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FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023 and 2022, are as follows:

All figures in USD ‘000
Recurring:
  
Fair Value
Hierarchy
Level
    
2023
Fair
Value
    
2023
Carrying
Value
    
2022
Fair
Value
    
2022
Carrying
Value
  
Cash and Cash Equivalents
    
1
      
31,078
      
31,078
      
59,583
      
59,583
  
Restricted Cash
    
1
      
2,283
      
2,283
      
3,719
      
3,719
  
2019 Senior Secured Credit Facility including $30 million Accordion Loan
    
2
      
(84,640
)
    
(84,155
)
    
(129,189
)
    
(127,600
)
Financing of 2018-built Vessels
    
2
      
(87,239
)
    
(86,145
)
    
(95,950
)
    
(94,622
)
Financing of 2022-built Vessels
     2       (79,351 )     (78,425 )     (84,851 )     (83,815 )
Financing of Nordic Hawk
    
2
       (53,540 )     (52,871 )     -       -