2023 Q4 Form 20-F Financial Statement

#000119312524086122 Filed on April 03, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $327.3M $1.307B
YoY Change -11.76% 7.96%
Cost Of Revenue $45.09M $162.9M
YoY Change -31.24% -9.16%
Gross Profit $282.2M $1.144B
YoY Change -7.58% 10.94%
Gross Profit Margin 86.22% 87.53%
Selling, General & Admin $118.9M $478.9M
YoY Change 8.64% 26.3%
% of Gross Profit 42.13% 41.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $55.02M $217.8M
YoY Change -5.13% 7.93%
% of Gross Profit 19.5% 19.04%
Operating Expenses $119.6M $637.6M
YoY Change -25.4% 22.85%
Operating Profit $162.6M $506.3M
YoY Change 12.13% -1.13%
Interest Expense -$29.65M -$122.9M
YoY Change -8.23% 49.5%
% of Operating Profit -18.24% -24.28%
Other Income/Expense, Net $14.44M
YoY Change 2.98%
Pretax Income $132.4M $433.6M
YoY Change 11.95% -25.14%
Income Tax
% Of Pretax Income
Net Earnings $129.7M $425.0M
YoY Change 9.71% -26.63%
Net Earnings / Revenue 39.65% 32.52%
Basic Earnings Per Share
Diluted Earnings Per Share $4.30 $14.08
COMMON SHARES
Basic Shares Outstanding 30.18M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $287.4M $287.4M
YoY Change 64.12% 64.12%
Cash & Equivalents $240.4M $240.4M
Short-Term Investments $47.00M $47.00M
Other Short-Term Assets $70.13M $24.06M
YoY Change -48.17% -82.22%
Inventory $37.57M $37.57M
Prepaid Expenses
Receivables $42.24M $42.24M
Other Receivables $0.00 $8.507M
Total Short-Term Assets $399.7M $399.7M
YoY Change 28.77% 28.77%
LONG-TERM ASSETS
Property, Plant & Equipment $4.006B $4.006B
YoY Change 6.04% 6.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $434.1M $434.1M
YoY Change 98.54% 98.54%
Other Assets $208.0M $208.0M
YoY Change -74.25% -74.25%
Total Long-Term Assets $4.748B $4.748B
YoY Change 3.54% 3.54%
TOTAL ASSETS
Total Short-Term Assets $399.7M $399.7M
Total Long-Term Assets $4.748B $4.748B
Total Assets $5.148B $5.148B
YoY Change 5.14% 5.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.49M
YoY Change -6.01%
Accrued Expenses $53.74M $53.74M
YoY Change 234.87% -3.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $285.0M $285.0M
YoY Change 63.68% -27.12%
Total Short-Term Liabilities $459.6M $459.6M
YoY Change 102.78% 102.78%
LONG-TERM LIABILITIES
Long-Term Debt $1.576B $1.576B
YoY Change -18.97% -18.97%
Other Long-Term Liabilities $341.1M $341.1M
YoY Change -10.39% -10.39%
Total Long-Term Liabilities $1.918B $1.918B
YoY Change -17.57% -17.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $459.6M $459.6M
Total Long-Term Liabilities $1.918B $1.918B
Total Liabilities $2.377B $2.377B
YoY Change -6.88% -6.88%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.770B $2.770B
YoY Change
Total Liabilities & Shareholders Equity $5.148B $5.148B
YoY Change 5.14% 5.14%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $129.7M $425.0M
YoY Change 9.71% -26.63%
Depreciation, Depletion And Amortization $55.02M $217.8M
YoY Change -5.13% 7.93%
Cash From Operating Activities $211.7M $560.3M
YoY Change 51.15% 10.66%
INVESTING ACTIVITIES
Capital Expenditures $99.00M $182.9M
YoY Change 157.63% -57.84%
Acquisitions
YoY Change
Other Investing Activities -$81.62M -$70.12M
YoY Change 574.3% -159.66%
Cash From Investing Activities -$180.6M -$253.0M
YoY Change 257.43% -19.99%
FINANCING ACTIVITIES
Cash Dividend Paid $6.160M
YoY Change -0.05%
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change
Debt Paid & Issued, Net $822.7M
YoY Change 26.21%
Cash From Financing Activities -51.13M -233.2M
YoY Change 106.48% 26.45%
NET CHANGE
Cash From Operating Activities 211.7M 560.3M
Cash From Investing Activities -180.6M -253.0M
Cash From Financing Activities -51.13M -233.2M
Net Change In Cash -20.02M 74.08M
YoY Change -130.91% 1210.63%
FREE CASH FLOW
Cash From Operating Activities $211.7M $560.3M
Capital Expenditures $99.00M $182.9M
Free Cash Flow $112.7M $377.4M
YoY Change 10.9% 420.13%

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401000 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7188000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5349000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3741000 usd
CY2023 nmm Amortization Of Deferred Drydock And Special Survey Costs
AmortizationOfDeferredDrydockAndSpecialSurveyCosts
43321000 usd
CY2022 nmm Amortization Of Deferred Drydock And Special Survey Costs
AmortizationOfDeferredDrydockAndSpecialSurveyCosts
28917000 usd
CY2021 nmm Amortization Of Deferred Drydock And Special Survey Costs
AmortizationOfDeferredDrydockAndSpecialSurveyCosts
16143000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
50248000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
149352000 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
33625000 usd
CY2023 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
-0 usd
CY2022 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
-0 usd
CY2021 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
48015000 usd
CY2023 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-0 usd
CY2022 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-0 usd
CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
80839000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
4000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
154000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
523000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-32793000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
46559000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-344000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7609000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
20952000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-9770000 usd
CY2023 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-1156000 usd
CY2022 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
6158000 usd
CY2021 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
53420000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1629000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
3401000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1260000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
7559000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1719000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7736000 usd
CY2023 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-72725000 usd
CY2022 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-13429000 usd
CY2021 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-14541000 usd
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-8284000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
11492000 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
17743000 usd
CY2023 nmm Payments For Dry Dock Special Survey Costs
PaymentsForDryDockSpecialSurveyCosts
101287000 usd
CY2022 nmm Payments For Dry Dock Special Survey Costs
PaymentsForDryDockSpecialSurveyCosts
65868000 usd
CY2021 nmm Payments For Dry Dock Special Survey Costs
PaymentsForDryDockSpecialSurveyCosts
49786000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
560317000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
506340000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
277173000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
259004000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
284476000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
121080000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
182898000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
433777000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
217032000 usd
CY2023 us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
282121000 usd
CY2022 us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
176802000 usd
CY2021 us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
61848000 usd
CY2023 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 usd
CY2022 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
9862000 usd
CY2021 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
42676000 usd
CY2023 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 usd
CY2022 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 usd
CY2021 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
8872000 usd
CY2023 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
47000000 usd
CY2022 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
-0 usd
CY2021 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
-0 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-253015000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-316241000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-106252000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
6160000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
6163000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
4615000 usd
CY2023 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
0 usd
CY2022 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
0 usd
CY2021 us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
9960000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 usd
CY2022 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 usd
CY2021 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
198495000 usd
CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
609723000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
479735000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
735276000 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
822743000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
651875000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
959154000 usd
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
14045000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6144000 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
12165000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-233225000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-184447000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-32203000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
74077000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5652000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
138718000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
175098000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
169446000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30728000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
249175000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
175098000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
169446000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
144388000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
80626000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
50382000 usd
CY2023 nmm Share Based Compensation I
ShareBasedCompensationI
4000 usd
CY2022 nmm Share Based Compensation I
ShareBasedCompensationI
154000 usd
CY2021 nmm Share Based Compensation I
ShareBasedCompensationI
523000 usd
CY2023 us-gaap Line Of Credit Assumed1
LineOfCreditAssumed1
202373000 usd
CY2022 us-gaap Line Of Credit Assumed1
LineOfCreditAssumed1
756673000 usd
CY2023 nmm Escrow Deposit Disbursements Related To Property Acquisition2
EscrowDepositDisbursementsRelatedToPropertyAcquisition2
-20188000 usd
CY2022 nmm Escrow Deposit Disbursements Related To Property Acquisition2
EscrowDepositDisbursementsRelatedToPropertyAcquisition2
6860000 usd
CY2021 nmm Escrow Deposit Disbursements Related To Property Acquisition2
EscrowDepositDisbursementsRelatedToPropertyAcquisition2
-0 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
249875000 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
782334000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
5766000 usd
CY2020Q4 us-gaap Partners Capital
PartnersCapital
654830000 usd
CY2021 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
0.20
CY2021 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
4615000 usd
CY2021 us-gaap Partners Capital Account Sale Of Units
PartnersCapitalAccountSaleOfUnits
202651000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
523000 usd
CY2021 us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
150000000 usd
CY2021 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
57635000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
511273000 usd
CY2021Q4 us-gaap Partners Capital
PartnersCapital
1769725000 usd
CY2022 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
0.20
CY2022 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
6163000 usd
CY2022 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
154000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
579247000 usd
CY2022Q4 us-gaap Partners Capital
PartnersCapital
2342963000 usd
CY2023 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
0.20
CY2023 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
6160000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
433645000 usd
CY2023Q4 us-gaap Partners Capital
PartnersCapital
2770452000 usd
CY2023 nmm Limited Liability Company Or Limited Partnership Business Formation Date1
LimitedLiabilityCompanyOrLimitedPartnershipBusinessFormationDate1
August 7, 2007
CY2023 nmm Entity Incorporation Country Name
EntityIncorporationCountryName
Republic of the Marshall Islands
CY2023 us-gaap Limited Liability Company Or Limited Partnership Managing Member Or General Partner Name
LimitedLiabilityCompanyOrLimitedPartnershipManagingMemberOrGeneralPartnerName
Olympos Maritime Ltd.
CY2023Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
30184388 shares
CY2023Q4 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
622296 shares
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84E_eus-gaap--UseOfEstimates_zNxqZZlFXnDg" style="font: 11pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0cm; margin-top: 0; margin-right: 0; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>(c)           <span id="xdx_863_zBiE40l8QH0c">Use of Estimates</span>: </i></b>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 the disclosure of contingent assets and liabilities as of the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. On an on-going basis, management evaluates the estimates and judgments, including those related to expected <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">future cash flows from long-lived assets to support impairment tests. Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates under different assumptions and/or conditions.</span></span></p> <p style="font: 11pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0cm; margin-top: 0; margin-right: 0; margin-left: 0"></p> <p style="font: 10pt/103% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Other Investments
OtherInvestments
47000000 usd
CY2022Q4 us-gaap Other Investments
OtherInvestments
0 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2990000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2990000 usd
CY2023 nmm Scrap Value Per Light Weight Ton
ScrapValuePerLightWeightTon
340000 usd
CY2022 nmm Scrap Value Per Light Weight Ton
ScrapValuePerLightWeightTon
340000 usd
CY2023 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
19457000 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
6537000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
966000 usd
CY2023 nmm Amortization Of Deferred Drydock And Special Survey Costs
AmortizationOfDeferredDrydockAndSpecialSurveyCosts
43321000 usd
CY2022 nmm Amortization Of Deferred Drydock And Special Survey Costs
AmortizationOfDeferredDrydockAndSpecialSurveyCosts
28917000 usd
CY2021 nmm Amortization Of Deferred Drydock And Special Survey Costs
AmortizationOfDeferredDrydockAndSpecialSurveyCosts
16143000 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7188000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5349000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3741000 usd
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023 us-gaap Distribution Policy Members Or Limited Partners Description
DistributionPolicyMembersOrLimitedPartnersDescription
As per the partnership agreement, within 45 days following the end of each quarter, to the extent and as may be declared by the Board, an amount equal to 100% of Available Cash (as defined herein) with respect to such quarter shall be distributed to the partners as of the record date selected by the Board of Directors
CY2023 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
6160000 usd
CY2022 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
6163000 usd
CY2021 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
4615000 usd
CY2023 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
224080000 usd
CY2022 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
244589000 usd
CY2021 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
83147000 usd
CY2023 nmm Effective Date Arrangements
EffectiveDateArrangements
2021-03-31
CY2021Q1 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
126710000 usd
CY2021Q1 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
52501000 usd
CY2021Q1 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
20431000 usd
CY2021Q1 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
12462000 usd
CY2021Q1 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
11445000 usd
CY2021Q1 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
941000 usd
CY2021Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
224490000 usd
CY2021Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
224490000 usd
CY2021Q3 nmm Above Market Charters Net
AboveMarketChartersNet
112139000 usd
CY2021Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
6529000 usd
CY2022 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.100 pure
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
240378000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
157814000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
8797000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
17284000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
249175000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
175098000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
42237000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
78020000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
-0 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2990000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
42237000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
75030000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2990000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-0 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
2990000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
-0 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2990000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-0 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2990000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2990000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-0 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2990000 usd
CY2023 us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
Concentration of credit risk with respect to accounts receivable is limited due to the Company's large number of customers, who are internationally dispersed and have a variety of end markets in which they sell. Due to these factors, management believes that no additional credit risk beyond amounts provided for collection losses is inherent in the Company's trade receivables.
