XML 54 R36.htm IDEA: XBRL DOCUMENT
v3.22.1

FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES [Abstract] |
Carrying Value of Estimated Fair Value of Financial Instruments | The carrying value and estimated fair value of the Company`s financial instruments at December 31, 2021 and 2020, are as follows:
All figures in USD ‘000 Recurring: |  | Fair Value Hierarchy Level |  |  | 2021 Fair Value |  |  | 2021 Carrying Value |  |  | 2020 Fair Value |  |  | 2020 Carrying Value |
Cash and Cash Equivalents |  |  | 1 |  |  |  | 34,739 |  |  |  | 34,739 |  |  |  | 57,847 |  |  |  | 57,847 |
Restricted Cash |  |  | 1 |  |  |  | 9,909 |  |  |  | 9,909 |  |  |  | 4,223 |  |  |  | 4,223 |
2019 Senior Secured Credit Facility including $30 million Accordion Loan |  |  | 2 |  |  |  | (223,122 | ) |  |  | (223,122 | ) |  |  | (253,902 | ) |  |  | (253,902 | )
Financing of 2018-built Vessels |  |  | 2 |  |  |  | (104,277 | ) |  |  | (104,277 | ) |  |  | (112,238 | ) |  |  | (112,238 | )
Non-recurring |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Vessels* (footnote 4) |  |  | 2 |  |  |  | 93,710 |  |  |  | 93,710 |  |  |  | - |  |  |  | - |
* Vessels measured at fair value are included as part of the Vessels and Vessel Held for Sale balances of $715.3 million and $15.0 million, respectively, in our consolidated balance sheet as of December 31, 2021.

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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