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Document And Entity Information	6 Months Ended
Document And Entity Information	Jun. 30, 2020
Document and Entity Information [Line Items]
Document Type	6-K
Document Period End Date	Jun. 30, 2020
Amendment Flag	false
Entity Registrant Name	Navios Maritime Containers L.P.
Entity Central Index Key	0001707210
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 11,356	$ 16,685
Restricted cash	0	1,424
Accounts receivable, net	5,037	2,287
Inventories	4,820	4,457
Other current assets	3,888	4,525
Balance due from related parties, current	133
Prepaid expenses	404	72
Total current assets	25,638	29,450
Non-current assets
Vessels, net	389,778	395,621
Intangible assets	0	6,288
Deferred drydock and special survey costs, net	21,089	19,522
Balance due from related parties, non-current	8,436	8,195
Other long-term assets	1,446	1,226
Total non-current assets	420,749	430,852
Total assets	446,387	460,302
Current liabilities
Accounts payable	2,989	2,343
Accrued expenses	1,094	4,928
Deferred income and cash received in advance	1,150	807
Balance due to related parties, current	0	16,586
Financial liabilities short term, net of deferred finance costs	21,833	8,237
Current portion of long-term debt, net of deferred finance costs	10,570	38,496
Total current liabilities	37,636	71,397
Non-current liabilities
Long-term financial liabilities, net of current portion and net of deferred finance costs	165,456	69,863
Long-term debt, net of current portion and net of deferred finance costs	50,425	129,062
Total non-current liabilities	215,881	198,925
Total liabilities	253,517	270,322
Commitment and contingencies
Partners' capital
Common unit holders — 34,603,100 common units issued and outstanding at June 30, 2020 and December 31, 2019	192,870	189,980
Total Partners’ capital	192,870	189,980
Total liabilities and Partners’ capital	$ 446,387	$ 460,302

Condensed Consolidated Balance Sheets (Parentheticals) - shares	Jun. 30, 2020	Dec. 31, 2019
Consolidated Balance Sheets [Abstract]
Common units issued	34,603,100	34,603,100
Common units outstanding	34,603,100	34,603,100

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenue	$ 28,790	$ 33,678	$ 69,051	$ 65,510
Time charter and voyage expenses	(2,422)	(1,335)	(5,023)	(2,982)
Direct vessel expenses	(1,473)	(1,034)	(2,672)	(1,822)
Vessel operating expenses (management fees entirely through related parties transactions)	(17,192)	(16,408)	(34,384)	(32,131)
General and administrative expenses	(2,552)	(2,570)	(5,095)	(5,064)
Depreciation and amortization	(4,377)	(7,064)	(11,435)	(14,173)
Interest expense and finance cost, net	(3,366)	(4,386)	(7,930)	(8,484)
Other income/(expense), net	473	(433)	378	(353)
Net (loss)/income	$ (2,119)	$ 448	$ 2,890	$ 501
Net (loss)/earnings per common unit, basic and diluted	$ (0.06)	$ 0.01	$ 0.08	$ 0.01
Weighted average number of common units, basic and diluted	34,603,100	34,603,100	34,603,100	34,603,100

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
OPERATING ACTIVITIES:
Net income	$ 2,890	$ 501
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,435	14,173
Amortization and write-off of deferred financing costs	1,667	1,145
Amortization of deferred drydock and special survey costs	2,611	1,620
Changes in operating assets and liabilities:
Increase in accounts receivable	(2,750)	(341)
Increase in balance due from related companies, current	(133)	0
Increase in inventories	(363)	(4,305)
Decrease/(increase) in other current assets	637	(1,039)
Increase in prepaid expenses	(332)	(210)
Increase in balance due from related parties, non-current	(242)	(333)
Increase in other long term assets	(220)	0
Increase/(decrease) in accounts payable	647	(1,171)
Decrease in accrued expenses	(834)	(258)
(Decrease)/increase in due to related parties	(15,683)	3,573
Increase/(decrease) in deferred income and cash received in advance	343	(860)
Payments for drydock and special survey costs	(4,178)	(3,174)
Net cash (used in)/provided by operating activities	(4,505)	9,321
INVESTING ACTIVITIES:
Acquisition of/ additions to vessels	(207)	(56,647)
Purchase option fee	(3,000)	0
Net cash used in investing activities	(3,207)	(56,647)
FINANCING ACTIVITIES:
Proceeds from long-term borrowings, net	119,060	125,022
Repayment of long-term debt and financial liability	(115,581)	(77,882)
Debt issuance costs	(2,520)	(1,851)
Net cash provided by financing activities	959	45,289
Net decrease in cash and cash equivalents and restricted cash	(6,753)	(2,037)
Cash and cash equivalents and restricted cash, beginning of period	18,109	18,892
Cash and cash equivalents and restricted cash, end of period	11,356	16,855
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest, net	$ 6,737	$ 6,460

