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VESSELS (Tables)
 6 Months Ended
Jun. 30, 2022
VESSELS [Abstract]  
Vessels
The vessels held and used by the Company are reviewed for potential impairment whenever events or changes in circumstances indicate that the carrying amount of a particular vessel may not reflect its recoverable amount. If impairment indicators are present, the Company compares the estimate of the undiscounted cash flows expected to be generated by the assets to its carrying value when determining whether the assets are recoverable.

All figures in USD ‘000
  
June 30,
2022
    
December 31,
2021
  
Vessels and Drydocking Cost
    
1,231,782
      
1,324,195
  
Less Accumulated Depreciation
    
(444,142
)
    
(557,527
)
Less Accumulated Impairment Loss on Vessels
    
(26,654
)
    
(51,405
)
Net Book Value Vessels
     760,986       715,263  
Vessels Held for Sale
     14,783       14,960