6. General and administrative expenses
in USD | | 2017 | | | 2016 | |
| | | | | | | |
Audit fees | | | 50,000 | | | | 225,000 | |
Registration and listing fees | | | 10,000 | | | | 88,364 | |
Legal fees | | | 383,574 | | | | - | |
Other fees | | | 34,153 | | | | 7,937 | |
Other expenses | | | 846,361 | | | | 76,066 | |
Total general and administrative expenses | | | 1,324,088 | | | | 397,367 | |
Legal fees mainly relate to fees incurred in relation to the incorporation of Maritime Partner BVBA and Hamburg Maritime NV and fees for the legal work done in relation to the Tender Offer (see also Note 2).
Other expenses include $119,516 (2016: $15,000) of expenses charged by Belgische Scheepvaartmaatschappij - Compagnie Maritime Belge ("CMB"), the Sponsor's ultimate parent, under the Administrative Services Agreement (see also Note 11) and an amount of $393,537 (2016: $49,694) of Directors and Officers Liability Insurance (D&O) and Securities Offering Liability Insurance.
Prepaid expenses amounting to $180,582 (2016: $0) mainly consist of deferred charges related to the Directors and Officers Liability Insurance and Securities Offering Liability Insurance.
