai Premium		03/20/2013		—		24,975		—	—
M/V Hyundai Paramount		03/27/2013		—		24,975		—	—
M/V Hyundai Prestige(CCNI Angol), M/V Hyundai Privilege, M/V Hyundai Platinum		09/06/2013		—		—		—	75,000
Crude Carriers Corp. and its subsidiaries		09/30/2011		—		129,431		—	—
Total			$	250,850	$	238,465	$	19,000	$ 75,000

In September 2013 the Partnership entered into a new senior secured credit facility of up to $200,000, which was amended in December, 2013 to upsize it up to $225,000, led by ING Bank N.V. in order to partly finance the acquisition cost of certain vessels. The facility is divided in two tranches. Tranche A consisted of $75,000 which was drawn down on September 11, 2013, in order to part finance the acquisition cost of the shares of Anax Container Carrier S.A., Cronus Container Carrier S.A. and Thiseas Container Carrier S.A. that were the owning companies of the 2013-built 5,000 TEU container vessels “Hyundai Prestige” (renamed to “CCNI Angol”), “Hyundai Privilege” and “Hyundai Platinum” respectively (Note 3). Tranche B, consisted of $150,000, which will be available in multiple advances in order to finance up to 50% of the acquisition cost of certain additional ships or to finance the cost of acquiring the issued share capital of an additional vessel owning company. As of December 31, 2013 the Partneship had not drawn down any amount of Tranche B. The facility is repayable in twenty consecutive quarterly installments, beginning in March 2016, in the amount that provides for the overall thirteen and sixteen year repayment profiles on sub facilities A (Tranche A) and B (Tranche B) respectively, after adjustment for the security vessel age at acquisition date and availability period.

All amounts outstanding, including the balloon payment, will become due and payable in December 2020. The facility bears interest at LIBOR plus a margin of 3.50% and commitment fees of 1.0%.

In November, 2013 the Partnership amended its credit facility of $370,000 in order to replace the M/T Agamemnon II which was sold on November 5, 2013 (Note 5) with the M/T Aristotelis as a security.

In March, 2013, the Partnership's credit facility of $350,000 was converted into a term loan, and the undrawn amount of $1,420 was cancelled.

On March 20, and March 27, 2013, the Partnership had drawn in total the amount of $54,000 from the undrawn portion of its $350,000 credit facility in order to partly finance the acquisition of the vessel owning companies of the M/V Hyundai Premium and the M/V Hyundai Paramount respectively (Note 3). The amount of $54,000 is payable in twenty equal consecutive quarterly installments of $1,350 commencing in June 2013 plus a balloon payment of $27,000 in March 2018.

Following the exchange of the M/T Achilleas with the M/V Agamemnon and the M/T Alexander the Great with the M/V Archimidis in December 2012, the Partnership prepaid from its available cash the amount of $5,149 and the M/V Archimidis and the M/V Agamemnon replaced the M/T Alexander the Great and the M/T Achilleas as collateral under its credit facility of $350,000.

Following the issuance of Class B Convertible Preferred Units in May and June 2012 (Note 13), the Partnership prepaid debt of $149,566 across its three credit facilities by using in full the net proceeds of the issuance of $136,419 and an amount of $13,147 from its available cash. Following the debt repayment of $149,566, on May 23, 2012 the Partnership's credit facilities were amended: a) The new amortization schedule will commence in March 2016 b) the margin of the credit facility of $370,000 and $350,000 has increased to 2% and 3% respectively and c) the Partnership's credit facility of $370,000 was converted into a term loan, and the undrawn tranche of $52,500 relating to the credit facility of $350,000 was cancelled.

The Partnership's loan of $370,000 will be repaid in 6 equal consecutive quarterly installments of $12,975 commencing in March, 2016 plus a balloon payment due in June, 2017. The Partnership's credit facilities of $350,000 and $25,000 will be repaid in 9 equal consecutive quarterly installments of $7,855 and $1,000 respectively commencing in March, 2016 plus a balloon payment for each facility due in March, 2018.

On April 4, 2012, an amount of $10,500 was repaid on the Partnership's revolving credit facility of $370,000, from the proceeds of the disposal of its vessel M/T Aristofanis.

On February 15, 2012, an amount of $10,000 was repaid on the Partnership's revolving credit facility of $370,000, from the proceeds of the disposal of its vessel M/T Attikos.

The Partnership's credit facilities contain customary ship finance covenants, including restrictions as to: changes in management and ownership of the mortgaged vessels, the incurrence of additional indebtedness, the mortgaging of vessels, the ratio of EBITDA to Net Interest Expenses shall be no less than 2:1, minimum cash requirement of $500 per vessel, as well as the ratio of net Total Indebtedness to the aggregate Market Value of the total fleet shall not exceed 0.725:1. The credit facilities also contain the collateral maintenance requirement in which the aggregate average fair market value, of the collateral vessels shall be no less than 125% of the aggregate outstanding amount under these facilities. Also the vessel-owning companies may pay dividends or make distributions when no event of default has occurred and the payment of such dividend or distribution has not resulted in a breach of any of the financial covenants. As of December 31, 2013 and 2012 the Partnership was in compliance with all financial debt covenants.

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

The Partnership's credit facilities contain a “Market Disruption Clause” where the lenders, at their discretion, may impose additional interest margin if their borrowing rate exceeds effective interest rate (LIBOR) stated in the loan agreement with the Partnership. For the years ended December 31, 2013, 2012 and 2011 the Partnership incurred an additional interest expense in the amount of $0, $373 and $1,290 respectively due to the “Market Disruption Clause”.

For the years ended December 31, 2013, 2012 and 2011, the Partnership recorded interest expense of $14,982, $25,788 and $32,216, respectively. As of December 31, 2013 and 2012 the weighted average interest rate of the Partnership's loan facilities was 2.81% and 3.11%, respectively.

The required annual loan payments to be made subsequent to December 31, 2013 are as follows:


	$370,000 Credit Facility (i)	$350,000 Credit Facility (ii)	$25,000 Credit Facility (iii)	$225,000 Senior Secured Credit Facility(iv)	Total
2014	$-	$5,400	$-	$-	$5,400
2015	-	5,400	-	-	5,400
2016	51,900	36,819	4,000	5,769	98,488
2017	198,950	36,819	4,000	5,769	245,538
2018	-	154,027	11,000	5,769	170,796
Thereafter	-	-	-	57,693	57,693
Total	$250,850	$238,465	$19,000	$75,000	$583,315

Derivative Instruments

12 Months Ended

Dec. 31, 2013

Derivative Instruments (Abstract)

Derivative Instruments

8. Derivative Instruments

The Partnership had entered into fourteen interest rate swap agreements in order to mitigate the exposure from interest rate fluctuations. Nine of the Partnership's interest rate swap agreements under its $370,000 credit facility expired as of June 29, 2012 and one was terminated upon the disposal of the M/T Attikos and the M/T Aristofanis. During the year ended December 31, 2012, the Partnership terminated one interest rate swap agreement in full and one partially under its $350,000 credit facility. During the year ended December 31, 2013, the Partnership's three remaining swaps with a notional amount of $59,084 expired.

All derivatives are carried at fair value on the consolidated balance sheet at each period end. Balances as of December 31, 2013 and December 31, 2012 are as follows:


	December 31, 2013				December 31, 2012
	Interest Rate Swaps		Total		Interest Rate Swaps		Total
Short-term liabilities	$	-	$	-	$	467	$	467
Long-term liabilities	$	-	$	-	$	-	$

Total	$	-	$	-	$	467	$	467

Tabular disclosure of financial instruments is as follows:


Derivative Liabilities
Balance sheet location	As of December 31, 2013 Fair value		As of December 31, 2012 Fair value
Derivatives designated as hedging instruments - effective hedges
Derivative instruments long-term liabilities.	$	-	$	-
Derivative instruments short-term liabilities.	$	-	$	100

Total derivatives not designated as hedging instruments - ineffective hedges
Derivative instruments short-term liabilities.	$	-	$	367

Total Derivative Liabilities	$	-	$	467

The table below shows the effective portion of the hedging relationship of the Partnership's derivatives designated as hedging instruments recognized in Other Comprehensive Income (“OCI”), the realized losses from net interest rate settlements transferred from OCI into the Partnership's consolidated statements of comprehensive income / (loss) and the amounts recognized in the consolidated statements of comprehensive income / (loss) arising from the hedging relationships not qualifying for hedge accounting for the years ended December 31, 2013, 2012 and 2011, respectively:

Derivatives designated in cash flow hedging relationships recognized in OCI (Effective Portion)	Change in Fair Value of Hedging instrument recognized in OCI (Effective Portion)			Location of Gain/(loss) Reclassified into consolidated statements of comprehensive /income (Effective Portion)	Amount of Loss Reclassified from OCI into consolidated statements of comprehensive income (Effective Portion)			Amount of Gain recorded in OCI (Effective Portion)			Location of Gain/(loss) Recognized in the consolidated statements of comprehensive /income (ineffective portion)	Amount of Gain/(Loss) recognized the consolidated statements of comprehensive / income
	2013	2012	2011		2013	2012	2011	2013	2012	2011		2013	2012	2011
Interest rate swaps	(4	)(1,903)	(4,234	)Interest expense and finance cost	(466	)(12,665)	(21,752	)462	10,762	17,518		4	1,448	2,310

The Partnership follows the accounting guidance for derivative instruments that establishes a framework for measuring fair value in 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 hierarchy for ranking the quality and reliability of the information used to determine fair values. The statement requires that assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories:

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

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

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

The Partnership's interest rate swap agreements, entered into pursuant to its loan agreements, are based on LIBOR swap rates. LIBOR swap rates are observable at commonly quoted intervals for the full terms of the swaps and therefore are considered Level 2 items. The fair values of the interest rate swap determined through Level 2 of the fair value hierarchy are derived principally from or corroborated by observable market data. Inputs include quoted prices for similar assets, liabilities (risk adjusted) and market-corroborated inputs, such as market comparable, interest rates, yield curves and other items that allow value to be determined. Fair value of the interest rate swaps is determined using a discounted cash flow method based on market-base LIBOR swap yield curves.

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


Derivatives	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
December 31, 2012	$	467		—	$	467		—

December 31, 2013	$	—		—	$	—		—

Since March 31, 2012 and May 23, 2012 two out of three interest rate swaps did not qualify as cash flow hedges and the changes in their fair value was recognized in the consolidated statements of comprehensive income / (loss) whilst the third interest rate swap agreement qualified as a cash flow hedge and the changes in its fair value is recognized in accumulated other comprehensive income / (loss). As a result the amount of $1,400 and $50, which was part of the Partnership's accumulated other comprehensive income / (loss) (“OCL”) as of March 31, 2012 and May 23, 2012 respectively, were attributable to the two ineffective hedges and were being amortized over their respective remaining term up to their maturity date March 27, 2013 and March 28, 2013, respectively in the Partnership's consolidated statements of comprehensive income by using the effective interest rate method.

The net result of the accumulated OCL amortization and the change of the fair value of certain interest rate swap agreements of $4, $1,448 and $2,310 is presented under other non operating income (expense) net as a “Gain on interest rate swap agreement” in the Partnership's consolidated statements of comprehensive income/(loss)for the years ended December 31, 2013, 2012 and 2011, respectively.

- Definition

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

+ References

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

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41620-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4D
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624177-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7668309&loc=d3e80784-113994

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41641-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4H
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+ Details

Accrued Liabilities

12 Months Ended

Dec. 31, 2013

Accrued Liabilities (Abstract)

Accrued Liabilities

9. Accrued Liabilities

Accrued liabilities consist of the following:


	As of December 31,
	2013		2012
Accrued loan interest and loan fees	$	312	$	62
Accrued operating expenses		2,501		1,311
Accrued voyage expenses and commissions		1,543		909
Accrued general and administrative expenses		1,031		499
Total	$	5,387	$	2,781

Voyage Expenses and Vessel Operating Expenses

12 Months Ended

Dec. 31, 2013

Voyage Expenses And Vessel Operating Expenses (Abstract)

Voyage Expenses And Vessel Operating Expenses

10. Voyage Expenses and Vessel Operating Expenses

Voyage expenses and vessel operating expenses consist of the following:


	For the years ended December 31,
	2013		2012			2011
Voyage expenses:
Commissions	$	2,742	$	1,752		$	1,844
Bunkers		2,473		3,921			8,400
Port expenses		226		-			1,390
Other		649		(5	)		96
Total	$	6,090	$	5,668		$	11,730

Vessel operating expenses:
Crew costs and related costs	$	21,154	$	13,230		$	2,963
Insurance expense		3,780		2,830			784
Spares, repairs, maintenance and other expenses		6,545		2,231			390
Stores and lubricants		5,022		3,115			651
Management fees		16,395		21,784			29,279
Vetting, insurances, spares and repairs (Note 4)		644		1,850			1,237
Other operating expenses		1,783		720			161
Total	$	55,323	$	45,760		$	35,465

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2013
Income Taxes (Abstract)
Income Taxes	11. Income Taxes Under the laws of the Marshall Islands, the country in which the vessel-owning subsidiaries were incorporated, these companies are not subject to tax on international shipping income. However, they are subject to registration and tonnage taxes in the country in which the vessels are registered and managed from, which have been included in vessel operating expenses in the accompanying consolidated statements of comprehensive income / (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, time, bareboat charter) earned by the foreign corporation and (b) more than 50% of the voting power and value of the foreign corporation's stock is “primarily and regularly traded on an established securities market” in the United States and certain other requirements are satisfied (the “Publicly-Traded Test”). The jurisdictions where the Partnership's vessel-owning subsidiaries are incorporated each grants an “equivalent exemption” to United States corporations with respect to each type of shipping income earned by the Partnership's ship-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, 2013, 2012 and 2011 and the ship-owning subsidiaries are exempt from United States federal income taxation with respect to U.S.-source shipping income.

Cash Flow

12 Months Ended

Dec. 31, 2013

Supplemental Cash Flow Information (Abstract)

Cash Flow (Table Text Block)

12. Cash Flow

On September 30, 2011 the acquisition of Crude was successfully completed (Note 3). As the merger agreement with Crude was a unit for share transaction no cash consideration was paid and thus the following assets and liabilities of Crude acquired in a non-cash transaction are not included into the Partnership's consolidated statement of cash flows for the year ended December 31, 2011.


Crude's Net Assets	As of September 30, 2011
Trade receivables	$	8,321
Prepayments and other assets		629
Inventories		9,503
Vessels		351,750
Total assets		370,203
Trade accounts payable	$	12,497
Due to related parties		10,457
Accrued liabilities		1,525
Long term debt		134,580
Total liabilities		159,059
Total Net Assets		211,144

Partners' Capital

12 Months Ended

Dec. 31, 2013

Partners' Capital (Abstract)

Partners' Capital

13. Partners' Capital

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

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

•

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

•

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

•

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

•

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

•

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

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

Incentive distribution rights represent the right to receive an increasing percentage of quarterly distributions of available cash from operating surplus after the minimum quarterly distribution and the target distribution levels have been achieved. The Partnership's general partner as of December 31, 2013, 2012 and 2011 holds the incentive distribution rights.

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


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

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

•

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

•

Thereafter, in the manner described in the above table under section “General Partner Interest and Incentive Distribution Rights”.

In August 2013, the Partnership completed successfully an equity offering of 13,685,000 common units, including 1,785,000 common units representing the overallotment option which was fully exercised, at a net price of $9.25 per common unit, receiving proceeds of $120,696 after the deduction of the underwriters' commissions. After the deduction of expenses relating to this equity offering the net proceeds of this offering amounted to $119,811. The net proceeds were used to partially fund the acquisition cost of the vessel owning companies of the M/V Hyundai Prestige, the M/V Hyundai Privilege and the M/V Hyundai Platinum from CMTC (Note 3). CMTC participated in both the offering and the exercise of the over-allotment option and purchased 279,286 units at the public offering price, subsequently, in August 2013, converting 349,700 common units into general partner units in order CGP to maintain its 2% interest in the Partnership.

During 2013 various investors' holders of Class B Convertible Preferred Units converted 5,733,333 Class B Convertible Preferred Units into common units.

On March 15, 2013 the Partnership entered into a Class B Convertible Preferred Unit Subscription Agreement (the “Agreement”) in order to issue 9,100,000 Class B Convertible Preferred Units at a price of $8.25 per Class B Convertible Preferred Unit to a group of investors including among others Kayne Anderson Capital Advisors L.P., Oaktree Capital Management L.P. and CMTC. The Partnership used the net proceeds of $72,557 to partially fund the acquisition of the vessel owning companies of the M/V Hyundai Premium and the M/V Hyundai Paramount from CMTC (Note 3).

On May 23, and June 6, 2012 the Partnership entered into a Class B Convertible Preferred Unit Subscription Agreement (the “Agreement”) with various investors. According to this Agreement the Partnership issued 15,555,554 Class B Convertible Preferred Units to a group of investors including Kayne Anderson Capital Advisors L.P., Swank Capital LLC, Salient Partners, Spring Creek Capital LLC, Mason Street Advisors LLC and CMTC for net proceeds of $136,419. The Partnership used the net proceeds to prepay part of its debt (Note 7). The holders of the Class B Convertible Preferred Units have the right to convert all or a portion of such Class B Convertible Preferred Units at any time into Common Units at the conversion price of $9 per Class B Convertible Preferred Unit and a conversion rate of one Common Unit per one Class B Convertible Preferred Unit. The Conversion Ratio and the Conversion Price shall be adjusted upon the occurrence of certain events as described to the Agreement.

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

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

Any distribution payable on the Class B Convertible Preferred Units for any partial quarter (other than the initial distribution payable on the Class B Convertible Preferred Units for the period from May 22, 2012 through June 30, 2012 that equals to $0.26736 for each Class B Convertible Preferred Unit ) shall equal the product of the minimum quarterly Class B Convertible Preferred Unit distribution rate of $0.21375 (equals to a 9.5% annual distribution rate, subject to adjustment in the cases where clause of change of control, and/or clause of cross default provisions of the “Agreement” applies).

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

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

As of December 31, 2013 and 2012 our partners' capital included the following units:


	As of December 31, 2013		As of December 31, 2012
Common units		88,440,710		69,372,077
General partner units		1,765,457		1,415,757
Preferred units		18,922,221		15,555,554
Total partnership units		109,128,388		86,343,388

During the years ended December 31, 2013, 2012 and 2011, the Partnership declared and paid dividends amounting to $88,241, $73,316 and $45,116, respectively.

