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Fair values (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure of fair value measurement of assets [abstract]

Fair value measurement

	Carrying amount		Fair value
(in thousands of USD)	Financial assets		Level 1	Level 2	Level 3	Total
December 31, 2019
Financial assets measured at fair value
Vessels (see also note 5)	37,346		37,346	-	-	37,346
	37,346
	Other financial liabilities
Financial liabilities measured at fair value
Derivative financial instruments	622		-	-	622	622
	622

Financial liabilities not measured at fair value
Long-term borrowings	38,487		-	39,853	-	39,853
	38,487

	Carrying amount		Fair value
(in thousands of USD)	Other financial liabilities		Level 1	Level 2	Level 3	Total
December 31, 2018

Financial liabilities measured at fair value
Derivative financial instruments	831		-	-	831	831
	831

Financial liabilities not measured at fair value
Long-term borrowings	37,163		-	37,030	-	37,030
	37,163

Valuation techniques and significant unobservable inputs

Financial instruments measured at fair value

Type		Valuation Techniques					Significant unobservable inputs

Vessels		Quoted (unadjusted) prices in active markets for identical assets less costs of disposal					-

Derivative financial instruments:
Firment		Black-Scholes model					Refer to note 2.30
Convertible Note		Monte Carlo model					Refer to note 2.30

Financial instruments not measured at fair value

Type		Valuation Techniques					Significant unobservable inputs

Long-term borrowings		Discounted cash flow					Discount rate