Condensed Consolidated Statements of Changes in Partners' Capital - USD ($) $ in Thousands	Total	Common unit holders
Balance, value at Dec. 31, 2018	$ 182,473	$ 182,473
Balance, units at Dec. 31, 2018		34,603,100
Net income / (loss)	53	$ 53
Balance, value at Mar. 31, 2019	182,526	$ 182,526
Balance, units at Mar. 31, 2019		34,603,100
Balance, value at Dec. 31, 2018	182,473	$ 182,473
Balance, units at Dec. 31, 2018		34,603,100
Net income / (loss)	501
Balance, value at Jun. 30, 2019	182,974	$ 182,974
Balance, units at Jun. 30, 2019		34,603,100
Balance, value at Mar. 31, 2019	182,526	$ 182,526
Balance, units at Mar. 31, 2019		34,603,100
Net income / (loss)	448	$ 448
Balance, value at Jun. 30, 2019	182,974	$ 182,974
Balance, units at Jun. 30, 2019		34,603,100
Balance, value at Dec. 31, 2019	189,980	$ 189,980
Balance, units at Dec. 31, 2019		34,603,100
Net income / (loss)	5,009	$ 5,009
Balance, value at Mar. 31, 2020	194,989	$ 194,989
Balance, units at Mar. 31, 2020		34,603,100
Balance, value at Dec. 31, 2019	189,980	$ 189,980
Balance, units at Dec. 31, 2019		34,603,100
Net income / (loss)	2,890
Balance, value at Jun. 30, 2020	192,870	$ 192,870
Balance, units at Jun. 30, 2020		34,603,100
Balance, value at Mar. 31, 2020	194,989	$ 194,989
Balance, units at Mar. 31, 2020		34,603,100
Net income / (loss)	(2,119)	$ (2,119)
Balance, value at Jun. 30, 2020	$ 192,870	$ 192,870
Balance, units at Jun. 30, 2020		34,603,100

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Description of Business	6 Months Ended
Description of Business	Jun. 30, 2020
Description of Business [Abstract]
Description of Business	NOTE 1: DESCRIPTION OF BUSINESS Navios Maritime Containers Inc. (“Navios Containers Inc.”) was incorporated on April 28, 2017 under the laws of the Republic of the Marshall Islands. Conversion into Limited Partnership On November 30, 2018, Navios Containers Inc. was converted into a limited partnership, Navios Maritime Containers L.P. (“Navios Containers” or the “Company”). The Company is a growth vehicle dedicated to the container sector of the maritime industry. The Company converted the issued common shares to common units at the conversion ratio of one common share of Navios Containers Inc. for each common unit of Navios Containers. In connection with the conversion, Navios Maritime Containers GP LLC, a Marshall Islands limited liability company, is the Company’s general partner and holds a non-economic interest that does not provide the holder with any rights to profits or losses of, or distributions by, the partnership. The condensed consolidated financial statements of the Company have been presented giving retroactive effect to the conversion described above, which was treated as a reorganization made within the context of the Company’s above-mentioned transactions. As of June 30, 2020, Navios Containers had a total of 34,603,100 common units outstanding. Navios Maritime Partners L.P. (“Navios Partners”) held 11,592,276 common units representing 33.5% of the outstanding common units and Navios Maritime Holdings Inc. (“Navios Holdings”) held 1,263,276 common units representing 3.7% of the outstanding common units of Navios Containers. The common units of the Company commenced trading on the Nasdaq Global Select Market on December 10, 2018 under the ticker symbol “NMCI”. The operations of the Company are managed by Navios Shipmanagement Inc. (the “Manager”), from its offices in Piraeus, Greece, Singapore and Monaco.

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2020

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

(a) Basis of Presentation: The accompanying interim condensed consolidated financial statements are unaudited, but, in the opinion of management, reflect all adjustments for a fair statement of Company’s consolidated financial positions, statement of changes in partner’s capital, statements of operations and cash flows for the periods presented. The condensed balance sheet data as of December 31, 2019, was derived from audited financial statements, and as permitted by the requirements for interim financial statements, does not include information and disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. The results of operations for the interim periods are not necessarily indicative of results for the full year. The footnotes are condensed as permitted by the requirements for interim financial statements and accordingly, do not include information and disclosures required under U.S. GAAP for complete financial statements. All such adjustments are deemed to be of a normal recurring nature. These interim condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes included in Navios Containers’ Annual Report for the year ended December 31, 2019 filed on Form 20-F with the U.S. Securities and Exchange Commission (“SEC”). Based on internal forecasts and projections that take into account reasonably possible changes in the Company’s trading performance, management believes that the Company has adequate financial resources to continue in operation and meet its financial commitments, including but not limited to capital expenditures and debt service obligations, for a period of at least twelve months from the date of issuance of these interim condensed consolidated financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing its financial statements.

Impact of COVID-19 on the Company’s Business: The spread of the COVID-19 virus, which has been declared a pandemic by the World Health Organization, in 2020 has caused substantial disruptions in the global economy and the shipping industry, as well as significant volatility in the financial markets, the severity and duration of which remains uncertain.

The impact of the COVID-19 pandemic continues to unfold and may continue to have negative effect on the Company’s business, financial performance and the results of its operations, including due to decreased demand for global seaborne container trade and containership charter rates, the extent of which will depend largely on future developments. As a result, many of the Company’s estimates and assumptions required increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, the Company’s estimates may change in future periods.

The Company has evaluated the impact of current economic situation on the recoverability of the carrying amount of its vessels. As of June 30, 2020, the Company concluded that events and circumstances triggered the existence of potential impairment of its vessels. These indicators included volatility in the charter market as well as the potential impact the current marketplace may have on the future operations. As a result, the Company performed step one of the impairment assessment of the Company’s vessels by comparing the undiscounted projected net operating cash flows for each vessel for which an indication existed to its carrying value. As of June 30, 2020, the Company’s assessment concluded that step two of the impairment analysis was not required for any vessel, as the undiscounted projected net operating cash flows of each of the Company’s vessels exceeded the carrying value of the respective vessels. As of June 30, 2020, no vessel impairment loss was identified.

(b) Principles of Consolidation: The accompanying interim condensed consolidated financial statements include the accounts of Navios Containers, a Marshall Islands limited partnership, and its subsidiaries that are all 100% owned. All significant intercompany balances and transactions have been eliminated in the condensed consolidated financial statements.

