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VOYAGE REVENUES (Tables)

6 Months Ended

Jun. 30, 2021

VOYAGE REVENUES [Abstract]

Voyage Revenues

Our voyage revenues consist of time charter revenues and spot charter revenues with the following split for the six-month periods ended June 30, 2021 and June 30, 2020:

All amounts in USD ‘000		2021				2020
Spot charter revenues			92,012				206,242
Time charter revenues			8,381				48,491
Total Voyage Revenues			100,393				254,733

Future Minimum Revenues

The future minimum revenues as at June 30, 2021 related to time charter revenues are as follows:

All amounts in USD ‘000		Amount
2021			4,261
2022			-
2023			-
Future minimum revenues			4,261

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

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- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 30
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981

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