CY2023Q4 nmm Prepaid Voyage Costs
PrepaidVoyageCosts
7350000 usd
CY2022Q4 nmm Prepaid Voyage Costs
PrepaidVoyageCosts
8825000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
37566000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
32667000 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
8507000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
12694000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
7913000 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
6110000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
61336000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
60296000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
149352000 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
33625000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
18120000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
14251000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
8215000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
4982000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
4982000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
9881000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
60431000 usd
CY2023 us-gaap Finite Lived Intangible Assets Amortization Method
FiniteLivedIntangibleAssetsAmortizationMethod
straight line
CY2023 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P4Y10M24D
CY2023 nmm Scheduleof Finite Lived Intangible Liabilities Future Amortization Expense Table Text Block1
ScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseTableTextBlock1
<p id="xdx_890_ecustom--ScheduleofFiniteLivedIntangibleLiabilitiesFutureAmortizationExpenseTableTextBlock1_znQwd7HpbxVg" style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="display: none"><span id="xdx_8B5_zyuN7dB73yl4">Intangible Assets And Liabilities - Aggregate Amortizations of Intangible Liabilities</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"><p style="border-bottom: Black 0.5pt solid; font: 8pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year</b></span></p></td> <td> </td> <td colspan="2" id="xdx_493_20231231_zCAvYRXhNMDb" style="border-bottom: Black 0.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Amount</b></span></td> </tr> <tr id="xdx_406_eus-gaap--BelowMarketLeaseAmortizationIncomeNextRollingTwelveMonths_iI_pn3n3_maBMLNz3KU_zeB2bqFfo1Vj" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt; width: 88%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</span></td> <td style="width: 1%"> </td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: right; width: 10%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">12,718</span></td> </tr> <tr id="xdx_40F_eus-gaap--BelowMarketLeaseAmortizationIncomeRollingYearTwo_iI_pn3n3_maBMLNz3KU_z4owk12JezH7"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</span></td> <td> </td> <td style="white-space: nowrap; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11,680</span></td> </tr> <tr id="xdx_40C_eus-gaap--BelowMarketLeaseAmortizationIncomeRollingYearThree_iI_pn3n3_maBMLNz3KU_zPobZgXXJ1h9" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2026</span></td> <td> </td> <td style="white-space: nowrap; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,586</span></td> </tr> <tr id="xdx_409_eus-gaap--BelowMarketLeaseAmortizationIncomeRollingYearFour_iI_pn3n3_d0_maBMLNz3KU_z4meJOxk3Rbi"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2027</span></td> <td> </td> <td style="white-space: nowrap; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">—</span></td> </tr> <tr id="xdx_405_eus-gaap--BelowMarketLeaseAmortizationIncomeRollingYearFive_iI_pn3n3_d0_maBMLNz3KU_zgWqHN8Kxfyc" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2028</span></td> <td> </td> <td style="white-space: nowrap; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>—</b></span></td> </tr> <tr id="xdx_400_eus-gaap--BelowMarketLeaseAmortizationIncomeRollingAfterYearFive_iI_pn3n3_d0_maBMLNz3KU_zPWW1JCmjCH2"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2029 and thereafter</span></td> <td> </td> <td style="white-space: nowrap; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">—</span></td> </tr> <tr id="xdx_404_eus-gaap--BelowMarketLeaseNet_iTI_pn3n3_mtBMLNz3KU_zrSc5ospJQS5" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total</b></span></td> <td> </td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; vertical-align: bottom; white-space: nowrap; padding-bottom: 1pt; font-size: 12pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>$</b></span></td> <td style="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; vertical-align: bottom; white-space: nowrap; padding-bottom: 1pt; font-size: 12pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>27,984</b></span></td> </tr> </table>
CY2023Q4 us-gaap Below Market Lease Amortization Income Next Rolling Twelve Months
BelowMarketLeaseAmortizationIncomeNextRollingTwelveMonths
12718000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Rolling Year Two
BelowMarketLeaseAmortizationIncomeRollingYearTwo
11680000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Rolling Year Three
BelowMarketLeaseAmortizationIncomeRollingYearThree
3586000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Rolling Year Four
BelowMarketLeaseAmortizationIncomeRollingYearFour
0 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Rolling Year Five
BelowMarketLeaseAmortizationIncomeRollingYearFive
0 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Rolling After Year Five
BelowMarketLeaseAmortizationIncomeRollingAfterYearFive
0 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
27984000 usd
CY2023 nmm Finite Lived Intangible Liabilities Amortization Method
FiniteLivedIntangibleLiabilitiesAmortizationMethod
straight line
CY2023 nmm Acquired Finite Lived Intangible Liabilities Weighted Average Useful Lif Unfavorable Lease
AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLifUnfavorableLease
P2Y3M18D
CY2023Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
17097000 usd
CY2022Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
16758000 usd
CY2023Q4 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
6918000 usd
CY2022Q4 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
8598000 usd
CY2023Q4 nmm Professional Legal Fees Payable
ProfessionalLegalFeesPayable
1473000 usd
CY2022Q4 nmm Professional Legal Fees Payable
ProfessionalLegalFeesPayable
1761000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
25488000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
27117000 usd
CY2023Q4 nmm Accrued Voyage Expenses
AccruedVoyageExpenses
10641000 usd
CY2022Q4 nmm Accrued Voyage Expenses
AccruedVoyageExpenses
5742000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
7420000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
8297000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
5547000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2010000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
23608000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
16049000 usd
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
908288000 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
874038000 usd
CY2023Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
502275000 usd
CY2022Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
695934000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
468414000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
389007000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1878977000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1958979000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
285036000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
391095000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
17514000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
13532000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1576427000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1554352000 usd
CY2023 nmm Debt Disclosure Text Block2
DebtDisclosureTextBlock2
<p id="xdx_801_ecustom--DebtDisclosureTextBlock2_zwo7mdQcWG2g" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_825_zUosRr74BK17" style="display: none">Borrowings - Credit Facilities (Narrative II)</span> </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>BNP PARIBAS: </b>On <span id="xdx_90B_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--BNP40MCreditFacilityMember_zHZPXr3uYTpg">April 28, 2021</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Partners entered into a credit facility with BNP PARIBAS for a total amount of $<span id="xdx_908_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210510__us-gaap--LongtermDebtTypeAxis__custom--BNP40MCreditFacilityMember_zAfjUT6yr1s5">40,000 </span></span><span id="xdx_906_eus-gaap--LongTermDebtDescription_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--BNP40MCreditFacilityMember_zaQY0DnkpDY6" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">to refinance the existing credit facility dated June 26, 2017, as amended on April 9, 2019 and to finance the acquisition of two 2012 built 2,782 TEU containerships.</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 10, 2021, the full amount of the credit facility was drawn. The facility was scheduled to mature in the <span id="xdx_901_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--BNP40MCreditFacilityMember_zRxRFmVdqGhj">second quarter of 2025</span> and bore interest at <span id="xdx_90C_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--BNP40MCreditFacilityMember_zSDNUxqXMlg1">LIBOR</span> plus <span id="xdx_90D_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--BNP40MCreditFacilityMember_zrgKuDlhUtt7">285</span> bps per annum. On February 2, 2023, following the sale of one 2007-built Panamax vessel of 75,527 dwt, the amount of $<span id="xdx_90F_ecustom--PrepaymentsOfDebt_pn3n3_c20230101__20230202__us-gaap--LongtermDebtTypeAxis__custom--BNP40MCreditFacilityMember_zYDQOgTZGMqe">6,363 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was prepaid. On April 26, 2023, following the sale of one 2007-built Panamax vessel of 75,511 dwt, the amount of $<span id="xdx_900_ecustom--PrepaymentsOfDebt_pn3n3_c20230101__20230426__us-gaap--LongtermDebtTypeAxis__custom--BNP40MCreditFacilityMember_zBfo2SUtyLSc">6,441 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was prepaid. On June 16, 2023, the outstanding balance of $<span id="xdx_908_eus-gaap--RepaymentsOfDebt_pn3n3_c20230101__20230616__us-gaap--LongtermDebtTypeAxis__custom--BNP40MCreditFacilityMember_ztiMDU0UNLj9">16,651</span> </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was repaid and refinanced.</span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify">On June 12, 2023, Navios Partners entered into a credit facility with BNP Paribas of up to $<span id="xdx_903_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20230612__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasSMember_zIcfLpu6WvK1">40,000 </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in order <span id="xdx_90E_ecustom--CreditFacilityDescriptionOfScope_c20230101__20230612__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasSMember_zyCVQ7V91k7">to refinance the existing indebtedness of nine of its containerships</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. On June 16, 2023, the full amount was drawn. As of December 31, 2023, the total outstanding balance was $<span id="xdx_907_eus-gaap--LineOfCredit_iI_pn3n3_c20231231__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasSMember_zYFogIJkQnq1">35,834</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The facility matures in the <span id="xdx_90E_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20230612__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasSMember_zM9F58QCc43d">second quarter of 2026</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and bears interest at <span id="xdx_909_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20230612__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasSMember_zoW3i7sN0uz8">Compounded SOFR </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus <span id="xdx_90B_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20230612__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasSMember_z1rfURb6m1Ej">250 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bps per annum.</span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify">On June 21, 2023, Navios Partners entered into a credit facility with BNP Paribas, Credit Agricole Corporate and Investment Bank and First-Citizens Bank &amp; Trust Company of up to $<span id="xdx_90D_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20230621__us-gaap--LongtermDebtTypeAxis__custom--June2023CreditFacilityMember_zb8XioNlE5ie">107,600 </span>in order <span id="xdx_90E_ecustom--CreditFacilityDescriptionOfScope_c20230101__20230621__us-gaap--LongtermDebtTypeAxis__custom--June2023CreditFacilityMember_zL0rGjo3bYv4">to refinance the existing indebtedness of ten of its vessels and for general corporate purposes. On June 26, 2023, the full amount was drawn. As of December 31, 2023, the total outstanding balance was $</span><span id="xdx_90A_eus-gaap--LineOfCredit_iI_pn3n3_c20231231__us-gaap--LongtermDebtTypeAxis__custom--June2023CreditFacilityMember_zLp0qb4bdCHg">93,600</span>. The facility matures in the <span id="xdx_90C_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20230621__us-gaap--LongtermDebtTypeAxis__custom--June2023CreditFacilityMember_zltwB2exBvqd">second quarter of 2026</span> and bears interest at <span id="xdx_90D_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20230621__us-gaap--LongtermDebtTypeAxis__custom--June2023CreditFacilityMember_zcijcDs9lmed">Compounded SOFR </span>plus <span id="xdx_904_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20230621__us-gaap--LongtermDebtTypeAxis__custom--June2023CreditFacilityMember_zztRAZOc9j7a">250 </span>bps per annum.<span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NATIONAL BANK OF GREECE S.A: </b>On <span id="xdx_905_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--NBGCreditFacilityMember_zFcpq1oUHKI">June 17, 2021</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Partners entered into a credit facility with National Bank of Greece for a total amount of up to $<span id="xdx_909_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210618__us-gaap--LongtermDebtTypeAxis__custom--NBGCreditFacilityMember_zOyWXH3SRxVk">43,000</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, in order <span id="xdx_908_eus-gaap--LongTermDebtDescription_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--NBGCreditFacilityMember_z5tTanw21zKh">to refinance the existing credit facilities of six dry bulk vessels</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. On June 18, 2021, the full amount was drawn. In August 2021, following the sale of one 2005-built Panamax vessel of 74,759 dwt, the amount of $<span id="xdx_909_ecustom--PrepaymentsOfDebt_pn3n3_c20210101__20210831__us-gaap--LongtermDebtTypeAxis__custom--NBGCreditFacilityMember_zf8wntDhkWQf">6,019</span> </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was prepaid. In May 2023, following the sale of one 2004-built Panamax vessel of 75,798 dwt and one 2011-built Ultra-Handymax vessel of 56,644 dwt, the amount of $<span id="xdx_909_ecustom--PrepaymentsOfDebt_pn3n3_c20230101__20230531__us-gaap--LongtermDebtTypeAxis__custom--NBGCreditFacilityMember_zkd4m2VVs7x">9,517</span> </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was prepaid. In June 2023, the outstanding balance of $<span id="xdx_905_ecustom--PrepaymentsOfDebt_pn3n3_c20230101__20230630__us-gaap--LongtermDebtTypeAxis__custom--NBGCreditFacilityMember_zmWD4sys0rA8">19,079 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was prepaid and refinanced.</span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 20, 2023, Navios Partners entered into a credit facility with National Bank of Greece S.A of up to $<span id="xdx_90B_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20230620__us-gaap--LongtermDebtTypeAxis__custom--NBGCreditFacilitySMember_zrLuL774zKo5">77,822 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in order <span id="xdx_906_ecustom--CreditFacilityDescriptionOfScope_c20230101__20230620__us-gaap--LongtermDebtTypeAxis__custom--NBGCreditFacilitySMember_zP36gLn9lpGe">to refinance the existing indebtedness of ten of its vessels and for general corporate purposes</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. In June 2023, the full amount was drawn. As of December 31, 2023, the total outstanding balance was $<span id="xdx_909_eus-gaap--LineOfCredit_iI_pn3n3_c20231231__us-gaap--LongtermDebtTypeAxis__custom--NBGCreditFacilitySMember_zuOGtDFG99jl">72,822</span>. The facility matures in the </span><span id="xdx_906_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20230620__us-gaap--LongtermDebtTypeAxis__custom--NBGCreditFacilitySMember_z6Q3bn5oeWia" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">second quarter of 2028</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and bears interest at Term <span id="xdx_905_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20230620__us-gaap--LongtermDebtTypeAxis__custom--NBGCreditFacilitySMember_zYqoyIabQ2G7">SOFR </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(with option to switch to Compounded SOFR) plus <span id="xdx_90B_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20230620__us-gaap--LongtermDebtTypeAxis__custom--NBGCreditFacilitySMember_z0PPb4nAaQY3">215 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bps per annum.</span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK:</b> On <span id="xdx_90A_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zJdplZk73pT9">July 4, 2019</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Partners entered into a credit facility with Credit Agricole Corporate and Investment Bank (“CACIB”) of up to $52,800 </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(divided into <span id="xdx_90B_ecustom--NumberOfLoanTranches_iI_dc_uPure_c20231231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zLoG2YlPUXbh">four </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">tranches) in order <span id="xdx_900_eus-gaap--LongTermDebtDescription_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zLs0wBFOJTs7">to refinance three Capesize vessels and one Panamax vessel, previously included in the Term Loan B collateral package</span>. In August 2019, the three tranches of the credit facility of $<span id="xdx_900_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190831__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember__srt--StatementScenarioAxis__custom--ThreeLoanTranchesMember_zdfKd7DYe5g4">36,516</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, in total were drawn. In October 2019, the fourth tranche of the credit facility of $<span id="xdx_90A_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20191031__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember__srt--StatementScenarioAxis__custom--FourthLoanTrancheMember_zPF3TrKkHkpe">16,284 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was drawn. On August 23, 2021, Navios Partners prepaid $<span id="xdx_90D_ecustom--PrepaymentsOfDebt_pn3n3_c20210101__20210823__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zxPsleYfiq5d">11,404 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">of the credit facility and released <span id="xdx_901_ecustom--NumberOfVesselsReleasedAsCollateral_iI_dc_uPure_c20231231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zEjqy9TQtpz5">one </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel from the collateral package of the credit facility. The Company entered into a sale and leaseback agreement of $15,000 </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">for the released vessel (see also Financial Liabilities below). The facility was scheduled to mature in the <span id="xdx_903_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zXAOc0tLHH17">second quarter of 2025</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and bore interest at <span id="xdx_908_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zgyAs8AK8MCj">LIBOR </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus <span id="xdx_906_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_zc7OsPH0yJyg">275 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bps per annum. On June 30, 2023, the outstanding balance of $<span id="xdx_907_eus-gaap--RepaymentsOfDebt_pn3n3_c20230101__20230630__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityMember_z3EGAX3O1mR9">21,896 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was repaid and refinanced.