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LONG-TERM DEBT AND LIQUIDITY (Tables)

6 Months Ended

Jun. 30, 2019

LONG-TERM DEBT AND LIQUIDITY [Abstract]

Aggregate Annual Principal Payments of Debt

As of June 30, 2019, the aggregate annual principal payments required to be made under the Company's debt facilities are as follows:

Debt payments in $'000s		Total				July 1, 2019 – June 30, 2020				July 1, 2020 – June 30, 2021				July 1, 2021 – June 30, 2022				July 1, 2022 – June 30, 2023				July 1, 2023 – June 30, 2024				More than 5 years
Senior Secured Credit Facility (1)			299,745				15,598				15,305				15,305				15,305				238,232				-
Financing of Newbuildings (2)			123,574				7,458				7,781				8,140				8,515				8,933				82,747
Total			423,319				23,056				23,086				23,445				23,820				247,165				82,747

(1) Refers to obligation to repay indebtness outstanding as of June 30, 2019 under the Senior Secured Credit Facility

(2) Refers to obligation to repay indebtness outstanding as of June 30, 2019 for three vessels delivered in 2018

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- References

No definition available.

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- Definition

Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

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