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VESSELS (Tables)
 12 Months Ended
Dec. 31, 2021
VESSELS [Abstract]  
Vessels
Vessels consists of the carrying value of 21 and 23 vessels for the year ended December 31, 2021 and December 31, 2020, respectively. Vessels includes capitalized drydocking costs. One vessel is presented as Held for Sale as of December 31, 2021, and is presented as a disposal in the table below.

All figures in USD ‘000
  
2021
    
2020
  
Vessels Cost as of January 1
    
1,316,463
      
1,309,618
  
Additions Vessels
    
3,868
      
6,845
  
Disposals Vessels
    
(76,183
)
    
-
  
Drydocking Cost as of January 1
    
82,227
      
59,949
  
Additions Drydocking
    
7,881
      
22,278
  
Disposals Drydocking
    
(10,061
)
    
-
  
Total Cost Vessels and Drydocking
    
1,324,195
      
1,398,690
  
Less Accumulated Depreciation
    
(557,527
)
    
(537,348
)
Less Accumulated Impairment Loss on Vessels
    
(51,405
)
    
-
  
Net Book Value Vessels as of December 31
    
715,263
      
861,342
  
Vessel Held for Sale
     14,960       -