</span> </p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify">On <span id="xdx_900_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--CACIB58MCreditFacilityMember_z8n7V0EJMQQ8">March 23, 2021</span>, Navios Partners entered into a credit facility with CACIB of $<span id="xdx_905_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210330__us-gaap--LongtermDebtTypeAxis__custom--CACIB58MCreditFacilityMember_zN6avpLfXjF9">58,000 </span>in order <span id="xdx_90F_eus-gaap--LongTermDebtDescription_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--CACIB58MCreditFacilityMember_zAyGOkJ2vIs9">to refinance the CACIB credit facility dated September 28, 2020 and to partially finance the acquisition of the Navios Centaurus and the Navios Avior</span>. On March 30, 2021, the full amount was drawn. The credit facility was scheduled to mature in the <span id="xdx_908_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--CACIB58MCreditFacilityMember_z0BZfGMoK125">first quarter of 2026</span> and bore interest at <span id="xdx_902_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--CACIB58MCreditFacilityMember_zbo9SH6imik7">LIBOR </span>plus <span id="xdx_900_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--CACIB58MCreditFacilityMember_zoitmRpP2wGc">300 </span>bps per annum. On June 30, 2023, the outstanding balance of $<span id="xdx_90F_eus-gaap--RepaymentsOfDebt_pn3n3_c20230101__20230630__us-gaap--LongtermDebtTypeAxis__custom--CACIB58MCreditFacilityMember_zPhgGWydi3S2">44,400 </span>was repaid and refinanced.</p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"> </p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify">On June 28, 2023, Navios Partners entered into a credit facility with Credit Agricole Corporate and Investment Bank of up to $<span id="xdx_90F_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20230628__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityBMember_z5fEg8vGbyNj">62,400 </span>in order <span id="xdx_900_ecustom--CreditFacilityDescriptionOfScope_c20230101__20230628__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityBMember_z38wr1rUYdve">to refinance existing indebtedness of seven of its dry bulk vessels</span>. On June 30, 2023, the full amount was drawn. As of December 31, 2023, the total outstanding balance was $<span id="xdx_903_eus-gaap--LineOfCredit_iI_pn3n3_c20231231__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityBMember_zvopL34sqadk">56,900</span>. The facility matures in the <span id="xdx_908_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20230628__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityBMember_zw5fRN7NXNqc">second quarter of 2026</span> and bears interest at Term <span id="xdx_908_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20230628__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityBMember_z5C0qewJj2c4">SOFR </span>plus <span id="xdx_901_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20230628__us-gaap--LongtermDebtTypeAxis__custom--CreditAgricoleCorporateAndInvestmentBankCreditFacilityBMember_ztCs3P2uL9fi">250 </span>bps per annum.</p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"> </p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>ABN Amro Bank N.V: </b></span>On <span id="xdx_909_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--ABN55000CreditFacilityMember_zBLhJIresDOd">March 28, 2022</span>, Navios Partners entered into a credit facility with ABN Amro Bank N.V. (“ABN”) of up to $<span id="xdx_907_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20220101__20220331__us-gaap--LongtermDebtTypeAxis__custom--ABN55000CreditFacilityMember_zCCAGjY10Tpk">55,000 </span>in order <span id="xdx_90E_eus-gaap--LongTermDebtDescription_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--ABN55000CreditFacilityMember_z96VgPqieue">to refinance the existing indebtedness of three of its vessels and for general corporate purposes</span>. On March 31, 2022, the full amount was drawn. As of December 31, 2023, the total outstanding balance was $<span id="xdx_906_eus-gaap--LineOfCredit_iI_pn3n3_c20231231__us-gaap--LongtermDebtTypeAxis__custom--ABN55000CreditFacilityMember_zimLkHFAaQwg">43,100</span>. The facility matures in the <span id="xdx_908_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--ABN55000CreditFacilityMember_zgJ285utva1e">first quarter of 2027</span> and bears interest at <span id="xdx_90A_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--ABN55000CreditFacilityMember_z2H0LF13nqUc">Compounded SOFR </span>plus <span id="xdx_905_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--ABN55000CreditFacilityMember_z9J3bHhmA7C9">225 </span>bps per annum.</p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> Upon completion of the NMCI Merger, Navios Partners assumed the following credit facilities:</span></p> <p style="font: 10pt/7.5pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/103% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>BNP Paribas: </b>On <span id="xdx_90B_eus-gaap--LineOfCreditFacilityInitiationDate1_dd_c20230101__20231231__srt--StatementScenarioAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasMember_z91ButD5Yjg9">June 26, 2019</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Containers entered into a facility agreement with BNP Paribas for an amount of up to $54,000 </span><span id="xdx_900_eus-gaap--LongTermDebtDescription_c20230101__20231231__srt--StatementScenarioAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasMember_ziTTpbdDOXm5" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">to refinance the existing facilities of seven containerships</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. On June 27, 2019, Navios Containers drew $<span id="xdx_905_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190627__srt--StatementScenarioAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasMember_zEKndxCRWUB3">48,750 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">net of loan’s discount of $<span id="xdx_906_ecustom--LineOfCreditDiscount_iI_pn3n3_c20190627__srt--StatementScenarioAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasMember_zWaeUbhxwsc9">405</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The loan bore interest at a rate of <span id="xdx_903_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__srt--StatementScenarioAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasMember_zCz6HIBS2mr6">LIBOR </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus <span id="xdx_90E_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__srt--StatementScenarioAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasMember_zvaNbR7hEHNi">300 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bps and was scheduled to mature in the <span id="xdx_90A_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__srt--StatementScenarioAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasMember_zt3214WbRPR4">second quarter</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">of 2024. In June 2023, the outstanding balance of $<span id="xdx_905_ecustom--PrepaymentsOfDebt_pn3n3_c20230101__20230630__srt--StatementScenarioAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasMember_zCT2XXYq8tF4">22,005 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was prepaid and refinanced.</span></p> <p style="font: 10pt/7.05pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 11pt/7.5pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon acquisition of the majority of outstanding stock of Navios Acquisition, Navios Partners assumed the following credit facilities:</span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>BNP Paribas S.A.:</b> In <span id="xdx_905_ecustom--LineOfCreditFacilityInitiationDate2_dd_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasIIMember_z11MjEG1WCrd">August 2021</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Acquisition, entered into a loan facility agreement of up to $<span id="xdx_900_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasIIMember_z41X6we4T5Hi">96,000 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">with BNP Paribas, in order <span id="xdx_904_eus-gaap--LongTermDebtDescription_c20230101__20231231__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasIIMember__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember_zfyGJsWGtHrl">to partially refinance the existing indebtedness of five tanker vessels</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Pursuant to an amendment in December 2021, <span id="xdx_907_ecustom--DebtSecuritiesCovenants_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasIIMember_zSYgVFoByuXi">one container vessel</span> was added as collatera</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">l. The facility was scheduled to mature in the <span id="xdx_90D_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasIIMember_zw37kQEtegO2">third quarter of 2025</span> and bore interest at <span id="xdx_904_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasIIMember_ztCg4Pg314vg">LIBOR</span> plus <span id="xdx_901_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasIIMember_zpJGWoMR22O1">285</span> bps per annum. In January 2023, following the sale of one 2009-built MR1 Product Tanker vessel of 37,836 dwt, the amount of $<span id="xdx_901_ecustom--PrepaymentsOfDebt_pn3n3_c20230101__20230131__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasIIMember__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember_zpgydryyAt0d">5,685 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was prepaid. In February 2023, following the sale of one 2008-built VLCC vessel of 297,395 dwt, the amount of $<span id="xdx_908_ecustom--PrepaymentsOfDebt_pn3n3_c20230101__20230228__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasIIMember_zsnnaEmTSezj">16,618 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was prepaid. In June 2023, the outstanding balance of $<span id="xdx_907_ecustom--PrepaymentsOfDebt_pn3n3_c20230101__20230630__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasIIMember__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember_zKhYXTU6cMAb">42,196</span> </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was prepaid and refinanced.</span></p> <p style="font: 10pt/6.6pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Hamburg Commercial Bank AG: </b>In <span id="xdx_90D_ecustom--LineOfCreditFacilityInitiationDate2_dd_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--HCOBAlphaBankNBGMember_zvnj6p7JxGm1">August 2021</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, as amended on November 10, 2021 and December 07, 2021, Navios Acquisition entered into a loan agreement with HCOB, Alpha Bank S.A. and National Bank of Greece, of $<span id="xdx_907_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20211207__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--HCOBAlphaBankNBGMember_zR6KMJp6Epv9">190,216 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in order <span id="xdx_907_eus-gaap--LongTermDebtDescription_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--HCOBAlphaBankNBGMember_zIplE92Qfxqc">to partially refinance the existing indebtedness of seven tanker vessels</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Pursuant to an amendment in December 2021, <span id="xdx_905_ecustom--DebtSecuritiesCovenants_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--HCOBAlphaBankNBGMember_zkz6RLEjd9G1">two container vessels were added as collaterals</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. In January 2023, following the sale of one 2011-built Chemical Tanker vessel of 25,145 dwt and one 2010-built Chemical Tanker vessel of 25,130 dwt, the amount of $<span id="xdx_904_ecustom--PrepaymentsOfDebt_pn3n3_c20230101__20230131__us-gaap--LongtermDebtTypeAxis__custom--HCOBAlphaBankNBGMember__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember_zJf9qKtt6802">11,440 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was prepaid. As of December 31, 2023, the remaining outstanding balance of the credit facility was $<span id="xdx_906_eus-gaap--LineOfCredit_iI_pn3n3_c20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--HCOBAlphaBankNBGMember_zJla5Kersm3j">114,875</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The facility matures in the <span id="xdx_90B_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--HCOBAlphaBankNBGMember_zg9qOg9Y33Vh">second quarter of 2025</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Pursuant to the amendment dated July 24, 2023 the facility bears interest at <span id="xdx_902_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--HCOBAlphaBankNBGMember_znGGLbw5XiQ6">Compounded SOFR plus margin ranging from 290 to 350 bps per annum</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, based on the loan to value ration as defined in the loan agreement.</span></p> <p style="font: 10pt/7.2pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Eurobank S.A: </b>In <span id="xdx_90F_ecustom--LineOfCreditFacilityInitiationDate2_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--EurobankS.A.20.8MillionMember_zINg2a63ZAh7">June 2020</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Acquisition entered into a loan agreement with Eurobank S.A. of $<span id="xdx_904_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20200630__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--EurobankS.A.20.8MillionMember_zaEWfLqfnFS9">20,800 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in order <span id="xdx_908_eus-gaap--LongTermDebtDescription_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--EurobankS.A.20.8MillionMember_z0ANbOn2JfGc">to refinance two LR1s</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The facility was scheduled to mature in the <span id="xdx_90E_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--EurobankS.A.20.8MillionMember_zCKHdJerLKyh">second quarter of 2024</span> and bore interest at <span id="xdx_90C_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--LongtermDebtTypeAxis__custom--EurobankS.A.20.8MillionMember_zYeMbjX87Vk7">LIBOR plus 300 bps per annum</span>. In April 2023 following the sale of one 2008-built LR1 product tanker vessel of 63,495 dwt, the amount of $<span id="xdx_909_ecustom--PrepaymentsOfDebt_pn3n3_c20230101__20230430__us-gaap--LongtermDebtTypeAxis__custom--EurobankS.A.20.8MillionMember__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember_zf3oAryIUZW8">6,000</span> was repaid. In July 2023, following the sale of one 2008-built LR1 product tanker vessel of 63,599 dwt the outstanding balance of $<span id="xdx_909_ecustom--PrepaymentsOfDebt_pn3n3_c20230101__20230731__us-gaap--LongtermDebtTypeAxis__custom--BNPParibasIIMember__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosAcquisitionMember_zudcf5RvQvSf">5,600</span> was prepaid.</span></p> <p style="font: 10pt/7.3pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following the acquisition of 36-vessel drybulk fleet from Navios Holdings, Navios Partners assumed the following credit facilities:</span></p> <p style="font: 10pt/8.1pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/7.2pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Credit Agricole Corporate and Investment Bank:</b> In <span id="xdx_901_ecustom--LineOfCreditFacilityInitiationDate2_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--LongtermDebtTypeAxis__custom--CACIBBNPParibas105000Member_zKWwnDAuqH0a">December 2021</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Holdings entered into a loan agreement with Credit Agricole Corporate and Investment Bank and BNP Paribas for an amount of $<span id="xdx_904_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20220101__20220105__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--LongtermDebtTypeAxis__custom--CACIBBNPParibas105000Member_zF0iZKfp8Xi5">105,000</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, <span id="xdx_90D_eus-gaap--LongTermDebtDescription_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--LongtermDebtTypeAxis__custom--CACIBBNPParibas105000Member_zQsYBf3kUdXc">for the refinancing of seven of its vessels</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. On January 5, 2022, the amount under this facility was fully drawn. In October 2022, the amount of $<span id="xdx_909_eus-gaap--RepaymentsOfDebt_pn3n3_c20220101__20221031__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--LongtermDebtTypeAxis__custom--CACIBBNPParibas105000Member_zqNPL01YaL1c">10,260 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was repaid following the sale of one 2007-built Ultra-Handymax vessel. The facility was scheduled to mature in the <span id="xdx_90C_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--LongtermDebtTypeAxis__custom--CACIBBNPParibas105000Member_zo7XYj20L196">fourth quarter of 2024</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and bore interest at <span id="xdx_908_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--LongtermDebtTypeAxis__custom--CACIBBNPParibas105000Member_zf5gmjKIAPDk"> LIBOR </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus <span id="xdx_908_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--LongtermDebtTypeAxis__custom--CACIBBNPParibas105000Member_z2Aow6TkJba9">285 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bps per annum. In June 2023, the outstanding balance of $<span id="xdx_905_ecustom--PrepaymentsOfDebt_pn3n3_c20230101__20230630__us-gaap--LongtermDebtTypeAxis__custom--CACIBBNPParibas105000Member__srt--StatementScenarioAxis__custom--UponAcquisitionOfNaviosHoldingsMember_zsXJ2C7VnTMb">65,340</span> was prepaid and refinanced.</span></p>
CY2023 nmm Debt Disclosure Text Block3
DebtDisclosureTextBlock3
<p id="xdx_808_ecustom--DebtDisclosureTextBlock3_zZlwa8IEyoLc" style="font: 10pt/7.85pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_822_zJJWyfyOL7y4" style="display: none">Borrowings - Financial Liabilities (Narrative I)</span></span></p> <p style="font: 10pt/7.85pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/7.85pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Financial Liabilities</b></span></p> <p style="font: 10pt/9.75pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In <span id="xdx_903_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFantastiksandNaviosBeaufiksMember_zXqkBJ6bwDyf">December 2018</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, the Company entered into two sale and leaseback agreements of $<span id="xdx_90C_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFantastiksandNaviosBeaufiksMember_zC3isPw47j2">25,000 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in total, with unrelated third parties for the Navios Fantastiks and the Navios Beaufiks. Navios Partners has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback agreements as a financial liability. In October 2023, following the sale of the Navios Beaufiks a purchase obligation of $<span id="xdx_901_eus-gaap--PurchaseObligation_iI_pn3n3_c20231031__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosBeaufiksaMember_zK74fLqY9ypj">6,528 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was prepaid and the respective sale and leaseback agreement was terminated. The sale and leaseback agreement of the Navios Fantastiks matures in the <span id="xdx_90B_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFantastikssMember_zkkEaFl7gIU4">third quarter of 2024</span>. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement of the Navios Fantastiks was $</span><span id="xdx_90F_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFantastikssMember_zntydJk5Mgmk" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,239</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_908_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_z18WfXvGfxG5">April 5, 2019</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, the Company entered into a sale and leaseback agreement of $<span id="xdx_904_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_zdkisMgKj2w7">20,000</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, with unrelated third parties for the Navios Sol, a <span id="xdx_90E_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember_zakT5sGzXpCh">2009</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_907_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_zBRRxjZYTlVa">Capesize </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_90D_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_zj9uk2V2bxAi">180,274 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On April 11, 2019, the amount of $<span id="xdx_90C_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190411__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_zMjl6hNFgD9g">20,000 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was drawn. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement of the Navios Sol was $<span id="xdx_90E_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_ztGH66dPA6q2">14,334</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The agreement matures in the <span id="xdx_90F_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSolMember_zIY27Za1qK23">second quarter of 2029</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_90C_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember_z89h0nHQjLr1">July 2, 2019</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, the Company entered into a sale and leaseback agreement of $<span id="xdx_90E_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember_zjquxD4in0Kc">22,000</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, with unrelated third parties for the Navios Ace, a <span id="xdx_90C_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember_zLQg3jMWgVs2">2011</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_909_ecustom--VesselType_c20230101__20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember_ztorTpbQfHf5">Capesize </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_90E_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember_zpsrf0j6pVT5">179,016 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On July 24, 2019, the amount of $<span id="xdx_903_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20190101__20190724__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember_zRUWc2aOwQ76">22,000 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was drawn. