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VESSELS, NET (Tables) | 12 Months Ended
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Dec. 31, 2012
VESSELS, NET [Abstract] |
Vessels, net | Vessels, net, consist of the carrying value of 20 vessels including drydocking costs.
All figures in USD '000 |  | Vessels |  |  | Drydocking |  |  | Total |
Carrying Value December 31, 2011 |  |  | 1,005,147 |  |  |  | 17,646 |  |  |  | 1,022,793 |
Accumulated depreciation December 31, 2011 |  |  | 334,846 |  |  |  | 9,398 |  |  |  | 344,244 |
Depreciation expense 2011 |  |  | 59,102 |  |  |  | 5,524 |  |  |  | 64,626 |
Carrying Value December 31, 2012 |  |  | 933,424 |  |  |  | 31,431 |  |  |  | 964,855 |
Accumulated depreciation December 31, 2012 |  |  | 397,641 |  |  |  | 15,822 |  |  |  | 413,463 |
Impairment Loss on Vessel 2012 |  |  | 12,030 |  |  |  | - |  |  |  | 12,030 |
Depreciation expense 2012 |  |  | 62,795 |  |  |  | 6,424 |  |  |  | 69,219 |

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- Definition Tabular disclosure of net book value, accumulated depreciation, and depreciation expense of vessels that are used in the normal conduct of business and not intended for resale. + References No definition available. + Details
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