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Interest bearing debt (Tables)
 9 Months Ended
Sep. 30, 2020
Interest bearing debt [Abstract]  
Scheduled Debt Repayments and Margin Above Libor
Scheduled debt repayments (USD thousands) and margin above Libor
$ in thousands
  
Margin
above Libor
      
Q4
2020
    
2021
    
2022
    
Thereafter
    
Total
  
ABN Amro Credit Facility *
  
2.40
%
  
8,344
   
-
   
33,378
   
236,128
   
277,850
 
Credit Agricole Credit Facility
  
2.19
%
  
676
   
2,703
   
2,703
   
32,433
   
38,515
 
Danish Ship Finance Credit Facility **
  
2.25% / 2.00
%
  
1,300
   
2,427
   
2,427
   
31,547
   
37,700
 
Nordea Credit Facility ***
  
2.40
%
  
6,450
   
-
   
25,800
   
110,933
   
143,183
 
Total
      
16,770
   
5,129
   
64,307
   
411,040
   
497,247
 
Unamortized upfront fees bank loans
                      
(4,879
)
Total interest bearing debt
                      
492,368
 
* $100.0 mill. undrawn as of September 30, 2020.
** Change in margin relates to the refinancing of DHT Jaguar and applies from November 2020.
*** $70.3 mill. undrawn as of September 30, 2020.
Derivatives Interest Rate Swaps
$ in thousands
Expires
  
Notional amount
Q3 2020
   
Fair value
Q3 2020
 
Swap pays 2.987%, receive floating
Apr. 20, 2023
  
42,600
   
(2,816
)
Swap pays 3.012%, receive floating
Apr. 20, 2023
  
42,600
   
(2,842
)
Swap pays 3.019%, receive floating
Sept. 29, 2023
  
31,385
   
(2,343
)
Swap pays 3.019%, receive floating
Sept. 29, 2023
  
30,471
   
(2,266
)
Swap pays 2.8665%, receive floating
Sep. 29, 2023
  
46,903
   
(3,452
)
Swap pays 2.8785%, receive floating
Jun. 30, 2023
  
41,315
   
(2,804
)
Swap pays 2.885%, receive floating
Sept. 29, 2023
  
46,260
   
(3,433
)
Swap pays 2.897%, receive floating
Sept. 30, 2023
  
41,493
   
(3,066
)
Swap pays 3.020%, receive floating
Sept. 29, 2023
  
39,808
   
(3,055
)
 Total carrying amount
   
362,834
   
(26,076
)