Capital Clean Energy Carriers (CCEC) 6-K 10 Aug 16 2016 Q2 Current report (foreign) Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2016shares
Document and Entity Information
Document Type	6-K
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Entity Registrant Name	Capital Product Partners L.P.
Trading Symbol	CPLP
Entity Central Index Key	1,392,326
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
General Partner
Document and Entity Information
Entity's units outstanding	2,439,989
Common Limited Partner
Document and Entity Information
Entity's units outstanding	120,409,456
Preferred Limited Partner
Document and Entity Information
Entity's units outstanding	12,983,333

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 55,248	$ 90,190
Trade accounts receivable, net	3,107	2,680
Prepayments and other assets	3,146	2,547
Inventories	5,304	4,407
Total current assets	66,805	99,824
Fixed assets
Advances for vessels under construction - related party (Note 4)	0	18,172
Vessels, net (Note 4)	1,369,854	1,315,485
Total fixed assets	1,369,854	1,333,657
Other non-current assets
Above market acquired charters (Note 5)	96,664	100,518
Deferred charges, net	3,850	3,482
Restricted cash	17,500	17,000
Prepayments and other assets	2,517	1,394
Total non-current assets	1,490,385	1,456,051
Total assets	1,557,190	1,555,875
Current liabilities
Current portion of long-term debt, net (Note 6)	16,370	11,922
Trade accounts payable	10,549	8,431
Due to related parties (Note 3)	13,767	22,154
Accrued liabilities	7,461	7,872
Deferred revenue, current (Note 3)	8,978	10,867
Total current liabilities	57,125	61,246
Long-term liabilities
Long-term debt, net (Note 6)	578,248	555,888
Deferred revenue	639	921
Total long-term liabilities	578,887	556,809
Total liabilities	636,012	618,055
Commitments and contingencies (Note 11)
Partners' capital (Note 8)	921,178	937,820
Total liabilities and partners' capital	$ 1,557,190	$ 1,555,875

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Revenue:
Revenues	$ 99,748	$ 67,346
Revenues - related party (Note 3)	19,203	36,052
Total Revenues	118,951	103,398
Expenses:
Voyage expenses	4,012	2,411
Voyage expenses - related party (Note 3)	189	206
Vessel operating expenses	32,691	27,636
Vessel operating expenses - related party (Note 3)	5,301	5,863
General and administrative expenses (Note 3)	2,721	3,173
Vessel depreciation and amortization	35,390	29,412
Operating income	38,647	34,697
Other income / (expense), net:
Interest expense and finance cost	(12,059)	(9,525)
Interest and other income	387	1,088
Total other expense, net	(11,672)	(8,437)
Partnership's net income	26,975	26,260
Preferred unit holders' interest in Partnership's net income	5,550	5,628
General Partner's interest in Partnership's net income	426	411
Common unit holders' interest in Partnership's net income	$ 20,999	$ 20,221
Net income per (Note 10):
Common unit basic and diluted	$ 0.17	$ 0.18
Weighted-average units outstanding:
Common units basic and diluted	119,559,456	110,427,242
Total comprehensive income:	$ 26,975	$ 26,260

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Changes in Partners' Capital - USD ($) $ in Thousands	Total	General Partner	Limited Partners Common	Limited Partners Preferred
Balance at Dec. 31, 2014	$ 872,561	$ 15,602	$ 735,547	$ 121,412
Distributions declared and paid (distributions of $0.47 in 2015 and $0.31 in 2016 per common unit, $0.43 in 2015 and 2016 per preferred unit) (Note 8)	(59,143)	(1,066)	(52,236)	(5,841)
Partnership's net income	26,260	411	20,221	5,628
Issuance of Partnership's units	132,588		132,588
Conversion of Partnership's units (Note 8)		2,742	7,900	(10,642)
Balance at Jun. 30, 2015	972,266	17,689	844,020	110,557
Balance at Dec. 31, 2015	937,820	16,998	810,239	110,583
Distributions declared and paid (distributions of $0.47 in 2015 and $0.31 in 2016 per common unit, $0.43 in 2015 and 2016 per preferred unit) (Note 8)	(44,142)	(765)	(37,749)	(5,628)
Partnership's net income	26,975	426	20,999	5,550
Equity compensation expense (Note 9)	525		525
Balance at Jun. 30, 2016	$ 921,178	$ 16,659	$ 794,014	$ 110,505

Unaudited Consensed Consolidate

Unaudited Consensed Consolidated Statements of Changes in Partners' Capital (Parentheticals) - $ / shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Limited Partners Common
Distributions declared and paid	$ 0.31	$ 0.47
Limited Partners Preferred
Distributions declared and paid	$ 0.43	$ 0.43

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income	$ 26,975	$ 26,260
Adjustments to reconcile net income to net cash provided by operating activities:
Vessel depreciation and amortization	35,390	29,412
Amortization of deferred financing costs	773	364
Amortization of above market acquired charters (Note 5)	7,060	7,631
Equity compensation expense	525	0
Changes in operating assets and liabilities:
Trade accounts receivable	(427)	380
Prepayments and other assets	(1,722)	(655)
Inventories	(897)	(800)
Trade accounts payable	2,271	3,190
Due from related parties	0	(2,172)
Due to related parties	(8,387)	289
Accrued liabilities	(77)	(330)
Deferred revenue	(2,154)	(867)
Dry-docking costs paid	(1,826)	(419)
Net cash provided by operating activities	57,504	62,283
Cash flows from investing activities:
Vessel acquisitions and improvements (Note 4)	(74,038)	(134,093)
Increase in restricted cash	(500)	(1,500)
Net cash used in investing activities	(74,538)	(135,593)
Cash flows from financing activities:
Proceeds from issuance of Partnership units	0	133,327
Expenses paid for issuance of Partnership units	0	(476)
Proceeds from long-term debt (Notes 4, 6)	35,000	72,389
Deferred financing costs paid	(89)	(1,769)
Payments of long-term debt (Note 6)	(8,677)	(118,599)
Dividends paid	(44,142)	(59,143)
Net cash (used in) / provided by financing activities	(17,908)	25,729
Net decrease in cash and cash equivalents	(34,942)	(47,581)
Cash and cash equivalents at beginning of period	90,190	164,199
Cash and cash equivalents at end of period	55,248	116,618
Supplemental cash flow information
Cash paid for interest	12,221	8,170
Non-Cash Investing and Financing Activities
Issuance costs of Partnership's units included in liabilities	0	263
Capital expenditures included in liabilities	613	79
Capitalized dry docking and deferred costs included in liabilities	$ 1,354	$ 1,265

Basis Of Presentation and Gener

Basis Of Presentation and General Information	6 Months Ended
	Jun. 30, 2016
Basis of Presentation and General Information [Abstract]
Basis of Presentation and General Information	Basis of Presentation and General Information Capital Product Partners L.P. (the “Partnership”) was formed on January 16, 2007, under the laws of the Marshall Islands. The Partnership is an international shipping company. Its fleet of thirty five high specification vessels consists of four suezmax crude oil tankers, twenty modern medium range tankers all of which are classed as IMO II/III vessels, ten post panamax container carrier vessels, and one capesize bulk carrier. Its vessels are capable of carrying a wide range of cargoes, including crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, edible oils and certain chemicals such as ethanol as well as dry cargo and containerized goods under short-term voyage charters and medium to long-term time and bareboat charters. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information. Accordingly, they do not include all the information and notes required by U.S. GAAP for complete financial statements. These statements and the accompanying notes should be read in conjunction with the Partnership's Annual Report on Form 20-F for the fiscal year ended December 31, 2015, filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 17, 2016. These unaudited condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments considered necessary for a fair presentation of the Partnership's financial position, results of operations and cash flows for the periods presented. Operating results for the six month period ended June 30, 2016 are not necessarily indicative of the results that might be expected for the fiscal year ending December 31, 2016.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Significant Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies A discussion of the Partnership's significant accounting policies can be found in the Partnership's Consolidated Financial Statements included in the Annual Report on Form 20-F for the year ended December 31, 2015 (the “Consolidated Financial Statements for the year ended December 31, 2015”). Recent Accounting Pronouncements: In March 2016, the Financial Accounting Standards Board (“FASB”) issued the Accounting Standard Update (“ASU”) No 2016-09, Stock Compensation, which is intended to simplify several aspects of the accounting for share-based payment award transactions. The guidance will be effective for the fiscal year beginning after December 15, 2016, including interim periods within that year. The Partnership is currently evaluating the impact, if any, of the adoption of this new standard. In February 2016, the Financial Accounting Standards Board (“FASB”) issued the ASU 2016-02, Leases (Topic 842). The main provision of this ASU is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. The FASB decided to not fundamentally change lessor accounting. However, some changes have been made to lessor accounting to conform and align that guidance with the lessee guidance and other areas within U.S. GAAP. This update is effective for public entities with reporting periods beginning after December 15, 2018, including interim periods within those years. Early adoption is permitted. The Partnership is currently evaluating the impact, if any, of the adoption of this new standard. In July 2015, the FASB issued ASU 2015-11, to simplify the measurement of inventory using first-in, first-out (FIFO) or average cost method. According to this ASU an entity should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices less reasonably predictable costs of completion, disposal and transportation. This update is effective for public entities with reporting periods beginning after December 15, 2016. Early adoption is permitted. The Partnership believes that the implementation of this update will not have any material impact on its financial statements and has not elected the early adoption. On May 28, 2014, the FASB issued Accounting Standard Update (“ASU”) No 2014-09 as amended by ASU 2016-08 which was issued in March 2016, ASU 2016-10 which was issued in April 2016 and ASU 2016-12 which was issued in May 2016, Revenue From Contracts With Customers, which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. This standard is effective for public entities with reporting periods beginning after December 15, 2017. Early application is permitted only as of annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016. The Company is currently evaluating the impact, if any, of the adoption of this new standard.