Omnibus Incentive Compensation Plan

12 Months Ended

Dec. 31, 2013

Omnibus Incentive Compensation Plan (Abstract)

Omnibus Incentive Compensation Plan

14. Omnibus Incentive Compensation Plan

a. Partnership's Omnibus Incentive Compensation Plan

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

On August 25 and 31, 2010 CGP awarded 448,000 and 347,200 unvested units to Employees and Non-Employees, respectively. Awards granted to certain Employees vest in three equal annual installments. The remaining awards vested on August 31, 2013.

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

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

b. Crude's Equity Incentive Plan

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

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

The unvested units accrued distributions as declared and paid which were retained by the custodian of the Plan until the vesting date at which were payable to the grantee. As unvested shares grantees accrued dividends on awards that were expected to vest, such dividends were charged to Stockholders' equity prior to Crude's acquisition and were charged to the Partner's capital subsequently to the acquisition.

c. Acquisition of Crude by the Partnership

Upon the completion of the acquisition of Crude by the Partnership on September 30, 2011, the Crude's Equity Incentive Plan existing that date was incorporated into the Partnership's Plan at a ratio of 1.56 common Partnership's unit for each Crude share. The 205,000 unvested shares of Crude's Employee award converted to 319,800 Partnership's unvested units and the 194,400 unvested shares of Crude's Non-Employee award converted to 303,264 Partnership's unvested units. The terms and conditions of both plans are significantly the same and remained unchanged after the acquisition, with the exception of 20,000 Crude shares, which were converted to 31,200 Partnership's units upon the completion of the acquisition. These Crude shares were held by those members of the Crude's Independent Committee who were not designated by Crude to serve as a member of the Partnership board of directors and were vested in full immediately upon the consummation of the acquisition on September 30, 2011.

												'
	Employee equity compensation					Non-Employee equity compensation
Unvested Units	Units		Grant-date fair value				Units		Award-date fair value
Unvested on January 1, 2013		338,135		$	2,521			650,464		$	4,736
Vested		338,135			2,521			650,464			4,736
Unvested on December 31, 2013		—		$	—			—		$	—

For the year ended December 31, 2013, 2012, and 2011 the equity compensation expense that has been charged in the consolidated statements of comprehensive income / (loss) was $1,216, $1,834 and $1,358 for the Employee awards and $2,312, $1,992 and $1,097 for the Non-Employee awards, respectively. This expense has been included in general and administrative expenses for each respective year.

The Partnership has used the straight-line method to recognize the cost of the awards.

Net Income / (Loss) Per Unit

12 Months Ended

Dec. 31, 2013

Net (Loss) / Income Per Unit (Abstract)

Net (Loss)/ Income Per Unit

15. Net Income / (Loss) Per Unit

The general partner's, common unit holders' and subordinated unitholders' 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's 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 established by the Partnership's board of directors to provide for the proper resources for the Partnership's business. Unlike available cash, net income is affected by non-cash items. The Partnership follows the guidance relating to the Application of the Two-Class Method and its application to Master Limited Partnerships which considers whether the incentive distributions of a master limited partnership represent a participating security when considered in the calculation of earnings per unit under the Two-Class Method.

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

Under the Partnership Agreement, the holder of the incentive distribution rights in the Partnership, which is currently the CGP, assuming that there are no cumulative arrearages on common unit distributions, has the right to receive an increasing percentage of cash distributions after the minimum quarterly distribution (Note 13).

Excluding the non-cash gain from bargain purchase for the years ended December 31, 2013 and 2011 and vessels' impairment charge for the year ended December 31, 2012, as these were not distributed to the Partnership's unit holders the Partnership's net income for the respective years 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.

All common unit equivalents were antidilutive for the year ended December 31, 2012 because the limited partners were allocated a net loss in this period. The Partnership excluded the dilutive effect of 1,187,130 non-vested unit awards in calculating dilutive EPU for its common unitholders as of December 31, 2011 as they were anti-dilutive. The non-vested units are 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.

BASIC	2013	2012	2011
Numerators
Partnership's net income	$99,481	$(21,189)	$87,120
Less:
Partnership's net income available to preferred unit holders	18,805	10,809	-
General Partner's interest in Partnership's net income	1,598	(640	)1,742
Partnership's net income allocable to unvested units	678	-	1,571
Partnership's net income available to common unit holders	$78,400	$(31,358)	$83,807
Denominators
Weighted average number of common units outstanding, basic	75,645,207	68,256,072	47,138,336
Net income per common unit:
Basic	$1.04	$(0.46)	$1.78


DILUTED	2013		2012		2011
Numerators
Partnership's net income available to common unit holders		$99,481		$(21,189)		$87,120
Less:
General Partner's interest in Partnership's net income		1,574		(640		)1,742
Partnership's net income available to preferred unit holders		18,805		10,809		-
Partnership's net income allocable to unvested units		678		-		1,571
Add:
Partnership's net income available to preferred unit holders		18,805		-		-
Partnership's net income allocable to unvested units		678		-		-
		$97,907		$(31,358)		$83,807
Denominators
Weighted average number of common units outstanding, basic		75,645,207		68,256,072		47,138,336
Dilutive effect of preferred units		21,069,664		-		-
Dilutive effect of unvested shares		654,265		-		-
Weighted average number of common units outstanding, diluted		97,369,136		68,256,072		47,138,336
Net income per common unit:
Diluted		$1.01		$(0.46)		$1.78

Gain on sale of claim	12 Months Ended
Gain on sale of claim	Dec. 31, 2013
Gain on sale of claim (Abstract)
Gain on sale of claim	<div style="text-align:justify;line-height:1.15;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>16. Gain on sale of claim </b></font></div> <div style="text-align:justify;line-height:1.15;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div> <div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">On November 14, 2012, OSG and certain of its subsidiaries made a voluntary filing for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The Partnership had three IMO II/III Chemical/Product tankers (M/T Alexandros II, M/T Aristotelis II and M/T Aris II) or (the “Vessels”), all built in 2008 by STX Offshore & Shipbuilding Co. Ltd. with long term bareboat charters to subsidiaries of OSG (“Original Charter Contracts” or “Rejected Charters”). </font></div> <div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div> <div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">After discussions with OSG, the Partnership agreed to enter into new charter contracts (“New Charter Contracts”) with OSG on substantially the same terms as the Original Charter Contracts, but at a bareboat rate of $6.3 per day per vessel instead of $13.0 per day per vessel as per the Original Charter Contracts. The new charters were approved by the Bankruptcy Court on March 21, 2013 and were effective as of March 1, 2013. On the same date, the Bankruptcy Court also rejected the Original Charter Contracts as of March 1, 2013. Rejection of each charter constitutes a material breach of such charter. On May 24, 2013, the Partnership filed claims (the "Claims") against each of the charterers and their respective guarantors for damages resulting from the rejection of each of the Original Charter Contracts, including, among other things, the difference between the reduced amount of the New Charter Contracts and the amount due under each of the Rejected Charters. The total claim amount of the three claims stood at $54,096 (“Total Claim Amount”).</font></div> <div style="text-align:justify;line-height:1.15;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div> <div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">The Partnership unconditionally and irrevocably sold, transferred and assigned to Deutsche Bank, 100% of its right, title, interest, claims and causes of action in and to arising in connection with all three of the claims that the vessel-owning subsidiaries have against OSG, via Assignment Agreements signed on June 25, 2013, thus releasing the Partnership of any payments or distributions of money or property in respect of the claim to be delivered or made to Deutsche Bank. In connection with the Assignment Agreements, on July 2, 2013, Deutsche Bank filed with the Bankruptcy Court six separate Evidences of Transfer of Claim, each pertaining to the Partnership's vessel-owning subsidiaries' claims against each charterer party to the original three charter agreements and each respective guarantor thereof. </font></div> <div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div> <div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">On June 26, 2013 pursuant to the Assignment Agreements, the Partnership received from Deutsche Bank an amount of $32,000 as part payment for the assignment of the three claims. On December 18, 2013 the Partnership and Deutsche Bank entered into a Settlement Notice and Refund Modification Agreement according to which the maximum amount to be refunded to Deutsche Bank will be $644 which is presented under “Accrued liabilities” in the Partnership's consolidated Balance Sheets.</font></div> <div style="text-align:justify;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div> <div style="margin-bottom:10.0px;line-height:1.15;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Consequently, the Partnership has recorded the amount of $31,356 which represents the difference between the proceeds of $32,000 the Partnership received by Deutsche Bank and the maximum amount to be refunded to Deutsche Bank of $644, as “Gain on sale of claim” in its consolidated statement of comprehensive income / (loss). </font></div>

Commitments And Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies (Abstract)

Commitments and Contingencies

17. Commitments and Contingencies

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

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

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

•

Information available prior to the issuance of the financial statement indicates that it is probable that a liability has been incurred at the date of the financial statements.

•

The amount of the loss can be reasonably estimated.

(a)

Lease Commitments: The vessel-owning subsidiaries of the Partnership have entered into time and bareboat charter agreements, which as of December 31, 2013 are summarized as follows:


Vessel Name	Time Charter (“TC”)/ Bare Boat Charter (“BC”) (Years)	Commencement of Charter	Charterer	Profit Sharing (1)	Gross Daily Hire Rate (Without Profit Sharing)
M/V Archimidis (4)	3┼2┼1┼1 TC	11/2012	Maersk.		$34.0
M/V Agamemnon (4)	3┼2┼1┼1 TC	06/2012	Maersk		$34.0
M/T Amoureux	1 TC	1/2014	CMTC (6)	50/50(6)	$24.0
M/T Aias	1 TC	12/2013	CMTC (6)	50/50(6)	$24.0
M/T Atlantas (M/T British Ensign) (8)	5┼3┼2┼1 BC	04/2006	BP		$15.2 (5y) $13.5 (3y) $6.8 (2y)
M/T Aktoras (M/T British Envoy) (8)	5┼3┼1.5┼1 BC	07/2006	BP		$15.2 (5y) $13.5 (3y) $7.0 (1.5y)
M/V Cape Agamemnon	10 TC	07/2010	COSCO Bulk		$42.2
M/T Agisilaos	1 TC	09/2013	CMTC	50/50(3)	$14.3
M/T Arionas	1 TC	11/2013	CMTC	50/50(3)	$14.3
M/T Aiolos (M/T British Emissary) (8)	5┼3┼2┼1 BC	03/2007	BP		$15.2 (5y) $13.5 (3y) $7.0 (2y)
M/T Avax	1┼1 TC	10/2013	BP (7)	50/50 (3)	$14.8 (7)
M/T Axios	1 TC	06/2013	CMTC	50/50 (3)	$14.8
M/T Alkiviadis	1 TC	07/2013	CMTC	50/50 (3)	$14.3
M/T Assos (M/T Insurgentes)	5 BC	04/2009	Arrendadora Ocean Mexicana, S.A. de C.V renamed to Blue Marine Cargo S.A. de C.V. (“Blue Marine”). (5)		$16.8
M/T Atrotos (M/T El Pipila)	5 BC	04/2009	Blue Marine (5)	sss	$16.8
M/T Akeraios	1.5 TC	07/2013	CMTC	50/50(3)	$15.0
M/T Anemos I	1.2 TC	12/2013	CMTC	50/50(3)	$14.9
M/T Apostolos	1.2 TC	10/2013	CMTC	50/50(3)	$14.9
M/T Alexandros II (8) (M/T Overseas Serifos)	5 BC 5 BC	01/2008 05/2013	OSG (2)		$13.0 $6.3
M/T Aristotelis II (8) (M/T Overseas Sifnos)	5 BC 5 BC	06/2008 03/2013	OSG (2)		$13.0 $6.3
M/T Aris II (8) (M/T Overseas Kimolos)	5 BC 5 BC	08/2008 3/2013	OSG (2)		$13.0 $6.3
M/T Aristotelis	1.5 TC	12/2013	CMTC	50/50(3)	$17.0
M/T Ayrton II	1┼1 TC	04/2012	BP	50/50(3)	$14.0 (1y)┼$15 (1y)
M/T Amore Mio II	1 TC	12/2013	CMTC		$17.0
M/T Miltiadis M II	2 TC	09/2012	Subtec, S.A. de C.V.		$23.2
M/T Hyundai Prestige	12 TC	02/2013	HMM		$29.4
M/T Hyundai Premium	12 TC	03/2013	HMM		$29.4
M/T Hyundai Paramount	12 TC	04/2013	HMM		$29.4
M/T Hyundai Privilege	12 TC	05/2013	HMM		$29.4
M/T Hyundai Platinum	12 TC	06/2013	HMM		$29.4

(1	)Profit sharing refers to an arrangement between vessel-owning companies and charterers to share a predetermined percentage voyage profit in excess of the basic rate.
(2	)On November 14, 2012, OSG made a voluntary filing for relief under Chapter 11 of the U.S. Bankruptcy Code. After discussions with the Partnership and OSG agreed to enter into new charters contracts on substantially the same terms as the prior charters but at a bareboat rate of $6.3 per day. OSG has the option of extending the employment of each vessel following the completion of the bareboat charters for an additional two years on a time chartered basis at a rate of $16.5 per day. OSG has an option to purchase each of the three STX vessels at the end of the eighth, ninth or tenth year of the charter, for $38,000, $35,500 and $33,000, respectively, which option is exercisable six months before the date of completion of the eighth, ninth or tenth year of the charter. The expiration date above may therefore change depending on whether the charterer exercises its purchase option.
(3	)50/50 profit share for breaching IWL (Institute Warranty Limits - applies to voyages to certain ports at certain periods of the year).
(4	)M/V Archimidis and the M/V Agamemnon are employed on time charters with Maersk at a gross day rate of US$34.0 per day with earliest redelivery in October 2015 and July 2015, respectively. Maersk has the option to extend the charter of both vessels for an additional four years at a gross day rate of $31.5 and $30.5 per day, respectively for the fourth and fifth year and $32.0 per day for the final two years. If all options were to be exercised, the employment of the vessels would extend to July 2019 for the M/V Agamemnon and October 2019 for the M/V Archimidis.
(5	)Blue Marine has since delivered these vessels to the state-owned Mexican petroleum company Petroleos Mexicanos.
(6	)The vessel owning companies of the M/T Amoureux and the M/T Aias have entered into a one year time charter with Capital Maritime at a gross rate of $24.0 per day for each vessel with profit share on actual earnings settled every six months. The charters were commenced in January 2014 and December 2013 respectively.
(7) (8)	The vessel's actual earnings under its charter will be $14.75 gross per day until May 2014 and $14.8 gross per day between May and October 2014, as the new daily charter rate includes compensation that CMTC will pay to the Partnership for the vessel's early redelivery in accordance with the terms of the charter party agreement with CMTC. BP has the option to extend the charter for one year at a daily rate of $15.6 The M/T British Ensign will continue its bareboat charter with BP after the completion of its current charter in April 2014 for an additional 24 months at a bareboat rate of $6.8 per day. BP has the option to extend the duration of the charter for up to a further 12 months either as bareboat charter at a bareboat rate of $7.3 per day for the optional periods if declared or on time charter basis during the optional periods at a time charter rate of $14.3 per day, if declared. The M/T British Envoy will continue its bareboat charter with BP after the completion of the current charter in July 2014 for an additional 18 months at a bareboat rate of $7.0 per day. BP has the option to extend the charter duration for up to a further 12 months either as a bareboat charter at a bareboat rate $7.3 per day for the optional periods, if declared or as a time charter at a time charter rate of $14.3 per day, if declared. The M/T British Emissary will continue its bareboat charter with BP after the completion of its current charters in March 2015 for an additional 24 months at a bareboat rate of $7.0 per day. BP has the option to extend the duration of the charter for up to a further 12 months either as bareboat charter at a bareboat rate of $7.3 per day for the optional periods if declared or on a time charter basis during all optional periods at a time charter rate of $14.3 per day if declared.

Future minimum charter hire receipts, excluding any profit share revenue that may arise, based on non-cancelable long-term time and bareboat charter contracts, as of December 31, 2013 were:


Year ended December 31,	Amount
2014	$	183,430
2015		104,139
2016		79,454
2017		76,038
2018		70,692
Thereafter		351,292
Total	$	865,045

Subsequent Events

12 Months Ended

Dec. 31, 2013

Subsequent Events (Abstract)

Subsequent Events

18. Subsequent Events

(a)

Dividends: On January 22, 2014, the board of directors of the Partnership declared a cash distribution of $0.2325 per common unit for the fourth quarter of 2013. The fourth quarter common unit cash distribution was paid on February 14, 2014, to unit holders of record on February 7, 2014.

(b)

Dividends: On January 22, 2014, the board of directors of the Partnership declared a cash distribution of $0.21375 per Class B unit for the fourth quarter of 2013. The cash distribution was paid on February 10, 2014, to Class B unit holders of record on February 3, 2014.

Significant Accounting Policies (Policy)

12 Months Ended

Dec. 31, 2013

Significant Accounting Policies (Abstract)

Consolidation Policy Text Block

(a)

Use Of Estimates

(b)

Other Comprehensive Income

(c)

Accounting for Revenue, Voyage and Operating Expenses

(d)

Revenues are recorded over the term of the charter as service is provided and recognized on a pro-rata basis over the duration of the voyage.

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

•

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

•

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

Vessel operating expenses are expensed as incurred.

Foreign Currency Transactions

(e)

Cash And Cash Equivalents Policy

(f)

Restricted Cash

(g)

Trade Accounts Receivable

(h)

Inventories

(i)

Fixed Assets

(j)

Impairment of Long-Lived Assets

(k)

Intangible Assets

(l)

Deferred charges, net

(m)

Deferred charges, net: are comprised mainly of:

fees paid to lenders for obtaining new loans or refinancing existing loans and are capitalized as deferred finance charges and amortized to “interest expense and finance cost” over the term of the respective loan using the effective interest rate method; and
dry docking costs. The Partnership's vessels are required to be dry docked every thirty to sixty months for major repairs and maintenance that cannot be performed while the vessels are under operation. For the vessels that were operated under the floating fee management agreement and Crude's management agreement (Note 4) the Partnership has adopted the deferral method of accounting for dry docking activities whereby costs incurred are deferred and amortized on a straight line basis over the period until the next scheduled dry docking activity.

