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REVENUE (Tables) | 12 Months Ended
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Dec. 31, 2012
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.
Voyage Revenues All figures in USD '000 |  | 2012 |  |  | 2011 |  |  | 2010 |
Net pool spot market earnings, cooperative arrangements |  |  | 77,287 |  |  |  | 76,618 |  |  |  | 119,598 |
Gross pool spot market earnings, Orion Tankers pool |  |  | 36,339 |  |  |  | – |  |  |  | – |
Gross spot market earnings, through spot charters |  |  | 17,056 |  |  |  | 18,169 |  |  |  | – |
Bareboat revenues |  |  | – |  |  |  | – |  |  |  | 6,818 |
Total Voyage Revenues |  |  | 130,682 |  |  |  | 94,787 |  |  |  | 126,416 |

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