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REVENUE (Tables)

12 Months Ended

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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Tabular disclosure of net method and gross method revenue.

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