Table:
|  | December 31, 2019 | December 31, 2018 |
| --- | --- | --- |
| Prepaid voyage and operating costs | $5,726 | $9,261 |
| Claims receivable | 3,826 | 22,224 |
| Prepaid other taxes | 1,012 | 2,682 |
| Advances for working capital purposes | — | 18 |
| Other | 1,675 | 6,005 |
| Total prepaid expenses and other current assets | $12,239 | $40,190 |
Paragraphs:
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 6: PREPAID EXPENSES AND OTHER CURRENT ASSETS
Prepaid expenses and other current assets consisted of the following:
Claims receivable mainly represents claims against vessels’ insurance underwriters in respect of damages arising from accidents or other insured risks, as well as claims under charter contracts including off-hires. While it is anticipated that claims receivable will be recovered within one year, such claims may not all be recovered within one year due to the attendant process of settlement. Nonetheless, amounts are classified as current as they represent amounts currently due to the Company. All amounts are shown net of applicable deductibles.
As of December 31, 2018, claims receivable include $11,571 related to insurance claim at the iron ore port terminal in Nueva Palmira, Uruguay.
Question:
What does claims receivable represent? 
Answer: claims against vessels’ insurance underwriters in respect of damages arising from accidents or other insured risks, as well as claims under charter contracts including off-hires.