Navios Maritime Partners (NMM) 20-F 13 Mar 17 2016 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2016shares
Document Information [Line Items]
Entity Registrant Name	Navios Maritime Partners L.P.
Trading Symbol	NMM
Entity Central Index Key	1,415,921
Document Type	20-F
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Common Unitholders
Document Information [Line Items]
Entity Common Stock Shares Outstanding	83,323,911
General Partner Units
Document Information [Line Items]
Entity Common Stock Shares Outstanding	1,700,493

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 17,360	$ 26,750
Restricted cash	7,728	7,789
Accounts receivable, net	10,022	3,999
Amounts due from related parties	19,639	0
Prepaid expenses and other current assets	1,600	1,297
Total current assets	56,349	39,835
Vessels, net	1,037,206	1,230,049
Vessel held for sale	125,000	0
Deferred drydock and special survey costs, net and other long-term assets	21,282	22,232
Investment in affiliates	1,257	1,315
Loans receivable from affiliates	2,422	1,521
Intangible assets	18,952	55,339
Notes receivable	6,112	0
Total non-current assets	1,212,231	1,310,456
Total assets	1,268,580	1,350,291
Current liabilities
Accounts payable	3,276	2,706
Accrued expenses	4,445	2,516
Deferred revenue	17,198	4,290
Current portion of long-term debt, net	74,031	23,336
Amounts due to related parties	0	8,680
Total current liabilities	98,950	41,528
Long-term debt, net	449,745	574,742
Amounts due to related parties	11,105	0
Deferred revenue	28,571	1,806
Total non-current liabilities	489,421	576,548
Total liabilities	588,371	618,076
Commitments and contingencies
Partners' capital:
Common Unitholders (83,323,911 and 83,079,710 units issued and outstanding at December 31, 2016 and December 31, 2015, respectively)	677,081	728,046
General Partner (1,700,493 and 1,695,509 units issued and outstanding at December 31, 2016 and December 31, 2015, respectively)	3,128	4,169
Total partners' capital	680,209	732,215
Total liabilities and partners' capital	$ 1,268,580	$ 1,350,291

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - shares	Dec. 31, 2016	Dec. 31, 2015
CONSOLIDATED BALANCE SHEETS [Abstract]
Common units issued	83,323,911	83,079,710
Common units outstanding	83,323,911	83,079,710
General Partners, units issued	1,700,493	1,695,509
General Partners, units outstanding	1,700,493	1,695,509

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CONSOLIDATED STATEMENTS OF INCOME [Abstract]
Time charter and voyage revenues (includes related party revenue of $1,939, $38,809 and $27,444 for the years ended December 31, 2016, 2015 and 2014, respectively)	$ 190,524	$ 223,676	$ 227,356
Time charter and voyage expenses	(5,673)	(7,199)	(15,390)
Direct vessel expenses	(6,381)	(4,043)	(761)
Management fees (entirely through related parties transactions)	(59,209)	(56,504)	(50,359)
General and administrative expenses	(12,351)	(7,931)	(7,839)
Depreciation and amortization	(92,370)	(75,933)	(95,822)
Vessel impairment losses	(27,201)	0	0
Loss on sale of securities	(19,435)	0	0
Interest expense and finance cost, net	(31,247)	(31,720)	(28,761)
Interest income	541	222	243
Other income	14,523	5,232	47,935
Other expense	(4,270)	(3,995)	(1,749)
Net (loss)/ income	$ (52,549)	$ 41,805	$ 74,853
Earnings per unit:
Common unit (basic and diluted)	$ (0.62)	$ 0.48	$ 0.93

Consolidated Statements of Inc5

Consolidated Statements of Income (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CONSOLIDATED STATEMENTS OF INCOME [Abstract]
Revenue from related parties	$ 1,939	$ 38,809	$ 27,444

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
OPERATING ACTIVITIES
Net (loss)/ income	$ (52,549)	$ 41,805	$ 74,853
Adjustments to reconcile net (loss)/ income to net cash provided by operating activities:
Depreciation and amortization	92,370	75,933	95,822
Vessel impairment losses	27,201	0	0
Loss on sale of securities	19,435	0	0
Gain on debt repayment	(2,140)	0	0
Non cash accrued interest income and amortization of deferred revenue	(5,717)	0	0
Amortization and write-off of deferred financing cost and discount	4,003	3,727	3,091
Amortization of deferred drydock and special survey costs	6,381	4,043	761
Equity in earnings of affiliates	59	(94)	0
Equity compensation expense	93	0	0
Changes in operating assets and liabilities:
Net (increase)/ decrease in restricted cash	(5,286)	(426)	223
(Increase)/ decrease in accounts receivable	(6,023)	9,279	3,020
(Increase)/ decrease in prepaid expenses and other current assets	(303)	173	193
Decrease/(increase) in other long-term assets	61	20	(9)
Increase/ (decrease) in accounts payable	570	(1,118)	653
Increase/ (decrease) in accrued expenses	1,929	(1,107)	(253)
(Decrease)/increase in deferred revenue	(1,000)	1,786	1,313
Increase in amounts due to related parties	3,025	6,800	1,423
Increase in amounts due from related parties	(20,089)	0	0
Payments for dry dock and special survey costs	(5,493)	(17,545)	(9,429)
Net cash provided by operating activities	56,527	123,276	171,661
INVESTING ACTIVITIES:
Acquisition of vessels	(15,341)	(147,830)	(156,221)
Deposits for acquisition of vessels, net of transfers to vessel acquisitions	0	0	(10)
Investment in affiliates	0	(700)	0
Loans receivable from affiliates	(450)	(771)	(470)
Release of restricted cash for vessel acquisitions	0	0	33,429
Proceeds from sale of securities	20,842	0	0
Net cash provided by / (used in) investing activities	5,051	(149,301)	(123,272)
FINANCING ACTIVITIES:
Cash distributions paid	0	(132,306)	(138,994)
Net proceeds from issuance of general partner units	10	1,528	2,233
Proceeds from issuance of common units, net of offering costs	440	72,090	104,499
Proceeds from long-term debt	29,000	79,819	56,000
Net decrease/ (increase) in restricted cash	5,347	(6,409)	0
Repayment of long-term debt and payment of principal	(104,624)	(60,696)	(7,060)
Deferred financing cost	(1,141)	(746)	(918)
Net cash (used in)/provided by financing activities	(70,968)	(46,720)	15,760
Increase/ (decrease) in cash and cash equivalents	(9,390)	(72,745)	64,149
Cash and cash equivalents, beginning of period	26,750	99,495	35,346
Cash and cash equivalents, end of period	17,360	26,750	99,495
Supplemental disclosures of cash flow information
Cash interest paid	26,694	26,787	25,870
Non cash financing activities
Due to related parties	0	0	253
Acquisition of vessels	0	0	(253)
Equity compensation expense	93	0	0
Non cash investing activities
Notes receivable	6,112	0	0
Accrued interest on loan receivable from affiliates	$ 238	$ 0	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Partners' Capital - USD ($) $ in Thousands	Total	General Partner	Common Unitholders
Balance at Dec. 31, 2013	$ 706,507	$ 4,029	$ 702,478
Balance, Units at Dec. 31, 2013		1,449,681	71,034,163
Cash distribution paid	(138,994)	$ (4,867)	$ (134,127)
Proceeds from issuance of common units, net of offering costs (see note 13)	104,499		$ 104,499
Proceeds from issuance of common units, net of offering costs, Units (see note 13)			6,325,000
Net proceeds from issuance of general partner units (see note 13)	2,233	$ 2,233
Net proceeds from issuance of general partner units (see note 13)		129,082
Net income/ (loss)	74,853	$ 3,628	$ 71,225
Balance at Dec. 31, 2014	749,098	$ 5,023	$ 744,075
Balance, Units at Dec. 31, 2014		1,578,763	77,359,163
Cash distribution paid	(132,306)	$ (4,362)	$ (127,944)
Proceeds from issuance of common units, net of offering costs (see note 13)	72,090		$ 72,090
Proceeds from issuance of common units, net of offering costs, Units (see note 13)			5,720,547
Net proceeds from issuance of general partner units (see note 13)	1,528	$ 1,528
Net proceeds from issuance of general partner units (see note 13)		116,746
Net income/ (loss)	41,805	$ 1,980	$ 39,825
Balance at Dec. 31, 2015	732,215	$ 4,169	$ 728,046
Balance, Units at Dec. 31, 2015		1,695,509	83,079,710
Equity compensation expense	93		$ 93
Proceeds from public public offering of common units, net of offering costs) value	440		$ 440
Proceeds from public public offering of common units, net of offering costs) units			244,201
Net proceeds from issuance of general partner units (see note 13)	10	$ 10
Net proceeds from issuance of general partner units (see note 13)		4,984
Net income/ (loss)	(52,549)	$ (1,051)	$ (51,498)
Balance at Dec. 31, 2016	$ 680,209	$ 3,128	$ 677,081
Balance, Units at Dec. 31, 2016		1,700,493	83,323,911

Description of Business

Description of Business	12 Months Ended
	Dec. 31, 2016
DESCRIPTION OF BUSINESS [Abstract]
Description of Business	NOTE 1 - DESCRIPTION OF BUSINESS Navios Maritime Partners L.P. (“Navios Partners” or the “Company”), is an international owner and operator of dry cargo and container vessels, formed on August 7, 2007 under the laws of the Republic of the Marshall Islands. Navios GP L.L.C. (the “General Partner”), a wholly owned subsidiary of Navios Maritime Holdings Inc. (“Navios Holdings”), was also formed on that date to act as the general partner of Navios Partners and received a 2.0% general partner interest in Navios Partners. Navios Partners is engaged in the seaborne transportation services of a wide range of dry cargo commodities including iron ore, coal, grain, fertilizer and also containers, chartering its vessels under medium to long-term charters. The operations of Navios Partners are managed by Navios ShipManagement Inc., a subsidiary of Navios Holdings (the “Manager”), from its offices in Piraeus, Greece, Singapore and Monaco. Pursuant to the initial public offering (“IPO”) on November 16, 2007, Navios Partners entered into the following agreements: (a) a management agreement with the Manager (the “Management Agreement”), pursuant to which the Manager provides Navios Partners commercial and technical management services; (b) an administrative services agreement with the Manager (the “Administrative Services Agreement”), pursuant to which the Manager provides Navios Partners administrative services; and (c) an omnibus agreement with Navios Holdings (the “Omnibus Agreement”), governing, among other things, when Navios Partners and Navios Holdings may compete against each other as well as rights of first offer on certain drybulk carriers. As of December 31, 2016, there were outstanding: 83,323,911 common units and 1,700,493 general partnership units. As of December 31, 2016, Navios Holdings owned a 20.0% interest in Navios Partners, which included a 2.0% general partner interest.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of presentation: (b) Principles of consolidation: Navios Partners also consolidates entities that are determined to be variable interest entities as defined in the accounting guidance, if it determines that it is the primary beneficiary. A variable interest entity is defined as a legal entity where either (a) equity interest holders as a group lack the characteristics of a controlling financial interest, including decision making ability and an interest in the entity's residual risks and rewards, (b) the equity holders have not provided sufficient equity investment to permit the entity to finance its activities without additional subordinated financial support, or (c) the voting rights of some investors are not proportional to their obligations to absorb the expected losses of the entity, their rights to receive the expected residual returns of the entity, or both and substantially all of the entity's activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights. Based on internal forecasts and projections that take into account reasonably possible changes in our 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 consolidated financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing its financial statements. Subsidiaries: The accompanying consolidated financial statements include the following entities, owned and chartered-in vessels: Country of incorporation Statements of operations Company name Vessel name 2016 2015 2014 Libra Shipping Enterprises Corporation Navios Libra II Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Alegria Shipping Corporation Navios Alegria Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Felicity Shipping Corporation Navios Felicity Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Gemini Shipping Corporation Navios Gemini S Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Galaxy Shipping Corporation Navios Galaxy I Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Aurora Shipping Enterprises Ltd. Navios Hope Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Palermo Shipping S.A. Navios Apollon Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Fantastiks Shipping Corporation Navios Fantastiks Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Sagittarius Shipping Corporation Navios Sagittarius Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Hyperion Enterprises Inc. Navios Hyperion Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Chilali Corp. Navios Aurora II Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Surf Maritime Co. Navios Pollux Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Pandora Marine Inc. Navios Melodia Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Customized Development S.A. Navios Fulvia Liberia 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Kohylia Shipmanagement S.A. Navios Luz Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Orbiter Shipping Corp. Navios Orbiter Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Floral Marine Ltd. Navios Buena Ventura Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Golem Navigation Limited Navios Soleil Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Kymata Shipping Co. Navios Helios Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Joy Shipping Corporation Navios Joy Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Micaela Shipping Corporation Navios Harmony Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Pearl Shipping Corporation Navios Sun Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/18 - 12/31 Velvet Shipping Corporation Navios La Paix Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/07 - 12/31 Perigiali Navigation Limited(***) Navios Beaufiks Marshall Is. 12/30 - 12/31 — — Rubina Shipping Corporation Hyundai Hongkong Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Topaz Shipping Corporation Hyundai Singapore Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Beryl Shipping Corporation Hyundai Tokyo Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Cheryl Shipping Corporation Hyundai Shanghai Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Christal Shipping Corporation Hyundai Busan Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Fairy Shipping Corporation YM Utmost Marshall Is. 1/01 - 12/31 1/01 - 12/31 8/29 - 12/31 Limestone Shipping Corporation YM Unity Marshall Is. 1/01 - 12/31 1/01 - 12/31 10/28 -12/31 Dune Shipping Corp. (**) MSC Cristina Marshall Is. 1/01 - 12/31 4/22 - 12/31 — Citrine Shipping Corporation — Marshall Is. — — — Chartered-in vessels Prosperity Shipping Corporation Navios Prosperity Marshall Is. — 1/01 - 03/05 1/01 - 12/31 Aldebaran Shipping Corporation Navios Aldebaran Marshall Is. — 1/01 - 02/28 1/01 - 12/31 Other JTC Shipping and Trading Ltd (*) Holding Company Malta 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Navios Maritime Partners L.P. N/A Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Navios Maritime Operating LLC N/A Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Navios Partners Finance (US) Inc. Co-Borrower Delaware 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Navios Partners Europe Finance Inc. Sub-Holding Company Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 (*) Not a vessel-owning subsidiary and only holds right to charter-in contracts. (**) The vessel has been classified as held for sale and was sold on January 12, 2017 (see Note 23). (***) The vessel was acquired on December 30, 2016 (see Note 6). (c) Equity method investments: Navios Partners evaluates its investments with equity method, for other than temporary impairment, on a quarterly basis. Consideration is given to (1) the length of time and the extent to which the fair value has been less than the carrying value, (2) the financial condition and near-term prospects and (3) the intent and ability of the Company to retain its investments for a period of time sufficient to allow for any anticipated recovery in fair value. (d) Use of Estimates: (e) Cash and Cash equivalents: (f) Restricted Cash (g) Accounts Receivable, net: (h) Vessels, net: Depreciation is computed using the straight line method over the useful life of the vessels, after considering the estimated residual value. Management estimates the residual values of our drybulk vessels based on a scrap value cost of steel times the weight of the ship noted in lightweight ton (LWT). Residual values are periodically reviewed and revised to recognize changes in conditions, new regulations or other reasons. Revisions of residual values affect the depreciable amount of the vessels and affects depreciation expense in the period of the revision and future periods. The management after considering current market trends for scrap rates and 10-year average historical scrap rates of the residual values of the Company's vessels, estimates scrap value at a rate of $340 per LWT. Management estimates the useful life of drybulk and container vessels to be 25 and 30 years, respectively, from the vessel's original construction. However, when regulations place limitations over the ability of a vessel to trade on a worldwide basis, its useful life is re-estimated to end at the date such regulations become effective. (i) Vessel held for sale: Vessels are classified as “Vessel held for sale” when all of the following criteria are met: management has committed to a plan to sell the vessel; the vessel is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of vessels; an active program to locate a buyer and other actions required to complete the plan to sell the vessel have been initiated; the sale of the vessel is probable and transfer of the vessel is expected to qualify for recognition as a completed sale within one year; the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Vessels classified as held for sale are measured at the lower of their carrying amount or fair value less cost to sell. These vessels are not depreciated once they meet the criteria to be held for sale. (j) Deferred Drydock and Special Survey costs: Costs capitalized as part of the drydocking or special survey consist principally of the actual costs incurred at the yard and expenses relating to spare parts, paints, lubricants and services incurred solely during the drydocking or special survey period. For the years ended December 31, 2016, 2015 and 2014, the amortization expense was $6,381, $4,043 and $761, respectively. In each of October 2013, August 2014, February 2015 and February 2016, Navios Partners amended its existing Management Agreement with the Manager, a subsidiary of Navios Holdings, to fix the fees for ship management services of its owned fleet at: (a) $4.10 daily rate per Ultra-Handymax vessel; (b) $4.20 daily rate per Panamax vessel; (c) $5.25 daily rate per Capesize vessel; (d) $6.70 daily rate per Container vessel of TEU 6,800; (e) $7.40 daily rate per Container vessel of more than TEU 8,000; and (f) $8.75 daily rate per very large Container vessel of more than TEU 13,000 through December 31, 2017. Drydocking expenses under this agreement are reimbursed by Navios Partners at cost at occurrence. Effective from August 31, 2016, Navios Partners could, upon request to Navios Holdings, partially or fully defer the reimbursement of dry docking and other extraordinary fees and expenses under the Management Agreement to a later date, but not later than January 5, 2018, and if reimbursed on a later date, such amounts would bear interest at a rate of 1% per annum over LIBOR. (k) Impairment of long lived assets: Undiscounted projected net operating cash flows are determined for each vessel and compared to the vessel carrying value of the vessel and related carrying value of the intangible with respect to the time charter agreement attached to that vessel. Within the shipping industry, vessels are customarily bought and sold with a charter attached. The value of the charter may be favorable or unfavorable when comparing the charter rate to then current market rates. The loss recognized either on impairment (or on disposition) will reflect the excess of carrying value over fair value (selling price) for the vessel asset group. During the fourth quarter of fiscal 2016, management concluded that events occurred and circumstances had changed, which indicated that potential impairment of Navios Partners' long-lived assets may exist. These indicators included continued deterioration in the spot market, and the related impact of the current drybulk and container sector has on management's expectation for future revenues. As a result, an impairment assessment of long-lived assets was performed. Navios Partners determined undiscounted projected net operating cash flows for each vessel and compared it to the vessel's carrying value together with the carrying value of deferred drydock and special survey costs related to the vessel and the carrying value of the related intangible assets, if applicable. The significant factors and assumptions used in the undiscounted projected net operating cash flow analysis included: determining the projected net operating cash flows by considering the charter revenues from existing time charters for the fixed fleet days (Navios Partners' remaining charter agreement rates) and an estimated daily time charter equivalent for the unfixed days (based on a combination of one-year average historical time charter rates for the first year and 10-year average historical one-year time charter rates for the remaining period, adjusted for outliers) over the remaining economic life of each vessel, net of brokerage and address commissions and excluding days of scheduled off-hires, management fees fixed until December 2017 and thereafter assuming an increase of 3.0% every second year and utilization rate of 98.6% based on the fleet's historical performance. The assessment concluded that step two of the impairment analysis was not required and no impairment of vessels and the intangible assets existed as of December 31, 2016, as the undiscounted projected net operating cash flows exceeded the carrying value. In the event that impairment would occur, the fair value of the related asset would be determined and an impairment charge would be recorded to operations calculated by comparing the asset's carrying value to its fair value. Fair value is estimated primarily through the use of third-party valuations performed on an individual vessel basis. Although management believes the underlying assumptions supporting this assessment are reasonable, if charter rate trends and the length of the current market downturn, vary significantly from our forecasts, management may be required to perform step two of the impairment analysis in the future that could expose Navios Partners to material impairment charges in the future. As of December 31, 2016, an impairment loss of $27,201 was recognized in connection with the committed sale of the MSC Cristina and the Navios Apollon as the carrying amount of each asset group was not recoverable and exceeded its fair less costs to sell (see note 6 and note 7). The impairment loss was included under "Vessel impairment losses" in the consolidated Statements of Operations. Impairment loss recognized amounted to $27,201, $0 and $0 for the years ended December 31, 2016, 2015 and 2014, respectively. (l) Investments in Debt Securities: The Company classifies its debt securities as held-to-maturity based on management's positive intent and ability to hold to maturity. These securities are reported at amortized cost, subject to impairment. Management evaluates securities for other than temporary impairment on a quarterly basis. An investment is considered impaired if the fair value of the investment is less than its amortized cost. Consideration is given to: 1) if the Company intends to sell the security (that is, it has decided to sell the security); 2) it is more likely than not that the Company will be required to sell the security before the recovery of its (entire) amortized cost basis; or 3) a credit loss exists (that is, the Company does not expect to recover the entire amortized cost basis of the security (the present value of cash flows expected to be collected is less than the amortized cost basis of the security). (m) Deferred financing cost: (n) Intangible assets and liabilities: The amortizable value of favorable and unfavorable leases is amortized over the remaining life of the lease term and the amortization expense is included in the statement of operations in the depreciation and amortization line item. The amortizable value of favorable leases would be considered impaired if their fair market values could not be recovered from the future undiscounted cash flows associated with the asset. Management, after considering various indicators, performed on impairment test which included intangible assets as described in paragraph (k) above. As of December 31, 2016, there was no impairment of intangible assets. (o) Foreign currency translation: (p) Provisions: (q) Segment Reporting: (r) Revenue and Expense Recognition: Revenue Recognition: Voyage revenues for the transportation of cargo are recognized ratably over the estimated relative transit time of each voyage. Voyage expenses are recognized as incurred. A voyage is deemed to commence when a vessel is available for loading and is deemed to end upon the completion of the discharge of the current cargo. Estimated losses on voyages are provided for in full at the time such losses become evident. Under a voyage charter, a vessel is provided for the transportation of specific goods between specific ports in return for payment of an agreed upon freight per ton of cargo. Revenues from time chartering of vessels are accounted for as operating leases and are thus recognized on a straight line basis as the average minimum lease revenue over the rental periods of such charter agreements, as service is performed. A time charter involves placing a vessel at the charterers' disposal for a period of time during which the charterer uses the vessel in return for the payment of a specified daily hire rate. Under time charters, operating costs such as for crews, maintenance and insurance are typically paid by the owner of the vessel. Profit-sharing revenues are calculated at an agreed percentage of the excess of the charterer's average daily income over an agreed amount and accounted for on an accrual basis based on provisional amounts and for those contracts that provisional accruals cannot be made due to the nature of the profit share elements, these are accounted for on the actual cash settlement. Profit sharing for the years ended December 31, 2016, 2015 and 2014 amounted to $(9,123), $(2,559) and $205, respectively. Revenues are recorded net of address commissions. Address commissions represent a discount provided directly to the charterers based on a fixed percentage of the agreed upon charter or freight rate. Since address commissions represent a discount (sales incentive) on services rendered by the Company and no identifiable benefit is received in exchange for the consideration provided to the charterer, these commissions are presented as a reduction of revenue. For vessels operating in pooling arrangements, the Company earns a portion of total revenues generated by the pool, net of expenses incurred by the pool. The amount allocated to each pool participant vessel, including the Company's vessels, is determined in accordance with an agreed-upon formula, which is determined by points awarded to each vessel in the pool based on the vessel's age, design and other performance characteristics. Revenue under pooling arrangements is accounted for on the accrual basis and is recognized when an agreement with the pool exists, price is fixed, service is provided and the collectability is reasonably assured. Revenue for vessels operating in pooling arrangements amounted to $3,949, $0 and $0, for the years ended December 31, 2016, 2015 and 2014, respectively. The allocation of such net revenue may be subject to future adjustments by the pool however, such changes are not expected to be material. Time charter and voyage expenses: Direct vessel expenses: Direct vessel expenses comprise the amortization related to drydock and special survey costs of certain vessels of Navios Partners' fleet. Management fees: General and administrative expenses: Deferred revenue: Prepaid voyage costs: Inventory: (s) Financial Instruments: Financial risk management: Credit risk: Financial instruments that potentially subject Navios Partners to concentrations of credit risk are accounts receivable and cash and cash equivalents. Navios Partners does not believe its exposure to credit risk is likely to have a material adverse effect on its financial position, results of operations or cash flows. For the year ended December 31, 2016, our most significant counterparties representing 10% or more of total revenues were Hyundai Merchant Marine Co., Ltd., Yang Ming Marine Transport Corporation and Mediterranean Shipping Co. S.A. which accounted for approximately 29.6%, 13.0% and 11.6%, respectively, of total revenues. For the year ended December 31, 2015, Navios Partners' customers representing 10% or more of total revenues were Hyundai Merchant Marine Co., Ltd., Navios Corporation and Yang Ming Marine Transport Corporation, which accounted for 24.0%, 17.4% and 11.4%, respectively, of total revenues. For the year ended December 31, 2014, Navios Partners' customers representing 10% or more of total revenues were Hyundai Merchant Marine Co., Ltd and Navios Corporation, which accounted for 24.4% and 11.0%, respectively, of total revenues. No other customers accounted for 10% or more of total revenues for any of the years presented. Foreign exchange risk: (t) Cash Distribution: Available Cash: • less the amount of cash reserves established by the board of directors to: • provide for the proper conduct of the business (including reserve for Maintenance and Replacement Capital Expenditures) • comply with applicable law, any of Navios Partners' debt instruments, or other agreements; or • provide funds for distributions to the unitholders and to the general partner for any one or more of the next four quarters; • plus all cash on hand on the date of determination of Available Cash for the quarter resulting from working capital borrowings made after the end of the quarter. Working capital borrowings are generally borrowings that are made under any revolving credit or similar agreement used solely for working capital purposes or to pay distributions to partners. Available Cash is a quantitative measure used in the publicly traded partnership investment community to assist in evaluating a partnership's ability to make quarterly cash distributions. Available Cash is not required by US GAAP and should not be considered as an alternative to net income or any other indicator of Navios Partners' performance required by US GAAP. Maintenance and Replacement Capital Expenditures: (u) Equity compensation expense: Recent Accounting Pronouncements In January 2017, FASB issued Accounting Standard Update No. 2017-01, “Business Combinations” to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisition (or disposals) of assets or businesses. Under current implementation guidance the existence of an integrated set of acquired activities (inputs and processes that generate outputs) constitutes an acquisition of business. This ASU provides a screen to determine when a set of assets and activities does not constitute a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. This update is effective for public entities with reporting periods beginning after December 15, 2017, including interim periods within those years. The amendments of this ASU should be applied prospectively on or after the effective date. Early adoption is permitted, including adoption in an interim period 1) for transactions for which the acquisition date occurs before the issuance date or effective date of the ASU, only when the transaction has not been reported in financial statements that have been issued or made available for issuance and 2) for transactions in which a subsidiary is deconsolidated or a group of assets is derecognized that occur before the issuance date or effective date of the amendments, only when the transaction has not been reported in financial statements that have been issued or made available for issuance. The Company is currently assessing the impact that adopting this new accounting guidance will have on its consolidated financial statements. In January 2017, FASB issued Accounting Standard Update No. 2017-03 "Accounting Changes and Error Corrections (Topic 250) and Investments-Equity Method and Joint Ventures (Topic 323)." The ASU amends the Codification for SEC staff announcements made at recent Emerging Issues Task Force (EITF) meetings. The SEC guidance that specifically relates to our Consolidate Financial Statement was from the September 2016 meeting, where the SEC staff expressed their expectations about the extent of disclosures registrants should make about the effects of the new FASB guidance as well as any amendments issued prior to adoption, on revenue (ASU 2014-09), leases (ASU 2016-02) and credit losses on financial instruments (ASU 2016-13) in accordance with SAB Topic 11.M. Registrants are required to disclose the effect that recently issued accounting standards will have on their financial statements when adopted in a future period. In cases where a registrant cannot reasonably estimate the impact of the adoption, then additional qualitative disclosures should be considered. The ASU incorporates these SEC staff views into ASC 250 and adds references to that guidance in the transition paragraphs of each of the three new standards. The adoption of this new accounting guidance did not have a material effect on the Company's Consolidated Financial Statements. In November 2016, FASB issued Accounting Standards Update No. 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash”. This update addresses the classification and presentation of changes in restricted cash on the statement of cash flows under Topic 230, Statement of Cash Flows. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for all entities. The Company is currently assessing the impact that adopting this new accounting guidance will have on its consolidated financial statements. In August 2016, FASB issued Accounting Standards Update No. 2016-15, “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments”. This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for all entities. The Company is currently assessing the impact that adopting this new accounting guidance will have on its consolidated financial statements. In March 2016, FASB issued Accounting Standards Update No. 2016-09, “Compensation—Stock Compensation (Topic 718)”, which simplifies several aspects of accounting for share-based compensation including the tax consequences, classification of awards as equity or liabilities, forfeitures and classification on the statement of cash flows. This update is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early application is permitted. The adoption of this new accounting guidance did not have a material effect on the Company's Consolidated Financial Statements. In February 2016, FASB issued Accounting Standards Update No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). ASU 2016-02 will apply to both types of leases - capital (or finance) leases and operating leases. According to the new Accounting Standard, lessees will be required to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months. ASU 2016 - 02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. The Company is currently assessing the impact that adopting this new accounting guidance will have on its consolidated financial statements and footnotes disclosures. In January 2016, FASB issued Accounting Standards Update No. 2016-01, “Financial Instruments—Overall (Subtopic 825-10) - Recognition and Measurement of Financial Assets and Financial Liabilities”. The amendments in this update require an entity (i) to measure equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) at fair value with changes in fair value recognized in net income; (ii) to perform a qualitative assessment to identify impairment in equity investments without readily determinable fair values; (iii) to present separately in other comprehensive income the fair value of a liability resulting from a change in the instrument-specific credit risk; and (iv) to present separately financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet. The amendments also eliminate the requirement, for public business entities, to disclose the methods and significant assumptions used to estimate the fair value of financial instruments measured at amortized cost on the balance sheet and clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity's other deferred tax assets. For public business entities, the update is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this new standard is not expected to have a material impact on the Company's results of operations, financial position or cash flows. In August 2014, FASB issued Accounting Standards Update No. 2014-15, “Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties About an Entity's Ability to Continue as a Going Concern”. This standard requires management to assess an entity's ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. Before this new standard, no accounting guidance existed for management on when and how to assess or disclose going concern uncertainties. The amendments are effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. The adoption of the new standard is not expected to have a material impact on Navios Partners' results of operations, financial position or cash flows. In May 2014, FASB issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers”, clarifying the method used to determine the timing and requirements for revenue recognition on the statements of income. Under the new standard, an entity must identify the performance obligations in a contract, the transaction price and allocate the price to specific performance obligations to recognize the revenue when the obligation is completed. The amendments in this update also require disclosure of sufficient information to allow users to understand the nature, amount, timing and uncertainty of revenue and cash flow arising from contracts. The new accounting guidance is effective for interim and annual periods beginning after December 15, 2016. In August 2015, FASB issued Accounting Standard Update No. 2015-14 which deferred the effective date of ASU 2014-09 for all entities by one year. The standard will be effective for public entities for annual reporting periods beginning after December 15, 2017 and interim periods therein. The Company is currently assessing the impact that adopting this new accounting guidance will have its consolidated financial statements.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2016
CASH AND CASH EQUIVALENTS [Abstract]
Cash and Cash Equivalents	NOTE 3 - CASH AND CASH EQUIVALENTS Cash and cash equivalents consist of the following: December 31, December 31, Cash on hand and at banks $ 17,360 $ 26,332 Short-term deposits and highly liquid funds — 418 Total cash and cash equivalents $ 17,360 $ 26,750 Short-term deposits and highly liquid funds relate to amounts held in banks for general financing purposes. As of December 31, 2016, Navios Partners did not hold money market funds with duration of less than three months . As of December 31, 2015, Navios Partners held money market funds of $418 with duration of less than three months. 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. Navios Partners does maintain cash deposits and equivalents in excess of government-provided insurance limits. Navios Partners also reduces exposure to credit risk by dealing with a diversified group of major financial institutions. Restricted cash, at December 31, 2016, included $2,228, which related to amounts held in retention accounts as required by certain of Navios Partners' credit facilities and an amount of $5,500 held as security in the form of a letter of guarantee, relating to the chartering of a vessel. Restricted cash, at December 31, 2015 included $7,789, which related to amounts held in retention accounts as required by certain of Navios Partners' credit facilities.

