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IMPAIRMENT TESTING (Details textuals) - USD ($) $ in Millions | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract] |  |  |
Projected cash flows calculation period | 10 years |  |
Impairment charge arising in current year | $ 20 |  |
Discount rate used in calculation based on a Weighted Average Cost of Capital (WACC) | 8.70% | 8.80% | 8.30%

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- Definition The discount rate used in the current estimate of the present value of the future cash flows expected to be derived from an asset or cash-generating unit. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2017-01-01 -Paragraph 130 -Subparagraph g -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=36&date=2017-03-01&anchor=para_130_g&doctype=Standard -URIDate 2017-03-09 + Details
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- References No definition available. + Details
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- Definition The impairment charge for current year if clarkson's freight rates would have been used. + References No definition available. + Details
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- Definition Period over which adjusted average rates are considered for estimating future freight rates. + References No definition available. + Details
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