Subsidiaries: Subsidiaries are those entities in which the Company has an interest of more than one half of the voting rights or otherwise has power to govern the financial and operating policies. The acquisition method of accounting is used to account for the acquisition of subsidiaries. The cost of an acquisition is measured as the fair value of the assets given up, shares issued or liabilities undertaken at the date of acquisition. The excess of the cost of acquisition over the fair value of the net assets acquired and liabilities assumed is recorded as goodwill.

Subsidiaries included in the consolidation:

Company Name

Nature

Effective

Ownership

Interest

Country of

Incorporation

Statements of

Operations

2020

2019

Navios Maritime Containers L.P.

Holding Company

—

Marshall Is.

01/01—06/30

Navios Partners Containers Finance Inc.

Sub—Holding Company

100

Marshall Is.

01/01—06/30

Navios Partners Containers Inc.

Sub—Holding Company

100

Marshall Is.

01/01—06/30

Olympia II Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Pingel Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Ebba Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Clan Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Sui An Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Bertyl Ventures Co.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Silvanus Marine Company

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Anthimar Marine Inc.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Enplo Shipping Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Morven Chartering Inc.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Rodman Maritime Corp.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Isolde Shipping Inc.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Velour Management Corp.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Evian Shiptrade Ltd.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Boheme Navigation Company

Sub—Holding Company

100

Marshall Is.

01/01—06/30

Theros Ventures Limited

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Legato Shipholding Inc.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Inastros Maritime Corp.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Zoner Shiptrade S.A.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Jasmer Shipholding Ltd.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Thetida Marine Co.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Jaspero Shiptrade S.A.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Peran Maritime Inc.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Nefeli Navigation S.A.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Fairy Shipping Corporation

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Limestone Shipping Corporation

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Crayon Shipping Ltd

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Chernava Marine Corp.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Proteus Shiptrade S.A

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Vythos Marine Corp.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Iliada Shipping S.A.

Operating Company

100

Marshall Is.

01/01—06/30

Vinetree Marine Company

Operating Company

100

Marshall Is.

01/01—06/30

Afros Maritime Inc.

Operating Company

100

Marshall Is.

01/01—06/30

(1) Currently, vessel-operating company under the sale and leaseback transactions.

In March 2020, the FASB issued ASU 2020-04, “Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848)” which is intended to provide temporary optional expedients and exceptions to U.S. GAAP guidance on contracts, hedge accounting and other transactions affected by the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. This ASU is effective for all entities beginning on March 12, 2020 through December 31, 2022. The Company is currently assessing the impact that adopting this ASU will have on its disclosures to the consolidated financial statements.

In October 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-17, Consolidation (Topic 810): “Targeted Improvements to Related Party Guidance for Variable Interest Entities” (“ASU 2018-17”). ASU 2018-17 provides that indirect interests held through related parties in common control arrangements should be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. This is consistent with how indirect interests held through related parties under common control are considered for determining whether a reporting entity must consolidate a VIE. For Public business entities the amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Since there are no entities included in the Company’s consolidation under the VIE model or required to be assessed for consolidation under the VIE model, the adoption of this ASU did not have a material impact on its consolidated financial statements.

In August 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement”. This update modifies the disclosure requirements on fair value measurements. ASU 2018-13 is effective for fiscal years beginning after December 15, 2019. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements.

In June 2016, FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This standard requires entities to measure all expected credit losses of financial assets held at a reporting date based on historical experience, current conditions and reasonable and supportable forecasts in order to record credit losses in a more timely manner. ASU 2016-13 also amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. In November 2018, FASB issued ASU 2018-19 “Codification Improvements to topic 326, Financial Instruments-Credit Losses”. The amendments in this update clarify that operating lease receivables are not within the scope of ASC 326-20 and should instead be accounted for under the new leasing standard, ASC 842. In April 2019, FASB issued ASU 2019-04 “Codification Improvements to topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments”. In May 2019, FASB issued ASU 2019-05, “Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief”. The amendments in this update provide entities that have certain instruments within the scope of Subtopic 326-20, Financial Instruments-Credit Losses-Measured at Amortized Cost, with an option to irrevocably elect the fair value option in Subtopic 825-10, Financial Instruments-Overall, applied on an instrument-by-instrument basis for eligible instruments, upon adoption of Topic 326. The fair value option election does not apply to held-to-maturity debt securities. An entity that elects the fair value option should subsequently apply the guidance in Subtopics 820-10, Fair Value Measurement-Overall, and 825-10. In December 2019, FASB issued ASU No. 2019-11, Codification Improvements to Topic 326, Financial Instruments—Credit Losses. This update introduced an expected credit loss model for the impairment of financial assets measured at amortized cost basis. That model replaces the probable, incurred loss model for those assets. The standard is effective for interim and annual reporting periods beginning after December 15, 2019. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements.

Cash and Cash Equivalents and Restricted Cash

6 Months Ended

Jun. 30, 2020

Cash and Cash Equivalents [Abstract]

Cash ana Cash Equivalents and Restricted Cash

NOTE 3: CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

Cash and cash equivalents and restricted cash consisted of the following:

	June 30, 2020		December 31, 2019
Reconciliation of cash and cash equivalents and restricted cash:
Current assets:
Cash and cash equivalents	$	11,356	$	16,685
Restricted cash		—		1,424
Total cash and cash equivalents and restricted cash	$	11,356	$	18,109

Cash deposits and cash equivalents in excess of amounts covered by government-provided insurance are exposed to loss in the event of non-performance by financial institutions. The Company does maintain cash deposits and equivalents in excess of government-provided insurance limits. The Company also minimizes exposure to credit risk by dealing with a diversified group of major financial institutions.

As of December 31, 2019, restricted cash amounted to $1,424 and related to amounts held in retention accounts in order to service debt and interest payments, as required by certain of Navios Containers’ credit facilities.

