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FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES (Tables)
 12 Months Ended
Dec. 31, 2020
FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES [Abstract]  
Carrying Value of Estimated Fair Value of Financial Instruments
The carrying value and estimated fair value of the Company`s financial instruments at December 31, 2020 and 2019, are as follows:

All figures in USD ‘000
Recurring:
  
Fair Value
Hierarchy
Level
    
2020
Fair
Value
    
2020
Carrying
Value
    
2019
Fair
Value
    
2019
Carrying
Value
  
Cash and Cash Equivalents
    
1
      
57,847
      
57,847
      
48,847
      
48,847
  
Restricted Cash
    
1
      
4,223
      
4,223
      
12,791
      
12,791
  
Investment Securities
    
1
      
-
      
-
      
825
      
825
  
2019 Senior Secured Credit Facility including $30 million Accordion Loan
    
2
      
(253,902
)
    
(253,902
)
    
(291,798
)
    
(291,798
)
Financing of 2018-built Vessels
    
2
      
(112,238
)
    
(112,238
)
    
(119,867
)
    
(119,867
)