0001193125-24-106923 | 20-F | XBRL Viewer | Capital Product Partners LP

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Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Long-term debt, net - related party	$ 6,000	$ 6,000
General Partner unit	348,570	348,570
Limited Partners - Common units issued	55,909,665	20,821,946
Limited Partners - Common units outstanding	55,039,143	20,255,707
Treasury Units	870,522	566,239

Above / Below Market Acquired Charters

12 Months Ended

Dec. 31, 2023

Above Below Market Acquired Charters

Above / Below Market Acquired Charters

6. Above / Below Market Acquired Charters

During the year ended December 31, 2023, the Partnership acquired the LNG/C Amore Mio I with time charter daily rate being above the market rate for equivalent time charter prevailing at the time of acquisition (Note 5A). During the year ended December 31, 2023, the Partnership also acquired the M/V Buenaventura Express, the LNG/C Asterix I and the M/V Itajai Express with time charters attached to the vessels, with time charter daily rates being below market rates for equivalent time charters prevailing at the time of acquisitions (Note 5A). The fair value of the time charters attached to the vessels representing the difference between the time charters rates at which the vessels were fixed and the market rates for comparable charters as determined by reference to market data on the acquisition dates were recorded as “Above market acquired charters” under other non-current assets or “Below market acquired charters” under long-term liabilities in the consolidated balance sheet as of the acquisition dates respectively. The fair values of the time charters attached were determined using Level 2 inputs being market values on the acquisition dates (Note 9).

On December 15, 2023, the Partnership agreed to sell to an unaffiliated party the M/V Long Beach Express along with its time charter attached (Note 5). As a result, the partnership classified the unamortized below market acquired charter of the M/V Long Beach Express on that date as Below market acquired charter associated with vessel held for sale under current liabilities in the consolidated balance sheets.

During the year ended December 31, 2022, the Partnership acquired the M/V Manzanillo Express with time charter attached to the vessel, with time charter daily rate being at market rate for equivalent time charter prevailing at the time of acquisition (Note 5A). As a result, no above / below market acquired charter was recognized.

Above and below market acquired time charters are amortized or accreted using the straight-line method over the remaining period of the time charters acquired as a reduction or addition to time charter revenues. For the years ended December 31, 2023 and 2022 such amortization to time charter revenues for the above market acquired time charters amounted to $16,158 and $16,285, respectively. For the years ended December 31, 2023 and 2022 such accretion to time charter revenues for the below market acquired time charters amounted to $15,267 and $4,275, respectively.

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

		Above market acquired charters		Below market acquired charters
Carrying amount as at January 1, 2022	$	48,605	$	(14,643)
(Amortization) / accretion		(16,285)		4,275
Carrying amount as at December 31, 2022	$	32,320	$	(10,368)
Additions		67,227		(94,889)
(Amortization) / accretion		(16,158)		15,267
Transfer to below market acquired charter associated with vessel held for sale		—		1,447
Carrying amount as at December 31, 2023	$	83,389	$	(88,543)

6. Above / Below Market Acquired Charters - Continued

As of December 31, 2023, the remaining carrying amount of unamortized above / below market acquired time charters will be amortized / accreted in future years as follows:

For the year ending December 31,		Above market acquired charters		Below market acquired charters
2024	$	36,256	$	(16,352)
2025		28,820		(14,338)
2026		18,313		(13,004)
2027		—		(13,004)
2028		—		(13,040)
Thereafter		—		(18,805)
Total	$	83,389	$	(88,543)

Fixed Assets and Assets Held for Sale (Details Narrative) $ in Thousands		2 Months Ended	6 Months Ended			9 Months Ended	11 Months Ended	12 Months Ended
	Jan. 10, 2023 USD ($)	Feb. 17, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 20, 2023 USD ($)	Jun. 21, 2022 USD ($)	Oct. 12, 2022 USD ($) shares	Dec. 15, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 21, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Additions								$ 813,000
Assumption of debt								196,317		$ 0	$ 866,344
Advances for vessels under construction								279,783		0	0
Long-Term Debt, Gross								1,787,781		1,299,220
Advances for vessels under construction								174,400		24,000
Vessels additions								840,662
Addition on the vessels acquisition cost								27,662
Below market acquired charges								94,889
Above market acquired charges								67,227
Advance payment								8,702		7,534
Sale price agreed in Memorandum of Agreement										130,000
Impairment charge								$ 11,497		0	$ 0
Vessels under credit facilities provided as collateral [Member]
Property, Plant and Equipment [Line Items]
Number of vessels as collateral								3
Vessels Net								$ 437,959
Vessels under sale and lease back agreements [Member]
Property, Plant and Equipment [Line Items]
Vessels Net								$ 1,795,542
Number of vessels under of sales and lease back aggreements								11
Unencumbered vessels [Member]
Property, Plant and Equipment [Line Items]
Vessels Net								$ 272,651
Number of unencumbered vessels								9
Vessels held for sale								$ 14,236
M/V Amore Mio \| Umbrella Agreement [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Additions									$ 338,000
Assumption of debt									196,317
Advances for vessels under construction									141,683
M/V Buenaventura Express \| Master Agreement [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Additions				$ 122,500
Long-Term Debt, Gross				$ 100,000
Advances for vessels under construction												$ 6,000
LNG/C Asterix I \| Master Agreement [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Additions		$ 230,000
Advances for vessels under construction												12,000
Sale Leaseback Transaction, Gross Proceeds, Financing Activities		$ 184,000
M/V Itajai Express \| Master Agreement [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Additions	$ 122,500
Advances for vessels under construction												6,000
Sale Leaseback Transaction, Gross Proceeds, Financing Activities	$ 108,000
M/V Manzanillo Express \| Master Agreement [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Additions						$ 121,583
Long-Term Debt, Gross						$ 105,000
Advances for vessels under construction												$ 6,000
Common units transferred \| shares						505,204
Vessels' Improvements [Member]
Property, Plant and Equipment [Line Items]
Vessel improvement costs capitalized								19,755		1,873
Ballast Water Treatment Systems [Member]
Property, Plant and Equipment [Line Items]
Vessel improvement costs capitalized								411
Exhaust Gas Cleaning systems and Ballast Water Treatment systems [Member]
Property, Plant and Equipment [Line Items]
Vessel improvement costs capitalized								16,281		1,524
Advance payment								16,084		1,498
M/V Cape Agamemnon [Member]
Property, Plant and Equipment [Line Items]
Date of memorandum agreement			June 2023
Sale price agreed in Memorandum of Agreement			$ 22,000
Impairment charge			$ 11,157
Disposal Date			Nov. 07, 2023
M/V Archimidis [Member]
Property, Plant and Equipment [Line Items]
Sale price agreed in Memorandum of Agreement										65,000
Impairment charge										$ 0
Disposal Date										Jul. 06, 2022
Date of Memorandum Agreement										May 30, 2022
M/V Agamemnon [Member]
Property, Plant and Equipment [Line Items]
Sale price agreed in Memorandum of Agreement										$ 65,000
Impairment charge										$ 0
Disposal Date										Jul. 28, 2022
Date of Memorandum Agreement										May 30, 2022
Remaining vessels [Member] \| Vessel SPAs' [Member]
Property, Plant and Equipment [Line Items]
Advances for vessels under construction									138,100
Initial expenses								2,269
Vessel SPAs' [member] \| Umbrella Agreement [Member]
Property, Plant and Equipment [Line Items]
Advances for vessels under construction									$ 174,400
Percentage of aggregate acquisition price									10.00%
LNG/ C Axios II [Member] \| Vessel SPAs' [member]
Property, Plant and Equipment [Line Items]
Delivery Date									Jan. 02, 2024
M/V Buenaventura Express, LNG/C Asterix I and M/V Itajai Express [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Transfers and Changes								$ 24,000
Master agreement [member] \| CMTC \| Related Party [Member]
Property, Plant and Equipment [Line Items]
Advances for vessels under construction					$ 30,000
M/V Manzanillo Express [Member] \| CMTC \| Related Party [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Transfers and Changes					$ 6,000
M/V Long Beach Express [Member]
Property, Plant and Equipment [Line Items]
Sale price agreed in Memorandum of Agreement							$ 13,050
Impairment charge							$ 340
Disposal date							February 26, 2024

Voyage Expenses and Vessel Operating Expenses

12 Months Ended

Dec. 31, 2023

Voyage Expenses And Vessel Operating Expenses

Voyage Expenses and Vessel Operating Expenses

11. Voyage Expenses and Vessel Operating Expenses

Voyage expenses and vessel operating expenses consist of the following:


	For the years ended December 31,
		2023		2022		2021
Voyage expenses:
Commissions	$	6,781	$	6,134	$	4,278
Bunkers		5,418		7,365		4,204
Port expenses		2,246		1,819		1,633
Other		475		918		583
Total	$	14,920	$	16,236	$	10,698
Vessel operating expenses:
Crew costs and related costs	$	39,266	$	34,385	$	22,575
Insurance expense		6,529		5,261		4,029
Spares, repairs, maintenance and other expenses		13,871		8,103		6,784
Stores and lubricants		9,818		7,512		5,288
Management fees (Note 4)		11,337		9,610		6,295
Other operating expenses		4,868		2,589		2,151
Total	$	85,689	$	67,460	$	47,122

Long-Term Debt - Required Annual Loan Payments (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
2024	$ 105,911
2025	145,175
2026	271,022
2027	262,921
2028	393,196
Thereafter	609,556
Total	$ 1,787,781	$ 1,299,220

Fixed Assets and Assets Held for Sale - Advances for vessels under construction (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Advances for vessels under construction	$ 279,783	$ 0	$ 0
Vessels Under Construction [Member]
Balance as at beginning of period	0
Advances for vessels under construction	140,369
Balance as at end of period	$ 140,369	$ 0

Above / Below market acquired time charters (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Beginning at carrying amount	$ 32,320
Beginning at carrying amount	(10,368)
(Amortization) / accretion	(16,158)	$ (16,285)
(Amortization) / accretion	15,267	4,275
Ending at carrying amount	83,389	32,320
Ending at carrying amount	(88,543)	(10,368)
Above Market Acquired Charters [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Beginning at carrying amount	32,320	48,605
(Amortization) / accretion	(16,158)	(16,285)
Additions	67,227
Transfer to below market acquired charter associated with vessel held for sale	0
Ending at carrying amount	83,389	32,320
Below Market Acquired Charters [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Beginning at carrying amount	(10,368)	(14,643)
(Amortization) / accretion	15,267	4,275
Additions	(94,889)
Transfer to below market acquired charter associated with vessel held for sale	1,447
Ending at carrying amount	$ (88,543)	$ (10,368)

Derivative Instruments - Schedule of Derivative instruments (Assets/ Liabilities) at fair value (Table) (Details) € in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2022 EUR (€)
Offsetting Assets [Line Items]
Total fair value of derivative asset	$ 6,636	$ 0
Total fair value of derivative liabilities	$ 7,180	$ 13,525
Cross currency swap agreement \| Derivative asset [Member]
Offsetting Assets [Line Items]
Effective date	26/07/2022
Termination date	26/07/2029
Notional Amount in EURO \| €			€ 100,000
Notional Amount in United States Dollars	$ 101,800
Fixed Rate the Partnership receives in EURO	4.40%		4.40%
Fixed Rate the Partnership pays in United States Dollars	6.55%		6.55%
Total fair value of derivative asset	$ 6,636
Cross currency swap agreement A \| Derivative liability [Member]
Offsetting Assets [Line Items]
Effective date	21/10/2021	21/10/2021
Termination date	21/10/2025	21/10/2025
Notional Amount in EURO \| €			€ 120,000	€ 120,000
Notional Amount in United States Dollars	$ 139,716	$ 139,716
Fixed Rate the Partnership receives in EURO	2.65%	2.65%	2.65%	2.65%
Fixed Rate the Partnership pays in United States Dollars	3.66%	3.66%	3.66%	3.66%
Total fair value of derivative liabilities	$ 5,758	$ 10,068
Cross currency swap agreement B \| Derivative liability [Member]
Offsetting Assets [Line Items]
Effective date	21/10/2021	21/10/2021
Termination date	21/10/2025	21/10/2025
Notional Amount in EURO \| €			€ 30,000	€ 30,000
Notional Amount in United States Dollars	$ 34,929	$ 34,929
Fixed Rate the Partnership receives in EURO	2.65%	2.65%	2.65%	2.65%
Fixed Rate the Partnership pays in United States Dollars	3.69%	3.69%	3.69%	3.69%
Total fair value of derivative liabilities	$ 1,422	$ 2,641
Cross currency swap agreement C \| Derivative liability [Member]
Offsetting Assets [Line Items]
Effective date		26/07/2022
Termination date		26/07/2029
Notional Amount in EURO \| €				€ 100,000
Notional Amount in United States Dollars		$ 101,800
Fixed Rate the Partnership receives in EURO		4.40%		4.40%
Fixed Rate the Partnership pays in United States Dollars		6.55%		6.55%
Total fair value of derivative liabilities		$ 816

Revenues (Tables)

12 Months Ended

Dec. 31, 2023

Revenues

Revenues - Disaggregation of revenue (Table)

		For the years ended December 31,
		2023		2022		2021
Time charters (operating leases)	$	349,628	$	283,962	$	171,134
Voyage charters		10,958		15,109		13,531
Total	$	360,586	$	299,071	$	184,665

Above / Below market acquired time charters - Amortization Schedule (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Total	$ 83,389	$ 32,320
Total	(88,543)	(10,368)
Above Market Acquired Charters [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
2024	36,256
2025	28,820
2026	18,313
2027	0
2028	0
Thereafter	0
Total	83,389	32,320	$ 48,605
Below Market Acquired Charters [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
2024	(16,352)
2025	(14,338)
2026	(13,004)
2027	(13,004)
2028	(13,040)
Thereafter	(18,805)
Total	$ (88,543)	$ (10,368)	$ (14,643)

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

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

Recurring Measurements:		December 31, 2023		Quoted prices in active markets for identical assets (Level 1)		Significant other Observable inputs (Level 2)		Unobservable Inputs (Level 3)
Cross Currency SWAP (100,000) – asset position	$	6,636	$	–	$	6,636	$	–
Cross Currency SWAP (120,000) – liability position		(5,758)		–		(5,758)		–
Cross Currency SWAP (30,000) – liability position		(1,422)		–		(1,422)		–
Total	$	(544)	$	–	$	(544)	$	–

As of December 31, 2022:

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

Recurring Measurements:		December 31, 2022		Quoted prices in active markets for identical assets (Level 1)		Significant other Observable inputs (Level 2)		Unobservable Inputs (Level 3)
Cross Currency SWAP (100,000) - liability position	$	(10,068)	$	–	$	(10,068)	$	–
Cross Currency SWAP (120,000) – liability position		(2,641)		–		(2,641)		–
Cross Currency SWAP (30,000) – liability position		(816)		–		(816)		–
Total	$	(13,525)	$	–	$	(13,525)	$	–

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Long-Term Debt - Bank Loans (Table)

			As of December 31, 2023		As of December 31, 2022	Rate of interest
	*Credit facilities*
(i)	Issued in January 2021 maturing in February 2026 (the “CMTC Seller’s Credit”)	$	6,000	$	6,000	Fixed rate
(ii)	Assumed in December 2021 maturing in December 2027 (the “2021 credit facility”)		101,087		110,827	Margin + Secured Overnight Financing Rate (“SOFR”)
(iii)	Issued in October 2022 maturing in October 2028 (the “2022 credit facility”)		99,680		105,000	Margin + SOFR
(iv)	Issued in June 2023 maturing in June 2031 (the “2023 credit facility”)		96,875		—	Margin + SOFR
	*Sale and lease back agreements*
(v)	Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”)		26,500		29,700	Margin + SOFR
(vi)	Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”)		26,500		29,700	Margin + SOFR
(vii)	Issued in May 2020 maturing in May 2027 (the “ICBCFL”)		38,332		41,996	Margin + SOFR
(viii)	Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”)		—		8,083	Margin +SOFR
(ix)	Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”)		—		8,083	Margin + SOFR
(x)	Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”)		—		8,083	Margin + SOFR
(xi)	Assumed in September 2021 maturing in October 2027 (the “2021 Bocomm”)		126,479		138,888	Margin + SOFR
(xii)	Assumed in September 2021 maturing in May 2028 (the “2021 Bocomm”)		120,232		132,217	Margin + SOFR
(xiii)	Assumed in November 2021 maturing in August 2028 (the “2021 CMBFL - LNG/C”)		130,873		139,183	Margin + SOFR
(xiv)	Assumed in November 2021 maturing in September 2028 (the “2021 CMBFL - LNG/C”)		129,829		138,072	Margin + SOFR
(xv)	Assumed in November 2021 maturing in July 2036 (the “2021 Shin Doun”)		130,715		136,778	Fixed rate
(xvi)	Issued in December 2022 maturing in January 2031 (the “2022 Jolco”)		104,284		—	($71,884: Margin + SOFR, $32,400: Fixed rate)
(xvii)	Issued in February 2023 maturing in February 2033 (the “2023 CMBFL - LNG/C”)		177,438		—	Margin + SOFR
(xviii)	Assumed in December 2023 maturing in October 2033 (the “2023 CMBFL - LNG/C AMI”)		196,317		—	Margin + SOFR
	*Unsecured Bonds*
(xix)	Issued in October 2021 maturing in October 2026 (the “2021 Bonds”)		165,984		159,966	Fixed rate
(xx)	Issued in July 2022 maturing in July 2029 (the “2022 Bonds”)		110,656		106,644	Fixed rate
	Total long-term debt		1,787,781		1,299,220
	Less: Deferred loan and financing arrangements issuance costs		12,486		10,142
	Total long-term debt, net		1,775,295		1,289,078
	Less: Current portion of long-term debt		105,911		75,438
	Add: Current portion of deferred loan and financing arrangements issuance costs		2,795		2,225
	Long-term debt, net	$	1,672,179	$	1,215,865

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

For the year ending December 31,		Amount
2024	$	105,911
2025		145,175
2026		271,022
2027		262,921
2028		393,196
Thereafter		609,556
Total	$	1,787,781

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies - Future minimum charter hire receipts (Table)

Year ending December 31,		Amount
2024	$	403,278
2025		331,377
2026		200,151
2027		153,803
2028		142,781
Thereafter		330,378
Total	$	1,561,768

Commitments and Contingencies - Vessels under construction commitments (Table)

Year ending December 31,		Initial Vessels		Remaining Vessels		Total
2024	$	1,083,600	$	101,100	$	1,184,700
2025		—		126,050		126,050
2026		486,000		375,550		861,550
2027		—		307,200		307,200
Total	$	1,569,600	$	909,900	$	2,479,500

Commitments and Contingencies - Supervision services commitments (Table)

Year ending December 31,		Amount
2024	$	—
2025		2,000
2026		1,000
2027		1,000
Total	$	4,000

Accrued Liabilities

12 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

Accrued Liabilities

10. Accrued Liabilities

Accrued liabilities consist of the following:

Accrued liabilities (Table)


	As of December 31,
		2023		2022
Accrued loan interest and loan fees	$	11,136	$	8,139
Accrued operating expenses		10,452		4,746
Accrued capitalized expenses		2,930		1,246
Accrued voyage expenses and commissions		2,170		2,003
Accrued general and administrative expenses		1,865		1,342
Total	$	28,553	$	17,476

Derivative Instruments - Summary of Gain (Loss) on Change in Fair Value of Derivatives - Derivative Designated as Accounting Hedge (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Total gain/ (loss) recognized in accumulated other comprehensive income	$ 3,180	$ (4,766)	$ 0
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Cross-currency swap agreement related to 2022 Bonds	5,286	(1,757)	0
Reclassification to other income / (expense), net	(2,106)	(3,009)	0
Total gain/ (loss) recognized in accumulated other comprehensive income	$ 3,180	$ (4,766)	$ 0

Omnibus Incentive Compensation Plan (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Unvested shares, beginning of period	495,867	0
Unvested value, beginning of period	$ 7,528	$ 0
Granted, shares	0	745,769
Granted, value	$ 0	$ 11,318
Vested, shares	(247,933)	(249,902)
Vested, value	$ (3,759)	$ (3,790)
Unvested shares, end of period	247,934	495,867
Unvested shares, end of period	$ 3,769	$ 7,528

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenues (Note 3)	$ 360,586	$ 299,071	$ 184,665
Expenses / (income), net:
Voyage expenses (Note 11)	14,920	16,236	10,698
Vessel operating expenses (Note 11)	74,790	58,288	41,199
Vessel operating expenses - related parties (Notes 4, 11)	10,899	9,172	5,923
General and administrative expenses (including $2,564, $2,244 and $2,013 to related parties, for the years ended December 31, 2023, 2022 and 2021, respectively) (Notes 4, 14)	13,445	10,681	8,662
Vessel depreciation and amortization (Note 5)	84,199	69,272	46,935
Gain on sale of vessels (Note 5)	0	(47,275)	(46,812)
Impairment of vessels (Note 5)	11,497	0	0
Operating income, net	150,836	182,697	118,060
Other income / (expense), net:
Interest expense and finance cost (Note 7)	(104,858)	(55,421)	(20,129)
Other income / (expense), net	1,230	(1,855)	247
Total other expense, net	(103,628)	(57,276)	(19,882)
Partnership’s net income	47,208	125,421	98,178
General Partner’s interest in Partnership’s net income (Note 15)	680	2,157	1,790
Partnership’s net income allocable to unvested units (Note 15)	929	3,662	2,053
Common unit holders’ interest in Partnership’s net income (Note 15)	$ 45,599	$ 119,602	$ 94,335
Net income per (Note 15):
Earnings Per Share, Diluted	$ 2.15	$ 6.19	$ 5.14
Earnings Per Share, Basic	$ 2.15	$ 6.19	$ 5.14
Weighted Average Number of Shares Outstanding, Diluted	21,182,471	19,325,030	18,342,413
Weighted Average Number of Shares Outstanding, Basic	21,182,471	19,325,030	18,342,413
Other comprehensive loss:
Unrealized income/ (loss) on derivative instruments (Note 8)	$ 3,180	$ (4,766)	$ 0
Partnership’s comprehensive income	$ 50,388	$ 120,655	$ 98,178

