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VESSELS, NET (Tables)

12 Months Ended

Dec. 31, 2017

VESSELS, NET [Abstract]

Vessels, net

Vessels, net, consist of the carrying value of 30 vessels and 29 vessels for the year ended December 31, 2017 and December 31, 2016, respectively. Vessels, net include drydocking costs.

All Figures in USD '000		2017				2016
Vessels			1,769,967				1,700,040
Drydocking			119,303				99,153
Total			1,889,270				1,799,193
Less Accumulated Depreciation			(842,977	)			(741,144	)
Less Impairment Loss on Vessels			(110,480	)			-
Vessels, net			935,813				1,058,049

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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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