Transactions with Related Parti

Transactions with Related Parties	6 Months Ended
	Jun. 30, 2016
Transactions with Related Parties [Abstract]
Transactions with Related Parties	3. Transactions with Related Parties The Partnership and its subsidiaries, have related-party transactions with Capital Maritime & Trading Corp. (“CMTC”) which is a related party unit holder. The Partnership and its subsidiaries have also related party transactions with Capital Ship Management Corp. (the “Manager” or “CSM”) arising from certain terms of the following three different types of management agreements. 1. Fixed fee management agreement: 2. Floating fee management agreement: 3. Crude management agreement: (a) a daily technical management fee per managed vessel that is revised annually based on the United States Consumer Price Index; (b) a sale and purchase fee equal to 1% of the gross purchase or sale price upon the consummation of any purchase or sale of a vessel acquired by Crude ; and (c) a commercial services fee equal to 1.25% of all gross charter revenues generated by each vessel for commercial services rendered. The Manager has the right to terminate the Crude management agreement and, under certain circumstances, could receive substantial sums in connection with such termination. As of March 2016 this termination fee was adjusted to $9,858 from $9,760. All the above three agreements constitute the “Management Agreements” and the related management fees are included in “Vessel operating expenses - related party” in the accompanying condensed consolidated statements of comprehensive income. Under the terms of the fixed fee management agreement, the Manager charges the Partnership for additional fees and costs, relating to insurances deductibles, vetting, and repairs and spares that related to unforeseen events. For the six month periods ended June 30, 2016 and 2015 such fees amounted to $99 and $268 respectively and are included in “Vessel operating expenses - related party” in the accompanying condensed consolidated statements of comprehensive income. On April 4, 2007, the Partnership entered into an administrative services agreement with the Manager, pursuant to which the Manager will provide certain administrative management services to the Partnership such as accounting, auditing, legal, insurance, IT, clerical, and other administrative services. Also the Partnership reimburses the Manager and its general partner, Capital GP L.L.C. (the “CGP”) for reasonable costs and expenses incurred in connection with the provision of these services after the Manager 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 unaudited condensed consolidated statements of comprehensive income. The Partnership has also entered into an executive services agreement with CGP according to which CGP provides certain executive officers services for the management of the Partnership's business as well as investor relation and corporate support services to the Partnership. For the six months period ended June 30, 2016 and 2015 such fees amounted to $844 and $810 respectively, and are included in “General and administrative expenses” in the accompanying condensed consolidated statements of comprehensive income. Balances and transactions with related parties consisted of the following: Consolidated Balance Sheets As of As of Assets: Advances for vessels under construction (f) $- $18,172 Total assets $- $18,172 Liabilities: Manager - payments on behalf of the Partnership (a) $12,871 $21,264 Management fee payable to CSM (b) 896 890 Due to related parties $13,767 $22,154 Deferred revenue - current (e) 1,437 4,253 Total liabilities $15,204 $26,407 Consolidated Statement of Comprehensive Income For the six month periods ended June 30, 2016 2015 Revenues (c) $ 19,203 $ 36,052 Voyage expenses 189 206 Vessel operating expenses 5,301 5,863 General and administrative expenses (d) 511 1,278 (a) Manager - Payments on Behalf of Capital Product Partners L.P .: (b) Management fee payable to CSM : (c) Revenues: CMTC during the six month periods ended June 30, 2016 and 2015: Vessel Name Time Commencement or expected beginning of Termination or Gross (Net) Daily Hire Rate M/T Agisilaos 1 TC 09/2014 09/2015 $14.3 ($14.1) M/T Agisilaos 1 TC 09/2015 06/2016 $14.5 ($14.3) M/T Axios 1 TC 07/2014 06/2015 $14.8 ($14.6) M/T Arionas 1.2 TC 12/2014 01/2016 $15.0 ($14.8) M/T Amore Mio II 1 TC 12/2013 04/2015 $17.0 ($16.8) M/T Amore Mio II 1 to 1.2 TC 04/2015 09/2015 $27.0 ($26.7) M/T Avax 1 TC 09/2014 06/2015 $14.8 ($14.6) M/T Akeraios 1.5 TC 07/2013 03/2015 $15.0 ($14.8) M/T Akeraios 2 TC 03/2015 04/2016 $15.6 ($15.4) M/T Apostolos 1.2 to 1.5 TC 10/2013 04/2015 $14.9 ($14.7) M/T Apostolos 2 TC 04/2015 01/2016 $15.6 ($15.4) M/T Anemos I 1.2 to 1.5 TC 12/2013 06/2015 $14.9 ($14.7) M/T Anemos I 1 TC 06/2015 01/2016 $17.3 ($17.0) M/T Aristotelis 1.5 to 2 TC 12/2013 12/2015 $17.0 ($16.8) M/T Aristotelis 1.1 to 1.3 TC 12/2015 01/2017 $19.0 ($18.8) M/T Amoureux 1 TC 01/2014 04/2015 $24.0 ($23.7) M/T Aias 1 TC 12/2013 02/2015 $24.0 ($23.7) M/T Assos 1 TC 06/2014 04/2015 $14.8 ($14.6) M/T Atrotos 1 TC 05/2014 05/2015 $14.8 ($14.6) M/T Atrotos 1 TC 05/2015 12/2015 $15.3 ($15.1) M/T Ayrton II 2 TC 02/2016 01/2018 $18.0 ($17.8) M/T Miltiadis M II 0.6 TC 09/2015 05/2016 $35.0 ($34.6) M/T Active 2 TC 04/2015 06/2015 $17.0 ($16.8) M/T Amadeus 2 TC 06/2015 05/2017 $17.0 ($16.8) (d) General and administrative expenses: (e) Deferred Revenue: (f) Advances for vessels under construction:

