VOYAGE REVENUES (Tables)

12 Months Ended

Dec. 31, 2020

VOYAGE REVENUES [Abstract]

Voyage Revenues

Our voyage revenues consist of time charter revenues and spot charter revenues with the following split:

All figures in USD ‘000	2020		2019		2018
Spot Charter Revenues		274,217		283,007		259,978
Time Charter Revenues		80,402		34,213		29,038
Total Voyage Revenues		354,619		317,220		289,016

Future Minimum Revenues

The future minimum revenues as at December 31, 2020 related to time charter revenues are as follows:

All figures in USD ‘000	Amount
2021		8,395
2022		-
2023		-
Total Future Minimum Revenues		8,395