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VESSELS, NET (Tables)

12 Months Ended

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.

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No definition available.

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