Pension and Retirement Benefit Obligations

(n)

Concentration of Credit Risk

(o)

Fair Value of Financial Instruments

(p)

Interest Rate Swap Agreements

(q)

Net Income Per Limited Partner Unit

(r)

Income Taxes

(s)

Segment Reporting

(t)

Omnibus Incentive Compensation Plan

(u)

Recent Accounting Pronouncements

(v)

Basis of Presentation and General Information (Tables)

12 Months Ended

Dec. 31, 2013

Basis Of Presentation and General Information (Abstract)

List Of Subsidiaries (Table Text Block)

Subsidiary

Date of Incorporation

Name of Vessel Owned by Subsidiary

DWT

Date acquired by the Partnership

Date acquired by CMTC

Capital Product Operating GP LLC

01/16/2007

—

Crude Carriers Corp.(6)

10/29/2009

—

09/30/2011

—

Crude Carriers Operating Corp. (6)

01/21/2010

—

09/30/2011

—

Shipping Rider Co.

09/16/2003

M/T Atlantas
(M/T British Ensign) (1)

36,760

04/04/2007

04/26/2006

Canvey Shipmanagement Co.

03/18/2004

M/T Assos
(M/T Insurgentes) (1),(4)

47,872

08/16/2010

04/04/2007

05/17/2006

Centurion Navigation Limited

08/27/2003

M/T Aktoras
(M/T British Envoy) (1)

36,759

04/04/2007

07/12/2006

Polarwind Maritime S.A.

10/10/2003

M/T Agisilaos (1)

36,760

04/04/2007

08/16/2006

Carnation Shipping Company

11/10/2003

M/T Arionas (1)

36,725

04/04/2007

11/02/2006

Apollonas Shipping Company

02/10/2004

M/T Avax (1)

47,834

04/04/2007

01/12/2007

Tempest Maritime Inc.

09/12/2003

M/T Aiolos
(M/T British Emissary) (1)

36,725

04/04/2007

03/02/2007

Iraklitos Shipping Company

02/10/2004

M/T Axios (1)

47,872

04/04/2007

02/28/2007

Epicurus Shipping Company

02/11/2004

M/T Atrotos
(M/T El Pipila) (2),(5)

47,786

03/01/2010

05/08/2007

Laredo Maritime Inc.

02/03/2004

M/T Akeraios (2)

47,781

07/13/2007

Lorenzo Shipmanagement Inc.

05/26/2004

M/T Apostolos (2)

47,782

09/20/2007

Splendor Shipholding S.A.

07/08/2004

M/T Anemos I (2)

47,782

09/28/2007

Ross Shipmanagement Co.

12/29/2003

M/T Attikos (3),(7)

12,000

09/24/2007

01/20/2005

Sorrel Shipmanagement Inc.

02/07/2006

M/T Alexandros II
(M/T Overseas Serifos) (2)

51,258

01/29/2008

Baymont Enterprises Incorporated

05/29/2007

M/T Amore Mio II (3)

159,982

03/27/2008

07/31/2007

Forbes Maritime Co.

02/03/2004

M/T Aristofanis (3),(8)

12,000

04/30/2008

06/02/2005

Wind Dancer Shipping Inc.

02/07/2006

M/T Aristotelis II
(M/T Overseas Sifnos) (2)

51,226

06/17/2008

Belerion Maritime Co.

01/24/2006

M/T Aris II
(M/T Overseas Kimolos) (2)

51,218

08/20/2008

Mango Finance Corp.

07/14/2006

M/T Agamemnon II (3), (4),(10)

51,238

04/07/2009

11/24/2008

Navarro International S.A.

07/14/2006

M/T Ayrton II (3), (5)

51,238

04/13/2009

04/10/2009

Adrian Shipholding Inc.

06/22/2004

M/T Alkiviadis (3)

36,721

06/30/2010

03/29/2006

Patroklos Marine Corp.

06/17/2008

M/V Cape Agamemnon

179,221

06/09/2011

01/25/2011

Cooper Consultants Co. renamed to

Miltiadis M II Carriers Corp.

04/06/2006

M/T Miltiadis M II (6)

162,000

09/30/2011

04/26/2006

Alexander the Great Carriers Corp.

01/26/2010

M/T Alexander The Great (6),(9)

297,958

09/30/2011

03/26/2010

Achilleas Carriers Corp.

01/26/2010

M/T Achilleas (6),(9)

297,863

09/30/2011

06/25/2010

Amoureux Carriers Corp.

04/14/2010

M/T Amoureux (6)

149,993

09/30/2011

—

Aias Carriers Corp.

04/14/2010

M/T Aias (6)

150,393

09/30/2011

—

Agamemnon Container Carrier Corp.

04/19/2012

M/V Agamemnon (9)

103,773

12/22/2012

06/28/2012

Archimidis Container Carrier Corp.

04/19/2012

M/V Archimidis (9)

103,773

12/22/2012

06/22/2012

Aenaos Product Carrier S.A.

10/16/2013

M/T Aristotelis

51,604

11/28/2013

—

Anax Container Carrier S.A

04/08/2011

M/V Hyundai Prestige

63,010

09/11/2013

02/19/2013

Hercules Container Carrier S.A.

04/08/2011

M/V Hyundai Premium

63,010

03/20/2013

03/11/2013

Iason Container Carrier S.A

04/08/2011

M/V Hyundai Paramount

63,010

03/27/2013

Thiseas Container Carrier S.A.

04/08/2011

M/V Hyundai Privilege

63,010

09/11/2013

05/31/2013

Cronus Container Carrier S.A.

07/19/2011

M/V Hyundai Platinum

63,010

09/11/2013

06/14/2013

Miltiadis M II Corp.

08/28/2012

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

Anax Container Carrier S.A.

Business Acquisition

Purchase price allocation (Table Text Block)

Identifiable intangible assets (Table Text Block)


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

Pro Forma Financial Information (Table Text Block)

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

Thiseas Container Carrier S.A.

Business Acquisition

Purchase price allocation (Table Text Block)

Identifiable intangible assets (Table Text Block)


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

Pro Forma Financial Information (Table Text Block)


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

Cronus Container Carrier S.A.

Business Acquisition

Purchase price allocation (Table Text Block)

Identifiable intangible assets (Table Text Block)


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

Pro Forma Financial Information (Table Text Block)


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

Hercules Container Carrier S.A.

Business Acquisition

Purchase price allocation (Table Text Block)

Identifiable intangible assets (Table Text Block)


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

Pro Forma Financial Information (Table Text Block)

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

Iason Container Carrier S.A.

Business Acquisition

Purchase price allocation (Table Text Block)

Identifiable intangible assets (Table Text Block)


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

Agamemnon Container Carrier Corp.

Business Acquisition

Purchase price allocation (Table Text Block)

Identifiable intangible assets (Table Text Block)


Intangible assets	As of December 22, 2012		Duration of time charter acquired

Above market acquired time charter	$	2,250		2.6 years

Pro Forma Financial Information (Table Text Block)


	For the year ended December 31,
	2012			2011
Total revenues	$	154,227		$	137,065
Partnership's net income		2,210			72,508
Preferred unit holders' interest in Partnership's net income		10,809			-
General Partner's interest in Partnership's net (loss) / income		(172	)		1,450
Common unit holders interest in Partnership's net (loss) / income	$	(8,427	)	$	71,058
Net (loss) / income per common unit (basic and diluted)	$	(0.12	)	$	1.51

Archimidis Container Carrier Corp.

Business Acquisition

Purchase price allocation (Table Text Block)

<div style="text-indent:0.0px;"></div> <table border="0" cellspacing="0" cellpadding="0" style=" margin-left: 122.7px;pt;border-collapse: collapse; border: none"> <tr> <td valign="middle" style=" border:solid #000000 0.0px;width:432px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:71px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:88px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:432px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:71px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:center;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>As of<br/>December 22, 2012</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:432px;background-color:#ccffff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Vessel</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:71px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">$</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:88px;background-color:#ccffff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">65,000</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:432px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Above market acquired time charter</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:71px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">$</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:88px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">2,250</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:432px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:71px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:88px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:432px;background-color:#ccffff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Identifiable assets</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:71px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:88px;background-color:#ccffff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>67,250</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:432px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:71px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:88px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:432px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Purchase price</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:71px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:88px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>(67,250</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>) </b></font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:432px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:71px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:88px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> </tr> </table> <div></div>

Identifiable intangible assets (Table Text Block)


Intangible assets	As of December 22, 2012		Duration of time charter acquired
Above market acquired time charter	$	2,250		3.0 years

Pro Forma Financial Information (Table Text Block)


	For the year ended December 31,
	2012			2011
Total revenues	$	155,011		$	139,890
Partnership's net income		2,746			72,813
Preferred unit holders' interest in Partnership's net income		10,809			—
General Partner's interest in Partnership's net (loss) / income		(161	)		1,456
Common unit holders interest in Partnership's net (loss)/income	$	(7,902	)	$	71,357
Net (loss)/income per common unit (basic and diluted)	$	(0.12	)	$	1.51

Patroklos Marine Corp.

Business Acquisition

Purchase price allocation (Table Text Block)

<div style="text-indent:0.0px;"></div> <table border="0" cellspacing="0" cellpadding="0" style=" margin-left: 122.7px;pt;border-collapse: collapse; border: none"> <tr> <td valign="middle" style=" border:solid #000000 0.0px;width:495px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:45px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:24px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:69px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:495px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:45px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border:solid #000000 0.0px;width:93px;"><div style="text-align:center;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>As of</b></font></div><div style="text-align:center;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>June 9, 2011</b></font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:495px;background-color:#ccffff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Vessel</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:45px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:24px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">$</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:69px;background-color:#ccffff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">51,500</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:495px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Above market acquired time charter</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:45px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:24px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">$</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:69px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">48,551</font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:495px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:45px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:24px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:69px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:495px;background-color:#ccffff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Identifiable assets</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:45px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:24px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:69px;background-color:#ccffff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>100,051</b></font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:495px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:45px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:24px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:69px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:495px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Purchase price</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:45px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:24px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">$</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:69px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">(83,525</font></div></td><td valign="bottom"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">)</font></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:495px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:45px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:24px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:69px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:495px;background-color:#ccffff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Gain from bargain purchase</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:45px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:24px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:69px;background-color:#ccffff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>16,526</b></font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:495px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:45px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:24px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:69px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> </tr> </table> <div></div>

Identifiable intangible assets (Table Text Block)


Intangible assets	As of June 9, 2011		Duration of time charter acquired
Above market acquired time charter	$	48,551		9.1 years

Crude Carriers Corp.

Business Acquisition

Purchase price allocation (Table Text Block)

<div style="text-indent:0.0px;"></div> <table border="0" cellspacing="0" cellpadding="0" style=" margin-left: 122.7px;pt;border-collapse: collapse; border: none"> <tr> <td valign="middle" style=" border:solid #000000 0.0px;width:428px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:66px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:96px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:428px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:66px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:139px;"><div style="text-align:center;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>As of<br/>September 30, 2011</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:428px;background-color:#ccffff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Current assets</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:66px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">$</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:96px;background-color:#ccffff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">30,300</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:428px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Vessels</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:66px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:96px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">351,750</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:428px;background-color:#ccffff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Total liabilities</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:66px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:96px;background-color:#ccffff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">(159,059</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">) </font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:428px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:66px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:96px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:428px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Net assets acquired and liabilities assumed</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:66px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:96px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>222,991</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:428px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:66px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:96px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:428px;background-color:#ccffff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Purchase price</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:66px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">$</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:96px;background-color:#ccffff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">(157,064</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#ccffff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">) </font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:428px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:66px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:96px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:428px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Gain from bargain purchase</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:66px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:96px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>65,927</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:428px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:66px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:96px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> </tr> </table> <div></div>

Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2013

Transactions with Related Parties (Abstract)

Balances and Transactions with Related Parties (Table Text Block)


Consolidated Balance Sheets	As of December 31, 2013		As of December 31, 2012
Assets:
Hire receivable (c)	$	667	$	—

Due from related parties		667		—

Total assets	$	667	$	—

Liabilities:
Manager - payments on behalf of the Partnership (a)	$	12,333		15,957
Management fee payable to CSM (b)		1,353		1,490

Due to related parties	$	13,686	$	17,447

Deferred revenue - current (e)		5,198		4,637

Total liabilities	$	18,884	$	22,084


	For the year ended December 31,
Consolidated Statements of Income	2013		2012		2011
Revenues (c)	$	54,974	$	69,938	$	31,799
Voyage expenses		314		554		165
Vessel operating expenses		17,039		23,634		30,516
General and administrative expenses (d)		3,052		3,092		1,630

Charter Agreements (Table Text Block)


Vessel Name	Time Charter (TC) in years	Commencement of Charter	Termination or earliest expected redelivery	Gross (Net) Daily Hire Rate
M/T Agisilaos	1 TC	08/2011	09/2012	$13.5 ($13.3)
M/T Agisilaos	1 TC	09/2012	09/2013	$13.5 ($13.3)
M/T Agisilaos	1 TC	09/2013	08/2014	$14.3 ($14.1)
M/T Axios	1 TC	06/2012	06/2013	$14.0 ($13.8)
M/T Axios	1 TC	06/2013	05/2014	$14.8 ($14.6)
M/T Arionas	1 TC	10/2011	11/2012	$13.8 ($13.6)
M/T Arionas	1 TC	11/2012	11/2013	$13.8 ($13.6)
M/T Arionas	1 TC	11/2013	10/2014	$14.3 ($14.1)
M/T Alkiviadis	2 TC	06/2010	07/2012	$13.0 ($12.8)
M/T Alkiviadis	1 TC	07/2012	07/2013	$13.4 ($13.2)
M/T Alkiviadis	1 TC	07/2013	06/2014	$14.3 ($14.1)
M/T Amore Mio II	0.9 to 1.2TC	12/2011	03/2012	$18.3 ($18.0)
M/T Amore Mio II	1 TC	12/2013	11/2014	$17.0 ($16.8)
M/T Avax	1 TC	05/2011	05/2012	$14.0 ($13.8)
M/T Avax	1 TC	05/2012	05/2013	$14.0 ($13.8)
M/T Avax	1 TC	05/2013	10/2013	$14.8 ($14.6)
M/T Akeraios	1 TC	07/2011	07/2012	$14.0 ($13.8)
M/T Akeraios	1 TC	07/2012	07/2013	$14.0 ($13.8)
M/T Akeraios	1.5 TC	07/2013	12/2014	$15.0 ($14.8)
M/T Apostolos	1 TC	09/2012	10/2013	$14.0 ($13.8)
M/T Apostolos	1.2 to 1.5 TC	10/2013	12/2014	$14.9 ($14.7)
M/T Anemos I	1.2 to 1.5 TC	12/2013	02/2015	$14.9 ($14.7)
M/T Aristotelis	1.5 to 2 TC	12/2013	06/2015	$17.0 ($16.8)
M/T Miltiadis M II	1 TC	03/2012	09/2012	$18.3 ($18.0)
M/T Alexander the Great(1)	1TC	11/2011	12/2012	$28.0 ($27.7)
M/T Amoureux	1┼1 TC	10/2011	1/2014	$20.0┼$24.0 ($19.8┼$23.7)
M/T Aias	1┼1 TC	11/2011	12/2013	$20.0┼$24.0 ($19.8┼$23.7)
M/T Aias	1 TC	12/2013	11/2014	$24.0 ($23.7)
M/T Agamemnon	1 TC	03/2013	10/2013	$14.5
M/T Achilleas (1)	1TC	01/2012	12/2012	$28.0 ($27.7)

Vessels, net (Tables)

12 Months Ended

Dec. 31, 2013

Vessels (Abstract)

Vessels (Table Text Block)

	Net book Value
Carrying amount as at January 1, 2012	$	1,073,986
Acquisition and improvements		133,105
Disposals		(156,128	)
Impairment of vessels		(43,178	)
Depreciation		(48,235	)
Carrying amount as at December 31, 2012	$	959,550
Acquisitions and improvements		308,141
Disposals		(38,923)
Depreciation		(51,949	)
Carrying amount as at December 31, 2013	$	1,176,819

Above market acquired charters (Tables)

12 Months Ended

Dec. 31, 2013

Above Market Acquired Charters (Abstract)

Above Market Acquired Charters (Table Text Block)

Above market acquired charters	M/V Cape Agamemnon		M/T Assos		M/V Agamemnon		M/V Archimidis		M/V Hyundai Premium		M/V Hyundai Paramount		M/V Hyundai Prestige		M/V Hyundai Privilege		M/V Hyundai Platinum		Total
Carrying amount as at January 1, 2012	$	45,543	$	5,581	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	51,124
Acquisitions		—		—		2,250		2,250		—		—		—		—		—		4,500
Amortization		(5,372	)	(2,488	)	(23	)	(21	)	—		—		—		—		—		(7,904)
Carrying amount as at December 31, 2012	$	40,171	$	3,093	$	2,227	$	2,229	$	—	$	—	$	—	$	—	$	—	$	47,720
Acquisitions		—		—		—		—		19,707		19,768		19,094		19,329		19,358		97,256
Amortization		(5,357	)	(2,481	)	(864	)	(797	)	(1,311	)	(1,240	)	(519	)	(513	)	(512	)	(13,594	)
Carrying amount as at December 31, 2013	$	34,814	$	612	$	1,363	$	1,432	$	18,396	$	18,528	$	18,575	$	18,816	$	18,846	$	131,382

Above Market Acquired Charter Future Amortization Expense (Table Text Block)

For the twelve month period ended December 31,	M/V Cape Agamemnon	M/T Assos	M/V Agamemnon	M/V Archimidis	M/V Hyundai Premium	M/V Hyundai Paramount	M/V Hyundai Prestige	M/V Hyundai Privilege	M/V Hyundai Platinum	Total
2014	$5,357	$612	$863	$796	$1,668	$1,670	$1,693	$1,672	$1,669	$16,000
2015	5,357	-	500	636	1,668	1,670	1,693	1,672	1,669	14,865
2016	5,372	-	-	-	1,668	1,670	1,697	1,675	1,674	13,756
2017	5,357	-	-	-	1,668	1,670	1,693	1,672	1,669	13,729
2018	5,357	-	-	-	1,668	1,670	1,693	1,672	1,669	13,729
Thereafter	8,014	-	-	-	10,056	10,178	10,106	10,453	10,496	59,303
Total	$34,814	$612	$1,363	$1,432	$18,396	$18,528	$18,575	$18,816	$18,846	$131,382

