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ACCRUED LIABILITIES | 12 Months Ended
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Dec. 31, 2013
ACCRUED LIABILITIES [Abstract] |
ACCRUED LIABILITIES | 14. ACCRUED LIABILITIES
All figures in USD '000 |  | 2013 |  |  | 2012 |
Accrued Interest |  |  | 1,600 |  |  |  | 1,730 |
Accrued Expenses |  |  | 4,967 |  |  |  | 8,613 |
Total as of December 31, |  |  | 6,567 |  |  |  | 10,343 |
The decrease of accrued expenses as of December 31, 2013 to $5.0 million from $8.6 million as of December 31, 2012, is related to unpaid drydocking costs of $1.1 million that were capitalized in 2013, but are due for payment in 2014, compared to $4.0 million related to unpaid drydocking costs that were capitalized in 2012, but due for payment in 2013.

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Subparagraph a -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 24 -Article 5 + Details
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