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INTEREST EXPENSES (Tables) | 12 Months Ended
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Dec. 31, 2020
INTEREST EXPENSES [Abstract] |
Interest Expense on Long-term Debt | Interest expenses consist of interest expense on the long-term debt and amortization of deferred financing costs related to the facilities described in Note 9.
All figures in USD ‘000 |  | 2020 |  |  | 2019 |  |  | 2018 |
Interest Expenses, net of capitalized interest |  |  | 27,127 |  |  |  | 34,018 |  |  |  | 29,753 |
Commitment Fee |  |  | - |  |  |  | - |  |  |  | 3,325 |
Amortization of Deferred Financing Costs |  |  | 4,354 |  |  |  | 4,372 |  |  |  | 1,470 |
Other financial costs |  |  | - |  |  |  | - |  |  |  | 1 |
Total Interest Expenses |  |  | 31,481 |  |  |  | 38,390 |  |  |  | 34,549 |

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