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EFFECTIVE INTEREST RATE, OUTSTANDING MORTGAGE DEBT AND BANK LOANS (Detail Textuals) $ in Millions | 12 Months Ended |  |  |
--- | --- | --- | --- | ---
Dec. 31, 2017 USD ($) Bank Tankers Newbuildings | Dec. 31, 2016 USD ($) | Dec. 31, 2015 USD ($) | Jul. 31, 2015 USD ($)
Disclosure of detailed information about borrowings [line items] |  |  |  |
Working capital facility | $ 271 | $ 190 | $ 75 |
Funding commitment | 307 | $ 149 | $ 224 |
Danish ship finance | Announcement of Event Occuring in 2019 |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Funding commitment | $ 81 |  |  |
Number of year facility to finance newbuilding | 7 years |  |  |
Danish ship finance | Announcement of Event Occuring in 2019 | MR |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Number of tanker | Tankers | 4 |  |  |
Number of newbuilding | Newbuildings | 4 |  |  |
Danish ship finance | Announcement of Event Occuring in 2019 | LR1 |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Number of tanker | Tankers | 2 |  |  |
China export import Bank | Announcement of Event Occuring in 2018 | LR2 |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Number of tanker | Tankers | 4 |  |  |
Funding commitment | $ 115 |  |  |
Number of year facility to finance newbuilding | 12 years |  |  |
Working capital facility |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Working capital facility | $ 75 |  |  | $ 75
Term Facility |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |
Number of bank | Bank | 4 |  |  |

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