Vessels, Net

6 Months Ended

Jun. 30, 2020

Property Plant And Equipment [Abstract]

Vessels, net

NOTE 4: VESSELS, NET

Vessels consist of the following:

Vessels	Vessels’ Cost		Accumulated Depreciation			Net Book Value
Balance December 31, 2018	$	348,639	$	(5,946	)	$	342,693
Additions		62,513		—			62,513
Depreciation		—		(9,585	)		(9,585	)
Balance December 31, 2019	$	411,152	$	(15,531	)	$	395,621
Additions/ Transfers to other assets		(696)		—			(696)
Depreciation		—		(5,147	)		(5,147	)
Balance June 30, 2020	$	410,456	$	(20,678	)	$	389,778

Acquisition of Vessels

2019

On April 23, 2019, the Company purchased from an unrelated third party the Navios Constellation, a 2011-built 10,000 TEU containership, for an acquisition cost of $53,360 (including $860 capitalized expenses), pursuant to the exercise of its purchase option in January 2019, based on the memorandum of agreement entered into in November 2018.

Intangible Assets

6 Months Ended

Jun. 30, 2020

Finite-Lived Intangible Assets, Net [Abstract]

Intangible Assets

NOTE 5: INTANGIBLE ASSETS

Time charters with favorable terms consist of the charter out contracts acquired in relation to containerships purchased and are analyzed as following:

Time charters with favorable terms	June 30, 2020	December 31, 2019
Acquisition cost	$71,535	$71,535
Accumulated amortization	(71,535)	(65,247)
Time charters with favorable terms net book value	$—	$6,288

Amortization expense for the three and six month periods ended June 30, 2020 amounted to $1,801 and $6,288, respectively, and is presented under the caption “Depreciation and amortization” in the condensed consolidated statements of operations. Amortization expense for the three and six month periods ended June 30, 2019 amounted to $4,642 and $9,676, respectively, and is presented under the caption “Depreciation and amortization” in the condensed consolidated statements of operations.

Intangible assets subject to amortization were amortized using straight line method over their estimated useful lives to their estimated residual value of zero. As of June 30, 2020, the Company did not have any unamortized intangible assets.

Borrowings

6 Months Ended

Jun. 30, 2020

Long-Term Debt [Abstract]

Borrowings

NOTE 6: BORROWINGS

Borrowings consist of the following:

Navios Containers credit facilities	June 30, 2020			December 31, 2019
Secured credit facilities	$	61,975		$	154,819
Sellers’ Credit		—			15,000
Total loans	$	61,975		$	169,819
Financial liabilities		190,713			79,391
Total borrowings	$	252,688		$	249,210

Total borrowings	June 30, 2020			December 31, 2019
Total borrowings	$	252,688		$	249,210
Less: current portion of long-term debt		(10,570	)		(38,496	)
Less: current portion of financial liabilities		(21,833	)		(8,237	)
Less: Deferred financing costs		(4,404	)		(3,552	)
Total long-term borrowings, net	$	215,881		$	198,925

Secured credit facilities: As of June 30, 2020, the Company had secured credit facilities with various banks with a total outstanding balance of $61,975. The purpose of the facilities was to finance the acquisition of vessels or refinance existing indebtedness. All of the facilities are denominated in U.S. dollars and bear interest based on LIBOR plus spread ranging from 3.00% to 3.50% per annum. The facilities are repayable in quarterly installments, followed by balloon payments with maturities, ranging from December 2022 to June 2024. See also the maturity table included below.

Sellers’ Credit: In January 2019, the Company entered into a sellers’ credit agreement (the “Sellers’ Credit”) in connection with the acquisition of two 10,000 TEU containerships, for an amount of up to $20,000 at a rate of 5% per annum, divided in two tranches of $15,000 and $5,000. On April 23, 2019, following the acquisition of one 2011-built 10,000 TEU containership, the Company drew $15,000, net of discount of $150. In July 2019, following the conversion of the purchase obligation of the second 2011-built 10,000 TEU containership into an option, the second tranche expired. The Sellers’ Credit was repaid in full in January 2020.

Financial liabilities: On May 25, 2018, the Company entered into a $119,000 sale and leaseback transaction with Minsheng Financial Leasing Co. Ltd to refinance the outstanding balance of the existing facilities of 18 containerships. The Company has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback transaction as a financial liability. On June 29, 2018, the Company completed the sale and leaseback of the first six vessels for $37,500. On July 27, 2018 and on August 29, 2018, the Company completed the sale and leaseback of four additional vessels for $26,000. On November 9, 2018, the Company completed the sale and leaseback of four additional vessels for $26,700. The Company did not proceed with the sale and leaseback transaction of the four remaining vessels. The Company is obligated to make 60 monthly payments in respect of all 14 vessels. The Company also has an obligation to purchase the vessels at the end of the fifth year for $45,100. As of June 30, 2020, the outstanding balance under this sale and leaseback transaction was $75,136.

On March 11, 2020, the Company completed a $119,060 sale and leaseback transaction with Bank of Communications Financial Leasing Co., Ltd Limited to refinance the outstanding balance of the existing facilities of the Navios Unison, the Navios Constellation, the Navios Unite and the Navios Utmost. The Company has a purchase obligation to acquire the vessels at the end of the lease term and under ASC 842-40, the transfer of the vessels was determined to be a failed sale. In accordance with ASC 842-40, the Company did not derecognize the respective vessels from its balance sheet and accounted for the amounts received under the sale and leaseback transaction as a financial liability. The Company drew the entire amount on March 13, 2020, net of discount of $1,191. The sale and leaseback agreement: (i) is repayable in 28 quarterly installments, matures in March 2027 and bears interest at LIBOR plus 310 bps per annum for the Navios Unison and the Navios Constellation; and (ii) is repayable in 20 quarterly installments, matures in March 2025 and bears interest at LIBOR plus 335 bps per annum for the Navios Unite and the Navios Utmost. The Company also has an obligation at maturity to purchase: (i) the Navios Unison and the Navios Constellation for $25,500, in the aggregate; and (ii) the Navios Unite and the Navios Utmost for $18,000, in the aggregate. As of June 30, 2020, the outstanding balance under this sale and leaseback transaction was $115,577.

