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OTHER NON-CURRENT ASSETS | 12 Months Ended
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Dec. 31, 2013
OTHER NON-CURRENT ASSETS [Abstract] |
OTHER NON-CURRENT ASSETS |
9. | OTHERNON-CURRENT ASSETS
All figures in USD '000 |  | 2013 |  |  | 2012 |
Investment in joint venture |  |  | - |  |  |  | 271 |
Fixture, Furniture and Equipment |  |  | 1,129 |  |  |  | - |
Warrants |  |  | 915 |  |  |  |  |
Deferred Finance Costs |  |  | 3,460 |  |  |  | 4,938 |
Long term deposit |  |  | 5,000 |  |  |  | - |
Total as of December 31, |  |  | 10,504 |  |  |  | 5,209 |
Fixture, furniture and equipment were acquired as part of the acquisition of Orion and Scandic. The long term deposit relates to the Company transferring cash to a restricted account in accordance with the deferred compensation agreement for Herbjørn Hansson, the Chairman, President and CEO, described in Note 6. The deferred finance cost is a result of the Company entering into a $430 million revolving credit facility (the "2012 Credit Facility"). The finance cost of $6.1 million that were incurred was deferred and is being amortized over the term of the 2012 Credit Facility on a straight-line basis. The 2012 Credit Facility matures in late October 2017. For further information related to the warrants please see Note 10.

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