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2016
Accounts Receivable Net [Abstract]
Accounts Receivable, Net	NOTE 4 - ACCOUNTS RECEIVABLE, NET Accounts receivable consist of the following: December 31, December 31, Accounts receivable $ 10,022 $ 3,999 Less: Provision for doubtful receivables — — Accounts receivable, net $ 10,022 $ 3,999 Charges to provisions for doubtful accounts are summarized as follows: Allowance for doubtful receivables Balance Charges and Amount Balance at end of Year ended December 31, 2016 $ — $ — $ — $ — Year ended December 31, 2015 $ (49) $ — $ 49 $ — Year ended December 31, 2014 $ (613) $ — $ 564 $ (49)

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2016
Prepaid Expenses And Other Assets [Abstract]
Prepaid Expenses and Other Current Assets	NOTE 5 - PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consist of the following: December 31, December 31, Prepaid voyage costs $ 27 $ 137 Inventory 220 1,160 Other 1,353 — Total prepaid expenses and other current assets $ 1,600 $ 1,297 Inventories, which are comprised of bunkers due to freight voyages, are valued at cost as determined on the first-in, first-out basis. As of December 31, 2016, the amount of $1,353 represents the advances for working capital purposes for certain charter contracts.

Vessels, Net

Vessels, Net	12 Months Ended
	Dec. 31, 2016
VESSELS, NET [Abstract]
Vessels, Net	NOTE 6 - VESSELS, NET Vessels Cost Accumulated Net Book Balance December 31, 2014 $ 1,358,348 $ (218,922) $ 1,139,426 Additions 147,840 (57,217) 90,623 Balance December 31, 2015 $ 1,506,188 $ (276,139) $ 1,230,049 Additions 15,341 (55,983) (40,642) Vessel impairment losses (42,231) 15,030 (27,201) Transfer to vessel held for sale (see Note 7) (125,000) — (125,000) Balance December 31, 2016 $ 1,354,298 $ (317,092) $ 1,037,206 To date, for each of the vessels purchased from Navios Holdings, the vessel acquisition was effected through the acquisition of all of the capital stock of the vessel-owning companies, which held the ownership and other contractual rights and obligations related to each of the acquired vessels, including the vessel and a charter-out contract. Management accounted for each acquisition as an asset acquisition. At the transaction date, the purchase price approximated the fair value of the assets acquired, which was determined based on a combination of methodologies including discounted cash flow analyses and independent valuation analyses. The consideration paid, for each of these transactions, was allocated between the intangible assets (favorable lease term) and the vessel value. Acquisition of vessels 2016 On December 30, 2016, Navios Partners acquired from an unrelated third party the Navios Beaufiks, a 2004-Japanese-built Capesize vessel of 180,310 dwt, for an acquisition cost of $15,341. 2015 On April 22, 2015, Navios Partners acquired from an unrelated third party the MSC Cristina, a 2011 South Korean-built Container vessel of 13,100 TEU, for an acquisition cost of $147,840, of which $14,802 relates to vessel deposits paid and transferred during the year. 2014 On October 28, 2014, Navios Partners acquired from an unrelated third party the YM Unity, a 2006-built Container vessel of 8,204 TEU, for an acquisition cost of $59,095. On August 29, 2014, Navios Partners acquired from an unrelated third party the YM Utmost, a 2006-built Container vessel of 8,204 TEU, for an acquisition cost of $59,092. On January 18, 2014, Navios Partners acquired from an unrelated third party the Navios Sun, a 2005-built Panamax vessel of 76,619 dwt, for an acquisition cost of $16,176, of which $1,583 was transferred from vessel deposits. On January 7, 2014, Navios Partners acquired from an unrelated third party the Navios La Paix, a 2014-built Ultra-Handymax vessel of 61,485 dwt, for an acquisition cost of $28,478, of which $5,688 was transferred from vessel deposits. Vessel impairment losses On January 9, 2017, Navios Partners entered into a Memorandum of Agreement with an unrelated third party for the disposal of the Navios Apollon for a net sale price of $4,750. The vessel is subject to an existing time charter with an unrelated charterer and was not immediately available for sale and therefore, did not qualify as an asset held for sale as of December 31, 2016. As of December 31, 2016, the Company had a current expectation that the vessel would be sold before the end of its previously estimated useful life, and as a result performed an impairment test of the specific asset group. An impairment loss of $10,008 has been recognized under the line item “Vessel impairment losses” in the Consolidated Statements of Operations.

Vessels Held For Sale

Vessels Held For Sale	12 Months Ended
	Dec. 31, 2016
VESSELS, NET [Abstract]
Vessel Held For Sale	NOTE 7 - VESSEL HELD FOR SALE During June 2016, Navios Partners entered into a Memorandum of Agreement with an unrelated third party, for the disposal of the MSC Cristina. The vessel was subject to an existing time charter and management had committed to a plan to sell the vessel to the current charterer prior to June 2017. As of December 31, 2016, the vessel has been classified as held for sale as the relevant criteria for the classification were met and, therefore, it is presented in the consolidated balance sheets at its fair value less cost to sell totaling $125,000. An impairment loss of $17,193 for the vessel held for sale, is included under “Vessel impairment losses” in the consolidated Statements of Operations. The vessel was sold in January 2017 and proceeds from the sale of the vessel were used to fully repay the outstanding amount of the April 2015 credit facility and the June 2016 credit facility (see Note 23).

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2016
INTANGIBLE ASSETS [Abstract]
Intangible Assets	NOTE 8 - INTANGIBLE ASSETS Intangible assets as of December 31, 2016 and 2015 consisted of the following: Cost Accumulated Net Book Value Amortization Favorable lease terms December 31, 2014 $ 158,987 $ (84,932) $ 74,055 Additions — (18,716 ) (18,716 ) Write-off (31,199 ) 31,199 — Favorable lease terms December 31, 2015 $ 127,788 $ (72,449) $ 55,339 Additions — (15,861 ) (15,861 ) Accelerated amortization (44,072 ) 23,546 (20,526 ) Favorable lease terms December 31, 2016 $ 83,716 $ (64,764) $ 18,952 Amortization expense of favorable lease terms for the years ended December 31, 2016, 2015 and 2014 is presented in the following table: Year Ended December 31, December 31, December 31, 2016 2015 2014 Favorable lease terms $ (15,861 ) $ (18,716 ) $ (23,287 ) Acceleration of favorable lease terms (20,526 ) — (22,063 ) Total $ (36,387) $ (18,716 ) $ (45,350) The aggregate amortization of the intangibles as of December 31 is estimated to be as follows: Year Amount 2017 $ 10,871 2018 3,748 2019 1,166 2020 1,166 2021 1,166 2022 and thereafter 835 $ 18,952 As of December 31, 2016, Navios Partners accelerated $20,526 of amortization of the Navios Luz and the Navios Buena Ventura favorable lease intangibles due to a change in their useful life following the termination of the Charter Party and early re-delivery of the vessels from Hanjin Shipping Co. on September 13, 2016. As of December 31, 2015, acquisition cost and accumulated amortization, each amounting to $31,199, was written-off as the intangible asset associated with the favorable lease that was fully amortized for the Navios Fulvia. During the year ended December 31, 2014, Navios Partners' accelerated $22,010 of amortization of the Navios Pollux favorable lease intangible due to a change in its useful life following the termination of the credit default insurance policy (Refer to Note 22 “Other Income” for further details). The additional amount of $53 of accelerated amortization incurred through December 31, 2014, related to the expiration of the intangible assets associated with two vessels of our fleet. Intangible assets subject to amortization are amortized using straight line method over their estimated useful lives to their estimated residual value of zero. The weighted average remaining useful lives are 10.0 years for favorable lease terms charter out.

