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VESSELS (Tables)
 12 Months Ended
Dec. 31, 2020
VESSELS [Abstract]  
Vessels
Vessels consists of the carrying value of 23 vessels for the year ended December 31, 2020 and December 31, 2019, respectively. Vessels includes capitalized drydocking costs.

All figures in USD ‘000
  
2020
    
2019
  
Vessels Cost as of January 1
    
1,309,618
      
1,307,087
  
Additions Vessels
    
6,845
      
2,531
  
Disposals Vessels
    
-
      
-
  
Drydocking Cost as of January 1
    
59,949
      
52,331
  
Additions Drydocking
    
22,278
      
7,618
  
Disposals Drydocking
    
-
      
-
  
Total Cost Vessels and Drydocking
    
1,398,690
      
1,369,567
  
Less Accumulated Depreciation
    
(537,348
)
    
(469,570
)
Less Accumulated Impairment Loss on Vessels
    
-
      
-
  
Net Book Value Vessels as of December 31
    
861,342
      
899,997