INTEREST EXPENSES (Tables)

12 Months Ended

Dec. 31, 2024

INTEREST EXPENSES [Abstract]

Interest Expense on Long-term Debt

Interest expenses consist of interest expense on the long-term debt and amortization of deferred financing costs related to the facilities described in Note 8.

All figures in USD ‘000	2024		2023		2022
Interest Expenses, net of capitalized interest		29,889		29,040		23,455
Amortization of Deferred Financing Costs		850		1,458		3,600
Total Interest Expenses		30,739		30,498		27,055