OTHER NON-CURRENT ASSETS

12 Months Ended

Dec. 31, 2018

OTHER NON-CURRENT ASSETS [Abstract]

OTHER NON-CURRENT ASSETS

7. OTHER NON-CURRENT ASSETS

All figures in USD ‘000	2018		2017
Fixture, Furniture and Equipment		128		169
Arrangement fees Backstop facility and Newbuildings		-		15,484
Other		83		316
Total as of December 31,		211		15,969

In 2017, the Company incurred customary arrangement fees in relation to entering into financing arrangements as part of the recapitalization program and securing financing of its three newbuildings (see further information in 9).