Amounts drawn under the facilities are secured by first priority mortgages on the Company’s vessels. The credit facilities and financial liabilities contain a number of restrictive covenants that limit Navios Containers and/or its subsidiaries from, among other things: incurring or guaranteeing indebtedness; entering into affiliate transactions other than on arm’s length terms; charging, pledging or encumbering the vessels; changing the flag, class, management or ownership of the Company’s vessels; acquiring any vessel or permitting any guarantor to acquire any further assets or make investments; purchasing or otherwise acquiring for value any units of its capital or declaring or paying any distributions; permitting any guarantor to form or acquire any subsidiaries. The majority of credit facilities and financial liabilities also require the vessels to comply with the ISM Code and ISPS Code and to maintain safety management certificates and documents of compliance at all times.

The Company’s credit facilities and financial liabilities also require compliance with a number of financial covenants, including: (i) maintain a value to loan ratio ranging from 111% to 135%; (ii) minimum free consolidated liquidity equal to at least the product of $500 and a certain number of vessels as defined in the Company’s credit facilities and financial liabilities; (iii) maintain a ratio of liabilities-to-assets (as defined in the Company’s credit facilities and financial liabilities) of less than 0.80 : 1.00; and (iv) maintain a minimum net worth between $30,000 and $50,000. Among other events, it will be an event of default under the Company’s credit facilities and financial liabilities if the financial covenants are not complied with.

In addition, it is a requirement under the credit facilities and financial liabilities that Navios Holdings, Navios Partners, Angeliki Frangou and their respective affiliates collectively own at least 20% of the Company.

As of June 30, 2020, the Company was in compliance with its covenants.

The annualized weighted average interest rates of the Company’s total borrowings were 4.59% and 5.85% for the three month periods ended June 30, 2020 and 2019, respectively. The annualized weighted average interest rates of the Company’s total borrowings were 4.90% and 5.88% for the six month periods ended June 30, 2020 and 2019, respectively.

For the three month periods ended June 30, 2020 and 2019, interest expense amounted to $3,013 and $3,846, respectively, and is presented under the caption “Interest expense and finance cost, net” in the condensed consolidated statements of operations. For the six month periods ended June 30, 2020 and 2019, interest expense amounted to $6,263 and $7,340, respectively, and is presented under the caption “Interest expense and finance cost, net” in the condensed consolidated statements of operations.

The maturity table below reflects the principal payments for the next five years of all borrowings of Navios Containers outstanding as of June 30, 2020 based on the repayment schedules of the respective secured credit facilities and financial liabilities (as described above).

Payment due by 12 month period ending
	June 30, 2021	$		33,755
	June 30, 2022			33,468
	June 30, 2023			59,069
	June 30, 2024			58,878
	June 30, 2025 and thereafter			67,518
Total			$	252,688

Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2020

Fair Value of Financial Instruments [Abstract]

Fair Value of Financial Instruments

NOTE 7: FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair Value of Financial Instruments

The following methods and assumptions were used to estimate the fair value of each class of financial instrument:

Cash and cash equivalents: The carrying amounts reported in the condensed consolidated balance sheets for interest bearing deposits approximate their fair value because of the short maturity of these investments.

Restricted cash: The carrying amounts reported in the condensed consolidated balance sheets for interest bearing deposits approximate their fair value because of the short maturity of these investments.

Balance due from related parties, non-current: The carrying amount of due from related parties non-current reported in the condensed consolidated balance sheet approximates its fair value.

Long-term debt: The book value has been adjusted to reflect the net presentation of deferred finance costs. The outstanding balance of the floating rate loans continues to approximate its fair value, excluding the effect of any deferred finance costs. Sellers’ Credit was a fixed rate borrowing and its outstanding balance as at December 31, 2019 approximated its fair value due to its short maturity.

Financial liabilities: The book value has been adjusted to reflect the net presentation of deferred finance costs. The outstanding balance of the financial liabilities continues to approximate their fair value, excluding the effect of any deferred finance costs.

The estimated fair values of the Company’s financial instruments are as follows:

	June 30, 2020						December 31, 2019
	Book Value			Fair Value			Book Value			Fair Value
Cash and cash equivalents	$	11,356		$	11,356		$	16,685		$	16,685
Restricted cash	$	—		$	—		$	1,424		$	1,424
Balance due from related parties, non-current	$	8,436		$	8,436		$	8,195		$	8,195
Long-term debt, including current portion, net	$	(60,995	)	$	(61,975	)	$	(167,558	)	$	(169,819	)
Financial liabilities, including current portion, net	$	(187,289	)	$	(190,713	)	$	(78,100	)	$	(79,391	)

Fair Value Measurements

The estimated fair value of our financial instruments that are not measured at fair value on a recurring basis, categorized based upon the fair value hierarchy, are as follows:

Level I: Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets that the Company has the ability to access. Valuation of these items does not entail a significant amount of judgment.

Level II: Inputs other than quoted prices included in Level I that are observable for the asset or liability through corroboration with market data at the measurement date.

Level III: Inputs that are unobservable.