Basis of Presentation and General Information - LNG/ Cs vessels acquired (Table) (Details)	12 Months Ended
	Dec. 31, 2023
Hull 3315 - LNG/C Amore Mio I [Member]
Capacity in Cubic Meters (“CBM”)	174,000
Delivery/ Expected delivery date	Delivered on December 21, 2023
Hull 3316 - LNG/C Axios II [Member] \| Initial Vessels [Member]
Capacity in Cubic Meters (“CBM”)	174,000
Delivery/ Expected delivery date	Delivered on January 2, 2024
Hull 3341 - LNG/C Assos [Member] \| Initial Vessels [Member]
Capacity in Cubic Meters (“CBM”)	174,000
Delivery/ Expected delivery date	May 2024
Hull 3342 - LNG/C Apostolos [Member] \| Initial Vessels [Member]
Capacity in Cubic Meters (“CBM”)	174,000
Delivery/ Expected delivery date	June 2024
Hull 8140 - LNG/C Aktoras [Member] \| Initial Vessels [Member]
Capacity in Cubic Meters (“CBM”)	174,000
Delivery/ Expected delivery date	July 2024
Hull 8198 - LNG/C Archimidis [Member] \| Initial Vessels [Member]
Capacity in Cubic Meters (“CBM”)	174,000
Delivery/ Expected delivery date	January 2026
Hull 8199 - LNG/C Agamemnon [Member] \| Initial Vessels [Member]
Capacity in Cubic Meters (“CBM”)	174,000
Delivery/ Expected delivery date	March 2026
Hull 8202 - LNG/C Alcaios I [Member] \| Remaining Vessels [Member]
Capacity in Cubic Meters (“CBM”)	174,000
Delivery/ Expected delivery date	September 2026
Hull 8203 - LNG/C Antaios I [Member] \| Remaining Vessels [Member]
Capacity in Cubic Meters (“CBM”)	174,000
Delivery/ Expected delivery date	November 2026
Hull 8206 - LNG/C Athlos [Member] \| Remaining Vessels [Member]
Capacity in Cubic Meters (“CBM”)	174,000
Delivery/ Expected delivery date	February 2027
Hull 8207 - LNG/C Archon [Member] \| Remaining Vessels [Member]
Capacity in Cubic Meters (“CBM”)	174,000
Delivery/ Expected delivery date	March 2027

Fixed Assets and Assets Held for Sale - Vessels, net (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Vessel acquisitions	$ 840,662
Vessel disposals		$ (80,533)
Impairment of vessel	(11,497)	0	$ 0
Vessel Cost [Member]
Property, Plant and Equipment [Line Items]
Balance as at beginning of period	1,979,658	1,999,894
Vessel acquisitions	840,662	121,583
Vessel disposals	(52,963)	(143,692)
Improvements	19,755	1,873
Impairment of vessel	(11,497)
Classification as asset held for sale	(17,814)
Balance as at end of period	2,757,801	1,979,658	1,999,894
Accumulated depreciation [Member]
Property, Plant and Equipment [Line Items]
Balance as at beginning of period	(221,761)	(218,036)
Vessel disposals	34,824	63,159
Depreciation for the year	(82,526)	(66,884)
Classification as asset held for sale	3,578
Balance as at end of period	(265,885)	(221,761)	(218,036)
Net book value [Member]
Property, Plant and Equipment [Line Items]
Balance as at beginning of period	1,757,897	1,781,858
Vessel acquisitions	840,662	121,583
Vessel disposals	(18,139)	(80,533)
Improvements	19,755	1,873
Depreciation for the year	(82,526)	(66,884)
Impairment of vessel	(11,497)
Classification as asset held for sale	(14,236)
Balance as at end of period	$ 2,491,916	$ 1,757,897	$ 1,781,858

Long-Term Debt

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Long-Term Debt

7. Long-Term Debt

Long-term debt consists of the following credit facilities, sale and lease back agreements, seller’s credits and unsecured bonds collectively the “financing arrangements”. As of December 31, 2023 and 2022, the following amounts were outstanding under our financing arrangements:

Long-Term Debt - Bank Loans (Table)

			As of December 31, 2023		As of December 31, 2022	Rate of interest
	*Credit facilities*
(i)	Issued in January 2021 maturing in February 2026 (the “CMTC Seller’s Credit”)	$	6,000	$	6,000	Fixed rate
(ii)	Assumed in December 2021 maturing in December 2027 (the “2021 credit facility”)		101,087		110,827	Margin + Secured Overnight Financing Rate (“SOFR”)
(iii)	Issued in October 2022 maturing in October 2028 (the “2022 credit facility”)		99,680		105,000	Margin + SOFR
(iv)	Issued in June 2023 maturing in June 2031 (the “2023 credit facility”)		96,875		—	Margin + SOFR
	*Sale and lease back agreements*
(v)	Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”)		26,500		29,700	Margin + SOFR
(vi)	Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”)		26,500		29,700	Margin + SOFR
(vii)	Issued in May 2020 maturing in May 2027 (the “ICBCFL”)		38,332		41,996	Margin + SOFR
(viii)	Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”)		—		8,083	Margin +SOFR
(ix)	Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”)		—		8,083	Margin + SOFR
(x)	Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”)		—		8,083	Margin + SOFR
(xi)	Assumed in September 2021 maturing in October 2027 (the “2021 Bocomm”)		126,479		138,888	Margin + SOFR
(xii)	Assumed in September 2021 maturing in May 2028 (the “2021 Bocomm”)		120,232		132,217	Margin + SOFR
(xiii)	Assumed in November 2021 maturing in August 2028 (the “2021 CMBFL - LNG/C”)		130,873		139,183	Margin + SOFR
(xiv)	Assumed in November 2021 maturing in September 2028 (the “2021 CMBFL - LNG/C”)		129,829		138,072	Margin + SOFR
(xv)	Assumed in November 2021 maturing in July 2036 (the “2021 Shin Doun”)		130,715		136,778	Fixed rate
(xvi)	Issued in December 2022 maturing in January 2031 (the “2022 Jolco”)		104,284		—	($71,884: Margin + SOFR, $32,400: Fixed rate)
(xvii)	Issued in February 2023 maturing in February 2033 (the “2023 CMBFL - LNG/C”)		177,438		—	Margin + SOFR
(xviii)	Assumed in December 2023 maturing in October 2033 (the “2023 CMBFL - LNG/C AMI”)		196,317		—	Margin + SOFR
	*Unsecured Bonds*
(xix)	Issued in October 2021 maturing in October 2026 (the “2021 Bonds”)		165,984		159,966	Fixed rate
(xx)	Issued in July 2022 maturing in July 2029 (the “2022 Bonds”)		110,656		106,644	Fixed rate
	Total long-term debt		1,787,781		1,299,220
	Less: Deferred loan and financing arrangements issuance costs		12,486		10,142
	Total long-term debt, net		1,775,295		1,289,078
	Less: Current portion of long-term debt		105,911		75,438
	Add: Current portion of deferred loan and financing arrangements issuance costs		2,795		2,225
	Long-term debt, net	$	1,672,179	$	1,215,865

7. Long-Term Debt – Continued

Changes in the financing arrangements for the years 2023 and 2022 are as follows:

·	*For the year 2023*

“Umbrella Seller’s Credit”

On December 21, 2023, upon entering the Umbrella Agreement the Partnership entered into an unsecured seller’s credit agreement with CMTC, the “Umbrella Seller’s Credit” in an amount of up to $220,000 in order to finance a portion of the purchase price of the 11 new 174,000 CBM LNG/C vessels under construction (Note 1). The Umbrella Seller’s Credit provides for interest at a rate of 7.5% per annum and has a maturity date of June 30, 2027. On January 2, 2024, upon the delivery of the LNG/C Axios II, the Partnership used a portion of $92,600 (Note 17).

“2023 Jolco LNG/C Assos”

On December 22, 2023, the vessel-owning company of the LNG/C Assos entered into a new sale and lease back agreement, the “2023 Jolco LNG/C Assos”, of up to $240,000, for the purpose of partially financing the acquisition of the shares of the vessel-owning company of the LNG/C Assos, with the Partnership acting as a parent guarantor (Note 1). The amount of the sale and lease back agreement is expected to be drawn, subject to the provisions of the sale and lease back agreement, upon the completion of the acquisition of the vessel from CMTC in May 2024.

“2024- Axios II credit facility”

On December 20, 2023, the vessel-owning company of the LNG/C Axios II entered into a new credit facility, the “2024-Axios II credit facility”, of up to $190,000, for the purpose of partially financing the construction of the vessel (Note 5A). The Partnership is acting as a parent guarantor. The Partnership assumed the full amount of the facility on January 2, 2024, upon the completion of the acquisition of the vessel from CMTC. The facility has a duration of seven years.

“2023 CMBFL - LNG/C AMI” (xviii)

On December 21, 2023, upon the completion of the acquisition of the shares of the vessel-owning company of the LNG/C Amore Mio I (Note 5A) the Partnership assumed the outstanding balance of $196,317 of the sale and leaseback agreement that the vessel-owning company had entered into with a subsidiary of CMB Financial Leasing Co., Ltd (“CMBFL”). The lease agreement has remaining duration, from the date of the vessels’ acquisition from the Partnership of 10 years.

“2023 credit facility” (iv)

On June 13, 2023, the Partnership entered into a new credit facility, the “2023 credit facility”, of up to $100,000, for the purpose of partially financing the acquisition of the shares of the vessel-owning company of the M/V Buenaventura Express (Note 5A). The full amount of the facility was drawn on June 15, 2023, and has a duration of eight years.

“2021 CMBFL - Panamax” (viii), (ix) and (x)

On March 14, 2023, the Partnership fully repaid the 2021 CMBFL - Panamax sale and lease back agreements, with original maturity in February 2026, amounting to $23,423.

“2023 CMBFL - LNG/C” (xvii)

On February 7, 2023, the Partnership entered into a new sale and lease back agreement, the “2023 CMBFL - LNG/C”, of up to $184,000, for the purpose of partially financing the acquisition of the shares of the vessel-owning company of the LNG/C Asterix I (Note 5A). The full amount of the sale and lease back agreement was drawn on February 17, 2023, and has duration of 10 years.

·	*For the year 2022*

“2022 Jolco” (xvi)

On December 23, 2022, the Partnership entered into a new sale and lease back agreement of up to $108,000, for the purpose of partially financing the acquisition of the shares of the vessel-owning company of the M/V Itajai Express (Notes 5A). The full amount of the sale and lease back agreement was drawn on January 6, 2023 and has a duration of eight years.

“2022 credit facility” (iii)

On October 6, 2022, the Partnership entered into a new credit facility of up to $105,000, for the purpose of partially financing the acquisition of the shares of the vessel-owning company of the M/V Manzanillo Express (Note 5A). The full amount of the facility was drawn on October 11, 2022 and has a duration of six years.

“2017 credit facility”

On August 10, 2022, the Partnership fully repaid the remaining balance of the 2017 credit facility, amounting to $65,822. On July 28, and July 6, 2022, the Partnership repaid part of the 2017 credit facility, amounting to $14,228 and $13,789 as a result of the sale of the M/V Agamemnon and the M/V Archimidis respectively (Note 5A).

“2020 credit facility”

On August 5, 2022, the Partnership fully repaid the remaining balance of the 2020 credit facility, amounting to $29,900.

“CGC Seller’s Credits”

On July 8, 2022, the Partnership fully repaid the amount of $10,000 in line with the two CGC Seller’s Credits that the Partnership entered into on August 31, 2021 in order to defer $5,000 of the purchase price of each of the LNG/C Aristos I and the LNG/C Aristarchos, acquired on September 3, 2021 (Note 4). The CGC Seller’s Credits bared no interest and were payable within one year of the vessel’s delivery date.

Long-Term Debt – Continued

“2022 Bonds” (xx)

On July 22, 2022, the Partnership, through its wholly owned subsidiary, CPLP PLC (the “Issuer”), issued unsecured bonds on the Athens Stock Exchange of an amount of €100,000,000 or $106,664 (translated as of December 31, 2022). The 2022 Bonds are guaranteed by the Partnership and have a seven year duration and pay a fixed coupon of 4.40%, payable semi-annually. The settlement occurred on July 26, 2022.

The 2022 and 2021 Bonds contain requirements such as that the ratio of EBITDA to net interest expenses be no less than 2:1, a restricted cash requirement and that the ratio of net total indebtedness to the total assets of the Partnership adjusted for the market value of the fleet not exceed 0.75:1. In addition, the 2022 and 2021 Bonds require that:

	·	the Partnership maintain a pledged Debt Service Reserve Account (“DSRA”) with a minimum balance €100,000;
	·	the Partnership deposit to the DSRA 50% of any cash disbursements to unitholders (e.g., dividends) exceeding $20,000 per annum, capped at 1/3 of the par value of the 2022 and 2021 Bonds outstanding at the time; and
	·	if the Partnership’s Market Value Adjusted Net Assets (“MVAN”) falls below $300,000 then to deposit to the DSRA the difference between the MVAN and the $300,000 (capped to 1/3 of the par value of the 2022 and 2021 Bonds outstanding).

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

During the year ended December 31, 2023, the Partnership prepaid the amount of $23,423 and repaid the amount of $86,363, in line with the amortization schedule of its financing arrangements.

During the year ended December 31, 2022, the Partnership prepaid the amount of $133,739, as a result from the sale of its vessels (Note 5A) and the full repayment of 2017 and 2020 credit facilities respectively, and repaid the amount of $85,215, in line with the amortization schedule of its financing arrangements.

The Partnership’s credit facilities and sale and lease back agreements contain customary ship finance covenants, including restrictions on changes in management and ownership of the mortgaged vessels, the incurrence of additional indebtedness and the mortgaging of vessels and requirements such as that the ratio of EBITDA to net interest expenses be no less than 2:1, a minimum cash requirement of $500 per vessel, that the ratio of net total indebtedness to the total assets of the Partnership adjusted for the market value of the fleet not exceed 0.75:1. The Partnership’s financing arrangements also contain a collateral maintenance requirement under which the aggregate fair market value of the collateral vessels should not be less than 125% of the outstanding amounts under the 2022 credit facility and the ICBCFL, 120% of the outstanding amount under the 2023 credit facility, the 2020 CMBFL, the 2021 CMBFL-Panamax and the 2021 credit facility, 110% of the outstanding amount under the 2023 CMBFL - LNG/C AMI, the 2023 CMBFL - LNG/C and the 2021 CMBFL-LNG/C and 111% of the outstanding amount under the 2021 Bocomm. Also, the vessel-owning companies may pay dividends or make distributions only when no event of default has occurred and the payment of such dividend or distribution has not resulted in a breach of any of the financial covenants. As of December 31, 2023 and 2022 the Partnership was in compliance with all financial covenants.

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

As of December 31, 2023, an amount of $127,400 was remaining available to be drawn under the Umbrella Seller’s Credit. Furthermore, an amount of up to $240,000, pursuant to the sale and lease back agreement the Partnership entered into on December 22, 2023, was remaining available to be drawn for the purpose of partially financing the acquisition of the shares of the vessel-owning company of the LNG/C Assos. The amount is expected to be drawn, upon the completion of the acquisition of the vessel from CMTC in May, 2024.

For the years ended December 31, 2023, 2022 and 2021, the Partnership recorded interest expense of $101,769, $52,465 and $16,586 respectively, which is included in “Interest expense and finance cost” in the consolidated statements of comprehensive income.

For the years ended December 31, 2023, 2022 and 2021 the weighted average interest on the Partnership’s long-term debt was 6.4%, 4.1% and 2.9% respectively.

As of December 31, 2023, the required annual payments to be made subsequently to December 31, 2023, are as follows:

For the year ending December 31,		Amount
2024	$	105,911
2025		145,175
2026		271,022
2027		262,921
2028		393,196
Thereafter		609,556
Total	$	1,787,781

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Partners’ Capital (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Partners’ Capital - Schedule of Distributions (Table)

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

Partners’ Capital - Partnership units (Table)


	As of December 31,
	2023	2022
Common units	55,039,143	20,255,707
General partner units	348,570	348,570
Treasury Units	870,522	566,239
Total partnership units	56,258,235	21,170,516

Consolidated Statements of Changes in Partners' Capital (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Limited Partner [Member]
Distributions declared and paid	$ 0.60	$ 0.60	$ 0.40

Revenues - Disaggregation of revenue (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues	$ 360,586	$ 299,071	$ 184,665
Time charters (operating leases) [Member]
Revenues	349,628	283,962	171,134
Voyage charters [Member]
Revenues	$ 10,958	$ 15,109	$ 13,531

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Omnibus Incentive Compensation Plan

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Omnibus Incentive Compensation Plan

14. Omnibus Incentive Compensation Plan

In January 2022, the board of directors adopted an amended and restated Compensation Plan (the “Plan”), to reserve for issuance a maximum number of 750,000 restricted common units. As a result, the total number of restricted common units reserved and issued is 1,045,000. On March 18, 2022, the Partnership awarded 743,800 unvested units to Employees and Non-Employees with a grant-date fair value of $15.18 per unit. Awards granted to certain Employees and Non-Employees would vest in three equal installments. One third of the units awarded, namely 247,933 and 247,933 units vested on December 31, 2023 and 2022. On December 30, 2022, the Partnership awarded 1,969 unvested units with a grant-date fair value of $13.65 per unit. The units were fully vested on December 31, 2022.

The unvested units accrue distributions as declared and paid, which distributions are retained by the custodian of the Plan until the vesting date at which time they are payable to the grantee. As unvested unit grantees accrue distributions on awards that are expected to vest, such distributions are charged to Partners’ capital. As of December 31, 2023, the unvested units accrued $260 of distributions.

There were no forfeitures of awards during the years ended December 31, 2023 and 2022. The Partnership estimated the forfeitures of unvested units to be immaterial.

For the years ended December 31, 2023, 2022 and 2021 the equity compensation expense included in “General and administrative expenses” in the consolidated statements of comprehensive income was $3,786, $3,790 and $2,043, respectively. As of December 31, 2023, the total compensation cost relating to non-vested awards was $3,769 and is expected to be recognized over a period of one year. The Partnership uses the straight-line method to recognize the cost of the awards.

The following table contains details of our plan:

	Equity compensation plan
Unvested Units	Units		Value
Unvested on January 1, 2022	—		—
Granted	745,769		11,318
Vested	(249,902)		(3,790)
Unvested on December 31, 2022	495,867	$	7,528
Granted	—		—
Vested	(247,933)		(3,759)
Unvested on December 31, 2023	247,934	$	3,769

Fixed Assets and Assets Held for Sale (Tables)

12 Months Ended

Dec. 31, 2023

Fixed Assets And Assets Held For Sale

Fixed Assets and Assets Held for Sale - Vessels, net (Table)

	Vessel cost		Accumulated depreciation		Net book value
Balance as at January 1, 2022	$	1,999,894	$	(218,036)	$	1,781,858
Vessel acquisitions		121,583		—		121,583
Vessel disposals		(143,692)		63,159		(80,533)
Improvements		1,873		—		1,873
Depreciation for the year		—		(66,884)		(66,884)
Balance as at December 31, 2022	$	1,979,658	$	(221,761)	$	1,757,897
Vessel acquisitions		840,662		—		840,662
Vessel disposals		(52,963)		34,824		(18,139)
Improvements		19,755		—		19,755
Depreciation for the year		—		(82,526)		(82,526)
Impairment of vessel		(11,497)		—		(11,497)
Classification as asset held for sale		(17,814)		3,578		(14,236)
Balance as at December 31, 2023	$	2,757,801	$	(265,885)	$	2,491,916

Fixed Assets and Assets Held for Sale - Disposals (Table)

Vessel		M/V Agamemnon		M/V Archimidis		Total
Sale price	$	65,000	$	65,000	$	130,000
Carrying value on sale		(41,806)		(38,727)		(80,533)
Other sale expenses		(1,099)		(1,093)		(2,192)
Gain on sale	$	22,095	$	25,180	$	47,275

Fixed Assets and Assets Held for Sale - Advances for vessels under construction (Table)

		Vessels under construction cost
Balance as at January 1, 2022	$	—
Balance as at December 31, 2022	$	—
Advances for vessels under construction		140,369
Balance as at December 31, 2023	$	140,369

Fixed Assets and Assets Held for Sale - Advances for vessels under construction - related party (Table)

		Advances for vessels under construction-related party
Balance as at January 1, 2022	$	—
Advances for vessels under construction-related party		30,000
Transfer to vessels, net		(6,000)
Balance as at December 31, 2022	$	24,000
Transfer to vessels, net		(24,000)
Advances for vessels under construction-related party		174,400
Balance as at December 31, 2023	$	174,400

Fixed Assets and Assets Held for Sale - Assets held for sale (Table)

		Assets held for sale
Balance as at January 1, 2023	$	–
Vessel held for sale		14,236
Inventories		158
Balance as at December 31, 2023	$	14,394

Financial Instruments (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Long-Term Debt, Carrying Amount	$ 1,787,781	$ 1,299,220
Hapag Lloyd [Member]
Concentration Risk, Percentage	24.00%	16.00%	24.00%
BP [Member]
Concentration Risk, Percentage	21.00%	28.00%
Cheniere [Member]
Concentration Risk, Percentage	16.00%	17.00%
HMM [Member]
Concentration Risk, Percentage	15.00%	18.00%	29.00%
Fair Value, Inputs, Level 2 [Member]
Long-Term Debt, Fair Value	$ 147,210
Long-Term Debt, Carrying Amount	169,115
Fair Value, Inputs, Level 1 [Member]
Long-Term Debt, Fair Value	215,071
Long-Term Debt, Carrying Amount	$ 276,640

Commitments and Contingencies (Details Narrative) $ in Thousands	Dec. 31, 2023 USD ($)
Property, Plant and Equipment [Line Items]
Commitments relating to acquisitions of vessels under construction	$ 2,479,500
Commitments relating to supervision services agreements	4,000
Vessels under contrustion \| Initial Vessels [Member]
Property, Plant and Equipment [Line Items]
Commitments relating to acquisitions of vessels under construction	1,569,600
Vessels under contrustion \| Remaining Vessels [Member]
Property, Plant and Equipment [Line Items]
Commitments relating to acquisitions of vessels under construction	$ 909,900

Income Taxes

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

12. Income Taxes

Under the laws of the Marshall Islands and Liberia, the countries in which the vessel-owning subsidiaries were incorporated, these companies are not subject to tax on international shipping income. However, they are subject to registration and tonnage taxes in the country in which the vessels are registered and managed from, and such taxes have been included in “Vessel operating expenses” in the consolidated statements of comprehensive income.

Pursuant to Section 883 of the United States Internal Revenue Code (the “Code”) and the regulations thereunder, a foreign corporation engaged in the international operation of ships is generally exempt from U.S. federal income tax on its U.S.-source shipping income if the foreign corporation meets both of the following requirements: (a) the foreign corporation is organized in a foreign country that grants an “equivalent exemption” to corporations organized in the United States for the types of shipping income (e.g., voyage and time charter) earned by the foreign corporation and (b) more than 50% of the voting power and value of the foreign corporation’s stock is “primarily and regularly traded on an established securities market” in the United States and certain other requirements are satisfied (the “Publicly-Traded Test”). Each of the jurisdictions where the Partnership’s vessel-owning subsidiaries are incorporated grants an “equivalent exemption” to United States corporations with respect to each type of shipping income earned by the Partnership’s vessel-owning subsidiaries. Additionally, our units are only traded on the Nasdaq Global Market, which is considered to be an established securities market. The Partnership has satisfied the Publicly-Traded Test for the years ended December 31, 2023, 2022 and 2021 and the vessel-owning subsidiaries are exempt from United States federal income taxation with respect to U.S.-source shipping income.

