OTHER NON-CURRENT ASSETS

12 Months Ended

Dec. 31, 2016

OTHER NON-CURRENT ASSETS [Abstract]

OTHER NON-CURRENT ASSETS

8. OTHER NON-CURRENT ASSETS

All figures in USD ‘000	2016		2015
Fixture, Furniture and Equipment		338		474
Long term deposit (Restricted Cash)		10,149		10,000
Total as of December 31,		10,487		10,474

The Long-Term Deposit relates to the Company transferring cash to a restricted account in accordance with the deferred compensation agreement for Herbjørn Hansson, the Chairman, President and CEO, described in Note 7.