Accounts Payable

Accounts Payable	12 Months Ended
	Dec. 31, 2016
Accounts Payable Current And Noncurrent [Abstract]
Accounts Payable	NOTE 9 - ACCOUNTS PAYABLE Accounts payable as of December 31, 2016 and 2015 consisted of the following: December 31, December 31, Creditors $ 766 $ 329 Brokers 1,796 2,112 Insurances 35 149 Professional and legal fees 679 116 Total accounts payable $ 3,276 $ 2,706

Accrued Expenses

Accrued Expenses	12 Months Ended
	Dec. 31, 2016
Accrued Liabilities Current And Noncurrent [Abstract]
Accrued Expenses	NOTE 10 - ACCRUED EXPENSES Accrued expenses as of December 31, 2016 and 2015 consisted of the following: December 31, December 31, Accrued voyage expenses $ 1,526 $ 1,411 Accrued loan interest 700 864 Accrued legal and professional fees 2,219 241 Total accrued expenses $ 4,445 $ 2,516 Included in accrued legal and professional fees is the amount of $1,650 that was authorized and approved by the compensation committee of Navios Partners in December 2016 and for which all service conditions have been met as of December 31, 2016. The compensation committee of Navios Partners also authorized and approved an additional $1,650 payment to the directors and/or officers of the Company subject to fulfillment of certain service conditions in 2017. The total amount of $ 1,650, $0 and $0 has been recorded in general and administrative expenses in the consolidated Statements of Operations for the year ended December 31, 2016, 2015 and 2014 respectively.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Borrowings	NOTE 11 BORROWINGS Borrowings as of December 31, 2016 and 2015 consisted of the following: December 31, December 31, Term Loan B facility $ 386,292 $ 411,292 Credit facilities 141,805 194,569 Total borrowings $ 528,097 $ 605,861 Less: Long-term unamortized discount (1,471) (2,464) Less: Current portion of long-term debt, net (74,031) (23,336) Less: Deferred financing costs, net (2,850) (5,319) Long-term debt, net $ 449,745 $ 574,742 As December 31, 2016, the total borrowings, net under the Navios Partners' credit facilities were $523,776. Term Loan B Credit Facility: On October 31, 2013 and November 1, 2013, Navios Partners completed the issuance of a $189,500 add-on to its existing Term Loan B facility. The add-on to the Term Loan B facility bears the same terms as Term Loan B facility. Navios Partners used the net proceeds to partially finance the acquisition of five Container vessels. During 2015 and 2016, Navios Partners prepaid $21,000 and $25,000, respectively, of the Term Loan B facility. These prepayments were fully applied to the balloon payment. Following the prepayment of March 2015 and May 2016, an amount of $256 and $187, respectively, was written-off from the deferred finance fees. The Term Loan B facility is secured by first priority mortgages covering certain vessels owned by subsidiaries of Navios Partners, in addition to other collateral, and is guaranteed by each subsidiary of Navios Partners. On March 31, 2016, YM Unity was added as collateral to the Term Loan B facility. On November 14, 2016, six dry cargo vessels were added as collateral to the Term Loan B facility and a Capesize vessel has been added upon delivery in December 2016 in exchange for $13,500, held in the escrow account. Upon delivery of Navios Beaufiks, the amount of $13,500 was released and the vessel was added as collateral to the Term Loan B facility. The Term Loan B Agreement requires maintenance of a loan to value ratio of 0.8 to 1.0, and other restrictive covenants customary for facilities of this type (subject to negotiated exceptions and baskets), including restrictions on indebtedness, liens, acquisitions and investments, restricted payments and dispositions. The Term Loan B Agreement also provides for customary events of default, prepayment and cure provisions. As of December 31, 2016, the outstanding balance of the Term Loan B facility including the add-on was $384,821, net of discount of $1,471, and it is repayable with a final payment of $386,292, in June 2018. ABN AMRO Credit Facilities: On March 31, 2016, the YM Unity was released and discharged from its obligations and liabilities under the September 2014 Credit Facility. On April 1, 2016, Navios Partners fully repaid the outstanding balance of $28,357 of the facility with ABN AMRO Bank N.V. Following this repayment, an amount of $340 was written-off from the deferred finance fees. As of December 31, 2016, there was no outstanding amount under this facility. On June 23, 2016, Navios Partners entered into a new credit facility with ABN AMRO Bank N.V. (the “June 2016 Credit Facility”) of up to $30,000 to be used for the general corporate purposes of the Borrower. The June 2016 Credit Facility bore interest at LIBOR plus 400 bps per annum. The final maturity date was January 30, 2017. As of December 31, 2016 the outstanding balance of the facility was $29,000. On January 12, 2017, Navios Partners fully repaid the June 2016 Credit Facility. Commerzbank/DVB Credit Facility: Debt HSH Credit Facility: The Navios Holdings Credit Facility: Amounts drawn under the July 2012 Credit Facility are secured by first preferred mortgages on certain Navios Partners' vessels and other collateral and are guaranteed by the respective vessel-owning subsidiary. Amounts drawn under the September 2014 Credit Facility, the April 2015 Credit Facility and the June 2016 Credit Facility are secured by first preferred mortgages on certain Navios Partners' vessels and other collateral and are guaranteed by Navios Partners. The July 2012 Credit Facility, the September 2014 Credit Facility, the April 2015 Credit Facility and the June 2016 Credit Facility contain a number of restrictive covenants that prohibit or limit Navios Partners from, among other things: incurring or guaranteeing indebtedness; entering into affiliate transactions; charging, pledging or encumbering the vessels; changing the flag, class, management or ownership of Navios Partners' vessels; changing the commercial and technical management of Navios Partners' vessels; selling or changing the beneficial ownership or control of Navios Partners' vessels; not maintaining Navios Holdings' (or its affiliates) ownership in Navios Partners of at least 15.0%; and subordinating the obligations under the credit facilities to any general and administrative costs relating to the vessels, including the fixed daily fee payable under the management agreement. The July 2012 Credit Facility, the September 2014 Credit Facility, the April 2015 Credit Facility and the June 2016 Credit Facility also require compliance with a number of financial covenants, including: (i) maintain a required security amount ranging over 105% to 140%; (ii) minimum free consolidated liquidity of $15,000 as at December 31, 2016 and at least the higher of $20,000 and the aggregate of interest and principal falling due during the previous six months all the other times; (iii) maintain a ratio of EBITDA to interest expense of at least 2.00 : 1.00; (iv) maintain a ratio of total liabilities to total assets (as defined in our credit facilities) ranging of less than 0.75 or 0.80: 1.00; and (v) maintain a minimum net worth to $135,000 for the periods prior to any distributions by the Company. It is an event of default under the credit facilities if such covenants are not complied with in accordance with the terms and subject to the prepayment or cure provision of each facility. As of December 31, 2016, Navios Partners was in compliance with the financial covenants and/or the prepayment and/or the cure provisions as applicable in each of its credit facilities. The maturity table below reflects the gross principal payments due under its credit facilities for the 12-month periods ended December 31: Year Amount 2017 $ 76,767 2018 392,204 2019 5,913 2020 5,913 2021 5,913 2022 and thereafter 41,387 $ 528,097

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2016
FAIR VALUE OF FINANCIAL INSTRUMENTS [ABSTRACT]
Fair Value of Financial Instruments	NOTE 12 - FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying value amounts of many of Navios Partners' financial instruments, including cash and cash equivalents, restricted cash, accounts receivable and accounts payable and amounts due to related parties approximate their fair value due primarily to the short-term maturity of the related instruments. The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Cash and cash equivalents and restricted cash: Other long-term debt, net: Term Loan B facility: Due to related parties, short-term: Due to related parties, long-term: Due from related parties: The estimated fair values of the Navios Partners' financial instruments are as follows: December 31, 2016 December 31, 2015 Book Value Fair Value Book Value Fair Value Cash and cash equivalents $ 17,360 $ 17,360 $ 26,750 $ 26,750 Restricted cash $ 7,728 $ 7,728 $ 7,789 $ 7,789 Loans receivable from affiliates $ 2,422 $ 2,422 $ 1,521 $ 1,521 Amounts due to related parties, short-term $ — $ — $ (8,680 ) $ (8,680 ) Amounts due to related parties, long-term $ 11,105 $ 11,105 $ — $ — Amounts due from related parties $ 19,639 $ 19,639 $ — $ — Term Loan B facility, net $ (382,653 ) $ (360,700 ) $ (404,977 ) $ (406,410 ) Other long-term debt, net $ (141,124 ) $ (141,805 ) $ (193,102 ) $ (194,569 ) Notes receivable $ 6,112 $ 6,112 $ — $ — 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 we have 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. The Company did not use any Level 3 inputs as of December 31, 2016 and December 31, 2015. Fair Value Measurements at December 31, 2016 Total Level I Level II Level III Cash and cash equivalents $ 17,360 $ 17,360 $ — $ — Restricted cash $ 7,728 $ 7,728 $ — $ — Loans receivable from affiliates $ 2,422 $ — $ 2,422 $ — Amounts due to related parties, long-term $ 11,105 $ 11,105 $ — $ — Term Loan B facility, net (1) $ (360,700 ) $ — $ (360,700 ) $ — Other long-term debt, net (1) $ (141,805 ) $ — $ (141,805 ) $ — Notes receivable (2) $ 6,112 $ — $ 6,112 $ — The estimated fair value of our financial instruments that are measured at fair value on a non-recurring basis, categorized based upon the fair value hierarchy, are as follows: Fair Value Measurements at December 31, 2016 Total Level I Level II Level III Vessel held for sale $ 125,000 $ — $ 125,000 $ — Vessels, net (for Navios Apollon) $ 4,750 $ — $ 4,750 $ — Fair Value Measurements at December 31, 2015 Total Level I Level II Level III Cash and cash equivalents $ 26,750 $ 26,750 $ — $ — Restricted cash $ 7,789 $ 7,789 $ — $ — Loans receivable from affiliates $ 1,521 $ — $ 1,521 $ — Term Loan B facility, net (1) $ (406,410 ) $ — $ (406,410 ) $ — Other long-term debt, net (1) $ (194,569 ) $ — $ (194,569 ) $ — (1) The fair value of the Company's debt is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account our creditworthiness. (2) The fair value is estimated based on currently available information on the Company's counterparty with similar contract terms, interest rate and remaining maturities.

Issuance of Units

Issuance of Units	12 Months Ended
	Dec. 31, 2016
ISSUANCE OF UNITS [Abstract]
Issuance of Units	NOTE 13 - ISSUANCE OF UNITS On November 18, 2016, Navios Partners entered into a Continuous Offering Program Sales Agreement, pursuant to which Navios Partners may issue and sell from time to time through its agent common units representing limited partner interests having an aggregate offering price of up to $25,000. During the year ended December 31, 2016, Navios Partners issued 244,201 common units and received net proceeds of $440. Pursuant to the issuance of the common units, Navios Partners issued 4,984 general partnership units to its general partner in order to maintain its 2.0% general partner interest. The net proceeds from the issuance of the general partnership units were $10. On February 11, 2015, Navios Partners completed its public offering of 4,000,000 common units at $13.09 per unit and raised gross proceeds of approximately $52,360 to fund its fleet expansion. The net proceeds of this offering, including the underwriting discount and excluding offering costs of $216 were approximately $50,120. Pursuant to this offering, Navios Partners issued 81,633 general partnership units to its general partner. The net proceeds from the issuance of the general partnership units were $1,069. On the same date, Navios Partners completed the exercise of the option previously granted to the underwriters in connection with the offering and issued 600,000 additional common units at the public offering price less the underwriting discount. As a result of the exercise of the option, Navios Partners raised additional gross proceeds of $7,854 and net proceeds, including the underwriting discount, of approximately $7,518 and issued 12,245 additional general partnership units to its general partner. The net proceeds from the issuance of the general partnership units were $160. In addition, Navios Partners completed a private placement of 1,120,547 common units and 22,868 general partner units at $13.09 per unit to Navios Holdings, raising additional gross proceeds of $14,967. Navios Holdings currently owns a 19.4% interest in Navios Partners, which includes the 2.0% interest through Navios Partners' general partner which Navios Holdings owns and controls. On February 14, 2014, Navios Partners completed its public offering of 5,500,000 common units at $17.30 per unit and raised gross proceeds of approximately $95,150 to fund its fleet expansion. The net proceeds of this offering, including the underwriting discount and excluding offering costs of $306 were approximately $91,135. Pursuant to this offering, Navios Partners issued 112,245 general partnership units to its general partner. The net proceeds from the issuance of the general partnership units were $1,942. On February 18, 2014, Navios Partners completed the exercise of the option previously granted to the underwriters in connection with the offering and issued 825,000 additional common units at the public offering price less the underwriting discount. As a result of the exercise of the option, Navios Partners raised additional gross proceeds of $14,273 and net proceeds, including the underwriting discount, of approximately $13,670 and issued 16,837 additional general partnership units to its general partner. The net proceeds from the issuance of the general partnership units were $291.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2016
SEGMENT INFORMATION [Abstract]
Segment Information	NOTE 14 - SEGMENT INFORMATION Navios Partners reports financial information and evaluates its operations by charter revenues. Navios Partners 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 Navios Partners has determined that it operates under one reportable segment. The following table sets out operating revenue by geographic region for Navios Partners' reportable segment. Revenue is allocated on the basis of the geographic region in which the customer is located. Drybulk and container vessels operate worldwide. Revenues from specific geographic region which contribute over 10% of total revenue are disclosed separately. 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. Year Ended Year Ended Year Ended Asia $ 112,019 $ 133,542 $ 125,572 Europe 54,006 70,121 64,858 North America 13,364 10,557 19,943 Australia 11,135 9,456 16,983 Total $ 190,524 $ 223,676 $ 227,356

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
INCOME TAXES [Abstract]
Income Taxes	NOTE 15 - INCOME TAXES Marshall Islands, Malta and Liberia do not impose a tax on international shipping income. Under the laws of Marshall Islands, Malta and Liberia, the countries of the vessel-owning subsidiaries' incorporation and vessels' registration, the vessel-owning subsidiaries are subject to registration and tonnage taxes which have been included in vessel operating expenses in the accompanying consolidated statements of operations. In accordance with the currently applicable Greek law, foreign flagged vessels that are managed by Greek or foreign ship management companies having established an office in Greece are subject to duties towards the Greek state which are calculated on the basis of the relevant vessel's tonnage. The payment of said duties exhausts the tax liability of the foreign ship owning company and the relevant manager against any tax, duty, charge or contribution payable on income from the exploitation of the foreign flagged vessel. Pursuant to Section 883 of the Internal Revenue Code of the United States, U.S. source income from the international operation of ships is generally exempt from U.S. income tax if the company operating the ships meets certain incorporation and ownership requirements. Among other things, in order to qualify for this exemption, the company operating the ships must be incorporated in a country which grants an equivalent exemption from income taxes to U.S. corporations. All the vessel-owning subsidiaries satisfy these initial criteria. In addition, these companies must meet an ownership test. The management of Navios Partners believes that this ownership test was satisfied prior to the IPO by virtue of a special rule applicable to situations where the ship operating companies are beneficially owned by a publicly traded company. Although not free from doubt, management also believes that the ownership test will be satisfied based on the trading volume and ownership of Navios Partners' units, but no assurance can be given that this will remain so in the future.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
COMMITMENTS AND CONTINGENCIES [Abstract]
Commitments And Contingencies	NOTE 16 - COMMITMENTS AND CONTINGENCIES Navios Partners is involved in various disputes and arbitration proceedings arising in the ordinary course of business. Provisions have been recognized in the financial statements for all such proceedings where Navios Partners believes that a liability may be probable, and for which the amounts are reasonably estimable, based upon facts known at the date the financial statements were prepared. Management believes the ultimate disposition of these matters will be immaterial individually and in the aggregate to Navios Partners' financial position, results of operations or liquidity. In January 2011, Korea Line Corporation (“KLC”) which is the charterer of the Navios Melodia filed for receivership. The charter contract was affirmed and was performed by KLC on its original terms, following an interim suspension period until April 2016 during which Navios Partners traded the vessel directly. On April 1, 2016, the vessel was delivered to KLC and the charter contract was resumed.

Leases

Leases	12 Months Ended
	Dec. 31, 2016
LEASES [Abstract]
Leases	NOTE 17 - LEASES The future minimum contractual lease income (charter-out rates are presented net of commissions and assume no off-hires days) as of December 31, 2016, is as follows: Amount 2017 $ 112,434 2018 82,445 2019 54,688 2020 65,862 2021 65,682 2022 and thereafter 306,965 $ 688,076

Transactions with Related Parti

Transactions with Related Parties and Affiliates	12 Months Ended
	Dec. 31, 2016
TRANSACTIONS WITH RELATED PARTIES AND AFFILIATES [Abstract]
Transactions with Related Parties and Affiliates	NOTE 18 - TRANSACTIONS WITH RELATED PARTIES AND AFFILIATES The Navios Holdings Credit facility: Management fees: Effective August 31, 2016, Navios Partners could, upon request to Navios Holdings, partially or fully defer the reimbursement of dry docking and other extraordinary fees and expenses under the Management Agreement to a later date, but not later than January 5, 2018, and if reimbursed on a later date, such amounts would bear interest at a rate of 1% per annum over LIBOR. Total management fees for the year ended December 31, 2016, 2015 and 2014 amounted to $59,209, $56,504 and $50,359, respectively. General and administrative expenses: Total general and administrative expenses charged by Navios Holdings for the year ended December 31, 2016, 2015 and 2014 amounted to $7,751, $6,205 and $6,089, respectively. Balance due from related parties (excluding Navios Europe I and Navios Europe II): Balance due from related parties as of December 31, 2016 was $19,040 and included the short-term due from Navios Holdings. The balance mainly consisted of management fees and other receivables. Amounts due from related parties as of December 31, 2015 was $0. Balance due to related parties: Vessel Chartering: In May 2012 and 2013, Navios Partners entered into two charters with a subsidiary of Navios Holdings for the Navios Aldebaran and the Navios Prosperity. On February 11, 2015, Navios Partners and Navios Holdings entered into a novation agreement whereby the rights to the time charter contract of the Navios Aldebaran and the Navios Prosperity were transferred to Navios Holdings on February 28 and March 5, 2015, respectively. In 2012 and 2013, Navios Partners entered into various charters with a subsidiary of Navios Holdings for the Navios Apollon, Navios Libra, Navios Felicity and Navios Hope. In April 2015, these charters were further extended for approximately one year at a net daily rate of $12.5, $12.0, $12.0 and $10.0, respectively, plus 50/50 profit sharing based on actual earnings at the end of the period. The vessels were redelivered as of April 2016. In 2015, Navios Partners entered into various charters with a subsidiary of Navios Holdings for the Navios Gemini, Navios Hyperion, Navios Soleil, Navios Harmony, Navios Orbiter, Navios Fantastiks, Navios Alegria, Navios Pollux and Navios Sun. The terms of these charters were approximately nine to twelve months, at a net daily rate of $7.6, $12.0, $12.0, $12.0, $12.0, $12.5, $12.0, $11.4 and $12.0, respectively plus 50/50 profit sharing based on actual earnings at the end of the period. The vessels were redelivered as of April 2016. In November 2016, Navios Partners entered into a charter with a subsidiary of Navios Holdings for the Navios Fulvia, a 2010-built Capesize vessel. The term of this charter is approximately three months that commenced in November 2016, at a net daily rate of $11.5. Total revenue of Navios Partners from the subsidiaries of Navios Holdings for the year ended December 31, 2016, 2015 and 2014 amounted to $1,939, $38,809 and $27,444, respectively. Share Purchase Agreements: Registration Rights Agreement: Balance due from Navios Europe I: As of December 31, 2016, Navios Partners' portion of the outstanding amount relating to portion of the investment in Navios Europe I (5.0% of the $10,000) was $500, under the caption “Investment in affiliates”and the outstanding amount relating to the Navios Revolving Loans I capital was $750 (December 31, 2015: $750), under the caption “Loans receivable from affiliates”. The accrued interest income earned under the Navios Revolving Loans I was $310 under the caption “Balance due from related parties” and the accrued interest income earned under the Navios Term Loans I was $235 under the caption “Loans receivable from affiliates”. As of December 31, 2016 and December 31, 2015, the amounts undrawn from the Navios Revolving Loans I were $9,100, of which Navios Partners' portion was $455. Balance due from Navios Europe II: The Navios Revolving Loans II earn an 18.0% preferred distribution and are repaid from Free Cash Flow (as defined in the loan agreement) to the fullest extent possible at the end of each quarter. There are no covenant requirements or stated maturity dates. As of December 31, 2016, Navios Partners' portion of the outstanding amount relating to portion of the investment in Navios Europe II (5.0% of the $14,000) was $700, under the caption “Investment in affiliates” and the outstanding amount relating to the Navios Revolving Loans II capital was $1,221 (December 31, 2015: $771), under the caption “Loans receivable from affiliates”. The accrued interest income earned under the Navios Revolving Loans II was $288 under the caption “Balance due from related parties” and the accrued interest income earned under the Navios Term Loans II was $216 under the caption “Loans receivable from affiliates”. As of December 31, 2016, the amounts undrawn from the Navios Revolving Loans II was $14,075, of which Navios Partners' portion was $704. As of December 31, 2015, the amount undrawn from the Navios Revolving Loans II was $23,075, of which Navios Partners' portion was $1,154. Others: Navios Partners entered into an omnibus agreement with Navios Acquisition and Navios Holdings (the “Acquisition Omnibus Agreement”) in connection with the closing of Navios Acquisition's initial vessel acquisition, pursuant to which, among other things, Navios Holdings and Navios Partners agreed not to acquire, charter-in or own liquid shipment vessels, except for container vessels and vessels that are primarily employed in operations in South America, without the consent of an independent committee of Navios Acquisition. In addition, Navios Acquisition, under the Acquisition Omnibus Agreement, agreed to cause its subsidiaries not to acquire, own, operate or charter drybulk carriers subject to specific exceptions. Under the Acquisition Omnibus Agreement, Navios Acquisition and its subsidiaries granted to Navios Holdings and Navios Partners, a right of first offer on any proposed sale, transfer or other disposition of any of its drybulk carriers and related charters owned or acquired by Navios Acquisition. Likewise, Navios Holdings and Navios Partners agreed to grant a similar right of first offer to Navios Acquisition for any liquid shipment vessels it might own. These rights of first offer will not apply to a (i) sale, transfer or other disposition of vessels between any affiliated subsidiaries, or pursuant to the terms of any charter or other agreement with a counterparty, or (ii) merger with or into, or sale of substantially all of the assets to, an unaffiliated third party. In connection with the Navios Maritime Midstream Partners L.P. (“Navios Midstream”) initial public offering and effective November 18, 2014, Navios Partners entered into an omnibus agreement with Navios Midstream, Navios Acquisition and Navios Holdings pursuant to which Navios Acquisition, Navios Holdings and Navios Partners have agreed not to acquire or own any VLCCs, crude oil tankers, refined petroleum product tankers, LPG tankers or chemical tankers under time charters of five or more years and also providing rights of first offer on certain tanker vessels. On November 15, 2012 (as amended in March 2014), Navios Holdings and Navios Partners entered into an agreement (the “Navios Holdings Guarantee”) by which Navios Holdings will provide supplemental credit default insurance with a maximum cash payment of $20,000. During the year ended December 31, 2016 and 2015, the Company submitted claims for charterers' default under this agreement to Navios Holdings for a total amount of $9,153 and $3,605, respectively, net of applicable deductions, of which $9,635 and $3,795 was recorded as “Other income” for the year ended December 31, 2016 and 2015, respectively. As of December 31, 2016, Navios Holdings held an 18.0% common unit interest in Navios Partners, represented by 15,344,310 common units and it also held a general partner interest of 2.0%.

