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SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2016
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	11. SUBSEQUENT EVENTS In August 2016, the Company paid a dividend of $0.25 per common share. The arbitration matter with Gulf Navigation was settled in September 2016. In addition to the amount received, the Company made reversal of other related accruals, which will have a positive accounting impact to NAT of approximately $5.3 million in total. The settlement will be recognized in the Statements of Operations in September when it was received. On July 11, 2016, the Company announced that it had taken delivery of the second-hand Suezmax vessel Nordic Pollux. On September 8, 2016, the Company announced that it had taken delivery of the newbuild Suezmax vessel Nordic Star. The Company has $447.0 million outstanding on its Credit Facility as of the date of this report.

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- Definition

Tabular disclosure of significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662

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No definition available.

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