CPLP PLC is incorporated in Cyprus and does not conduct any substantive operations of its own. No provision for Cyprus income tax has been made in the financial statements as CPLP PLC had no assessable income for the years ended December 31, 2023 and 2022 and the period from August 14, 2021 (inception) to December 31, 2021. 0

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Basis of Presentation and General Information

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and General Information

1. Basis of Presentation and General Information

Capital Product Partners, L.P. was formed on January 16, 2007, under the laws of the Marshall Islands. Capital Product Partners L.P. and its fully owned subsidiaries (collectively the “Partnership”) is an international shipping company. As of December 31, 2023, its fleet of 23 high specification vessels consisted of 12 Neo-Panamax container carrier vessels, three Panamax container carrier vessels and eight X-DF Liquefied natural gas carrier (“LNG/C”) vessels. Its vessels are capable of carrying a wide range of cargoes including liquefied natural gas and containerized goods under short-term voyage charters and medium to long-term time charters.

Transformative Transaction for the Acquisition of 11 Newbuild LNG/Cs

On November 13, 2023, the Partnership entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime & Trading Corp. (“CMTC”) and Capital GP L.L.C. (“CGP”), providing for the acquisition of 11 companies each of which owning a LNG/C vessel (the “Newbuild Vessels”) under construction at Hyundai Heavy Industries Co., LTD and Hyundai Samho Heavy Industries Co. Ltd., South Korea (collectively, “Hyundai”), with the exception of the LNG/C Amore Mio I which was delivered from the shipyard to CMTC in October 2023, for a total acquisition price of $3,130,000:

Hull Number/Vessel name	Capacity in Cubic Meters (“CBM”)	Delivery/ Expected delivery date to the Partnership
Hull 3315 – LNG/C Amore Mio I	174,000	Delivered on December 21, 2023
Initial Vessels
Hull 3316 – LNG/C Axios II	174,000	Delivered on January 2, 2024
Hull 3341 – LNG/C Assos	174,000	May 2024
Hull 3342 – LNG/C Apostolos	174,000	June 2024
Hull 8140 – LNG/C Aktoras	174,000	July 2024
Hull 8198 – LNG/C Archimidis	174,000	January 2026
Hull 8199 – LNG/C Agamemnon	174,000	March 2026
Remaining Vessels
Hull 8202 – LNG/C Alcaios I	174,000	September 2026
Hull 8203 – LNG/C Antaios I	174,000	November 2026
Hull 8206 – LNG/C Athlos	174,000	February 2027
Hull 8207 – LNG/C Archon	174,000	March 2027

Upon the closing of the Umbrella Agreement on December 21, 2023, the Partnership entered into 11 share purchase agreements to acquire 100% of the equity interests in each company owning the Newbuild Vessels (the “Vessel SPAs”).

On December 21, 2023, and upon entry into and completion of the Vessel SPA for the LNG/C Amore Mio I, the vessel was delivered to the Partnership and the Partnership paid to CMTC an amount of $141,683 and assumed a debt of $196,317 (Notes 5C, 7) with respect to the vessel.

On December 21, 2023, and upon entry into the Vessel SPAs for LNG/Cs Axios II, Assos, Apostolos, Aktoras, Archimidis and Agamemnon (the “Initial Vessels”), the Partnership paid CMTC a deposit of $174,400, or 10% of the aggregate acquisition price of the Initial Vessels (Note 5C). The Vessel SPAs of each of the vessel-owning companies of the Initial Vessels will be completed upon each vessel’s delivery from Hyundai. The remaining purchase price with respect to each Initial Vessel will be paid upon delivery of such vessel with a total of $1,569,600 remaining due to CMTC for the Initial Vessels (Note 16B). The Vessel SPA for the LNG/C Axios II was completed upon delivery of the vessel on January 2, 2024 (Note 17).

On December 21, 2023, and upon entry into the Vessel SPAs for LNG/Cs Alcaios I, Antaios I, Athlos and Archon (the “Remaining Vessels”), the Partnership paid CMTC $138,100 to acquire 100% of the equity interests in each of the vessel-owning companies of the Remaining Vessels (Note 5B). The Partnership expects to pay an additional amount of $909,900 to Hyundai in pre-delivery and delivery installments for the Remaining Vessels (Note 16B).

On November 27, 2023, the Partnership launched a rights offering for up to $500,000 with the purpose of partly financing the purchase price of the Newbuild Vessels (the “Rights Offering”). The Rights Offering resulted in subscriptions for 445,988 common units. These common units were issued to participating unitholders on December 21, 2023 (Note 13). In connection with the Rights Offering, the Partnership entered into a Standby Purchase Agreement (the “Standby Purchase Agreement”) with CMTC, pursuant to which CMTC agreed to purchase from the Partnership at $14.25 per common unit (the subscription price in the Rights Offering), the number of common units offered that were not issued pursuant to the Rights Offering. As on December 21, 2023, the Rights Offering was not fully subscribed, CMTC purchased 34,641,731 common units pursuant to the Standby Purchase Agreement, as set forth in the following table:

Description	Common Units		Subscription Price per Common Unit		Value
Common Units subscribed for in the Rights Offering	445,988	$	14.25	$	6,355
Units issued to CMTC pursuant to the Standby Purchase Agreement	34,641,731		14.25		493,645
Total Units Issued	35,087,719	$	14.25	$	500,000

1. Basis of Presentation and General Information - Continued

The Umbrella Agreement and the Standby Purchase Agreement permit the Partnership and CMTC to net payments due to each other under the transactions contemplated by the Umbrella Agreement, including the Vessel SPAs and the Standby Purchase Agreement. The following table describes the various amounts that were paid or deemed paid by each of the Partnership and CMTC on December 21, 2023:

Description	Method of Settlement		Value
From the Partnership to CMTC
10% deposit on the Initial Vessels	Netted against the amount due from CMTC pursuant to the Standby Purchase Agreement	$	174,400
Payment for the Remaining Vessels			138,100
Part of purchase price of LNG/C Amore Mio I			141,683
Total		$	454,183
From CMTC to the Partnership
Total amount due pursuant to the Standby Purchase Agreement	Netted against the total amount due from the Partnership	$	454,183
Total amount due pursuant to the Standby Purchase Agreement	Cash settlement		39,462
Total		$	493,645

On December 21, 2023 CMTC issued to the Partnership an unsecured seller’s credit in an amount equal to $220,000 (the “Umbrella Seller’s Credit”) to finance a portion of the purchase price for certain of the Initial and Remaining Vessels.

CPLP Shipping Holdings PLC

On August 14, 2021, the Partnership established CPLP Shipping Holdings PLC (“CPLP PLC”) a 100% subsidiary of the Partnership. CPLP PLC was established in Cyprus as a public limited liability company in accordance with the provisions of the Companies Law of Cyprus, Chapter 113. On July 22, 2022 and October 20, 2021, the Partnership, through CPLP PLC, issued two unsecured bonds of €100,000,000 (the “2022 Bonds”) and €150,000,000 (the “2021 Bonds”) on the Athens Stock Exchange respectively. The 2022 Bonds and the 2021 Bonds are guaranteed by the Partnership, will mature in July 2029 and October 2026 and have a coupon payable semi-annually of 4.40% and 2.65% respectively (Note 7).

1. Basis of Presentation and General Information - Continued

As of December 31, 2023, the consolidated financial statements include Capital Product Partners, L.P. and the following wholly owned significant subsidiaries which were all incorporated or formed under the laws of the Marshall Islands, Liberia or Cyprus.

Subsidiary	Date of Incorporation	Name of Vessel Owned by Subsidiary	Deadweight (“DWT”)	Date acquired by the Partnership/ Estimated delivery dates	Date acquired by CMTC or CGC Operating Corp. (“CGC”)
Capital Product Operating LLC	01/16/2007	—	—	—	—
CPLP Shipping Holdings PLC	08/14/2021	—	—	—	—
CPLP Gas Operating Corp.	08/24/2021	—	—	—	—
Patroklos Marine Corp.	06/17/2008	M/V Cape Agamemnon ⁽¹⁾	179,221	06/09/2011	01/25/2011
Agamemnon Container Carrier Corp.	04/19/2012	M/V Agamemnon ⁽²⁾	108,892	12/22/2012	06/28/2012
Archimidis Container Carrier Corp.	04/19/2012	M/V Archimidis ⁽²⁾	108,892	12/22/2012	06/22/2012
Anax Container Carrier S.A.	04/08/2011	M/V Hyundai Prestige	63,010	09/11/2013	02/19/2013
Hercules Container Carrier S.A.	04/08/2011	M/V Hyundai Premium	63,010	03/20/2013	03/11/2013
Iason Container Carrier S.A.	04/08/2011	M/V Hyundai Paramount	63,010	03/27/2013	03/27/2013
Thiseas Container Carrier S.A.	04/08/2011	M/V Hyundai Privilege	63,010	09/11/2013	05/31/2013
Cronus Container Carrier S.A.	07/19/2011	M/V Hyundai Platinum	63,010	09/11/2013	06/14/2013
Dias Container Carrier S.A.	05/16/2013	M/V Akadimos	115,534	06/10/2015	06/10/2015
Poseidon Container Carrier S.A.	05/16/2013	M/V Adonis ⁽³⁾	115,639	09/18/2015	09/18/2015
Atrotos Container Carrier S.A.	10/25/2013	M/V CMA CGM Magdalena ⁽³⁾	115,639	02/26/2016	02/26/2016
Deka Container Carrier S.A.	03/28/2017	M/V Athenian ⁽⁴⁾	118,834	01/22/2020	04/28/2017
Jupiter Container Carrier S.A.	03/28/2017	M/V Athos ⁽⁴⁾	118,888	01/23/2020	05/19/2017
Nikitis Container Carrier S.A.	03/28/2017	M/V Aristomenis ⁽⁴⁾	118,712	01/23/2020	06/27/2017
Neos Container Carriers Corp.	09/04/2020	M/V Long Beach Express ⁽⁵⁾	68,618	02/25/2021	01/07/2021
Maistros Container Carriers Corp.	09/04/2020	M/V Seattle Express ⁽⁴⁾	68,411	02/25/2021	01/07/2021
Filos Container Carriers Corp.	09/04/2020	M/V Fos Express ⁽⁴⁾	68,579	02/25/2021	01/07/2021
Panormos Container Carrier S.A.	12/17/2020	M/V Manzanillo Express	142,411	10/12/2022	10/12/2022
Ektoras Container Carrier S.A.	12/17/2020	M/V Itajai Express	142,411	01/10/2023	01/10/2023
Monos Container Carrier S.A.	02/05/2021	M/V Buenaventura Express	142,411	06/20/2023	06/20/2023
Assos Gas Carrier Corp.	07/16/2018	LNG/C Aristos I	81,978	09/03/2021	11/12/2020
Dias Gas Carrier Corp.	07/16/2018	LNG/C Aristarchos	81,956	09/03/2021	06/15/2021
Atrotos Gas Carrier Corp.	07/16/2018	LNG/C Aristidis I	81,898	12/16/2021	01/04/2021
Poseidon Gas Carrier Corp.	07/16/2018	LNG/C Attalos	81,850	11/18/2021	08/13/2021
Maximus Gas Carrier Corp.	04/10/2019	LNG/C Asklipios	81,882	11/18/2021	09/29/2021
Kronos Gas Carrier Corp.	02/04/2019	LNG/C Adamastos	82,095	11/29/2021	08/23/2021
Hermes Gas Carrier Corp.	07/05/2019	LNG/C Asterix I	81,932	02/17/2023	02/17/2023
Omega Gas Carriers Corp.	06/18/2021	LNG/C Amore Mio I	82,076	12/21/2023	10/31/2023
Aqua Gas Carrier Corp.	01/17/2023	LNG/C Alcaios I (Hull – 8202) ⁽⁶⁾	—	09/2026 ⁽⁷⁾	—
Mare Gas Carrier Corp.	01/17/2023	LNG/C Antaios I (Hull – 8203) ⁽⁶⁾	—	11/2026 ⁽⁷⁾	—
Polis Gas Carrier Corp.	03/27/2023	LNG/C Athlos (Hull – 8206) ⁽⁶⁾	—	02/2027 ⁽⁷⁾	—
Elpis Gas Carrier Corp.	03/27/2023	LNG/C Archon (Hull – 8207) ⁽⁶⁾	—	03/2027 ⁽⁷⁾	—

(1)	Vessel was disposed in 2023
(2)	Vessels were disposed in 2022
(3)	Vessels were disposed in 2021
(4)	Vessels agreed to be disposed in 2024
(5)	Vessel classified as held for sale as of December 31, 2023
(6)	Vessels are under construction
(7)	Estimated delivery dates for newbuild vessels as of December 31, 2023

Subsequent Events (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	2 Months Ended			3 Months Ended	4 Months Ended	12 Months Ended
	Jan. 02, 2024	Jan. 25, 2024	Mar. 11, 2024	Mar. 08, 2024	Feb. 28, 2024	Mar. 31, 2024	Apr. 22, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
Total consideration								$ 813,000
Sale price agreed in Memorandum of Agreement									$ 130,000
Repayments of Debt								$ 109,786	$ 218,954	$ 145,471
Subsequent Event [Member] \| LNG/ C Axios II [Member]
Subsequent Event [Line Items]
Total consideration	$ 314,000
Description of financing	was funded through debt of $190,000 (Note 7), part of the Umbrella Seller’s Credit in the amount of $92,600 (Note 7) and $31,400 advances, which was netted against the amounts due from CMTC pursuant to the Standby Purchase Agreement on December 21, 2023 (Notes 1, 5C)
Subsequent Event [Member] \| M/V Akadimos [Member]
Subsequent Event [Line Items]
Deadweight "DWT"						115,534
TEU						9,288
Year Built						2015
Property, Plant and Equipment, Disposals						$ 62,318
Delivery Date						March 8, 2024
Subsequent Event [Member] \| M/V Fos Express [Member]
Subsequent Event [Line Items]
Deadweight "DWT"						68,579
TEU						5,100
Property, Plant and Equipment, Disposals						$ 14,527
Subsequent Event [Member] \| M/V Seattle Express [Member]
Subsequent Event [Line Items]
Deadweight "DWT"						68,411
Year Built						2008
Property, Plant and Equipment, Disposals						$ 14,530
Subsequent Event [Member] \| M/V Athenian [Member]
Subsequent Event [Line Items]
Deadweight "DWT"						118,834
Property, Plant and Equipment, Disposals						$ 49,332
Delivery Date						April 22, 2024
Subsequent Event [Member] \| M/V Athos [Member]
Subsequent Event [Line Items]
Deadweight "DWT"						118,888
Property, Plant and Equipment, Disposals						$ 49,216
Delivery Date						April 22, 2024
Subsequent Event [Member] \| M/V Aristomenis [Member]
Subsequent Event [Line Items]
Deadweight "DWT"						118,712
TEU						9,954
Year Built						2011
Property, Plant and Equipment, Disposals						$ 49,724
Subsequent Event [Member] \| M/V Akadimos, M/V Fos Express, M/V Seattle Express, M/V Athenian, M/V Athos and M/V Aristomenis [Member]
Subsequent Event [Line Items]
Sale price agreed in Memorandum of Agreement						$ 259,400
Subsequent Event [Member] \| M/V Fos Express, M/V Seattle Express and M/V Aristomenis [Member]
Subsequent Event [Line Items]
Expected delivery date of vessel						latest by April 30, 2024
Subsequent Event [Member] \| M/V Long Beach [member]
Subsequent Event [Line Items]
Delivery Date						February 26, 2024
Subsequent Event [Member] \| M/V Axios II - Umbrella Seller's Credit [member]
Subsequent Event [Line Items]
Proceeds from Lines of Credit	$ 92,600
Subsequent Event [Member] \| M/V Long Beach - Umbrella Seller's Credit [member]
Subsequent Event [Line Items]
Repayments of Debt					$ 12,789
Subsequent Event [Member] \| M/V Akadimos - Umbrella Seller's Credit [member]
Subsequent Event [Line Items]
Repayments of Debt			$ 39,973
Subsequent Event [Member] \| ICBCFL - M/V Akadimos [member]
Subsequent Event [Line Items]
Full repayments of debt				$ 38,332
Subsequent Event [Member] \| 2020 CMBFL - M/V Athos [Member]
Subsequent Event [Line Items]
Repayments of Debt							$ 25,700
Limited Partner [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends Payable, Date Declared		Jan. 25, 2024
Distribution Made to Limited Partner, Distributions Declared, Per Unit		$ 0.15
Dividends Payable, Date of Payment		Feb. 13, 2024
Dividends Payable, Date of Record		Feb. 06, 2024

Derivative Instruments

12 Months Ended

Dec. 31, 2023

Derivative Instruments

Derivative Instruments

8. Derivative Instruments

In connection with the issuance of the 2022 Bonds and the 2021 Bonds (Note 7), the Partnership entered into certain cross-currency swap agreements to manage the related foreign currency exchange risk by effectively converting the fixed-rate, Euro-denominated Bonds, including the semi-annual interest payments for the period from July 26, 2022 to July 26, 2029 and from October 21, 2021 to October 21, 2025, respectively to fixed-rate, U.S. Dollar-denominated debt. The economic effect of the swap agreements is to eliminate the uncertainty of the cash flows in U.S. Dollars associated with the issuance of the 2022 Bonds and the 2021 Bonds by fixing the principal amount of the 2022 Bonds and the 2021 Bonds, with a fixed annual interest rate. The cross-currency swap agreement related to the 2022 Bonds was designated as an accounting hedge.

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

Changes in the fair value of derivatives designated as accounting hedges are recorded in the consolidated statements of other comprehensive income (effective portion), until the hedged item is recognized in the consolidated statements of comprehensive income.

The following table summarizes the terms of the cross-currency swap agreements and their respective fair value as of December 31, 2023 and 2022.

a)	*Derivative Asset:*

As of December 31, 2023:

Effective Date	Termination Date	Notional Amount in thousands of EUROS	Notional Amount in United States Dollars	Fixed Rate the Partnership receives in EURO	Fixed Rate the Partnership pays in United States Dollars		Fair Value December 31, 2023, in United States Dollars
26/07/2022	26/07/2029	100,000	101,800	4.40%	6.55%		6,636
				Total Fair Value		$	6,636

b)	*Derivative Liabilities:*

As of December 31, 2023:

Effective Date	Termination Date	Notional Amount in thousands of EUROS	Notional Amount in United States Dollars	Fixed Rate the Partnership receives in EURO	Fixed Rate the Partnership pays in United States Dollars		Fair Value December 31, 2023, in United States Dollars
21/10/2021	21/10/2025	120,000	139,716	2.65%	3.66%	$	5,758
21/10/2021	21/10/2025	30,000	34,929	2.65%	3.69%		1,422
				Total Fair Value		$	7,180

As of December 31, 2022:

Effective Date	Termination Date	Notional Amount in thousands of EUROS	Notional Amount in United States Dollars	Fixed Rate the Partnership receives in EURO	Fixed Rate the Partnership pays in United States Dollars		Fair Value December 31, 2022, in United States Dollars
26/07/2022	26/07/2029	100,000	101,800	4.40%	6.55%		816
21/10/2021	21/10/2025	120,000	139,716	2.65%	3.66%	$	10,068
21/10/2021	21/10/2025	30,000	34,929	2.65%	3.69%		2,641
				Total Fair Value		$	13,525

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

The following tables summarize the effect of the cross-currency swap agreements for the years ended December 31, 2023, 2022 and 2021:

- Derivative designated as accounting hedge

	For the years ended December 31,
Amount of gain / (loss) recognized in other comprehensive income		2023		2022		2021
Cross-currency swap agreement related to 2022 Bonds	$	5,286	$	(1,757)	$	–
Reclassification to other income / (expense), net		(2,106)		(3,009)		–
Total gain/ (loss) recognized in accumulated other comprehensive income	$	3,180	$	(4,766)	$	–

The estimated net expense that is expected to be reclassified within the next 12 months from Accumulated Other Comprehensive Loss to earnings in respect of the settlements on cross-currency swap agreements designated as accounting hedge, amounts to $1,814.

- Derivatives not designated as accounting hedges:

	For the years ended December 31,
Amount of gain /(loss) recognized in other income / (expense), net		2023		2022		2021
Change in fair value of derivatives related to 2021 Bonds	$	5,529	$	(9,542)	$	(3,167)
Realized interest expense of derivatives related to 2021 Bonds		(2,111)		(2,258)		(374)
Total gain/ (loss) recognized in other income / (expense), net	$	3,418	$	(11,800)	$	(3,541)

Net Income Per Unit

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Net Income Per Unit

15. Net Income Per Unit

The general partner’s and common unit holders’ interests in net income are calculated as if all net income for periods after April 4, 2007, were distributed according to the terms of the Partnership Agreement, regardless of whether those earnings would or could be distributed. The Partnership Agreement does not provide for the distribution of net income; rather, it provides for the distribution of available cash (Note 13), which is a contractually defined term that generally means all cash on hand at the end of each quarter after establishment of cash reserves determined by the Partnership’s board of directors to provide for the proper resources for the Partnership’s business. Unlike available cash, net income is affected by non-cash items. The Partnership follows the guidance relating to the Application of the Two-Class Method and its application to Master Limited Partnerships, which considers whether the incentive distributions of a master limited partnership represent a participating security when considered in the calculation of earnings per unit under the Two-Class Method.

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

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

For the year ended December 31, 2023, the Partnership excluded the effect of 495,867 non-vested unit awards, from which 247,933 vested on December 31, 2023, in calculating dilutive EPU for its common unitholders as they were anti-dilutive.

For the year ended December 31, 2022, the Partnership excluded the effect of 745,769 non-vested unit awards, from which 249,902 vested on December 31, 2022, in calculating dilutive EPU for its common unitholders as they were anti-dilutive.

For the year ended December 31, 2021, the Partnership excluded the effect of 412,916 units, which vested on December 31, 2021, as they were anti-dilutive.

15. Net Income Per Unit - Continued

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

The Partnership’s net income for the years ended December 31, 2023, 2022 and 2021 did not exceed the First Target Distribution Level, and as a result, the assumed distribution of net income did not result in the use of increasing percentages to calculate CGP’s interest in net income.