Notes Receivable

Notes Receivable	12 Months Ended
	Dec. 31, 2016
Disclosure Text Block [Abstract]
Notes Receivable	NOTE 19 — NOTES RECEIVABLE On July 15, 2016, the Company entered into a charter restructuring agreement for the reduction of the hire rate for five Container vessels chartered out to Hyundai Merchant Marine Co. (“HMM”) which resulted in a decrease in cash charter hire to be received of approximately $38,461. More specifically, the reduction of the hire rate will be applied as follows: • With effect from (and including) July 18, 2016 until (and including) December 31, 2019, hire rate shall be reduced to $24,400 per day pro rata. • With effect from (and including) January 1, 2020, hire rate shall be restored to the rate of $30,500 per day pro rata until redelivery. In exchange for the reduction of the hire rate, the Company received (i) $7,692 on principal amount of senior, unsecured notes, amortizing subject to available cash flows, accruing interest at 3% per annum payable on maturity in July 2024 and (ii) 3,657 freely tradable securities of HMM (publicly traded at the Stock Market Division of the Korean Exchange). On July 18, 2016, the Company recognized the fair value of the HMM securities totaling $40,277 and also recognized the fair value of the senior unsecured notes totaling $5,932. The total fair value of the non-cash compensation received was recognized as deferred revenue, which will be amortized over the remaining duration of the each time charter. For the year ended December 31, 2016, the Company recorded an amount of $5,537 of deferred revenue amortization in the consolidated Statement of Operations under line “Time charter and voyage revenues”. As of December 31, 2016, the outstanding balances of the current and non-current portion of deferred revenue in relation to HMM amounted to $12,102 and $28,571, respectively. During August 2016, the Company sold all the shares for net proceeds on sale of $20,842 resulting in a loss on sale of $19,435, which was recorded under “Loss on sale of securities” in the consolidated Statements of Operations for the year ended December 31, 2016 and the proceeds were classified as investing activities in the consolidated Statements of Cash Flows for the year ended December 31, 2016. The Company recognized non-cash interest income and discount unwinding totaling to $180 for these instruments under “Interest income” in the consolidated Statements of Operations for the year ended December 31, 2016.

Investment In Navios Europe I A

Investment In Navios Europe I And Navios Europe II	12 Months Ended
	Dec. 31, 2016
EQUITY METHOD INVESTMENTS AND JOINT VENTURES [Abstract]
Investment in Navios Europe I and Navios Europe II	NOTE 20 - INVESTMENT IN NAVIOS EUROPE I AND NAVIOS EUROPE II Navios Europe I On an ongoing basis, Navios Europe I is required to distribute cash flows (after payment of operating expenses and amounts due pursuant to the terms of the Senior Loans I and repayments of the Navios Revolving Loans I) according to a defined waterfall calculation. Navios Partners evaluated its investment in Navios Europe I under ASC 810 and concluded that Navios Europe I is a variable interest entity (“VIE”) and that they are not the party most closely associated with Navios Europe I and, accordingly, is not the primary beneficiary of Navios Europe I. Navios Partners further evaluated its investment in the common stock of Navios Europe I under ASC 323 and concluded that it has the ability to exercise significant influence over the operating and financial policies of Navios Europe I and, therefore, its investment in Navios Europe I is accounted for under the equity method. As of December 31, 2016, the estimated maximum potential loss by Navios Partners in Navios Europe I would have been $1,390, which represents the Company's carrying value of the investment of $640 plus the Company's balance of the Navios Revolving Loans I of $750 and did not include the undrawn portion of the Navios Revolving Loans I. As of December 31, 2016, the Navios Partners' portion of the Navios Revolving Loan I outstanding was $750. Investment income of $74 was recognized in the Statements of Operations under the caption of “Other income” for the year ended December 31, 2016. Investment income of $45 was recognized in the Statements of Operations under the caption of “Other income” for the year ended December 31, 2015. Navios Europe II On an ongoing basis, Navios Europe II is required to distribute cash flows (after payment of operating expenses, amounts due pursuant to the terms of the Senior Loans and repayments of the Navios Revolving Loans II) according to a defined waterfall calculation. Navios Partners evaluated its investment in Navios Europe II under ASC 810 and concluded that Navios Europe II is a variable interest entity (“VIE”) and that it is not the party most closely associated with Navios Europe II and, accordingly, is not the primary beneficiary of Navios Europe II. Navios Partners further evaluated its investment in the common stock of Navios Europe II under ASC 323 and concluded that it has the ability to exercise significant influence over the operating and financial policies of Navios Europe II and, therefore, its investment in Navios Europe II is accounted for under the equity method. As of December 31, 2016, the estimated maximum potential loss by Navios Partners in Navios Europe II would have been $1,837, which represents the Company's carrying value of the investment of $616 plus the Company's balance of the Navios Revolving Loans II of $1,221 and does not include the undrawn portion of the Navios Revolving Loans II. As of December 31, 2016, the Navios Partners' portion of the Navios Revolvings Loan II outstanding was $1,221. Investment loss of $(133) was recognized in the Statements of Operations under the caption of “Other income” for the year ended December 31, 2016. Investment income of $49 was recognized in the Statements of Operations under the caption of “Other income” for the year ended December 31, 2015.

Cash Distributions and Earnings

Cash Distributions and Earnings per Unit	12 Months Ended
	Dec. 31, 2016
CASH DISTRIBUTIONS AND EARNINGS PER UNIT [Abstract]
Cash Distributions and Earnings Per Unit	NOTE 21 - CASH DISTRIBUTIONS AND EARNINGS PER UNIT Navios Partners intends to make distributions to the holders of common units on a quarterly basis, to the extent and as may be declared by the Board and to the extent it has sufficient cash on hand to pay the distribution after the Company establishes cash reserves and pays fees and expenses. There is no guarantee that Navios Partners will pay a quarterly distribution on the common units in any quarter. On February 3, 2016, Navios Partners announced that its board of directors decided to suspend the quarterly cash distributions to its unitholders, including the distribution for the quarter ended December 31, 2015. The amount of any distributions paid under Navios Partners' policy and the decision to make any distribution is determined by its board of directors, taking into consideration the terms of its partnership agreement. The Company is prohibited from making any distributions to unitholders if it would cause an event of default, or an event of default exists, under its existing credit facilities. There is incentive distribution rights held by the General Partner, which are analyzed as follows: Marginal Percentage Total Quarterly Distribution Common General Minimum Quarterly Distribution up to $0.35 98 % 2 % First Target Distribution up to $0.4025 98 % 2 % Second Target Distribution above $0.4025 up to $0.4375 85 % 15 % Third Target Distribution above $0.4375 up to $0.525 75 % 25 % Thereafter above $0.525 50 % 50 % The first 98% of the quarterly distribution is paid to all common units holders. The incentive distributions rights (held by the General Partner) apply only after a minimum quarterly distribution of $0.4025. On January 24, 2014, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended December 31, 2013 of $0.4425 per unit. The distribution was paid on February 14, 2014 to all holders of record of common and general partner units on February 10, 2014. The aggregate amount of the declared distribution was $32,573. On April 25, 2014, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended March 31, 2014 of $0.4425 per unit. The distribution was paid on May 13, 2014 to all holders of record of common and general partner units on May 9, 2014. The aggregate amount of the declared distribution was $35,474. On July 24, 2014, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended June 30, 2014 of $0.4425 per unit. The distribution was paid on August 13, 2014 to all holders of record of common and general partner units on August 8, 2014. The aggregate amount of the declared distribution was $35,474. On October 23, 2014, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended September 30, 2014 of $0.4425 per unit. The distribution was paid on November 10, 2014 to all holders of record of common and general partner units on November 7, 2014. The aggregate amount of the declared distribution was $35,474. On January 26, 2015, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended December 31, 2014 of $0.4425 per unit. The distribution was paid on February 13, 2015 to all holders of record of common and general partner units on February 11, 2015, which included the unitholders participating in the February 2015 offering (See Note 13—Issuance of units). The aggregate amount of the declared distribution was $38,097. On April 28, 2015, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended March 31, 2015 of $0.4425 per unit. The distribution was paid on May 14, 2015 to all holders of record of common and general partner units on May 13, 2015. The aggregate amount of the declared distribution was $38,097. On July 23, 2015, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended June 30, 2015 of $0.4425 per unit. The distribution was paid on August 14, 2015 to all holders of record of common and general partner units on August 13, 2015. The aggregate amount of the declared distribution was $38,097. On November 3, 2015, the Board of Directors of Navios Partners authorized its quarterly cash distribution for the three month period ended September 30, 2015 of $0.2125 per unit. The distribution was paid on November 13, 2015 to all holders of record of common and general partner units on November 12, 2015. The aggregate amount of the declared distribution was $18,015. Navios Partners calculates earnings per unit by allocating reported net income for each period to each class of units based on the distribution waterfall for available cash specified in Navios Partners' partnership agreement, net of the unallocated earnings (or losses). Basic earnings per unit is determined by dividing net income by the weighted average number of units outstanding during the period. Diluted earnings per unit is calculated in the same manner as basic earnings per unit, except that the weighted average number of outstanding units increased to include the dilutive effect of outstanding unit options or phantom units. Net loss per unit undistributed is determined by taking the distributions in excess of net income and allocating between common units and general partner units on a 98%-2% basis. There were no options or phantom units outstanding during the years ended December 31, 2016, 2015 and 2014. The calculations of the basic and diluted earnings per unit are presented below. Year Ended Year Ended Year Ended December 31, December 31, December 31, 2016 2015 2014 Net (loss)/ income $ (52,549 ) $ 41,805 $ 74,853 Earnings attributable to: Common unit holders (51,498 ) 39,825 71,225 Weighted average units outstanding (basic and diluted) Common unit holders 83,107,066 82,437,128 76,587,656 Earnings per unit (basic and diluted): Common unit holders $ (0.62) $ 0.48 $ 0.93 Earnings per unit — distributed (basic and diluted): Common unit holders $ — $ 1.11 $ 1.79 Loss per unit — undistributed (basic and diluted): Common unit holders $ (0.62) $ (0.63) $ (0.86)

Other Income

Other Income	12 Months Ended
	Dec. 31, 2016
OTHER INCOME [Abstract]
Other Income	NOTE 22 - OTHER INCOME On November 15, 2012 (as amended in March 2014), Navios Holdings and Navios Partners entered into an agreement by which Navios Holdings will provide supplemental credit default insurance with a maximum cash payment of $20,000. During the years ended December 31, 2016 and 2015, the Company submitted claims for charterers' default under this agreement to Navios Holdings for a total amount of $9,635 and $3,795, which were recorded as “Other income”, respectively. On November 10, 2016, Navios Partners repaid $28,052 in cash for the settlement of a nominal amount of $30,192 of the July 2012 Credit Facility achieving a $2,140 gain on debt repayment. During the year ended December 31, 2014, Navios Partners received cash compensation of $17,779 from the sale of a defaulted counterparty claim to an unrelated third party. Navios Partners has no continuing obligation to provide any further services to the counterparty and has therefore recognized the entire compensation received immediately in the Statements of Operations within the caption of “Other income”. As of March 25, 2014, the Company terminated the amended credit default insurance policy. In connection with the termination, Navios Partners received compensation of $30,956 (which was received in April 2014). From the total compensation, $1,170 was recorded immediately in the Statements of Operations within the caption of “Revenue”, which represents reimbursements for insurance claims submitted for the period prior to the date of the termination and the remaining amount of $29,786 was recorded immediately in the Statements of Operations within the caption of “Other income”. The Company has no future requirement to repay any of the lump sum cash payment back to the insurance company or provide any further services.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
SUBSEQUENT EVENTS [Abstract]
Subsequent Events	NOTE 23 - SUBSEQUENT EVENTS On February 21, 2017, Navios Holdings has agreed to sell to Navios Partners certain loans previously funded by Navios Holdings to Navios Europe Inc. for $27,000, subject to signing of definitive documentation. Navios Partners may require Navios Holdings, under certain conditions, to repurchase the loans after the third anniversary of the date of the sale based on the then outstanding balance of the loans. On March 6, 2017, Navios Partners announced the issuance of a new $ 405,000 Term Loan B facility. The Term Loan B facility bears an interest of LIBOR plus 500 basis points and has a three and a half year term. The Term Loan B facility is secured by first priority mortgages covering certain vessels owned by subsidiaries of Navios Partners, in addition to other collateral, and guaranteed by each subsidiary of Navios Partners. Navios Partners intends to use the net proceeds of the Term Loan B facility to: (i) to refinance the existing Term Loan B; and (ii) to pay fees and expenses related to the term loans. The issuance of the new Term Loan B facility is subject to signing of definitive documentation. On January 12, 2017, in connection to the sale of the MSC Cristina, Navios Partners fully repaid the outstanding balance of $70,950 of the April 2015 Credit Facility. On January 12, 2017, Navios Partners fully repaid the outstanding balance of $29,000 of the June 2016 Credit Facility. In January 2017, Navios Partners agreed to sell the Navios Apollon, a 2000 Ultra-Handymax vessel of 52,073 dwt to an unrelated third party, for a total net sale price of $4,750. Delivery is expected by April 2017.