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2013

Long-Term Debt (Abstract)

Bank Loans (Table Text Block)


	Bank Loans	Entity	As of December 31, 2013			As of December 31, 2012			Margin
(i)	Issued in April, 2007 maturing in June, 2017	Capital Product Partners L.P.	$	250,850	$		250,850	2.00
(ii)	Issued in March, 2008 maturing in March 2018	Capital Product Partners L.P.	$	238,465			188,515	3.00
(iii)	Issued in June 2011 maturing in March 2018	Capital Product Partners L.P.	$	19,000			19,000	3.25
(iv)	Issued in September 2013 maturing in December 2020	Capital Product Partners L.P.	$	75,000			-	3.50
	Total		$	583,315	$		458,365
	Less: Current portion		$	5,400			-
	Long-term portion		$	577,915	$		458,365

Schedule Of Credit Facilities Amounts Drawn Down (Table Text Block)


Vessel / Entity	Date		$370,000 Credit Facility (i)		$350,000 Credit Facility (ii)		$25,000 Credit Facility (iii)		$225,000 Senior Secured Credit Facility (iv)
M/T Akeraios		07/13/2007	$	46,850	$	—	$	—	$ —
M/T Apostolos		09/20/2007		56,000		—		—	—
M/T Anemos I		09/28/2007		56,000		—		—	—
M/T Alexandros II		01/29/2008		48,000		—		—	—
M/T Amore Mio II		03/27/2008		—		46,000		—	—
M/T Aristofanis		04/30/2008		—		11,500		—	—
M/T Aristotelis II		06/17/2008		20,000		—		—	—
M/T Aris II		08/20/2008		24,000		1,584		—	—
M/V Cape Agamemnon		06/09/2011		—		—		19,000	—
M/V Hyundai Premium		03/20/2013		—		24,975		—	—
M/V Hyundai Paramount		03/27/2013		—		24,975		—	—
M/V Hyundai Prestige(CCNI Angol), M/V Hyundai Privilege, M/V Hyundai Platinum		09/06/2013		—		—		—	75,000
Crude Carriers Corp. and its subsidiaries		09/30/2011		—		129,431		—	—
Total			$	250,850	$	238,465	$	19,000	$ 75,000

Required Annual Loan Payments (Table Text Block)


	$370,000 Credit Facility (i)	$350,000 Credit Facility (ii)	$25,000 Credit Facility (iii)	$225,000 Senior Secured Credit Facility(iv)	Total
2014	$-	$5,400	$-	$-	$5,400
2015	-	5,400	-	-	5,400
2016	51,900	36,819	4,000	5,769	98,488
2017	198,950	36,819	4,000	5,769	245,538
2018	-	154,027	11,000	5,769	170,796
Thereafter	-	-	-	57,693	57,693
Total	$250,850	$238,465	$19,000	$75,000	$583,315

Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Instruments (Abstract)

Derivative liabilities - Fair value (Table Text Block)


	December 31, 2013				December 31, 2012
	Interest Rate Swaps		Total		Interest Rate Swaps		Total
Short-term liabilities	$	-	$	-	$	467	$	467
Long-term liabilities	$	-	$	-	$	-	$

Total	$	-	$	-	$	467	$	467

Derivative instruments - Balance Sheet (Table Text Block)


Derivative Liabilities
Balance sheet location	As of December 31, 2013 Fair value		As of December 31, 2012 Fair value
Derivatives designated as hedging instruments - effective hedges
Derivative instruments long-term liabilities.	$	-	$	-
Derivative instruments short-term liabilities.	$	-	$	100

Total derivatives not designated as hedging instruments - ineffective hedges
Derivative instruments short-term liabilities.	$	-	$	367

Total Derivative Liabilities	$	-	$	467

Schedule Of Derivative Instruments Gain (Loss) In Statement Of Financial Performance (Table Text Block)

Derivatives designated in cash flow hedging relationships recognized in OCI (Effective Portion)	Change in Fair Value of Hedging instrument recognized in OCI (Effective Portion)			Location of Gain/(loss) Reclassified into consolidated statements of comprehensive /income (Effective Portion)	Amount of Loss Reclassified from OCI into consolidated statements of comprehensive income (Effective Portion)			Amount of Gain recorded in OCI (Effective Portion)			Location of Gain/(loss) Recognized in the consolidated statements of comprehensive /income (ineffective portion)	Amount of Gain/(Loss) recognized the consolidated statements of comprehensive / income
	2013	2012	2011		2013	2012	2011	2013	2012	2011		2013	2012	2011
Interest rate swaps	(4	)(1,903)	(4,234	)Interest expense and finance cost	(466	)(12,665)	(21,752	)462	10,762	17,518		4	1,448	2,310

Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis (Table Text Block)


Derivatives	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
December 31, 2012	$	467		—	$	467		—

December 31, 2013	$	—		—	$	—		—

Accrued Liabilities Disclosure (Tables)

12 Months Ended

Dec. 31, 2013

Accrued Liabilities (Abstract)

Accrued Liabilities (Table Text Block)


	As of December 31,
	2013		2012
Accrued loan interest and loan fees	$	312	$	62
Accrued operating expenses		2,501		1,311
Accrued voyage expenses and commissions		1,543		909
Accrued general and administrative expenses		1,031		499
Total	$	5,387	$	2,781

Voyage Expenses And Vessel Operating Expenses (Tables)

12 Months Ended

Dec. 31, 2013

Voyage Expenses And Vessel Operating Expenses (Abstract)

Voyage Expenses And Vessel Operating Expenses (Table Text Block)


	For the years ended December 31,
	2013		2012			2011
Voyage expenses:
Commissions	$	2,742	$	1,752		$	1,844
Bunkers		2,473		3,921			8,400
Port expenses		226		-			1,390
Other		649		(5	)		96
Total	$	6,090	$	5,668		$	11,730

Vessel operating expenses:
Crew costs and related costs	$	21,154	$	13,230		$	2,963
Insurance expense		3,780		2,830			784
Spares, repairs, maintenance and other expenses		6,545		2,231			390
Stores and lubricants		5,022		3,115			651
Management fees		16,395		21,784			29,279
Vetting, insurances, spares and repairs (Note 4)		644		1,850			1,237
Other operating expenses		1,783		720			161
Total	$	55,323	$	45,760		$	35,465

Cash Flow (Tables)

12 Months Ended

Dec. 31, 2013

Cash Flow (Abstract)

Schedule Of Cash Flow Supplemental Disclosures (Table Text Block)


Crude's Net Assets	As of September 30, 2011
Trade receivables	$	8,321
Prepayments and other assets		629
Inventories		9,503
Vessels		351,750
Total assets		370,203
Trade accounts payable	$	12,497
Due to related parties		10,457
Accrued liabilities		1,525
Long term debt		134,580
Total liabilities		159,059
Total Net Assets		211,144

Partners' Capital (Tables)

12 Months Ended

Dec. 31, 2013

Partners' Capital (Abstract)

Schedule of Incentive Distributions (Text Block)


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

Partnership Units (Table Text Block)

<div style="text-indent:0.0px;"></div> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse; border: none"> <tr> <td valign="middle" style=" border:solid #000000 0.0px;width:284px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:18px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:86px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:18px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:86px;"><div style="text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:284px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:105px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "><b>As of December 31,<br/>2013</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" colspan="2" style=" border-left:solid #000000 0.0px; border-top:solid #000000 0.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 1.0px;width:105px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "><b>As of December 31,<br/>2012</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:284px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Common units</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:18px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:86px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">88,440,710</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:18px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:86px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">69,372,077</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:284px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">General partner units</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:18px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:86px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">1,765,457</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:18px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:86px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">1,415,757</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:284px;"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Preferred units</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:18px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:86px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">18,922,221</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:18px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:86px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">15,555,554</font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:284px;background-color:#cceeff"><div style="text-align:justify;margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Total partnership units</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 0.0px;width:18px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 0.0px;width:86px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>109,128,388</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 0.0px;width:18px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> <td valign="bottom" style=" border-left:solid #000000 0.0px; border-top:solid #000000 1.0px; border-right:solid #000000 0.0px; border-bottom:solid #000000 0.0px;width:86px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>86,343,388</b></font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:16px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b> </b></font></div></td> </tr> <tr> <td valign="bottom" style=" border:solid #000000 0.0px;width:284px;"><div style="text-indent:0.0px;"> </div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:18px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:86px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:30px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:18px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="bottom" style=" border:solid #000000 0.0px;width:86px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:16px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:6.7px;color:#000000; "> </font></div></td> </tr> </table> <div></div>

Omnibus Incentive Compensation Plan (Tables)

12 Months Ended

Dec. 31, 2013

Omnibus Incentive Compensation Plan (Abstract)

Omnibus Incentive Compensation Plan (Table Text Block)

												'
	Employee equity compensation					Non-Employee equity compensation
Unvested Units	Units		Grant-date fair value				Units		Award-date fair value
Unvested on January 1, 2013		338,135		$	2,521			650,464		$	4,736
Vested		338,135			2,521			650,464			4,736
Unvested on December 31, 2013		—		$	—			—		$	—

Net Income / (Loss) Per Unit (Tables)	12 Months Ended
Net Income / (Loss) Per Unit (Tables)	Dec. 31, 2013
Net (Loss) / Income Per Unit (Abstract)
Net Income Per Unit Basic (Table Text Block)	<div style="text-indent:0.0px;"></div> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse; border: none"> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:363px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>BASIC</b></font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:105px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>2013</b></font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:143px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>2012</b></font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:133px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>2011</b></font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:363px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:12.0px;color:#000000; "><b>Numerators</b></font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:105px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" style=" border:solid #000000 0.0px;width:143px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" style=" border:solid #000000 0.0px;width:133px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:363px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:12.0px;color:#000000; ">Partnership's net income</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:105px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$99,481</b></font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:143px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$(21,189)</b></font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:133px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$87,120</b></font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:363px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:12.0px;color:#000000; ">Less:</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:105px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" style=" border:solid #000000 0.0px;width:143px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" style=" border:solid #000000 0.0px;width:133px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:363px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:12.0px;color:#000000; ">Partnership's net income available to preferred unit holders</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:105px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">18,805</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:143px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">10,809</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:133px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">-</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:363px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:12.0px;color:#000000; ">General Partner's interest in Partnership's net income</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:105px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">1,598</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:143px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">(640</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:133px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">)1,742</font></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:363px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:12.0px;color:#000000; ">Partnership's net income allocable to unvested units</font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:105px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">678</font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:143px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">-</font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:133px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">1,571</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:363px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:12.0px;color:#000000; ">Partnership's net income available to common unit holders</font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:105px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$78,400</b></font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:143px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$(31,358)</b></font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:133px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$83,807</b></font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:363px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:12.0px;color:#000000; "><b>Denominators</b></font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:105px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:143px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:133px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:363px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:12.0px;color:#000000; ">Weighted average number of common units outstanding, basic</font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:105px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">75,645,207</font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:143px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">68,256,072</font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:133px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">47,138,336</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:363px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:12.0px;color:#000000; "><b>Net income per common unit:</b></font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:105px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:143px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:133px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:363px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:12.0px;color:#000000; ">Basic</font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:105px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$1.04</b></font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:143px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$(0.46)</b></font></div></td> <td valign="middle" style=" border:solid #000000 0.0px;width:133px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$1.78</b></font></div></td> </tr> </table> <div></div>
Net Income Per Unit Diluted (Table Text Block)	<div style="text-indent:0.0px;"></div> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse; border: none"> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:51px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" style=" border:solid #000000 0.0px;width:48px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:43px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" style=" border:solid #000000 0.0px;width:85px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;"><div style="text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>DILUTED</b></font></div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:100px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>2013</b></font></div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:128px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>2012</b></font></div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>2011</b></font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:9.3px;color:#000000; "><b>Numerators</b></font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;background-color:#cceeff"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Partnership's net income available to common unit holders</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$99,481</b></font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$(21,189)</b></font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$87,120</b></font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Less:</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;background-color:#cceeff"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">General Partner's interest in Partnership's net income</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">1,574</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">(640</font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">)1,742</font></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Partnership's net income available to preferred unit holders</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">18,805</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">10,809</font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">-</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;background-color:#cceeff"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Partnership's net income allocable to unvested units</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">678</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">-</font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">1,571</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Add:</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;background-color:#cceeff"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Partnership's net income available to preferred unit holders</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">18,805</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">-</font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">-</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Partnership's net income allocable to unvested units</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">678</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">- </font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">-</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$97,907</b></font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$(31,358)</b></font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$83,807</b></font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;background-color:#cceeff"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Denominators</b></font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:10.7px;color:#000000; "> </font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Weighted average number of common units outstanding, basic</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">75,645,207</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">68,256,072 </font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">47,138,336</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Dilutive effect of preferred units</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">21,069,664</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">-</font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">-</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Dilutive effect of unvested shares</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">654,265</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">-</font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">-</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;background-color:#cceeff"><div style="text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Weighted average number of common units outstanding, diluted</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">97,369,136</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">68,256,072</font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">47,138,336</font></div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>Net income per common unit:</b></font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "> </font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;"><div style="text-align:right;text-indent:0.0px;"> </div></td> </tr> <tr> <td valign="top" style=" border:solid #000000 0.0px;width:367px;background-color:#cceeff"><div style="margin-left: 13.3px;text-indent:-13.3px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; ">Diluted</font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-indent:0.0px;"> </div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:84px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$1.01</b></font></div></td> <td valign="top" style=" border:solid #000000 0.0px;width:15px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"> </div></td> <td valign="top" colspan="3" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$(0.46) </b></font></div></td> <td valign="top" colspan="2" style=" border:solid #000000 0.0px;width:131px;background-color:#cceeff"><div style="text-align:right;text-indent:0.0px;"><font style="font-family:Times New Roman;font-size:13.3px;color:#000000; "><b>$1.78</b></font></div></td> </tr> <tr> <td style="width:367px;"></td> <td style="width:15px;"></td> <td style="width:35px;"></td> <td style="width:48px;"></td> <td style="width:15px;"></td> <td style="width:27px;"></td> <td style="width:85px;"></td> <td style="width:18px;"></td> <td style="width:113px;"></td> <td style="width:18px;"></td> </tr> </table> <div></div>

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies (Abstract)

Schedule Of Time And Bareboat Charter Agreements (Table Text Block)


Vessel Name	Time Charter (“TC”)/ Bare Boat Charter (“BC”) (Years)	Commencement of Charter	Charterer	Profit Sharing (1)	Gross Daily Hire Rate (Without Profit Sharing)
M/V Archimidis (4)	3┼2┼1┼1 TC	11/2012	Maersk.		$34.0
M/V Agamemnon (4)	3┼2┼1┼1 TC	06/2012	Maersk		$34.0
M/T Amoureux	1 TC	1/2014	CMTC (6)	50/50(6)	$24.0
M/T Aias	1 TC	12/2013	CMTC (6)	50/50(6)	$24.0
M/T Atlantas (M/T British Ensign) (8)	5┼3┼2┼1 BC	04/2006	BP		$15.2 (5y) $13.5 (3y) $6.8 (2y)
M/T Aktoras (M/T British Envoy) (8)	5┼3┼1.5┼1 BC	07/2006	BP		$15.2 (5y) $13.5 (3y) $7.0 (1.5y)
M/V Cape Agamemnon	10 TC	07/2010	COSCO Bulk		$42.2
M/T Agisilaos	1 TC	09/2013	CMTC	50/50(3)	$14.3
M/T Arionas	1 TC	11/2013	CMTC	50/50(3)	$14.3
M/T Aiolos (M/T British Emissary) (8)	5┼3┼2┼1 BC	03/2007	BP		$15.2 (5y) $13.5 (3y) $7.0 (2y)
M/T Avax	1┼1 TC	10/2013	BP (7)	50/50 (3)	$14.8 (7)
M/T Axios	1 TC	06/2013	CMTC	50/50 (3)	$14.8
M/T Alkiviadis	1 TC	07/2013	CMTC	50/50 (3)	$14.3
M/T Assos (M/T Insurgentes)	5 BC	04/2009	Arrendadora Ocean Mexicana, S.A. de C.V renamed to Blue Marine Cargo S.A. de C.V. (“Blue Marine”). (5)		$16.8
M/T Atrotos (M/T El Pipila)	5 BC	04/2009	Blue Marine (5)	sss	$16.8
M/T Akeraios	1.5 TC	07/2013	CMTC	50/50(3)	$15.0
M/T Anemos I	1.2 TC	12/2013	CMTC	50/50(3)	$14.9
M/T Apostolos	1.2 TC	10/2013	CMTC	50/50(3)	$14.9
M/T Alexandros II (8) (M/T Overseas Serifos)	5 BC 5 BC	01/2008 05/2013	OSG (2)		$13.0 $6.3
M/T Aristotelis II (8) (M/T Overseas Sifnos)	5 BC 5 BC	06/2008 03/2013	OSG (2)		$13.0 $6.3
M/T Aris II (8) (M/T Overseas Kimolos)	5 BC 5 BC	08/2008 3/2013	OSG (2)		$13.0 $6.3
M/T Aristotelis	1.5 TC	12/2013	CMTC	50/50(3)	$17.0
M/T Ayrton II	1┼1 TC	04/2012	BP	50/50(3)	$14.0 (1y)┼$15 (1y)
M/T Amore Mio II	1 TC	12/2013	CMTC		$17.0
M/T Miltiadis M II	2 TC	09/2012	Subtec, S.A. de C.V.		$23.2
M/T Hyundai Prestige	12 TC	02/2013	HMM		$29.4
M/T Hyundai Premium	12 TC	03/2013	HMM		$29.4
M/T Hyundai Paramount	12 TC	04/2013	HMM		$29.4
M/T Hyundai Privilege	12 TC	05/2013	HMM		$29.4
M/T Hyundai Platinum	12 TC	06/2013	HMM		$29.4

Future minimum rental receipts (Table Text Block)


Year ended December 31,	Amount
2014	$	183,430
2015		104,139
2016		79,454
2017		76,038
2018		70,692
Thereafter		351,292
Total	$	865,045

