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FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023, are as follows:

All figures in USD ‘000
Recurring:
  
Fair Value
Hierarchy
Level
    
2024
Fair
Value
    
2024
Carrying
Value
    
2023
Fair
Value
    
2023
Carrying
Value
  
Cash and Cash Equivalents
    
1
      
39,177
      
39,177
      
31,078
      
31,078
  
Restricted Cash
    
1
      
5,207
      
5,207
      
2,283
      
2,283
  
2019 Senior Secured Credit Facility including $30 million Accordion Loan
    
2
      
(72,561
)
    
(72,494
)
    
(84,640
)
    
(84,155
)
Financing of 2018-built Vessels
    
2
      
(78,101
)
    
(77,241
)
    
(87,239
)
    
(86,145
)
Financing of 2022-built Vessels
     2       (73,836 )     (73,028 )     (79,351 )     (78,425 )
Financing of Nordic Hawk
    
2
       (47,524 )     (46,941 )     (53,540 )     (52,871 )