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OTHER NON-CURRENT ASSETS (Tables)
12 Months Ended
Dec. 31, 2013
OTHER NON-CURRENT ASSETS [Abstract]  
Other Non-Current Assets
 
All figures in USD '000
 
2013
  
2012
 
Investment in joint venture
  
-
   
271
 
Fixture, Furniture and Equipment
  
1,129
   
-
 
Warrants
  
915
     
Deferred Finance Costs
  
3,460
   
4,938
 
Long term deposit
  
5,000
   
-
 
Total as of December 31,
  
10,504
   
5,209