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

BASIC AND DILUTED		2023		2022		2021
Numerators
Partnership’s net income	$	47,208	$	125,421	$	98,178
Less:
General Partner’s interest in Partnership’s net income		680		2,157		1,790
Partnership’s net income allocable to unvested units		929		3,662		2,053
Common unit holders’ interest in Partnership’s net income	$	45,599	$	119,602	$	94,335
Denominators
Weighted average number of common units outstanding, basic and diluted		21,182,471		19,325,030		18,342,413
Net income per common unit:
Basic and Diluted (in United States Dollars)	$	2.15	$	6.19	$	5.14

Fixed Assets and Assets Held for Sale - Advances for vessels under construction - related party (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Advances for vessels under construction	$ 174,400	$ 24,000
Related Party [Member]
Balance as at beginning of period	24,000	0
Advances for vessels under construction	174,400	30,000
Transfer to vessels, net	(24,000)	(6,000)
Balance as at end of period	$ 174,400	$ 24,000

Derivative Instruments - Summary of Gain (Loss) on Change in Fair Value of Derivatives - Derivatives not Designated as Accounting Hedge (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivatives related to 2021 Bonds	$ 5,529	$ (9,542)	$ (3,167)
Realized interest expense of derivatives related to 2021 Bonds	(2,111)	(2,258)	(374)
Total gain/ (loss) recognized in other income / (expense), net	$ 3,418	$ (11,800)	$ (3,541)

Net Income Per Unit - Basic and Diluted (Table) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Numerators
Partnership’s net income	$ 47,208	$ 125,421	$ 98,178
Less:
General Partner’s interest in Partnership’s net income	680	2,157	1,790
Partnership’s net income allocable to unvested units	929	3,662	2,053
Common unit holders’ interest in Partnership’s net income	$ 45,599	$ 119,602	$ 94,335
Denominators
Weighted Average Number of Shares Outstanding, Basic	21,182,471	19,325,030	18,342,413
Weighted Average Number of Shares Outstanding, Diluted	21,182,471	19,325,030	18,342,413
Net income per common unit:
Earnings Per Share, Basic	$ 2.15	$ 6.19	$ 5.14
Earnings Per Share, Diluted	$ 2.15	$ 6.19	$ 5.14

Transactions with Related Parties

12 Months Ended

Dec. 31, 2023

Transactions with Related Parties

4. Transactions with Related Parties

CMTC is an international shipping company with a long history of operating and investing in the shipping market and our sponsor. As of December 31, 2023 and 2022, CMTC may be deemed to beneficially own 54.2% and 23.1% of our common units, respectively.

CGC is a privately held company controlled by Mr. Miltiadis Marinakis the son of Mr. Evangelos M. Marinakis who also controls our general partner CGP and Capital Gas Corp. On March 30, 2022, CGC transferred all of the Partnership’s 1,153,846 common units held by it to Capital Gas Corp. As of December 31, 2023 and 2022, Capital Gas Corp. may be deemed to beneficially own 2.1% and 5.7% of our common units, respectively.

Umbrella Agreement, Standby Purchase Agreement and the Umbrella Seller’s Credit with CMTC

On November 13, 2023, the Partnership entered in the Umbrella Agreement with CMTC and CGP, providing for the acquisition of 11 vessel-owning companies of 11 LNG/C vessels under construction at Hyundai for a total acquisition price of $3,130,000. Upon the consummation of the Umbrella Agreement on December 21, 2023, the Partnership entered into the Vessel SPAs to acquire 100% of the equity interests in each vessel-owning company.

On December 21, 2023, and upon entry into the Vessel SPAs for the Initial Vessels, the Partnership paid CMTC a deposit of $174,400, or 10% of the aggregate acquisition price of the Initial Vessels (Note 5C).

On December 21, 2023, the Vessel SPA for the LNG/C Amore Mio I was completed and the Partnership paid to CMTC $141,683 and assumed a debt of $196,317 representing in the aggregate the total acquisition price of the vessel. On December 21, 2023, the vessel-owning company of the LNG/C Amore Mio I entered into a floating fee management agreement with Capital Gas Ship Management Corp. (“Capital-Gas”), a privately held company ultimately controlled by Mr. Miltiadis Marinakis.

On December 21, 2023, and upon entry into the Vessel SPAs for the Remaining Vessels, the Partnership paid CMTC $138,100 million to acquire 100% of the equity interests in each of the vessel-owning companies of the Remaining Vessels (Note 5B). Upon entering the Vessel SPAs each of the four vessel-owning companies of the Remaining Vessels entered into a separate supervision services agreement with Capital-Gas.

On December 21, 2023 CMTC issued to the Partnership the Umbrella Seller’s Credit in an amount equal to $220,000 to finance a portion of the purchase price for certain of the Newbuild Vessels (Note 7).

On November 27, 2023, the Partnership launched a rights offering for up to $500,000 with the purpose of partly financing the purchase price of the Newbuild Vessels. In connection with the Rights Offering, the Partnership entered into the Standby Purchase Agreement with CMTC, pursuant to which CMTC agreed to purchase from the Partnership at $14.25 per common unit (the subscription price in the Rights Offering), the number of common units offered that were not issued pursuant to the Rights Offering. As on December 21, 2023, the Rights Offering was not fully subscribed, CMTC purchased 34,641,731 common units pursuant to the Standby Purchase Agreement.

Master Vessel Acquisition Agreement with CMTC

On June 6, 2022, the Partnership entered into a Master Vessel Acquisition Agreement (the “Master Agreement”) with CMTC for the acquisition of the shares of four companies owning one 174,000 CBM LNG/C vessel, the LNG/C Asterix I, two 13,312 Twenty-foot Equivalent Unit (“TEU”) vessels, the M/V Manzanillo Express and the M/V Itajai Express and one 13,696 TEU container carrier vessel the M/V Buenaventura Express for a total consideration of $596,583 (Note 5A). On June 21, 2022, the Partnership paid total advances in relation to the Master Agreement of $30,000 (Note 5C). Pursuant to the Master Agreement, the vessels were delivered to the Partnership from CMTC in February 2023, in October 2022, in January 2023 and in June 2023 respectively (Note 5A). Upon delivery, the vessel-owning company of the LNG/C Asterix I entered into a floating fee management agreement with Capital-Gas and each of the other three vessel-owning companies of the M/V Manzanillo Express, the M/V Itajai Express and the M/V Buenaventura Express entered into a separate floating fee management agreement with Capital-Executive Ship Management Corp. (“Capital-Executive”), a privately held company ultimately controlled by Mr. Miltiadis Marinakis.

4. Transactions with Related Parties – Continued

CGC Seller’s Credits

On July 8, 2022, the Partnership fully repaid the amount of $10,000 in line with the two Seller’s Credit Agreements with CGC (the “CGC Seller’s Credits) entered into in August 2021, in connection with the acquisition of the LNG/C Aristos I and the LNG/C Aristarchos from CGC (Note 7).

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

1. Floating fee management agreements: Under the terms of these agreements the Partnership compensates its Managers for expenses and liabilities incurred on the Partnership’s behalf while providing the agreed services, including, but not limited to, crew, repairs and maintenance, insurance, stores, spares, lubricants and other operating costs. Costs and expenses associated with a managed vessel’s next scheduled dry-docking are borne by the Partnership and not by the Managers. The Partnership also pays its Managers a daily technical management fee per managed vessel that is revised annually based on the United States Consumer Price Index. For the years ended December 31, 2023, 2022 and 2021, management fees under the management agreements amounted to $10,899, $9,172 and $5,923, respectively, and are included in “Vessel operating expenses – related parties” in the consolidated statements of comprehensive income.

2. Administrative and service agreements: On April 4, 2007, the Partnership entered into an administrative services agreement with CSM, pursuant to which CSM has agreed to provide certain administrative management services to the Partnership such as accounting, auditing, legal, insurance, IT and clerical services. In addition, the Partnership reimburses CSM and CGP for reasonable costs and expenses incurred in connection with the provision of these services, after CSM submits to the Partnership an invoice for such costs and expenses together with any supporting detail that may be reasonably required. These expenses are included in “General and administrative expenses” in the consolidated statements of comprehensive income. In 2015, the Partnership entered into an executive services agreement with CGP, which was amended further in 2022, according to which CGP provides certain executive officers services for the management of the Partnership’s business as well as investor relations and corporate support services to the Partnership. For the years ended December 31, 2023, 2022 and 2021 such fees amounted to $2,350, $2,050 and $1,880, respectively and are included in “General and administrative expenses” in the consolidated statements of comprehensive income.

Balances and transactions with related parties consisted of the following:


	As of December 31,
Consolidated Balance Sheets		2023		2022
Assets:
CMTC – amounts relating to vessels acquisitions (a)	$	402	$	—
Capital-Executive – advances from the Partnership (b)		—		3,636
Due from related party	$	402	$	3,636
Liabilities:
CSM – payments on behalf of the Partnership (c)	$	114	$	705
Management fee payable to CSM (d)		—		25
Capital-Executive – payments on behalf of the Partnership (c)		3,823		—
Capital-Gas – payments on behalf of the Partnership (c)		4,042		107
Management fee payable to Capital-Gas (d)		—		179
Due to related parties	$	7,979	$	1,016

		For the years ended December 31,
Consolidated Statements of Comprehensive Income		2023		2022		2021
Vessel operating expenses	$	10,899	$	9,172	$	5,923
General and administrative expenses (e)		2,564		2,244		2,013

(a)	Amounts relating to vessels acquisitions: This line item mainly includes collected hire income payable from CMTC in connection with the acquisition of the vessels under the Umbrella Agreement.
(b)	Managers - Advances from the Partnership: This line item represents the amounts advanced by the Partnership for operating and voyage expenses that will be paid by the Managers on behalf of the Partnership and its subsidiaries.
(c)	Managers - Payments on Behalf of the Partnership: This line item represents the amount outstanding for payments for operating and voyage expenses made by the Managers on behalf of the Partnership and its subsidiaries.
(d)	Management fee payable to Managers: The amount outstanding as of December 31, 2022 represents the management fee payable to the Managers under the management agreements.
(e)	General and administrative expenses:This line item mainly includes fees relating to internal audit, investor relations and consultancy fees.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Fixed Assets and Assets Held for Sale - Assets held for sale (Table) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Balance as at beginning of period	$ 0
Balance as at end of period	14,394
Discontinued Operations, Held-for-Sale [Member]
Balance as at beginning of period	0
Vessel held for sale	14,236
Inventories	158
Balance as at end of period	$ 14,394

Derivative Instruments (Details Narrative) $ in Thousands	12 Months Ended
Derivative Instruments (Details Narrative) $ in Thousands	Dec. 31, 2023 USD ($)
Derivative Instruments
Estimated period expected to be reclassified	12 months
Foreign currency cash flow fedge loss to be reclassified during next 12 months	$ 1,814

Commitments and Contingencies - Supervision services commitments (Table) (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 0
2025	2,000
2026	1,000
2027	1,000
Total	$ 4,000

Omnibus Incentive Compensation Plan (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Omnibus Incentive Compensation Plan (Table)

	Equity compensation plan
Unvested Units	Units		Value
Unvested on January 1, 2022	—		—
Granted	745,769		11,318
Vested	(249,902)		(3,790)
Unvested on December 31, 2022	495,867	$	7,528
Granted	—		—
Vested	(247,933)		(3,759)
Unvested on December 31, 2023	247,934	$	3,769

Significant Accounting Policies (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Maximum original maturity of highly liquid investments, in order to be classified as cash and cash equivalents (in months)	3
Cash and cash equivalents	$ 192,422	$ 144,635	$ 20,373
Restricted cash	11,721	10,213	$ 10,614
Trade accounts receivables	3,117	2,102
Write off of doubtful accounts	0	920
Inventories	$ 5,553	6,817
Scrap value per light weight ton	0.2
Deferred Costs, Noncurrent	$ 4,714	$ 289
Number of reportable segments	1
Minimum [Member]
Property, Plant and Equipment [Line Items]
Interval between vessel drydocking	30
Maximum [Member]
Property, Plant and Equipment [Line Items]
Interval between vessel drydocking	60
Container Carrier and Bulk Carrier Vessels [Member]
Property, Plant and Equipment [Line Items]
Vessels useful life	25 years
LNG/C vessels [Member]
Property, Plant and Equipment [Line Items]
Vessels useful life	35 years

Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2023

Transactions with Related Parties - Consolidated Balance Sheets (Table)


	As of December 31,
Consolidated Balance Sheets		2023		2022
Assets:
CMTC – amounts relating to vessels acquisitions (a)	$	402	$	—
Capital-Executive – advances from the Partnership (b)		—		3,636
Due from related party	$	402	$	3,636
Liabilities:
CSM – payments on behalf of the Partnership (c)	$	114	$	705
Management fee payable to CSM (d)		—		25
Capital-Executive – payments on behalf of the Partnership (c)		3,823		—
Capital-Gas – payments on behalf of the Partnership (c)		4,042		107
Management fee payable to Capital-Gas (d)		—		179
Due to related parties	$	7,979	$	1,016

Transactions with Related Parties - Consolidated Statements of Comprehensive Income

		For the years ended December 31,
Consolidated Statements of Comprehensive Income		2023		2022		2021
Vessel operating expenses	$	10,899	$	9,172	$	5,923
General and administrative expenses (e)		2,564		2,244		2,013

Commitments and Contingencies

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

16. Commitments and Contingencies

Contingencies

Various claims, suits, and complaints, including those involving government regulations and product liability, arise in the ordinary course of the shipping business. In addition, losses may arise from disputes with charterers, agents, insurance and other claims with suppliers relating to the operations of the Partnership’s vessels.

The Partnership accrues the cost of environmental liabilities when management becomes aware that a liability is probable and is able to reasonably estimate the probable exposure.

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

•

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

•

The amount of the loss can be reasonably estimated.

Currently, the Partnership is not aware of any such claims or contingent liabilities which should be disclosed or for which a provision should be established in the consolidated financial statements.

16. Commitments and Contingencies - Continued

Commitments

(A) Lease Commitments: Future minimum charter hire receipts, excluding any profit share revenue that may arise, based on non-cancellable time charter contracts, as of December 31, 2023 were:

Year ending December 31,		Amount
2024	$	403,278
2025		331,377
2026		200,151
2027		153,803
2028		142,781
Thereafter		330,378
Total	$	1,561,768

(B) Vessels Under Construction Commitments: As of December 31, 2023, the Partnership pursuant to the Umbrella Agreement, had outstanding commitments relating to acquisitions of vessels under construction amounting to $1,569,600 for the Initial Vessels and $909,900 for the Remaining Vessels which will be financed through the issuance of debt, the use of the Umbrella Seller’s Credit and cash at hand (Notes 1, 4, 5, 7, 17).

The following table contains details of vessels under construction commitments:

Year ending December 31,		Initial Vessels		Remaining Vessels		Total
2024	$	1,083,600	$	101,100	$	1,184,700
2025		—		126,050		126,050
2026		486,000		375,550		861,550
2027		—		307,200		307,200
Total	$	1,569,600	$	909,900	$	2,479,500

(C) Supervision Services Commitments: As of December 31, 2023, the Partnership had outstanding commitments relating to supervision services agreements for the Remaining Vessels, amounting to $4,000 (Notes 4, 5B).

The following table contains details of supervision services commitments:

Year ending December 31,		Amount
2024	$	—
2025		2,000
2026		1,000
2027		1,000
Total	$	4,000

Partners’ Capital

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Partners’ Capital

13. Partners’ Capital

General: The Partnership’s Limited Partnership Agreement (the “Partnership Agreement”) requires that within 45 days after the end of each quarter, beginning with the quarter ending June 30, 2007, all of the Partnership’s available cash be distributed to unit holders.

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

	•	less the amount of cash reserves established by our board of directors to:
		• provide for the proper conduct of the Partnership’s business (including reserves for future capital expenditures and for our anticipated credit needs);
		• comply with applicable law, any of the Partnership’s debt instruments, or other agreements; or
		• provide funds for distributions to the Partnership’s unit holders and to the general partner for any one or more of the next four quarters;
	•	plus all cash on hand on the date of determination of available cash for the quarter resulting from working capital borrowings made after the end of the quarter. Working capital borrowings are generally borrowings that are made under our credit agreements and in all cases are used solely for working capital purposes or to pay distributions to partners subject to certain exceptions set forth in the Partnership Agreement.

General Partner Interest and IDRs: As of December 31, 2023, the General Partner has a 0.63% interest in the Partnership (excluding treasury units) and holds the IDRs. In accordance with Section 5.2(b) of the Partnership Agreement, upon the issuance of additional units by the Partnership, the general partner may elect to make a contribution to the Partnership to maintain its general partner interest.

IDRs represent the right to receive an increasing percentage of quarterly distributions of available cash from operating surplus after the minimum quarterly distribution and the target distribution levels have been achieved. According to the Partnership Agreement, as amended in 2014, the following table illustrates the percentage allocations of the additional available cash from operating surplus among the unit holders and general partner up to the various target distribution levels. The amounts set forth under “Marginal Percentage Interest in Distributions” are the percentage interests of the unit holders and general partner in any available cash from operating surplus that is being distributed up to and including the corresponding amount in the column “Total Quarterly Distribution Target Amount per Unit,” until available cash from operating surplus the Partnership distributes reaches the next target distribution level, if any. The percentage interests shown for the unit holders and general partner for the minimum quarterly distribution are also applicable to quarterly distribution amounts that are less than the minimum quarterly distribution. The percentage interests shown below assume that the Partnership’s general partner maintains a 2% general partner interest and that it has not transferred its IDR.

13. Partners’ Capital – Continued

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

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

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

	•	first, 98% to all unit holders, pro rata, and 2% to our general partner, until we distribute for each outstanding unit an amount equal to the minimum quarterly distribution for that quarter; and
	•	thereafter, in the manner described in the above table.

Common Units

Pursuant to the Umbrella Agreement, the Partnership conducted a Rights Offering for up to $500,000 with the purpose of partially financing the acquisition of the shares of the vessel-owning companies of 11 new LNG/C vessels. The Rights Offering resulted in subscriptions for 445,988 common units representing limited partnership interests in the Partnership offered at an exercise price of $14.25 per common unit amounting to $6,355. CMTC purchased 34,641,731 common units that were not issued pursuant to the Rights Offering for an aggregate amount of $493,645 pursuant to the Standby Purchase Agreement (Note 1). As of December 31, 2023, the Partnership recognized the amount of $1,313 representing part of the transaction expenses as a reduction to Partners’ Capital.

On October 12, 2022, the Partnership transferred 505,204 common units to CMTC out of the Partnership’s Treasury units with a value at the time of transfer of $6,583, in connection with the acquisition of the M/V Manzanillo Express from CMTC (Notes 4, 5A).

On January 26, 2023, the Partnership’s Board of Directors authorized a new unit repurchase plan, replacing the earlier plan (the “Repurchase Plan”). Pursuant to the Repurchase Plan, the Partnership may purchase up to $30,000 of its common units through January 2025, at times and prices that are considered to be appropriate. The Partnership could repurchase units under the Repurchase Plan in the open market or in privately negotiated transactions but is not obligated under the terms of the Repurchase Plan to repurchase any units, and, at any time, may suspend, delay or discontinue the Repurchase Plan. For the years ended December 31, 2023 and 2022, the Partnership completed the repurchase of 304,283 and 389,962 units paying an average price per unit of $13.48 and $15.13 plus repurchasing expenses, respectively. These units are held as treasury units and are recorded as a reduction in the Partnership’s Partners’ Capital as of December 31, 2023 and 2022, respectively.

During 2022, the Partnership reserved for issuance a maximum number of 750,000 restricted common units. As a result, the total number of restricted common units reserved and issued is 1,045,000 under its Omnibus Incentive Compensation Plan (Note 14).

As of December 31, 2023 and 2022 partners’ capital included the following units:


	As of December 31,
	2023	2022
Common units	55,039,143	20,255,707
General partner units	348,570	348,570
Treasury Units	870,522	566,239
Total partnership units	56,258,235	21,170,516