Fixed assets

Fixed assets	6 Months Ended
	Jun. 30, 2016
Fixed assets [Abstract]
Fixed assets	4. Fixed assets (a) Advances for vessels under construction - related party An analysis of advances for vessels under construction - related party is as follows: Advances for vessels under Balance as at January 1, 2016 $18,172 Transfer to vessels (18,172) Balance as at June 30, 2016 $- As of June 30, 2016 there were no advances for vessels under construction-related party, as the Partnership acquired the vessel-owning company of the M/V Anaxagoras (renamed to “CMA CGM Magdalena”), which was the last out of the five vessels the Partnership agreed to acquire from CMTC according to the terms of the Master Agreement. Details about the Master Agreement were discussed in Note 5a of the Partnership's Consolidated Financial Statements for the year ended December 31, 2015. (b) Vessels, net An analysis of vessels is as follows: Vessel Cost Accumulated depreciation Net book value Balance as at January 1, 2016 $1,653,727 $(338,242) $1,315,485 Acquisition and improvements 70,675 - 70,675 Transfer from advances for vessels under construction - related party 18,172 - 18,172 Depreciation for the period - (34,478 ) (34,478) Balance as at June 30, 2016 $1,742,574 $(372,720) $1,369,854 All of the Partnership's vessels as of June 30, 2016 have been provided as collateral to secure the Partnership's credit facilities. On February 26, 2016, the Partnership acquired the shares of the vessel-owning company of the M/V CMA CGM Magdalena for a total consideration of $81,500 which was funded by loan drawdown of $35,000 from the Partnership's 2013 credit facility (Note 6) and the remaining balance of $46,500 through the Partnership's available cash. The Partnership accounted for this acquisition as acquisition of asset based on the absence of processes attached to the inputs. Other than the new building and the attached time charter, no other inputs and no processes were acquired. The Partnership considered whether any value should be assigned to the attached charter party agreement acquired and concluded that the contracted daily charter rate was above the market rates on the transaction completion date and therefore, the total consideration was allocated to the vessel cost and the above market acquired charter. Thus the vessel was recorded in the Partnership's financial statements at a cost of $88,544 and the above market acquired charter at a cost of $3,206 (Note 5). As of December 31, 2015 the Partnership had paid advances of $7,922 to CMTC for the acquisition of the shares of this vessel-owning company. The difference of $10,250 between the cost of the vessel and the above market acquired charter of $91,750 and the total consideration of $81,500 was part of the excess of $36,417 that the Partnership had recorded in its financial statements in August 2014 upon the approval of the Master Agreement and the IDRs reset at the Partnership's annual meeting. During the six month period ended June 30, 2016, the M/T Alkiviadis, the M/T Anemos I, the M/T Amore Mio II and the M/T Miltiadis M II underwent improvements during their scheduled special survey. The costs of these improvements for these vessels amounted to $303 and were capitalized as part of the vessels' cost.

Above market acquired charters

Above market acquired charters	6 Months Ended
	Jun. 30, 2016
Above market acquired charters [Abstract]
Above market acquired charters	5. Above market acquired charters On February 26, 2016 the Partnership acquired the shares of the vessel-owning company of the M/V CMA CGM Magdalena from CMTC with outstanding time charter to CMA-CGM S.A., which was above the market rate for equivalent time charters prevailing at the time of acquisition. The present value of the above market acquired time charter was estimated by the Partnership at $3,206 and recorded as an asset in the consolidated balance sheet as of the acquisition date. For the six month periods ended June 30, 2016 and 2015, revenues included a reduction of $7,060 and $7,631 as amortization of the above market acquired charters, respectively. An analysis of above market acquired charters is as follows: Above market acquired charters M/V Cape Agamemnon M/V Hyundai Premium M/V Hyundai Paramount M/V Hyundai Prestige M/V Hyundai Privilege M/V Hyundai Platinum M/V CMA CGM Magdalena Total Carrying amount at January 1, 2016 $24,100 $15,060 $15,189 $15,190 $15,471 $15,508 $- $100,518 Acquisitions - - - - - - 3,206 3,206 Amortization (2,671) (827) (828) (844) (834) (832) (224) (7,060) Carrying amount at June 30, 2016 $21,429 $14,233 $14,361 $14,346 $14,637 $14,676 $2,982 $96,664 As of June 30, 2016 the remaining carrying amount of unamortized above market acquired time charters was $96,664 and will be amortized in future years as follows: For the twelve month period ended M/V Cape M/V M/V M/V M/V M/V M/V CMA CGM Magdalena Total 2017 $5,357 $1,668 $1,670 $1,693 $1,672 $1,669 $652 $14,381 2018 5,357 1,668 1,670 1,693 1,672 1,669 652 14,381 2019 5,357 1,668 1,670 1,693 1,672 1,669 652 14,381 2020 5,358 1,668 1,670 1,697 1,676 1,674 653 14,396 2021 - 1,668 1,670 1,693 1,672 1,669 373 8,745 Thereafter - 5,893 6,011 5,877 6,273 6,326 - 30,380 Total $21,429 $14,233 $14,361 $14,346 $14,637 $14,676 $2,982 $96,664

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2016
Long-Term Debt [Abstract]
Long-Term Debt	6. Long-Term Debt As of June 30, 2016 and December 31, 2015 the Partnership's long-term debt consisted of the following: Bank Loans As of As of Margin (i) Issued in April, 2007 maturing in December, 2019 - $370,000 credit facility (the “2007 credit facility”) $ 185,975 $ 185,975 3.00% (ii) Issued in March, 2008 maturing in December, 2019 - $350,000 credit facility (the “2008 credit facility”) $ 181,641 $ 181,641 3.00% (iii) Issued in June 2011 maturing in March 2018 - $25,000 credit facility -(the “2011 credit facility”) $ 14,000 $ 14,000 3.25% (iv) Issued in September 2013 maturing in December 2020 - (the “2013 credit facility”) $ 216,323 $ 190,000 3.50% Total long-term debt $ 597,939 $ 571,616 Less: Deferred loan issuance costs 3,321 3,806 Total long-term debt, net $ 594,618 $ 567,810 Less: Current portion of long-term debt 17,354 12,957 Add: Current portion of deferred loan issuance costs 984 1,035 Long-term debt, net $ 578,248 $ 555,888 Details of the Partnership's credit facilities are discussed in Note 7 of the Partnership's Consolidated Financial Statements for the year ended December 31, 2015. On February 23, 2016, the Partnership drew the amount of $35,000 from the Tranche B of its existing 2013 credit facility in order to partly finance the acquisition of the shares of the vessel-owning company of the M/V CMA CGM Magdalena (Note 4). During the six month period ended June 30, 2016 the Partnership repaid the amount of $8,677, in line with the amortization schedule of its 2013 credit facility. As of June 30, 2016 there were no undrawn amounts under the Partnership's credit facilities. As of June 30, 2016 and December 31, 2015 the Partnership was in compliance with all financial debt covenants. For the six month periods ended June 30, 2016 and 2015 interest expense amounted to $11,055 and $8,230, respectively. As of June 30, 2016 and 2015 the weighted average interest rate of the Partnership's loan facilities was 3.71% and 3.34% respectively.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2016
Financial Instruments [Abstarct]
Financial Instruments	7. 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; Level 3: Inputs are unobservable inputs for the asset or liability. The carrying value of cash and cash equivalents and restricted cash, which are considered Level 1 items as they represent liquid assets with short-term maturities, trade receivables, due from related parties, due to related parties, trade accounts payable and accrued liabilities approximates their fair value. The fair values of long-term variable rate bank loans approximate the recorded values, due to their variable interest being the LIBOR and due to the fact 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 June 30, 2016. LIBOR rates are observable at commonly quoted intervals for the full terms of the loans and hence bank loans are considered Level 2 items in accordance with the fair value hierarchy. Financial instruments which potentially subject the Partnership to significant concentrations of credit risk consist principally of cash and cash equivalents and trade accounts receivable. The Partnership places its cash and cash equivalents, consisting mostly of deposits with creditworthy financial institutions rated by qualified rating agencies. A limited number of financial institutions hold the Partnership's cash. Most of the Partnership's revenues were derived from a few charterers. As of June 30, 2016 and December 31, 2015 there were four and two customers, respectively, that accounted for more than 10% of the Partnership's revenues. The Partnership does not obtain rights of collateral from its charterers to reduce its credit risk.