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement of the Navios Ace was $<span id="xdx_90C_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember_zYEqqXhoR3Ca">16,505</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The agreement matures in the <span id="xdx_902_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAceMember_z5Eu4wSpYE3l">third quarter of 2030</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. </span></p> <p style="font: 11pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In <span id="xdx_903_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosBonavisAMember_zCIxpu9FWayl">June 2021</span>, the Company entered into a sale and leaseback agreement of $<span id="xdx_906_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosBonavisAMember_zfJq3RkXDiQl">15,000</span>, with unrelated third parties for the Navios Bonavis, a <span id="xdx_90F_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosBonavisAMember_zIYcjhRtgzs6">2009</span>- built <span id="xdx_900_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosBonavisAMember_zwqKMzUkriwl">Capesize</span> vessel of <span id="xdx_907_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosBonavisAMember_zAyaBwcKGwsd">180,022</span> dwt. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On June 28, 2021, the amount of $<span id="xdx_90F_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210628__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosBonavisAMember_z4DqrZdhvbE3">15,000</span> was drawn. The agreement matures in the <span id="xdx_902_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosBonavisAMember_z12mWh3fKlR4">second quarter of 2027</span>. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement of the Navios Bonavis was $<span id="xdx_90E_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosBonavisAMember_z1d2AG4X0eIc">10,999</span>.</span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In <span id="xdx_908_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosRayAMember_z7gHcVbfO745">June 2021</span>, the Company entered into a sale and leaseback agreement of $<span id="xdx_903_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosRayAMember_zeUl1gdrXYEa">18,500</span>, with unrelated third parties for the Navios Ray, a <span id="xdx_905_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosRayAMember_zvBBzh5FFa4c">2012</span>-built <span id="xdx_905_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosRayAMember_ztfu1QrViFHk">Capesize</span> vessel of <span id="xdx_90D_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosRayAMember_zxGcR1GpRicf">179,515</span> dwt. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On June 28, 2021, the amount of $<span id="xdx_90E_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210628__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosRayAMember_zLKN4avDcySf">18,500</span> was drawn. The agreement matures in the <span id="xdx_908_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosRayAMember_z2HXyqO4GeWb">second quarter of 2030</span>. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement of the Navios Ray was $<span id="xdx_908_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosRayAMember_zQxy7wsAZYy8">15,148</span>.</span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_903_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPolluxMember_zbH6elICEth7">August 16, 2021</span>, the Company entered into a sale and leaseback agreement of $<span id="xdx_90E_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPolluxMember_zoRxbQREj6k8">15,000</span> with an unrelated third party for the Navios Pollux, a <span id="xdx_90B_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPolluxMember_zSVCSHsXO4mh">2009</span>-built <span id="xdx_90E_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPolluxMember_z5dP3Gc872ee">Capesize</span> vessel of <span id="xdx_90B_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPolluxMember_z3faO1g789tf">180,727</span> dwt. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On August 25, 2021, the amount of $<span id="xdx_904_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20210101__20210825__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPolluxMember_zM4vEHtUjpib">15,000</span> was drawn. The agreement matures in the <span id="xdx_908_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPolluxMember_zeKhZnz0FPC">third quarter of 2027</span>. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement of the Navios Pollux was $<span id="xdx_902_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPolluxMember_z59MjjTZKha1">11,277</span>.</span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant to a novation agreement dated <span id="xdx_90F_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPrimaveraAMember_z2fnaAz8NWL1">December 20, 2021</span>, the Company agreed to novate the shipbuilding contract and to simultaneously enter into a bareboat charter agreement to bareboat charter-in a newbuilding <span id="xdx_909_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPrimaveraAMember_zMa4oy1KsrRk">Kamsarmax </span>vessel of <span id="xdx_907_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPrimaveraAMember_z18Krm8wWBmb">82,003 </span>dwt, under a ten-year bareboat contract, from an unrelated third party, the Navios Primavera. The Company-lessee has performed an assessment based on provisions of ASC 842 and concluded that it controls the underlying asset that is under construction before the commencement date of the lease and as such, a sale and leaseback of the asset occurs at the commencement date of the lease (upon the completion of construction). In <span id="xdx_905_ecustom--DateDelivery_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPrimaveraAMember_zYIctafyAMza">July 2022</span>, Navios Partners took delivery of the Navios Primavera, and entered into sale and leaseback agreement with an unrelated third party for $<span id="xdx_906_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPrimaveraAMember_zWGloDrygLN7">25,264</span>. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. The agreement matures in the <span id="xdx_903_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPrimaveraAMember_zX3BJtx08ysb">third quarter of 2032</span>. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $<span id="xdx_903_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosPrimaveraAMember_zysoNpyYlnbj">23,318</span>. </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify">In <span id="xdx_906_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwelveContainershipsMember_zusLM1I1k5X3">October 2022</span>, Navios Partners completed a $<span id="xdx_90D_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwelveContainershipsMember_zwRUQ7ys8FC6">100,000 </span>sale and leaseback transaction with unrelated third parties to refinance the existing sale and leaseback transaction of twelve containerships. Navios Partners has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, Navios Partners did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback transaction as a financial liability. Navios Partners drew the entire amount on <span id="xdx_906_ecustom--DrawnDownDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwelveContainershipsMember_znp86D6bWJec">October 31, 2022</span>, net of discount of $<span id="xdx_909_ecustom--LineOfCreditDiscount_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwelveContainershipsMember_zjzGaK5WgNS2">800</span>. Navios Partners also has an obligation at maturity to purchase the twelve containerships. The sale and leaseback agreement bears interest at Term <span id="xdx_906_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwelveContainershipsMember_zqOXbOhcdDWl">SOFR </span>plus <span id="xdx_90C_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwelveContainershipsMember_z8RlezWfWBNb">210 </span>bps per annum. As of December 31, 2023, the outstanding balance under this sale and leaseback agreement was $<span id="xdx_902_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwelveContainershipsMember_zYBUuROCNT7f">67,450</span>.</p> <p style="font: 10pt/92% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify">On <span id="xdx_907_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAlegriaAMember_z6h7yLmoDCf4">November 15, 2022</span>, the Company entered into a sale and leaseback agreement of $<span id="xdx_90C_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAlegriaAMember_zmEhgYLmhb3g">24,000 </span>with an unrelated third party for the Navios Alegria, a <span id="xdx_90C_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAlegriaAMember_zgpeQif57932">2016</span>-built <span id="xdx_90A_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAlegriaAMember_z1P6psTg4Ry9">Kamsarmax </span>vessel of <span id="xdx_906_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAlegriaAMember_zEZKb9NCUTK5">84,852 </span>dwt. Navios Partners has a purchase option to acquire the vessel at the end of the lease term and given the fact that such exercise price is not equal to the fair value of the asset at the end of the lease term, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On December 7, 2022, the amount of $<span id="xdx_902_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20220101__20221207__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAlegriaAMember_z5tPyb9TozRj">24,000 </span>was drawn. The agreement matures in the <span id="xdx_90B_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAlegriaAMember_zLKg8XuWEZGc">fourth quarter of 2032</span> and following the amendment dated August 13, 2023 bears interest at Term <span id="xdx_90D_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAlegriaAMember_z0MO44Zd5hwf">SOFR</span> plus <span id="xdx_90E_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAlegriaAMember_za90fJxw9jgk">211</span> bps per annum. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement of the Navios Alegria was $<span id="xdx_905_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAlegriaAMember_zeIw1V6FhBog">21,441</span>.</p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 11pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p>
CY2023 nmm Debt Disclosure Text Block4
DebtDisclosureTextBlock4
<p id="xdx_805_ecustom--DebtDisclosureTextBlock4_z9H09YZAnh9b" style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_826_zr0ARQ9gjTFc" style="display: none">Borrowings - Financial Liabilities (Narrative II)</span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_903_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusIIMember_z0kGOvOE45we">December 5, 2022</span>, the Company entered into a sale and leaseback agreement of $<span id="xdx_909_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusIIMember_zjegDbFHlWqc">10,500</span> with an unrelated third party for the Navios Sagittarius, a <span id="xdx_90C_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusIIMember_zTHttJCiXItl">2006</span>-built <span id="xdx_907_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusIIMember_zA5JLGGwupZ7">Panamax</span> vessel of <span id="xdx_90D_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusIIMember_zqgLvoUbRYCg">75,756</span> dwt. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the third year. In December 2022, Navios Partners declared its option to purchase the vessel at the end of the fourth year of the bareboat charter-in agreement, preserving the right to exercise the purchase option earlier during the option period. Under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On December 15, 2022, the amount of $<span id="xdx_905_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20220101__20221215__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusIIMember_zj0R8gKgvK0a">10,500</span> was drawn. The agreement matures in the <span id="xdx_90B_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusIIMember_zJ1CXrL0j7Gk">fourth quarter of 2026</span> and following the amendment dated July 3, 2023 bears interest at <span id="xdx_904_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusIIMember_zCHj4okqj1m1">Term SOFR</span> plus <span id="xdx_902_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusIIMember_zMo3Q3eKdgUf">241</span> bps per annum. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement of the Navios Sagittarius was $<span id="xdx_90E_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSagittariusIIMember_z9YT7TVnEjjf">8,469</span>.</span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to a novation agreement dated <span id="xdx_908_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMeridianIMember_zzHFKKUcmzEa">January 28, 2022</span>, the Company agreed to novate the shipbuilding contract and to simultaneously enter into a bareboat charter agreement to bareboat charter-in a newbuilding <span id="xdx_90E_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMeridianIMember_zifChtTlOSmd">Kamsarmax</span> vessel of <span id="xdx_90C_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMeridianIMember_z0S9tttLkphf">82,010</span> dwt, under a ten-year bareboat contract, from an unrelated third party, the Navios Meridian. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. In January 2022, Navios Partners declared its option to purchase the vessel at the end of the tenth year of the bareboat charter-in agreement, preserving the right to exercise the purchase option earlier during the option period. The Company-lessee has performed an assessment based on provisions of ASC 842 and concluded that it controls the underlying asset that is under construction before the commencement date of the lease and as such, a sale and leaseback of the asset occurs at the commencement date of the lease (upon the completion of construction). Under ASC 842-40, the transfer of the vessel was determined to be a failed sale. In February 2023, Navios Partners took delivery of the Navios Meridian and recognized an amount of $<span id="xdx_908_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMeridianIMember_z6SbQR8eIBl8">27,440</span> as financial liability in accordance with ASC 842-40. The sale and leaseback transaction matures in the <span id="xdx_90F_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMeridianIMember_zhmMFPS3dVvg">first quarter of 2033</span> and following the amendment dated August 4, 2023 bears interest at <span id="xdx_906_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMeridianIMember_zT9xofQxBTh3">Term SOFR</span> plus <span id="xdx_90A_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMeridianIMember_zKKB6ReeGG03">191</span> bps per annum. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $<span id="xdx_900_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMeridianIMember_zEAHrYW0afGd">25,763</span>.</p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2023, the Company entered into a sale and leaseback agreement of $<span id="xdx_908_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20230228__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixIMember_zWyiXw3O1j27">32,000 </span>with an unrelated third party, in order to finance the Navios Felix, a <span id="xdx_904_ecustom--VesselYearBuilt_c20230101__20230228__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixIMember_zH8ogjhkWpu1">2016</span>-built <span id="xdx_90E_ecustom--VesselType_c20230101__20230228__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixIMember_zXG7Xh8o2Kea">Capesize </span>vessel of <span id="xdx_90F_ecustom--VesselCapacity_uPure_c20230101__20230228__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixIMember_zUJnEXC3rWm8">181,221 </span>dwt. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. Navios Partners has a purchase option to acquire the vessel at the end of the lease term and given the fact that such exercise price is not equal to the fair value of the asset at the end of the lease term, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as a financial liability. On March 9, 2023, the amount of $<span id="xdx_908_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20230101__20230309__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixIMember_z0uoRtTfmMx6">32,000</span> was drawn. The sale and leaseback transaction matures in the <span id="xdx_908_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20230228__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixIMember_zIt2b9TUAg6d">first quarter of 2033</span> and following the amendment dated June 29, 2023 bears interest at <span id="xdx_90D_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20230228__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixIMember_zwQXSOu3378i">Term SOFR </span>plus <span id="xdx_905_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20230228__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixIMember_zbYSC1NlbUI6">211 </span>bps per annum. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $<span id="xdx_909_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixIMember_zU74NkijcBi3">29,396</span>.</p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2023, Navios Partners entered into sale and leaseback agreements of $<span id="xdx_904_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20230531__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoNewBuildingContainershipsAndTwoNewBuildingAframaxMember_zu2mWAQgRJA5">178,000 </span>with unrelated third parties, in order to finance the acquisition of two newbuilding 5,300 TEU containerships and two newbuilding Aframax/LR2 tanker vessels. As of December 31, 2023, the total amount has remained undrawn. The sale and leaseback transaction matures <span id="xdx_90A_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20230531__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoNewBuildingContainershipsAndTwoNewBuildingAframaxMember_zN2hy2Mk58vg">ten years after the drawdown</span> date and bears interest at <span id="xdx_90B_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20230531__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoNewBuildingContainershipsAndTwoNewBuildingAframaxMember_zwcblFQ4ep1k">Term SOFR</span> plus <span id="xdx_900_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20230531__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoNewBuildingContainershipsAndTwoNewBuildingAframaxMember_zlXehyyaHbc5">210 </span>bps per annum.</p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In October 2023, the Company entered into a sale and leaseback agreement of $<span id="xdx_90F_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231031__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHorizonIAMember_zh4ZMcFKmOg2">22,800 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">with an unrelated third party in order to finance the acquisition of the Navios Horizon I. The bareboat charter-in provides for purchase options with de-escalating prices starting on the end of the fourth year. Navios Partners has a purchase option to acquire the vessel at the end of the lease term given the fact that such exercise price is not equal to the fair value of the asset at the end of the lease term, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the amount received under the sale and leaseback agreement as financial liability. On November 16, 2023, the amount of $<span id="xdx_907_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20230101__20231116__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHorizonIAMember_z67rToa2TCW7">22,800 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was drawn. The sale and leaseback transaction matures in the <span id="xdx_909_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231031__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHorizonIAMember_zBZ3eYlwlUfg">fourth quarter of 2035</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and bears interest at <span id="xdx_906_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231031__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHorizonIAMember_z6bllxXi8hjj">Term SOFR</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus <span id="xdx_90D_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231031__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHorizonIAMember_zqostcX59UP">220 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bps per annum. