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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