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INTEREST EXPENSE (Tables)

12 Months Ended

Dec. 31, 2017

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 Credit Facility described in Note 10.

All amounts in USD '000		2017				2016				2015
Interest Expenses, net of capitalized interest			18,286				8,811				7,590
Commitment Fee			760				937				2,025
Amortization of Deferred Financing Costs			1,393				1,382				1,240
Other financial costs			25				40				-
Total Interest Expenses			20,464				11,170				10,855

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Tabular disclosure of interest expense.

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