Long-term debt- related party (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Company's related party long-term debt

The Company’s related party long-term debt consists of the following (in thousands):

	December 31, 2022			December 31, 2021
Exquisite Vessel Financing	$	188,433		$	196,213
KFMC Note		—			—
KFMC-ENE Onshore Note		—			2,100
Total related party debt		188,433			198,313
Less current portion		(7,661	)		(7,096	)
Total long-term related party debt	$	180,772		$	191,217

Schedule of long term related party weighted average interest rate

The following table shows the range of interest rates and weighted average interest rates incurred on our variable-rate related party debt obligations during the years ended December 31, 2022, 2021 and 2020.

	2022		2021		2020
	Range	Weighted Average	Range	Weighted Average	Range	Weighted Average
KFMC Note	1.6% – 2%	1.9%	1.6% – 1.6%	1.6%	1.7% – 3.3%	2.9%
KFMC-ENE Onshore Note	1.6% – 5.1%	3.3%	1.6% – 1.7%	1.6%	1.6% – 3.3%	2.2%

Schedule of principal payments on related party long-term debt

Principal payments on related party long-term debt outstanding as of December 31, 2022 are as follows (in thousands):

2023	$	7,661
2024		9,078
2025		9,741
2026		10,521
2027		11,364
Thereafter		80,068
Total payments	$	128,433
Residual value for Exquisite vessel financing		60,000
Total debt – related party	$	188,433