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REVENUE (Tables) | 12 Months Ended
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Dec. 31, 2011
REVENUE [Abstract] |
Net method and gross method revenue | The table below provides the breakdown of revenues recorded as per the net method and the gross method.
All figures in USD ‘000 |  | 2011 |  |  | 2010 |  |  | 2009 |
Net voyage revenues, pool earnings |  |  | 76,618 |  |  |  | 119,598 |  |  |  | 102,229 |
Gross voyage revenues, temporarily spot charters |  |  | 18,169 |  |  |  | - |  |  |  | 15,817 |
Bareboat revenues |  |  | - |  |  |  | 6,818 |  |  |  | 6,324 |
Total Voyage Revenues |  |  | 97,787 |  |  |  | 129,16 |  |  |  | 124,370 |

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