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Basis Of Presentation	(a) Basis of presentation:
Principles Of Consolidation	(b) Principles of consolidation: Navios Partners also consolidates entities that are determined to be variable interest entities as defined in the accounting guidance, if it determines that it is the primary beneficiary. A variable interest entity is defined as a legal entity where either (a) equity interest holders as a group lack the characteristics of a controlling financial interest, including decision making ability and an interest in the entity's residual risks and rewards, (b) the equity holders have not provided sufficient equity investment to permit the entity to finance its activities without additional subordinated financial support, or (c) the voting rights of some investors are not proportional to their obligations to absorb the expected losses of the entity, their rights to receive the expected residual returns of the entity, or both and substantially all of the entity's activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights. Based on internal forecasts and projections that take into account reasonably possible changes in our 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 consolidated financial statements. Accordingly, the Company continues to adopt the going concern basis in preparing its financial statements. Subsidiaries: The accompanying consolidated financial statements include the following entities, owned and chartered-in vessels: Country of incorporation Statements of operations Company name Vessel name 2016 2015 2014 Libra Shipping Enterprises Corporation Navios Libra II Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Alegria Shipping Corporation Navios Alegria Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Felicity Shipping Corporation Navios Felicity Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Gemini Shipping Corporation Navios Gemini S Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Galaxy Shipping Corporation Navios Galaxy I Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Aurora Shipping Enterprises Ltd. Navios Hope Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Palermo Shipping S.A. Navios Apollon Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Fantastiks Shipping Corporation Navios Fantastiks Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Sagittarius Shipping Corporation Navios Sagittarius Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Hyperion Enterprises Inc. Navios Hyperion Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Chilali Corp. Navios Aurora II Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Surf Maritime Co. Navios Pollux Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Pandora Marine Inc. Navios Melodia Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Customized Development S.A. Navios Fulvia Liberia 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Kohylia Shipmanagement S.A. Navios Luz Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Orbiter Shipping Corp. Navios Orbiter Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Floral Marine Ltd. Navios Buena Ventura Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Golem Navigation Limited Navios Soleil Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Kymata Shipping Co. Navios Helios Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Joy Shipping Corporation Navios Joy Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Micaela Shipping Corporation Navios Harmony Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Pearl Shipping Corporation Navios Sun Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/18 - 12/31 Velvet Shipping Corporation Navios La Paix Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/07 - 12/31 Perigiali Navigation Limited(***) Navios Beaufiks Marshall Is. 12/30 - 12/31 — — Rubina Shipping Corporation Hyundai Hongkong Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Topaz Shipping Corporation Hyundai Singapore Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Beryl Shipping Corporation Hyundai Tokyo Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Cheryl Shipping Corporation Hyundai Shanghai Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Christal Shipping Corporation Hyundai Busan Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Fairy Shipping Corporation YM Utmost Marshall Is. 1/01 - 12/31 1/01 - 12/31 8/29 - 12/31 Limestone Shipping Corporation YM Unity Marshall Is. 1/01 - 12/31 1/01 - 12/31 10/28 -12/31 Dune Shipping Corp. (**) MSC Cristina Marshall Is. 1/01 - 12/31 4/22 - 12/31 — Citrine Shipping Corporation — Marshall Is. — — — Chartered-in vessels Prosperity Shipping Corporation Navios Prosperity Marshall Is. — 1/01 - 03/05 1/01 - 12/31 Aldebaran Shipping Corporation Navios Aldebaran Marshall Is. — 1/01 - 02/28 1/01 - 12/31 Other JTC Shipping and Trading Ltd (*) Holding Company Malta 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Navios Maritime Partners L.P. N/A Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Navios Maritime Operating LLC N/A Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Navios Partners Finance (US) Inc. Co-Borrower Delaware 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Navios Partners Europe Finance Inc. Sub-Holding Company Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 (*) Not a vessel-owning subsidiary and only holds right to charter-in contracts. (**) The vessel has been classified as held for sale and was sold on January 12, 2017 (see Note 23). (***) The vessel was acquired on December 30, 2016 (see Note 6).
Equity method investments	(c) Equity method investments: Navios Partners evaluates its investments with equity method, for other than temporary impairment, on a quarterly basis. Consideration is given to (1) the length of time and the extent to which the fair value has been less than the carrying value, (2) the financial condition and near-term prospects and (3) the intent and ability of the Company to retain its investments for a period of time sufficient to allow for any anticipated recovery in fair value.
Use Of Estimates	(d) Use of Estimates:
Cash And Cash equivalents	(e) Cash and Cash equivalents:
Restricted Cash	(f) Restricted Cash
Accounts Receivable, net	(g) Accounts Receivable, net:
Vessels, net	(h) Vessels, net: Depreciation is computed using the straight line method over the useful life of the vessels, after considering the estimated residual value. Management estimates the residual values of our drybulk vessels based on a scrap value cost of steel times the weight of the ship noted in lightweight ton (LWT). Residual values are periodically reviewed and revised to recognize changes in conditions, new regulations or other reasons. Revisions of residual values affect the depreciable amount of the vessels and affects depreciation expense in the period of the revision and future periods. The management after considering current market trends for scrap rates and 10-year average historical scrap rates of the residual values of the Company's vessels, estimates scrap value at a rate of $340 per LWT. Management estimates the useful life of drybulk and container vessels to be 25 and 30 years, respectively, from the vessel's original construction. However, when regulations place limitations over the ability of a vessel to trade on a worldwide basis, its useful life is re-estimated to end at the date such regulations become effective.
Vessel held for sale	(i) Vessel held for sale: Vessels are classified as “Vessel held for sale” when all of the following criteria are met: management has committed to a plan to sell the vessel; the vessel is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of vessels; an active program to locate a buyer and other actions required to complete the plan to sell the vessel have been initiated; the sale of the vessel is probable and transfer of the vessel is expected to qualify for recognition as a completed sale within one year; the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Vessels classified as held for sale are measured at the lower of their carrying amount or fair value less cost to sell. These vessels are not depreciated once they meet the criteria to be held for sale.
Deferred Drydock and Special Survey costs	(j) Deferred Drydock and Special Survey costs: Costs capitalized as part of the drydocking or special survey consist principally of the actual costs incurred at the yard and expenses relating to spare parts, paints, lubricants and services incurred solely during the drydocking or special survey period. For the years ended December 31, 2016, 2015 and 2014, the amortization expense was $6,381, $4,043 and $761, respectively. In each of October 2013, August 2014, February 2015 and February 2016, Navios Partners amended its existing Management Agreement with the Manager, a subsidiary of Navios Holdings, to fix the fees for ship management services of its owned fleet at: (a) $4.10 daily rate per Ultra-Handymax vessel; (b) $4.20 daily rate per Panamax vessel; (c) $5.25 daily rate per Capesize vessel; (d) $6.70 daily rate per Container vessel of TEU 6,800; (e) $7.40 daily rate per Container vessel of more than TEU 8,000; and (f) $8.75 daily rate per very large Container vessel of more than TEU 13,000 through December 31, 2017. Drydocking expenses under this agreement are reimbursed by Navios Partners at cost at occurrence. Effective from August 31, 2016, Navios Partners could, upon request to Navios Holdings, partially or fully defer the reimbursement of dry docking and other extraordinary fees and expenses under the Management Agreement to a later date, but not later than January 5, 2018, and if reimbursed on a later date, such amounts would bear interest at a rate of 1% per annum over LIBOR.
Impairment of long lived assets	(k) Impairment of long lived assets: Undiscounted projected net operating cash flows are determined for each vessel and compared to the vessel carrying value of the vessel and related carrying value of the intangible with respect to the time charter agreement attached to that vessel. Within the shipping industry, vessels are customarily bought and sold with a charter attached. The value of the charter may be favorable or unfavorable when comparing the charter rate to then current market rates. The loss recognized either on impairment (or on disposition) will reflect the excess of carrying value over fair value (selling price) for the vessel asset group. During the fourth quarter of fiscal 2016, management concluded that events occurred and circumstances had changed, which indicated that potential impairment of Navios Partners' long-lived assets may exist. These indicators included continued deterioration in the spot market, and the related impact of the current drybulk and container sector has on management's expectation for future revenues. As a result, an impairment assessment of long-lived assets was performed. Navios Partners determined undiscounted projected net operating cash flows for each vessel and compared it to the vessel's carrying value together with the carrying value of deferred drydock and special survey costs related to the vessel and the carrying value of the related intangible assets, if applicable. The significant factors and assumptions used in the undiscounted projected net operating cash flow analysis included: determining the projected net operating cash flows by considering the charter revenues from existing time charters for the fixed fleet days (Navios Partners' remaining charter agreement rates) and an estimated daily time charter equivalent for the unfixed days (based on a combination of one-year average historical time charter rates for the first year and 10-year average historical one-year time charter rates for the remaining period, adjusted for outliers) over the remaining economic life of each vessel, net of brokerage and address commissions and excluding days of scheduled off-hires, management fees fixed until December 2017 and thereafter assuming an increase of 3.0% every second year and utilization rate of 98.6% based on the fleet's historical performance. The assessment concluded that step two of the impairment analysis was not required and no impairment of vessels and the intangible assets existed as of December 31, 2016, as the undiscounted projected net operating cash flows exceeded the carrying value. In the event that impairment would occur, the fair value of the related asset would be determined and an impairment charge would be recorded to operations calculated by comparing the asset's carrying value to its fair value. Fair value is estimated primarily through the use of third-party valuations performed on an individual vessel basis. Although management believes the underlying assumptions supporting this assessment are reasonable, if charter rate trends and the length of the current market downturn, vary significantly from our forecasts, management may be required to perform step two of the impairment analysis in the future that could expose Navios Partners to material impairment charges in the future. As of December 31, 2016, an impairment loss of $27,201 was recognized in connection with the committed sale of the MSC Cristina and the Navios Apollon as the carrying amount of each asset group was not recoverable and exceeded its fair less costs to sell (see note 6 and note 7). The impairment loss was included under "Vessel impairment losses" in the consolidated Statements of Operations. Impairment loss recognized amounted to $27,201, $0 and $0 for the years ended December 31, 2016, 2015 and 2014, respectively.
Investments in Debt Securities	(l) Investments in Debt Securities: The Company classifies its debt securities as held-to-maturity based on management's positive intent and ability to hold to maturity. These securities are reported at amortized cost, subject to impairment. Management evaluates securities for other than temporary impairment on a quarterly basis. An investment is considered impaired if the fair value of the investment is less than its amortized cost. Consideration is given to: 1) if the Company intends to sell the security (that is, it has decided to sell the security); 2) it is more likely than not that the Company will be required to sell the security before the recovery of its (entire) amortized cost basis; or 3) a credit loss exists (that is, the Company does not expect to recover the entire amortized cost basis of the security (the present value of cash flows expected to be collected is less than the amortized cost basis of the security).
Deferred Financing Cost	(m) Deferred financing cost:
Intangible assets and liabilities	(n) Intangible assets and liabilities: The amortizable value of favorable and unfavorable leases is amortized over the remaining life of the lease term and the amortization expense is included in the statement of operations in the depreciation and amortization line item. The amortizable value of favorable leases would be considered impaired if their fair market values could not be recovered from the future undiscounted cash flows associated with the asset. Management, after considering various indicators, performed on impairment test which included intangible assets as described in paragraph (k) above. As of December 31, 2016, there was no impairment of intangible assets.
Foreign currency translation	(o) Foreign currency translation:
Provisions	(p) Provisions:
Segment Reporting	(q) Segment Reporting:
Revenue and Expense Recognition	(r) Revenue and Expense Recognition: Revenue Recognition: Voyage revenues for the transportation of cargo are recognized ratably over the estimated relative transit time of each voyage. Voyage expenses are recognized as incurred. A voyage is deemed to commence when a vessel is available for loading and is deemed to end upon the completion of the discharge of the current cargo. Estimated losses on voyages are provided for in full at the time such losses become evident. Under a voyage charter, a vessel is provided for the transportation of specific goods between specific ports in return for payment of an agreed upon freight per ton of cargo. Revenues from time chartering of vessels are accounted for as operating leases and are thus recognized on a straight line basis as the average minimum lease revenue over the rental periods of such charter agreements, as service is performed. A time charter involves placing a vessel at the charterers' disposal for a period of time during which the charterer uses the vessel in return for the payment of a specified daily hire rate. Under time charters, operating costs such as for crews, maintenance and insurance are typically paid by the owner of the vessel. Profit-sharing revenues are calculated at an agreed percentage of the excess of the charterer's average daily income over an agreed amount and accounted for on an accrual basis based on provisional amounts and for those contracts that provisional accruals cannot be made due to the nature of the profit share elements, these are accounted for on the actual cash settlement. Profit sharing for the years ended December 31, 2016, 2015 and 2014 amounted to $(9,123), $(2,559) and $205, respectively. Revenues are recorded net of address commissions. Address commissions represent a discount provided directly to the charterers based on a fixed percentage of the agreed upon charter or freight rate. Since address commissions represent a discount (sales incentive) on services rendered by the Company and no identifiable benefit is received in exchange for the consideration provided to the charterer, these commissions are presented as a reduction of revenue. For vessels operating in pooling arrangements, the Company earns a portion of total revenues generated by the pool, net of expenses incurred by the pool. The amount allocated to each pool participant vessel, including the Company's vessels, is determined in accordance with an agreed-upon formula, which is determined by points awarded to each vessel in the pool based on the vessel's age, design and other performance characteristics. Revenue under pooling arrangements is accounted for on the accrual basis and is recognized when an agreement with the pool exists, price is fixed, service is provided and the collectability is reasonably assured. Revenue for vessels operating in pooling arrangements amounted to $3,949, $0 and $0, for the years ended December 31, 2016, 2015 and 2014, respectively. The allocation of such net revenue may be subject to future adjustments by the pool however, such changes are not expected to be material. Time charter and voyage expenses: Direct vessel expenses: Direct vessel expenses comprise the amortization related to drydock and special survey costs of certain vessels of Navios Partners' fleet. Management fees: General and administrative expenses: Deferred revenue: Prepaid voyage costs: Inventory:
Financial Instruments	(s) Financial Instruments: Financial risk management: Credit risk: Financial instruments that potentially subject Navios Partners to concentrations of credit risk are accounts receivable and cash and cash equivalents. Navios Partners does not believe its exposure to credit risk is likely to have a material adverse effect on its financial position, results of operations or cash flows. For the year ended December 31, 2016, our most significant counterparties representing 10% or more of total revenues were Hyundai Merchant Marine Co., Ltd., Yang Ming Marine Transport Corporation and Mediterranean Shipping Co. S.A. which accounted for approximately 29.6%, 13.0% and 11.6%, respectively, of total revenues. For the year ended December 31, 2015, Navios Partners' customers representing 10% or more of total revenues were Hyundai Merchant Marine Co., Ltd., Navios Corporation and Yang Ming Marine Transport Corporation, which accounted for 24.0%, 17.4% and 11.4%, respectively, of total revenues. For the year ended December 31, 2014, Navios Partners' customers representing 10% or more of total revenues were Hyundai Merchant Marine Co., Ltd and Navios Corporation, which accounted for 24.4% and 11.0%, respectively, of total revenues. No other customers accounted for 10% or more of total revenues for any of the years presented. Foreign exchange risk:
Cash Distribution	(t) Cash Distribution: Available Cash: • less the amount of cash reserves established by the board of directors to: • provide for the proper conduct of the business (including reserve for Maintenance and Replacement Capital Expenditures) • comply with applicable law, any of Navios Partners' debt instruments, or other agreements; or • provide funds for distributions to the unitholders and to the general partner for any one or more of the next four quarters; • plus all cash on hand on the date of determination of Available Cash for the quarter resulting from working capital borrowings made after the end of the quarter. Working capital borrowings are generally borrowings that are made under any revolving credit or similar agreement used solely for working capital purposes or to pay distributions to partners. Available Cash is a quantitative measure used in the publicly traded partnership investment community to assist in evaluating a partnership's ability to make quarterly cash distributions. Available Cash is not required by US GAAP and should not be considered as an alternative to net income or any other indicator of Navios Partners' performance required by US GAAP. Maintenance and Replacement Capital Expenditures:
Equity compensation expense	(u) Equity compensation expense:
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2017, FASB issued Accounting Standard Update No. 2017-01, “Business Combinations” to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisition (or disposals) of assets or businesses. Under current implementation guidance the existence of an integrated set of acquired activities (inputs and processes that generate outputs) constitutes an acquisition of business. This ASU provides a screen to determine when a set of assets and activities does not constitute a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. This update is effective for public entities with reporting periods beginning after December 15, 2017, including interim periods within those years. The amendments of this ASU should be applied prospectively on or after the effective date. Early adoption is permitted, including adoption in an interim period 1) for transactions for which the acquisition date occurs before the issuance date or effective date of the ASU, only when the transaction has not been reported in financial statements that have been issued or made available for issuance and 2) for transactions in which a subsidiary is deconsolidated or a group of assets is derecognized that occur before the issuance date or effective date of the amendments, only when the transaction has not been reported in financial statements that have been issued or made available for issuance. The Company is currently assessing the impact that adopting this new accounting guidance will have on its consolidated financial statements. In January 2017, FASB issued Accounting Standard Update No. 2017-03 "Accounting Changes and Error Corrections (Topic 250) and Investments-Equity Method and Joint Ventures (Topic 323)." The ASU amends the Codification for SEC staff announcements made at recent Emerging Issues Task Force (EITF) meetings. The SEC guidance that specifically relates to our Consolidate Financial Statement was from the September 2016 meeting, where the SEC staff expressed their expectations about the extent of disclosures registrants should make about the effects of the new FASB guidance as well as any amendments issued prior to adoption, on revenue (ASU 2014-09), leases (ASU 2016-02) and credit losses on financial instruments (ASU 2016-13) in accordance with SAB Topic 11.M. Registrants are required to disclose the effect that recently issued accounting standards will have on their financial statements when adopted in a future period. In cases where a registrant cannot reasonably estimate the impact of the adoption, then additional qualitative disclosures should be considered. The ASU incorporates these SEC staff views into ASC 250 and adds references to that guidance in the transition paragraphs of each of the three new standards. The adoption of this new accounting guidance did not have a material effect on the Company's Consolidated Financial Statements. In November 2016, FASB issued Accounting Standards Update No. 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash”. This update addresses the classification and presentation of changes in restricted cash on the statement of cash flows under Topic 230, Statement of Cash Flows. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for all entities. The Company is currently assessing the impact that adopting this new accounting guidance will have on its consolidated financial statements. In August 2016, FASB issued Accounting Standards Update No. 2016-15, “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments”. This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for all entities. The Company is currently assessing the impact that adopting this new accounting guidance will have on its consolidated financial statements. In March 2016, FASB issued Accounting Standards Update No. 2016-09, “Compensation—Stock Compensation (Topic 718)”, which simplifies several aspects of accounting for share-based compensation including the tax consequences, classification of awards as equity or liabilities, forfeitures and classification on the statement of cash flows. This update is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early application is permitted. The adoption of this new accounting guidance did not have a material effect on the Company's Consolidated Financial Statements. In February 2016, FASB issued Accounting Standards Update No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). ASU 2016-02 will apply to both types of leases - capital (or finance) leases and operating leases. According to the new Accounting Standard, lessees will be required to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months. ASU 2016 - 02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. The Company is currently assessing the impact that adopting this new accounting guidance will have on its consolidated financial statements and footnotes disclosures. In January 2016, FASB issued Accounting Standards Update No. 2016-01, “Financial Instruments—Overall (Subtopic 825-10) - Recognition and Measurement of Financial Assets and Financial Liabilities”. The amendments in this update require an entity (i) to measure equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) at fair value with changes in fair value recognized in net income; (ii) to perform a qualitative assessment to identify impairment in equity investments without readily determinable fair values; (iii) to present separately in other comprehensive income the fair value of a liability resulting from a change in the instrument-specific credit risk; and (iv) to present separately financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet. The amendments also eliminate the requirement, for public business entities, to disclose the methods and significant assumptions used to estimate the fair value of financial instruments measured at amortized cost on the balance sheet and clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity's other deferred tax assets. For public business entities, the update is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this new standard is not expected to have a material impact on the Company's results of operations, financial position or cash flows. In August 2014, FASB issued Accounting Standards Update No. 2014-15, “Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties About an Entity's Ability to Continue as a Going Concern”. This standard requires management to assess an entity's ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. Before this new standard, no accounting guidance existed for management on when and how to assess or disclose going concern uncertainties. The amendments are effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. The adoption of the new standard is not expected to have a material impact on Navios Partners' results of operations, financial position or cash flows. In May 2014, FASB issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers”, clarifying the method used to determine the timing and requirements for revenue recognition on the statements of income. Under the new standard, an entity must identify the performance obligations in a contract, the transaction price and allocate the price to specific performance obligations to recognize the revenue when the obligation is completed. The amendments in this update also require disclosure of sufficient information to allow users to understand the nature, amount, timing and uncertainty of revenue and cash flow arising from contracts. The new accounting guidance is effective for interim and annual periods beginning after December 15, 2016. In August 2015, FASB issued Accounting Standard Update No. 2015-14 which deferred the effective date of ASU 2014-09 for all entities by one year. The standard will be effective for public entities for annual reporting periods beginning after December 15, 2017 and interim periods therein. The Company is currently assessing the impact that adopting this new accounting guidance will have its consolidated financial statements.

Basis of presentation (Tables)

Basis of presentation (Tables)	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Entities included in consolidation	Country of incorporation Statements of operations Company name Vessel name 2016 2015 2014 Libra Shipping Enterprises Corporation Navios Libra II Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Alegria Shipping Corporation Navios Alegria Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Felicity Shipping Corporation Navios Felicity Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Gemini Shipping Corporation Navios Gemini S Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Galaxy Shipping Corporation Navios Galaxy I Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Aurora Shipping Enterprises Ltd. Navios Hope Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Palermo Shipping S.A. Navios Apollon Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Fantastiks Shipping Corporation Navios Fantastiks Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Sagittarius Shipping Corporation Navios Sagittarius Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Hyperion Enterprises Inc. Navios Hyperion Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Chilali Corp. Navios Aurora II Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Surf Maritime Co. Navios Pollux Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Pandora Marine Inc. Navios Melodia Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Customized Development S.A. Navios Fulvia Liberia 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Kohylia Shipmanagement S.A. Navios Luz Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Orbiter Shipping Corp. Navios Orbiter Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Floral Marine Ltd. Navios Buena Ventura Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Golem Navigation Limited Navios Soleil Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Kymata Shipping Co. Navios Helios Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Joy Shipping Corporation Navios Joy Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Micaela Shipping Corporation Navios Harmony Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Pearl Shipping Corporation Navios Sun Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/18 - 12/31 Velvet Shipping Corporation Navios La Paix Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/07 - 12/31 Perigiali Navigation Limited(***) Navios Beaufiks Marshall Is. 12/30 - 12/31 — — Rubina Shipping Corporation Hyundai Hongkong Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Topaz Shipping Corporation Hyundai Singapore Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Beryl Shipping Corporation Hyundai Tokyo Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Cheryl Shipping Corporation Hyundai Shanghai Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Christal Shipping Corporation Hyundai Busan Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Fairy Shipping Corporation YM Utmost Marshall Is. 1/01 - 12/31 1/01 - 12/31 8/29 - 12/31 Limestone Shipping Corporation YM Unity Marshall Is. 1/01 - 12/31 1/01 - 12/31 10/28 -12/31 Dune Shipping Corp. (**) MSC Cristina Marshall Is. 1/01 - 12/31 4/22 - 12/31 — Citrine Shipping Corporation — Marshall Is. — — — Chartered-in vessels Prosperity Shipping Corporation Navios Prosperity Marshall Is. — 1/01 - 03/05 1/01 - 12/31 Aldebaran Shipping Corporation Navios Aldebaran Marshall Is. — 1/01 - 02/28 1/01 - 12/31 Other JTC Shipping and Trading Ltd (*) Holding Company Malta 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Navios Maritime Partners L.P. N/A Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Navios Maritime Operating LLC N/A Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Navios Partners Finance (US) Inc. Co-Borrower Delaware 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 Navios Partners Europe Finance Inc. Sub-Holding Company Marshall Is. 1/01 - 12/31 1/01 - 12/31 1/01 - 12/31 (*) Not a vessel-owning subsidiary and only holds right to charter-in contracts. (**) The vessel has been classified as held for sale and was sold on January 12, 2017 (see Note 23). (***) The vessel was acquired on December 30, 2016 (see Note 6).