Long-Term Debt (Details Narrative) $ in Thousands			1 Months Ended	2 Months Ended		5 Months Ended	6 Months Ended			7 Months Ended			8 Months Ended	9 Months Ended		12 Months Ended
Long-Term Debt (Details Narrative) $ in Thousands	Jan. 02, 2024 USD ($)	Jan. 06, 2023 USD ($)	Feb. 07, 2023 USD ($)	Mar. 14, 2023 USD ($)	Feb. 17, 2023 USD ($)	Jun. 13, 2023 USD ($)	Jun. 15, 2023 USD ($)	Jul. 08, 2022 USD ($)	Jul. 06, 2022 USD ($)	Aug. 10, 2022 USD ($)	Aug. 05, 2022 USD ($)	Jul. 28, 2022 USD ($)	Aug. 31, 2021 USD ($)	Oct. 11, 2022 USD ($)	Oct. 06, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 22, 2023 USD ($)	Dec. 21, 2023 USD ($)	Dec. 20, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 23, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2022 EUR (€)
Debt Instrument [Line Items]
Assumption of debt																$ 196,317				$ 0		$ 866,344
Repayments of Debt																109,786				218,954		145,471
Seller's credit agreement																$ 0				0		16,000
Debt Instrument, Covenant Compliance																As of December 31, 2023 and 2022 the Partnership was in compliance with all financial covenants.
Interest expense																$ 101,769				$ 52,465		$ 16,586
Weighted average interest rate																6.40%				4.10%		2.90%
Covenants [Member]
Debt Instrument [Line Items]
Ratio Of EBITDA To Net Interest Expense																2:1
Net Total Indebtedness to the aggregate Market Value of the Total fleet																0.75:1
CPLP Shipping Holding PLC [Member] \| 2022 Bonds [Member]
Debt Instrument [Line Items]
Maturity date																				7 years
Issuance date of Bond																				Jul. 22, 2022
Name of Stock Exchange																				Athens Stock Exchange
Debt Instrument, Face Amount																				$ 106,664				€ 100,000,000
Fixed coupon																				4.40%
Debt Instrument, Frequency of Periodic Payment																				semi-annually
Settlement occurred date																				Jul. 26, 2022
Ratio Of EBITDA To Net Interest Expense																				2:1
Net Total Indebtedness to the aggregate Market Value of the Total fleet																				0.75:1
CPLP Shipping Holding PLC [Member] \| 2022 Bonds [Member] \| Bonds requirements and terms [Member]
Debt Instrument [Line Items]
Cash Collateral for Borrowed Securities \| €																							€ 100,000
Description of deposit to the DSRA account																the Partnership deposit to the DSRA 50% of any cash disbursements to unitholders (e.g., dividends) exceeding $20,000 per annum, capped at 1/3 of the par value of the 2022 and 2021 Bonds outstanding at the time
Description of the difference detween MVAN and $300,000																if the Partnership’s Market Value Adjusted Net Assets (“MVAN”) falls below $300,000 then to deposit to the DSRA the difference between the MVAN and the $300,000 (capped to 1/3 of the par value of the 2022 and 2021 Bonds outstanding)
Per Vessel [Member] \| Covenants [Member]
Debt Instrument [Line Items]
Restricted Cash and Cash Equivalents																$ 500
2023 Jolco - LNG/C Assos [Member]
Debt Instrument [Line Items]
Description of scope																	for the purpose of partially financing the acquisition of the shares of the vessel-owning company of the LNG/C Assos, with the Partnership acting as a parent guarantor
Sale and leaseback agreement - financing arrangements																	$ 240,000
Expected draw down date																	May 2024
Line of Credit Facility, Remaining Borrowing Capacity																240,000
2023 CMBFL - LNG/C [Member]
Debt Instrument [Line Items]
Description of scope			for the purpose of partially financing the acquisition of the shares of the vessel-owning company of the LNG/C Asterix I
Sale and leaseback agreement - financing arrangements			$ 184,000
Maturity date			10 years
Amount drawn down					$ 184,000
Umbrella seller's credit [Member]
Debt Instrument [Line Items]
Seller's credit - maximum borrowing capacity																		$ 220,000
Description of scope																		to finance a portion of the purchase price of the 11 new 174,000 CBM LNG/C vessels under construction
Line of Credit Facility, Interest Rate During Period																		7.50%
Maturity date																		June 30, 2027
Amount drawn down	$ 92,600
Line of Credit Facility, Remaining Borrowing Capacity																127,400
2024 - Axios II credit facility [Member]
Debt Instrument [Line Items]
Description of scope																			for the purpose of partially financing the construction of the vessel
Line of Credit Assumed	$ 190,000
Maximum borrowing capacity																			$ 190,000
Maturity date																			7 years
2023 CMBFL - LNG/C AMI [Member] \| Amore Mio I [Member]
Debt Instrument [Line Items]
Maturity date																		10 years
Assumption of debt																		$ 196,317
Credit Facility 2023 [Member]
Debt Instrument [Line Items]
Description of scope						for the purpose of partially financing the acquisition of the shares of the vessel-owning company of the M/V Buenaventura Express
Amount drawn down							$ 100,000
Maximum borrowing capacity						$ 100,000
Maturity date						8 years
2021 CMBFL - Panamax sale and lease back agreement matured in February 2026 [Member]
Debt Instrument [Line Items]
Repayments of Debt				$ 23,423
Jolco 2022 [Member] \| M/V Itajai Express [Member]
Debt Instrument [Line Items]
Description of scope																					for the purpose of partially financing the acquisition of the shares of the vessel-owning company of the M/V Itajai Express
Sale and leaseback agreement - financing arrangements																					$ 108,000
Maturity date																					8 years
Amount drawn down		$ 108,000
2022 Credit Facility [Member] \| M/V Manzanillo Express [Member]
Debt Instrument [Line Items]
Description of scope															for the purpose of partially financing the acquisition of the shares of the vessel-owning company of the M/V Manzanillo Express
Amount drawn down														$ 105,000
Maximum borrowing capacity															$ 105,000
Maturity date															6 years
2017 Credit Facility [Member]
Debt Instrument [Line Items]
Full repayment amount of debt										$ 65,822
Partial repayment amount of debt									$ 13,789			$ 14,228
2020 Credit Facility [Member]
Debt Instrument [Line Items]
Full repayment amount of debt											$ 29,900
CGC Seller's Credit [Member] \| LNG/C Aristos I and LNG/C Aristarchos [Member]
Debt Instrument [Line Items]
Repayment amount								$ 10,000
CGC Seller's Credit [Member] \| LNG/C Aristos I [Member]
Debt Instrument [Line Items]
Seller's credit agreement													$ 5,000
Interest payable													$ 0
Debt Instrument, Maturity Date, Description													payable within one year of the vessel’s delivery date
CGC Seller's Credit [Member] \| LNG/C Aristarchos [Member]
Debt Instrument [Line Items]
Seller's credit agreement													$ 5,000
Interest payable													$ 0
Debt Instrument, Maturity Date, Description													payable within one year of the vessel’s delivery date
Financing Arrangements [Member]
Debt Instrument [Line Items]
Repayments of Debt																86,363				$ 85,215
Prepayment of Debt																$ 23,423				$ 133,739
2022 Credit Facility and 'ICBCFL' Financing Arrangement [Member] \| Covenants [Member]
Debt Instrument [Line Items]
Collateral Maintenance Requirement																125.00%
2023 credit facility, 2020 CMBFL, 2021 CMBFL-Panamax and 2021 credit facility [Member] \| Covenants [Member]
Debt Instrument [Line Items]
Collateral Maintenance Requirement																120.00%
2023 CMBFL-LNG/C AMI, 2023 CMBFL - LNG/C and 2021 CMBFL - LNG/C [Member] \| Covenants [Member]
Debt Instrument [Line Items]
Collateral Maintenance Requirement																110.00%
'2021 Bocomm' Financing Arrangement [Member] \| Covenants [Member]
Debt Instrument [Line Items]
Collateral Maintenance Requirement																111.00%

Fixed Assets and Assets Held for Sale

12 Months Ended

Dec. 31, 2023

Fixed Assets And Assets Held For Sale

Fixed Assets and Assets Held for Sale

5. Fixed Assets and Assets Held for Sale

Fixed assets

Vessels, net

The following table presents an analysis of vessels, net:

	Vessel cost		Accumulated depreciation		Net book value
Balance as at January 1, 2022	$	1,999,894	$	(218,036)	$	1,781,858
Vessel acquisitions		121,583		—		121,583
Vessel disposals		(143,692)		63,159		(80,533)
Improvements		1,873		—		1,873
Depreciation for the year		—		(66,884)		(66,884)
Balance as at December 31, 2022	$	1,979,658	$	(221,761)	$	1,757,897
Vessel acquisitions		840,662		—		840,662
Vessel disposals		(52,963)		34,824		(18,139)
Improvements		19,755		—		19,755
Depreciation for the year		—		(82,526)		(82,526)
Impairment of vessel		(11,497)		—		(11,497)
Classification as asset held for sale		(17,814)		3,578		(14,236)
Balance as at December 31, 2023	$	2,757,801	$	(265,885)	$	2,491,916

Three vessels with an aggregate net book value of $437,959 as of December 31, 2023, have been provided as collateral under the terms of the Partnership’s credit facilities (Note 7). In addition, there are 11 vessels financed through sale and lease back agreements, for which the title of ownership is held by the relevant lender, with an aggregate net book value of $1,795,542 as of December 31, 2023 (Note 7) and nine unencumbered vessels with an aggregate net book value of $272,651 of which $14,236 is included under assets held for sale as of December 31, 2023.

Vessel acquisitions for the year 2023

On December 21, 2023, pursuant to the Umbrella Agreement (Notes 1, 13), the Partnership acquired from CMTC the shares of the vessel-owning company of the M/V Amore Mio I for a total consideration of $338,000 which was funded through assumption of debt of $196,317 (Note 7) and by netting the balance of $141,683 against the amounts due from CMTC pursuant to the Standby Purchase Agreement (Notes 1, 13).

On June 20, 2023, pursuant to the Master Agreement (Note 4), the Partnership acquired from CMTC the shares of the vessel-owning company of the M/V Buenaventura Express for a total consideration of $122,500 which was funded through debt of $100,000 (Note 7), a cash deposit of $6,000 (Note 5C) advanced in June 2022 and cash at hand.

On February 17, 2023, pursuant to the Master Agreement (Note 4), the Partnership acquired from CMTC the shares of the vessel-owning company of the LNG/C Asterix I, for a total consideration of $230,000 which was funded through debt of $184,000 (Note 7), a cash deposit of $12,000 (Note 5C) advanced in June 2022 and cash at hand.

On January 10, 2023, pursuant to the Master Agreement (Note 4), the Partnership acquired from CMTC the shares of the vessel-owning company of the M/V Itajai Express for a total consideration of $122,500 which was funded through debt of $108,000 (Note 7), a cash deposit of $6,000 (Note 5C) advanced in June 2022 and cash at hand.

All vessels were acquired with charter party agreements attached. The Partnership accounted for these acquisitions as acquisitions of assets since the fair value of the vessels and the time charters attached are concentrated in a single identifiable asset. The Partnership considered whether any value should be assigned to the attached charter party agreements acquired and concluded that the contracted daily charter rates for the M/V Itajai Express, the LNG/C Asterix I and the M/V Buenaventura Express were below the market rates on their respective acquisition dates and for the LNG/C Amore Mio I was above the market rate on the acquisition date and therefore the total consideration was allocated to the vessel’s cost and the below and above market acquired charters, respectively. The Partnership allocated the cost of the vessels and the time charters acquired on the basis of their relative fair values. The vessels were recorded in the Partnership’s financial statements at a total value of $840,662, reflecting a net increase of $27,662 ($94,889 below market and $67,227 above market) from the acquisition cost of $813,000 due to the value of the charters that were attached to the vessels at the time of the respective acquisitions (Note 6).

Vessel acquisitions for the year 2022

On October 12, 2022, the Partnership acquired from CMTC the shares of the vessel-owning company of the M/V Manzanillo Express for a total consideration of $121,583 which was funded through debt of $105,000 (Note 7), by granting 505,204 common units to CMTC out of the Partnership’s treasury units (Note 13), by a $6,000 (Note 5C) advance paid in June 2022 and cash at hand. The Partnership accounted for this acquisition as acquisition of an asset since the fair value of the vessel and the time charter attached are concentrated in a single identifiable asset. The Partnership considered whether any value should be assigned to the attached charter party agreement acquired and concluded that the terms of the agreement were at market on the acquisition date and therefore the total consideration amount was allocated to the vessel’s cost.

5. Fixed Assets and Assets Held for Sale - Continued

Fixed assets - Continued

A.	Vessels, net - Continued

Improvements for the years 2023 and 2022

During the year ended December 31, 2023 and 2022, certain of the Partnership’s vessels underwent improvements. The costs of these improvements amounted to $19,755 and $1,873 respectively and were capitalized as part of the vessels’ cost. Improvements during the year ended December 31, 2023, included the cost of $411 relating to the installation of ballast water treatment (“BWT”) systems and $16,281 relating to the installation of exhaust gas cleaning systems (“Scrubbers”) for certain of the Partnership’s vessels. Improvements during the year ended December 31, 2022, included the cost of $1,524 relating to the installation of BWT systems for certain of the Partnership’s vessels. During the year ended December 31, 2023 and 2022, the Partnership paid advances of $16,084 and $1,498 respectively, relating to the purchase of BWT systems and Scrubbers that were installed to certain of its vessels

Vessel disposals for the year 2023

In June 2023, the Partnership agreed to sell the M/V Cape Agamemnon to an unaffiliated party for total consideration of $22,000. At that date, the Partnership considered that the M/V Cape Agamemnon met the criteria to be classified as held for sale and measured the vessel at the lower of its carrying amount and fair value less the cost associated with the sale (the fair value was determined using Level 2 inputs being the selling price agreed with an unaffiliated party). In this respect, the Partnership recognized an impairment charge of $11,157. The vessel was delivered to the new owners on November 7, 2023.

Vessel disposals for the year 2022

On May 30, 2022, the Partnership entered into two separate MOAs for the sale of the M/V Archimidis and the M/V Agamemnon to an unaffiliated party for total consideration of $65,000 each. The Partnership decided to enter into these MOAs after receiving the Buyers’ purchase enquiries, which were opportunistic in nature. Upon entering the MOAs, the Partnership considered that the M/V Archimidis and the M/V Agamemnon met the criteria to be classified as held for sale. At that time the vessels’ fair value less cost to sell exceeded their carrying amount, so no impairment charge was recognized in the Partnership’s consolidated statement of comprehensive income for the year ended December 31, 2022. The M/V Archimidis was delivered to its new owner on July 6, 2022, and the M/V Agamemnon on July 28, 2022.

For the year ended December 31, 2022, the Partnership recognized a gain on sale of vessels analyzed as follows:

Vessel		M/V Agamemnon		M/V Archimidis		Total
Sale price	$	65,000	$	65,000	$	130,000
Carrying value on sale		(41,806)		(38,727)		(80,533)
Other sale expenses		(1,099)		(1,093)		(2,192)
Gain on sale	$	22,095	$	25,180	$	47,275

B.	Vessels under construction

The following table presents an analysis of vessels under construction:

		Vessels under construction cost
Balance as at January 1, 2022	$	—
Balance as at December 31, 2022	$	—
Advances for vessels under construction		140,369
Balance as at December 31, 2023	$	140,369

On December 21, 2023, pursuant to the Umbrella Agreement the Partnership acquired from CMTC the shares of the vessel-owning companies of the Remaining Vessels (Notes 1, 13) for a total consideration of $138,100. During 2023 the Partnership recognized initial expenses of $2,269, as part of vessels under construction cost. As of December 31, 2022, there were no vessels under construction.

C.	Advances for vessels under construction-related party

The following table presents an analysis of advances for vessels under construction-related party:

		Advances for vessels under construction-related party
Balance as at January 1, 2022	$	—
Advances for vessels under construction-related party		30,000
Transfer to vessels, net		(6,000)
Balance as at December 31, 2022	$	24,000
Transfer to vessels, net		(24,000)
Advances for vessels under construction-related party		174,400
Balance as at December 31, 2023	$	174,400

5. Fixed assets and Assets Held for Sale - Continued

Fixed assets - Continued

C.	Advances for vessels under construction-related party - Continued

For the year 2023

On December 21, 2023, pursuant to the Umbrella Agreement the Partnership paid the deposit of 10% of the aggregate acquisition price of the Initial Vessels under construction amounting to $174,400 (Notes 1, 13). On January 2, 2024, the Partnership completed the acquisition of the vessel-owning company of the LNG/C Axios II (Note 17).

On June 20, February 17 and January 10, 2023, the Partnership acquired from CMTC the shares of the companies owning the M/V Buenaventura Express, the LNG/C Asterix I and the M/V Itajai Express, respectively and as a result $24,000 of advances for vessels under construction-related party was transferred to vessels, net (Notes 4, 5A).

For the year 2022

On June 21, 2022, pursuant to the Master Agreement, the Partnership paid to CMTC total advances for vessels under construction-related party of $30,000. On October 12, 2022, the Partnership acquired from CMTC the shares of the vessel-owning company of the M/V Manzanillo Express and as a result $6,000 of advances for vessels under construction-related party was transferred to vessels, net (Notes 4, 5A).

Assets held for sale

An analysis of assets held for sale is as follows:

		Assets held for sale
Balance as at January 1, 2023	$	–
Vessel held for sale		14,236
Inventories		158
Balance as at December 31, 2023	$	14,394

On December 15, 2023, the Partnership agreed to sell to an unaffiliated party the M/V Long Beach Express along with its time charter attached (Note 6), at a price of $13,050. The Partnership decided to enter into this Agreement after receiving the Buyer’s purchase enquiry which was opportunistic in nature. The Partnership considered that the M/V Long Beach Express met the criteria to be classified as held for sale and measured the vessel at the lower of its carrying amount along with the time charter attached and fair value less the cost associated with the sale (the fair value was determined using Level 2 inputs being the selling price agreed with an unaffiliated party). In this respect, the Partnership recognized an impairment charge of $340 in its consolidated statement of comprehensive income for the year ended December 31, 2023. The vessel delivered to the new owner on February 26, 2024.

Partners’ Capital - Partnership units (Table) (Details) - shares	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Common units	55,039,143	20,255,707
General partner units	348,570	348,570
Treasury Units	870,522	566,239
Total partnership units	56,258,235	21,170,516

Financial Instruments - Fair value measurements on a recurring basis (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Total	$ (544)	$ (13,525)
Fair Value, Inputs, Level 2 [Member]
Total	(544)	(13,525)
Currency Swap (100,000) [Member]
Cross Currency SWAP - asset position	6,636
Cross Currency SWAP - liability position		(10,068)
Currency Swap (100,000) [Member] \| Fair Value, Inputs, Level 2 [Member]
Cross Currency SWAP - asset position	6,636
Cross Currency SWAP - liability position		(10,068)
Currency Swap (120,000) [Member]
Cross Currency SWAP - liability position	(5,758)	(2,641)
Currency Swap (120,000) [Member] \| Fair Value, Inputs, Level 2 [Member]
Cross Currency SWAP - liability position	(5,758)	(2,641)
Currency Swap (30,000) [Member]
Cross Currency SWAP - liability position	(1,422)	(816)
Currency Swap (30,000) [Member] \| Fair Value, Inputs, Level 2 [Member]
Cross Currency SWAP - liability position	$ (1,422)	$ (816)

Voyage expenses and vessel operating expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Voyage expenses:
Commissions	$ 6,781	$ 6,134	$ 4,278
Bunkers	5,418	7,365	4,204
Port expenses	2,246	1,819	1,633
Other	475	918	583
Total	14,920	16,236	10,698
Vessel operating expenses:
Crew costs and related costs	39,266	34,385	22,575
Insurance expense	6,529	5,261	4,029
Spares, repairs, maintenance and other expenses	13,871	8,103	6,784
Stores and lubricants	9,818	7,512	5,288
Management fees (Note 4)	11,337	9,610	6,295
Other operating expenses	4,868	2,589	2,151
Total	$ 85,689	$ 67,460	$ 47,122

Basis of Presentation and General Information - Description of Standby Purchase Agreement (Table) (Details) $ / shares in Units, $ in Thousands	Dec. 31, 2023 USD ($) $ / shares shares
Common Units subscribed for in the Rights Offering [Member]
Common units \| shares	445,988
Subscription price per common unit \| $ / shares	$ 14.25
Value \| $	$ 6,355
Units issued to CMTC pursuant to the Standby Purchase Agreement [Member]
Common units \| shares	34,641,731
Subscription price per common unit \| $ / shares	$ 14.25
Value \| $	$ 493,645
Total Units Issued [Member]
Common units \| shares	35,087,719
Subscription price per common unit \| $ / shares	$ 14.25
Value \| $	$ 500,000

Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments

Derivative Instruments - Schedule of Derivative instruments (Assets/ Liabilities) at fair value (Table)

a)	*Derivative Asset:*

As of December 31, 2023:

Effective Date	Termination Date	Notional Amount in thousands of EUROS	Notional Amount in United States Dollars	Fixed Rate the Partnership receives in EURO	Fixed Rate the Partnership pays in United States Dollars		Fair Value December 31, 2023, in United States Dollars
26/07/2022	26/07/2029	100,000	101,800	4.40%	6.55%		6,636
				Total Fair Value		$	6,636

b)	*Derivative Liabilities:*

As of December 31, 2023:

Effective Date	Termination Date	Notional Amount in thousands of EUROS	Notional Amount in United States Dollars	Fixed Rate the Partnership receives in EURO	Fixed Rate the Partnership pays in United States Dollars		Fair Value December 31, 2023, in United States Dollars
21/10/2021	21/10/2025	120,000	139,716	2.65%	3.66%	$	5,758
21/10/2021	21/10/2025	30,000	34,929	2.65%	3.69%		1,422
				Total Fair Value		$	7,180

As of December 31, 2022:

Effective Date	Termination Date	Notional Amount in thousands of EUROS	Notional Amount in United States Dollars	Fixed Rate the Partnership receives in EURO	Fixed Rate the Partnership pays in United States Dollars		Fair Value December 31, 2022, in United States Dollars
26/07/2022	26/07/2029	100,000	101,800	4.40%	6.55%		816
21/10/2021	21/10/2025	120,000	139,716	2.65%	3.66%	$	10,068
21/10/2021	21/10/2025	30,000	34,929	2.65%	3.69%		2,641
				Total Fair Value		$	13,525

Derivative Instruments - Summary of Gain (Loss) on Change in Fair Value of Derivatives - Derivative Designated as Accounting Hedge (Table)

- Derivative designated as accounting hedge

	For the years ended December 31,
Amount of gain / (loss) recognized in other comprehensive income		2023		2022		2021
Cross-currency swap agreement related to 2022 Bonds	$	5,286	$	(1,757)	$	–
Reclassification to other income / (expense), net		(2,106)		(3,009)		–
Total gain/ (loss) recognized in accumulated other comprehensive income	$	3,180	$	(4,766)	$	–

Derivative Instruments - Summary of Gain (Loss) on Change in Fair Value of Derivatives - Derivatives not Designated as Accounting Hedge

- Derivatives not designated as accounting hedges:

	For the years ended December 31,
Amount of gain /(loss) recognized in other income / (expense), net		2023		2022		2021
Change in fair value of derivatives related to 2021 Bonds	$	5,529	$	(9,542)	$	(3,167)
Realized interest expense of derivatives related to 2021 Bonds		(2,111)		(2,258)		(374)
Total gain/ (loss) recognized in other income / (expense), net	$	3,418	$	(11,800)	$	(3,541)

Omnibus Incentive Compensation Plan (Details Narrative) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 18, 2022 $ / shares shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($)	Jan. 31, 2022 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units granted		0	745,769
Units vested		247,933	249,902
Value of unvested units accrued distribution \| $		$ 260
Share-Based Payment Arrangement, Noncash Expense \| $		3,786	$ 3,790	$ 2,043
Total compensation cost related to non vested awards \| $		$ 3,769
Expected period of recognition for recognized compensation cost		1 year
Omnibus Incentive Compensation Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of restricted common units authorized					1,045,000
Omnibus Incentive Compensation Plan [Member] \| Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of restricted common units authorized					750,000
Amended and Restated Compensation Plan (the "Plan") [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Units granted	743,800
Grant-date fair value \| $ / shares	$ 15.18
Number of annual installments for awards vested	3
Units vested		247,933	247,933
Amended And Restated Compensation Plan ("the Plan") [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Grant-date fair value \| $ / shares			$ 13.65
Units vested			1,969

Consolidated Consolidated Statements of Cash flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 47,208	$ 125,421	$ 98,178
Adjustments to reconcile net income to net cash provided by operating activities:
Vessel depreciation and amortization (Note 5)	84,199	69,272	46,935
Impairment of vessels (Note 5)	11,497	0	0
Gain on sale of vessels (Note 5)	0	(47,275)	(46,812)
Amortization and write-off of deferred financing costs	2,775	2,766	3,122
Amortization / accretion of above / below market acquired charters (Note 6)	891	12,010	7,287
Amortization of ineffective portion of derivatives	(260)	0	0
Equity compensation expense (Note 14)	3,786	3,790	2,043
Change in fair value of derivatives (Note 8)	(5,529)	10,959	3,167
Unrealized bonds exchange differences (Note 7)	6,018	(10,896)	(3,374)
Unrealized cash, cash equivalents and restricted cash exchange differences	0	(493)	0
Changes in operating assets and liabilities:
Trade accounts receivable, net	(1,015)	3,923	(3,170)
Prepayments and other assets	1,574	(3,768)	(201)
Due from related party	1,789	(3,636)	0
Inventories	1,106	(1,808)	(1,481)
Claims	685	(157)	(696)
Trade accounts payable	4,166	380	(252)
Due to related parties	4,963	(1,769)	(472)
Accrued liabilities	5,100	4,215	2,687
Deferred revenue	23,400	9,634	6,098
Dry-docking costs paid	(2,978)	0	(1,895)
Net cash provided by operating activities	189,375	172,568	111,164
Cash flows from investing activities:
Vessel acquisitions, vessels under construction and improvements including time charter agreements (Notes 5, 6)	(467,632)	(117,233)	(368,096)
Advances for vessels under construction – related party (Notes 4, 5)	0	(24,000)	0
Net proceeds from sale of vessels (Note 5)	20,540	127,124	193,031
Net cash used in investing activities	(447,092)	(14,109)	(175,065)
Cash flows from financing activities:
Proceeds from long-term debt (Note 7)	392,000	206,276	204,266
Deferred financing costs paid	(3,841)	(4,347)	(6,131)
Payments of long-term debt (Note 7)	(109,786)	(218,954)	(145,471)
Proceeds from rights offering (Notes 1, 13)	45,817	0	0
Rights offering costs paid	(824)
Repurchase of common units (Note 13)	(4,112)	(5,911)	(4,499)
Dividends paid (Note 13)	(12,242)	(12,155)	(7,613)
Net cash provided by/ (used in) financing activities	307,012	(35,091)	40,552
Net increase / (decrease) in cash, cash equivalents and restricted cash	49,295	123,368	(23,349)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0	493	0
Cash, cash equivalents and restricted cash at the beginning of the year	154,848	30,987	54,336
Cash, cash equivalents and restricted cash at the end of the year	204,143	154,848	30,987
Supplemental cash flow information
Cash paid for interest	98,606	49,179	15,750
Non-Cash Investing and Financing Activities
Capital expenditures included in liabilities	6,684	1,663	1,008
Capitalized dry-docking costs included in liabilities	4,149	29	123
Deferred financing costs included in liabilities	1,934	220	112
Expenses for sale of vessels included in liabilities (Note 5)	440	1,300	1,984
Seller’s credit agreements in connection with the acquisition of vessel owning companies (Notes 4, 5, 7)	0	0	16,000
Sale and lease back agreements and credit facility assumed in connection with the acquisition of vessel owning companies (Notes 5, 7)	196,317	0	866,344
Issuance of common units in connection with the acquisition of vessel owning companies (Notes 5, 13)	0	0	15,277
Amounts for the acquisition of vessel owning companies and companies owning vessels under construction, netted against the amount due from CMTC pursuant to the Standby Purchase Agreement (Notes 1, 4, 5, 13)	279,783	0	0
Advances for vessels under construction - related party, netted against the amount due from CMTC pursuant to the Standby Purchase Agreement (Notes 1, 4, 5, 13)	174,400	0	0
Re-issuance of treasury units in connection with the acquisition of a vessel owning company (Notes 5, 13)	0	6,583	0
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	192,422	144,635	20,373
Restricted cash - Non-current assets	11,721	10,213	10,614
Total cash, cash equivalents and restricted cash shown in the statements of cash flows	$ 204,143	$ 154,848	$ 30,987

Revenues

12 Months Ended

Dec. 31, 2023

Revenues

Revenues

3. Revenues

The following table shows the revenues earned from time and voyage charters contracts for the years ended December 31, 2023, 2022 and 2021:

		For the years ended December 31,
		2023		2022		2021
Time charters (operating leases)	$	349,628	$	283,962	$	171,134
Voyage charters		10,958		15,109		13,531
Total	$	360,586	$	299,071	$	184,665

As of December 31, 2023, all of the Partnership’s vessels were employed under time charter agreements with the remaining tenor ranging between 1.0 and 9.2 years. From these time charter agreements 15 include extensions at the charterers’ option that range between 2.2 to 9.2 years. As of December 31, 2022, 19 out of 20, of the Partnership’s vessels were employed under time charter agreements with remaining tenor ranging between 0.2 and 9.5 years, while one vessel was employed under a voyage charter.