Partners' Capital

Partners' Capital	6 Months Ended
	Jun. 30, 2016
Partners' Capital [Abstract]
Partners' Capital	8. Partners' Capital As of June 30, 2016 and December 31, 2015 the Partnership's partners' capital was comprised of the following units: As of June 30, As of December 31, Common units 120,409,456 120,409,456 General partner units 2,439,989 2,439,989 Preferred units 12,983,333 12,983,333 Total partnership units 135,832,778 135,832,778 For the six month period ended June 30, 2015 various investors, holders of Class B Convertible Preferred Units, (the “Class B Units” or “Preferred units”) converted 1,240,404 Class B Convertible Preferred Units into common units. During the six month period ended June 30, 2016 no such conversion occurred. During the six month period ended June 30, 2015 CMTC converted 315,908 common units into general partner units respectively, in order for CGP to maintain its 2% interest in the Partnership. For the six month period ended June 30, 2016 CMTC did not convert any common unit into general partner unit. Details of the Partnership's Partner's Capital are discussed in Note 12 of the Partnership's Consolidated Financial Statements. During the six month periods ended June 30, 2016 and 2015, the Partnership declared and paid the following distributions to its common and preferred unit holders: April 26, 2016 January 20, 2016 April 23, 2015 January 23, 2015 Common unit-holders Distributions per common unit declared 0.0750 0.2385 0.2345 0.2325 Common units entitled to distribution 120,409,456 120,409,456 119,559,456 104,079,960 General partner and IDR distributions $ 183 $ 582 $ 572 $ 494 Preferred unit-holders Distributions per preferred unit declared 0.21375 0.21975 0.21575 0.21375 Preferred units entitled to distribution 12,983,333 12,983,333 12,983,333 14,223,737

Omnibus Incentive Compensation

Omnibus Incentive Compensation Plan	6 Months Ended
	Jun. 30, 2016
Omnibus Incentive Compensation Plan [Abstract]
Omnibus Incentive Compensation Plan	9. Omnibus Incentive Compensation Plan On April 29, 2008, the board of directors approved the Partnership's Plan according to which the Partnership may issue a limited number of awards, not to exceed 500,000 units. The Plan was amended on July 22, 2010 increasing the aggregate number of restricted units issuable under the Plan to 800,000 which was then increased to 1,650,000 common units on August 21, 2014, at the annual general meeting of the Partnership's unit holders. The Plan is administered by the general partner as authorized by the board of directors. The persons eligible to receive awards under the Plan are officers, directors, and executive, managerial, administrative and professional employees of the Manager, or CMTC, or other eligible persons (collectively, “key persons”) as the general partner, in its sole discretion, shall select based upon such factors as it deems relevant. Members of the board of directors and officers of the general partner are considered to be employees of the Partnership (“Employees”) for the purposes of recognition of equity compensation expense, while employees of the Manager, CMTC and other eligible persons under the plan are not considered to be employees of the Partnership (“Non-Employees”). Awards may be made under the Plan in the form of incentive stock options, non-qualified stock options, stock appreciation rights, dividend equivalent rights, restricted stock, unrestricted stock, restricted stock units and performance shares. On December 23, 2015 the Partnership awarded 240,000 and 610,000 unvested units to Employees and Non-Employees, respectively. Awards granted to certain Employees and Non-Employees will vest in three equal annual instalments. The remaining awards will vest on December 31, 2018. All unvested units are conditional upon the grantee's continued service as Employee and/or Non-Employee until the applicable vesting date. The unvested units accrued distributions as declared and paid which are retained by the custodian of the Plan until the vesting date at which they were payable to the grantee. As unvested unit grantees accrued distributions on awards that are expected to vest, such distributions are charged to Partners' capital. As of June 30, 2016 the unvested units accrued $266 of distributions. The following table contains details of our plan: Employee equity compensation Non-Employee equity compensation Unvested Units Units Grant-date fair Units Award-date fair Unvested on January 1, 2016 240,000 $ 1,325 610,000 $ 3,367 Vested - - - - Unvested on June 30, 2016 240,000 $ 1,325 610,000 $ 3,367 For the six month periods ended June 30, 2016 and 2015 the equity compensation expense that has been charged in the unaudited condensed consolidated statements of comprehensive income was $219, $0 for the Employee awards and $306, $0 for the Non-Employee awards, respectively. This expense has been included in general and administrative expenses in the unaudited condensed consolidated statements of comprehensive income. As of June 30, 2016 the total compensation cost related to non vested awards is $2,584 and is expected to be recognized over a weighted average period of 2.5 years. The Partnership uses the straight-line method to recognize the cost of the awards.

Net Income Per Unit

Net Income Per Unit	6 Months Ended
	Jun. 30, 2016
Net Income Per Unit [Abstract]
Net Income Per Unit	10. 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 subsequent to April 4, 2007, were distributed according to the terms of the partnership's 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, 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. This guidance also considers whether the partnership agreement contains any contractual limitations concerning distributions to the incentive distribution rights that would impact the amount of earnings to allocate to the incentive distribution rights for each reporting period. Under the Partnership Agreement, the holder of the incentive distribution rights 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 after the minimum quarterly distribution. The Partnership's net income for the six month periods ended June 30, 2016 and 2015 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. As of June 30, 2016, the Partnership excluded the effect of 850,000 non-vested unit awards in calculating dilutive EPU for its common unitholders as they were anti-dilutive. The Partnership excluded the effect of 12,983,333 Class B Convertible Preferred Units in calculating dilutive EPU as of June 30, 2016 and 2015 respectively as they were anti-dilutive. The Two Class Method was used to calculate Earnings Per Unit (“EPU”) as follows: BASIC and DILUTED For the six month periods Numerators 2016 2015 Partnership's net income $ 26,975 $ 26,260 Less: Preferred unit holders' interest in Partnership's net income 5,550 5,628 General Partner's interest in Partnership's net income 426 411 Partnership's net income allocable to unvested units 148 - Common unit holders' interest in Partnership's net income $ 20,851 $ 20,221 Denominators Weighted average number of common units outstanding, basic and diluted 119,559,456 110,427,242 Net income per common unit: Basic and diluted $ 0.17 $ 0.18

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies [Abstract]
Commitments and Contingencies	11. Commitments and 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 is not aware of any such claims or contingent liabilities, which should be disclosed, or for which a provision should be established in the accompanying unaudited condensed consolidated financial statements. The Partnership accrues for the cost of environmental liabilities when management becomes aware that a liability is probable and is able to reasonably estimate the probable exposure. 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 accompanying unaudited condensed consolidated financial statements. (a) Lease Commitments Future minimum rental receipts, excluding any profit share revenue that may arise, based on non-cancellable long-term time and bareboat charter contracts, as of June 30, 2016 are: For the twelve month period ended June 30, Amount 2017 $216,748 2018 172,329 2019 128,099 2020 110,250 2021 63,730 Thereafter 194,561 Total $885,717 HMM charters restructuring has not been taken into account in future minimum rental receipts in the table above, since it was signed subsequently to June 30, 2016.

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2016
Subsequent events [Abstract]
Subsequent events	12. Subsequent events a) Dividends: In addition, on July 21, 2016, the Board of Directors of the Partnership declared a cash distribution of $0.21375 per Class B Unit for the second quarter of 2016. The cash distribution was paid on August 10, 2016, to Class B Unit holders of record on August 3, 2016. b)HMM charters restructuring:

Significant Accounting Polici19

Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2016
Significant Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements: In March 2016, the Financial Accounting Standards Board (“FASB”) issued the Accounting Standard Update (“ASU”) No 2016-09, Stock Compensation, which is intended to simplify several aspects of the accounting for share-based payment award transactions. The guidance will be effective for the fiscal year beginning after December 15, 2016, including interim periods within that year. The Partnership is currently evaluating the impact, if any, of the adoption of this new standard. In February 2016, the Financial Accounting Standards Board (“FASB”) issued the ASU 2016-02, Leases (Topic 842). The main provision of this ASU is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. The FASB decided to not fundamentally change lessor accounting. However, some changes have been made to lessor accounting to conform and align that guidance with the lessee guidance and other areas within U.S. GAAP. This update is effective for public entities with reporting periods beginning after December 15, 2018, including interim periods within those years. Early adoption is permitted. The Partnership is currently evaluating the impact, if any, of the adoption of this new standard. In July 2015, the FASB issued ASU 2015-11, to simplify the measurement of inventory using first-in, first-out (FIFO) or average cost method. According to this ASU an entity should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices less reasonably predictable costs of completion, disposal and transportation. This update is effective for public entities with reporting periods beginning after December 15, 2016. Early adoption is permitted. The Partnership believes that the implementation of this update will not have any material impact on its financial statements and has not elected the early adoption. On May 28, 2014, the FASB issued Accounting Standard Update (“ASU”) No 2014-09 as amended by ASU 2016-08 which was issued in March 2016, ASU 2016-10 which was issued in April 2016 and ASU 2016-12 which was issued in May 2016, Revenue From Contracts With Customers, which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. This standard is effective for public entities with reporting periods beginning after December 15, 2017. Early application is permitted only as of annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016. The Company is currently evaluating the impact, if any, of the adoption of this new standard.

