XML 183 R155.htm IDEA: XBRL DOCUMENT v3.22.1
PROVISIONS (Details 1) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Analysis of provision for onerous contracts:    
At beginning of the year $ 80 [1] $ 405
Provision raised 1,019 0
Released to profit or loss (80) (325)
At the end of the financial year [1] $ 1,019 $ 80
[1] Provision for onerous contracts represents the present value of the future charter payments of short-term leases that the Group is presently obligated to make under non-cancellable onerous operating charter agreements and contracts of affreightment, less charter revenue expected to be earned on the charter. The estimate may vary as a result of changes to ship running costs and charter and freight revenue