As of December 31, 2023 and 2022 there were no voyage expenses incurred between the contract date and the date of the vessel’s arrival to the load port and no unearned revenue related to undelivered performance obligations.

Consolidated Statements of Changes in Partners' Capital - USD ($) $ in Thousands	General Partner [Member]	Common Unitholders [Member]	Treasury Units [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 8,816	$ 413,262	$ 0	$ 0	$ 422,078
Distributions declared / paid (distributions of $0.40, $0.60 and $0.60 per common unit in 2021, 2022 and 2023, respectively)	(140)	(7,473)	0	0	(7,613)
Partnership’s net income	1,790	96,388	0	0	98,178
Equity compensation expense (Note 14)	0	2,043	0	0	2,043
Issuance of common units in connection with the acquisition of vessel owning companies (Notes 4, 5, 13)	0	15,277	0	0	15,277
Repurchase of common units (Note 13)	0	0	(4,499)	0	(4,499)
Other comprehensive income (Note 8)					0
Ending balance, value at Dec. 31, 2021	10,466	519,497	(4,499)	0	525,464
Distributions declared / paid (distributions of $0.40, $0.60 and $0.60 per common unit in 2021, 2022 and 2023, respectively)	(209)	(11,946)	0	0	(12,155)
Partnership’s net income	2,157	123,264	0	0	125,421
Equity compensation expense (Note 14)	0	3,790	0	0	3,790
Re-issuance of treasury units in connection with the acquisition of a vessel owning company (Notes 5, 13)	0	0	6,583	0	6,583
Repurchase of common units (Note 13)	0	0	(5,911)	0	(5,911)
Other comprehensive income (Note 8)			0	(4,766)	(4,766)
Ending balance, value at Dec. 31, 2022	12,414	634,605	(3,827)	(4,766)	638,426
Distributions declared / paid (distributions of $0.40, $0.60 and $0.60 per common unit in 2021, 2022 and 2023, respectively)	(209)	(12,033)	0	0	(12,242)
Partnership’s net income	680	46,528	0	0	47,208
Equity compensation expense (Note 14)	0	3,786	0	0	3,786
Repurchase of common units (Note 13)	0	0	(4,112)	0	(4,112)
Other comprehensive income (Note 8)	0	0	0	3,180	3,180
Issuance of Partnership’s common units, net - rights offering (Note 1)	0	498,687	0	0	498,687
Ending balance, value at Dec. 31, 2023	$ 12,885	$ 1,171,573	$ (7,939)	$ (1,586)	$ 1,174,933

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482740/230-10-45-28

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B

Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

- Definition

Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.

+ References + Details

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2023
Accounting Policies [Abstract]
Principles of Consolidation	*(a) Principles of Consolidation:* The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the accounts of the legal entities comprising the Partnership as discussed in Note 1. Intra-group balances and transactions have been eliminated upon consolidation.
Use of Estimates	*(b) Use of Estimates:* The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the amounts of revenues and expenses recognized during the reporting period. Actual results could differ from those estimates.
Accounting for Revenue, Voyage Expenses and Operating Expenses	*(c) Accounting for Revenue, Voyage Expenses and Operating Expenses: Revenue is generated from time or voyage charter contracts. Time charters contracts* A time charter is a contract for the use of a vessel for a specific period of time and a specified daily charter hire rate, which is generally payable in advance. A time charter generally provides typical warranties and owner protective restrictions. A time charter begins when the vessel is delivered to the charterer and ends when the vessel is redelivered back to its owner. The time charter contracts are considered operating leases because (i) the vessel is an identifiable asset (ii) the owner of the vessel does not have substantive substitution rights and (iii) the charterer has the right to control the use of the vessel during the term of the contract and derives the economic benefits from such use. Revenues from time charters are recognized ratably on a straight-line basis over the period of the respective charter. Under time charter agreements, all voyage expenses, except commissions are assumed by the charterer. Operating costs incurred for running the vessel such as crew costs, vessel insurance, repairs and maintenance and lubricants are paid by the Partnership under time charter agreements. Voyage charters contracts A voyage charter is a contract in which the vessel owner undertakes to transport a specific amount and type of cargo on a load port-to-discharge port basis, subject to various cargo handling terms. The Partnership accounts for a voyage charter when all the following criteria are met: (1) the parties to the contract have approved the contract in the form of a written charter agreement and are committed to perform their respective obligations, (2) the Partnership can identify each party’s rights regarding the services to be transferred, (3) the Partnership can identify the payment terms for the services to be transferred, (4) the charter agreement has commercial substance (that is, the risk, timing, or amount of the Partnership’s future cash flows is expected to change as a result of the contract) and (5) it is probable that the Partnership will collect substantially all of the consideration to which it will be entitled in exchange for the services that will be transferred to the charterer. The Partnership determined that its voyage charters consist of a single performance obligation which is met evenly as the voyage progresses and begins to be satisfied once the vessel is ready to load the cargo. The voyage charter party agreement generally has a demurrage/dispatch clause according to which in the case of demurrage, the charterer reimburses the vessel owner for any potential delays exceeding the allowed lay time as per the charter party clause at the ports visited which is recorded as demurrage revenue. In the case of dispatch, the owner reimburses the charterer for the earlier discharging of the cargo from the agreed time. Demurrage/despatch revenues are recognized starting from the point that is determined that the amount can be estimated, and its collection/payment is probable and on a straight-line basis until the end of the voyage. Revenues from voyage charters are recognized on a straight-line basis over the voyage duration which commences once the vessel is ready to load the cargo and terminates upon the completion of the discharge of the cargo. Under Accounting Standards Codification (“ASC”) 606, receivables represent an entity’s unconditional right to consideration, whether billed or unbilled. In voyage charters, vessel operating expenses and voyage expenses are paid for by the Partnership. The voyage charters are considered service contracts which fall under the provisions of ASC 606, because the Partnership retains control over the operations of the vessels, such as the routes taken or the vessels’ speed. Payment terms under voyage charters are disclosed in the relevant voyage charter agreements and generally have standard payment terms of 90% to 95% of the freight which is paid within three days after the completion of the vessel’s loading. 2. Significant Accounting Policies – Continued *(c) Accounting for Revenue, Voyage Expenses and Operating Expenses - Continued:* Vessel voyage expenses are direct expenses to voyage revenues and primarily consist of brokerage commissions, port expenses, canal dues and bunkers. Brokerage commissions are paid to shipbrokers for their time and efforts for negotiating and arranging charter party agreements on behalf of the Partnership and are expensed over the related charter period. All other voyage expenses are expensed as incurred, except for expenses during the ballast portion of the voyage (period between the contract date and the date of the vessel’s arrival to the load port). Any expenses incurred during the ballast portion of the voyage such as bunker expenses, canal tolls and port expenses are deferred and are recognized on a straight-line basis, in voyage expenses, over the voyage duration as the Partnership satisfies the performance obligations under the contract provided these costs are (1) incurred to fulfill a contract that we can specifically identify, (2) able to generate or enhance resources of the company that will be used to satisfy performance of the terms of the contract, and (3) expected to be recovered from the charterer. These costs are considered ‘contract fulfillment costs’ and are included in ‘prepayments and other assets’ in the consolidated balance sheets. Vessel operating expenses presented in the consolidated financial statements mainly consist of crew, repairs and maintenance, insurance, stores, spares, lubricants, other operating expenses and management fees payable to the Partnership’s managers. Vessel operating expenses are expensed as incurred.
Foreign Currency Transactions	*(d) Foreign Currency Transactions:* The functional currency of the Partnership is the U.S. Dollar because the Partnership’s vessels operate in international shipping markets that utilize the U.S. Dollar as the functional currency. The accounting records of the Partnership are maintained in U.S. Dollars. Transactions involving other currencies during the year are converted into U.S. Dollars using the exchange rates in effect at the time of the transactions. At the balance sheet dates, monetary assets and liabilities, which are denominated in currencies other than the U.S. Dollar, are translated into the functional currency using the exchange rate at those dates. Gains or losses resulting from foreign currency transactions are included in “Other income / (expense), net” in the consolidated statements of comprehensive income.
Cash and Cash Equivalents	*(e) Cash and Cash Equivalents:* The Partnership considers highly liquid investments such as time deposits and certificates of deposit with an original maturity of three months or less to be cash equivalents. As of December 31, 2023, and 2022 the cash and cash equivalents of the Partnership were $192,422 and $144,635, respectively.
Restricted cash	*(f) Restricted cash:* For the Partnership to comply with debt covenants under its credit facilities, sale and lease back agreements and unsecured bonds, it must maintain minimum cash deposits. Such deposits are considered by the Partnership to be restricted cash. As of December 31, 2023, and 2022 the restricted cash of the Partnership were $11,721 and $10,213, respectively.
Trade Accounts Receivable, net	*(g) Trade Accounts Receivable, net:* The amount shown as trade accounts receivable, net primarily consists of earned revenue that has not been billed yet or that has been billed but has not yet been collected. At each balance sheet date all potentially uncollectible accounts are assessed individually for purposes of determining the appropriate write off. As of December 31, 2023, and 2022 the Partnership had trade accounts receivables of $3,117 and $2,102, respectively. For the year ended December 31, 2023, and 2022 the respective write off amounted to nil and $920, respectively. 0
Inventories	*(h) Inventories:* Inventories consist of consumable bunkers, lubricants, spares and stores and are stated at the lower of cost and net realizable value. Net realizable value is the estimated selling prices less reasonably predictable costs of disposal and transportation. The cost is determined by the first-in, first-out method. As of December 31, 2023, and 2022 the value of the Partnership’s inventories was $5,553 and $6,817, respectively.
Vessels Held for Sale	*(i) Vessels Held for Sale:* The Partnership classifies vessels as being held for sale when the following criteria are met: (i) management is committed to sell the asset; (ii) the asset is available for immediate sale in its present condition; (iii) an active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated; (iv) the sale of the asset is probable, and transfer of the asset is expected to qualify for recognition as a completed sale within one year; (v) the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Vessels classified as held for sale are measured at the lower of their carrying amount or fair value less costs to sell. These vessels are not depreciated once they meet the criteria to be classified as held for sale. If a plan to sell a vessel is cancelled, the Partnership reclassifies the vessel as held for use and re-measures it at the lower of (i) its carrying amount before the vessel was classified as held for sale, adjusted for any depreciation expense that would have been recognized if the vessel had been continuously classified as held and used and (ii) its fair value at the date of the subsequent decision not to sell. On December 15, 2023, the Partnership agreed to sell to an unaffiliated party the M/V Long Beach Express (Notes 5, 6). On that date the Partnership considered that the M/V Long Beach Express met the criteria to be classified as held for sale. 2. Significant Accounting Policies – Continued
Fixed Assets	*(j) Fixed Assets:* Fixed assets consist of vessels, which are stated at cost, less accumulated depreciation. Vessel cost consists of the contract price for the vessel, any material expenses incurred during its construction (improvements and delivery expenses, on-site supervision costs incurred during the construction periods, as well as capitalized interest expense during the construction period). Certain subsequent expenditures for major improvements and regulatory requirements are also capitalized if it is determined that they appreciably extend the life, increase the earning capacity or improve the efficiency or safety of the vessels. Vessels acquired through acquisition of businesses are recorded at their acquisition date fair values. Vessels acquired through asset acquisitions are recorded at cost. The cost of each of the Partnership’s vessels is depreciated, beginning when the vessel is ready for its intended use, on a straight-line basis over the vessel’s remaining economic useful life, after considering the estimated residual value. Management estimates the scrap value of the Partnership’s vessels to be $0.2 per light weight ton (“LWT”) and useful life to be 25 years for the container carrier and bulk carrier vessels and 35 years for the LNG/C vessels (Note 5).
Impairment of Vessels	*(k) Impairment of Vessels:* An impairment loss on vessels is recognized when indicators of impairment are present and the carrying amount of the vessel is greater than its fair value and is determined not to be recoverable. In determining future benefits derived from use of the vessels, the Partnership performs an analysis of the anticipated undiscounted future net cash flows of the related vessel. If the carrying value of the asset, including any related intangible assets and liabilities, exceeds its undiscounted future net cash flows, the carrying value is reduced to its fair value. Various factors including future charter rates and vessel operating costs are included in this analysis. The Partnership has performed an undiscounted cash flow test as of December 31, 2023, and 2022, determining undiscounted projected net operating cash flows for each vessel for which an indication for impairment was present and compared them to the carrying amount of the vessels, and any related intangible assets and liabilities. In developing estimates of future cash flows, the Partnership made assumptions about future charter rates, utilization rates, vessel operating expenses, future dry-docking costs, the estimated remaining useful life of the vessels and their estimated residual value. These assumptions are based on historical trends as well as future expectations that are in line with the Partnership’s historical performance and expectations for the vessels’ utilization under the current deployment strategy. Based on these assumptions, the Partnership determined that the vessels held for use and their related intangible assets and liabilities were not impaired as of December 31, 2023 and 2022.
Deferred charges, net	*(l) Deferred charges, net*: Deferred charges, net are comprised mainly of dry-docking costs. The Partnership’s vessels are required to be dry-docked every 30 to 60 months for major repairs and maintenance that cannot be performed while the vessels are under operation. The Partnership has adopted the deferral method of accounting for dry-docking activities whereby costs incurred are deferred and amortized on a straight-line basis over the period until the next scheduled dry-docking activity. As of December 31, 2023, and 2022 the Partnership had deferred charges, net of $4,714 and $289, respectively.
Intangible assets	*(m) Intangible assets:* The Partnership records all identified tangible and intangible assets, or any liabilities associated with the acquisition of a business or an asset, at fair value. When a vessel or a business that owns a vessel is acquired with an existing charter agreement, the Partnership considers whether any value should be assigned to the attached charter agreement acquired. The value to be assigned to the charter agreement is based on the present value of the difference of the contractual charter rate of the agreement acquired and the prevailing market rate for a charter of equivalent duration at the time of the acquisition, determined by independent appraisers as at that date. The resulting above-market (assets) or below-market (liabilities) charters are amortized using the straight-line method as a reduction or increase, respectively, to revenues over the remaining term of the charters (Note 6).
Net Income Per Limited Partner Unit	*(n) Net Income Per Limited Partner Unit:* Basic net income per limited partner unit is calculated by dividing the Partnership’s net income less net income allocable to preferred unit holders, (if any), general partner’s interest in net income (including incentive distribution rights (“IDR”)) and net income allocable to unvested units, by the weighted-average number of common units outstanding during the period (Note 15). Diluted net income per limited partner unit reflects the potential dilution that could occur if securities or other contracts to issue limited partner units were exercised.
Segment Reporting	*(o) Segment Reporting:* The Partnership reports financial information and evaluates its operations by charter revenues and not by the length, type of vessel or type of ship employment for its customers, i.e. time or voyage charters. The Partnership does not use discrete financial information to evaluate the operating results for each such type of charter or vessel. Although revenue can be identified for these types of charters or vessels, management cannot and does not identify expenses, profitability or other financial information for these various types of charters or vessels. As a result, management, including the chief operating decision maker, reviews operating results solely by revenue per day and operating results of the fleet, and thus the Partnership has determined that it operates as one reportable segment. Furthermore, when the Partnership charters a vessel to a charterer, the charterer is free to trade the vessel worldwide and, as a result, the disclosure of geographic information is impracticable. 2. Significant Accounting Policies – Continued
Omnibus Incentive Compensation Plan	*(p) Omnibus Incentive Compensation Plan:* Equity compensation expense represents vested and unvested units granted to employees and to non-employee directors, for their services as directors, as well as to non-employees and are included in general and administrative expenses in the consolidated statements of comprehensive income. These units are measured at their fair value equal to the market value of the Partnership’s common units on the grant date. The units that contain a time-based service vesting condition are considered unvested units on the grant date and the total fair value of such units is recognized on a straight-line basis over the requisite service period (Note 14).
Treasury Units	*(q) Treasury Units:* The Partnership records the repurchase of its common units at cost based on the settlement dates of repurchase transactions. These units are classified as treasury units, which is a reduction to partners’ capital. Treasury units are included in authorized and issued units but excluded from outstanding units (Note 13).
Fair value of financial instruments	*(r) Fair value of financial instruments:* The Partnership follows the accounting guidance for financial instruments that establishes a framework for measuring fair value under generally accepted accounting principles and expands disclosure about fair value measurements. This guidance enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The statement requires that assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories: Level 1: Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date; Level 2: Inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and Level 3: Inputs are unobservable inputs for the asset or liability.
Derivative Instruments	*(s) Derivative Instruments:* The Partnership from time to time may enter into derivative instruments to hedge its exposure to foreign exchange or interest rate risks arising from operational, financing and investment activities. Derivatives are initially measured at fair value; attributable transaction costs are expensed as incurred. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Partnership has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as foreign currency risk and interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect in a cash flow hedge. When the derivatives do qualify for hedge accounting, depending upon the nature of the hedge, changes in fair value of the derivatives are either offset against the fair value of assets, liabilities or firm commitments through income, or recognized in other comprehensive income (effective portion) until the hedged item is recognized in the consolidated statements of comprehensive income. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply, or the Company elects not to apply hedge accounting to such contracts (Note 8).