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2016
CASH AND CASH EQUIVALENTS [Abstract]
Cash and cash equivalents	December 31, December 31, Cash on hand and at banks $ 17,360 $ 26,332 Short-term deposits and highly liquid funds — 418 Total cash and cash equivalents $ 17,360 $ 26,750

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2016
Accounts Receivable Net [Abstract]
Accounts Receivable Lessen By Provision for Doubtful Receivables	December 31, December 31, Accounts receivable $ 10,022 $ 3,999 Less: Provision for doubtful receivables — — Accounts receivable, net $ 10,022 $ 3,999
Changes To Provisions For Doubtful Receivables	Allowance for doubtful receivables Balance Charges and Amount Balance at end of Year ended December 31, 2016 $ — $ — $ — $ — Year ended December 31, 2015 $ (49) $ — $ 49 $ — Year ended December 31, 2014 $ (613) $ — $ 564 $ (49)

Prepaid Expenses and Other Cu35

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Prepaid Expenses And Other Assets [Abstract]
Prepaid Expenses And Other Current Assets	December 31, December 31, Prepaid voyage costs $ 27 $ 137 Inventory 220 1,160 Other 1,353 — Total prepaid expenses and other current assets $ 1,600 $ 1,297

Vessels, Net (Tables)

Vessels, Net (Tables)	12 Months Ended
	Dec. 31, 2016
VESSELS, NET [Abstract]
Vessels, Net	Vessels Cost Accumulated Net Book Balance December 31, 2014 $ 1,358,348 $ (218,922) $ 1,139,426 Additions 147,840 (57,217) 90,623 Balance December 31, 2015 $ 1,506,188 $ (276,139) $ 1,230,049 Additions 15,341 (55,983) (40,642) Vessel impairment losses (42,231) 15,030 (27,201) Transfer to vessel held for sale (see Note 7) (125,000) — (125,000) Balance December 31, 2016 $ 1,354,298 $ (317,092) $ 1,037,206

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2016
INTANGIBLE ASSETS [Abstract]
Intangible Assets	Cost Accumulated Net Book Value Amortization Favorable lease terms December 31, 2014 $ 158,987 $ (84,932) $ 74,055 Additions — (18,716 ) (18,716 ) Write-off (31,199 ) 31,199 — Favorable lease terms December 31, 2015 $ 127,788 $ (72,449) $ 55,339 Additions — (15,861 ) (15,861 ) Accelerated amortization (44,072 ) 23,546 (20,526 ) Favorable lease terms December 31, 2016 $ 83,716 $ (64,764) $ 18,952
Amortization of Favorable Lease Terms	Year Ended December 31, December 31, December 31, 2016 2015 2014 Favorable lease terms $ (15,861 ) $ (18,716 ) $ (23,287 ) Acceleration of favorable lease terms (20,526 ) — (22,063 ) Total $ (36,387) $ (18,716 ) $ (45,350)
Aggregate Amortizations of Intangible Assets	Year Amount 2017 $ 10,871 2018 3,748 2019 1,166 2020 1,166 2021 1,166 2022 and thereafter 835 $ 18,952

Accounts Payable (Tables)

Accounts Payable (Tables)	12 Months Ended
	Dec. 31, 2016
Accounts Payable Current And Noncurrent [Abstract]
Accounts Payable	December 31, December 31, Creditors $ 766 $ 329 Brokers 1,796 2,112 Insurances 35 149 Professional and legal fees 679 116 Total accounts payable $ 3,276 $ 2,706

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2016
Accrued Liabilities Current And Noncurrent [Abstract]
Accrued Expenses	December 31, December 31, Accrued voyage expenses $ 1,526 $ 1,411 Accrued loan interest 700 864 Accrued legal and professional fees 2,219 241 Total accrued expenses $ 4,445 $ 2,516

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Borrowings	December 31, December 31, Term Loan B facility $ 386,292 $ 411,292 Credit facilities 141,805 194,569 Total borrowings $ 528,097 $ 605,861 Less: Long-term unamortized discount (1,471) (2,464) Less: Current portion of long-term debt, net (74,031) (23,336) Less: Deferred financing costs, net (2,850) (5,319) Long-term debt, net $ 449,745 $ 574,742
Maturities of Long Term Debt	Year Amount 2017 $ 76,767 2018 392,204 2019 5,913 2020 5,913 2021 5,913 2022 and thereafter 41,387 $ 528,097

Fair Value of Financial Instr41

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
Derivative Fair Value Of Financial Instruments [Abstract]
Fair value of financial instruments	December 31, 2016 December 31, 2015 Book Value Fair Value Book Value Fair Value Cash and cash equivalents $ 17,360 $ 17,360 $ 26,750 $ 26,750 Restricted cash $ 7,728 $ 7,728 $ 7,789 $ 7,789 Loans receivable from affiliates $ 2,422 $ 2,422 $ 1,521 $ 1,521 Amounts due to related parties, short-term $ — $ — $ (8,680 ) $ (8,680 ) Amounts due to related parties, long-term $ 11,105 $ 11,105 $ — $ — Amounts due from related parties $ 19,639 $ 19,639 $ — $ — Term Loan B facility, net $ (382,653 ) $ (360,700 ) $ (404,977 ) $ (406,410 ) Other long-term debt, net $ (141,124 ) $ (141,805 ) $ (193,102 ) $ (194,569 ) Notes receivable $ 6,112 $ 6,112 $ — $ —
Fair value measurements on a nonrecurring basis	Fair Value Measurements at December 31, 2016 Total Level I Level II Level III Cash and cash equivalents $ 17,360 $ 17,360 $ — $ — Restricted cash $ 7,728 $ 7,728 $ — $ — Loans receivable from affiliates $ 2,422 $ — $ 2,422 $ — Amounts due to related parties, long-term $ 11,105 $ 11,105 $ — $ — Term Loan B facility, net (1) $ (360,700 ) $ — $ (360,700 ) $ — Other long-term debt, net (1) $ (141,805 ) $ — $ (141,805 ) $ — Notes receivable (2) $ 6,112 $ — $ 6,112 $ — Fair Value Measurements at December 31, 2016 Total Level I Level II Level III Vessel held for sale $ 125,000 $ — $ 125,000 $ — Vessels, net (for Navios Apollon) $ 4,750 $ — $ 4,750 $ — Fair Value Measurements at December 31, 2015 Total Level I Level II Level III Cash and cash equivalents $ 26,750 $ 26,750 $ — $ — Restricted cash $ 7,789 $ 7,789 $ — $ — Loans receivable from affiliates $ 1,521 $ — $ 1,521 $ — Term Loan B facility, net (1) $ (406,410 ) $ — $ (406,410 ) $ — Other long-term debt, net (1) $ (194,569 ) $ — $ (194,569 ) $ — (1) The fair value of the Company's debt is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account our creditworthiness. (2) The fair value is estimated based on currently available information on the Company's counterparty with similar contract terms, interest rate and remaining maturities.

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2016
SEGMENT INFORMATION [Abstract]
Segments Summarized Financial Information	Year Ended Year Ended Year Ended Asia $ 112,019 $ 133,542 $ 125,572 Europe 54,006 70,121 64,858 North America 13,364 10,557 19,943 Australia 11,135 9,456 16,983 Total $ 190,524 $ 223,676 $ 227,356

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2016
LEASES [Abstract]
Leases	Amount 2017 $ 112,434 2018 82,445 2019 54,688 2020 65,862 2021 65,682 2022 and thereafter 306,965 $ 688,076

Cash Distributions and Earnin44

Cash Distributions and Earnings per Unit (Tables)	12 Months Ended
	Dec. 31, 2016
CASH DISTRIBUTIONS AND EARNINGS PER UNIT [Abstract]
Schedule of incentive distributions made to General Partners or Unitholders by distribution	Marginal Percentage Total Quarterly Distribution Common General Minimum Quarterly Distribution up to $0.35 98 % 2 % First Target Distribution up to $0.4025 98 % 2 % Second Target Distribution above $0.4025 up to $0.4375 85 % 15 % Third Target Distribution above $0.4375 up to $0.525 75 % 25 % Thereafter above $0.525 50 % 50 %
Schedule of earnings per unit, basic and diluted	Year Ended Year Ended Year Ended December 31, December 31, December 31, 2016 2015 2014 Net (loss)/ income $ (52,549 ) $ 41,805 $ 74,853 Earnings attributable to: Common unit holders (51,498 ) 39,825 71,225 Weighted average units outstanding (basic and diluted) Common unit holders 83,107,066 82,437,128 76,587,656 Earnings per unit (basic and diluted): Common unit holders $ (0.62 ) $ 0.48 $ 0.93 Earnings per unit — distributed (basic and diluted): Common unit holders $ — $ 1.11 $ 1.79 Loss per unit — undistributed (basic and diluted): Common unit holders $ (0.62 ) $ (0.63 ) $ (0.86 )

Description of Business (Detail

Description of Business (Details) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Entity Information [Line Items]
General partner, Name	Navios GP L.L.C.
Formation date	Aug. 7, 2007
Date of initial public offering	Nov. 16, 2007
Common units outstanding	83,323,911	83,079,710
General partner units outstanding	1,700,493	1,695,509
Navios Holdings
Entity Information [Line Items]
Ownership percentage of Navios Holdings	20.00%
Navios Holdings' general partner interest in Navios Partners	2.00%
Common units outstanding	15,344,310

Summary of Significant Accoun46

Summary of Significant Accounting Policies - Schedule of Entities (Table) (Details)	12 Months Ended
	Dec. 31, 2016
Libra Shipping Enterprises Corporation
Entity Information [Line Items]
Vessel name	Navios Libra II
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Alegria Shipping Corporation
Entity Information [Line Items]
Vessel name	Navios Alegria
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Felicity Shipping Corporation
Entity Information [Line Items]
Vessel name	Navios Felicity
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Gemini Shipping Corporation
Entity Information [Line Items]
Vessel name	Navios Gemini S
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Galaxy Shipping Corporation
Entity Information [Line Items]
Vessel name	Navios Galaxy I
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Aurora Shipping Enterprises Ltd.
Entity Information [Line Items]
Vessel name	Navios Hope
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Palermo Shipping S.A.
Entity Information [Line Items]
Vessel name	Navios Apollon
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Fantastiks Shipping Corporation
Entity Information [Line Items]
Vessel name	Navios Fantastiks
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Sagittarius Shipping Corporation
Entity Information [Line Items]
Vessel name	Navios Sagittarius
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Hyperion Enterprises Inc.
Entity Information [Line Items]
Vessel name	Navios Hyperion
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Chilali Corp.
Entity Information [Line Items]
Vessel name	Navios Aurora II
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Surf Maritime Co.
Entity Information [Line Items]
Vessel name	Navios Pollux
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Pandora Marine Inc.
Entity Information [Line Items]
Vessel name	Navios Melodia
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Customized Development S.A.
Entity Information [Line Items]
Vessel name	Navios Fulvia
Country of incorporation	Liberia
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Kohylia Shipmanagement S.A.
Entity Information [Line Items]
Vessel name	Navios Luz
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Orbiter Shipping Corp.
Entity Information [Line Items]
Vessel name	Navios Orbiter
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Floral Marine Ltd.
Entity Information [Line Items]
Vessel name	Navios Buena Ventura
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Golem Navigation Limited
Entity Information [Line Items]
Vessel name	Navios Soleil
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Kymata Shipping Co.
Entity Information [Line Items]
Vessel name	Navios Helios
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Joy Shipping Corporation
Entity Information [Line Items]
Vessel name	Navios Joy
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Micaela Shipping Corporation
Entity Information [Line Items]
Vessel name	Navios Harmony
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Pearl Shipping Corporation
Entity Information [Line Items]
Vessel name	Navios Sun
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/18 - 12/31
Velvet Shipping Corporation
Entity Information [Line Items]
Vessel name	Navios La Paix
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/07 - 12/31
Perigiali Navigation Limited
Entity Information [Line Items]
Vessel name	Navios Beaufiks
Country of incorporation	Marshall Is.
Statements of income
2,016	12/30-12/31
Rubina Shipping Corporation
Entity Information [Line Items]
Vessel name	Hyundai Hongkong
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Topaz Shipping Corporation
Entity Information [Line Items]
Vessel name	Hyundai Singapore
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Beryl Shipping Corporation
Entity Information [Line Items]
Vessel name	Hyundai Tokyo
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Cheryl Shipping Corporation
Entity Information [Line Items]
Vessel name	Hyundai Shanghai
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Christal Shipping Corporation
Entity Information [Line Items]
Vessel name	Hyundai Busan
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Fairy Shipping Corporation
Entity Information [Line Items]
Vessel name	YM Utmost
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	8/29 - 12/31
Limestone Shipping Corporation
Entity Information [Line Items]
Vessel name	YM Unity
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	10/28 - 12/31
Dune Shipping Corp.
Entity Information [Line Items]
Vessel name	MSC Cristina
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	4/22 - 12/31
Citrine Shipping Corporation
Entity Information [Line Items]
Country of incorporation	Marshall Is.
Prosperity Shipping Corporation | Chartered-in vessels
Entity Information [Line Items]
Vessel name	Navios Prosperity
Country of incorporation	Marshall Is.
Statements of income
2,015	1/01 - 3/05
2,014	1/01 - 12/31
Aldebaran Shipping Corporation | Chartered-in vessels
Entity Information [Line Items]
Vessel name	Navios Aldebaran
Country of incorporation	Marshall Is.
Statements of income
2,015	1/01 - 2/28
2,014	1/01 - 12/31
JTC Shipping and Trading Ltd | Other
Entity Information [Line Items]
Vessel name	Holding Company
Country of incorporation	Malta
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Navios Maritime Partners L.P. | Other
Entity Information [Line Items]
Vessel name	N/A
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Navios Maritime Operating LLC | Other
Entity Information [Line Items]
Vessel name	N/A
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Navios Partners Finance (US) Inc. | Other
Entity Information [Line Items]
Vessel name	Co-Borrower
Country of incorporation	Delaware
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31
Navios Partners Europe Finance Inc. | Other
Entity Information [Line Items]
Vessel name	Sub-Holding Company
Country of incorporation	Marshall Is.
Statements of income
2,016	1/01 - 12/31
2,015	1/01 - 12/31
2,014	1/01 - 12/31

Summary of Significant Accoun47

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property Plant And Equipment [Line Items]
Restricted cash	$ 7,728,000	$ 7,789,000
Allowance for doubtful accounts	$ 0	0	$ 49,000	$ 613,000
Depreciation method	straight line
Scrap value per light weight ton	$ 340
Vessel impairment losses	27,201,000	0	0
Amortization of deferred drydock and special survey costs	$ 6,381,000	4,043,000	761,000
Annual growth factor of management fees	3.00%
Utilization rate of fleet	98.60%
Amortization and write-off of deferred financing cost and discount	$ 4,003,000	3,727,000	3,091,000
Foreign currency exchange gains/(losses)	$ 11,000	19,000	13,000
Percentage allocations of the additional available cash	100.00%
Distribution policy members or limited partners description	As per the Partnership Agreement, within 45 days following the end of each quarter, to the extent and as may be declared by the Board, an amount equal to 100% of Available Cash with respect to such quarter shall be distributed to the partners as of the record date selected by the Board of Directors.
Profit Sharing Arrangement	$ (9,123,000)	(2,559,000)	205,000
Revenue for Vessels	$ 190,524,000	223,676,000	227,356,000
Management Agreement | Late Reimbursement
Property Plant And Equipment [Line Items]
Interest rate description	LIBOR
Interest rate percentage	1.00%
Debt first required payment	Jan. 5, 2018
Drybulk vessels
Property Plant And Equipment [Line Items]
Vessel useful life	25 years
Container vessels
Property Plant And Equipment [Line Items]
Vessel useful life	30 years
Ultra-Handymax Vessels | Management Agreement
Property Plant And Equipment [Line Items]
Daily management fee	$ 4,100
Panamax Vessels | Management Agreement
Property Plant And Equipment [Line Items]
Daily management fee	4,200
Capesize Vessels | Management Agreement
Property Plant And Equipment [Line Items]
Daily management fee	5,250
Container Vessels of TEU 6,800 | Management Agreement
Property Plant And Equipment [Line Items]
Daily management fee	6,700
Container Vessels of more than TEU 8,000 | Management Agreement
Property Plant And Equipment [Line Items]
Daily management fee	7,400
Container Vessels of more than TEU 13,000 | Management Agreement
Property Plant And Equipment [Line Items]
Daily management fee	8,750
MSC Cristina and Navios Apollon
Property Plant And Equipment [Line Items]
Vessel impairment losses	27,201,000
Lease Agreements
Property Plant And Equipment [Line Items]
Revenue for Vessels	3,949,000	0	0
Letter Of Credit
Property Plant And Equipment [Line Items]
Restricted cash	5,500,000
Retention Accounts
Property Plant And Equipment [Line Items]
Restricted cash	2,228,000
Maintenance and Replacement
Property Plant And Equipment [Line Items]
Capital expenditures	11,899,000	$ 13,811,000	$ 24,047,000
Restricted Stock Units (RSUs)
Property Plant And Equipment [Line Items]
Compensation Expense	$ 93,000
Minimum
Property Plant And Equipment [Line Items]
Interval between vessel drydockings / special surveys	30 months
Maximum
Property Plant And Equipment [Line Items]
Interval between vessel drydockings / special surveys	60 months

Summary of Significant Accoun48

Summary of Significant Accounting Policies - Major Charterers (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Hyundai Merchant Marine Co., Ltd.
Entity Wide Revenue Major Customer [Line Items]
Customer revenue percentage	29.60%	24.00%	24.40%
Navios Corporation
Entity Wide Revenue Major Customer [Line Items]
Customer revenue percentage		17.40%	11.00%
Yang Ming Marine Transport Corporation
Entity Wide Revenue Major Customer [Line Items]
Customer revenue percentage	13.00%	11.40%
MediterraneanShipping Co. S.A.
Entity Wide Revenue Major Customer [Line Items]
Customer revenue percentage	11.60%

Cash and Cash Equivalents (Ta49

Cash and Cash Equivalents (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
CASH AND CASH EQUIVALENTS [Abstract]
Cash on hand and at banks	$ 17,360	$ 26,332
Short-term deposits and highly liquid funds	0	418
Total cash and cash equivalents	$ 17,360	$ 26,750	$ 99,495	$ 35,346

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Restricted Cash And Cash Equivalents Items [Line Items]
Money market funds with duration of less than three months	$ 0	$ 418
Restricted cash	7,728	$ 7,789
Retention Accounts
Restricted Cash And Cash Equivalents Items [Line Items]
Restricted cash	2,228
Letter Of Credit
Restricted Cash And Cash Equivalents Items [Line Items]
Restricted cash	$ 5,500

Accounts Receivable, Net (Tab51

Accounts Receivable, Net (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounts And Notes Receivable Net [Abstract]
Accounts receivable	$ 10,022	$ 3,999
Less: Provision for doubtful receivables	0	0	$ (49)	$ (613)
Accounts receivable, net	$ 10,022	$ 3,999

Accounts Receivable, Net - Allo

Accounts Receivable, Net - Allowance for Doubtful Receivables (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounts Receivable, Net [Abstract]
Balance at beginning of period	$ 0	$ (49)	$ (613)
Charges to costs and expenses	0	0	0
Amount utilized	0	49	564
Balance at end of period	$ 0	$ 0	$ (49)

Prepaid Expenses and Other Cu53

Prepaid Expenses and Other Current Assets (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Prepaid Expenses And Other Assets [Abstract]
Prepaid voyage costs	$ 27	$ 137
Inventory	220	1,160
Other	1,353	0
Total prepaid expenses and other current assets	$ 1,600	$ 1,297

Vessels, Net (Table) (Details)

Vessels, Net (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property Plant And Equipment [Line Items]
Balance	$ 1,230,049
Additions	(40,642)
Vessel impairment losses	(27,201)	$ 0	$ 0
Transfer to vessel held for sale (see Note 7)	(125,000)
Balance	1,037,206	1,230,049
Cost
Property Plant And Equipment [Line Items]
Balance	1,506,188	1,358,348
Additions	15,341	147,840
Vessel impairment losses	(42,231)
Transfer to vessel held for sale (see Note 7)	(125,000)
Balance	1,354,298	1,506,188	1,358,348
Accumulated Depreciation
Property Plant And Equipment [Line Items]
Balance	(276,139)		(218,922)
Additions	(55,983)	(57,217)
Vessel impairment losses	15,030
Balance	(317,092)	(276,139)
Net Book Value
Property Plant And Equipment [Line Items]
Balance	1,230,049	1,139,426
Additions		90,623
Additions	(40,642)
Vessel impairment losses	(27,201)
Transfer to vessel held for sale (see Note 7)	(125,000)
Balance	$ 1,037,206	$ 1,230,049	$ 1,139,426

Vessels, Net (Details)

Vessels, Net (Details) $ in Thousands	Jan. 09, 2017USD ($)	Jan. 07, 2014USD ($)	Jan. 18, 2014USD ($)	Apr. 22, 2015USD ($)	Aug. 29, 2014USD ($)	Oct. 28, 2014USD ($)	Dec. 31, 2016USD ($)	Dec. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Property Plant And Equipment [Line Items]
Vessel impairment losses							$ 27,201		$ 0	$ 0
Navios Beaufiks
Property Plant And Equipment [Line Items]
Vessel year built							2,004
Vessel type							Capesize
Capacity per each container in TEU							180,310
Acquisition cost								$ 15,341
MSC Cristina
Property Plant And Equipment [Line Items]
Vessel year built							2,011
Vessel type							Container
Capacity per each container in TEU							13,100
Acquisition cost				$ 147,840
Deposits for vessels acquisitions				$ 14,802
YM Unity
Property Plant And Equipment [Line Items]
Vessel year built							2,006
Vessel type							Container
Capacity per each container in TEU							8,204
Acquisition cost						$ 59,095
YM Utmost
Property Plant And Equipment [Line Items]
Vessel year built							2,006
Vessel type							Container
Capacity per each container in TEU							8,204
Acquisition cost					$ 59,092
Navios Sun
Property Plant And Equipment [Line Items]
Vessel year built							2,005
Vessel type							Panamax
Vessel capacity in DWT							76,619
Acquisition cost			$ 16,176
Deposits for vessels acquisitions			$ 1,583
Navios La Paix
Property Plant And Equipment [Line Items]
Vessel year built							2,014
Vessel type							Ultra-Handymax
Vessel capacity in DWT							61,485
Acquisition cost		$ 28,478
Deposits for vessels acquisitions		$ 5,688
Navios Apollon
Property Plant And Equipment [Line Items]
Vessel type							Ultra-Handymax
Vessel capacity in DWT							52,073
Navios Apollon | Subsequent Event
Property Plant And Equipment [Line Items]
Sale price agreed in Memorandum of Agreement	$ 4,750
Navios Apollon
Property Plant And Equipment [Line Items]
Vessel impairment losses							$ 10,008

Vessel Held for Sale (Details)

Vessel Held for Sale (Details) - MSC Cristina - Discontinued Operations, Held-for-sale $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Long Lived Assets Held-for-sale [Line Items]
Vessel held for sale	$ 125,000
Vessel impairment losses	$ 17,193