	Fair Value Measurements at June 30, 2020
	Total			(Level I)		(Level II)			(Level III)
Cash and cash equivalents	$	11,356		$	11,356	$	—		$	—
Balance due from related parties, non-current(1)	$	8,436		$	—	$	8,436		$	—
Long-term debt, including current portion, net (2)	$	(61,975	)	$	—	$	(61,975	)	$	—
Financial liabilities, including current portion, net (3)	$	(190,713	)	$	—	$	(190,713	)	$	—

	Fair Value Measurements at December 31, 2019
	Total			(Level I)		(Level II)			(Level III)
Cash and cash equivalents	$	16,685		$	16,685	$	—		$	—
Restricted cash	$	1,424		$	1,424	$	—		$	—
Balance due from related parties, non-current(1)	$	8,195		$	—	$	8,195		$	—
Long-term debt, including current portion, net(2)	$	(169,819	)	$	—	$	(169,819	)	$	—
Financial liabilities, including current portion, net (3)	$	(79,391	)	$	—	$	(79,391	)	$	—

The fair value of the Company’s receivable from related companies is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account the counterparty’s creditworthiness.

The fair value of the Company’s long-term debt is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness.
The fair value of the Company’s financial liabilities is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account the Company’s creditworthiness.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 8: COMMITMENTS AND CONTINGENCIES The Company is involved in various disputes and arbitration proceedings arising in the ordinary course of business. Provisions are recognized in the condensed consolidated financial statements for all such proceedings where the Company believes that a liability may be probable, and for which the amounts are reasonably estimable, based upon facts known at the date the condensed consolidated financial statements were prepared. While the ultimate disposition of these actions cannot be predicted with certainty, management does not believe the outcome, individually or in aggregate, of such actions will have a material effect on the Company’s financial position, results of operations or cash flows. In February 2019, the Company announced the exercise of an option to acquire a 2011-built 10,000 TEU containership from an unrelated third party for a purchase price of $52,500. In July 2019, the Company converted the obligation to purchase a 2011-built 10,000 TEU containership, into an option. The agreement granted the Company the option and the right of first refusal to acquire the vessel at terms mutually agreed with the seller. During the fourth quarter of 2019, the Company received notice from the sellers to acquire the vessel. Navios Containers did not exercise the option and the containership was sold to a third party. As a result, Navios Containers made a payment of $3,000 to the sellers on April 1, 2020.

Transactions with Related Parties	6 Months Ended
Transactions with Related Parties	Jun. 30, 2020
Transactions with Related Parties [Abstract]
Transactions with Related Parties	NOTE 9: TRANSACTIONS WITH RELATED PARTIES Vessel operating expenses (management fees): Pursuant to a management agreement dated June 7, 2017, as amended on November 23, 2017, April 23, 2018, June 1, 2018 and August 28, 2019 (the “Management Agreement”), the Manager provides commercial and technical management services to the Company’s vessels. The term of this agreement is for an initial period of five years with an automatic extension for five years periods thereafter unless a notice for termination is received by either party. In August 2019, the Company extended the duration of the Management Agreement until January 1, 2025, with an automatic renewal for an additional five years, unless earlier terminated by either party, and provides for payment of a termination fee, equal to the fees charged for the full calendar year preceding the termination date, by Navios Containers in the event the Management Agreement is terminated on or before December 31, 2024. The fee for the ship management services provided by the Manager for the period through December 31, 2019 and the two-year period commencing January 1, 2020 is: (a) $6.1 and $6.2, respectively, daily rate per Container vessel of 3,000 TEU up to 4,999 TEU; (b) $7.4 and $7.8, respectively, daily rate per Container vessel of 8,000 TEU up to 9,999 TEU; (c) $7.4 and $8.3, respectively, daily rate per Container vessel of 10,000 TEU up to 11,999 TEU; and (d) commencing January 1, 2020, $0.1 per vessel daily rate for technical and commercial management services. Commencing January 1, 2022, the fees described in subsections (a) through (c) are subject to an annual increase of 3%, unless otherwise agreed. This fixed daily fee covers all of the vessels operating expenses, other than certain extraordinary fees and costs, as defined in Management Agreement. For the six month periods ended June 30, 2020 and 2019 certain extraordinary fees and costs related to regulatory requirements, under Company’s Management Agreement amounted to $207 and $3,559, respectively, and are presented under the caption “Acquisition of/additions to vessels” in the condensed consolidated statements of cash flows. Drydocking and special survey are paid to the Manager at cost. Total vessel operating expenses for the three month periods ended June 30, 2020 and 2019, under the respective agreement amounted to $17,192 and $16,408, respectively, and are presented under the caption “Vessel operating expenses (management fees entirely through related parties transactions)” in the condensed consolidated statements of operations. Total vessel operating expenses for the six month periods ended June 30, 2020 and 2019, under the respective agreement amounted to $34,384 and $32,131, respectively, and are presented under the caption “Vessel operating expenses (management fees entirely through related parties transactions)” in the condensed consolidated statements of operations. General & administrative expenses: Pursuant to the administrative services agreement, dated June 7, 2017, as amended on August 28, 2019 (the “Administrative Agreement”), the Manager also provides administrative services to Navios Containers, which include bookkeeping, audit and accounting services, legal and insurance services, administrative and clerical services, banking and financial services, advisory services, client and investor relations and other. The Manager is reimbursed for reasonable costs and expenses incurred in connection with the provision of these services. The term of this agreement is for an initial period of five years with an automatic extension for five years periods thereafter unless a notice for termination is received by either party. In August 2019, the Company extended the duration of the Administrative Agreement until January 1, 2025, with an automatic renewal for an additional five years, unless earlier terminated by either party. The amendment dated August 28, 2019 also provides for payment of a termination fee, equal to the fees charged for the full calendar year preceding the termination date, by the Company in the event the Administrative Agreement is terminated on or before December 31, 2024. Total general and administrative fees charged by the Manager for the three and six month periods ended June 30, 2020 amounted to $2,019 and $4,038, respectively, and are presented under the caption “General and administrative expenses” in the condensed consolidated statements of operations. Total general and administrative fees charged by the Manager for the three and six month periods ended June 30, 2019 amounted to $2,008 and $3,941, respectively, and are presented under the caption “General and administrative expenses” in the condensed consolidated statements of operations. Balance due from/to related parties: Balance due from related parties as of June 30, 2020 amounted to $133 (Balance due to related parties as of December 31, 2019: $16,586), and the long-term receivable amounted to $8,436 (December 31, 2019: $8,195). The balances mainly consisted of administrative fees, drydocking, extraordinary fees and costs related to regulatory requirements including ballast water treatment system, other expenses, as well as vessel operating expenses, in accordance with the Management Agreement. Omnibus Agreement: On June 7, 2017, the Company entered into an omnibus agreement with Navios Maritime Acquisition Corporation (“Navios Acquisition”), Navios Holdings and Navios Partners pursuant to which Navios Acquisition, Navios Holdings, Navios Partners and their controlled affiliates generally have granted a right of first refusal over any containerships to be sold or acquired in the future (the “Omnibus Agreement”). The Omnibus Agreement contains significant exceptions that will allow Navios Acquisition, Navios Holdings and Navios Partners or any of their controlled affiliates to compete with the Company under specified circumstances. General partner: In August 2019, Navios Holdings announced that it sold certain assets, including its ship management division and the general partnership interests in Navios Containers to N Shipmanagement Acquisition Corp. and related entities, an entity affiliated with the Company’s Chairman and Chief Executive Officer, Angeliki Frangou.