Basis of Presentation and General Information (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and General Information - LNG/ Cs vessels acquired (Table)

Hull Number/Vessel name	Capacity in Cubic Meters (“CBM”)	Delivery/ Expected delivery date to the Partnership
Hull 3315 – LNG/C Amore Mio I	174,000	Delivered on December 21, 2023
Initial Vessels
Hull 3316 – LNG/C Axios II	174,000	Delivered on January 2, 2024
Hull 3341 – LNG/C Assos	174,000	May 2024
Hull 3342 – LNG/C Apostolos	174,000	June 2024
Hull 8140 – LNG/C Aktoras	174,000	July 2024
Hull 8198 – LNG/C Archimidis	174,000	January 2026
Hull 8199 – LNG/C Agamemnon	174,000	March 2026
Remaining Vessels
Hull 8202 – LNG/C Alcaios I	174,000	September 2026
Hull 8203 – LNG/C Antaios I	174,000	November 2026
Hull 8206 – LNG/C Athlos	174,000	February 2027
Hull 8207 – LNG/C Archon	174,000	March 2027

Basis of Presentation and General Information - Description of Standby Purchase Agreement (Table)

Description	Common Units		Subscription Price per Common Unit		Value
Common Units subscribed for in the Rights Offering	445,988	$	14.25	$	6,355
Units issued to CMTC pursuant to the Standby Purchase Agreement	34,641,731		14.25		493,645
Total Units Issued	35,087,719	$	14.25	$	500,000

Basis of Presentation and General Information - Description of Amounts Paid or Deemed by the Partnership and CMTC (Table)

Description	Method of Settlement		Value
From the Partnership to CMTC
10% deposit on the Initial Vessels	Netted against the amount due from CMTC pursuant to the Standby Purchase Agreement	$	174,400
Payment for the Remaining Vessels			138,100
Part of purchase price of LNG/C Amore Mio I			141,683
Total		$	454,183
From CMTC to the Partnership
Total amount due pursuant to the Standby Purchase Agreement	Netted against the total amount due from the Partnership	$	454,183
Total amount due pursuant to the Standby Purchase Agreement	Cash settlement		39,462
Total		$	493,645

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

Subsidiary	Date of Incorporation	Name of Vessel Owned by Subsidiary	Deadweight (“DWT”)	Date acquired by the Partnership/ Estimated delivery dates	Date acquired by CMTC or CGC Operating Corp. (“CGC”)
Capital Product Operating LLC	01/16/2007	—	—	—	—
CPLP Shipping Holdings PLC	08/14/2021	—	—	—	—
CPLP Gas Operating Corp.	08/24/2021	—	—	—	—
Patroklos Marine Corp.	06/17/2008	M/V Cape Agamemnon ⁽¹⁾	179,221	06/09/2011	01/25/2011
Agamemnon Container Carrier Corp.	04/19/2012	M/V Agamemnon ⁽²⁾	108,892	12/22/2012	06/28/2012
Archimidis Container Carrier Corp.	04/19/2012	M/V Archimidis ⁽²⁾	108,892	12/22/2012	06/22/2012
Anax Container Carrier S.A.	04/08/2011	M/V Hyundai Prestige	63,010	09/11/2013	02/19/2013
Hercules Container Carrier S.A.	04/08/2011	M/V Hyundai Premium	63,010	03/20/2013	03/11/2013
Iason Container Carrier S.A.	04/08/2011	M/V Hyundai Paramount	63,010	03/27/2013	03/27/2013
Thiseas Container Carrier S.A.	04/08/2011	M/V Hyundai Privilege	63,010	09/11/2013	05/31/2013
Cronus Container Carrier S.A.	07/19/2011	M/V Hyundai Platinum	63,010	09/11/2013	06/14/2013
Dias Container Carrier S.A.	05/16/2013	M/V Akadimos	115,534	06/10/2015	06/10/2015
Poseidon Container Carrier S.A.	05/16/2013	M/V Adonis ⁽³⁾	115,639	09/18/2015	09/18/2015
Atrotos Container Carrier S.A.	10/25/2013	M/V CMA CGM Magdalena ⁽³⁾	115,639	02/26/2016	02/26/2016
Deka Container Carrier S.A.	03/28/2017	M/V Athenian ⁽⁴⁾	118,834	01/22/2020	04/28/2017
Jupiter Container Carrier S.A.	03/28/2017	M/V Athos ⁽⁴⁾	118,888	01/23/2020	05/19/2017
Nikitis Container Carrier S.A.	03/28/2017	M/V Aristomenis ⁽⁴⁾	118,712	01/23/2020	06/27/2017
Neos Container Carriers Corp.	09/04/2020	M/V Long Beach Express ⁽⁵⁾	68,618	02/25/2021	01/07/2021
Maistros Container Carriers Corp.	09/04/2020	M/V Seattle Express ⁽⁴⁾	68,411	02/25/2021	01/07/2021
Filos Container Carriers Corp.	09/04/2020	M/V Fos Express ⁽⁴⁾	68,579	02/25/2021	01/07/2021
Panormos Container Carrier S.A.	12/17/2020	M/V Manzanillo Express	142,411	10/12/2022	10/12/2022
Ektoras Container Carrier S.A.	12/17/2020	M/V Itajai Express	142,411	01/10/2023	01/10/2023
Monos Container Carrier S.A.	02/05/2021	M/V Buenaventura Express	142,411	06/20/2023	06/20/2023
Assos Gas Carrier Corp.	07/16/2018	LNG/C Aristos I	81,978	09/03/2021	11/12/2020
Dias Gas Carrier Corp.	07/16/2018	LNG/C Aristarchos	81,956	09/03/2021	06/15/2021
Atrotos Gas Carrier Corp.	07/16/2018	LNG/C Aristidis I	81,898	12/16/2021	01/04/2021
Poseidon Gas Carrier Corp.	07/16/2018	LNG/C Attalos	81,850	11/18/2021	08/13/2021
Maximus Gas Carrier Corp.	04/10/2019	LNG/C Asklipios	81,882	11/18/2021	09/29/2021
Kronos Gas Carrier Corp.	02/04/2019	LNG/C Adamastos	82,095	11/29/2021	08/23/2021
Hermes Gas Carrier Corp.	07/05/2019	LNG/C Asterix I	81,932	02/17/2023	02/17/2023
Omega Gas Carriers Corp.	06/18/2021	LNG/C Amore Mio I	82,076	12/21/2023	10/31/2023
Aqua Gas Carrier Corp.	01/17/2023	LNG/C Alcaios I (Hull – 8202) ⁽⁶⁾	—	09/2026 ⁽⁷⁾	—
Mare Gas Carrier Corp.	01/17/2023	LNG/C Antaios I (Hull – 8203) ⁽⁶⁾	—	11/2026 ⁽⁷⁾	—
Polis Gas Carrier Corp.	03/27/2023	LNG/C Athlos (Hull – 8206) ⁽⁶⁾	—	02/2027 ⁽⁷⁾	—
Elpis Gas Carrier Corp.	03/27/2023	LNG/C Archon (Hull – 8207) ⁽⁶⁾	—	03/2027 ⁽⁷⁾	—

(1)	Vessel was disposed in 2023
(2)	Vessels were disposed in 2022
(3)	Vessels were disposed in 2021
(4)	Vessels agreed to be disposed in 2024
(5)	Vessel classified as held for sale as of December 31, 2023
(6)	Vessels are under construction
(7)	Estimated delivery dates for newbuild vessels as of December 31, 2023

Voyage Expenses and Vessel Operating Expenses (Tables)

12 Months Ended

Dec. 31, 2023

Voyage Expenses And Vessel Operating Expenses

Voyage expenses and vessel operating expenses


	For the years ended December 31,
		2023		2022		2021
Voyage expenses:
Commissions	$	6,781	$	6,134	$	4,278
Bunkers		5,418		7,365		4,204
Port expenses		2,246		1,819		1,633
Other		475		918		583
Total	$	14,920	$	16,236	$	10,698
Vessel operating expenses:
Crew costs and related costs	$	39,266	$	34,385	$	22,575
Insurance expense		6,529		5,261		4,029
Spares, repairs, maintenance and other expenses		13,871		8,103		6,784
Stores and lubricants		9,818		7,512		5,288
Management fees (Note 4)		11,337		9,610		6,295
Other operating expenses		4,868		2,589		2,151
Total	$	85,689	$	67,460	$	47,122

Net Income Per Unit (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Net Income Per Unit - Basic and Diluted (Table)

BASIC AND DILUTED		2023		2022		2021
Numerators
Partnership’s net income	$	47,208	$	125,421	$	98,178
Less:
General Partner’s interest in Partnership’s net income		680		2,157		1,790
Partnership’s net income allocable to unvested units		929		3,662		2,053
Common unit holders’ interest in Partnership’s net income	$	45,599	$	119,602	$	94,335
Denominators
Weighted average number of common units outstanding, basic and diluted		21,182,471		19,325,030		18,342,413
Net income per common unit:
Basic and Diluted (in United States Dollars)	$	2.15	$	6.19	$	5.14

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Income Statement [Abstract]

General and administrative expenses - related party

^[1]

$ 2,564

$ 2,244

$ 2,013

[1]	General and administrative expenses:This line item mainly includes fees relating to internal audit, investor relations and consultancy fees.

Above / Below Market Acquired Charters (Tables)

12 Months Ended

Dec. 31, 2023

Above Below Market Acquired Charters

Above / Below market acquired time charters (Table)

		Above market acquired charters		Below market acquired charters
Carrying amount as at January 1, 2022	$	48,605	$	(14,643)
(Amortization) / accretion		(16,285)		4,275
Carrying amount as at December 31, 2022	$	32,320	$	(10,368)
Additions		67,227		(94,889)
(Amortization) / accretion		(16,158)		15,267
Transfer to below market acquired charter associated with vessel held for sale		—		1,447
Carrying amount as at December 31, 2023	$	83,389	$	(88,543)

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

For the year ending December 31,		Above market acquired charters		Below market acquired charters
2024	$	36,256	$	(16,352)
2025		28,820		(14,338)
2026		18,313		(13,004)
2027		—		(13,004)
2028		—		(13,040)
Thereafter		—		(18,805)
Total	$	83,389	$	(88,543)

Financial Instruments

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

9. Financial Instruments

(a) Fair value of financial instruments

Cash and cash equivalents, restricted cash and other assets and liabilities.

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

Long-term debt

The fair value of variable rate long-term debt (Note 7) approximates the recorded value, due to its variable interest being based on the SOFR rates (on the LIBOR and the SOFR, for 2022) and due to the fact that the lenders have the ability to pass on their funding cost to the Partnership under certain circumstances, which reflects their current assessed risk. We believe the terms of our loans are similar to those that could be procured as of December 31, 2023. SOFR rates are observable at commonly quoted intervals for the full term of the loans and hence bank loans are considered Level 2 items in accordance with the fair value hierarchy.

The fair value of the fixed rate long-term debt (Note 7 ((i), (xv) and (xvi)) as of December 31, 2023, was approximately $147,210 (carrying value: $169,115) and was determined by using Level 2 inputs being the discounted expected cash flows of the outstanding amount.

The 2022 Bonds and the 2021 Bonds (Note 7 ((xix) and (xx))) have a fixed rate, and their estimated fair values as of December 31, 2023, were determined through Level 1 inputs of the fair value hierarchy (quoted price under the ticker symbols CPLPB1 and CPLPB2 on Athens Stock Exchange) and were approximately $215,071 (carrying value: $276,640).

Derivative instruments

As of December 31, 2023:

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

Recurring Measurements:		December 31, 2023		Quoted prices in active markets for identical assets (Level 1)		Significant other Observable inputs (Level 2)		Unobservable Inputs (Level 3)
Cross Currency SWAP (100,000) – asset position	$	6,636	$	–	$	6,636	$	–
Cross Currency SWAP (120,000) – liability position		(5,758)		–		(5,758)		–
Cross Currency SWAP (30,000) – liability position		(1,422)		–		(1,422)		–
Total	$	(544)	$	–	$	(544)	$	–

As of December 31, 2022:

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

Recurring Measurements:		December 31, 2022		Quoted prices in active markets for identical assets (Level 1)		Significant other Observable inputs (Level 2)		Unobservable Inputs (Level 3)
Cross Currency SWAP (100,000) - liability position	$	(10,068)	$	–	$	(10,068)	$	–
Cross Currency SWAP (120,000) – liability position		(2,641)		–		(2,641)		–
Cross Currency SWAP (30,000) – liability position		(816)		–		(816)		–
Total	$	(13,525)	$	–	$	(13,525)	$	–

The fair value (Level 2) of cross-currency swap derivative agreements is the present value of the estimated future cash flows that we would receive or pay to terminate the agreements at the balance sheet date, taking into account, as applicable, current interest rates, foreign exchange rates and the credit worthiness of both us and the derivative counterparty. This line item is presented in “Derivative asset” and “Derivative liabilities” in the consolidated balance sheets.

There were no Level 3 items.

(b) Concentration of credit risk

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

For the year ended December 31, 2023, Hapag-Lloyd Aktiengesellschaft (“Hapag-Lloyd”), BP Gas Marketing Limited (“BP”), Cheniere Marketing International LLP (“Cheniere”) and Hyundai Merchant Marine Co Ltd. (“HMM”) accounted for 24%, 21%, 16% and 15% of the Partnership’s revenues, respectively. For the year ended December 31, 2022, BP, HMM, Cheniere and Hapag-Lloyd accounted for 28%, 18%, 17% and 16% of the Partnership’s revenues, respectively. For the year ended December 31, 2021, HMM and Hapag-Lloyd accounted for 29% and 24% of the Partnership’s revenues, respectively.

Long-Term Debt - Bank Loans (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total long-term debt	$ 0	$ 0	$ 16,000
Total long-term debt	1,787,781	1,299,220
Total long-term debt	196,317	0	$ 866,344
Less: Deferred loan and financing arrangements issuance costs	12,486	10,142
Total long-term debt, net	1,775,295	1,289,078
Less: Current portion of long-term debt	105,911	75,438
Add: Current portion of deferred loan and financing arrangements issuance costs	2,795	2,225
Long-term debt, net	1,672,179	1,215,865
(i) Issued in January 2021 maturing in February 2026 (the “CMTC Seller’s Credit”) [Member]
Debt Instrument [Line Items]
Total long-term debt	$ 6,000	6,000
Rate of interest	Fixed rate
(ii) Assumed in December 2021 maturing in December 2027 (the “2021 credit facility”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + Secured Overnight Financing Rate (“SOFR”)
Total long-term debt	$ 101,087	110,827
(iii) Issued in October 2022 maturing in October 2028 (the “2022 credit facility”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + SOFR
Total long-term debt	$ 99,680	105,000
(iv) Issued in June 2023 maturing in June 2031 (the “2023 credit facility”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + SOFR
Total long-term debt	$ 96,875	0
(v) Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + SOFR
Total long-term debt	$ 26,500	29,700
(vi) Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + SOFR
Total long-term debt	$ 26,500	29,700
(vii) Issued in May 2020 maturing in May 2027 (the “ICBCFL”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + SOFR
Total long-term debt	$ 38,332	41,996
(viii) Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin +SOFR
Total long-term debt	$ 0	8,083
(ix) Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + SOFR
Total long-term debt	$ 0	8,083
(x) Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + SOFR
Total long-term debt	$ 0	8,083
(xi) Assumed in September 2021 maturing in October 2027 (the “2021 Bocomm”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + SOFR
Total long-term debt	$ 126,479	138,888
(xii) Assumed in September 2021 maturing in May 2028 (the “2021 Bocomm”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + SOFR
Total long-term debt	$ 120,232	132,217
(xiii) Assumed in November 2021 maturing in August 2028 (the “2021 CMBFL - LNG/C”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + SOFR
Total long-term debt	$ 130,873	139,183
(xiv) Assumed in November 2021 maturing in September 2028 (the “2021 CMBFL - LNG/C”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + SOFR
Total long-term debt	$ 129,829	138,072
(xv) Assumed in November 2021 maturing in July 2036 (the “2021 Shin Doun”) [Member]
Debt Instrument [Line Items]
Rate of interest	Fixed rate
Total long-term debt	$ 130,715	136,778
(xvi) Issued in December 2022 maturing in January 2031 (the “2022 Jolco”) [Member]
Debt Instrument [Line Items]
Rate of interest	($71,884: Margin + SOFR, $32,400: Fixed rate)
Total long-term debt	$ 104,284	0
(xvii) Issued in February 2023 maturing in February 2033 (the “2023 CMBFL - LNG/C”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + SOFR
Total long-term debt	$ 177,438	0
(xviii) Assumed in December 2023 maturing in October 2033 (the “2023 CMBFL - LNG/C AMI”) [Member]
Debt Instrument [Line Items]
Rate of interest	Margin + SOFR
Total long-term debt	$ 196,317	0
(xix) Issued in October 2021 maturing in October 2026 (the "2021 Bonds") [Member]
Debt Instrument [Line Items]
Rate of interest	Fixed rate
Total long-term debt	$ 165,984	159,966
(xx) Issued in July 2022 maturing in July 2029 (the “2022 Bonds”) [Member]
Debt Instrument [Line Items]
Rate of interest	Fixed rate
Total long-term debt	$ 110,656	$ 106,644

Above / Below Market Acquired Charters (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Above Below Market Acquired Charters
Amortization of above market acquired charters	$ 16,158	$ 16,285
Accretion of below market acquired charters	$ 15,267	$ 4,275

Partners’ Capital (Details Narrative) $ / shares in Units, $ in Thousands	1 Months Ended	9 Months Ended	12 Months Ended
	Jan. 26, 2023 USD ($)	Oct. 12, 2022 USD ($) shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Jan. 31, 2022 shares
Distribution Made to Limited Partner [Line Items]
Value of units transferred				$ 6,583
Omnibus Incentive Compensation Plan [Member]
Distribution Made to Limited Partner [Line Items]
Common units authorized \| shares					1,045,000
Repurchase plan [Member]
Distribution Made to Limited Partner [Line Items]
Repurchase amount	$ 30,000
Expiration date of Repurchase plan	January 2025
Stock Repurchased and Retired During Period, Shares \| shares			304,283	389,962
Average price per unit \| $ / shares			13.48	15.13
M/V Manzanillo Express [Member]
Distribution Made to Limited Partner [Line Items]
Common units transferred \| shares		505,204
Value of units transferred		$ 6,583
Maximum [Member] \| Omnibus Incentive Compensation Plan [Member]
Distribution Made to Limited Partner [Line Items]
Common units authorized \| shares					750,000
Rights offering [member]
Distribution Made to Limited Partner [Line Items]
Value of units issued			$ 6,355
Common units purchased \| shares			445,988
Exercise price \| $ / shares			$ 14.25
Transaction expenses			$ 1,313
Rights offering [member] \| Maximum [Member]
Distribution Made to Limited Partner [Line Items]
Value of units issued			500,000
Standby purchase agreement [member]
Distribution Made to Limited Partner [Line Items]
Value of units issued			$ 493,645
Common units purchased \| shares			34,641,731
CGP [Member]
Distribution Made to Limited Partner [Line Items]
Ownership percentage			0.63%
CGP [Member] \| Right Waived [Member] \| Minimum [Member]
Distribution Made to Limited Partner [Line Items]
Distribution target amount per unit \| $ / shares			$ 1.6975
CGP [Member] \| Right Waived [Member] \| Maximum [Member]
Distribution Made to Limited Partner [Line Items]
Distribution target amount per unit \| $ / shares			$ 1.75

Basis of Presentation and General Information - Description of Amounts Paid or Deemed by the Partnership and CMTC (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 21, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Paid or deemed paid	$ 174,400		$ 24,000
Paid or deemed paid	$ 279,783		$ 0	$ 0
From the Partnership to CMTC [Member]
Related Party Transaction [Line Items]
Paid or deemed paid		$ 454,183
From the Partnership to CMTC [Member] \| Netted against the amount due from CMTC pursuant to the Standby Purchase Agreement [Member] \| 10% deposit on the Initial Vessels [Member]
Related Party Transaction [Line Items]
Paid or deemed paid		174,400
From the Partnership to CMTC [Member] \| Netted against the amount due from CMTC pursuant to the Standby Purchase Agreement [Member] \| Payment for the Remaining Vessels [Member]
Related Party Transaction [Line Items]
Paid or deemed paid		138,100
From the Partnership to CMTC [Member] \| Netted against the amount due from CMTC pursuant to the Standby Purchase Agreement [Member] \| Part of purchase price of LNG/C Amore Mio I [Member]
Related Party Transaction [Line Items]
Paid or deemed paid		141,683
From CMTC to the Partnership [Member]
Related Party Transaction [Line Items]
Paid or deemed paid		493,645
From CMTC to the Partnership [Member] \| Netted against the total amount due from the Partnership [Member]
Related Party Transaction [Line Items]
Paid or deemed paid		454,183
From CMTC to the Partnership [Member] \| Cash settlement [Member]
Related Party Transaction [Line Items]
Paid or deemed paid		$ 39,462

Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Significant Accounting Policies

2. Significant Accounting Policies

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

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

(c) Accounting for Revenue, Voyage Expenses and Operating Expenses: Revenue is generated from time or voyage charter contracts.

Time charters contracts

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

Voyage charters contracts

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

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

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

2. Significant Accounting Policies – Continued

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

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

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

Vessel operating expenses are expensed as incurred.

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

(e) Cash and Cash Equivalents: The Partnership considers highly liquid investments such as time deposits and certificates of deposit with an original maturity of three months or less to be cash equivalents. As of December 31, 2023, and 2022 the cash and cash equivalents of the Partnership were $192,422 and $144,635, respectively.

(f) Restricted cash: For the Partnership to comply with debt covenants under its credit facilities, sale and lease back agreements and unsecured bonds, it must maintain minimum cash deposits. Such deposits are considered by the Partnership to be restricted cash. As of December 31, 2023, and 2022 the restricted cash of the Partnership were $11,721 and $10,213, respectively.

(g) Trade Accounts Receivable, net: The amount shown as trade accounts receivable, net primarily consists of earned revenue that has not been billed yet or that has been billed but has not yet been collected. At each balance sheet date all potentially uncollectible accounts are assessed individually for purposes of determining the appropriate write off. As of December 31, 2023, and 2022 the Partnership had trade accounts receivables of $3,117 and $2,102, respectively. For the year ended December 31, 2023, and 2022 the respective write off amounted to nil and $920, respectively. 0

(h) Inventories: Inventories consist of consumable bunkers, lubricants, spares and stores and are stated at the lower of cost and net realizable value. Net realizable value is the estimated selling prices less reasonably predictable costs of disposal and transportation. The cost is determined by the first-in, first-out method. As of December 31, 2023, and 2022 the value of the Partnership’s inventories was $5,553 and $6,817, respectively.

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

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

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

On December 15, 2023, the Partnership agreed to sell to an unaffiliated party the M/V Long Beach Express (Notes 5, 6). On that date the Partnership considered that the M/V Long Beach Express met the criteria to be classified as held for sale.

2. Significant Accounting Policies – Continued

(j) Fixed Assets: Fixed assets consist of vessels, which are stated at cost, less accumulated depreciation. Vessel cost consists of the contract price for the vessel, any material expenses incurred during its construction (improvements and delivery expenses, on-site supervision costs incurred during the construction periods, as well as capitalized interest expense during the construction period). Certain subsequent expenditures for major improvements and regulatory requirements are also capitalized if it is determined that they appreciably extend the life, increase the earning capacity or improve the efficiency or safety of the vessels. Vessels acquired through acquisition of businesses are recorded at their acquisition date fair values. Vessels acquired through asset acquisitions are recorded at cost. The cost of each of the Partnership’s vessels is depreciated, beginning when the vessel is ready for its intended use, on a straight-line basis over the vessel’s remaining economic useful life, after considering the estimated residual value. Management estimates the scrap value of the Partnership’s vessels to be $0.2 per light weight ton (“LWT”) and useful life to be 25 years for the container carrier and bulk carrier vessels and 35 years for the LNG/C vessels (Note 5).

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

The Partnership has performed an undiscounted cash flow test as of December 31, 2023, and 2022, determining undiscounted projected net operating cash flows for each vessel for which an indication for impairment was present and compared them to the carrying amount of the vessels, and any related intangible assets and liabilities. In developing estimates of future cash flows, the Partnership made assumptions about future charter rates, utilization rates, vessel operating expenses, future dry-docking costs, the estimated remaining useful life of the vessels and their estimated residual value. These assumptions are based on historical trends as well as future expectations that are in line with the Partnership’s historical performance and expectations for the vessels’ utilization under the current deployment strategy. Based on these assumptions, the Partnership determined that the vessels held for use and their related intangible assets and liabilities were not impaired as of December 31, 2023 and 2022.

(l) Deferred charges, net: Deferred charges, net are comprised mainly of dry-docking costs. The Partnership’s vessels are required to be dry-docked every 30 to 60 months for major repairs and maintenance that cannot be performed while the vessels are under operation. The Partnership has adopted the deferral method of accounting for dry-docking activities whereby costs incurred are deferred and amortized on a straight-line basis over the period until the next scheduled dry-docking activity. As of December 31, 2023, and 2022 the Partnership had deferred charges, net of $4,714 and $289, respectively.

(m) Intangible assets: The Partnership records all identified tangible and intangible assets, or any liabilities associated with the acquisition of a business or an asset, at fair value. When a vessel or a business that owns a vessel is acquired with an existing charter agreement, the Partnership considers whether any value should be assigned to the attached charter agreement acquired. The value to be assigned to the charter agreement is based on the present value of the difference of the contractual charter rate of the agreement acquired and the prevailing market rate for a charter of equivalent duration at the time of the acquisition, determined by independent appraisers as at that date. The resulting above-market (assets) or below-market (liabilities) charters are amortized using the straight-line method as a reduction or increase, respectively, to revenues over the remaining term of the charters (Note 6).

