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FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES (Tables) | 12 Months Ended
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Dec. 31, 2024
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, 2024 and 2023, are as follows:
All figures in USD ‘000 Recurring: |  | Fair Value Hierarchy Level |  |  | 2024 Fair Value |  |  | 2024 Carrying Value |  |  | 2023 Fair Value |  |  | 2023 Carrying Value |
Cash and Cash Equivalents |  |  | 1 |  |  |  | 39,177 |  |  |  | 39,177 |  |  |  | 31,078 |  |  |  | 31,078 |
Restricted Cash |  |  | 1 |  |  |  | 5,207 |  |  |  | 5,207 |  |  |  | 2,283 |  |  |  | 2,283 |
2019 Senior Secured Credit Facility including $30 million Accordion Loan |  |  | 2 |  |  |  | (72,561 | ) |  |  | (72,494 | ) |  |  | (84,640 | ) |  |  | (84,155 | )
Financing of 2018-built Vessels |  |  | 2 |  |  |  | (78,101 | ) |  |  | (77,241 | ) |  |  | (87,239 | ) |  |  | (86,145 | )
Financing of 2022-built Vessels |  |  | 2 |  |  |  | (73,836 | ) |  |  | (73,028 | ) |  |  | (79,351 | ) |  |  | (78,425 | )
Financing of Nordic Hawk |  |  | 2 |  |  |  | (47,524 | ) |  |  | (46,941 | ) |  |  | (53,540 | ) |  |  | (52,871 | )

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- 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 -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- References No definition available. + Details
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