Intangible Assets (Table) (Deta

Intangible Assets (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
INTANGIBLE ASSETS [Abstract]
Favorable lease terms - Cost	$ 83,716	$ 127,788	$ 158,987
Write-off - Cost		(31,199)
Accelerated amortization - Cost	(44,072)
Favorable lease terms - Accumulated amortization	(64,764)	(72,449)	(84,932)
Additions - Accumulated Amortization	(15,861)	(18,716)
Accelerated amortization - Accumulated Amortization	23,546
Write-off - Accumulated Amortization		31,199
Favorable lease terms - Net Book Value	18,952	55,339	$ 74,055
Additions - Net Book Value	(15,861)	$ (18,716)
Accelerated amortization - Net Book Value	$ (20,526)

Intangible Assets - Amortizatio

Intangible Assets - Amortization Expense (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
INTANGIBLE ASSETS [Abstract]
Favorable lease terms	$ (15,861)	$ (18,716)	$ (23,287)
Acceleration of favorable lease terms	(20,526)	0	(22,063)
Total	$ (36,387)	$ (18,716)	$ (45,350)

Intangible Assets - Aggregate A

Intangible Assets - Aggregate Amortizations (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
INTANGIBLE ASSETS [Abstract]
2,017	$ 10,871
2,018	3,748
2,019	1,166
2,020	1,166
2,021	1,166
2022 and thereafter	835
Total	$ 18,952	$ 55,339	$ 74,055

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Favorable lease terms - Cost	$ 83,716	$ 127,788	$ 158,987
Favorable lease terms - Accumulated amortization	$ 64,764	72,449	84,932
Write-off - Cost		31,199
Finite lived intangible assets amortization method	straight line
Weighted average useful life for favorable lease terms chartered out	10 years
Acceleration of amortization of intangible asset	$ 20,526	0	22,063
Navios Fulvia
Favorable lease terms - Cost		31,199
Favorable lease terms - Accumulated amortization		(31,199)
Write-off - Cost		$ 31,199
Navios Pollux
Acceleration of amortization of intangible asset			22,010
Two vessels
Acceleration of amortization of intangible asset			$ 53
Navios Luz Navios and Buena Ventura
Acceleration of amortization of intangible asset	$ 20,526

Accounts Payable (Table) (Detai

Accounts Payable (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accounts Payable Current And Noncurrent [Abstract]
Creditors	$ 766	$ 329
Brokers	1,796	2,112
Insurances	35	149
Professional and legal fees	679	116
Total accounts payable	$ 3,276	$ 2,706

Accrued Expenses (Table) (Detai

Accrued Expenses (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accrued Liabilities Current [Abstract]
Accrued voyage expenses	$ 1,526	$ 1,411
Accrued loan interest	700	864
Accrued legal and professional fees	2,219	241
Total accrued expenses	$ 4,445	$ 2,516

Accrued Expenses (Details)

Accrued Expenses (Details) - General and Administrative Expense - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Professional Fees	$ 1,650	$ 0	$ 0
Directors and/ or officers
Cash compensation subject to fulfillment	$ 1,650

Borrowings (Table) (Details)

Borrowings (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Term Loan B facility	$ 386,292	$ 411,292
Credit facilities	141,805	194,569
Total borrowings	528,097	605,861
Less: Long-term unamortized discount	(1,471)	(2,464)
Less: Current portion of long-term debt, net	(74,031)	(23,336)
Less: Deferred financing costs, net	(2,850)	(5,319)
Long-term debt, net	449,745	574,742
Term Loan B including addition
Debt Instrument [Line Items]
Term Loan B facility	386,292	$ 411,292
Less: Long-term unamortized discount	$ (1,471)

Borrowings - Principal Payments

Borrowings - Principal Payments Due (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Long Term Debt By Maturity [Abstract]
2,017	$ 76,767
2,018	392,204
2,019	5,913
2,020	5,913
2,021	5,913
2022 and thereafter	41,387
Total borrowings	$ 528,097	$ 605,861

Borrowings (Details)

Borrowings (Details) $ in Thousands

Jan. 12, 2017USD ($)

Jan. 08, 2016USD ($)

Apr. 01, 2016USD ($)

Mar. 31, 2016

Mar. 30, 2015USD ($)

Mar. 27, 2015USD ($)

Apr. 30, 2016USD ($)

Apr. 16, 2015USD ($)

May 31, 2016USD ($)

May 31, 2015USD ($)

Jun. 30, 2016

Jun. 30, 2013USD ($)

Sep. 22, 2014USD ($)

Nov. 14, 2016

Nov. 11, 2016USD ($)

Dec. 31, 2016USD ($)

Jun. 24, 2016USD ($)

Dec. 31, 2015USD ($)

Sep. 30, 2015USD ($)

Nov. 01, 2013USD ($)

Debt Instrument [Line Items]

Amount outstanding

$ 386,292

$ 411,292

Unamortized discount

1,471

2,464

Outstanding balance

141,805

194,569

Long- term debt

523,776

Available amount of loan facility

$ 60,000

Term Loan B Facility

Debt Instrument [Line Items]

Debt amount

$ 250,000

Interest rate description

LIBOR

Interest rate percentage

4.25%

Debt instrument term

5 years

Initial percentage of issuance of debt

98.00%

Interest percentage amortization rate of debt issued

1.00%

Amounts held in escrow

$ 13,500

Escrow Released

$ 13,500

Description of terms of credit facility

Five-year term with 1.0% amortization profile and was issued at 98.0% (at a discount of $5,000).

Term Loan B Facility | Collateral Pledged

Debt Instrument [Line Items]

Number of vessels acquired

6

1

Term Loan B Facility | YM Unity

Debt Instrument [Line Items]

Debt Collateral

YM Unity

Term Loan B Facility | One Capesize Vessel

Debt Instrument [Line Items]

Debt Collateral

one Capesize vessel

Term Loan B Facility | Six Dry Cargo Vessels

Debt Instrument [Line Items]

Debt Collateral

six dry cargo vessels

Term Loan B Facility Addition

Debt Instrument [Line Items]

Debt amount

$ 189,500

Initial percentage of issuance of debt

100.00%

Number of vessels acquired

5

Description of terms of credit facility

The add-on to the Term Loan B facility bears the same terms as Term Loan B facility. Navios Partners used the net proceeds to partially finance the acquisition of five Container vessels.

Term Loan B including addition

Debt Instrument [Line Items]

Amount outstanding

$ 386,292

$ 411,292

Unamortized discount

1,471

Credit facility outstanding balance, net of discount

$ 384,821

Repayment of debt

$ 21,000

$ 25,000

Write-off of deferred financing fees

256

$ 187

July 2012 Credit Facility

Debt Instrument [Line Items]

Interest rate description

LIBOR

Balloon payment on the last repayment date

$ 31,855

Outstanding balance

41,855

Repayment of debt

$ 16,235

$ 2,346

$ 28,052

Write-off of deferred financing fees

$ 161

Final maturity date

Nov. 30, 2017

Line Of Credit OF Facility Increase Decrease For Period Net

30,192

Gain on debt repayment

$ 2,140

July 2012 Credit Facility | First installment

Debt Instrument [Line Items]

Repayment installments

1

Repayment frequency

quarterly

Repayment amount

$ 1,600

July 2012 Credit Facility | The remaining four installments

Debt Instrument [Line Items]

Repayment installments

4

Repayment frequency

quarterly

Repayment amount

$ 2,100

September 2014 Credit Facility

Debt Instrument [Line Items]

Debt instrument term

5 years

Amount outstanding

$ 0

Credit facility

$ 56,000

Number of loan tranches

2

Balloon payment on the last repayment date

$ 14,250

Interest rate percentage

3.00%

Interest rate description

LIBOR plus 3,00%

Repayment of debt

$ 28,357

21,312

Write-off of deferred financing fees

$ 340

$ 314

April 2015 Credit Facility

Debt Instrument [Line Items]

Credit facility

$ 164,000

Number of loan tranches

2

Balloon payment on the last repayment date

$ 38,431

Outstanding balance

$ 70,950

Repayment installments

22

Repayment frequency

quarterly

Repayment amount

$ 1,478

Interest rate percentage

2.75%

Interest rate description

LIBOR plus 2,75%

Cancellation of undrawn amount

$ 83,000

Final maturity date

Apr. 20, 2022

April 2015 Credit Facility | Subsequent Event

Debt Instrument [Line Items]

Repayment of debt

$ 70,950

Navios Holdings Credit Facility

Debt Instrument [Line Items]

Credit facility

$ 60,000

Outstanding balance

$ 0

Interest rate percentage

3.00%

Interest rate description

LIBOR plus 3,00%

Amount drawn down

$ 21,000

Available amount of loan facility

$ 60,000

Write-off of deferred financing fees

$ 600

Final maturity date

Jan. 2, 2017

June 2016 Credit Facility

Debt Instrument [Line Items]

Debt amount

$ 30,000

Outstanding balance

$ 29,000

Interest rate percentage

4.00%

Interest rate description

LIBOR plus 4%

Final maturity date

Jan. 30, 2017

June 2016 Credit Facility | Subsequent Event

Debt Instrument [Line Items]

Repayment of debt

$ 29,000

Borrowings - Additional Informa

Borrowings - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Debt Instrument [Line Items]
Covenant compliance	As of December 31, 2016, Navios Partners was in compliance with the financial covenants and/or the prepayment and/or the cure provisions as applicable in each of its credit facilities.
July 2012 Credit Facility, September 2014 Credit Facility, April 2015 Credit Facility and June 2016 Credit Facility
Debt Instrument [Line Items]
Restrictive covenants	The July 2012 Credit Facility, the September 2014 Credit Facility, the April 2015 Credit Facility and the June 2016 Credit Facility contain a number of restrictive covenants that prohibit or limit Navios Partners from, among other things: incurring or guaranteeing indebtedness; entering into affiliate transactions; charging, pledging or encumbering the vessels; changing the flag, class, management or ownership of Navios Partners' vessels; changing the commercial and technical management of Navios Partners' vessels; selling or changing the beneficial ownership or control of Navios Partners' vessels; not maintaining Navios Holdings' (or its affiliates) ownership in Navios Partners of at least 15.0%; and subordinating the obligations under the credit facilities to any general and administrative costs relating to the vessels, including the fixed daily fee payable under the management agreement.
Description of violation or event of default	The July 2012 Credit Facility, the September 2014 Credit Facility, the April 2015 Credit Facility and the June 2016 Credit Facility also require compliance with a number of financial covenants, including: (i) maintain a required security amount ranging over 105% to 140%; (ii) minimum free consolidated liquidity of $15,000 as at December 31, 2016 and at least the higher of $20,000 and the aggregate of interest and principal falling due during the previous six months all the other times; (iii) maintain a ratio of EBITDA to interest expense of at least 2.00 : 1.00; (iv) maintain a ratio of total liabilities to total assets (as defined in our credit facilities) ranging of less than 0.75 or 0.80: 1.00; and (v) maintain a minimum net worth to $135,000 for the periods prior to any distributions by the Company. It is an event of default under the credit facilities if such covenants are not complied with in accordance with the terms and subject to the prepayment or cure provision of each facility.
Minimum net worth required for compliance	$ 135,000
Minimum free consolidated liquidity	15,000
July 2012 Credit Facility, September 2014 Credit Facility, April 2015 Credit Facility and June 2016 Credit Facility | Previous six months all other times
Debt Instrument [Line Items]
Minimum free consolidated liquidity	$ 20,000
Term Loan B including addition
Debt Instrument [Line Items]
Restrictive covenants	The July 2012 Credit Facility, the September 2014 Credit Facility, the April 2015 Credit Facility and the June 2016 Credit Facility contain a number of restrictive covenants that prohibit or limit Navios Partners from, among other things: incurring or guaranteeing indebtedness; entering into affiliate transactions; charging, pledging or encumbering the vessels; changing the flag, class, management or ownership of Navios Partners' vessels; changing the commercial and technical management of Navios Partners' vessels; selling or changing the beneficial ownership or control of Navios Partners' vessels; not maintaining Navios Holdings' (or its affiliates) ownership in Navios Partners of at least 15.0%; and subordinating the obligations under the credit facilities to any general and administrative costs relating to the vessels, including the fixed daily fee payable under the management agreement.
Description of violation or event of default	The Term Loan B Agreement also provides for customary events of default, prepayment and cure provisions.
Minimum | July 2012 Credit Facility, September 2014 Credit Facility, April 2015 Credit Facility and June 2016 Credit Facility
Debt Instrument [Line Items]
Loan to value ratio	80.00%
Ratio of EBITDA to interest expense	200.00%
Security cover ratio	105.00%
Minimum | Navios Holdings | July 2012 Credit Facility, September 2014 Credit Facility, April 2015 Credit Facility and June 2016 Credit Facility
Debt Instrument [Line Items]
Ownership percentage of Navios Holdings	15.00%
Maximum | July 2012 Credit Facility, September 2014 Credit Facility, April 2015 Credit Facility and June 2016 Credit Facility
Debt Instrument [Line Items]
Loan to value ratio	100.00%
Security cover ratio	140.00%
Maximum | July 2012 Credit Facility, September 2014 Credit Facility, April 2015 Credit Facility and June 2016 Credit Facility | During the last quarter prior to any distribution declaration
Debt Instrument [Line Items]
Total Liabilities to Total Assets ratio	0,75 or 0,8

Fair Value of Financial Instr68

Fair Value of Financial Instruments (Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
FAIR VALUE OF FINANCIAL INSTRUMENTS [ABSTRACT]
Cash and cash equivalents - Book Value	$ 17,360	$ 26,750	$ 99,495	$ 35,346
Cash and cash equivalents - Fair Value	17,360	26,750
Restricted cash - Book Value	7,728	7,789
Restricted cash - Fair Value	7,728	7,789
Loans receivable from affiliates - Book Value	2,422	1,521
Loans receivable from affiliates - Fair Value	2,422	1,521
Amounts due to related parties, short term - Book Value	0	(8,680)
Amounts due to related parties, short term - Fair Value	0	(8,860)
Amounts due to related parties, long-term - Book Value	11,105	0
Amounts due to related parties, long term - Fair Value	11,105	0
Amounts due from related parties - Book Value	19,639	0
Amounts due from related parties - Fair Value	19,639	0
Term Loan B facility, net - Book Value	(382,653)	(404,977)
Term Loan B facility, net - Fair Value	(360,700)	(406,410)
Other long-term debt, net - Book Value	(141,124)	(193,102)
Other long-term debt, net - Fair Value	(141,805)	(194,569)
Notes receivable - Book Value	6,112	0
Notes receivable - Fair Value	$ 6,112	$ 0

Fair Value of Financial Instr69

Fair Value of Financial Instruments - Fair Value Measurements (Table) (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Non-recurring Basis [Line Items]
Cash and cash equivalents		$ 17,360	$ 26,750
Restricted cash		7,728	7,789
Loans receivable from affiliates		2,422	1,521
Amounts due to related parties, long term		11,105	0
Term Loan B facility, net		(360,700)	(406,410)
Other long-term debt, net		(141,805)	(194,569)
Notes receivable		6,112	0
Vessel held for sale		125,000	0
Navios Apollon
Fair Value Assets And Liabilities Measured On Recurring And Non-recurring Basis [Line Items]
Vessels, net (for Navios Apollon)		4,750
Level I
Fair Value Assets And Liabilities Measured On Recurring And Non-recurring Basis [Line Items]
Cash and cash equivalents		17,360	26,750
Restricted cash		7,728	7,789
Amounts due to related parties, long term		11,105
Level II
Fair Value Assets And Liabilities Measured On Recurring And Non-recurring Basis [Line Items]
Loans receivable from affiliates		2,422	1,521
Term Loan B facility, net	[1]	(360,700)	(406,410)
Other long-term debt, net	[1]	(141,805)	$ (194,569)
Notes receivable	[2]	6,112
Vessel held for sale		125,000
Level II | Navios Apollon
Fair Value Assets And Liabilities Measured On Recurring And Non-recurring Basis [Line Items]
Vessels, net (for Navios Apollon)		$ 4,750
[1]	The fair value of the Company's debt is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account our creditworthiness.
[2]	The fair value is estimated based on currently available information on the Company's counterparty with similar contract terms, interest rate and remaining maturities.

Issuance of Units (Details)

Issuance of Units (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 18, 2014	Feb. 11, 2015	Mar. 09, 2017	Feb. 14, 2014	Nov. 18, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Class Of Stock [Line Items]
Proceeds from issuance of Common Limited partners units						$ 440	$ 72,090	$ 104,499
Proceeds from issuance of common units, net of offering costs							72,090	104,499
Net proceeds from issuance of general partner units						10	1,528	2,233
Proceeds from public public offering of common units, net of offering costs) value						440
Net proceeds from issuance of general partner units (see note 13)						$ 10	$ 1,528	$ 2,233
Common Unitholders
Class Of Stock [Line Items]
Maximum aggregate offering price					$ 25,000
Partners Capital account units sold in public offering		4,000,000		5,500,000			5,720,547	6,325,000
Unit price		$ 13.09		$ 17.3
Proceeds from issuance of Common Limited partners units		$ 52,360		$ 95,150
Proceeds from issuance of common units, net of offering costs		50,120		91,135			$ 72,090	$ 104,499
Offering costs		$ 216		$ 306
Proceeds from public public offering of common units, net of offering costs) units					244,201	244,201
Proceeds from public public offering of common units, net of offering costs) value					$ 440	$ 440
Common Unitholders | Overallotment Option
Class Of Stock [Line Items]
Partners Capital account units sold in public offering	825,000	600,000
Proceeds from issuance of Common Limited partners units	$ 14,273	$ 7,854
Proceeds from issuance of common units, net of offering costs	$ 13,670	$ 7,518
General Partner
Class Of Stock [Line Items]
Partners Capital account units sold in public offering		81,633		112,245
General Partner's capital account units sold in public offering					4,984	4,984	116,746	129,082
Net proceeds from issuance of general partner units		$ 1,069		$ 1,942
Navios GP L.L.C. general partner interest in Navios Partners					2.00%
Net proceeds from issuance of general partner units (see note 13)					$ 10	$ 10	$ 1,528	$ 2,233
General Partner | Overallotment Option
Class Of Stock [Line Items]
General Partner's capital account units sold in public offering	16,837	12,245
Net proceeds from issuance of general partner units	$ 291	$ 160
Navios Holdings
Class Of Stock [Line Items]
Proceeds from issuance of private placement		$ 14,967
Navios Holdings | Subsequent Event
Class Of Stock [Line Items]
Ownership percentage of Navios Holdings			19.40%
Navios GP L.L.C. general partner interest in Navios Partners			2.00%
Navios Holdings | Common Unitholders
Class Of Stock [Line Items]
Unit price		$ 13.09
Common Limited Partner's capital account units sold in private placement		1,120,547
Navios Holdings | General Partner
Class Of Stock [Line Items]
Unit price		$ 13.09
Common Limited Partner's capital account units sold in private placement		22,868
Navios Holdings
Class Of Stock [Line Items]
Ownership percentage of Navios Holdings						20.00%
Navios GP L.L.C. general partner interest in Navios Partners						2.00%

Segment Information (Table) (De

Segment Information (Table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue	$ 190,524	$ 223,676	$ 227,356
Asia
Revenue	112,019	133,542	125,572
Europe
Revenue	54,006	70,121	64,858
North America
Revenue	13,364	10,557	19,943
Australia
Revenue	$ 11,135	$ 9,456	$ 16,983

Leases (Table) (Details)

Leases (Table) (Details) $ in Thousands	Dec. 31, 2016USD ($)
LEASES [Abstract]
2,017	$ 112,434
2,018	82,445
2,019	54,688
2,020	65,862
2,021	65,682
2022 and thereafter	306,965
Total	$ 688,076

