VOYAGE REVENUES (Tables)

6 Months Ended

Jun. 30, 2019

VOYAGE REVENUES [Abstract]

Voyage Revenues

Voyage revenues for the six-month periods ended June 30, 2019 and June 30, 2018 consist of time charter revenues and spot charter revenues.

All amounts in USD ‘000	2019		2018
Spot charter revenues		138,869		126,243
Time charter revenues		15,575		13,787
Total Voyage Revenues		154,444		140,030

Future Minimum Revenues

The Company has five time charter contracts committed as of June 30, 2019. The future minimum revenues as at June 30, 2019 related to time charter revenues are as follows:

All amounts in USD ‘000	Amount
2019		12,265
2020		13,110
2021		7,315
Future minimum revenues		32,690