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VOYAGE REVENUES (Tables) | 12 Months Ended
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Dec. 31, 2019
VOYAGE REVENUES [Abstract] |
Voyage Revenues | Our voyage revenues consist of time charter revenues and spot charter revenues with the following split:
All amounts in USD ‘000 |  | 2019 |  |  | 2018 |  |  | 2017 |
Spot charter revenues* |  |  | 283,007 |  |  |  | 259,978 |  |  |  | 257,495 |
Time charter revenues |  |  | 34,213 |  |  |  | 29,038 |  |  |  | 39,646 |
Total Voyage Revenues |  |  | 317,220 |  |  |  | 289,016 |  |  |  | 297,141 |
*Spot charter revenues for 2019 and 2018 are presented in accordance we ASC 606 Revenue from Contracts with Customers. The comparative information for 2017 has not been restated.
Future Minimum Revenues | The future minimum revenues as at December 31, 2019 related to time charter revenues are as follows:
All amounts in USD ‘000 |  | Amount |
2020 |  |  | 27,932 |
2021 |  |  | 7,317 |
2022 |  |  | - |
Future minimum revenues |  |  | 35,249 |

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