Transactions with Related Par73

Transactions with Related Parties and Affiliates (Details) - USD ($)	2 Months Ended	5 Months Ended	12 Months Ended
	Mar. 09, 2017	May 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Due to related parties			$ 0	$ 8,680,000
Amount outstanding			386,292,000	411,292,000
Direct vessel expenses			6,381,000	4,043,000	$ 761,000
Management fees			59,209,000	56,504,000	50,359,000
General and administrative expenses			12,351,000	7,931,000	7,839,000
Due from related parties			19,639,000	0
Time charter revenues			190,524,000	223,676,000	227,356,000
Outstanding balance			141,805,000	194,569,000
Available amount of loan facility			60,000,000
Revenue from related parties			$ 1,939,000	38,809,000	27,444,000
May 2015 Credit Facility
Related Party Transaction [Line Items]
Credit facility		$ 60,000,000
Interest rate description			LIBOR plus 3,00%
Interest rate percentage		3.00%
Final maturity date			Jan. 2, 2017
Outstanding balance			$ 0
Available amount of loan facility			60,000,000
Navios Holdings
Related Party Transaction [Line Items]
General and administrative expenses			7,751,000	6,205,000	$ 6,089,000
Navios Holdings | Subsequent Event
Related Party Transaction [Line Items]
Ownership percentage of Navios Holdings	19.40%
Navios Holdings | Due to related party
Related Party Transaction [Line Items]
Due to related parties			$ 11,105,000	8,680,000
Navios Fulvia
Related Party Transaction [Line Items]
Vessel Year Built			2,010
Vessel type			Capesize
Navios Holdings for the Navios Gemini, Navios Hyperion, Navios Soleil, Navios Harmony, Navios Orbiter, Navios Fantastiks, Navios Alegria, Navios Pollux and Navios Sun | Minimum
Related Party Transaction [Line Items]
Lease term			9 months
Navios Holdings for the Navios Gemini, Navios Hyperion, Navios Soleil, Navios Harmony, Navios Orbiter, Navios Fantastiks, Navios Alegria, Navios Pollux and Navios Sun | Maximum
Related Party Transaction [Line Items]
Lease term			12 months
Charter hire agreement | Navios Gemini
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 7,600
Charter hire agreement | Navios Hyperion
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 12,000
Charter hire agreement | Navios Soleil
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 12,000
Charter hire agreement | Navios Harmony
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 12,000
Charter hire agreement | Navios Orbiter
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 12,000
Charter hire agreement | Navios Fantastiks
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 12,500
Charter hire agreement | Navios Alegria
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 12,000
Charter hire agreement | Navios Sun
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 12,000
Extended charter hire agreement | Navios Apollon
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 12,500
Lease term			1 year
Date of agreement			Apr. 30, 2015
Extended charter hire agreement | Navios Libra
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 12,000
Lease term			1 year
Date of agreement			Apr. 30, 2015
Extended charter hire agreement | Navios Felicity
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 12,000
Lease term			1 year
Date of agreement			Apr. 30, 2015
Extended charter hire agreement | Navios Hope
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 10,000
Lease term			1 year
Date of agreement			Apr. 30, 2015
Extended charter hire agreement | Navios Pollux
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 11,400
Date of agreement			Feb. 28, 2015
Extended charter hire agreement | Navios Fulvia
Related Party Transaction [Line Items]
Profit sharing, Percentage allocation based on earnings			50.00%
Charter hire daily rate			$ 11,500,000
Lease term			3 months
Date of agreement			Nov. 30, 2016
Further extended charter hire agreement | Navios Aldebaran | Minimum
Related Party Transaction [Line Items]
Lease term			6 months
Further extended charter hire agreement | Navios Aldebaran | Maximum
Related Party Transaction [Line Items]
Lease term			9 months
Novation agreement | Navios Prosperity
Related Party Transaction [Line Items]
Date of agreement			Feb. 11, 2015
Novation agreement | Navios Aldebaran
Related Party Transaction [Line Items]
Date of agreement			Feb. 11, 2015
Management Agreement | Ultra-Handymax Vessels
Related Party Transaction [Line Items]
Daily management fee			$ 4,100
Management Agreement | Panamax Vessels
Related Party Transaction [Line Items]
Daily management fee			4,200
Management Agreement | Capesize Vessels
Related Party Transaction [Line Items]
Daily management fee			5,250
Management Agreement | Container Vessels of TEU 6,800
Related Party Transaction [Line Items]
Daily management fee			6,700
Management Agreement | Container Vessels of more than TEU 8,000
Related Party Transaction [Line Items]
Daily management fee			7,400
Management Agreement | Container Vessels of more than TEU 13,000
Related Party Transaction [Line Items]
Daily management fee			8,750
Prior management agreement | Ultra-Handymax Vessels
Related Party Transaction [Line Items]
Daily management fee				4,000
Prior management agreement | Panamax Vessels
Related Party Transaction [Line Items]
Daily management fee				4,100
Prior management agreement | Capesize Vessels
Related Party Transaction [Line Items]
Daily management fee				5,100
Prior management agreement | Container Vessels of TEU 6,800
Related Party Transaction [Line Items]
Daily management fee				6,500
Prior management agreement | Container Vessels of more than TEU 8,000
Related Party Transaction [Line Items]
Daily management fee				7,200
Prior management agreement | Container Vessels of more than TEU 13,000
Related Party Transaction [Line Items]
Daily management fee				8,500
Ecxluding Navios Europe I and Navios Europe II
Related Party Transaction [Line Items]
Due from related parties			$ 19,040,000	$ 0
Late Reimbursement | Management Agreement
Related Party Transaction [Line Items]
Interest rate description			LIBOR
Interest rate percentage			1.00%
Debt later required payment			Jan. 5, 2018

Transactions with Related Par74

Transactions with Related Parties and Affiliates - Revolving Loans to Navios Europe and Others (Details) - USD ($) $ in Thousands	3 Months Ended	11 Months Ended	12 Months Ended
	Mar. 25, 2014	Nov. 15, 2012	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Feb. 18, 2015	Dec. 18, 2013	Oct. 09, 2013
Long- term debt			$ 523,776
Investment in affiliates			1,257	$ 1,315
Loans receivable from affiliates			2,422	$ 1,521
Available amount of loan facility			$ 60,000
Common units outstanding			83,323,911	83,079,710
Other Income			$ 14,523	$ 5,232	$ 47,935
Income from credit default insurance	$ 30,956
Due from related parties			$ 19,639	0
Navios Europe I
Ownership percentage			5.00%					5.00%
Navios Europe II
Ownership percentage			5.00%			5.00%
Navios Holdings
Common units outstanding			15,344,310
Common units interest percentage			18.00%
Navios GP L.L.C. general partner interest in Navios Partners			2.00%
Supplemental credit default insurance maximum cash payment		$ 20,000
Navios Revolving Loans II | Navios Europe II | Funding Commitment
Available amount of loan facility			$ 704	1,154
Navios Holdings
Other Income			9,635	3,795
Income from credit default insurance			$ 9,153	3,605
Navios Holdings | Navios Europe I
Ownership percentage								47.50%
Navios Holdings | Navios Europe II
Ownership percentage						47.50%
Navios Holdings, Navios Acquisition and Navios Partners | Navios Revolving Loans I | Navios Europe I
Revolving loan facility maximum borrowing capacity							$ 24,100
Preferred distribution percentage			12.70%
Available amount of loan facility			$ 9,100	9,100
Due from related parties			$ 310	9,100
Navios Holdings, Navios Acquisition and Navios Partners | Navios Revolving Loans II | Navios Europe II
Revolving loan facility maximum borrowing capacity						$ 38,500
Preferred distribution percentage			18.00%
Available amount of loan facility			$ 14,075	23,075
Due from related parties			288	60
Navios Holdings, Navios Acquisition and Navios Partners | Navios Term Loans | Navios Europe I
Long- term debt			10,000				$ 10,000
Navios Holdings, Navios Acquisition and Navios Partners | Navios Term Loans II | Navios Europe II
Long- term debt				14,000
Navios Acquisitions | Navios Europe I
Ownership percentage								47.50%
Navios Acquisitions | Navios Europe II
Ownership percentage						47.50%
Navios Europe I
Investment in affiliates			640
Navios Europe I | Navios Revolving Loans I
Loans receivable from affiliates			750	750
Navios Europe I | Navios Revolving Loans I | Funding Commitment
Available amount of loan facility			455
Navios Europe I | Navios Term Loans
Investment in affiliates			500
Accrued interest income			216
Navios Europe I | Navios Term Loans II
Accrued interest income			235
Navios Europe II
Investment in affiliates			616
Navios Europe II | Navios Revolving Loans II
Loans receivable from affiliates			1,221	$ 771
Navios Europe II | Navios Term Loans II
Investment in affiliates			$ 700

Notes Receivable (Details)

Notes Receivable (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jul. 15, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jul. 18, 2016
Deferred revenue, current		$ 17,198,000	$ 4,290,000
Deferred revenue, noncurrent		28,571,000	1,806,000
Net proceeds on sale		20,842,000
Loss on sale of securities		19,435,000	0	$ 0
Non-cash interest income		541,000	$ 222,000	$ 243,000
Interest Income and Discount Unwinding
Non-cash interest income		180,000
Hyundai Merchant Marine Co., Ltd.
Deferred revenue, current		12,102,000
Deferred revenue, noncurrent		28,571,000
Trading Securities					$ 40,277,000
Deferred revenue amortization		$ 5,537,000
Hyundai Merchant Marine Co., Ltd. | Container vessels | Restructuring Agreement
Charter Revenue	$ 38,461,000
Hyundai Merchant Marine Co., Ltd. | Senior Notes
Unsecured Notes					$ 5,932,000
Hyundai Merchant Marine Co., Ltd. | Senior Notes | Container vessels | Restructuring Agreement
Trading securities equity number of shares		3,657
Proceeds From Debt		$ 7,692,000
Debt Instrument Interest Rate		3.00%
Maturity Date		Jul. 31, 2024
Hyundai Merchant Marine Co., Ltd. | July 18, 2016 until December 31, 2019 | Container vessels | Restructuring Agreement
Charter Revenue		$ 24,400
Effective Date of Arrangements		Jul. 18, 2016
Termination date		Dec. 31, 2019
Hyundai Merchant Marine Co., Ltd. | From January 1, 2020 and thereafter | Container vessels | Restructuring Agreement
Charter Revenue		$ 30,500
Effective Date of Arrangements		Jan. 1, 2020

Investment In Navios Europe I76

Investment In Navios Europe I and Navios Europe II (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Feb. 18, 2015USD ($)	Dec. 18, 2013USD ($)	Oct. 09, 2013
Proceeds from long-term debt	$ 29,000	$ 79,819	$ 56,000
Debt Instrument Unamortized Discount	1,471	2,464
Long- term debt	523,776
Investment in affiliates	1,257	1,315
Portion of the carrying balance of related party loan	2,422	1,521
Investment income	$ 541	222	$ 243
Navios Europe I
Ownership percentage	5.00%					5.00%
Number of vessels acquired					10
Navios Europe II
Ownership percentage	5.00%			5.00%
Number of vessels acquired	14
Cash purchase price		145,550
Senior Loans II | Navios Europe II
Proceeds from long-term debt		131,550
Debt Instrument Unamortized Discount		3,375
Junior Loan II | Navios Europe II
Debt instrument face amount		182,150
Debt instrument fair value		99,147
Navios Holdings | Navios Europe I
Ownership percentage						47.50%
Navios Holdings | Navios Europe II
Ownership percentage				47.50%
Navios Holdings, Navios Acquisition and Navios Partners | Navios Revolving Loans I | Navios Europe I
Revolving loan facility maximum borrowing capacity					$ 24,100
Navios Holdings, Navios Acquisition and Navios Partners | Navios Revolvings Loans II | Navios Europe II
Revolving loan facility maximum borrowing capacity				$ 38,500
Navios Holdings, Navios Acquisition and Navios Partners | Navios Term Loans | Navios Europe I
Long- term debt	$ 10,000				$ 10,000
Navios Holdings, Navios Acquisition and Navios Partners | Navios Term Loans II | Navios Europe II
Long- term debt		14,000
Navios Acquisitions | Navios Europe I
Ownership percentage						47.50%
Navios Acquisitions | Navios Europe II
Ownership percentage				47.50%
Navios Europe I
Estimated maximum potential loss	1,390
Investment in affiliates	640
Navios Europe I | Navios Revolving Loans I
Portion of the carrying balance of related party loan	750	750
Navios Europe I | Navios Term Loans
Investment in affiliates	500
Navios Europe II
Estimated maximum potential loss	1,837
Investment in affiliates	616
Navios Europe II | Navios Revolvings Loans II
Portion of the carrying balance of related party loan	1,221	771
Navios Europe II | Navios Term Loans II
Investment in affiliates	700
Within caption "Other Income" | Navios Europe I
Investment income	$ 74	45
Within caption "Other Income" | Navios Europe II
Investment income		49
Investment loss		$ (133)

Cash Distributions and Earnin77

Cash Distributions and Earnings per Unit - Percentage Interest in Distributions (Table) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Distribution Made To Limited Partner [Line Items]
Percentage allocations of the additional available cash	100.00%
Credit facilities	$ 141,805	$ 194,569
Gain on debt repayment	$ (2,140)	$ 0	$ 0
Total Quarterly Distribution Target Amount | Minimum Quarterly Distribution | Maximum
Distribution Made To Limited Partner [Line Items]
Distribution Per Unit	$ 0.35
Total Quarterly Distribution Target Amount | First Target Distribution | Maximum
Distribution Made To Limited Partner [Line Items]
Distribution Per Unit	0.4025
Total Quarterly Distribution Target Amount | Second Target Distribution | Minimum
Distribution Made To Limited Partner [Line Items]
Distribution Per Unit	0.4025
Total Quarterly Distribution Target Amount | Second Target Distribution | Maximum
Distribution Made To Limited Partner [Line Items]
Distribution Per Unit	0.4375
Total Quarterly Distribution Target Amount | Third Target Distribution | Minimum
Distribution Made To Limited Partner [Line Items]
Distribution Per Unit	0.4375
Total Quarterly Distribution Target Amount | Third Target Distribution | Maximum
Distribution Made To Limited Partner [Line Items]
Distribution Per Unit	0.525
Total Quarterly Distribution Target Amount | Thereafter | Minimum
Distribution Made To Limited Partner [Line Items]
Distribution Per Unit	$ 0.525
Common Unitholders | Minimum Quarterly Distribution
Distribution Made To Limited Partner [Line Items]
Percentage allocations of the additional available cash	98.00%
Common Unitholders | First Target Distribution
Distribution Made To Limited Partner [Line Items]
Percentage allocations of the additional available cash	98.00%
Common Unitholders | Second Target Distribution
Distribution Made To Limited Partner [Line Items]
Percentage allocations of the additional available cash	85.00%
Common Unitholders | Third Target Distribution
Distribution Made To Limited Partner [Line Items]
Percentage allocations of the additional available cash	75.00%
Common Unitholders | Thereafter
Distribution Made To Limited Partner [Line Items]
Percentage allocations of the additional available cash	50.00%
General Partner | Minimum Quarterly Distribution
Distribution Made To Limited Partner [Line Items]
Percentage allocations of the additional available cash	2.00%
General Partner | First Target Distribution
Distribution Made To Limited Partner [Line Items]
Percentage allocations of the additional available cash	2.00%
General Partner | Second Target Distribution
Distribution Made To Limited Partner [Line Items]
Percentage allocations of the additional available cash	15.00%
General Partner | Third Target Distribution
Distribution Made To Limited Partner [Line Items]
Percentage allocations of the additional available cash	25.00%
General Partner | Thereafter
Distribution Made To Limited Partner [Line Items]
Percentage allocations of the additional available cash	50.00%

Cash Distributions and Earnin78

Cash Distributions and Earnings per Unit (Table) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net (loss)/ income	$ (52,549)	$ 41,805	$ 74,853
Earnings attributable to:
Earnings per unit (basic and diluted):	$ (0.62)	$ 0.48	$ 0.93
Common unit holders
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net (loss)/ income	$ (51,498)	$ 39,825	$ 71,225
Weighted average units outstanding (basic and diluted)
Weighted average units outstanding (basic and diluted)	83,107,066	82,437,128	76,587,656
Earnings attributable to:
Earnings per unit (basic and diluted):	$ (0.62)	$ 0.48	$ 0.93
Earnings per unit - distributed (basic and diluted):	0	1.11	1.79
Loss per unit - undistributed (basic and diluted):	$ (0.62)	$ (0.63)	$ (0.86)

Cash Distributions and Earnin79

Cash Distributions and Earnings per Unit (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Distribution Made To Limited Partner [Line Items]
Description of the distribution amount per unit for all classes of units	The first 98% of the quarterly distribution is paid to all common units holders. The incentive distributions rights (held by the General Partner) apply only after a minimum quarterly distribution of $0.4025.
Description of loss allocation	Net loss per unit undistributed is determined by taking the distributions in excess of net income and allocating between common units and general partner units on a 98%-2% basis.
Common and subordinated units
Distribution Made To Limited Partner [Line Items]
Net loss allocated to each class of unit	98.00%
General Partner Units
Distribution Made To Limited Partner [Line Items]
Net loss allocated to each class of unit	2.00%
Installment 4 - FY 2013
Distribution Made To Limited Partner [Line Items]
Declaration date	Jan. 24, 2014
Cash distribution declared per unit			$ 0.4425
Distribution date	Feb. 14, 2014
Date of record	Feb. 10, 2014
Aggregate amount of cash distributions paid			$ 32,573
Installment 1 - FY 2014
Distribution Made To Limited Partner [Line Items]
Declaration date	Apr. 25, 2014
Cash distribution declared per unit			$ 0.4425
Distribution date	May 13, 2014
Date of record	May 9, 2014
Aggregate amount of cash distributions paid			$ 35,474
Installment 2 - FY 2014
Distribution Made To Limited Partner [Line Items]
Declaration date	Jul. 24, 2014
Cash distribution declared per unit			$ 0.4425
Distribution date	Aug. 13, 2014
Date of record	Aug. 8, 2014
Aggregate amount of cash distributions paid			$ 35,474
Installment 3 - FY 2014
Distribution Made To Limited Partner [Line Items]
Declaration date	Oct. 23, 2014
Cash distribution declared per unit			$ 0.4425
Distribution date	Nov. 10, 2014
Date of record	Nov. 7, 2014
Aggregate amount of cash distributions paid			$ 35,474
Installment 4 - FY 2014
Distribution Made To Limited Partner [Line Items]
Declaration date	Jan. 26, 2015
Cash distribution declared per unit		$ 0.4425
Distribution date	Feb. 13, 2015
Date of record	Feb. 11, 2015
Aggregate amount of cash distributions paid		$ 38,097
Installment 1 - FY 2015
Distribution Made To Limited Partner [Line Items]
Declaration date	Apr. 28, 2015
Cash distribution declared per unit		$ 0.4425
Distribution date	May 14, 2015
Date of record	May 13, 2015
Aggregate amount of cash distributions paid		$ 38,097
Installment 2 - FY 2015
Distribution Made To Limited Partner [Line Items]
Declaration date	Jul. 23, 2015
Cash distribution declared per unit		$ 0.4425
Distribution date	Aug. 14, 2015
Date of record	Aug. 13, 2015
Aggregate amount of cash distributions paid		$ 38,097
Installment 3 - FY 2015
Distribution Made To Limited Partner [Line Items]
Declaration date	Nov. 3, 2015
Cash distribution declared per unit		$ 0.2125
Distribution date	Nov. 13, 2015
Date of record	Nov. 12, 2015
Aggregate amount of cash distributions paid		$ 18,015

Other Income (Details)

Other Income (Details) - USD ($) $ in Thousands	Jan. 08, 2016	Mar. 27, 2015	Mar. 25, 2014	Nov. 11, 2016	Nov. 15, 2012	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash compensation								$ 17,779
Insurance Recoveries			$ 30,956
Other Income						$ 14,523	$ 5,232	$ 47,935
July 2012 Credit Facility
Gain on debt repayment				$ 2,140
Repayment of debt	$ 16,235	$ 2,346		28,052
Line Of Credit OF Facility Increase Decrease For Period Net				$ 30,192
Within caption "Other Income"
Insurance Recoveries			29,786
Within caption "Revenue"
Insurance Recoveries			$ 1,170
Navios Holdings
Insurance Recoveries						9,153	3,605
Other Income						$ 9,635	$ 3,795
Navios Holdings
Supplemental credit default insurance maximum cash payment					$ 20,000

Subsequent Events (Details)

Subsequent Events (Details) $ in Thousands	Jan. 12, 2017USD ($)	Jan. 31, 2017USD ($)	Mar. 06, 2017USD ($)	Feb. 21, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jun. 24, 2016USD ($)
Subsequent Event [Line Items]
Loans receivable from affiliates					$ (450)	$ (771)	$ (470)
June 2016 Credit Facility
Subsequent Event [Line Items]
Term Loan B facility, new								$ 30,000
MSC Cristina
Subsequent Event [Line Items]
Vessel type					Container
Navios Apollon
Subsequent Event [Line Items]
Vessel type					Ultra-Handymax
Vessel capacity in DWT					52,073
Subsequent Event | Navios Europe I | Navios Holdings
Subsequent Event [Line Items]
Loans receivable from affiliates				$ 27,000
Subsequent Event | April 2015 Credit Facility
Subsequent Event [Line Items]
Repayment of debt	$ 70,950
Subsequent Event | June 2016 Credit Facility
Subsequent Event [Line Items]
Repayment of debt	$ 29,000
Subsequent Event | New Term Loan B Facility
Subsequent Event [Line Items]
Term Loan B facility, new			$ 405,000
Interest rate description			LIBOR
Interest rate percentage			5.00%
Debt instrument term			3 years 6 months
Subsequent Event | Navios Apollon
Subsequent Event [Line Items]
Sale price contractual agreement, net		$ 4,750