Transactions with Related Par20

Transactions with Related Parties (Tables)	6 Months Ended
	Jun. 30, 2016
Transactions with Related Parties [Abstract]
Balances and Transactions with Related Parties	Consolidated Balance Sheets As of As of Assets: Advances for vessels under construction (f) $- $18,172 Total assets $- $18,172 Liabilities: Manager - payments on behalf of the Partnership (a) $12,871 $21,264 Management fee payable to CSM (b) 896 890 Due to related parties $13,767 $22,154 Deferred revenue - current (e) 1,437 4,253 Total liabilities $15,204 $26,407 Consolidated Statement of Comprehensive Income For the six month periods ended June 30, 2016 2015 Revenues (c) $ 19,203 $ 36,052 Voyage expenses 189 206 Vessel operating expenses 5,301 5,863 General and administrative expenses (d) 511 1,278
Charter Agreements	Vessel Name Time Commencement or expected beginning of Termination or Gross (Net) Daily Hire Rate M/T Agisilaos 1 TC 09/2014 09/2015 $14.3 ($14.1) M/T Agisilaos 1 TC 09/2015 06/2016 $14.5 ($14.3) M/T Axios 1 TC 07/2014 06/2015 $14.8 ($14.6) M/T Arionas 1.2 TC 12/2014 01/2016 $15.0 ($14.8) M/T Amore Mio II 1 TC 12/2013 04/2015 $17.0 ($16.8) M/T Amore Mio II 1 to 1.2 TC 04/2015 09/2015 $27.0 ($26.7) M/T Avax 1 TC 09/2014 06/2015 $14.8 ($14.6) M/T Akeraios 1.5 TC 07/2013 03/2015 $15.0 ($14.8) M/T Akeraios 2 TC 03/2015 04/2016 $15.6 ($15.4) M/T Apostolos 1.2 to 1.5 TC 10/2013 04/2015 $14.9 ($14.7) M/T Apostolos 2 TC 04/2015 01/2016 $15.6 ($15.4) M/T Anemos I 1.2 to 1.5 TC 12/2013 06/2015 $14.9 ($14.7) M/T Anemos I 1 TC 06/2015 01/2016 $17.3 ($17.0) M/T Aristotelis 1.5 to 2 TC 12/2013 12/2015 $17.0 ($16.8) M/T Aristotelis 1.1 to 1.3 TC 12/2015 01/2017 $19.0 ($18.8) M/T Amoureux 1 TC 01/2014 04/2015 $24.0 ($23.7) M/T Aias 1 TC 12/2013 02/2015 $24.0 ($23.7) M/T Assos 1 TC 06/2014 04/2015 $14.8 ($14.6) M/T Atrotos 1 TC 05/2014 05/2015 $14.8 ($14.6) M/T Atrotos 1 TC 05/2015 12/2015 $15.3 ($15.1) M/T Ayrton II 2 TC 02/2016 01/2018 $18.0 ($17.8) M/T Miltiadis M II 0.6 TC 09/2015 05/2016 $35.0 ($34.6) M/T Active 2 TC 04/2015 06/2015 $17.0 ($16.8) M/T Amadeus 2 TC 06/2015 05/2017 $17.0 ($16.8)

Fixed Assets (Tables)

Fixed Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Fixed assets [Abstract]
Advances for vessels under construction - related party	Advances for vessels under Balance as at January 1, 2016 $18,172 Transfer to vessels (18,172) Balance as at June 30, 2016 $-
Vessels, net	Vessel Cost Accumulated depreciation Net book value Balance as at January 1, 2016 $1,653,727 $(338,242) $1,315,485 Acquisition and improvements 70,675 - 70,675 Transfer from advances for vessels under construction - related party 18,172 - 18,172 Depreciation for the period - (34,478 ) (34,478) Balance as at June 30, 2016 $1,742,574 $(372,720) $1,369,854

Above market acquired charters

Above market acquired charters (Tables)	6 Months Ended
	Jun. 30, 2016
Above market acquired charters [Abstract]
Above Market Acquired Charters	Above market acquired charters M/V Cape Agamemnon M/V Hyundai Premium M/V Hyundai Paramount M/V Hyundai Prestige M/V Hyundai Privilege M/V Hyundai Platinum M/V CMA CGM Magdalena Total Carrying amount at January 1, 2016 $24,100 $15,060 $15,189 $15,190 $15,471 $15,508 $- $100,518 Acquisitions - - - - - - 3,206 3,206 Amortization (2,671) (827) (828) (844) (834) (832) (224) (7,060) Carrying amount at June 30, 2016 $21,429 $14,233 $14,361 $14,346 $14,637 $14,676 $2,982 $96,664
Above Market Acquired Charter Future Amortization Expense	For the twelve month period ended M/V Cape M/V M/V M/V M/V M/V M/V CMA CGM Magdalena Total 2017 $5,357 $1,668 $1,670 $1,693 $1,672 $1,669 $652 $14,381 2018 5,357 1,668 1,670 1,693 1,672 1,669 652 14,381 2019 5,357 1,668 1,670 1,693 1,672 1,669 652 14,381 2020 5,358 1,668 1,670 1,697 1,676 1,674 653 14,396 2021 - 1,668 1,670 1,693 1,672 1,669 373 8,745 Thereafter - 5,893 6,011 5,877 6,273 6,326 - 30,380 Total $21,429 $14,233 $14,361 $14,346 $14,637 $14,676 $2,982 $96,664

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2016
Long-Term Debt [Abstract]
Bank Loans	Bank Loans As of As of Margin (i) Issued in April, 2007 maturing in December, 2019 - $370,000 credit facility (the “2007 credit facility”) $ 185,975 $ 185,975 3.00% (ii) Issued in March, 2008 maturing in December, 2019 - $350,000 credit facility (the “2008 credit facility”) $ 181,641 $ 181,641 3.00% (iii) Issued in June 2011 maturing in March 2018 - $25,000 credit facility -(the “2011 credit facility”) $ 14,000 $ 14,000 3.25% (iv) Issued in September 2013 maturing in December 2020 - (the “2013 credit facility”) $ 216,323 $ 190,000 3.50% Total long-term debt $ 597,939 $ 571,616 Less: Deferred loan issuance costs 3,321 3,806 Total long-term debt, net $ 594,618 $ 567,810 Less: Current portion of long-term debt 17,354 12,957 Add: Current portion of deferred loan issuance costs 984 1,035 Long-term debt, net $ 578,248 $ 555,888

Partners' Capital (Tables)

Partners' Capital (Tables)	6 Months Ended
	Jun. 30, 2016
Partners' Capital [Abstract]
Partnership Units	As of June 30, As of December 31, Common units 120,409,456 120,409,456 General partner units 2,439,989 2,439,989 Preferred units 12,983,333 12,983,333 Total partnership units 135,832,778 135,832,778
Distribution to unitholders	April 26, 2016 January 20, 2016 April 23, 2015 January 23, 2015 Common unit-holders Distributions per common unit declared 0.0750 0.2385 0.2345 0.2325 Common units entitled to distribution 120,409,456 120,409,456 119,559,456 104,079,960 General partner and IDR distributions $ 183 $ 582 $ 572 $ 494 Preferred unit-holders Distributions per preferred unit declared 0.21375 0.21975 0.21575 0.21375 Preferred units entitled to distribution 12,983,333 12,983,333 12,983,333 14,223,737

Omnibus Incentive Compensatio25

Omnibus Incentive Compensation Plan (Tables)	6 Months Ended
	Jun. 30, 2016
Omnibus Incentive Compensation Plan [Abstract]
Omnibus Incentive Compensation Plan	Employee equity compensation Non-Employee equity compensation Unvested Units Units Grant-date fair Units Award-date fair Unvested on January 1, 2016 240,000 $ 1,325 610,000 $ 3,367 Vested - - - - Unvested on June 30, 2016 240,000 $ 1,325 610,000 $ 3,367

Net Income Per Unit (Tables)

