XML 57 R39.htm IDEA: XBRL DOCUMENT
v3.19.1

VOYAGE REVENUES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
VOYAGE REVENUES [Abstract] |
Voyage Revenues | Our voyage revenues for the year ended December 31, 2018 consist of timecharter revenues and spot charter revenues with the following split:
All amounts in USD ‘000 |  | 2018 |  |  | 2017 |  |  | 2016 |
Spot charter revenues* |  |  | 259,978 |  |  |  | 257,978 |  |  |  | 325,314 |
Time charter revenues |  |  | 29,038 |  |  |  | 39,646 |  |  |  | 32,137 |
Total Voyage Revenues |  |  | 289,016 |  |  |  | 297,141 |  |  |  | 357,451 |
*Spot charter revenues for 2018 is presented in accordance we ASC 606 Revenue from Contracts with Customers. The comparative information has not been restated.
Future Minimum Revenues | The future minimum revenues as at December 31, 2018 related to timecharter revenues are as follows:
All amounts in USD ‘000 |  | Amount |
2019 |  |  | 18,315 |
2020 |  |  | 7,686 |
2021 |  |  | 7,315 |
Future minimum revenues |  |  | 33,316 |

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=77888428&loc=SL77919396-209981 + Details
Name: | us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration