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INTEREST EXPENSE
 12 Months Ended
Dec. 31, 2014
INTEREST EXPENSE [Abstract]  
INTEREST EXPENSE
11.INTEREST EXPENSE
Interest expenses consist of interest expense on the long term debt, the commitment fee and amortization of deferred financing costs related to the 2012 Credit Facility described in Note 10.
All amounts in USD '000
 
2015
  
2014
  
2013
 
Interest Expenses, net of capitalized interest
  
7,590
   
8,686
   
7,950
 
Commitment Fee
  
2,025
   
2,330
   
2,340
 
Amortization of Deferred Financing Costs
  
1,240
   
1,228
   
1,228
 
Total Interest Expenses
  
10,855
   
12,244
   
11,518
 


For the years ended December 31, 2015, 2014 and 2013, $1.0 million, $0.0 million and $0.0 million of interest expenses were capitalized.