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FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES (Tables) | 12 Months Ended
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Dec. 31, 2019
FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES [Abstract] |
Carrying Value of Estimated Fair Value of Financial Instruments | The carrying value and estimated fair value of the Company`s financial instruments at December 31, 2019 and 2018, are as follows:
All figures in USD ‘000 |  | Fair Value Hierarchy Level |  |  | 2019 Fair Value |  |  | 2019 Carrying Value |  |  | 2018 Fair Value |  |  | 2018 Carrying Value |
Recurring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  |  | 1 |  |  |  | 48,847 |  |  |  | 48,847 |  |  |  | 49,327 |  |  |  | 49,327 |
Restricted Cash |  |  | 1 |  |  |  | 12,791 |  |  |  | 12,791 |  |  |  | - |  |  |  | - |
Credit Facility |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | (313,400 | ) |  |  | (313,400 | )
2019 Senior Secured Credit Facility* |  |  | 2 |  |  |  | (291,798 | ) |  |  | (291,798 | ) |  |  | - |  |  |  | - |
Investment Securities |  |  | 1 |  |  |  | 825 |  |  |  | 825 |  |  |  | 4,197 |  |  |  | 4,197 |
Vessel financing 2018 Newbuildings* |  |  | 2 |  |  |  | (119,867 | ) |  |  | (119,867 | ) |  |  | (127,140 | ) |  |  | (127,140 | )
* The 2019 Senior Secured Credit Facility and Vessel financing 2018 Newbuildings carry a floating LIBOR interest rate, plus a margin and the fair value is assumed to equal the carrying value.

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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