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DEBT - $133 Million Credit Facility (Details) - Secured Debt |  |  |  | 3 Months Ended | 9 Months Ended
--- | --- | --- | --- | --- | ---
Jun. 15, 2020 USD ($) | Jun. 11, 2020 USD ($) | Aug. 14, 2018 USD ($) item | Sep. 30, 2020 USD ($) | Sep. 30, 2019 USD ($) | Sep. 30, 2020 USD ($) | Sep. 30, 2019 USD ($)
$108 Million Credit Facility |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Maximum borrowing capacity |  |  | $ 108,000,000 |  |  |  |
Term of facilities |  |  | 5 years |  |  |  |
$108 Million Credit Facility | Agreement To Purchase Ultramax And Capesize Vessels |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Number of vessels committed to be acquired under purchase agreement | item |  |  | 6 |  |  |  |
$133 Million Credit Facility |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  | $ 133,000,000 |  | $ 133,000,000 |
Drawdowns during the period |  |  |  |  |  | 24,000,000 |
Remaining borrowing capacity |  |  |  | 0 |  | 0 |
Repayment of secured debt |  |  |  | $ 2,380,000 | $ 1,580,000 | $ 5,660,000 | $ 4,740,000
Revolver |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Maximum borrowing capacity |  | $ 25,000,000 |  |  |  |  |
Minimum amounts of borrowings |  | 1,000 |  |  |  |  |
Consecutive quarterly commitment reductions |  | $ 1,900,000 |  |  |  |  |
Threshold percentage of ratio of outstanding loan to aggregate appraised value of collateral vessels. |  | 60.00% |  |  |  |  |
Drawdowns during the period | $ 24,000,000 |  |  |  |  |  |
Revolver | LIBOR |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |
Applicable margin over reference rate for interest payable |  | 3.00% |  |  |  |  |

X
- Definition The amount of consecutive quarterly commitment reduction at the end of the reporting period. + References No definition available. + Details
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- Definition Threshold borrowing limit under the line of credit facility at the end of the of the reporting period. + References No definition available. + Details
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- Definition Represents the number of vessels committed to be acquired by the entity under purchase agreement. + References No definition available. + Details
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- Definition Threshold percentage of ratio of outstanding loan to the aggregate appraised value of collateral vessels. + References No definition available. + Details
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- Definition Period remaining on line of credit facility before it terminates, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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