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REVENUES (Tables) | 12 Months Ended
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Dec. 31, 2024
REVENUES [Abstract] |
Voyage Revenues | Our voyage revenues consist of time charter revenues and spot charter revenues with the following split:
All figures in USD ‘000 |  | 2024 |  |  | 2023 |  |  | 2022 |
Spot Charter Revenues |  |  | 273,633 |  |  |  | 346,409 |  |  |  | 296,810 |
Time Charter Revenues |  |  | 76,109 |  |  |  | 45,278 |  |  |  | 42,530 |
Total Voyage Revenues |  |  | 349,742 |  |  |  | 391,687 |  |  |  | 339,340 |
Future Minimum Revenues | The future minimum revenues as at December 31, 2024, related to time charter agreements are as follows:
All figures in USD ‘000 |  | Amount |
2025 |  |  | 68,887 |
2026 |  |  | 47,747 |
2027 |  |  | 32,935 |
2028 |  |  | 20,763 |
2029 and thereafter |  |  | 12,167 |
Total Future Minimum Revenues |  |  | 182,499 |

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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 -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
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