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VOYAGE REVENUES (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022 and June 30, 2021:

All amounts in USD ‘000		2022				2021
Spot charter revenues			100,170				92,012
Time charter revenues			24,009				8,381
Total Voyage Revenues			124,179				100,393

Future Minimum Revenues

The future minimum revenues as of June 30, 2022 related to time charter revenues are as follows:

All amounts in USD ‘000		Amount
2022			11,394
2023			17,155
2024			17,202
2025			17,155
2026			17,155
Thereafter			24,561
Future minimum revenues			104,622

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- 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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981

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