Net Income Per Unit (Tables)	6 Months Ended
	Jun. 30, 2016
Net Income Per Unit [Abstract]
Net Income Per Unit Basic and Diluted	BASIC and DILUTED For the six month periods Numerators 2016 2015 Partnership's net income $ 26,975 $ 26,260 Less: Preferred unit holders' interest in Partnership's net income 5,550 5,628 General Partner's interest in Partnership's net income 426 411 Partnership's net income allocable to unvested units 148 - Common unit holders' interest in Partnership's net income $ 20,851 $ 20,221 Denominators Weighted average number of common units outstanding, basic and diluted 119,559,456 110,427,242 Net income per common unit: Basic and diluted $ 0.17 $ 0.18

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies [Abstract]
Future minimum rental receipts	For the twelve month period ended June 30, Amount 2017 $216,748 2018 172,329 2019 128,099 2020 110,250 2021 63,730 Thereafter 194,561 Total $885,717

Basis of Presentation and Gen28

Basis of Presentation and General Information - Supplementary (Details)	6 Months Ended
	Jun. 30, 2016
Capital Product Partners L.P.
Subsidiary Of Limited Liability Company Or Limited Partnership
Date of Incorporation	Jan. 16, 2007

Basis of Presentation and Gen29

Basis of Presentation and General Information - Additional Information (Details)	Jun. 30, 2016
Property Plant And Equipment
Number of vessels	35
Suezmax Crude Oil Tankers
Property Plant And Equipment
Number of vessels	4
Medium Range Tankers
Property Plant And Equipment
Number of vessels	20
Post Panamax Container Carrier Vessels
Property Plant And Equipment
Number of vessels	10
Capesize Bulk Carrier
Property Plant And Equipment
Number of vessels	1

Transactions with Related Par30

Transactions with Related Parties - Unaudited Condensed Consolidated Balance Sheets (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets:
Advances for vessels under construction - related party	$ 0	$ 18,172
Total assets	0	18,172
Liabilities:
Due to related parties	13,767	22,154
Deferred revenue - current (e)	8,978	10,867
Advances for vessels under construction - related party (f)
Assets:
Advances for vessels under construction - related party	0	18,172
Manager - payments on behalf of the Partnership (a)
Liabilities:
Due to related parties	12,871	21,264
Management fee payable to CSM (b)
Liabilities:
Due to related parties	896	890
Capital Maritime And Trading Corp
Liabilities:
Deferred revenue - current (e)	1,437	4,253
Total liabilities	$ 15,204	$ 26,407

Transactions with Related Par31

Transactions with Related Parties - Unaudited Condensed Consolidated Statement of Comprehensive Income (Table) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Related Party Transaction
Revenues (c)	$ 19,203	$ 36,052
Voyage expenses	189	206
Vessel operating expenses	5,301	5,863
General and administrative expenses (d)	2,721	3,173
Capital Maritime And Trading Corp
Related Party Transaction
Revenues (c)	19,203	36,052
Voyage expenses	189	206
Vessel operating expenses	5,301	5,863
General and administrative expenses (d)	$ 511	$ 1,278

Transactions with Related Par32

Transactions with Related Parties - Charter Revenues (Table) (Details)	6 Months Ended
	Jun. 30, 2016
M/T Agisilaos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement or expected beginning of Charter	09/2014
Termination or earliest expected redelivery	09/2015
Gross Daily Hire Rate	$ 14.3
Net Daily Hire Rate	$ 14.1
M/T Agisilaos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement or expected beginning of Charter	09/2015
Termination or earliest expected redelivery	06/2016
Gross Daily Hire Rate	$ 14.5
Net Daily Hire Rate	$ 14.3
M/T Axios
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement or expected beginning of Charter	07/2014
Termination or earliest expected redelivery	06/2015
Gross Daily Hire Rate	$ 14.8
Net Daily Hire Rate	$ 14.6
M/T Arionas
Related Party Transaction
Time Charter (TC) in years	1.2 TC
Commencement or expected beginning of Charter	12/2014
Termination or earliest expected redelivery	01/2016
Gross Daily Hire Rate	$ 15
Net Daily Hire Rate	$ 14.8
M/T Amore Mio II
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement or expected beginning of Charter	12/2013
Termination or earliest expected redelivery	04/2015
Gross Daily Hire Rate	$ 17
Net Daily Hire Rate	$ 16.8
M/T Amore Mio II
Related Party Transaction
Time Charter (TC) in years	1 to 1.2 TC
Commencement or expected beginning of Charter	04/2015
Termination or earliest expected redelivery	09/2015
Gross Daily Hire Rate	$ 27
Net Daily Hire Rate	$ 26.7
M/T Avax
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement or expected beginning of Charter	09/2014
Termination or earliest expected redelivery	06/2015
Gross Daily Hire Rate	$ 14.8
Net Daily Hire Rate	$ 14.6
M/T Akeraios
Related Party Transaction
Time Charter (TC) in years	1.5 TC
Commencement or expected beginning of Charter	07/2013
Termination or earliest expected redelivery	03/2015
Gross Daily Hire Rate	$ 15
Net Daily Hire Rate	$ 14.8
M/T Akeraios
Related Party Transaction
Time Charter (TC) in years	2 TC
Commencement or expected beginning of Charter	03/2015
Termination or earliest expected redelivery	04/2016
Gross Daily Hire Rate	$ 15.6
Net Daily Hire Rate	$ 15.4
M/T Apostolos
Related Party Transaction
Time Charter (TC) in years	1.2 to 1.5 TC
Commencement or expected beginning of Charter	10/2013
Termination or earliest expected redelivery	04/2015
Gross Daily Hire Rate	$ 14.9
Net Daily Hire Rate	$ 14.7
M/T Apostolos
Related Party Transaction
Time Charter (TC) in years	2 TC
Commencement or expected beginning of Charter	04/2015
Termination or earliest expected redelivery	01/2016
Gross Daily Hire Rate	$ 15.6
Net Daily Hire Rate	$ 15.4
M/T Anemos I
Related Party Transaction
Time Charter (TC) in years	1.2 to 1.5 TC
Commencement or expected beginning of Charter	12/2013
Termination or earliest expected redelivery	06/2015
Gross Daily Hire Rate	$ 14.9
Net Daily Hire Rate	$ 14.7
M/T Anemos I
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement or expected beginning of Charter	06/2015
Termination or earliest expected redelivery	01/2016
Gross Daily Hire Rate	$ 17.3
Net Daily Hire Rate	$ 17
M/T Aristotelis
Related Party Transaction
Time Charter (TC) in years	1.5 to 2.0 TC
Commencement or expected beginning of Charter	12/2013
Termination or earliest expected redelivery	12/2015
Gross Daily Hire Rate	$ 17
Net Daily Hire Rate	$ 16.8
M/T Aristotelis
Related Party Transaction
Time Charter (TC) in years	1.1 to 1.3 TC
Commencement or expected beginning of Charter	12/2015
Termination or earliest expected redelivery	01/2017
Gross Daily Hire Rate	$ 19
Net Daily Hire Rate	$ 18.8
M/T Amoureux
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement or expected beginning of Charter	01/2014
Termination or earliest expected redelivery	04/2015
Gross Daily Hire Rate	$ 24
Net Daily Hire Rate	$ 23.7
M/T Aias
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement or expected beginning of Charter	12/2013
Termination or earliest expected redelivery	02/2015
Gross Daily Hire Rate	$ 24
Net Daily Hire Rate	$ 23.7
M/T Assos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement or expected beginning of Charter	06/2014
Termination or earliest expected redelivery	04/2015
Gross Daily Hire Rate	$ 14.8
Net Daily Hire Rate	$ 14.6
M/T Atrotos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement or expected beginning of Charter	05/2014
Termination or earliest expected redelivery	05/2015
Gross Daily Hire Rate	$ 14.8
Net Daily Hire Rate	$ 14.6
M/T Atrotos
Related Party Transaction
Time Charter (TC) in years	1 TC
Commencement or expected beginning of Charter	05/2015
Termination or earliest expected redelivery	12/2015
Gross Daily Hire Rate	$ 15.3
Net Daily Hire Rate	$ 15.1
M/T Ayrton II
Related Party Transaction
Time Charter (TC) in years	2 TC
Commencement or expected beginning of Charter	02/2016
Termination or earliest expected redelivery	01/2018
Gross Daily Hire Rate	$ 18
Net Daily Hire Rate	$ 17.8
M/T Miltiadis M II
Related Party Transaction
Time Charter (TC) in years	0.6 TC
Commencement or expected beginning of Charter	09/2015
Termination or earliest expected redelivery	05/2016
Gross Daily Hire Rate	$ 35
Net Daily Hire Rate	$ 34.6
M/T Active
Related Party Transaction
Time Charter (TC) in years	2 TC
Commencement or expected beginning of Charter	04/2015
Termination or earliest expected redelivery	06/2015
Gross Daily Hire Rate	$ 17
Net Daily Hire Rate	$ 16.8
M/T Amadeus
Related Party Transaction
Time Charter (TC) in years	2 TC
Commencement or expected beginning of Charter	06/2015
Termination or earliest expected redelivery	05/2017
Gross Daily Hire Rate	$ 17
Net Daily Hire Rate	$ 16.8

