REVENUES (Tables)

12 Months Ended

Dec. 31, 2021

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	2021		2020		2019
Spot Charter Revenues		170,242		274,217		283,007
Time Charter Revenues		20,833		80,402		34,213
Total Voyage Revenues		191,075		354,619		317,220

Future Minimum Revenues

The future minimum revenues as at December 31, 2021 related to time charter revenues are as follows:

All figures in USD ‘000	Amount
2022		12,495
2023		-
2024		-
Total Future Minimum Revenues		12,495