Basis of Presentation and General Information (Table) (Details)	12 Months Ended
	Dec. 31, 2013
M/T Atlantas (M/T British Ensign)
Property Plant And Equipment
DWT	36,760
Date of Incorporation	Sep. 16, 2003
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	04/26/2006
M/T Assos (M/T Insurgentes)
Property Plant And Equipment
DWT	47,872
Date of Incorporation	Mar. 18, 2004
Date acquired by the Partnership	08/16/2010 04/04/2007
Date acquired by CMTC	05/17/2006
M/T Aktoras (M/T British Envoy)
Property Plant And Equipment
DWT	36,759
Date of Incorporation	Aug. 27, 2003
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	07/12/2006
M/T Agisilaos
Property Plant And Equipment
DWT	36,760
Date of Incorporation	Oct. 10, 2003
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	08/16/2006
M/T Arionas
Property Plant And Equipment
DWT	36,725
Date of Incorporation	Nov. 10, 2003
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	11/02/2006
M/T Avax
Property Plant And Equipment
DWT	47,834
Date of Incorporation	Feb. 10, 2004
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	01/12/2007
M/T Aiolos (M/T British Emissary)
Property Plant And Equipment
DWT	36,725
Date of Incorporation	Sep. 12, 2003
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	03/02/2007
M/T Axios
Property Plant And Equipment
DWT	47,872
Date of Incorporation	Feb. 10, 2004
Date acquired by the Partnership	04/04/2007
Date acquired by CMTC	02/28/2007
M/T Atrotos (M/T El Pipila)
Property Plant And Equipment
DWT	47,786
Date of Incorporation	Feb. 11, 2004
Date acquired by the Partnership	03/01/2010 05/08/2007
Date acquired by CMTC	05/08/2007
M/T Akeraios
Property Plant And Equipment
DWT	47,781
Date of Incorporation	Feb. 03, 2004
Date acquired by the Partnership	07/13/2007
Date acquired by CMTC	07/13/2007
M/T Apostolos
Property Plant And Equipment
DWT	47,782
Date of Incorporation	May 26, 2004
Date acquired by the Partnership	09/20/2007
Date acquired by CMTC	09/20/2007
M/T Anemos I
Property Plant And Equipment
DWT	47,782
Date of Incorporation	Jul. 08, 2004
Date acquired by the Partnership	09/28/2007
Date acquired by CMTC	09/28/2007
M/T Attikos
Property Plant And Equipment
DWT	12,000
Date of Incorporation	Dec. 29, 2003
Date acquired by the Partnership	09/24/2007
Date acquired by CMTC	01/20/2005
M/T Alexandros II (M/T Overseas Serifos)
Property Plant And Equipment
DWT	51,258
Date of Incorporation	Feb. 07, 2006
Date acquired by the Partnership	01/29/2008
Date acquired by CMTC	01/29/2008
M/T Amore Mio II
Property Plant And Equipment
DWT	159,982
Date of Incorporation	May 29, 2007
Date acquired by the Partnership	03/27/2008
Date acquired by CMTC	07/31/2007
M/T Aristofanis
Property Plant And Equipment
DWT	12,000
Date of Incorporation	Feb. 03, 2004
Date acquired by the Partnership	04/30/2008
Date acquired by CMTC	06/02/2005
M/T Aristotelis II (M/T Overseas Sifnos)
Property Plant And Equipment
DWT	51,226
Date of Incorporation	Feb. 07, 2006
Date acquired by the Partnership	06/17/2008
Date acquired by CMTC	06/17/2008
M/T Aris II (M/T Overseas Kimolos)
Property Plant And Equipment
DWT	51,218
Date of Incorporation	Jan. 24, 2006
Date acquired by the Partnership	08/20/2008
Date acquired by CMTC	08/20/2008
M/T Agamemnon II
Property Plant And Equipment
DWT	51,238
Date of Incorporation	Jul. 14, 2006
Date acquired by the Partnership	04/07/2009
Date acquired by CMTC	11/24/2008
M/T Ayrton II
Property Plant And Equipment
DWT	51,238
Date of Incorporation	Jul. 14, 2006
Date acquired by the Partnership	04/13/2009
Date acquired by CMTC	04/10/2009
M/T Alkiviadis
Property Plant And Equipment
DWT	36,721
Date of Incorporation	Jun. 22, 2004
Date acquired by the Partnership	06/30/2010
Date acquired by CMTC	03/29/2006
M/V Cape Agamemnon
Property Plant And Equipment
DWT	179,221
Date of Incorporation	Jun. 17, 2008
Date acquired by the Partnership	06/09/2011
Date acquired by CMTC	01/25/2011
M/T Miltiadis M II
Property Plant And Equipment
DWT	162,000
Date of Incorporation	Apr. 06, 2006
Date acquired by the Partnership	09/30/2011
Date acquired by CMTC	04/26/2006
M/T Alexander The Great
Property Plant And Equipment
DWT	297,958
Date of Incorporation	Jan. 26, 2010
Date acquired by the Partnership	09/30/2011
Date acquired by CMTC	03/26/2010
M/T Achilleas
Property Plant And Equipment
DWT	297,863
Date of Incorporation	Jan. 26, 2010
Date acquired by the Partnership	09/30/2011
Date acquired by CMTC	06/25/2010
M/T Amoureux
Property Plant And Equipment
DWT	149,993
Date of Incorporation	Apr. 14, 2010
Date acquired by the Partnership	09/30/2011
Date acquired by CMTC
M/T Aias
Property Plant And Equipment
DWT	150,393
Date of Incorporation	Apr. 14, 2010
Date acquired by the Partnership	09/30/2011
Date acquired by CMTC
M/V Agamemnon
Property Plant And Equipment
DWT	103,773
Date of Incorporation	Apr. 19, 2012
Date acquired by the Partnership	12/22/2012
Date acquired by CMTC	06/28/2012
M/V Archimidis
Property Plant And Equipment
DWT	103,773
Date of Incorporation	Apr. 19, 2012
Date acquired by the Partnership	12/22/2012
Date acquired by CMTC	06/22/2012
M/T Aristotelis
Property Plant And Equipment
DWT	51,604
Date of Incorporation	Oct. 16, 2013
Date acquired by the Partnership	11/28/2013
Date acquired by CMTC
M/V Hyundai Prestige
Property Plant And Equipment
DWT	63,010
Date of Incorporation	Apr. 08, 2011
Date acquired by the Partnership	09/11/2013
Date acquired by CMTC	02/19/2013
M/V Hyundai Premium
Property Plant And Equipment
DWT	63,010
Date of Incorporation	Apr. 08, 2011
Date acquired by the Partnership	03/20/2013
Date acquired by CMTC	03/11/2013
M/V Hyundai Paramount
Property Plant And Equipment
DWT	63,010
Date of Incorporation	Apr. 08, 2011
Date acquired by the Partnership	03/27/2013
Date acquired by CMTC	03/27/2013
M/V Hyundai Privilege
Property Plant And Equipment
DWT	63,010
Date of Incorporation	Apr. 08, 2011
Date acquired by the Partnership	09/11/2013
Date acquired by CMTC	05/31/2013
M/V Hyundai Platinum
Property Plant And Equipment
DWT	63,010
Date of Incorporation	Jul. 19, 2011
Date acquired by the Partnership	09/11/2013
Date acquired by CMTC	06/14/2013

Basis of Presentation and General Information - Supplementary (Table) (Details)	12 Months Ended
	Dec. 31, 2013
Capital Product Operating GP LLC
Subsidiary Of Limited Liability Company Or Limited Partnership
Date of Incorporation	Jan. 16, 2007
Crude Carriers Corp.
Subsidiary Of Limited Liability Company Or Limited Partnership
Date of Incorporation	Oct. 29, 2009
Date acquired by the Partnership	09/30/2011
Crude Carriers Operating Corp.
Subsidiary Of Limited Liability Company Or Limited Partnership
Date of Incorporation	Jan. 21, 2010
Date acquired by the Partnership	09/30/2011
Miltiadis M II Corp.
Subsidiary Of Limited Liability Company Or Limited Partnership
Date of Incorporation	Aug. 28, 2012

Basis of Presentation and General Information - Additional Information (Details)	Dec. 31, 2013
Property Plant And Equipment
Number of vessels	30
Suezmax Crude Oil Tankers
Property Plant And Equipment
Number of vessels	4
Medium Range Tankers
Property Plant And Equipment
Number of vessels	18
Post Panamax Container Carrier Vessels
Property Plant And Equipment
Number of vessels	7
Capesize Bulk Carrier
Property Plant And Equipment
Number of vessels	1

Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Restricted cash	$ 15,000	$ 10,500
Allowance for doubtful accounts	$ 84	$ 54
Scrap value per light weight ton (LWT)	$0.2
Vessels useful life	25 years
CMTC
Major customer percentage	32.00%	45.00%	24.00%
British Petroleum Shipping Limited ("BP")
Major customer percentage	17.00%	23.00%	32.00%
Overseas Shipholding Group Inc ("OSG")
Major customer percentage			11.00%
A.P. Moler-Maersk A.S. ("Maersk")
Major customer percentage	14.00%
Hyundai Merchant Marine Co Ltd ("HMM")
Major customer percentage	13.00%

Acquisition of Anax Container Carrier S.A. (M/V Hyundai Prestige) - Purchase Price Allocation (Table) (Details) - USD ($) $ in Thousands		12 Months Ended
	Sep. 11, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Business Acquisition
Gain from bargain purchase		$ 42,256	$ 0	$ 82,453
Anax Container Carrier S.A.
Business Acquisition
Vessel	$ 54,000
Above market acquired time charter	19,094
Identifiable assets	73,094
Purchase price	(65,000)
Gain from bargain purchase	$ 8,094

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

Acquisition of Anax Container Carrier S.A. (M/V Hyundai Prestige) - Additional Information (Details) - USD ($) $ in Thousands	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 11, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Aug. 31, 2013
Business Acquisition
Equity offering	88,440,710		88,440,710	69,372,077		13,685,000
Charter Revenues			$ 116,520	$ 84,012	$ 98,517
Anax Container Carrier S.A.
Business Acquisition
Duration of above market acquired time charter		11 years 3 months 12 days
WACC used for calculation of above market acquired time charter			11.00%
Charter Revenues	$ 2,778
Net income	$ 1,298
$225,000 Senior Secured Credit Facility
Business Acquisition
Line of credit facility amount drawn down		$ 75,000

Acquisition of Thiseas Container Carrier S.A. (M/V Hyundai Privilege) - Purchase Price Allocation (Table) (Details) - USD ($) $ in Thousands		12 Months Ended
	Sep. 11, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Business Acquisition
Gain from bargain purchase		$ 42,256	$ 0	$ 82,453
Thiseas Container Carrier S.A.
Business Acquisition
Vessel	$ 54,000
Above market acquired time charter	19,329
Identifiable assets	73,329
Purchase price	(65,000)
Gain from bargain purchase	$ 8,329

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

Acquisition of Thiseas Container Carrier S.A. (M/V Hyundai Privilege) - Additional Information (Details) - USD ($) $ in Thousands	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 11, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Aug. 31, 2013
Business Acquisition
Equity offering	88,440,710		88,440,710	69,372,077		13,685,000
Charter Revenues			$ 116,520	$ 84,012	$ 98,517
Thiseas Container Carrier S.A.
Business Acquisition
Duration of above market acquired time charter		11 years 6 months 25 days
WACC used for calculation of above market acquired time charter			11.00%
Charter Revenues	$ 2,785
Net income	$ 1,392
$225,000 Senior Secured Credit Facility
Business Acquisition
Line of credit facility amount drawn down		$ 75,000

Acquisition of Cronus Container Carrier S.A. (Hyundai Platinum) - Purchase Price Allocation (Table) (Details) - USD ($) $ in Thousands		12 Months Ended
	Sep. 11, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Business Acquisition
Gain from bargain purchase		$ 42,256	$ 0	$ 82,453
Cronus Container Carrier S.A.
Business Acquisition
Vessel	$ 54,000
Above market acquired time charter	19,358
Identifiable assets	73,358
Purchase price	(65,000)
Gain from bargain purchase	$ 8,358

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

Acquisition of Cronus Container Carrier S.A. (M/V Hyundai Platinum) - Additional Information (Details) - USD ($) $ in Thousands	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 11, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Aug. 31, 2013
Business Acquisition
Equity offering	88,440,710		88,440,710	69,372,077		13,685,000
Charter Revenues			$ 116,520	$ 84,012	$ 98,517
Cronus Container Carrier S.A.
Business Acquisition
Duration of above market acquired time charter		11 years 7 months 8 days
WACC used for calculation of above market acquired time charter			11.00%
Charter Revenues	$ 2,786
Net income	$ 1,357
$225,000 Senior Secured Credit Facility
Business Acquisition
Line of credit facility amount drawn down		$ 75,000

Acquisition of Hercules Container Carrier S.A. (M/V Hyundai Premium) - Purchase Price Allocation (Table) (Details) - USD ($) $ in Thousands		12 Months Ended
	Mar. 20, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Business Acquisition
Gain from bargain purchase		$ 42,256	$ 0	$ 82,453
Hercules Container Carrier S.A.
Business Acquisition
Vessel	$ 54,000
Above market acquired time charter	19,707
Identifiable assets	73,707
Purchase price	(65,000)
Gain from bargain purchase	$ 8,707

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

Acquisition of Hercules Container Carrier S.A. (M/V Hyundai Premium) - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 20, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Mar. 26, 2013	Jun. 06, 2012
Business Acquisition
Business acquisition financing			$ 363,038	$ 1,614	$ 27,003
Class B convertible preferred unit issued						9,100,000	15,555,554
Charter Revenues			$ 116,520	$ 84,012	$ 98,517
Hercules Container Carrier S.A.
Business Acquisition
Duration of above market acquired time charter	11 years 9 months 11 days
WACC used for calculation of above market acquired time charter			11.00%
Charter Revenues		$ 7,181
Net income		$ 3,567
Hercules Container Carrier S.A. - Cash
Business Acquisition
Cash consideration for acquisition of vessel	$ 1,721
Hercules Container Carrier S.A. - $350,000 Credit Facility Utilized
Business Acquisition
Business acquisition financing	27,000
Hercules Container Carrier S.A. - Part of net procceds used from the issuance of Partnership's Class B Convertible Preferred Units
Business Acquisition
Business acquisition financing	$ 36,279

Acquisition of Iason Container Carrier S.A. (M/V Hyundai Paramount) - Purchase Price Allocation (Table) (Details) - USD ($) $ in Thousands		12 Months Ended
	Mar. 27, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Business Acquisition
Gain from bargain purchase		$ 42,256	$ 0	$ 82,453
Iason Container Carrier S.A.
Business Acquisition
Vessel	$ 54,000
Above market acquired time charter	19,768
Identifiable assets	73,768
Purchase price	(65,000)
Gain from bargain purchase	$ 8,768

Acquisition of Iason Container Carrier S.A. (M/V Hyundai Paramount) - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 27, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Business Acquisition
Business acquisition financing			$ 363,038	$ 1,614	$ 27,003
Charter Revenues			$ 116,520	$ 84,012	$ 98,517
Iason Container Carrier S.A.
Business Acquisition
Duration of above market acquired time charter	11 years 9 months 4 days
WACC used for calculation of above market acquired time charter			11.00%
Charter Revenues		$ 6,732
Net income / (loss)		$ 3,220
Iason Container Carrier S.A. - Cash
Business Acquisition
Cash consideration for acquisition of vessel	$ 1,722
Iason Container Carrier S.A. - $350,000 Credit Facility Utilized
Business Acquisition
Business acquisition financing	27,000
Iason Container Carrier S.A. - Part of net proceeds used from the issuance of Partnership's Class B Convertible Preferred Units
Business Acquisition
Business acquisition financing	$ 36,278

Acquisition of Agamemnon Container Carrier Corp. (M/V Agamemnon) - Purchase Price Allocation (Table) (Details) - Agamemnon Container Carrier Corp. $ in Thousands	Dec. 22, 2012 USD ($)
Business Acquisition
Vessel	$ 68,000
Above market acquired time charter	2,250
Identifiable assets	70,250
Purchase price	$ (70,250)

Acquisition of Agamemnon Container Carrier Corp. (M/V Agamemnon) - Pro Forma Financial Information (Table) (Details) - Agamemnon Container Carrier Corp. - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Business Acquisition
Total revenues	$ 154,227	$ 137,065
Partnership's net income	2,210	72,508
Preferred unit holders' interest in Partnership's net income	10,809	0
General Partner's interest in Partnership's net (loss) / income	(172)	1,450
Common unit holders interest in Partnership's net (loss)/income	$ (8,427)	$ 71,058
Net (loss) / income per common unit (basic and diluted)	$ (0.12)	$ 1.51

Acquisition of Agamemnon Container Carrier Corp. (M/V Agamemnon) - Additional Information (Details) - USD ($) $ in Thousands		12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 22, 2012	Dec. 31, 2011
Business Acquisition
Charter Revenues		$ 116,520	$ 84,012		$ 98,517
Vessel impairment charge		$ 0	43,178		$ 0
Agamemnon Container Carrier Corp.
Business Acquisition
Cash consideration for acquisition of vessel				$ 1,375
Duration of above market acquired time charter	2 years 6 months 30 days
WACC used for calculation of above market acquired time charter	11.00%
Acquisition related costs				5
Charter Revenues	$ 318
Net income	$ 185
Achilleas Carriers Corp.
Business Acquisition
Fair value of assets exchanged				$ 68,875
Vessel impairment charge			$ 21,614

Acquisition of Archimidis Container Carrier Corp. (M/V Archimidis) - Purchase Price Allocation (Table) (Details) - Archimidis Container Carrier Corp. $ in Thousands	Dec. 22, 2012 USD ($)
Business Acquisition
Vessel	$ 65,000
Above market acquired time charter	2,250
Identifiable assets	67,250
Purchase price	$ (67,250)

Acquisition of Archimidis Container Carrier Corp. (M/V Archimidis) - Pro Forma Financial Information (Table) (Details) - Archimidis Container Carrier Corp. - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Business Acquisition
Total revenues	$ 155,011	$ 139,890
Partnership's net income	2,746	72,813
Preferred unit holders' interest in Partnership's net income	10,809	0
General Partner's interest in Partnership's net (loss) / income	(161)	1,456
Common unit holders interest in Partnership's net (loss)/income	$ (7,902)	$ 71,357
Net (loss) / income per common unit (basic and diluted)	$ (0.12)	$ 1.51

