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PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2012
PREPAID EXPENSES AND OTHER CURRENT ASSETS [Abstract] |
Prepaid expenses and other current assets |
All figures in USD '000 |  | 2012 |  |  | 2011 |
Prepaid expenses |  |  | 3,137 |  |  |  | 2,714 |
Deposit on Contracts, Nordic Galaxy |  |  | - |  |  |  | 9,000 |
Deferred Financing Costs |  |  | 1,228 |  |  |  | 653 |
Voyage in Progress – temporarily spot charters |  |  | - |  |  |  | 5,233 |
Working Capital, cooperative arrangements |  |  | - |  |  |  | 12,779 |
Other |  |  | 1,184 |  |  |  | 1,389 |
Total as of December 31, |  |  | 5,549 |  |  |  | 31,768 |

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