REVENUE (Tables)

12 Months Ended

Dec. 31, 2011

REVENUE [Abstract]

Net method and gross method revenue

The table below provides the breakdown of revenues recorded as per the net method and the gross method.

All figures in USD ‘000	2011		2010		2009
Net voyage revenues, pool earnings		76,618		119,598		102,229
Gross voyage revenues, temporarily spot charters		18,169		-		15,817
Bareboat revenues		-		6,818		6,324
Total Voyage Revenues		97,787		129,16		124,370