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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2013
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]  
Schedule of Fair Value By Balance Sheet Grouping [Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
June 30, 2013
 
 
December 31, 2012
 
 
  
Book Value
 
 
Fair Value
 
 
Book Value
 
 
Fair Value
 
Cash and cash equivalents
  
$
62,349
  
 
$
62,349
  
 
$
32,132
  
 
$
32,132
  
Restricted cash
  
$
99,009
  
 
$
99,009
  
 
$
29,529
  
 
$
29,529
  
Accounts receivable, net
  
$
22,506
  
 
$
22,506
  
 
$
7,778
  
 
$
7,778
  
Accounts payable
  
$
(2,359
) 
 
$
(2,359
) 
 
$
(2,090
) 
 
$
(2,090
) 
Amounts due to related parties
  
$
(14,925
) 
 
$
(14,925
) 
 
$
(21,748
) 
 
$
(21,748
) 
Long-term debt
  
$
(345,031
) 
 
$
(345,031
) 
 
$
(299,709
) 
 
$
(299,709
) 
Schedule of Fair Value Measurements [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Fair Value Measurements at June 30, 2013 Using
 
 
  
Total
 
 
Level I
 
  
Level II
 
 
Level III
 
Cash and cash equivalents
  
$
62,349
  
 
$
62,349
  
  
$
-  
 
 
$
-  
 
Restricted cash
  
$
99,009
  
 
$
99,009
  
  
$
-  
 
 
$
-  
 
Long-term debt(1)
  
$
(345,031
) 
 
$
-  
 
  
$
(345,031
) 
 
$
-  
 
 
(1)
The fair value of the Company's debt is estimated based currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account our creditworthiness.