ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2012

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES [Abstract]

Accounts Payable and Accrued Liabilities

Following are the components of the consolidated balance sheet classification Accounts Payable and Accrued Liabilities:

(All Amounts in Thousands)	December 31, 2012		December 31, 2011
Accrued Voyage Expenses	$	38,310	$	22,746
Trade Accounts Payable		3,284		1,541
Lease Incentive Obligation		1,901		3,253
Short Term Derivatives Liability		257		-
Straight Line Charter Escalation		306		-
Self-Insurance Liability		1,186		639
Accrued Salaries and Benefits		5,050		2,929
Accrued Insurance Premiums		602		376
	$	50,896	$	31,484