(n) Net Income Per Limited Partner Unit: Basic net income per limited partner unit is calculated by dividing the Partnership’s net income less net income allocable to preferred unit holders, (if any), general partner’s interest in net income (including incentive distribution rights (“IDR”)) and net income allocable to unvested units, by the weighted-average number of common units outstanding during the period (Note 15). Diluted net income per limited partner unit reflects the potential dilution that could occur if securities or other contracts to issue limited partner units were exercised.

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

2. Significant Accounting Policies – Continued

(p) Omnibus Incentive Compensation Plan: Equity compensation expense represents vested and unvested units granted to employees and to non-employee directors, for their services as directors, as well as to non-employees and are included in general and administrative expenses in the consolidated statements of comprehensive income. These units are measured at their fair value equal to the market value of the Partnership’s common units on the grant date. The units that contain a time-based service vesting condition are considered unvested units on the grant date and the total fair value of such units is recognized on a straight-line basis over the requisite service period (Note 14).

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

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

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

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

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

(s) Derivative Instruments: The Partnership from time to time may enter into derivative instruments to hedge its exposure to foreign exchange or interest rate risks arising from operational, financing and investment activities. Derivatives are initially measured at fair value; attributable transaction costs are expensed as incurred. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Partnership has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as foreign currency risk and interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect in a cash flow hedge. When the derivatives do qualify for hedge accounting, depending upon the nature of the hedge, changes in fair value of the derivatives are either offset against the fair value of assets, liabilities or firm commitments through income, or recognized in other comprehensive income (effective portion) until the hedged item is recognized in the consolidated statements of comprehensive income. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply, or the Company elects not to apply hedge accounting to such contracts (Note 8).

Subsequent Events

12 Months Ended

Dec. 31, 2023

Subsequent Events [Abstract]

Subsequent Events

17. Subsequent Events

(A) Dividends: On January 25, 2024, the board of directors of the Partnership declared a cash distribution of $0.15 per common unit for the fourth quarter of 2023. The fourth quarter common unit cash distribution was paid on February 13, 2024, to unit holders of record on February 6, 2024.

(B) Vessel acquisition: On January 2, 2024, the Partnership acquired from CMTC the shares of the vessel-owning company of the LNG/C Axios II (Note 5A) for a total consideration of $314,000 which was funded through debt of $190,000 (Note 7), part of the Umbrella Seller’s Credit in the amount of $92,600 (Note 7) and $31,400 advances, which was netted against the amounts due from CMTC pursuant to the Standby Purchase Agreement on December 21, 2023 (Notes 1, 5C).

(C) Vessel disposals: During the first quarter of 2024 the Partnership agreed to sell, the M/V Akadimos (115,534 dwt / 9,288 TEU), Eco-Flex Wide Beam container vessel, built in 2015, the M/V Fos Express and M/V Seattle Express, two (68,579 dwt and 68,411 dwt, respectively / both 5,100 TEU) sister container vessels, built in 2008, and the M/V Athenian, the M/V Athos and the M/V Aristomenis three (118,834 dwt, 118,888 dwt and 118,712 dwt, respectively / all 9,954 TEU) sister container vessels, built in 2011, to unaffiliated parties for a total amount of $259,400. As of December 31, 2023, the carrying values of the M/V Akadimos, the M/V Fos Express, the M/V Seattle Express, the MV Athenian, the M/V Athos and the M/V Aristomenis were $62,318, $14,527, $14,530, $49,332, $49,216 and $49,724 respectively. The M/V Akadimos, the M/V Athenian and the M/V Athos were delivered to their new owners on March 8, 2024 and April 22, 2024 respectively, while the remaining vessels are expected to be delivered to their new owners at the latest by April 30, 2024. In addition, the M/V Long Beach Express, which presented under assets held for sale in the Partnership’s consolidated balance sheets as of December 31, 2023 (Note 5), was delivered to the new owners on February 26, 2024.

(D) Umbrella Seller’s Credit: On January 2, 2024, upon the delivery of the LNG/C Axios II, the Partnership used a portion of $92,600 of the Umbrella Seller’s Credit, entered into on December 21, 2023 (Note 7).

(E) Repayments of debt: On February 28, 2024 and March 11, 2024, after the deliveries of the M/V Long Beach Express and the M/V Akadimos to their new owners, the Partnership repaid the amounts of $12,789 and $39,973, respectively in line with the Umbrella Seller’s Credit entered into on December 21, 2023. On March 8, 2024 and April 22, 2024 upon the delivery of the M/V Akadimos and the M/V Athos to their new owners the Partnership repaid in full the ICBCFL sale and leaseback agreement and partially the 2020 CMBFL amounting to $38,332 and $25,700 respectively (Note 7).

Cover - shares	12 Months Ended
Cover - shares	Dec. 31, 2023	Dec. 31, 2022
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-33373
Entity Registrant Name	CAPITAL PRODUCT PARTNERS L.P.
Entity Central Index Key	0001392326
Entity Incorporation, State or Country Code	1T
Entity Address, Address Line One	3 Iassonos Street
Entity Address, City or Town	Piraeus
Entity Address, Country	GR
Entity Address, Postal Zip Code	18537
Title of 12(b) Security	Common units representing limited partnership interests
Trading Symbol	CPLP
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Document Accounting Standard	U.S. GAAP
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	55,039,143
General Partners' Capital Account, Units Outstanding	348,570	348,570
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	1163
Auditor Name	Deloitte Certified Public Accountants S.A.
Auditor Location	Athens, Greece
Business Contact [Member]
Document Information [Line Items]
Entity Address, Address Line One	3 Iassonos Street
Entity Address, City or Town	Piraeus
Entity Address, Country	GR
Entity Address, Postal Zip Code	18537
City Area Code	+30
Local Phone Number	210 458 4950
Contact Personnel Name	Gerasimos (Jerry) Kalogiratos

Transactions with Related Parties - Consolidated Balance Sheets (Table) (Details) - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Assets:

Due from related party

$ 402

$ 3,636

Liabilities:

Due to related parties

7,979

1,016

CMTC - amounts relating to vessels acquisitions (a) [Member]

Assets:

Due from related party

^[1]

402

Capital-Executive – advances from the Partnership (b) [Member]

Assets:

Due from related party

^[2]

3,636

CSM - payments on behalf of the Partnership (c) [Member]

Liabilities:

Due to related parties

^[3]

114

705

Management fee payable to CSM (d)

Liabilities:

Due to related parties

^[4]

Capital-Executive - payments on behalf of the Partnership (c) [Member]

Liabilities:

Due to related parties

^[3]

3,823

Capital-Gas - payments on behalf of the Partnership (c) [Member]

Liabilities:

Due to related parties

^[3]

4,042

107

Management fee payable to Capital-Gas (d) [Member]

Liabilities:

Due to related parties

^[4]

$ 0

$ 179

[1]	Amounts relating to vessels acquisitions: This line item mainly includes collected hire income payable from CMTC in connection with the acquisition of the vessels under the Umbrella Agreement.
[2]	Managers - Advances from the Partnership: This line item represents the amounts advanced by the Partnership for operating and voyage expenses that will be paid by the Managers on behalf of the Partnership and its subsidiaries.
[3]	Managers - Payments on Behalf of the Partnership: This line item represents the amount outstanding for payments for operating and voyage expenses made by the Managers on behalf of the Partnership and its subsidiaries.
[4]	Management fee payable to Managers: The amount outstanding as of December 31, 2022 represents the management fee payable to the Managers under the management agreements.

Commitments and Contingencies - Vessels under construction commitments (Table) (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Property, Plant and Equipment [Line Items]
2024	$ 1,184,700
2025	126,050
2026	861,550
2027	307,200
Total	2,479,500
Initial Vessels [member]
Property, Plant and Equipment [Line Items]
2024	1,083,600
2025	0
2026	486,000
2027	0
Total	1,569,600
Remaining vessels [member]
Property, Plant and Equipment [Line Items]
2024	101,100
2025	126,050
2026	375,550
2027	307,200
Total	$ 909,900

Income Taxes (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Provision for income tax	$ 0	$ 0

Net Income Per Unit (Details Narrative) - shares	12 Months Ended
Net Income Per Unit (Details Narrative) - shares	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Non-vested units	0	745,769
Vested units	247,933	249,902
Share-Based Payment Arrangement [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Non-vested units	495,867	745,769
Antidilutive units	495,867	745,769	412,916
Vested units	247,933	249,902	412,916

Transactions with Related Parties - Consolidated Statements of Comprehensive Income (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Vessel operating expenses

$ 10,899

$ 9,172

$ 5,923

General and administrative expenses (e)

^[1]

$ 2,564

$ 2,244

$ 2,013

[1]	General and administrative expenses:This line item mainly includes fees relating to internal audit, investor relations and consultancy fees.

Commitments and Contingencies - Future minimum charter hire receipts (Table) (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 403,278
2025	331,377
2026	200,151
2027	153,803
2028	142,781
Thereafter	330,378
Total	$ 1,561,768

Fixed Assets and Assets Held for Sale - Disposals (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Sale price		$ 130,000
Carrying value on sale		(80,533)
Other sale expenses		(2,192)
Gain on sale	$ (0)	47,275	$ 46,812
M/V Agamemnon [Member]
Property, Plant and Equipment [Line Items]
Sale price		65,000
Carrying value on sale		(41,806)
Other sale expenses		(1,099)
Gain on sale		22,095
M/V Archimidis [Member]
Property, Plant and Equipment [Line Items]
Sale price		65,000
Carrying value on sale		(38,727)
Other sale expenses		(1,093)
Gain on sale		$ 25,180

Revenues (Details Narrative)	12 Months Ended
Revenues (Details Narrative)	Dec. 31, 2023	Dec. 31, 2022
Number of vessels	23	20
Nineteen out of Twenty Vessels Under Time Charter Agreements [Member]
Number of vessels		19
Vessel Under Voyage Charter [Member]
Number of vessels		1
Minimum [Member] \| All Vessels Vessels Under Time Charter Agreements [Member]
Time Charter (TC) in years	1.0
Minimum [Member] \| Fifteen Vessels Under Time Charter Agreements with extensions in Charterers Option [Member]
Time Charter (TC) in years	2.2
Minimum [Member] \| Nineteen out of Twenty Vessels Under Time Charter Agreements [Member]
Time Charter (TC) in years		0.2
Maximum [Member] \| All Vessels Vessels Under Time Charter Agreements [Member]
Time Charter (TC) in years	9.2
Maximum [Member] \| Fifteen Vessels Under Time Charter Agreements with extensions in Charterers Option [Member]
Time Charter (TC) in years	9.2
Maximum [Member] \| Nineteen out of Twenty Vessels Under Time Charter Agreements [Member]
Time Charter (TC) in years		9.5

Accrued liabilities (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued loan interest and loan fees	$ 11,136	$ 8,139
Accrued operating expenses	10,452	4,746
Accrued capitalized expenses	2,930	1,246
Accrued voyage expenses and commissions	2,170	2,003
Accrued general and administrative expenses	1,865	1,342
Total	$ 28,553	$ 17,476

Basis of Presentation and General Information (Details Narrative) $ / shares in Units, $ in Thousands	7 Months Ended		10 Months Ended		12 Months Ended
	Jul. 22, 2022 EUR (€)	Aug. 14, 2021	Nov. 13, 2023 USD ($)	Oct. 20, 2021 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 21, 2023 USD ($) shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Nov. 27, 2023 USD ($) $ / shares shares
Property, Plant and Equipment [Line Items]
Formation Date					Jan. 16, 2007
Number of vessels					23		20
Acquisition price					$ 813,000
Advances for vessels under construction					279,783		$ 0	$ 0
Assumption of debt					196,317		0	$ 866,344
Advances for vessels under construction					174,400		$ 24,000
Remaining amount to be paid					$ 2,479,500
CPLP Shipping Holding PLC [Member]
Property, Plant and Equipment [Line Items]
Date of incorporation		Aug. 14, 2021
Ownership percentage of Partnership		100.00%
CPLP Shipping Holding PLC [Member] \| Unsecured 2022 Bonds [Member]
Property, Plant and Equipment [Line Items]
Debt Instrument, Face Amount \| €	€ 100,000,000
Maturity date	July 2029
Frequency of payment	semi-annually
Fixed interest rate of coupon bond	4.40%
CPLP Shipping Holding PLC [Member] \| Unsecured 2021 Bonds [Member]
Property, Plant and Equipment [Line Items]
Debt Instrument, Face Amount \| €				€ 150,000,000
Maturity date				October 2026
Frequency of payment				semi-annually
Fixed interest rate of coupon bond				2.65%
Rights Offering [Member]
Property, Plant and Equipment [Line Items]
Subscription of common units \| shares									445,988
Subscription price of common units \| $ / shares									$ 14.25
Rights Offering [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Unit purchase amount									$ 500,000
Standby Purchase Agreement [Member]
Property, Plant and Equipment [Line Items]
Subscription of common units \| shares						34,641,731
Umbrella Agreement with CMTC and CGP [Member] \| Vessel SPAs' [Member]
Property, Plant and Equipment [Line Items]
Number of companies acquired			11
Yard			Hyundai
Acquisition price			$ 3,130,000
Number of purchase agreements						11
Percentage of equity interests acquired						100.00%
Umbrella Seller's Credit [Member]
Property, Plant and Equipment [Line Items]
Seller's credit - maximum borrowing capacity						$ 220,000
Description of scope						to finance a portion of the purchase price for certain of the Initial and Remaining Vessels
Neo Panamax Container Carrier Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels					12
Panamax Container Carrier Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels					3
X-DF Liquefied Natural Gas Carrier Vessels [Member]
Property, Plant and Equipment [Line Items]
Number of vessels					8
LNG/C Amore Mio I [Member] \| From the Partnership to CMTC [Member]
Property, Plant and Equipment [Line Items]
Advances for vessels under construction						$ 141,683
Assumption of debt						196,317
Initial Vessels [Member] \| Vessel SPAs' [Member]
Property, Plant and Equipment [Line Items]
Advances for vessels under construction						$ 174,400
Percentage of aggregate acquisition price						10.00%
Remaining amount to be paid						$ 1,569,600
LNG/ C Axios II [Member] \| Initial Vessels \| Vessel SPAs' [Member]
Property, Plant and Equipment [Line Items]
Delivery Date						Jan. 02, 2024
Remaining Vessels [Member] \| Vessel SPAs' [Member]
Property, Plant and Equipment [Line Items]
Percentage of equity interests acquired						100.00%
Advances for vessels under construction						$ 138,100
Remaining amount to be paid						$ 909,900

Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

Accrued liabilities (Table)


	As of December 31,
		2023		2022
Accrued loan interest and loan fees	$	11,136	$	8,139
Accrued operating expenses		10,452		4,746
Accrued capitalized expenses		2,930		1,246
Accrued voyage expenses and commissions		2,170		2,003
Accrued general and administrative expenses		1,865		1,342
Total	$	28,553	$	17,476

Transactions with Related Parties (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	5 Months Ended	6 Months Ended	12 Months Ended
	Jun. 06, 2022	Jul. 08, 2022	Dec. 31, 2023	Dec. 21, 2023	Dec. 31, 2022	Dec. 31, 2021	Nov. 27, 2023	Jun. 21, 2022	Mar. 30, 2022
Related Party Transaction [Line Items]
Total consideration			$ 813,000
Advances for vessels under construction			174,400		$ 24,000
Advances for vessels under construction			279,783		0	$ 0
Assumption of debt			196,317		0	866,344
Vessel operating expenses			10,899		9,172	5,923
General and administrative expenses			13,445		10,681	8,662
Floating fee management agreements [Member]
Related Party Transaction [Line Items]
Vessel operating expenses			10,899		9,172	5,923
LNG/C Aristos I and LNG/C Aristarchos [Member] \| CGC Seller's Credit [Member]
Related Party Transaction [Line Items]
Full repayment of seller’s credit agreement		$ 10,000
Vessel SPAs' [Member] \| Initial Vessels [Member]
Related Party Transaction [Line Items]
Advances for vessels under construction				$ 174,400
Percentage of aggregate acquisition price				10.00%
Vessel SPAs' [Member] \| Remaining Vessels [Member]
Related Party Transaction [Line Items]
Percentage of equity interests acquired				100.00%
Advances for vessels under construction				$ 138,100
Rights Offering [member]
Related Party Transaction [Line Items]
Subscription price of common units				$ 14.25
Subscription of common units				34,641,731
Rights Offering [member] \| Maximum [Member]
Related Party Transaction [Line Items]
Unit purchase amount							$ 500,000
Common Partnership units transferred from CGC to Capital Gas Corp. [Member]
Related Party Transaction [Line Items]
Common Partnership units transferred									1,153,846
Umbrella Agreement [Member] \| Vessel SPAs' [Member]
Related Party Transaction [Line Items]
Percentage of equity interests acquired				100.00%
Signing date				November 13, 2023
Number of companies acquired				11
Total consideration				$ 3,130,000
From the Partnership to CMTC [Member] \| Capital Gas [Member]
Related Party Transaction [Line Items]
Advances for vessels under construction				141,683
Assumption of debt				196,317
Umbrella Seller's Credit [Member]
Related Party Transaction [Line Items]
Seller's credit - maximum borrowing capacity				$ 220,000
Master Agreement [Member] \| One 174,000 CMB LNG/C vessel, LNG/C Asterix I, two 13,312 container carrier vessels, M/V Manzanillo Express, M/V Itajai Express, one 13,696 TEU container carrier vessel, M/V Buenaventura Express [Member]
Related Party Transaction [Line Items]
Total consideration	$ 596,583
Advances for vessels under construction								$ 30,000
Description of delivery dates	Pursuant to the Master Agreement, the vessels were delivered to the Partnership from CMTC in February 2023, in October 2022, in January 2023 and in June 2023 respectively
Related Party Transaction, Description of Transaction	Upon delivery, the vessel-owning company of the LNG/C Asterix I entered into a floating fee management agreement with Capital-Gas and each of the other three vessel-owning companies of the M/V Manzanillo Express, the M/V Itajai Express and the M/V Buenaventura Express entered into a separate floating fee management agreement with Capital-Executive Ship Management Corp. (“Capital-Executive”), a privately held company ultimately controlled by Mr. Miltiadis Marinakis.
Administrative And Service Agreements [Member]
Related Party Transaction [Line Items]
General and administrative expenses			$ 2,350		$ 2,050	$ 1,880
CMTC [member]
Related Party Transaction [Line Items]
Percentage of equity interests acquired			54.20%		23.10%
Capital Gas Corp. [Member]
Related Party Transaction [Line Items]
Percentage of equity interests acquired			2.10%		5.70%

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 192,422	$ 144,635
Trade accounts receivable, net	3,117	2,102
Prepayments and other assets	8,702	7,534
Due from related party (Note 4)	$ 402	$ 3,636
Accounts Receivable, after Allowance for Credit Loss, Current, Related and Nonrelated Party Status [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Inventories	$ 5,553	$ 6,817
Claims	914	1,599
Assets held for sale (Note 5)	14,394	0
Total current assets	225,504	166,323
Fixed assets
Advances for vessels under construction – related party (Notes 4, 5)	174,400	24,000
Vessels, net and vessels under construction (Note 5)	2,632,285	1,757,897
Total fixed assets	2,806,685	1,781,897
Other non-current assets
Above market acquired charters (Note 6)	83,389	32,320
Deferred charges, net	4,714	289
Restricted cash (Note 7)	11,721	10,213
Derivative asset (Note 8)	6,636	0
Prepayments and other assets	1,650	5,722
Total non-current assets	2,914,795	1,830,441
Total assets	3,140,299	1,996,764
Current liabilities
Current portion of long-term debt, net (Note 7)	103,116	73,213
Trade accounts payable	14,416	8,322
Due to related parties (Note 4)	$ 7,979	$ 1,016
Accounts Payable, Current, Related and Nonrelated Party Status [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Accrued liabilities (Note 10)	$ 28,553	$ 17,476
Deferred revenue	28,419	18,553
Below market acquired charter associated with vessel held for sale (Note 6)	1,447	0
Total current liabilities	183,930	118,580
Long-term liabilities
Long-term debt, net (including $6,000 payable to related party as of December 31, 2023 and 2022) (Note 7)	1,672,179	1,215,865
Derivative liabilities (Note 8)	7,180	13,525
Below market acquired charters (Note 6)	88,543	10,368
Deferred revenue	13,534	0
Total long-term liabilities	1,781,436	1,239,758
Total liabilities	1,965,366	1,358,338
Commitments and contingencies (Note 16)	0	0
Partners’ capital
General Partner (348,570 General partner units at December 31, 2023 and 2022) (Note 13)	12,885	12,414
Limited Partners – Common (55,909,665 units issued and 55,039,143 units outstanding and 20,821,946 units issued and 20,255,707 units outstanding as of December 31, 2023 and 2022, respectively) (Note 13)	1,171,573	634,605
Treasury Units (870,522 and 566,239 units as of December 31, 2023 and 2022, respectively) (Note 13)	(7,939)	(3,827)
Accumulated other comprehensive loss	(1,586)	(4,766)
Total partners’ capital	1,174,933	638,426
Total liabilities and partners’ capital	$ 3,140,299	$ 1,996,764

Partners’ Capital - Schedule of Distributions (Table) (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares
Minimum Quarterly Distribution [Member] \| Limited Partner [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Marginal percentage interest in distributions	98.00%
Minimum Quarterly Distribution [Member] \| General Partner [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Marginal percentage interest in distributions	2.00%
First Target Distribution [Member] \| Limited Partner [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Marginal percentage interest in distributions	98.00%
First Target Distribution [Member] \| General Partner [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Marginal percentage interest in distributions	2.00%
Second Target Distribution [Member] \| Limited Partner [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Marginal percentage interest in distributions	85.00%
Second Target Distribution [Member] \| General Partner [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Marginal percentage interest in distributions	15.00%
Third Target Distribution [Member] \| Limited Partner [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Marginal percentage interest in distributions	75.00%
Third Target Distribution [Member] \| General Partner [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Marginal percentage interest in distributions	25.00%
Thereafter Target Distribution [Member] \| Limited Partner [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Marginal percentage interest in distributions	65.00%
Thereafter Target Distribution [Member] \| General Partner [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Marginal percentage interest in distributions	35.00%
Minimum [Member] \| Minimum Quarterly Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution Target Amount per Unit	$ 1.6275
Minimum [Member] \| Second Target Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution Target Amount per Unit	1.6975
Minimum [Member] \| Third Target Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution Target Amount per Unit	1.8725
Minimum [Member] \| Thereafter Target Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution Target Amount per Unit	2.0475
Maximum [Member] \| First Target Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution Target Amount per Unit	1.6975
Maximum [Member] \| Second Target Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution Target Amount per Unit	1.8725
Maximum [Member] \| Third Target Distribution [Member] \| Total Quarterly Distribution [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution Target Amount per Unit	$ 2.0475