Transactions with Related Par33

Transactions with Related Parties - Additional Information (Details) $ in Thousands	5 Months Ended	6 Months Ended		8 Months Ended	12 Months Ended
	Jun. 09, 2011	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Aug. 31, 2014USD ($)	Dec. 31, 2015USD ($)	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Sep. 30, 2011
Related Party Transaction
Number of vessels		35
Advances for vessels under construction - related party		$ 0			$ 18,172
General and administrative expenses		2,721	$ 3,173
Executive services agreement with CGP
Related Party Transaction
General and administrative expenses		$ 844	810
Capital Ship Management Corp
Related Party Transaction
Sales and purchase fee		1.00%
Commercial service fee		1.25%
Additional fees related to unforeseen events		$ 99	$ 268
Capital Ship Management Corp | Floating fee management agreement
Related Party Transaction
Management agreement initial term, per managed vessel	5
Capital Ship Management Corp | Crude Carriers Corp. ("Crude") management agreement
Related Party Transaction
Number of vessels		3						5
Capital Product Partners LP Adjusted Fee Payable | Crude Carriers Corp. ("Crude") management agreement
Related Party Transaction
Management agreement termination fees						$ 9,858	$ 9,760
Master Agreement
Related Party Transaction
Number of vessels				5	1
Advances for vessels under construction - related party					$ 7,922
Excess between the fair value of the contracted vessels and the contractual cash consideration				$ 36,417	$ 10,250

Fixed Assets - Advances for ves

Fixed Assets - Advances for vessels under construction - related party (Table) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Property Plant And Equipment [Line Items]
Balance as at beginning of period	$ 18,172
Balance as at end of period	0
Related party
Property Plant And Equipment [Line Items]
Balance as at beginning of period	18,172
Transfer to vessels	(18,172)
Balance as at end of period	$ 0

Fixed assets - Vessels, net (Ta

Fixed assets - Vessels, net (Table) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Property Plant And Equipment
Balance as at beginning of period	$ 1,315,485
Balance as at end of period	1,369,854
Vessel Cost
Property Plant And Equipment
Balance as at beginning of period	1,653,727
Acquisition and improvements	70,675
Transfer from advances for vessels under construction - related party	18,172
Balance as at end of period	1,742,574
Accumulated depreciation
Property Plant And Equipment
Balance as at beginning of period	(338,242)
Depreciation for the period	(34,478)
Balance as at end of period	(372,720)
Net book value
Property Plant And Equipment
Balance as at beginning of period	1,315,485
Acquisition and improvements	70,675
Transfer from advances for vessels under construction - related party	18,172
Depreciation for the period	(34,478)
Balance as at end of period	$ 1,369,854

Fixed Assets - Additional Infor

Fixed Assets - Additional Information (Details) $ in Thousands	2 Months Ended	6 Months Ended	8 Months Ended	12 Months Ended
	Feb. 26, 2016USD ($)	Jun. 30, 2016USD ($)	Aug. 31, 2014USD ($)	Dec. 31, 2015USD ($)
Property Plant And Equipment
Number of vessels		35
Advances for vessels under construction - related party		$ 0		$ 18,172
Above market acquired charters acquisition		3,206
Master Agreement
Property Plant And Equipment
Number of vessels			5	1
Advances for vessels under construction - related party				$ 7,922
Excess between the fair value of the contracted vessels and the contractual cash consideration			$ 36,417	10,250
M/V CMA CGM Magdalena
Property Plant And Equipment
Cash consideration for acquisition of vessel	$ 81,500			81,500
Amount of available cash paid for acquisition of vessel	46,500
Fair value of vessels acquired	88,544
Above market acquired charters acquisition		3,206
Contracted price				$ 91,750
M/T Alkiviadis, M/T Anemos I, M/T Amore Mio II and M/T Miltiadis M II
Property Plant And Equipment
Vessel improvement costs capitalized		$ 303
2013 Credit Facility | M/V CMA CGM Magdalena
Property Plant And Equipment
Line of credit facility amount drawn down - Tranche B	$ 35,000

Above market acquired charter37

Above market acquired charters - Carrying Value (Table) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	$ 100,518
Acquisitions	3,206
Amortization	(7,060)	$ (7,631)
Carrying amount, end of period	96,664
M/V Cape Agamemnon
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	24,100
Amortization	(2,671)
Carrying amount, end of period	21,429
M/V Hyundai Premium
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	15,060
Amortization	(827)
Carrying amount, end of period	14,233
M/V Hyundai Paramount
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	15,189
Amortization	(828)
Carrying amount, end of period	14,361
M/V Hyundai Prestige
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	15,190
Amortization	(844)
Carrying amount, end of period	14,346
M/V Hyundai Privilege
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	15,471
Amortization	(834)
Carrying amount, end of period	14,637
M/V Hyundai Platinum
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	15,508
Amortization	(832)
Carrying amount, end of period	14,676
M/V CMA CGM Magdalena
Acquired Finite Lived Intangible Assets
Carrying amount, beginning of period	0
Acquisitions	3,206
Amortization	(224)
Carrying amount, end of period	$ 2,982

Above market acquired charter38

Above market acquired charters - Amortization Schedule (Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
For the twelve month period ended June 30,
2,017	$ 14,381
2,018	14,381
2,019	14,381
2,020	14,396
2,021	8,745
Thereafter	30,380
Total	96,664	$ 100,518
M/V Cape Agamemnon
For the twelve month period ended June 30,
2,017	5,357
2,018	5,357
2,019	5,357
2,020	5,358
2,021	0
Thereafter	0
Total	21,429	24,100
M/V Hyundai Premium
For the twelve month period ended June 30,
2,017	1,668
2,018	1,668
2,019	1,668
2,020	1,668
2,021	1,668
Thereafter	5,893
Total	14,233	15,060
M/V Hyundai Paramount
For the twelve month period ended June 30,
2,017	1,670
2,018	1,670
2,019	1,670
2,020	1,670
2,021	1,670
Thereafter	6,011
Total	14,361	15,189
M/V Hyundai Prestige
For the twelve month period ended June 30,
2,017	1,693
2,018	1,693
2,019	1,693
2,020	1,697
2,021	1,693
Thereafter	5,877
Total	14,346	15,190
M/V Hyundai Privilege
For the twelve month period ended June 30,
2,017	1,672
2,018	1,672
2,019	1,672
2,020	1,676
2,021	1,672
Thereafter	6,273
Total	14,637	15,471
M/V Hyundai Platinum
For the twelve month period ended June 30,
2,017	1,669
2,018	1,669
2,019	1,669
2,020	1,674
2,021	1,669
Thereafter	6,326
Total	14,676	15,508
M/V CMA CGM Magdalena
For the twelve month period ended June 30,
2,017	652
2,018	652
2,019	652
2,020	653
2,021	373
Thereafter	0
Total	$ 2,982	$ 0

