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OTHER NON-CURRENT ASSETS
 12 Months Ended
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).