Acquisition of Archimidis Container Carrier Corp. (M/V Archimidis) - Additional Information (Details) - USD ($) $ in Thousands		12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 22, 2012	Dec. 31, 2011
Business Acquisition
Charter Revenues		$ 116,520	$ 84,012		$ 98,517
Vessel impairment charge		$ 0	43,178		$ 0
Archimidis Container Carrier Corp.
Business Acquisition
Cash consideration received for acquisition of vessel				$ 1,625
Acquisition related costs				5
Duration of above market acquired time charter	2 years 11 months 18 days
WACC used for calculation of above market acquired time charter	11.00%
Charter Revenues	$ 321
Net income	$ 178
Alexander The Great
Business Acquisition
Fair value of assets exchanged				$ 68,875
Vessel impairment charge			$ 21,564

Acquisition Of Patroklos Marine Corp. (M/V Cape Agamemnon) - Purchase Price Allocation (Table) (Details) - USD ($) $ in Thousands	5 Months Ended	12 Months Ended
	Jun. 09, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Business Acquisition [Line Items]
Gain from bargain purchase		$ 42,256	$ 0	$ 82,453
Patroklos Marine Corporation
Business Acquisition [Line Items]
Vessel	$ 51,500
Above market acquired time charter	48,551
Identifiable assets	100,051
Purchase price	(83,525)
Gain from bargain purchase	$ 16,526

Acquisition Of Patroklos Marine Corp. (M/V Cape Agamemnon) - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	8 Months Ended	12 Months Ended
	Jun. 30, 2011	Aug. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 09, 2011
Business Acquisition [Line Items]
Business acquisition financing			$ 363,038	$ 1,614	$ 27,003
Common unit price							$ 8.2
Common unit price used to determine the exchange ratio of the unit for share transaction	$ 10.35
Common Units Issued		13,685,000	88,440,710	69,372,077
Interest of CGP in the partnership		2.00%
Charter Revenues			$ 116,520	$ 84,012	$ 98,517
Patroklos Marine Corporation
Business Acquisition [Line Items]
Duration of above market acquired time charter	9 years 22 days
WACC used for calculation of above market acquired time charter					11.00%
Acquisition related costs							$ 409
Charter Revenues					$ 5,305
Net income / (loss)					2,899
Patroklos Marine Corporation - Cash
Business Acquisition [Line Items]
Business acquisition financing					1,470
Patroklos Marine Corporation - Credit Facility Utilized
Business Acquisition [Line Items]
Business acquisition financing					$ 25,000
Capital Maritime and Trading Corp.
Business Acquisition [Line Items]
Number of common units issued							6,958,000
Capital General Partners
Business Acquisition [Line Items]
Interest of CGP in the partnership					2.00%
Partnership Units
Business Acquisition [Line Items]
Common Units Issued	142,000
Partnership General Partner
Business Acquisition [Line Items]
Conversion of common units to general partner units						499,346	142,000
Capital Product Partners LP
Business Acquisition [Line Items]
Proceeds from conversion to general partner units							$ 1,470

Acquisition Of Crude - Purchase Price Allocation (Table) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Business Acquisition [Line Items]
Gain from bargain purchase		$ 42,256	$ 0	$ 82,453
Crude Carriers Corp.
Business Acquisition [Line Items]
Current assets	$ 30,300
Vessels	351,750
Total liabilities	(159,059)
Net assets acquired and liabilities assumed	222,991
Purchase price	(157,064)
Gain from bargain purchase	$ 65,927

Acquisition Of Crude - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	8 Months Ended	9 Months Ended	12 Months Ended
	Aug. 31, 2013	Sep. 30, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Jun. 30, 2011	Jun. 09, 2011
Business Acquisition [Line Items]
Common units issued	13,685,000		88,440,710	69,372,077
Interest of CGP in the partnership	2.00%
Common unit price							$ 8.2
Common unit price used to determine the exchange ratio of the unit for share transaction						$ 10.35
Charter Revenues			$ 116,520	$ 84,012	$ 98,517
Crude Carriers Corp.
Business Acquisition [Line Items]
Purchase price consideration for the acquisition of Crude Carriers Corp - units issued to Crude Carriers Corp shareholders		$ 157,064
Shares exchange ratio		1.56
Acquisition related costs		$ 4,225
Common unit price		$ 6.39
Common unit price used to determine the exchange ratio of the unit for share transaction		$ 11.27
Charter Revenues					13,327
Net income / (loss)					$ 1,399
Units issued to Crude Carriers Corp. Shareholders
Business Acquisition [Line Items]
Purchase price consideration for the acquisition of Crude Carriers Corp - units issued to Crude Carriers Corp shareholders		$ 155,559
Common units issued		24,344,176
Acquisition of Crude Carriers Corp. by Partnership - Crude Employee Equity Incentive Plan
Business Acquisition [Line Items]
Purchase price consideration of Crude Carriers Corp - fair value attributable to precombination services of Crude Carriers Corp Equity Incentive plan		$ 1,505
Number of Crude Carriers' Corp incentive plan shares		399,400
Number of Partnership units after the conversion of Crude Carriers' Corp incentive plan shares		623,064
Partnership Units
Business Acquisition [Line Items]
Common units issued						142,000
Partnership General Partner
Business Acquisition [Line Items]
Number of general partner units converted		499,346					142,000
Capital General Partners
Business Acquisition [Line Items]
Interest of CGP in the partnership					2.00%

Transactions with Related Parties - Consolidated Balance Sheets (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Assets:
Due from related parties	$ 667	$ 0
Total assets	667	0
Liabilities:
Due to related parties	13,686	17,447
Deferred revenue - current (e)	6,936	10,302
Hire receivable (c)
Assets:
Due from related parties	667	0
Manager - payments on behalf of the Partnership (a)
Liabilities:
Due to related parties	12,333	15,957
Management fee payable to CSM (b)
Liabilities:
Due to related parties	1,353	1,490
Capital Maritime And Trading Corp
Liabilities:
Deferred revenue - current (e)	5,198	4,637
Total liabilities	$ 18,884	$ 22,084

Transactions with Related Parties - Consolidated Statements of Income (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related Party Transaction
Revenues (c)	$ 54,974	$ 69,938	$ 31,799
Voyage expenses	314	554	165
Vessel operating expenses	17,039	23,634	30,516
General and administrative expenses (d)	9,477	9,159	10,609
Capital Ship Management Corp
Related Party Transaction
Revenues (c)	54,974	69,938	31,799
Voyage expenses	314	554	165
Vessel operating expenses	17,039	23,634	30,516
General and administrative expenses (d)	$ 3,052	$ 3,092	$ 1,630

Transactions with Related Parties - Charter Revenues (Table) (Details)	12 Months Ended
	Dec. 31, 2013
M/T Agisilaos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	08/2011
Termination or earliest expected redelivery	09/2012
Gross Daily Hire Rate	$13.5
Net Daily Hire Rate	$13.3
M/T Agisilaos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	09/2012
Termination or earliest expected redelivery	09/2013
Gross Daily Hire Rate	$13.5
Net Daily Hire Rate	$13.3
M/T Agisilaos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	09/2013
Termination or earliest expected redelivery	08/2014
Gross Daily Hire Rate	$14.3
Net Daily Hire Rate	$14.1
M/T Axios
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	06/2012
Termination or earliest expected redelivery	06/2013
Gross Daily Hire Rate	$14.0
Net Daily Hire Rate	$13.8
M/T Axios
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	06/2013
Termination or earliest expected redelivery	05/2014
Gross Daily Hire Rate	$14.8
Net Daily Hire Rate	$14.6
M/T Arionas
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	10/2011
Termination or earliest expected redelivery	11/2012
Gross Daily Hire Rate	$13.8
Net Daily Hire Rate	$13.6
M/ T Arionas
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	11/2012
Termination or earliest expected redelivery	11/2013
Gross Daily Hire Rate	$13.8
Net Daily Hire Rate	$13.6
M/T Arionas
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	11/2013
Termination or earliest expected redelivery	10/2014
Gross Daily Hire Rate	$14.3
Net Daily Hire Rate	$14.1
M/T Alkiviadis
Related Party Transaction
Time Charter (TC) in years	2 TC
Commencement of Charter	06/2010
Termination or earliest expected redelivery	07/2012
Gross Daily Hire Rate	$13.0
Net Daily Hire Rate	$12.8
M/T Alkiviadis
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	07/2012
Termination or earliest expected redelivery	07/2013
Gross Daily Hire Rate	$13.4
Net Daily Hire Rate	$13.2
M/T Alkiviadis
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	07/2013
Termination or earliest expected redelivery	06/2014
Gross Daily Hire Rate	$14.3
Net Daily Hire Rate	$14.1
M/T Amore Mio II
Related Party Transaction
Time Charter (TC) in years	0.9 to 1.2 TC
Commencement of Charter	12/2011
Termination or earliest expected redelivery	03/2012
Gross Daily Hire Rate	$18.3
Net Daily Hire Rate	$18.0
M/T Amore Mio II
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	12/2013
Termination or earliest expected redelivery	11/2014
Gross Daily Hire Rate	$17.0
Net Daily Hire Rate	$16.8
M/T Avax
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	05/2011
Termination or earliest expected redelivery	05/2012
Gross Daily Hire Rate	$14.0
Net Daily Hire Rate	$13.8
M/T Avax
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	05/2012
Termination or earliest expected redelivery	05/2013
Gross Daily Hire Rate	$14.0
Net Daily Hire Rate	$13.8
M/T Avax
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	05/2013
Termination or earliest expected redelivery	10/2013
Gross Daily Hire Rate	$14.8
Net Daily Hire Rate	$14.6
M/T Akeraios
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	07/2011
Termination or earliest expected redelivery	07/2012
Gross Daily Hire Rate	$14.0
Net Daily Hire Rate	$13.8
M/T Akeraios
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	07/2012
Termination or earliest expected redelivery	07/2013
Gross Daily Hire Rate	$14.0
Net Daily Hire Rate	$13.8
M/T Akeraios
Related Party Transaction
Time Charter (TC) in years	1.5 TC
Commencement of Charter	07/2013
Termination or earliest expected redelivery	12/2014
Gross Daily Hire Rate	$15.0
Net Daily Hire Rate	$14.8
M/T Apostolos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	09/2012
Termination or earliest expected redelivery	10/2013
Gross Daily Hire Rate	$14.0
Net Daily Hire Rate	$13.8
M/T Apostolos
Related Party Transaction
Time Charter (TC) in years	1.2 to 1.5 TC
Commencement of Charter	10/2013
Termination or earliest expected redelivery	12/2014
Gross Daily Hire Rate	$14.9
Net Daily Hire Rate	$14.7
M/T Anemos I
Related Party Transaction
Time Charter (TC) in years	1.2 to 1.5 TC
Commencement of Charter	12/2013
Termination or earliest expected redelivery	02/2015
Gross Daily Hire Rate	$14.9
Net Daily Hire Rate	$14.7
M/T Aristotelis
Related Party Transaction
Time Charter (TC) in years	1.5 to 2.0 TC
Commencement of Charter	12/2013
Termination or earliest expected redelivery	06/2015
Gross Daily Hire Rate	$17.0
Net Daily Hire Rate	$16.8
M/T Miltiadis M II
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	03/2012
Termination or earliest expected redelivery	09/2012
Gross Daily Hire Rate	$18.3
Net Daily Hire Rate	$18.0
M/T Alexander The Great
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	11/2011
Termination or earliest expected redelivery	12/2012
Gross Daily Hire Rate	$28.0
Net Daily Hire Rate	$27.7
M/T Amoureux
Related Party Transaction
Time Charter (TC) in years	1+1 TC
Commencement of Charter	10/2011
Termination or earliest expected redelivery	1/2014
Gross Daily Hire Rate	$20.0+$24.0
Net Daily Hire Rate	$19.8+$23.7
M/T Aias
Related Party Transaction
Time Charter (TC) in years	1+1 TC
Commencement of Charter	11/2011
Termination or earliest expected redelivery	12/2013
Gross Daily Hire Rate	$20.0+$24.0
Net Daily Hire Rate	$19.8+$23.7
M/T Aias
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	12/2013
Termination or earliest expected redelivery	11/2014
Gross Daily Hire Rate	$24.0
Net Daily Hire Rate	$23.7
M/T Agamemnon
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	03/2013
Termination or earliest expected redelivery	10/2013
Gross Daily Hire Rate	$14.5
M/T Achilleas
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement of Charter	01/2012
Termination or earliest expected redelivery	12/2012
Gross Daily Hire Rate	$28.0
Net Daily Hire Rate	$27.7

Transactions with Related Parties - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Mar. 15, 2013
Capital Ship Management Corp
Related Party Transaction
Sales and purchase fee	1.00%
Commercial service fee	1.25%
Additional fees related to unforeseen events	$ 644	$ 1,850	$ 1,237
M/T Aristofanis - Claim Proceeds
Related Party Transaction
Additional fees related to unforeseen events	$ 330
M/T Attikos - Claim Proceeds
Related Party Transaction
Additional fees related to unforeseen events			$ 710
Capital Product Partners LP Adjusted Fee Payable
Related Party Transaction
Management agreement termination fees				$ 9,654

Vessels, net (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
Vessels, net (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Vessels (Abstract)
Carrying amount as at beginning of period	$ 959,550	$ 1,073,986
Acquisitions and improvements	308,141	133,105
Disposals	(38,923)	(156,128)
Impairment of vessels	0	(43,178)	$ 0
Depreciation	(51,949)	(48,235)
Carrying amount as at end of period	$ 1,176,819	$ 959,550	$ 1,073,986

Vessels, net (Details) $ in Thousands	12 Months Ended
Vessels, net (Details) $ in Thousands	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 22, 2012 USD ($)	Dec. 31, 2011 USD ($)	Sep. 11, 2013 USD ($)	Mar. 27, 2013 USD ($)	Mar. 20, 2013 USD ($)
Property Plant And Equipment
Vessels' impairment charge	$ 0	$ 43,178		$ 0
Vessel improvement costs capitalized		105
Net proceeds from sale of vessel	32,192	21,299		0
Gain / (loss) on sale of vessel	(7,073)	1,296		0
Vessel carrying value	$ 1,176,819	$ 959,550		$ 1,073,986
M/T Aristarchos (renamed M/T Aristotelis)
Property Plant And Equipment
Date of vessel acquisition / sale	Nov. 28, 2013
DWT	51,604
Year built	2013
Initial acquisition expenses	$ 111
Purchase price	$ 38,141
M/T Agamemnon II
Property Plant And Equipment
Date of vessel acquisition / sale	Nov. 05, 2013
DWT	51,238
Year built	2008
Unpaid expenses related to the sale of vessel	$ 343
Net proceeds from sale of vessel	32,192
Gain / (loss) on sale of vessel	(7,073)
Vessel carrying value	$ 38,923
Anax Container Carrier S.A.
Property Plant And Equipment
Fair value of vessels acquired					$ 54,000
Thiseas Container Carrier S.A.
Property Plant And Equipment
Fair value of vessels acquired					54,000
Cronus Container Carrier S.A.
Property Plant And Equipment
Fair value of vessels acquired					$ 54,000
Hercules Container Carrier S.A.
Property Plant And Equipment
Fair value of vessels acquired							$ 54,000
Iason Container Carrier S.A.
Property Plant And Equipment
Fair value of vessels acquired						$ 54,000
M/V Agamemnon
Property Plant And Equipment
Fair value of vessels acquired			$ 68,000
M/V Archimidis
Property Plant And Equipment
Fair value of vessels acquired			65,000
M/T Achilleas and M/T Alexander the Great
Property Plant And Equipment
Fair value of vessels disposed			137,750
Vessels' impairment charge			43,178
Vessel carrying value			$ 180,928
M/T Aristofanis
Property Plant And Equipment
Date of vessel acquisition / sale		Apr. 04, 2012
DWT		12,000
Year built		2005
Net proceeds from sale of vessel		$ 9,867
Gain / (loss) on sale of vessel		353
Vessel carrying value		$ 9,514
M/T Attikos
Property Plant And Equipment
Date of vessel acquisition / sale		Feb. 14, 2012
DWT		12,000
Year built		2005
Net proceeds from sale of vessel		$ 9,807
Gain / (loss) on sale of vessel		943
Vessel carrying value		$ 8,864

Above market acquired charters - Carrying Value (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	$ 47,720	$ 51,124
Acquisitions	97,256	4,500
Amortization	(13,594)	(7,904)	$ (5,489)
Carrying amount, end of period	131,382	47,720	51,124
M/V Cape Agamemnon
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	40,171	45,543
Acquisitions	0	0
Amortization	(5,357)	(5,372)
Carrying amount, end of period	34,814	40,171	45,543
M/T Assos
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	3,093	5,581
Acquisitions	0	0
Amortization	(2,481)	(2,488)
Carrying amount, end of period	612	3,093	5,581
M/V Agamemnon
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	2,227	0
Acquisitions	0	2,250
Amortization	(864)	(23)
Carrying amount, end of period	1,363	2,227	0
M/V Archimidis
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	2,229	0
Acquisitions	0	2,250
Amortization	(797)	(21)
Carrying amount, end of period	1,432	$ 2,229	$ 0
M/V Hyundai Premium
Acquired Finite Lived Intangible Assets
Acquisitions	19,707
Amortization	(1,311)
Carrying amount, end of period	18,396
M/V Hyundai Paramount
Acquired Finite Lived Intangible Assets
Acquisitions	19,768
Amortization	(1,240)
Carrying amount, end of period	18,528
M/V Hyundai Prestige
Acquired Finite Lived Intangible Assets
Acquisitions	19,094
Amortization	(519)
Carrying amount, end of period	18,575
M/V Hyundai Privilege
Acquired Finite Lived Intangible Assets
Acquisitions	19,329
Amortization	(513)
Carrying amount, end of period	18,816
M/V Hyundai Platinum
Acquired Finite Lived Intangible Assets
Acquisitions	19,358
Amortization	(512)
Carrying amount, end of period	$ 18,846

