Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTIES TRANSACTIONS (Details 6)

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RELATED PARTIES TRANSACTIONS (Details 6) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Purchase of fuel, fishing nets and other on board consumables $ 8,024,429 $ 4,833,150 $ 28,241,625 $ 16,449,590
Purchase of vessel maintenance service 2,661,492 1,099,929 7,536,598 2,415,303
Purchase of transportation service 2,914,570 1,600,996 12,737,363 5,265,960
Purchase of Indonesia vessel agent service 716,519 248,479 2,114,112 593,516
Pt Avona Mina Lestari [Member]
       
Purchase of fuel, fishing nets and other on board consumables 0 4,080,300 0 15,696,740
Purchase of vessel maintenance service 1,260,652 1,099,929 3,581,161 2,415,303
Purchase of transportation service 0 0 0 35,149
Purchase of Indonesia vessel agent service 381,127 [1] 248,479 [1] 1,124,531 [1] 593,516 [1]
Hong Fa Shipping Limited [Member]
       
Purchase of fuel, fishing nets and other on board consumables 7,740,333 0 27,957,529 0
Purchase of transportation service 563,268 1,061,852 2,049,184 2,231,917
Haifeng Dafu Enterprise Company Limited [Member]
       
Purchase of fuel, fishing nets and other on board consumables 29,491 0 29,491 0
Purchase of transportation service 456,717 539,144 1,987,658 2,263,004
Hai Yi Shipping Limited [Member]
       
Purchase of fuel, fishing nets and other on board consumables 254,605 0 254,605 0
Purchase of transportation service 159,220 0 929,919 735,890
Pt Dwikarya Reksa Abadi [Member]
       
Purchase of fuel, fishing nets and other on board consumables 0 752,850 0 752,850
Purchase of vessel maintenance service 1,400,840 0 3,955,437 0
Purchase of Indonesia vessel agent service 335,392 0 989,581 0
Fuzhou Honglong Ocean Fishing Co Ltd [Member]
       
Purchase of transportation service $ 1,735,365 $ 0 $ 7,770,602 $ 0
[1] PT. Avona Mina Lestari and PT. Dwikarya Reksa Abadi act as Pingtan Fishing’s agent to apply and renew Indonesia fishing licenses and Pingtan Fishing pays the agent service fee to them.