Segment Information

6 Months Ended

Jun. 30, 2020

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Segment Information

NOTE 10: SEGMENT INFORMATION

The Company reports financial information and evaluates its operations by charter revenues. The Company does not use discrete financial information to evaluate operating results for each type of charter or by sector. As a result, management reviews operating results solely by revenue per day and operating results of the fleet and thus the Company has determined that it operates under one reportable segment.

Revenue by Geographic Region

Vessels operate on a worldwide basis and are not restricted to specific locations. Accordingly, it is not possible to allocate the assets of these operations to specific countries.

The following table sets out operating revenue by geographic region for the Company’s reportable segment. Revenue is allocated on the basis of the geographic region in which the customer is located. Revenues from specific geographic regions which contribute over 10% of total revenue are disclosed separately.

	Three Month Period Ended June 30, 2020	Three Month Period Ended June 30, 2019	Six Month Period Ended June 30, 2020	Six Month Period Ended June 30, 2019

Asia	$ 16,579	$ 21,314	$ 42,344	$ 43,731
Europe	11,756	12,364	26,252	21,779
United States	455	—	455	—
Total Revenue	$ 28,790	$ 33,678	$ 69,051	$ 65,510

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

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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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

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 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Earnings/ (Loss) Per Unit

6 Months Ended

Jun. 30, 2020

Earnings Per Unit [Abstract]

Earnings per Unit

NOTE 11: EARNINGS/(LOSS) PER UNIT

The unit and per unit data included in the accompanying condensed consolidated financial statements have been restated for the periods presented to reflect the Company’s conversion to a limited partnership, as discussed in Note 1.

Earnings/(loss) per unit is calculated by dividing net income/(loss) available to common unitholders by the weighted average number of common units of Navios Containers outstanding during the period.

The general partner interest is a non-economic interest, meaning the Company’s general partner, Navios Maritime Containers GP LLC, does not participate in the Company’s distributions, profits or losses by reason of owning its general partner interest.

The calculations of the basic and diluted earnings per unit are presented below.

	Three Month Period Ended June 30, 2020	Three Month Period Ended June 30, 2019	Six Month Period Ended June 30, 2020	Six Month Period Ended June 30, 2019
Numerator
Net (loss)/income	$ (2,119)	$ 448	$ 2,890	$ 501
Denominator:
Denominator for basic and diluted earnings per common unit—weighted average number of common units	34,603,100	34,603,100	34,603,100	34,603,100
Basic and diluted net (loss)/earnings per common unit	(0.06)	0.01	0.08	0.01

Partners' Capital	6 Months Ended
Partners' Capital	Jun. 30, 2020
Partners' Capital [Abstract]
Partners' Capital	NOTE 12: PARTNERS’ CAPITAL Navios Containers Common units represent limited partnership interests in the Company. The holders of common units are entitled to participate pro rata in distributions from the Company and to exercise the rights or privileges that are available to common unit holders under the Company’s partnership agreement. The common unit holders have limited voting rights. The vote of the holders of at least 75% of all outstanding common units is required to remove the general partner. In March 2019, the Board of Directors authorized a unit repurchase program for up to $10,000 of the Company’s common units over a one-year period. The repurchase program has expired under its terms. Common unit repurchases could have been made from time to time for cash in open market transactions at prevailing market prices or in privately negotiated transactions. The timing and amount of repurchases under the program would have been determined by Company’s management based upon market conditions and other factors. Repurchases would have been made pursuant to a program adopted under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The program did not require any minimum repurchase or any specific number of units of common equity and could have been suspended or reinstated at any time in the Company’s discretion and without notice. As of its expiration, no common units were purchased under this program. The Board of Directors may consider another Common Unit repurchase program or Common Unit repurchases, in its discretion, depending upon the Company’s cash position, the market price of the Common Units and other relevant factors.