Long Term Debt - Total Debt (Ta

Long Term Debt - Total Debt (Table) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument
Total long-term debt	$ 597,939	$ 571,616
Less: Deferred loan issuance costs	3,321	3,806
Total long-term debt, net	594,618	567,810
Less: Current portion of long-term debt	17,354	12,957
Add: Current portion of deferred loan issuance costs	984	1,035
Long-term debt, net	578,248	555,888
(i) Issued in April, 2007 maturing in December, 2019 - $370,000 credit facility (the "2007 credit facility")
Debt Instrument
Total long-term debt	$ 185,975	185,975
Margin	3.00%
(ii) Issued in March, 2008 maturing in December, 2019 - $350,000 credit facility (the "2008 credit facility")
Debt Instrument
Total long-term debt	$ 181,641	181,641
Margin	3.00%
(iii) Issued in June 2011 maturing in March 2018 - $25,000 credit facility - (the "2011 credit facility")
Debt Instrument
Total long-term debt	$ 14,000	14,000
Margin	3.25%
(iv) Issued in September 2013 maturing in December 2020 - (the "2013 credit facility")
Debt Instrument
Total long-term debt	$ 216,323	$ 190,000
Margin	3.50%

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($) $ in Thousands	2 Months Ended	6 Months Ended
	Feb. 23, 2016	Jun. 30, 2016	Jun. 30, 2015
Debt Instrument
Repayment amount		$ 8,677
Line of credit facility remaining borrowing capacity		0
Interest expense on long term debt		$ 11,055	$ 8,230
Weighted average interest rate		3.71%	3.34%
2013 Credit Facility | M/V CMA CGM Magdalena
Debt Instrument
Line of credit facility amount drawn down - Tranche B	$ 35,000

Long-Term Debt Covenants Descri

Long-Term Debt Covenants Description (Details)	6 Months Ended
	Jun. 30, 2016
Long-Term Debt [Abstract]
Debt Instrument Covenant Description	As of June 30, 2016 and December 31, 2015 the Partnership was in compliance with all financial debt covenants.

Financial Instruments (Details)

Financial Instruments (Details)	Jun. 30, 2016	Dec. 31, 2015
Account for more than 10% of the partnership's revenue
Number of customers	4	2

Partners' Capital - Partnership

Partners' Capital - Partnership Units (Table) (Details) - shares	Jun. 30, 2016	Dec. 31, 2015
Partners' Capital [Abstract]
Common units	120,409,456	120,409,456
General partner units	2,439,989	2,439,989
Preferred units	12,983,333	12,983,333
Total partnership units	135,832,778	135,832,778

Partners' Capital - Distributio

Partners' Capital - Distributions to Unitholders (Table) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended	9 Months Ended
	Jan. 23, 2015	Apr. 26, 2016	Apr. 23, 2015	Jun. 30, 2016	Jan. 20, 2016	Dec. 31, 2015
Common units entitled to distribution				120,409,456		120,409,456
Preferred units entitled to distribution				12,983,333		12,983,333
Common unit-holders
Distributions per unit declared	$ 0.2325	$ 0.075	$ 0.2345	$ 0.075	$ 0.2385
Common units entitled to distribution	104,079,960	120,409,456	119,559,456		120,409,456
General partner and IDR distributions	$ 494	$ 183	$ 572		$ 582
Preferred unit-holders
Distributions per unit declared	$ 0.21375	$ 0.21375	$ 0.21575	$ 0.21375	$ 0.21975
Preferred units entitled to distribution	14,223,737	12,983,333	12,983,333		12,983,333

Partners' Capital - Additional

Partners' Capital - Additional Information (Details) - shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Class B Convertible Preferred Units
Business Acquisition
Number of Class B convertible preferred units converted to common units	0	1,240,404
CMTC
Business Acquisition
Common Units converted to General Partner Units	0	315,908
Interest of CGP in the partnership	2.00%	2.00%

Omnibus Incentive Compensatio46

Omnibus Incentive Compensation Plan (Table) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)shares
Units
Unvested, end of period	$ 2,584
Employee equity compensation
Units
Unvested, beginning of period | shares	240,000
Vested | shares	0
Unvested, end of period | shares	240,000
Unvested, beginning of period	$ 1,325
Vested	0
Unvested, end of period	$ 1,325
Non-Employee equity compensation
Units
Unvested, beginning of period | shares	610,000
Vested | shares	0
Unvested, end of period | shares	610,000
Unvested, beginning of period	$ 3,367
Vested	0
Unvested, end of period	$ 3,367

Omnibus Incentive Compensatio47

Omnibus Incentive Compensation Plan (Details) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 23, 2015shares	Dec. 31, 2015USD ($)	Aug. 21, 2014shares	Jul. 22, 2010shares	Apr. 29, 2008shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation	$ 525	$ 0
Total compensation cost related to non vested awards	$ 2,584
Expected period of recognition for unrecognized compensation cost	2 years 6 months
Value of unvested units accrued distribution	$ 266
Partnerships Omnibus Incentive Compensation Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units / Shares authorized | shares					1,650,000	800,000	500,000
Partnerships Omnibus Incentive Compensation Plan Employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units granted | shares			240,000
Number of annual installments			3
Partnerships Omnibus Incentive Compensation Plan Non-Employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units granted | shares			610,000
Vesting date of remaining awards			December 31, 2018
Employee equity compensation
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation	219	0
Total compensation cost related to non vested awards	1,325			$ 1,325
Non-Employee equity compensation
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation	306	$ 0
Total compensation cost related to non vested awards	$ 3,367			$ 3,367

Net Income Per Unit (Table) (De

Net Income Per Unit (Table) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Net Income Per Unit [Abstract]
Partnership's net income	$ 26,975	$ 26,260
Less:
Preferred unit holders' interest in Partnership's net income	5,550	5,628
General Partner's interest in Partnership's net income	426	411
Partnership's net income allocable to unvested units	148	0
Common unit holders' interest in Partnership's net income	$ 20,851	$ 20,221
Denominators
Weighted average number of common units outstanding, basic and diluted	119,559,456	110,427,242
Net income per common unit:
Basic and diluted	$ 0.17	$ 0.18

Net Income Per Unit (Details)

Net Income Per Unit (Details) - shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Non-vested units awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive convertible preferred units	850,000
Class B Convertible Preferred Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive convertible preferred units	12,983,333	12,983,333

Commitments and Contingencies -

Commitments and Contingencies - Future Minimum Charter Hire Receipts (Table) (Details) $ in Thousands	Jun. 30, 2016USD ($)
Commitments and Contingencies [Abstract]
2,017	$ 216,748
2,018	172,329
2,019	128,099
2,020	110,250
2,021	63,730
Thereafter	194,561
Total	$ 885,717

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended			9 Months Ended
	Jan. 23, 2015$ / shares	Apr. 26, 2016$ / shares	Apr. 23, 2015$ / shares	Jul. 15, 2016USD ($)	Jul. 14, 2016	Jun. 30, 2016$ / shares	Jan. 20, 2016$ / shares
Subsequent Event [Line Items]
Number of vessels						35
Common unit-holders
Subsequent Event [Line Items]
Dividends Payable, Date Declared						Jul. 21, 2016
Dividend declared	$ 0.2325	$ 0.075	$ 0.2345			$ 0.075	$ 0.2385
Dividends Payable, Date to be Paid						Aug. 12, 2016
Dividends Payable, Date of Record						Aug. 5, 2016
Preferred unit-holders
Subsequent Event [Line Items]
Dividends Payable, Date Declared						Jul. 21, 2016
Dividend declared	$ 0.21375	$ 0.21375	$ 0.21575			$ 0.21375	$ 0.21975
Dividends Paid, Date were paid						Aug. 10, 2016
Dividends Payable, Date of Record						Aug. 3, 2016
The "HMM' Vessels | Hyundai Merchant Marine Co. Ltd "HMM"
Subsequent Event [Line Items]
Number of vessels						5
Time charter expiration						2024 and 2025
Subsequent event | The "HMM' Vessels | Hyundai Merchant Marine Co. Ltd "HMM"
Subsequent Event [Line Items]
Gross Daily Hire Rate					29.4
Subsequent event | The ''Charter Reduction Period" | The "HMM' Vessels | Hyundai Merchant Marine Co. Ltd "HMM"
Subsequent Event [Line Items]
Percentage of decrease of charter rate				20.00%
Gross Daily Hire Rate				23.5
Time Charter Years				3.5 years
Commencement of Charter				July 2,016
Time charter expiration				December 2,019
Amount of charter rate reduction | $				$ 37,000
Subsequent event | After the "Charter Reduction Period" | The "HMM' Vessels | Hyundai Merchant Marine Co. Ltd "HMM"
Subsequent Event [Line Items]
Gross Daily Hire Rate				29.4