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $<span id="xdx_90C_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHorizonIAMember_zI8oBMPNsgm7">22,511</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In November 2023, Navios Partners entered into sale and leaseback agreements of $<span id="xdx_907_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231130__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoContainershipsAndTwoAframaxMember_zihbIsCnBDjh"><span id="xdx_904_eus-gaap--LineOfCreditFacilityRemainingBorrowingCapacity_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoContainershipsAndTwoAframaxMember_zUkz1t2zgCli">175,600</span> </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">with unrelated third parties, in order to finance the acquisition of two newbuilding 5,300 TEU containerships and two newbuilding Aframax/LR2 tanker vessels. As of December 31, 2023, the total amount has remained undrawn. The sale and leaseback transaction matures <span id="xdx_909_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231130__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoContainershipsAndTwoAframaxMember_zmPpuO9uRKtb">ten </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">years after the drawdown date and bears interest at <span id="xdx_90D_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231130__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoContainershipsAndTwoAframaxMember_zym9inYUSKJi">Term SOFR</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus <span id="xdx_90C_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231130__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinancialLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoContainershipsAndTwoAframaxMember_zhe4lJcxRHql">200 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bps per annum.</span></p> <p style="font: 10pt/9.55pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/10.55pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 11pt/10.55pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 11pt/10.55pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon completion of the NMCI Merger, Navios Partners assumed the following financial liabilities:</span></p> <p style="font: 11pt/10.55pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 11pt/10.55pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_900_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCoMember_zjJI4lCToBu2">May 25, 2018</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Containers entered into a $<span id="xdx_905_ecustom--SaleLeasebackTransactionAmountDueUnderFinancingArrangement1_iI_pn3n3_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCoMember_zMr4VN3nkdk8">119,000 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">sale and leaseback transaction with unrelated third parties in order <span id="xdx_90C_ecustom--SaleLeasebackTransactionDescription1_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCoMember_zcAYm1P3ID6a">to refinance the outstanding balance of the existing facilities of 18 containerships</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Navios Containers has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, Navios Containers did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback transaction as a financial liability. On June 29, 2018, Navios Containers completed the sale and leaseback of the first six vessels for $<span id="xdx_90E_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20180629__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerAMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCoMember_zAfaWJ6iaIR5">37,500</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. On July 27, 2018 and on August 29, 2018, Navios Containers completed the sale and leaseback of four additional vessels for $<span id="xdx_904_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20180829__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerBMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCoMember_zf6yvJrsUz87">26,000</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. On November 9, 2018, Navios Containers completed the sale and leaseback of four additional vessels for $<span id="xdx_909_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20181109__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerCMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCoMember_z191oE6VFIqc">26,700</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Navios Containers did not proceed with the sale and leaseback transaction of the four remaining vessels. In July 2021, following the sale of one <span id="xdx_900_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCoMember_zTfp9UJogCe1">2008</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_90E_ecustom--VesselType_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCoMember_zx3cv00oEdLd">container </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_903_ecustom--VesselCapacityInTEU_uPure_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCoMember_z5HR1UzoJXsa">4,250 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">TEU, the amount of $<span id="xdx_909_ecustom--PrepaymentOfSaleAndLeasebackTransaction_pn3n3_c20210101__20210731__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCoMember_zVgfVUGzFkNa">4,778 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was prepaid. In October 2022, the Company prepaid the amount of $<span id="xdx_90C_ecustom--PrepaymentOfSaleAndLeasebackTransaction_pn3n3_c20220101__20221031__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCoMember_zDgasYr3iDe4">46,365 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and <span id="xdx_907_ecustom--NumberOfVesselsReleasedAsCollateral_iI_dc_uPure_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCoMember_zVrYtX5aPFM2">12</span> </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">container vessels were released. In June 2023, the sale and leaseback agreement matured, the purchase obligation of $<span id="xdx_90B_eus-gaap--PurchaseObligation_iI_pn3n3_c20230630__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCoMember_zjVWQdBDVg54">3,251 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was paid and the respective sale and leaseback agreement was terminated. </span></p> <p style="font: 11pt/10.55pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_904_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCo119MMember_zEzmFLKMYvXd">March 11, 2020</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Containers completed a $<span id="xdx_90D_eus-gaap--ProceedsFromIssuanceOfDebt_pn3n3_c20200101__20200313__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCo119MMember_zO6E6Z4blmt">119,060 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">sale and leaseback transaction with unrelated third parties <span id="xdx_906_ecustom--SaleLeasebackTransactionDescription1_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCo119MMember_z6N2RssFMO14">to refinance the existing credit facilities of two 8,204 TEU containerships and two 10,000 TEU containerships</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Navios Containers has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, Navios Containers did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback transaction as a financial liability. Navios Containers drew the entire amount on March 13, 2020, net of discount of $<span id="xdx_90D_ecustom--LineOfCreditDiscount_iI_pn3n3_c20200313__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCo119MMember_zbRDXHGb4WRh">1,191</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. In September 2022, following the sale of two 2006-built container vessels of 8,204 TEU each, the amount of $<span id="xdx_90A_ecustom--PrepaymentOfSaleAndLeasebackTransaction_pn3n3_c20220101__20220930__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCo119MMember_zGWXsyNAnHD2">24,642 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">was prepaid. The Company also has an obligation at maturity to purchase the remaining two 10,000 TEU containerships. Following the prepayment the sale and leaseback agreement matures in <span id="xdx_90B_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCo119MMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoTenThousandTEUContainershipsMember_zHmkceiXEic7">March 2027</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">for the two 10,000 TEU containerships. In August 2023, the Company amended the sale and leaseback agreements to bear interest at <span id="xdx_907_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCo119MMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoTenThousandTEUContainershipsMember_zRVcuorgUexl">Term SOFR</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus <span id="xdx_902_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCo119MMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwoTenThousandTEUContainershipsMember_zO9JOjLuA0Vb">225 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bps per annum. As of December 31, 2023, the outstanding balance under this sale and leaseback transaction was $<span id="xdx_904_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponCompletionOfTheNMCIMergerMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--MinshegFinancialLeasingCo119MMember_z6fhVfXVP0Z8">51,636</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 nmm Debt Disclosure Text Block5
DebtDisclosureTextBlock5
<p id="xdx_806_ecustom--DebtDisclosureTextBlock5_zXiHaNvHeaIc" style="font: 10pt/10.55pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_822_zSEA8PgzZ41d" style="display: none">Borrowings - Financial Liabilities (Narrative III)</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon acquisition of the majority of outstanding stock of Navios Acquisition, Navios Partners assumed the following financial liabilities:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_907_eus-gaap--SaleLeasebackTransactionDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction2Member_zzCnCGcXfTGl">March 31, 2018</span>, Navios Acquisition entered into a $<span id="xdx_909_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20180331__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction2Member_zVK9TttgIy4k">71,500</span> sale and leaseback agreement with unrelated third parties to refinance the outstanding balance of the existing facility on <span id="xdx_900_ecustom--VesselFinanced_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction2Member_zSyAgVbtpZgf">four product tankers</span>. Navios Acquisition has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transaction was accounted for as a failed sale. In accordance with ASC 842-40, Navios Acquisition did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under sale and lease back agreement as a financial liability. In April 2018, Navios Acquisition drew $<span id="xdx_90A_eus-gaap--ProceedsFromLinesOfCredit_pn3n3_c20180101__20180430__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction2Member_zyJ70wVsYGL">71,500</span> under this agreement. The sale and leaseback agreement matures in <span id="xdx_90E_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction2Member_zssjn6z1Vlg1">April 2029</span> and bears interest at <span id="xdx_90A_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction2Member_z79NMM3GgAn5">Term SOFR</span> plus <span id="xdx_909_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction2Member_zvP1ZPebKO31">190</span> bps per annum. As of December 31, 2023, the outstanding balance under this agreement was $<span id="xdx_90E_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction2Member_zVv81pEtch0b">37,240</span>.</span></p> <p style="font: 10pt/9.55pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In <span id="xdx_905_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction1Member_zAYUnP7XMvr4">March and April 2019</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Acquisition entered into sale and leaseback agreements with unrelated third parties for $<span id="xdx_90F_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction1Member_zKpXkXxWsBgd">103,155 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in order <span id="xdx_90F_ecustom--SaleLeasebackTransactionDescription1_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction1Member_z5zjYUPVDt42">to refinance $50,250 outstanding on the existing facility on three product tankers and to finance two product tankers</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Navios Acquisition had a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. The sale and leaseback agreements were scheduled to mature in <span id="xdx_905_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction1Member_zhg91nnBPxY6">March and April 2026</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">respectively, and bore interest at <span id="xdx_901_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction1Member_zf8ZtAjsUg6h">LIBOR </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus <span id="xdx_907_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction1Member_zR6uFISkWeU3">350 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bps per annum. In April 2023, the Company exercised its purchase option for all five vessels before the end of the lease term, by prepaying an amount of $<span id="xdx_90E_ecustom--PrepaymentOfSaleAndLeasebackTransaction_pn3n3_c20230101__20230430__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction1Member_zfDxMUzyZgpf">61,181</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/9.55pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/8.6pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/8.75pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0; text-align: justify">In <span id="xdx_904_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction4Member_zLTyT0fuNps8">August 2019</span>, Navios Acquisition entered into a sale and leaseback agreement of $<span id="xdx_900_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20190831__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction4Member_zFDSaKPThEMd">15,000</span>, with unrelated third parties in order to refinance <span id="xdx_903_ecustom--VesselFinanced_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction4Member_zMscxUOcWc8h">one product tanker</span>. Navios Acquisition has a purchase option to acquire the vessel at the end of the lease term and given the fact that such exercise price is not equal to the fair value of the asset at the end of the lease term, under ASC 842-40, the transaction was determined to be a failed sale. The agreement matures in <span id="xdx_90E_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction4Member_zvaH6lhe74rj">August 2024.</span> Pursuant to and an amendment dated July 2023, the agreement bears interest at Term <span id="xdx_90D_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction4Member_zI7BMs0tu9Kd">SOFR </span>plus an implied margin of <span id="xdx_909_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction4Member_zE3svbDtMWhc">400 </span>bps per annum. As of December 31, 2023, the outstanding balance under this agreement was $<span id="xdx_90A_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction4Member_zEkmrlc45rs7">6,719</span>.</p> <p style="font: 10pt/8.65pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In <span id="xdx_903_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction3Member_zNaHmWGENGsi">September 2019</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Acquisition entered into additional sale and leaseback agreements with unrelated third parties for $<span id="xdx_906_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20191130__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction3Member_zQoA0qrGoMsc">47,220 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in order to refinance <span id="xdx_901_ecustom--VesselFinanced_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction3Member_zmnLGFLNDmZ9">three product tankers</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Navios Acquisition has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. The agreements were scheduled to mature in <span id="xdx_90E_ecustom--DebtMaturityDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction3Member_zSoWHHWwFzD">September 2023 and September 2026</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and bore interest at <span id="xdx_902_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction3Member_zmBZ2MQHaNV3">LIBOR plus a margin ranging from 350 bps to 360 bps per annum</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, depending on the vessel financed. In May 2023, the Company exercised its purchase option for all three vessels before the end of the lease term, by prepaying an amount of $<span id="xdx_905_ecustom--PrepaymentOfSaleAndLeasebackTransaction_pn3n3_c20230101__20230531__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction3Member_zZFMDEasyOxa">26,898</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In <span id="xdx_90E_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction5Member_zhMcNl1Q3sJf">October 2019</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Acquisition entered into sale and leaseback agreements with unrelated third parties for $<span id="xdx_900_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20191031__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction5Member_zP9mhw0MOQz4">90,811 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in order to refinance <span id="xdx_904_ecustom--VesselFinanced_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction5Member_zzNlHZd3pZm1">six product tankers</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Navios Acquisition had a purchase option to acquire the vessels at the end of the lease term and given the fact that such exercise price is not equal to the fair value of each asset at the end of the lease term, under ASC 842-40, the transaction was determined to be a failed sale. In May 2022, the Company exercised its purchase option for two out of six vessels before the end of the lease term, by prepaying an amount of $ <span id="xdx_90C_ecustom--PrepaymentOfSaleAndLeasebackTransaction_pn3n3_c20220101__20220531__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction5Member_zCoNT26JRnN5">11,295</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The sale and leaseback arrangements bore interest at <span id="xdx_90E_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction5Member_z6t4VmXzuH6j">LIBOR plus a margin ranging from 335 bps to 355 bps per annum</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, depending on the vessel financed. In June 2023, the Company exercised its purchase option for the remaining four vessels before the end of the lease term, by prepaying an amount of $<span id="xdx_906_ecustom--PrepaymentOfSaleAndLeasebackTransaction_pn3n3_c20230101__20230630__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction5Member_zl2bTEgqpNBj">43,913</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0">  </p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0 0 18pt; text-align: justify">In <span id="xdx_90A_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction6Member_zdzZnhr3KKZd">June 2020</span>, Navios Acquisition entered into sale and leaseback agreements with unrelated third parties for $<span id="xdx_907_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20200630__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction6Member_z4LV2QKfjizi">72,053 </span>in order to refinance <span id="xdx_904_ecustom--VesselFinanced_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction6Member_zqW7AWNHubw3">one MR1, one MR2 and two LR1s</span>. Navios Acquisition had a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. In April 2021 Navios Acquisition prepaid the amount of $<span id="xdx_901_ecustom--PrepaymentOfSaleAndLeasebackTransaction_pn3n3_c20210101__20210430__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction6Member_zfTA2l4GKqT7">6,210</span>. In December 2022, following the sale and release of one 2009-built MR1 product tanker, the Company prepaid the amount of $<span id="xdx_908_ecustom--PrepaymentOfSaleAndLeasebackTransaction_pn3n3_c20220101__20221231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction6Member_zCIEDnT7u0Y5">5,903</span>. The sale and leaseback arrangements bore interest at <span id="xdx_902_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction6Member_zLOtSBaok7mj">LIBOR</span> plus margin of <span id="xdx_900_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction6Member_zUobWgNFIz2f">390</span> bps per annum and were scheduled to mature in <span id="xdx_90E_ecustom--DebtMaturityDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction6Member_zTrM9bDnJ2Zh">June 2027</span>. In January 2023, the Company exercised its purchase option for the remaining three vessels before the end of the lease term, by prepaying an amount of $<span id="xdx_908_ecustom--PrepaymentOfSaleAndLeasebackTransaction_pn3n3_c20230101__20230131__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosAcquisitionMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction6Member_z9ZtzNZzQH71">45,610</span>.</p> <p style="font: 11pt/102% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/11.2pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following the acquisition of 36-vessel drybulk fleet from Navios Holdings, Navios Partners assumed the following financial liabilities:</span></p> <p style="font: 10pt/9.55pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0; text-align: justify">In <span id="xdx_90B_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction7Member_zthiaDqlqzXl">November 2019</span>, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $<span id="xdx_902_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20191130__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction7Member_zQxK2SptI8v">33,000 </span>in order to finance <span id="xdx_90C_ecustom--VesselFinanced_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction7Member_z6uskwDtFKYf">a Capesize vessel</span>. The agreement matures in the <span id="xdx_907_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction7Member_zTFGAUNLAMQj">first quarter of 2032</span>. Pursuant to the amendment dated June 28, 2023 the agreement bears interest at <span id="xdx_90A_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction7Member_zAQw9yQrcuW3">Term SOFR</span> plus <span id="xdx_903_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction7Member_zHMcoHRFIcqi">211 </span>bps per annum. