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v3.20.1

VESSELS (Tables) | 12 Months Ended
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Dec. 31, 2019
VESSELS [Abstract] |
Vessels | The estimated useful life of a vessel is 25 years from the date the vessel is delivered from the shipyard.
All figures in USD ‘000 |  | 2019 |  |  | 2018 |
Vessels as of January 1 |  |  | 1,307,087 |  |  |  | 1,769,967 |
Additions Vessels |  |  | 2,531 |  |  |  | 169,446 |
Disposals Vessels |  |  | - |  |  |  | (632,326 | )
Drydocking as of January 1 |  |  | 52,331 |  |  |  | 119,303 |
Additions Drydocking |  |  | 7,618 |  |  |  | 8,210 |
Disposals Drydocking |  |  | - |  |  |  | (75,182 | )
Total Vessels and Drydocking |  |  | 1,369,567 |  |  |  | 1,359,418 |
Less Accumulated Depreciation |  |  | (469,570 | ) |  |  | (405,660 | )*
Less Accumulated Impairment Loss on Vessels |  |  | - |  |  |  | - | **
Vessels |  |  | 899,997 |  |  |  | 953,758 |
*Depreciation charges of $497.0 million related to vessels disposed of in 2018 is excluded ** Impairment charges of $2.2 million and $110.5 million related to vessels disposed of in 2018 is excluded

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- Definition Tabular disclosure of net book value, accumulated depreciation, and depreciation expense of vessels that are used in the normal conduct of business and not intended for resale. + References No definition available. + Details
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Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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