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FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018
--- | --- | ---
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] |  |  |
Investment Securities |  | $ 825 | $ 0
Fair Value [Member] | Level 1 [Member] | Recurring [Member] |  |  |
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] |  |  |
Cash and Cash Equivalents |  | 48,847 | 49,327
Restricted Cash |  | 12,791 | 0
Investment Securities |  | 825 | 4,197
Fair Value [Member] | Level 2 [Member] | Recurring [Member] |  |  |
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] |  |  |
Credit Facility |  | 0 | (313,400)
2019 Senior Secured Credit Facility | [1] | (291,798) | 0
Vessel financing 2018 Newbuildings | [1] | (119,867) | (127,140)
Carrying Value [Member] | Level 1 [Member] | Recurring [Member] |  |  |
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] |  |  |
Cash and Cash Equivalents |  | 48,847 | 49,327
Restricted Cash |  | 12,791 | 0
Investment Securities |  | 825 | 4,197
Carrying Value [Member] | Level 2 [Member] | Recurring [Member] |  |  |
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] |  |  |
Credit Facility |  | 0 | (313,400)
2019 Senior Secured Credit Facility | [1] | (291,798) | 0
Vessel financing 2018 Newbuildings | [1] | $ (119,867) | $ (127,140)
[1] | 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 Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
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- Definition Fair value portion of deposit liabilities held by the entity, including, but not limited to, foreign and domestic, interest and noninterest bearing, demand deposits, saving deposits, negotiable orders of withdrawal (NOW) and time deposits. + References No definition available. + Details
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- Definition Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=99377092&loc=SL75136599-209740 + Details
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- Definition Fair value portion of contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time. + References No definition available. + Details
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