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $<span id="xdx_90C_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction7Member_zbwVPajM2kkk">22,250</span>.</p> <p style="font: 10pt/8.6pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">  </span></p> <p style="font: 10pt/109% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In <span id="xdx_908_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction8Member_zb6DC0fN5umh">February 2020</span>, Navios Holdings entered into a sale and leaseback agreement with an unrelated third party for $<span id="xdx_908_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20200229__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction8Member_zldf6tUWo8z7">35,000 </span>in order to finance <span id="xdx_902_ecustom--VesselFinanced_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction8Member_zpYeorGQzbB9">a Capesize vessel</span>. Navios Partners has a purchase option to acquire the vessel at the end of the lease term and given the fact that such exercise price is not equal to the fair value of the asset at the end of the lease term, under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the <span id="xdx_909_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction8Member_zIvdfulno17g">first quarter of 2032</span> and following the amendment dated June 28, 2023 bears interest at <span id="xdx_904_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction8Member_zVgd6Mce3MLj">Term SOFR</span> plus <span id="xdx_90C_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction8Member_zOII8cbvMchh">211 </span>bps per annum. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $<span id="xdx_90F_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction8Member_z7DNk1iz7LA4">24,059</span>.</span></p> <p style="font: 10pt/8.55pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In <span id="xdx_908_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction9Member_zbHFRMrX7iCk">November 2021</span>, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $<span id="xdx_90D_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20211130__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction9Member_zZzAUnMgc52d">19,000</span> in order to finance <span id="xdx_909_ecustom--VesselFinanced_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction9Member_zSSLvB7SJ9jg">a Capesize vessel</span>. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the <span id="xdx_90F_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction9Member_z1t8TeEWW668">fourth quarter of 2029</span>. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $<span id="xdx_907_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction9Member_zoG5YsXoWWni">15,452</span>.</span></p> <p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In <span id="xdx_90E_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction10Member_zce3oW7Wl6ze">December 2021</span>, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $<span id="xdx_904_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20221231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction10Member_zeX0nGcOWYS1">19,000</span> in order to finance <span id="xdx_905_ecustom--VesselFinanced_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction10Member_zcXPQIX95wJ8">a Capesize vessel</span>. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the <span id="xdx_902_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction10Member_zhLkiPhEMocf">fourth quarter of 2029</span>. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $<span id="xdx_90D_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction10Member_zdZwJo5VD624">15,452</span>.</span></p> <p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In <span id="xdx_902_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction11Member_z948ZGQ1Ozm3">December 2021</span>, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $<span id="xdx_907_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20211231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction11Member_z31JP4GbuS8">19,000</span> in order to finance <span id="xdx_907_ecustom--VesselFinanced_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction11Member_zQJfk2MnUS6k">a Capesize vessel</span>. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the <span id="xdx_903_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction11Member_zytPY3LDduSb">first quarter of 2029</span>. Following the amendment dated June 27, 2023, the agreement bears interest at <span id="xdx_90D_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction11Member_zbsl7TrZqyai">Term SOFR</span> plus margin of <span id="xdx_908_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction11Member_zNzUdn9NihQh">211</span> bps per annum. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $<span id="xdx_903_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction11Member_zGCS4SsgmHXi">13,857</span>.</span></p> <p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In <span id="xdx_903_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction12Member_zCNC9ZsBlC1f">December 2021</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $<span id="xdx_90A_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20211231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction12Member_zEx0jSTLBqm8">20,000 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in order to finance <span id="xdx_90A_ecustom--VesselFinanced_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction12Member_zTwwX78feRpb">a Capesize vessel</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the <span id="xdx_90F_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction12Member_zfiVNcxpeYFd">fourth quarter of 2027</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Pursuant to the amendment dated June 19, 2023, the agreement and bears interest at <span id="xdx_901_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction12Member_zh5AlEC7qRP6">Term SOFR</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus <span id="xdx_906_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction12Member_zh8yvjSob8z2">311 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bps per annum. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $<span id="xdx_90A_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction12Member_z3w8R48I0ZXg">14,271</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 10pt/8.65pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In <span id="xdx_90C_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction13Member_zHb9Kcc0KjDc">February 2022</span>, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $<span id="xdx_905_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20220228__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction13Member_zdbFTYkkaJv1">12,000</span> in order to finance <span id="xdx_907_ecustom--VesselFinanced_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction13Member_z8Chomf6qnw">a Panamax vessel</span>. Navios Partners has a purchase option to acquire the vessel at the end of the lease term and given the fact that such exercise price is not equal to the fair value of the asset at the end of the lease term, under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the <span id="xdx_90F_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction13Member_zEl13nl8T3T3">first quarter of 2027</span>. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $<span id="xdx_905_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction13Member_zpwKwxkpESUa">8,339</span>.</span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/19.95pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In <span id="xdx_90D_eus-gaap--SaleLeasebackTransactionDate_dd_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction14Member_zZKNEFoxajWa">July 2022</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Holdings entered into sale and leaseback agreement with an unrelated third party for $<span id="xdx_904_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20220731__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction14Member_zd9sN4wj6Q2a">22,000 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in order to finance <span id="xdx_90E_ecustom--VesselFinanced_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction14Member_zen3HPsp1ubb">a Panamax vessel</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. Navios Partners has a purchase obligation to acquire the vessel at the end of the lease term and under ASC 842-40, the transaction was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and accounted for the liability assumed under the sale and leaseback agreement as a financial liability. The agreement matures in the <span id="xdx_90E_ecustom--LineOfCreditFacilityMaturityDate_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction14Member_zwl8LLYAo4J7">third quarter of 2032</span>. Pursuant to the amendment dated June 27, 2023, the agreement bears interest at </span><span id="xdx_90B_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction14Member_zjYXXCEbWgN9" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Term SOFR</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">plus </span><span id="xdx_905_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pip2_dp_uPure_c20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction14Member_z6IUMcV1XzJ2" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">166 </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bps per annum. As of December 31, 2023, the outstanding balance under the sale and leaseback agreement was $</span><span id="xdx_903_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleLeasebackTransaction14Member_zSnCLQcgnCV4" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">19,150</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.</span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0 0 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 nmm Debt Disclosure Text Block6
DebtDisclosureTextBlock6
<p id="xdx_80C_ecustom--DebtDisclosureTextBlock6_z8fnlgnlkhZa" style="font: 10pt/18.4pt Times New Roman, Times, Serif; margin: 0 0 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <b>Finance Lease Liabilities</b></span></p> <p style="font: 10pt/9.75pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_90E_ecustom--DateDelivery_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAzaleaAMember_z5JEEzD20hbj">November 17, 2022</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Partners took delivery of the Navios Azalea, a <span id="xdx_90D_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAzaleaAMember_zA1hiQTP8C7j">2022</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_907_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAzaleaAMember_zGZGLi2I58hk">Capesize </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_90C_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAzaleaAMember_z76wgPdk2726">182,064 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, for a <span id="xdx_904_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAzaleaAMember_zLdbcnQXIyli">15-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_90C_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAzaleaAMember_za4Vv0qj1CQ3">7</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. As of December 31, 2023, the outstanding balance was $<span id="xdx_90E_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAzaleaAMember_zkSr9JpwOCjd">38,442 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_905_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAzaleaAMember_zFOjApXxSwI">repayable in 14 years.</span></span></p> <p style="font: 10pt/8.65pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_90A_ecustom--DateDelivery_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosArmoniaAMember_zRBmcO0sdZYc">September 21, 2022</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Partners took delivery of the Navios Armonia, a <span id="xdx_90D_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosArmoniaAMember_zqEQqrSypBN5">2022</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_90C_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosArmoniaAMember_zL5C5Uhx5Gta">Capesize </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_90C_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosArmoniaAMember_zcQMQHdIeKF9">182,079 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, for a <span id="xdx_90B_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosArmoniaAMember_zENmPePiOOth">15-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_90F_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosArmoniaAMember_z3neASdx9fb9">7</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period. As of December 31, 2023, the outstanding balance was $<span id="xdx_902_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosArmoniaAMember_zfewuOp3xxje">38,205 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_90B_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosArmoniaAMember_zyqkbX4W3Nc5">repayable in 14 years.</span></span></p> <p style="font: 10pt/8.65pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_909_ecustom--DateDelivery_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAstraAMember_zqe8Ux83KxD5">September 13, 2022</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Partners took delivery of the Navios Astra, a <span id="xdx_907_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAstraAMember_z7dr3TXLC3mh">2022</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_902_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAstraAMember_zhJbriAIS2Fj">Capesize </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_908_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAstraAMember_zJcS1YsAX6v2">182,393 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, for a <span id="xdx_90A_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAstraAMember_zv36MeQrKLug">10-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. In December 2021, Navios Partners declared its option to purchase the vessel at the end of the tenth year of the bareboat charter-in agreement, preserving the right to exercise the purchase option earlier during the option period. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $<span id="xdx_904_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20220913__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAstraAMember_zpLChZfU8cR5">42,781</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, based on the net present value of the remaining charter-in payments including the purchase obligation to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_904_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAstraAMember_zdtDSEaSaCn5">7</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. As of December 31, 2023, the outstanding balance was $<span id="xdx_900_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAstraAMember_zC9TyccnLK8d">39,620 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_90D_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAstraAMember_zIVUU8hRLET7">repayable in nine years.</span></span></p> <p style="font: 10pt/8.65pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/8.65pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 29, 2023, Navios Partners took delivery of the Navios Altair, a <span id="xdx_908_ecustom--VesselYearBuilt_c20230101__20230329__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAltairAMember_zIOsGm2P0GN2">2023</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_903_ecustom--VesselType_c20230101__20230329__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAltairAMember_zN64FURejAi9">Capesize </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_900_ecustom--VesselCapacity_uPure_c20230101__20230329__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAltairAMember_zjxKFlAREdLf">182,115 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt under a <span id="xdx_90A_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20230329__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAltairAMember_ztpHKSpeV4D">15-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the agreement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_905_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20230329__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAltairAMember_zsd5SYrugKWd">6.5</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. As of December 31, 2023, the outstanding balance was $<span id="xdx_90D_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAltairAMember_z8pXbspxwqVf">40,099 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_90A_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20230329__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAltairAMember_z0RcqzGmfxQb">repayable in 15 years.</span></span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 27, 2023, Navios Partners took delivery of the Navios Sakura, a <span id="xdx_904_ecustom--VesselYearBuilt_c20230101__20230427__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSakuraIMember_zD5NVuX9hPY3">2023</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_90E_ecustom--VesselType_c20230101__20230427__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSakuraIMember_zc4cAQ2f5lFa">Capesize </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_902_ecustom--VesselCapacity_uPure_c20230101__20230427__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSakuraIMember_z8Lufa7uD2Rh">182,169 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, under a <span id="xdx_90E_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20230427__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSakuraIMember_ztVcncFmusXh">15-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting at the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the agreement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_906_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20230427__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSakuraIMember_zvWJAz1Rpjfe">5.5</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. As of December 31, 2023, the outstanding balance was $<span id="xdx_90A_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSakuraIMember_z0yzaf7SC5sg">44,786 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_908_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20230427__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosSakuraIMember_zhWEDrmrONW6">repayable in 15 years.</span></span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span> </span></span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 21, 2023, Navios Partners took delivery of the Navios Amethyst, a <span id="xdx_900_ecustom--VesselYearBuilt_c20230101__20230621__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmethystAMember_zD0gx3eSXDW5">2023</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_90B_ecustom--VesselType_c20230101__20230621__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmethystAMember_zVKKmsEUCal8">Capesize </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_907_ecustom--VesselCapacity_uPure_c20230101__20230621__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmethystAMember_zSbByCC6zNW3">182,212 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, under a <span id="xdx_901_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20230621__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmethystAMember_zSTOJ7GCqGJ8">15-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices starting on the end of the fourth year. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the agreement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_905_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20230621__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmethystAMember_zbmPG2w5K32">5.4</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. As of December 31, 2023, the outstanding balance was $<span id="xdx_907_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmethystAMember_zNl1lAsT5G7h">59,066 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_909_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20230621__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmethystAMember_zV1qMV5dJC4i">repayable in 15 years.