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 13: SUBSEQUENT EVENTS In July 2020, the Board of Directors authorized a unit repurchase program for up to $6,000 of the Company’s common units over a one-year period. Common unit repurchases will be made from time to time for cash in open market transactions at prevailing market prices or in privately negotiated transactions. The timing and amount of repurchases under the program will be determined by Company’s management based upon market conditions and other factors. Repurchases may be made pursuant to a program adopted under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The program does not require any minimum repurchase or any specific number of units of common equity and may be suspended or reinstated at any time in the Company’s discretion and without notice. The Board of Directors will review the program periodically.

Summary of Significant Accounting Policies (Policy)

6 Months Ended

Jun. 30, 2020

Summary of Significant Accounting Policies [Abstract]

Basis of Presentation

Principles of Consolidation

Subsidiaries included in the consolidation:

Company Name

Nature

Effective

Ownership

Interest

Country of

Incorporation

Statements of

Operations

2020

2019

Navios Maritime Containers L.P.

Holding Company

—

Marshall Is.

01/01—06/30

Navios Partners Containers Finance Inc.

Sub—Holding Company

100

Marshall Is.

01/01—06/30

Navios Partners Containers Inc.

Sub—Holding Company

100

Marshall Is.

01/01—06/30

Olympia II Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Pingel Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Ebba Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Clan Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Sui An Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Bertyl Ventures Co.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Silvanus Marine Company

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Anthimar Marine Inc.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Enplo Shipping Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Morven Chartering Inc.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Rodman Maritime Corp.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Isolde Shipping Inc.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Velour Management Corp.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Evian Shiptrade Ltd.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Boheme Navigation Company

Sub—Holding Company

100

Marshall Is.

01/01—06/30

Theros Ventures Limited

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Legato Shipholding Inc.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Inastros Maritime Corp.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Zoner Shiptrade S.A.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Jasmer Shipholding Ltd.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Thetida Marine Co.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Jaspero Shiptrade S.A.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Peran Maritime Inc.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Nefeli Navigation S.A.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Fairy Shipping Corporation

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Limestone Shipping Corporation

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Crayon Shipping Ltd

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Chernava Marine Corp.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Proteus Shiptrade S.A

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Vythos Marine Corp.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Iliada Shipping S.A.

Operating Company

100

Marshall Is.

01/01—06/30

Vinetree Marine Company

Operating Company

100

Marshall Is.

01/01—06/30

Afros Maritime Inc.

Operating Company

100

Marshall Is.

01/01—06/30

(1) Currently, vessel-operating company under the sale and leaseback transactions.

Recent Accounting Pronouncements

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Summary of Significant Accounting Policies [Abstract]

Subsidiaries included in the consolidation

Company Name

Nature

Effective

Ownership

Interest

Country of

Incorporation

Statements of

Operations

2020

2019

Navios Maritime Containers L.P.

Holding Company

—

Marshall Is.

01/01—06/30

Navios Partners Containers Finance Inc.

Sub—Holding Company

100

Marshall Is.

01/01—06/30

Navios Partners Containers Inc.

Sub—Holding Company

100

Marshall Is.

01/01—06/30

Olympia II Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Pingel Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Ebba Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Clan Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Sui An Navigation Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Bertyl Ventures Co.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Silvanus Marine Company

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Anthimar Marine Inc.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Enplo Shipping Limited

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Morven Chartering Inc.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Rodman Maritime Corp.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Isolde Shipping Inc.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Velour Management Corp.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Evian Shiptrade Ltd.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Boheme Navigation Company

Sub—Holding Company

100

Marshall Is.

01/01—06/30

Theros Ventures Limited

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Legato Shipholding Inc.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Inastros Maritime Corp.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Zoner Shiptrade S.A.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Jasmer Shipholding Ltd.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Thetida Marine Co.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Jaspero Shiptrade S.A.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Peran Maritime Inc.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Nefeli Navigation S.A.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Fairy Shipping Corporation

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Limestone Shipping Corporation

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Crayon Shipping Ltd

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Chernava Marine Corp.

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Proteus Shiptrade S.A

Vessel Owning Company

100

Marshall Is.

01/01—06/30

Vythos Marine Corp.

Vessel Owning Company (1)

100

Marshall Is.

01/01—06/30

Iliada Shipping S.A.

Operating Company

100

Marshall Is.

01/01—06/30

Vinetree Marine Company

Operating Company

100

Marshall Is.

01/01—06/30

Afros Maritime Inc.

Operating Company

100

Marshall Is.

01/01—06/30

(1) Currently, vessel-operating company under the sale and leaseback transactions.

Cash and Cash Equivalents and Restricted Cash (Tables)

6 Months Ended

Jun. 30, 2020

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents and Restricted Cash

	June 30, 2020		December 31, 2019
Reconciliation of cash and cash equivalents and restricted cash:
Current assets:
Cash and cash equivalents	$	11,356	$	16,685
Restricted cash		—		1,424
Total cash and cash equivalents and restricted cash	$	11,356	$	18,109

Vessels, Net (Tables)

6 Months Ended

Jun. 30, 2020

Property Plant And Equipment [Abstract]

Vessels, Net

Vessels	Vessels’ Cost		Accumulated Depreciation			Net Book Value
Balance December 31, 2018	$	348,639	$	(5,946	)	$	342,693
Additions		62,513		—			62,513
Depreciation		—		(9,585	)		(9,585	)
Balance December 31, 2019	$	411,152	$	(15,531	)	$	395,621
Additions/ Transfers to other assets		(696)		—			(696)
Depreciation		—		(5,147	)		(5,147	)
Balance June 30, 2020	$	410,456	$	(20,678	)	$	389,778

Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2020

Finite-Lived Intangible Assets, Net [Abstract]

Time Charters with Favorable Terms

Time charters with favorable terms	June 30, 2020	December 31, 2019
Acquisition cost	$71,535	$71,535
Accumulated amortization	(71,535)	(65,247)
Time charters with favorable terms net book value	$—	$6,288