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Fair values (Tables)

6 Months Ended

Jun. 30, 2020

Disclosure of fair value measurement of assets [abstract]

Fair value measurement

	Carrying amount	Fair value
(in thousands of USD)		Level 1	Level 2	Level 3	Total
June 30, 2020
	Other financial liabilities
Financial liabilities measured at fair value
Derivative financial instruments	713	-	-	713	713
	713

Financial liabilities not measured at fair value
Long-term borrowings	37,307	-	38,353	-	38,353
	37,307

	Carrying amount	Fair value
(in thousands of USD)		Level 1	Level 2	Level 3	Total
December 31, 2019
Assets measured at fair value
Vessels	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

Valuation techniques and significant unobservable inputs

Assets and liabilities 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 of the Annual Report
Convertible Note		Monte Carlo model					Refer to note 2.30 of the Annual Report

Asset and liabilities not measured at fair value

Type		Valuation Techniques					Significant unobservable inputs

Long-term borrowings		Discounted cash flow					Discount rate