Above market acquired charters - Amortization Schedule (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Sep. 11, 2013	Mar. 27, 2013	Mar. 20, 2013	Dec. 31, 2012	Dec. 22, 2012	Dec. 31, 2011	Jun. 09, 2011
For the twelve months period ended December 31,
2014	$ 16,000
2015	14,865
2016	13,756
2017	13,729
2018	13,729
Thereafter	59,303
Total	131,382				$ 47,720		$ 51,124
M/V Cape Agamemnon
For the twelve months period ended December 31,
2014	5,357
2015	5,357
2016	5,372
2017	5,357
2018	5,357
Thereafter	8,014
Total	34,814				40,171		45,543	$ 48,551
M/T Assos
For the twelve months period ended December 31,
2014	612
2015	0
2016	0
2017	0
2018	0
Thereafter	0
Total	612				3,093		5,581
M/V Agamemnon
For the twelve months period ended December 31,
2014	863
2015	500
2016	0
2017	0
2018	0
Thereafter	0
Total	1,363				2,227	$ 2,250	0
M/V Archimidis
For the twelve months period ended December 31,
2014	796
2015	636
2016	0
2017	0
2018	0
Thereafter	0
Total	1,432				$ 2,229	$ 2,250	$ 0
M/V Hyundai Premium
For the twelve months period ended December 31,
2014	1,668
2015	1,668
2016	1,668
2017	1,668
2018	1,668
Thereafter	10,056
Total	18,396			$ 19,707
M/V Hyundai Paramount
For the twelve months period ended December 31,
2014	1,670
2015	1,670
2016	1,670
2017	1,670
2018	1,670
Thereafter	10,178
Total	18,528		$ 19,768
M/V Hyundai Prestige
For the twelve months period ended December 31,
2014	1,693
2015	1,693
2016	1,697
2017	1,693
2018	1,693
Thereafter	10,106
Total	18,575	$ 19,094
M/V Hyundai Privilege
For the twelve months period ended December 31,
2014	1,672
2015	1,672
2016	1,675
2017	1,672
2018	1,672
Thereafter	10,453
Total	18,816	19,329
M/V Hyundai Platinum
For the twelve months period ended December 31,
2014	1,669
2015	1,669
2016	1,674
2017	1,669
2018	1,669
Thereafter	10,496
Total	$ 18,846	$ 19,358

Long Term Debt - Total Debt (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Debt Instrument
Total debt	$ 583,315	$ 458,365
Less: Current portion	5,400	0
Long-term portion	577,915	458,365
(i) Issued In April, 2007 maturing In June, 2017 Capital Product Partners L.P. Bank Loan
Debt Instrument
Total debt	$ 250,850	250,850
Margin	2.00%
(ii) Issued In March, 2008 maturing In March 2018 Capital Product Partners L.P. Bank Loan
Debt Instrument
Total debt	$ 238,465	188,515
Margin	3.00%
(iii) Issued In June 2011 maturing In March 2018 Capital Product Partners L.P. Bank Loan
Debt Instrument
Total debt	$ 19,000	19,000
Margin	3.25%
(iv) Issued in September 2013 maturing in December 2020 Capital Product Partners L.P. Bank Loan
Debt Instrument
Total debt	$ 75,000	$ 0
Margin	3.50%

Long-Term Debt - Credit Facilities (Table) (Details) $ in Thousands	Dec. 31, 2013 USD ($)
M/T Akeraios - $370,000 Credit Facility (i)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 46,850
Amount drawn down date	Jul. 13, 2007
M/T Apostolos - $370,000 Credit Facility (i)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 56,000
Amount drawn down date	Sep. 20, 2007
M/T Anemos I - $370,000 Credit Facility (i)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 56,000
Amount drawn down date	Sep. 28, 2007
M/T Alexandros II - $370,000 Credit Facility (i)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 48,000
Amount drawn down date	Jan. 29, 2008
M/T Amore Mio II - $350,000 Credit Facility (ii)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 46,000
Amount drawn down date	Mar. 27, 2008
M/T Aristofanis - $350,000 Credit Facility (ii)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 11,500
Amount drawn down date	Apr. 30, 2008
M/T Aristotelis II - $370,000 Credit Facility (i)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 20,000
Amount drawn down date	Jun. 17, 2008
M/T Aris II - $370,000 Credit Facility (i)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 24,000
Amount drawn down date	Aug. 20, 2008
M/T Aris II - $350,000 Credit Facility (ii)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 1,584
Amount drawn down date	Aug. 20, 2008
M/V Cape Agamemnon - $25,000 Credit Facility (iii)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 19,000
Amount drawn down date	Jun. 09, 2011
M/V Hyundai Premium - $350,000 Credit Facility (ii)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 24,975
Amount drawn down date	Mar. 20, 2013
M/V Hyundai Paramount - $350,000 Credit Facility (ii)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 24,975
Amount drawn down date	Mar. 27, 2013
M/V Hyundai Prestige (CCNI Angol), M/V Hyundai Privilege, M/V Hyundai Platinum - $225,000 Senior Secured Credit Facility (iv)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 75,000
Amount drawn down date	Sep. 06, 2013
Crude Carriers Corp. and its subsidiaries - $350,000 Credit Facility (ii)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 129,431
Amount drawn down date	Sep. 30, 2011
$370,000 Credit Facility (i)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 250,850
$350,000 Credit Facility (ii)
Debt Instrument
Line Of Credit Facility Amount Outstanding	238,465
$25,000 Credit Facility (iii)
Debt Instrument
Line Of Credit Facility Amount Outstanding	19,000
$225,000 Senior Secured Credit Facility (iv)
Debt Instrument
Line Of Credit Facility Amount Outstanding	$ 75,000

Long-Term Debt - Annual Loan Payments (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Debt Instrument
2014	$ 5,400
2015	5,400
2016	98,488
2017	245,538
2018	170,796
Thereafter	57,693
Total	583,315	$ 458,365
$370,000 Credit Facility (i)
Debt Instrument
2014	0
2015	0
2016	51,900
2017	198,950
2018	0
Thereafter	0
Total	250,850
$350,000 Credit Facility (ii)
Debt Instrument
2014	5,400
2015	5,400
2016	36,819
2017	36,819
2018	154,027
Thereafter	0
Total	238,465
$25,000 Credit Facility (iii)
Debt Instrument
2014	0
2015	0
2016	4,000
2017	4,000
2018	11,000
Thereafter	0
Total	19,000
$225,000 Senior Secured Credit Facility (iv)
Debt Instrument
2014	0
2015	0
2016	5,769
2017	5,769
2018	5,769
Thereafter	57,693
Total	$ 75,000

Long-Term Debt - Additional Information (Details) $ in Thousands						1 Months Ended	5 Months Ended		7 Months Ended	8 Months Ended	9 Months Ended		12 Months Ended
	Mar. 27, 2013 USD ($)	Mar. 26, 2013 USD ($)	May 23, 2012 USD ($)	May 23, 2012 USD ($)	Apr. 04, 2012 USD ($)	Feb. 15, 2012 USD ($)	Jun. 06, 2012 USD ($)	May 23, 2012 USD ($)	Dec. 31, 2012 USD ($)	Aug. 31, 2013 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Sep. 30, 2013 USD ($)	Mar. 31, 2013 USD ($)
Debt Instrument
Repayment of credit facility													$ 4,050	$ 175,215	$ 134,580
Repayment of debt - Net proceeds from issuance of preferred units		$ 72,557								$ 119,811			192,368	136,419
Interest expense on long term debt													$ 15,991	26,658	33,820
Hyundai Prestige (renamed to CCNI Angol), Hyundai Privilege and Hyundai Platinum containership capacity													5,000
$225,000 Senior Secured Credit Facility (iv)
Debt Instrument
Line of credit facility, maximum borrowing capacity											$ 225,000	$ 225,000	$ 225,000
Debt variable rate basis													LIBOR
Commitment fees													1.00%
$225,000 Senior Secured Credit Facility Tranche A													$ 75,000
Number of installments																20
$225,000 Senior Secured Credit Facility Tranche B											150,000	150,000	150,000
$370,000 Credit Facility (i)
Debt Instrument
Line of credit facility, maximum borrowing capacity			$ 370,000	$ 370,000				$ 370,000
Repayment of credit facility					$ 10,500	$ 10,000
$350,000 Credit Facility (ii)
Debt Instrument
Line of credit facility, maximum borrowing capacity																	$ 350,000
Repayment of credit facility														$ 5,149
$225,000 Senior Secured Credit Facility Tranche A	$ 54,000
Cancellation of undrawn tranche			$ 52,500	$ 52,500				$ 52,500									$ 1,420
Number of installments			9	9				9
Quarterly periodic repayments			$ 7,855
$25,000 Credit Facility (iii)
Debt Instrument
Line of credit facility, maximum borrowing capacity											25,000	$ 25,000	25,000
Number of installments			9	9				9
Quarterly periodic repayments				$ 1,000
All three Credit Facilities
Debt Instrument
Repayment of credit facility								$ 149,566
$370,000 Term Loan
Debt Instrument
Number of installments			6	6				6
Quarterly periodic repayments			$ 12,975
Credit Facility converted to Term Loan									$ 370,000				$ 370,000
$350,000 Term Loan
Debt Instrument
Credit Facility converted to Term Loan											$ 350,000
Repayment of debt
Debt Instrument
Repayment of debt - Net proceeds from issuance of preferred units							$ 136,419
Long-Term Debt
Debt Instrument
Weighted average interest rate									3.11%		2.81%	2.81%	2.81%	3.11%
Interest expense on long term debt													$ 14,982	$ 25,788	32,216
Repayment of debt - Cash used from cash and cash equivalents
Debt Instrument
Repayment of credit facility								$ 13,147
Market disruption clause
Debt Instrument
Interest expense on long term debt													$ 0	$ 373	$ 1,290
$225,000 Senior Secured Credit Facility original borrowing capacity
Debt Instrument
Line of credit facility, maximum borrowing capacity																$ 200,000
$350,000 Credit Facility (ii) $54,000 Drawn Down Portion
Debt Instrument
Balloon payment due in March 2018	$ 27,000
Number of installments	20
Quarterly periodic repayments												$ 1,350

Long-Term Debt - Covenant Description (Details)	12 Months Ended
Long-Term Debt - Covenant Description (Details)	Dec. 31, 2013
Long-Term Debt (Abstract)
Debt Instrument Covenant Description	The Partnership's credit facilities contain customary ship finance covenants, including restrictions as to: changes in management and ownership of the mortgaged vessels, the incurrence of additional indebtedness, the mortgaging of vessels, the ratio of EBITDA to Net Interest Expenses shall be no less than 2:1, minimum cash requirement of $500 per vessel, as well as the ratio of net Total Indebtedness to the aggregate Market Value of the total fleet shall not exceed 0.725:1. The credit facilities also contain the collateral maintenance requirement in which the aggregate average fair market value, of the collateral vessels shall be no less than 125% of the aggregate outstanding amount under these facilities. Also the vessel-owning companies may pay dividends or make distributions when no event of default has occurred and the payment of such dividend or distribution has not resulted in a breach of any of the financial covenants. As of December 31, 2013 and 2012 the Partnership was in compliance with all financial debt covenants. The credit facilities have a general assignment of the earnings, insurances and requisition compensation of the respective vessel or vessels. Each also requires additional security, including: pledge and charge on current account; corporate guarantee from each of the thirty vessel-owning companies, and mortgage interest insurance. The Partnership's credit facilities contain a ''Market Disruption Clause'' where the lenders, at their discretion, may impose additional interest margin if their borrowing rate exceeds effective interest rate (LIBOR) stated in the loan agreement with the Partnership. For the years ended December 31, 2013, 2012 and 2011 the Partnership incurred an additional interest expense in the amount of $0, $373 and $1,290 respectively due to the ''Market Disruption Clause''.

Derivative Instruments - Fair Value (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Derivative
Short-term liabilities	$ 0	$ 467
Long-term liabilities	0	0
Total	0	467
Interest Rate Swaps
Derivative
Short-term liabilities	0	467
Long-term liabilities	0	0
Total	$ 0	$ 467

Derivative Instruments - Balance Sheet Location (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Derivatives Fair Value
Derivative instruments long-term liabilities.	$ 0	$ 0
Derivative instruments short-term liabilities.	0	467
Total Derivative Liabilities	0	467
Derivatives designated as hedging instruments - effective hedges
Derivatives Fair Value
Derivative instruments long-term liabilities.	0	0
Derivative instruments short-term liabilities.	0	100
Total derivatives not designated as hedging instruments - ineffective hedges
Derivatives Fair Value
Derivative instruments short-term liabilities.	$ 0	$ 367

Derivative Instruments - Effective Portion (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Amount of Gain Recorded in OCI (Effective Portion)	$ 462	$ 10,762	$ 17,518
Amount of Gain/ (Loss) recognized in the consolidated statements of comprehensive income	4	1,448	2,310
Interest rate swaps
Amount of Gain Recorded in OCI (Effective Portion)	(4)	(1,903)	(4,234)
Interest expense and finance cost
Amount of Gain Recorded in OCI (Effective Portion)	462	10,762	17,518
Amount of Loss Reclassified from OCI into consolidated statements of comprehensive income (Effective Portion)	(466)	(12,665)	(21,752)
Gain on interest rate swap agreement
Amount of Gain/ (Loss) recognized in the consolidated statements of comprehensive income	$ 4	$ 1,448	$ 2,310

Derivative Instruments - Fair Value Measured on Recurring Basis (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Derivatives Fair Value
Derivatives	$ 0	$ 467
Quoted Prices in Active Markets for Identical Assets (Level 1)
Derivatives Fair Value
Derivatives	0	0
Significant Other Observable Inputs (Level 2)
Derivatives Fair Value
Derivatives	0	467
Significant Unobservable Inputs (Level 3)
Derivatives Fair Value
Derivatives	$ 0	$ 0

Derivative Instruments - Additional Information (Details) $ in Thousands	3 Months Ended	5 Months Ended	12 Months Ended
	Mar. 31, 2012 USD ($)	May 23, 2012 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Jun. 30, 2012	Jun. 29, 2012
Debt Instrument
Number of Interest rate swaps			14
Number of Partnership's interest rate swaps expired			3
Interest rate swap agreements base rate			LIBOR
Number of interest rate swaps not qualifying as cash flow hedges	1	1
Interest rate swap not qualifying as cashflow hedge, amount to be amortized from OCL to Partnership' s Consolidated Statements of Comprehensive (Loss) / Income	$ 1,400	$ 50
Change of the fair value of certain swap agreements			$ 4	$ 1,448	$ 2,310
$370,000 Credit Facility
Debt Instrument
Number of Partnership's interest rate swaps expired							9
Number of interest rate swap agreements terminated						1
$350,000 Credit Facility
Debt Instrument
Number of interest rate swap agreements terminated				1
Number of interest rate swap agreements partially terminated				1
Interest Rate Swap
Debt Instrument
Notional amount of interest rate derivatives expired			$ 59,084

Accrued Liabilities (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Accrued Liabilities (Abstract)
Accrued loan interest and loan fees	$ 312	$ 62
Accrued operating expenses	2,501	1,311
Accrued voyage expenses and commissions	1,543	909
Accrued general and administrative expenses	1,031	499
Total	$ 5,387	$ 2,781

Voyage Expenses And Vessel Operating Expenses (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Voyage expenses:
Commissions	$ 2,742	$ 1,752	$ 1,844
Bunkers	2,473	3,921	8,400
Port expenses	226	0	1,390
Other	649	(5)	96
Total	6,090	5,668	11,730
Vessel operating expenses:
Crew costs and related costs	21,154	13,230	2,963
Insurance expense	3,780	2,830	784
Spares, repairs, maintenance and other expenses	6,545	2,231	390
Stores and lubricants	5,022	3,115	651
Management fees	16,395	21,784	29,279
Vetting, insurances, spares and repairs (Note 4)	644	1,850	1,237
Other operating expenses	1,783	720	161
Total	$ 55,323	$ 45,760	$ 35,465

Cash Flow - Crude's Net Assets (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Sep. 30, 2011
Cash Flow Information
Trade receivables	$ 4,365	$ 2,346
Prepayments and other assets	1,376	1,259
Inventories	2,740	2,333
Vessels	1,176,819	959,550	$ 1,073,986
Total assets	1,401,772	1,070,128
Trade accounts payable	7,519	4,776
Due to related parties	13,686	17,447
Accrued liabilities	5,387	2,781
Long term debt	583,315	458,365
Total liabilities	$ 620,346	$ 496,300
Crude Carrier Corp Net Assets Not Included In Cash Flow
Cash Flow Information
Trade receivables				$ 8,321
Prepayments and other assets				629
Inventories				9,503
Vessels				351,750
Total assets				370,203
Trade accounts payable				12,497
Due to related parties				10,457
Accrued liabilities				1,525
Long term debt				134,580
Total liabilities				159,059
Total Net Assets				$ 211,144

Partners' Capital - Partnership Units (Table) (Details) - shares	Dec. 31, 2013	Dec. 31, 2012
Partners' Capital (Abstract)
Common units	88,440,710	69,372,077
General partner units	1,765,457	1,415,757
Preferred units	18,922,221	15,555,554
Total partnership units	109,128,388	86,343,388

Partners' Capital - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		8 Months Ended	12 Months Ended
	Mar. 26, 2013	Aug. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Jun. 06, 2012	Jun. 30, 2011
Business Acquisition
Equity offering		13,685,000	88,440,710	69,372,077
Net price per common unit		$ 9.25
Net proceeds from equity offering		$ 120,696
Interest of CGP in the partnership		2.00%
Number of Class B convertible preferred units converted to common units			5,733,333
Class B convertible preferred unit issued	9,100,000					15,555,554
Class B convertible preferred unit price	$ 8.25
Issuance of partnership units	$ 72,557	$ 119,811	$ 192,368	$ 136,419
Conversion price of the Preferred units						$ 9
Preferred Units Conversion Rate						1
May 23 And June 6 2012 Preferred Units Agreement Conversion Terms			Commencing on May 23, 2015, in the event the 30-day volume-weighted average trading price ("VWAP") and the daily VWAP of the Common Units on the National Securities Exchange on which the Common Units are listed or admitted to trading exceeds 130% of the then applicable Conversion Price for at least 20 Trading Days out of the 30 consecutive Trading Day period used to calculate the 30-day VWAP (the "Partnership Mandatory Conversion Event") the Partnership (acting pursuant to direction and approval of the Conflicts Committee (following consultation with the full Board of Directors), shall have the right to convert the Class B Convertible Preferred Units then outstanding in whole or in part into Common Units at the then-applicable Conversion Ratio. The holders of the outstanding Class B Convertible Preferred Units as of an applicable record date shall be entitled to receive, when, as and if authorized by the Partnership's board of directors or any duly authorized committee, out of legally available funds for such purpose, (a) first, the minimum quarterly Class B Convertible Preferred Unit Distribution Rate on each Class B Convertible Preferred Unit and (b) second, any cumulative Class B Convertible Preferred Unit Arrearage then outstanding, prior to any other distributions made in respect of any other Partnership Interests pursuant to this Agreement in cash. The minimum quarterly Class B Convertible Preferred Unit Distribution Rate shall be payable quarterly which is generally expected to be February 10, May 10, August 10 and November 10, or, if any such date is not a business day, the next succeeding business day. Any distribution payable on the Class B Convertible Preferred Units for any partial quarter (other than the initial distribution payable on the Class B Convertible Preferred Units for the period from May 22, 2012 through June 30, 2012 that equals to $0.26736 for each Class B Convertible Preferred Unit ) shall equal the product of the minimum quarterly Class B Convertible Preferred Unit distribution rate of $0.21375 (equals to a 9.5% annual distribution rate, subject to adjustment in the cases where clause of change of control, and/or clause of cross default provisions of the "Agreement" applies).
Dividends declared and paid			$ 88,241	$ 73,316	$ 45,116
Partnership Units
Business Acquisition
Equity offering							142,000
Underwriters Exercise of Overallotment Options
Business Acquisition
Equity offering		1,785,000
CMTC
Business Acquisition
Units purchased		279,286
Common Units converted to General Partner Units		349,700

