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INTEREST EXPENSES

12 Months Ended

Dec. 31, 2019

INTEREST EXPENSES [Abstract]

INTEREST EXPENSES

11. INTEREST EXPENSES

Interest expenses consist of interest expense on the long-term debt, the commitment fee and amortization of deferred financing costs related to the Credit Facility described in Note 9.

All amounts in USD ‘000		2019				2018				2017
Interest Expenses, net of capitalized interest			34,018				29,753				18,286
Commitment Fee			-				3,325				760
Amortization of Deferred Financing Costs			4,372				1,470				1,393
Other financial costs			-				1				25
Total Interest Expenses			38,390				34,549				20,464

For the years ended December 31, 2019, 2018 and 2017, $0.0 million, $2.6 million and $2.5 million of interest expenses were capitalized, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for interest income and interest expense for enterprises that derive a significant portion of their revenue from interest collected on investments, loans, and securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.1-12)
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

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