</span></span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In August 2023, Navios Partners agreed to acquire from an unrelated third party the Navios Horizon I, a <span id="xdx_904_ecustom--VesselYearBuilt_c20230101__20230831__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHorizonIBMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember_zpbPxSM3mU14">2019</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_902_ecustom--VesselType_c20230101__20230831__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHorizonIBMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember_zdsqr9NLIZ1">Kamsarmax </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_90C_ecustom--VesselCapacity_uPure_c20230101__20230831__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHorizonIBMember__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember_zxtt1SBNd8df">81,692 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, which was previously chartered-in and accounted for as a right-of-use asset under operating lease (See Note 20 - Leases). In accordance with the provisions of ASC 842, the Company accounted the transaction as a lease modification and upon reassessment of the classification of the lease, the Company has classified the above transaction as finance lease, as of the effective date of the modification. Following the reassessment performed, the Company recognized a right-of-use asset at $<span id="xdx_900_eus-gaap--FinanceLeaseRightOfUseAsset_iI_pn3n3_c20230831__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHorizonIBMember_zm6vIkkTSoKj">27,561</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, being an amount equal to the finance lease liability. In October 2023, the Company acquired the Navios Horizon I and repaid in full the outstanding balance of the finance lease liability as of that date.</span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/8.65pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/99% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following the acquisition of 36-vessel drybulk fleet from Navios Holdings, Navios Partners upon reassessing the classification of the following leases in accordance with the criteria in ASC 842 Leases, recognized the following finance lease liabilities:</span></p> <p style="font: 10pt/8.6pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 29, 2022, Navios Partners took delivery of the Navios Magellan II, a <span id="xdx_902_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMagellanIIMember_zMwRMPBAgur1">2020</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_905_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMagellanIIMember_ziG6buBy8xj5">Kamsarmax </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_909_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMagellanIIMember_zQctMd1uzvp2">82,037 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, for a remaining <span id="xdx_904_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMagellanIIMember_zwMLo1Fvnyoh">eight-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $<span id="xdx_904_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20220729__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMagellanIIMember_zkfWerSSITjf">19,385 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_90A_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMagellanIIMember_z0vTzZM48qAa">6</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. As of December 31, 2023, the outstanding balance was $<span id="xdx_90A_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMagellanIIMember_zAsQh4f3BhYk">17,861 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_902_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosMagellanIIMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember_zxpTvZnTBZB6">repayable in seven years.</span></span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 29, 2022, Navios Partners took delivery of the Navios Galaxy II, a <span id="xdx_90A_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIIMember_z4vn7utbNyaa">2020</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_905_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIIMember_zGlF3gvRRYT8">Kamsarmax </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_90A_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIIMember_zPKxS7vNwcRi">81,789 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, for a remaining <span id="xdx_909_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIIMember_zyvaHiwVOq5c">eight-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $<span id="xdx_900_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20220729__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIIMember_zDmIB1RUx7Bh">17,702 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_903_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIIMember_z0YB61Mxvns2">6</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% As of December 31, 2023, the outstanding balance was $<span id="xdx_90F_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIIMember_zagzFJxS5Xl7">15,899 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_908_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosGalaxyIIMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember_zIAU8IaPDkua">repayable in seven years.</span></span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 29, 2022, Navios Partners took delivery of the Navios Uranus, a <span id="xdx_90F_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosUranusMember_zqoOBtPJzVl4">2019</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_90A_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosUranusMember_zbnmf3hCmtU7">Kamsarmax </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_90D_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosUranusMember_z1x5R2eExHg7">81,821 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, for a remaining <span id="xdx_90F_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosUranusMember_zS6a7E5MPpJ2">seven-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $<span id="xdx_907_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20220729__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosUranusMember_zGt59NMfZu8d">17,607</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_907_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosUranusMember_z1fOw6uTLhE">6</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. As of December 31, 2023, the outstanding balance was $<span id="xdx_902_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosUranusMember_zCJHX8B2w5I7">15,828 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_90F_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosUranusMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember_zspEvnbutqAj">repayable in six years. </span></span></p> <p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 nmm Debt Disclosure Text Block7
DebtDisclosureTextBlock7
<p id="xdx_80F_ecustom--DebtDisclosureTextBlock7_zUOuisdBwkw" style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_828_zapj7cnrqzn2" style="display: none">Borrowings - Finance Lease Liabilities (Narrative II)</span></span></p> <p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 29, 2022, Navios Partners took delivery of the Navios Felicity I, a <span id="xdx_908_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityIMember_z5Nlvt44Ffe4">2020</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_90F_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityIMember_zdUki4nsE9Xg">Kamsarmax </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_90F_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityIMember_zcYBJNE5xMGi">81,962 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, for a remaining <span id="xdx_906_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityIMember_zMytwfV8w2o9">seven-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $<span id="xdx_905_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20220729__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityIMember_zmy8CVn3UsCe">17,473</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_90C_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityIMember_zgnUiNFiM2pa">6</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. As of December 31, 2023, the outstanding balance was $<span id="xdx_904_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityIMember_zF06nvUpJjQ5">16,128 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_90F_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelicityIMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember_zz4quCScyIp6">repayable in six years.</span></span></p> <p style="font: 10pt/8.65pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 29, 2022, Navios Partners took delivery of the Navios Herakles I, a <span id="xdx_907_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHeraklesIMember_zgvxQg1Flw0e">2019</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_907_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHeraklesIMember_zkCQA2QEteD5">Kamsarmax </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_906_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHeraklesIMember_zEnO65KDqQt8">82,036 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, for a remaining <span id="xdx_90D_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHeraklesIMember_zU8oIpRbFZu3">seven-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">bareboat charter-in agreement. The bareboat charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $<span id="xdx_902_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20220729__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHeraklesIMember_zyBDWdYyVcE4">17,791 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_906_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHeraklesIMember_zkXQ4W5xNUkh">6</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. As of December 31, 2023, the outstanding balance was $<span id="xdx_90A_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHeraklesIMember_zXTLSAl2IeK8">16,354 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_904_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosHeraklesIMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember_zCxy0Dp7Rtk4">repayable in six years.</span></span></p> <p style="font: 10pt/8.75pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 29, 2022, Navios Partners took delivery of the Navios Coral, a <span id="xdx_90A_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCoralMember_zKJC5uteT4g4">2016</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_90E_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCoralMember_zbiD0mNjKmjc">Kamsarmax </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_905_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCoralMember_zgeEkTi3RMEc">84,904 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, for a remaining <span id="xdx_907_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCoralMember_zX2heyHekXW4">three-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $<span id="xdx_90B_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20220729__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCoralMember_znvlSEwBXYCc">35,173</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_905_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCoralMember_zINL71ZuEu23">6</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. As of December 31, 2023, the outstanding balance was $<span id="xdx_90C_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCoralMember_z8n9q0noQjBd">30,755 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_90A_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCoralMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember_zL7D69Nkn7Og">repayable in two years</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. </span></p> <p style="font: 10pt/94% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/8.75pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On <span id="xdx_905_ecustom--DateDelivery_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmberMember_zOpKfyMY4rZh">July 29, 2022</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Partners took delivery of the Navios Amber, a <span id="xdx_90E_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmberMember_zMynq5KI9JUd">2015</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_90B_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmberMember_zFNz2mBX6ML5">Kamsarmax </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_90B_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmberMember_zyxD8y8ndkdk">80,994 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, for a remaining <span id="xdx_90E_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmberMember_zlWPAphtjF8e">one-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_905_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmberMember_zW9jWvsyTwPg">6</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. During the first half of 2023, the Company declared its option to extend the charter period for one year commencing in May 2023. Under the ASC 842, the extension of the charter period is considered as a lease modification. Consequently, the Company reallocated the remaining consideration in the contract and remeasured the finance lease liability by using the updated Company’s incremental borrowing rate of approximately 6%. The finance lease liability recognized at the date of modification was increased by $<span id="xdx_90A_ecustom--IncreaseRightOfUseAsset_pn3n3_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmberMember_ziV5j1kzWgZ7">1,620</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The corresponding right-of-use asset under finance lease was adjusted upon remeasurement of the finance lease liability (see Note 7 – Vessels, net). As of December 31, 2023, the outstanding balance was $<span id="xdx_903_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmberMember_zTQMw8nEgsG">32,161 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_90D_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosAmberMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember_zyVjXPHNO882">repayable in one year.</span></span></p> <p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 29, 2022, Navios Partners took delivery of the Navios Citrine, a <span id="xdx_90F_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCitrineMember_zVBBQx1t8Hh3">2017</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_90C_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCitrineMember_zmFC3xY6o2l2">Kamsarmax </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_90D_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCitrineMember_zxeNLJuN6NT6">81,626 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, for a remaining <span id="xdx_90B_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCitrineMember_zrUKrpcDkHzk">three-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $<span id="xdx_903_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20220729__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCitrineMember_zXRykJGA63Gf">35,605</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_905_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCitrineMember_z9ymlPEhjQK8">6</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. As of December 31, 2023, the outstanding balance was $<span id="xdx_90C_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCitrineMember_zDqZ3F9xrng4">31,566 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and is <span id="xdx_90D_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosCitrineMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember_zsXGO03B7gNa">repayable in two years. </span></span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/10.55pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/10.55pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/10.55pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/10.55pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 29, 2022, Navios Partners took delivery of the Navios Dolphin, a <span id="xdx_903_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosDolphinMember_zZZmWB5zqi9b">2017</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_903_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosDolphinMember_zVGBrnkkaFV2">Kamsarmax </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_90B_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosDolphinMember_zHOOym7J1Ot1">81,630 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, for a remaining <span id="xdx_90C_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosDolphinMember_z0PcZZ7KJloa">three-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $<span id="xdx_900_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20220729__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosDolphinMember_zZDLKziDqFr1">35,676</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_90D_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosDolphinMember_z4ztiBD0Hijc">6</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. As of December 31, </span>2023, the outstanding balance was $<span id="xdx_908_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosDolphinMember_z5cvF9mHxPHf">31,644 </span>and is <span id="xdx_906_eus-gaap--LesseeFinanceLeaseVariableLeasePaymentTermsAndConditions_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosDolphinMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember_zJKIbJ23pWe">repayable in two years. </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On July 29, 2022</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, Navios Partners took delivery of the Navios Felix, a <span id="xdx_90E_ecustom--VesselYearBuilt_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixbMember_zltTK1HKVdt">2016</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-built <span id="xdx_902_ecustom--VesselType_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixbMember_zhj1ut9LxmQd">Capesize </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">vessel of <span id="xdx_90E_ecustom--VesselCapacity_uPure_c20230101__20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixbMember_zRBRiSQTrW97">181,221 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">dwt, for a remaining <span id="xdx_90F_ecustom--LesseeFinanceLeaseTermOfContract2_iI_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixbMember_zdjRi5WhN5Zg">one-year </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">charter-in agreement. The charter-in provides for purchase options with de-escalating purchase prices. The Company has performed an assessment considering the lease classification criteria under ASC 842 and concluded that the arrangement is a finance lease. Consequently, the Company has recognized a finance lease liability amounting to $<span id="xdx_906_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20220729__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixbMember_z2fKB4Pru32">43,383</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, based on the net present value of the remaining charter-in payments including the purchase option to acquire the vessel at the end of the lease period, discounted by the Company’s incremental borrowing rate of approximately <span id="xdx_90F_eus-gaap--LesseeFinanceLeaseDiscountRate_iI_pip2_uPure_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--FinanceLeaseLiabilitiesMember__us-gaap--BusinessAcquisitionAxis__custom--UponAcquisitionOfNaviosHoldingsMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--NaviosFelixbMember_zluQQxzigHwj">6</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%. In March 2023, the Company acquired the Navios Felix and repaid in full the outstanding balance of the finance lease liability as of that date. </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span> </span></span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span></span></span></p> <p style="font: 10pt/97% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based on management estimates and market conditions, the lease term of the leases is being assessed at each balance sheet date. At lease commencement, the Company determines a discount rate to calculate the present value of the lease payments so that it can determine lease classification and measure the lease liability. In determining the discount rate to be used at lease commencement, the Company used its incremental borrowing rate as there was no implicit rate included in charter-in contracts that can be readily determinable. The incremental borrowing rate is the rate that reflects the interest a lessee would have to pay to borrow funds on a collateralized basis over a similar term and in a similar economic environment.</span></p> <p style="font: 10pt/8.05pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/97% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company recognizes the total interest expense incurred on finance lease liabilities under the caption “Interest expense and finance cost, net” in the Consolidated Statements of Operations. For the year ended December 31, 2023, the total interest expense incurred amounted to $<span id="xdx_90C_eus-gaap--FinanceLeaseInterestExpense_pn3n3_c20230101__20231231_zfJxN2sVSLg2">30,313</span>. For the year ended December 31, 2022, the total interest expense incurred amounted to $<span id="xdx_907_eus-gaap--FinanceLeaseInterestExpense_pn3n3_c20220101__20221231_zAfSatQDJjSi">12,243</span>. <span id="xdx_90D_eus-gaap--FinanceLeaseInterestExpense_pn3n3_do_c20210101__20211231_zmNEgBi1IYq5">No</span> interest expense on finance lease liabilities was incurred for the year ended December 31, 2021. As of December 31, 2023 and December 31, 2022, payments related to the finance lease liabilities amounted to $<span id="xdx_90D_ecustom--FinanceLeaseLiabilityPayments_iI_pn3n3_c20231231_z0i9N8yHZ0nl">26,172</span> and $<span id="xdx_900_ecustom--FinanceLeaseLiabilityPayments_iI_pn3n3_c20221231_zCNuuEgff7W8">10,389</span>, respectively, and are presented under the caption “Repayment of long-term debt and financial liabilities” in the Consolidated Statements of Cash Flows.