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INTEREST EXPENSE (Tables)

12 Months Ended

Dec. 31, 2014

INTEREST EXPENSE [Abstract]

Schedule of 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

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Tabular disclosure of interest expense.

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