Omnibus Incentive Compensation Plan (Table) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($) shares
Employee equity compensation
Units
Unvested, beginning of period \| shares	338,135
Vested \| shares	338,135
Unvested, end of period \| shares	0
Grant-date fair value
Unvested, beginning of period \| $	$ 2,521
Vested \| $	2,521
Unvested, end of period \| $	$ 0
Non-Employee equity compensation
Units
Unvested, beginning of period \| shares	650,464
Vested \| shares	650,464
Unvested, end of period \| shares	0
Grant-date fair value
Unvested, beginning of period \| $	$ 4,736
Vested \| $	4,736
Unvested, end of period \| $	$ 0

Omnibus Incentive Compensation Plan - Additional Information (Details) $ in Thousands	2 Months Ended	8 Months Ended		9 Months Ended	12 Months Ended
	Mar. 01, 2010 shares	Aug. 31, 2010 shares	Aug. 25, 2010 shares	Sep. 30, 2011 shares	Dec. 31, 2013 USD ($) shares	Dec. 31, 2012 USD ($) shares	Dec. 31, 2011 USD ($)	Jul. 22, 2010 shares	Apr. 29, 2008 shares
Share based compensation \| $					$ 3,528	$ 3,826	$ 2,455
Partnerships Omnibus Incentive Compensation Plan
Units / Shares authorized								800,000	500,000
Partnerships Omnibus Incentive Compensation Plan Employees
Units granted			448,000
Number of annual installments					3
Partnerships Omnibus Incentive Compensation Plan Non Employees
Units granted		347,200
Vesting date of remaining awards					Aug. 31, 2013
Crude Carriers Corp. Equity Incentive Plan
Units / Shares authorized	400,000
Units granted	399,400
Number of annual installments					3
Vesting date of remaining awards					Aug. 31, 2013
Acquisition of Crude Carriers Corp. by the Partnership - Crude Equity Incentive Plan
Shares exchange ratio				1.56
Acquisition of Crude Carriers Corp. by the Partnership - Crude Employee Equity Incentive Plan
Unvested shares				205,000
Number of units converted				319,800
Acquisition of Crude Carriers Corp. by the Partnership - Crude Non Employee Equity Incentive Plan
Unvested shares				194,400
Number of units converted				303,264
Acquisition of Crude Carriers Corp. by the Partnership - Crude Independent Committee
Vested shares				20,000
Number of units vested and converted				31,200
Employee equity compensation
Unvested shares					0	338,135
Vested shares					338,135
Share based compensation \| $					$ 1,216	$ 1,834	1,358
Non-Employee equity compensation
Unvested shares					0	650,464
Vested shares					650,464
Share based compensation \| $					$ 2,312	$ 1,992	$ 1,097

Net Income / (Loss) Per Unit Basic (Table) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Numerators
Patrnership's net income	$ 99,481	$ (21,189)	$ 87,120
Less:
Partnership's net income available to preferred unit holders	18,805	10,809	0
General Partner's interest in Partnership's net income	$ 1,598	$ (640)	$ 1,742
Denominators
Weighted average number of common units outstanding, basic	75,645,207	68,256,072	47,138,336
Net income per common unit:
Basic	$ 1.04	$ (0.46)	$ 1.78
Basic
Numerators
Patrnership's net income	$ 99,481	$ (21,189)	$ 87,120
Less:
Partnership's net income available to preferred unit holders	18,805	10,809	0
General Partner's interest in Partnership's net income	1,598	(640)	1,742
Partnership's net income allocable to unvested units	678	0	1,571
Partnership's net income available to common unit holders	$ 78,400	$ (31,358)	$ 83,807
Denominators
Weighted average number of common units outstanding, basic	75,645,207	68,256,072	47,138,336
Net income per common unit:
Basic	$ 1.04	$ (0.46)	$ 1.78

Net Income / (Loss) Per Unit Diluted (Table) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Numerators
Partnership's net income available to common unit holders	$ 99,481	$ (21,189)	$ 87,120
Less:
General Partner's interest in Partnership's net income	1,598	(640)	1,742
Partnership's net income available to preferred unit holders	$ 18,805	$ 10,809	$ 0
Denominators
Weighted average number of common units outstanding, basic	75,645,207	68,256,072	47,138,336
Weighted average number of common units outstanding, diluted	97,369,136	68,256,072	47,138,336
Net income per common unit:
Diluted	$ 1.01	$ (0.46)	$ 1.78
Diluted
Numerators
Partnership's net income available to common unit holders	$ 99,481	$ (21,189)	$ 87,120
Less:
General Partner's interest in Partnership's net income	1,574	(640)	1,742
Partnership's net income available to preferred unit holders	18,805	10,809	0
Partnership's net income allocable to unvested units	678	0	1,571
Add:
Partnership's net income available to preferred unit holders	18,805	0	0
Partnership's net income allocable to unvested units	678	0	0
-	$ 97,907	$ (31,358)	$ 83,807
Denominators
Weighted average number of common units outstanding, basic	75,645,207	68,256,072	47,138,336
Dilutive effect of preferred units	21,069,664	0	0
Dilutive effect of unvested shares	654,265	0	0
Weighted average number of common units outstanding, diluted	97,369,136	68,256,072	47,138,336
Net income per common unit:
Diluted	$ 1.01	$ (0.46)	$ 1.78

Net Income / (Loss) Per Unit - Additional Information (Details)	12 Months Ended
	Dec. 31, 2011 shares
Net (Loss) / Income Per Unit (Abstract)
Antidilutive non vested units	1,187,130

Gain on sale of claim (Additional Information) (Details) $ in Thousands	2 Months Ended	6 Months Ended	10 Months Ended		12 Months Ended
	Feb. 28, 2013	Jun. 26, 2013 USD ($)	Dec. 31, 2013 USD ($)	Nov. 14, 2012	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Jun. 25, 2013	May 24, 2013 USD ($)
Gain on sale of claim
Number of claims				3
Total claim amount									$ 54,096
Gain on sale of claim to third party					$ 31,356	$ 0	$ 0
Proceeds received on transfer of claim to third party		$ 32,000
New charter contracts
Gain on sale of claim
Net daily hire rate per vessel			6.3
Original charter contracts
Gain on sale of claim
Net daily hire rate per vessel	13
Deutsche Bank
Gain on sale of claim
Percentage of right, title, interest, claims and causes of action transferred								100.00%
Maximum amount to be paid to a third party			$ 644		$ 644

Commitments and Contingencies - Lease Commitments (Table) (Details)	12 Months Ended
	Dec. 31, 2013
M/V Archimidis
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	3+2+1+1 TC
Commencement of Charter	11/2012
Charterer	Maersk
Gross Daily Hire Rate (Without Profit Sharing)	$34.0
M/V Agamemnon
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	3+2+1+1 TC
Commencement of Charter	06/2012
Charterer	Maersk
Gross Daily Hire Rate (Without Profit Sharing)	$34.0
M/T Amoureux
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	1 TC
Commencement of Charter	1/2014
Charterer	CMTC
Profit Sharing	50/50
Gross Daily Hire Rate (Without Profit Sharing)	$24.0
M/T Aias
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	1TC
Commencement of Charter	12/2013
Charterer	CMTC
Profit Sharing	50/50
Gross Daily Hire Rate (Without Profit Sharing)	$24.0
M/T Atlantas (M/T British Ensign)
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	5+3+2+1 BC
Commencement of Charter	04/2006
Charterer	BP
Gross Daily Hire Rate (Without Profit Sharing)	$15.2 (5y) $13.5(3y) $6.8(2y)
M/T Aktoras (M/T British Envoy)
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	5+3+1.5+1 BC
Commencement of Charter	07/2006
Charterer	BP
Gross Daily Hire Rate (Without Profit Sharing)	$15.2(5y) $13.5(3y) $7.0(1.5y)
M/V Cape Agamemnon
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	10 TC
Commencement of Charter	07/2010
Charterer	COSCO Bulk
Gross Daily Hire Rate (Without Profit Sharing)	$42.2
M/T Agisilaos
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	1 TC
Commencement of Charter	09/2013
Charterer	CMTC
Profit Sharing	50/50
Gross Daily Hire Rate (Without Profit Sharing)	$14.3
M/T Arionas
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	1 TC
Commencement of Charter	11/2013
Charterer	CMTC
Profit Sharing	50/50
Gross Daily Hire Rate (Without Profit Sharing)	$14.3
M/T Aiolos (M/T British Emissary)
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	5+3+2+1 BC
Commencement of Charter	03/2007
Charterer	BP
Gross Daily Hire Rate (Without Profit Sharing)	$15.2(5y) $13.5(3y) $7.0(2y)
M/T Avax
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	1+1 TC
Commencement of Charter	10/2013
Charterer	BP
Profit Sharing	50/50
Gross Daily Hire Rate (Without Profit Sharing)	$14.8
M/T Axios
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	1 TC
Commencement of Charter	06/2013
Charterer	CMTC
Profit Sharing	50/50
Gross Daily Hire Rate (Without Profit Sharing)	$14.8
M/T Alkiviadis
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	1 TC
Commencement of Charter	07/2013
Charterer	CMTC
Profit Sharing	50/50
Gross Daily Hire Rate (Without Profit Sharing)	$14.3
M/T Assos (M/T Insurgentes)
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	5 BC
Commencement of Charter	04/2009
Charterer	Arrendadora Ocean Mexicana, S.A. de C.V renamed to Blue Marine Cargo S.A. de C.V. ("Blue Marine")
Gross Daily Hire Rate (Without Profit Sharing)	$16.8
M/T Atrotos (M/T El Pipila)
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	5 BC
Commencement of Charter	04/2009
Charterer	Blue Marine
Gross Daily Hire Rate (Without Profit Sharing)	$16.8
M/T Akeraios
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	1.5 TC
Commencement of Charter	07/2013
Charterer	CMTC
Profit Sharing	50/50
Gross Daily Hire Rate (Without Profit Sharing)	$15.0
M/T Anemos I
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	1.2 TC
Commencement of Charter	12/2013
Charterer	CMTC
Profit Sharing	50/50
Gross Daily Hire Rate (Without Profit Sharing)	$14.9
M/T Apostolos
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	1.2 TC
Commencement of Charter	10/2013
Charterer	CMTC
Profit Sharing	50/50
Gross Daily Hire Rate (Without Profit Sharing)	$14.9
M/T Alexandros II (M/T Overseas Serifos)
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	5 BC 5 BC
Commencement of Charter	01/2008 05/2013
Charterer	OSG
Gross Daily Hire Rate (Without Profit Sharing)	$13.0 $6.3
M/T Aristotelis II (M/T Overseas Sifnos)
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	5 BC 5 BC
Commencement of Charter	06/2008 03/2013
Charterer	OSG
Gross Daily Hire Rate (Without Profit Sharing)	$13.0 $6.3
M/T Aris II (M/T Overseas Kimolos)
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	5 BC 5 BC
Commencement of Charter	08/2008 03/2013
Charterer	OSG
Gross Daily Hire Rate (Without Profit Sharing)	$13.0 $6.3
M/T Aristotelis
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	1.5 TC
Commencement of Charter	12/2013
Charterer	CMTC
Profit Sharing	50/50
Gross Daily Hire Rate (Without Profit Sharing)	$17.0
M/T Ayrton II
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	1+1 TC
Commencement of Charter	04/2012
Charterer	BP
Profit Sharing	50/50
Gross Daily Hire Rate (Without Profit Sharing)	$14.0(1y)+$15(1y)
M/T Amore Mio II
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	1 TC
Commencement of Charter	12/2013
Charterer	CMTC
Gross Daily Hire Rate (Without Profit Sharing)	$17.0
M/T Miltiadis M II
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	2 TC
Commencement of Charter	09/2012
Charterer	Subtec, S.A. de C.V.
Gross Daily Hire Rate (Without Profit Sharing)	$23.2
M/V Hyundai Prestige
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	12 TC
Commencement of Charter	02/2013
Charterer	HMM
Gross Daily Hire Rate (Without Profit Sharing)	$29,4
M/V Hyundai Premium
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	12 TC
Commencement of Charter	03/2013
Charterer	HMM
Gross Daily Hire Rate (Without Profit Sharing)	$29.4
M/V Hyundai Paramount
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	12 TC
Commencement of Charter	04/2013
Charterer	HMM
Gross Daily Hire Rate (Without Profit Sharing)	$29.4
M/V Hyundai Privilege
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	12 TC
Commencement of Charter	05/2013
Charterer	HMM
Gross Daily Hire Rate (Without Profit Sharing)	$29.4
M/V Hyundai Platinum
Property Plant And Equipment
Time Charter ("TC") / Bare Boat Charter (BC) (Years)	12 TC
Commencement of Charter	06/2013
Charterer	HMM
Gross Daily Hire Rate (Without Profit Sharing)	$29.4

Commitments and Contingencies - Future Minimum Charter Hire Receipts (Table) (Details) $ in Thousands	Dec. 31, 2013 USD ($)
Year ended December 31,
2014	$ 183,430
2015	104,139
2016	79,454
2017	76,038
2018	70,692
Thereafter	351,292
Total	$ 865,045

Commitments and Contingencies - Additional Information (Details)	12 Months Ended
	Dec. 31, 2013
OSG
Lease Commitments - Additional Information
Charter Terms	On November 14, 2012, OSG made a voluntary filing for relief under Chapter 11 of the U.S. Bankruptcy Code. After discussions with the Partnership and OSG agreed to enter into new charters contracts on substantially the same terms as the prior charters but at a bareboat rate of $6.3 per day. OSG has the option of extending the employment of each vessel following the completion of the bareboat charters for an additional two years on a time chartered basis at a rate of $16.5 per day. OSG has an option to purchase each of the three STX vessels at the end of the eighth, ninth or tenth year of the charter, for $38,000, $35,500 and $33,000, respectively, which option is exercisable six months before the date of completion of the eighth, ninth or tenth year of the charter. The expiration date above may therefore change depending on whether the charterer exercises its purchase option.
M/V Archimidis and M/V Agamemnon
Lease Commitments - Additional Information
Charter Terms	M/V Archimidis and the M/V Agamemnon are employed on time charters with Maersk at a gross day rate of US$34.0 per day with earliest redelivery in October 2015 and July 2015, respectively. Maersk has the option to extend the charter of both vessels for an additional four years at a gross day rate of $31.5 and $30.5 per day, respectively for the fourth and fifth year and $32.0 per day for the final two years. If all options were to be exercised, the employment of the vessels would extend to July 2019 for the M/V Agamemnon and October 2019 for the M/V Archimidis.
CMTC
Lease Commitments - Additional Information
Charter Terms	The vessel owning companies of the M/T Amoureux and the M/T Aias have entered into a one year time charter with Capital Maritime at a gross rate of $24.0 per day for each vessel with profit share on actual earnings settled every six months. The charters were commenced in January 2014 and December 2013 respectively.
M/T Avax
Lease Commitments - Additional Information
Charter Terms	The vessel's actual earnings under its charter will be $14.75 gross per day until May 2014 and $14.8 gross per day between May and October 2014, as the new daily charter rate includes compensation that CMTC will pay to the Partnership for the vessel's early redelivery in accordance with the terms of the charter party agreement with CMTC. BP has the option to extend the charter for one year at a daily rate of $15.6
M/T Atlantas (M/T British Ensign)
Lease Commitments - Additional Information
Charter Terms	The M/T British Ensign will continue its bareboat charter with BP after the completion of its current charter in April 2014 for an additional 24 months at a bareboat rate of $6.8 per day. BP has the option to extend the duration of the charter for up to a further 12 months either as bareboat charter at a bareboat rate of $7.3 per day for the optional periods if declared or on time charter basis during the optional periods at a time charter rate of $14.3 per day, if declared.
M/T Aktoras (M/T British Envoy)
Lease Commitments - Additional Information
Charter Terms	The M/T British Envoy will continue its bareboat charter with BP after the completion of the current charter in July 2014 for an additional 18 months at a bareboat rate of $7.0 per day. BP has the option to extend the charter duration for up to a further 12 months either as a bareboat charter at a bareboat rate $7.3 per day for the optional periods,if declared or as a time charter at a time charter rate of $14.3 per day, if declared.
M/T Aiolos (M/T British Emissary)
Lease Commitments - Additional Information
Charter Terms	The M/T British Emissary will continue its bareboat charter with BP after the completion of its current charters in March 2015 for an additional 24 months at a bareboat rate of $7.0 per day. BP has the option to extend the duration of the charter for up to a further 12 months either as bareboat charter at a bareboat rate of $7.3 per day for the optional periods if declared or on a time charter basis during all optional periods at a time charter rate of $14.3 per day if declared.

Subsequent Events (Details) - $ / shares	1 Months Ended		2 Months Ended
Subsequent Events (Details) - $ / shares	Feb. 10, 2014	Jan. 22, 2014	Feb. 14, 2014
Common Unitholders
Dividend declared		$ 0.2325
Dividend paid			$ 0.2325
Class B Unitholders
Dividend declared		$ 0.21375
Dividend paid	$ 0.21375