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OTHER NON-CURRENT ASSETS | 12 Months Ended
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Dec. 31, 2017
OTHER NON-CURRENT ASSETS [Abstract] |
OTHER NON-CURRENT ASSETS |
8. | OTHER NON-CURRENT ASSETS
All figures in USD '000 |  | 2017 |  |  | 2016 |
Fixture, Furniture and Equipment |  |  | 169 |  |  |  | 338 |
Arrangement fees Backstop facility and Newbuildings |  |  | 15,484 |  |  |  | - |
Long term Deposit (Restricted Cash) |  |  | - |  |  |  | 10,149 |
Other |  |  | 316 |  |  |  | - |
Total as of December 31, |  |  | 15,969 |  |  |  | 10,487 |
The Long-Term Deposit relates to the Company having transferred cash to a restricted bank account in accordance with the deferred compensation agreement for the Chairman, President and CEO, described in Note 7. The Company has in 2017 incurred customary arrangement fees in relation to entering into the Backstop Facility agreement and mandate letter as part of the recapitalization program and securing financing of its three newbuildings (see further information in note 3 and 10).

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