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VESSELS, NET (Tables)

12 Months Ended

Dec. 31, 2014

VESSELS, NET [Abstract]

Vessels, net

Vessels, net, consist of the carrying value of 24 vessels and 22 vessels for the year ended December 31, 2015 and December 31, 2014, respectively. Vessels, net include drydocking costs.

All Figures in USD '000		2015				2014
Vessels			1,530,245				1,406,872
Drydocking			82,695				70,765
Total			1,612,940				1,477,637
Less Accumulated Depreciation			(650,255	)			(567,645	)
Vessels, net			962,685				909,992

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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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