</span></p> <p style="font: 10pt/8.45pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Credit Facilities and Financial Liabilities</b></span></p> <p style="font: 10pt/9.75pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/95% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The credit facilities and certain financial liabilities contain a number of restrictive covenants that prohibit or limit Navios Partners from, among other things: incurring or guaranteeing indebtedness; entering into affiliate transactions; charging, pledging or encumbering the vessels; changing the flag, class, management or ownership of Navios Partners’ vessels; changing the commercial and technical management of Navios Partners’ vessels; selling or changing the beneficial ownership or control of Navios Partners’ vessels; not maintaining Navios Holdings’, Angeliki Frangou’s or their affiliates’ ownership in Navios Partners of at least 5.0%; and subordinating the obligations under the credit facilities to any general and administrative costs related to the vessels, including the fixed daily fee payable under the Management Agreements (defined herein).</span></p> <p style="font: 10pt/8pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/105% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023 and December 31, 2022, the security deposits under certain sale and leaseback agreements were $<span id="xdx_901_eus-gaap--Deposits_iI_pn3n3_c20231231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleAndLeasebackTransactionAgreementsMember_za3449rTLFU9">0</span> and $<span id="xdx_906_eus-gaap--Deposits_iI_pn3n3_c20221231__us-gaap--SaleLeasebackTransactionDescriptionAxis__custom--SaleAndLeasebackTransactionAgreementsMember_zgCMLM1M1yhh">8,650</span>, respectively, and are presented under the caption “Other long-term assets” in the Consolidated Balance Sheets.</span></p> <p style="font: 10pt/7.35pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/105% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_900_eus-gaap--DebtInstrumentCovenantDescription_c20230101__20231231_ziak3AAz0LXj">The Company’s credit facilities and certain financial liabilities also require compliance with a number of financial covenants, including: (i) maintain a required security ranging over 110% to 140%; (ii) minimum free consolidated liquidity in an amount equal to $500 per owned vessel and a number of vessels as defined in the Company’s credit facilities and financial liabilities; (iii) maintain a ratio of EBITDA to interest expense of at least 2.00:1.00; (iv) maintain a ratio of total liabilities or total debt to total assets (as defined in the Company’s credit facilities and financial liabilities) ranging from less than 0.75 to 0.80; and (v) maintain a minimum net worth of $135,000.</span></span></p> <p style="font: 10pt/8.05pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/105% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">It is an event of default under the credit facilities and certain financial liabilities if such covenants are not complied with in accordance with the terms and subject to the prepayments or cure provisions of the facilities.</span></p> <p style="font: 10pt/7.35pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/105% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eus-gaap--DebtInstrumentCovenantCompliance_c20230101__20231231_zmZaTIln35mj">As of December 31, 2023, Navios Partners was in compliance with the financial covenants and/or the prepayments and/or the cure provisions, as applicable, in each of its credit facilities and certain financial liabilities</span>.</span></p> <p style="font: 10pt/7.35pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/105% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The annualized weighted average interest rates of the Company’s total borrowings were <span id="xdx_907_eus-gaap--LongtermDebtWeightedAverageInterestRate_iI_pip0_dp_uPure_c20231231_z1qVfxZQctCi">7.2</span>%, <span id="xdx_900_eus-gaap--LongtermDebtWeightedAverageInterestRate_iI_pip0_dp_uPure_c20221231_zt1Y9ZXPvk8a">5.3</span>% and <span id="xdx_90A_eus-gaap--LongtermDebtWeightedAverageInterestRate_iI_pip0_dp_uPure_c20211231_zfo5YFzEBrig">4.1</span>% for the years ended December 31, 2023, 2022 and 2021, respectively.</span></p> <p style="font: 10pt/105% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/105% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt/105% Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/11.2pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt/112% Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The maturity table below reflects the principal payments for the next five years and thereafter of all borrowings of Navios Partners outstanding as of December 31, 2023, based on the repayment schedules of the respective credit facilities, financial liabilities and finance lease liabilities (as described above).</span></p> <p style="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_893_eus-gaap--ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_zKrc1KpvBU3b" style="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B2_zTAY98KDk0Ii" style="display: none">Borrowings - Maturity of Long Term Debt</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; width: 90%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year</b></span></td> <td style="border-bottom: #CCEEFF 1pt solid; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_492_20231231_zLMmoS8guzHk" style="border-bottom: Black 1pt solid; width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Amount</b></span></td></tr> <tr id="xdx_409_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths_iI_pn3n3_z9YCtJ8pNujd" style="background-color: #CCEEFF"> <td style="vertical-align: bottom; line-height: 9.6pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024</span></td> <td style="vertical-align: bottom; text-align: right; line-height: 9.6pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="vertical-align: top; text-align: right; line-height: 9.6pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">290,709</span></td></tr> <tr id="xdx_40F_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_iI_pn3n3_zYG3tRxoNAG7"> <td style="vertical-align: bottom; width: 90%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</span></td> <td style="vertical-align: bottom; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="vertical-align: top; width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">481,799</span></td></tr> <tr id="xdx_40E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_iI_pn3n3_zmJABDoBlYgk" style="background-color: #CCEEFF"> <td style="vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2026</span></td> <td style="vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="vertical-align: top; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">280,452</span></td></tr> <tr id="xdx_40C_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour_iI_pn3n3_z6ZGGNwcA8Y8"> <td style="vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2027</span></td> <td style="vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="vertical-align: top; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">186,175</span></td></tr> <tr id="xdx_405_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive_iI_pn3n3_zsNOcXUyk7q7" style="background-color: #CCEEFF"> <td style="vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2028</span></td> <td style="vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="vertical-align: top; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">158,253</span></td></tr> <tr id="xdx_400_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive_iI_pn3n3_zgyvc7te15Bf"> <td style="border-bottom: #CCEEFF 1pt solid; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2029 and thereafter</span></td> <td style="border-bottom: #CCEEFF 1pt solid; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">481,589</span></td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities_iTI_pn3n3_zleMMyfWL7b6" style="background-color: #CCEEFF"> <td style="border-bottom: #CCEEFF 1pt solid; vertical-align: bottom; line-height: 9.6pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total</b></span></td> <td style="border-bottom: #CCEEFF 1pt solid; vertical-align: bottom; text-align: right; line-height: 9.6pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>$</b></span></td> <td style="border-bottom: Black 1pt solid; vertical-align: top; text-align: right; line-height: 9.6pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1,878,977</b></span></td></tr> </table> <p id="xdx_8A4_zX0yxM1PuV59" style="margin-top: 0; margin-bottom: 0pt"> </p>
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
30313000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
12243000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 usd
CY2023Q4 nmm Finance Lease Liability Payments
FinanceLeaseLiabilityPayments
26172000 usd
CY2022Q4 nmm Finance Lease Liability Payments
FinanceLeaseLiabilityPayments
10389000 usd
CY2023 us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
The Company’s credit facilities and certain financial liabilities also require compliance with a number of financial covenants, including: (i) maintain a required security ranging over 110% to 140%; (ii) minimum free consolidated liquidity in an amount equal to $500 per owned vessel and a number of vessels as defined in the Company’s credit facilities and financial liabilities; (iii) maintain a ratio of EBITDA to interest expense of at least 2.00:1.00; (iv) maintain a ratio of total liabilities or total debt to total assets (as defined in the Company’s credit facilities and financial liabilities) ranging from less than 0.75 to 0.80; and (v) maintain a minimum net worth of $135,000.
CY2023 us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
As of December 31, 2023, Navios Partners was in compliance with the financial covenants and/or the prepayments and/or the cure provisions, as applicable, in each of its credit facilities and certain financial liabilities
CY2023Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.072 pure
CY2022Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.053 pure
CY2021Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.041 pure
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
290709000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
481799000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
280452000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
186175000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
158253000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
481589000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1878977000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
240378000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
240378000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
157814000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
157814000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8797000 usd
CY2023Q4 nmm Restricted Cash Cash Equivalents Fair Value Disclosure
RestrictedCashCashEquivalentsFairValueDisclosure
8797000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17284000 usd
CY2022Q4 nmm Restricted Cash Cash Equivalents Fair Value Disclosure
RestrictedCashCashEquivalentsFairValueDisclosure
17284000 usd
CY2023Q4 us-gaap Other Investments
OtherInvestments
47000000 usd
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
47000000 usd
CY2022Q4 us-gaap Other Investments
OtherInvestments
0 usd
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
0 usd
CY2023Q4 us-gaap Other Receivable After Allowance For Credit Loss Noncurrent
OtherReceivableAfterAllowanceForCreditLossNoncurrent
39570000 usd
CY2023Q4 nmm Due From Related Parties Noncurrent Fair Value Disclosure
DueFromRelatedPartiesNoncurrentFairValueDisclosure
39570000 usd
CY2022Q4 us-gaap Other Receivable After Allowance For Credit Loss Noncurrent
OtherReceivableAfterAllowanceForCreditLossNoncurrent
41403000 usd
CY2022Q4 nmm Due From Related Parties Noncurrent Fair Value Disclosure
DueFromRelatedPartiesNoncurrentFairValueDisclosure
41403000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
32026000 usd
CY2023Q4 nmm Due To Related Parties Current Fair Value Disclosure
DueToRelatedPartiesCurrentFairValueDisclosure
32026000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
104751000 usd
CY2022Q4 nmm Due To Related Parties Current Fair Value Disclosure
DueToRelatedPartiesCurrentFairValueDisclosure
104751000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1393049000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1410563000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1556440000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1569972000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
240378000 usd
CY2023Q4 nmm Restricted Cash Cash Equivalents Fair Value Disclosure
RestrictedCashCashEquivalentsFairValueDisclosure
8797000 usd
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
47000000 usd
CY2023Q4 nmm Due From Related Parties Noncurrent Fair Value Disclosure
DueFromRelatedPartiesNoncurrentFairValueDisclosure
39570000 usd
CY2023Q4 nmm Due To Related Parties Current Fair Value Disclosure
DueToRelatedPartiesCurrentFairValueDisclosure
32026000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1410563000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
157814000 usd
CY2022Q4 nmm Restricted Cash Cash Equivalents Fair Value Disclosure
RestrictedCashCashEquivalentsFairValueDisclosure
17284000 usd
CY2022Q4 nmm Due From Related Parties Noncurrent Fair Value Disclosure
DueFromRelatedPartiesNoncurrentFairValueDisclosure
41403000 usd
CY2022Q4 nmm Due To Related Parties Current Fair Value Disclosure
DueToRelatedPartiesCurrentFairValueDisclosure
104751000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1569972000 usd
CY2023Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
3595000 usd
CY2022Q4 us-gaap Property Plant And Equipment Fair Value Disclosure
PropertyPlantAndEquipmentFairValueDisclosure
57402000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
0 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
0 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1001 shares
CY2023 us-gaap Common Stock Voting Rights
CommonStockVotingRights
Common unitholders have limited voting rights and the Company’s partnership agreement restricts the voting rights of common unitholders owning more than 4.9% of the Company’s common units.
CY2023Q4 nmm Capitalized Expenses
CapitalizedExpenses
47566000 usd
CY2021Q1 us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2021-02-12
CY2021Q1 us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.05
CY2021Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
579000 usd
CY2022Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
0 usd
CY2022Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
773000 usd
CY2022Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
5643000 usd
CY2022Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
17050000 usd
CY2022Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
18666000 usd
CY2022Q4 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
144163000 usd
CY2022Q4 us-gaap Contractual Obligation
ContractualObligation
186295000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
830176000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
605990000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
472550000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
387613000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
332176000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
478117000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3106622000 usd
CY2023 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
331653000 usd
CY2022 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
312022000 usd
CY2021 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
191449000 usd
CY2021Q1 us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2020-12-31
CY2021Q1 us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2021-02-09
CY2024Q1 us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2023-12-31
CY2024Q1 us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2024-02-12
CY2024Q1 us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2024-02-14
CY2024Q1 us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.05
CY2024Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1540000 usd
us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2021-03-31
us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2021-05-11
us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2021-05-14
us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.05
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1127000 usd
us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2021-06-30
us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2021-08-09
us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2021-08-12
us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.05
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1368000 usd
CY2021Q4 us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2021-09-30
CY2021Q4 us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2021-11-08
CY2021Q4 us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2021-11-12
CY2021Q4 us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.05
CY2021Q4 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1541000 usd
CY2022Q1 us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2021-12-31
CY2022Q1 us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2022-02-09
CY2022Q1 us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2022-02-11
CY2022Q1 us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.05
CY2022Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1541000 usd
us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2022-03-31
us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2022-05-09
us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2022-05-12
us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.05
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1541000 usd
us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2022-06-30
us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2022-08-09
us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2022-08-12
us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.05
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1541000 usd
us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2022-09-30
us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2022-11-08
us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2022-11-10
us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.05
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1540000 usd
CY2023Q1 us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2022-12-31
CY2023Q1 us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2023-02-10
CY2023Q1 us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2023-02-14
CY2023Q1 us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.05
CY2023Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1540000 usd
us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2023-03-31
us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2023-05-09
us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2023-05-12
us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.05
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1540000 usd
us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2023-06-30
us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2023-08-08
us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2023-08-11
us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.05
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1540000 usd
us-gaap Distribution Made To Limited Partner Declaration Date
DistributionMadeToLimitedPartnerDeclarationDate
2023-09-30
us-gaap Distribution Made To Limited Partner Date Of Record
DistributionMadeToLimitedPartnerDateOfRecord
2023-11-07
us-gaap Distribution Made To Limited Partner Distribution Date
DistributionMadeToLimitedPartnerDistributionDate
2023-11-13
us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.05
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1540000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
433645000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
579247000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
516186000 usd
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1001 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
42916 shares
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
86159000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
122290000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
36535000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
36108000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
35812000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
329157000 usd
CY2023Q4 nmm Operating Leases Future Minimum Payments Due I
OperatingLeasesFutureMinimumPaymentsDueI
646061000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
468414000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
177647000 usd

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