Financial risk management, objectives and policies (Tables)

12 Months Ended

Dec. 31, 2020

Financial risk management, objectives and policies [Abstract]

The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting dates was:

(Dollars in thousands)	2020		2019
Cash and cash equivalents	$	68,641	$	67,356
Accounts receivable and accrued revenues		30,060		107,848
Maximum credit exposure	$	98,700	$	175,204

Contractual Maturities of Financial Liabilities

The following are contractual maturities of financial liabilities, including estimated interest payments on an undiscounted basis. Swap payments are the net effect from paying fixed rate/ receive LIBOR. The LIBOR interest spot rate at December 31, 2020 (and spot rate at December 31, 2019 for comparatives) is used as a basis for preparation.

As of December 31, 2020
			2 to 5		More than
(Dollars in thousands)	1 year		years		5 years		Total
Interest bearing loans	$	19,110	$	475,441	$	-	$	494,552
Interest rate swaps		8,541		12,415		-		20,956
Total	$	27,651	$	487,857	$	-	$	515,507

As of December 31, 2019
			2 to 5		More than
(Dollars in thousands)	1 year		years		5 years		Total
Interest bearing loans	$	140,707	$	855,593	$	-	$	996,301
Interest rate swaps		3,523		8,105		-		11,629
Total	$	144,230	$	863,699	$	-	$	1,007,929