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EFFECTIVE INTEREST RATE, OUTSTANDING MORTGAGE DEBT AND BANK LOANS (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Effective Interest Rate, Outstanding Mortgage Debt And Bank Loans [Abstract]  
Schedule of effective interest rate, outstanding mortgage debt and bank loans
        2018   2017   2016
USDm   Fixed/
floating
  Maturity   Effective
interest1)
    Carrying
value2)
    Maturity   Effective
interest1)
    Carrying
value2)
    Maturity   Effective
interest1)
    Carrying
value2)
 
LOAN                                                                
DSF Facility 1 (USD)   Floating   2021     5.6 %     64.1     2021     5.4 %     74.2     2019     4.6 %     109.4  
TFA Facility 1 (USD)   Floating   2021     6.0 %     331.3     2021     5.0 %     400.8     2021     4.6 %     470.0  
DSF Facility 2 (USD)   Floating   2021     5.6 %     52.4     2021     5.0 %     56.5     2021     4.6 %     62.2  
DSF Facility 3 (USD)   Floating   2022     5.6 %     24.3     2022     5.1 %     26.8     2022     4.8 %     30.0  
TFA Facility 2 (USD)   Floating   2022     5.4 %     103.7     2022     5.4 %     115.0     N/A     N/A       -  
ING (USD)   Floating   2024     4.6 %     42.0     2024     4.6 %     45.8     N/A     N/A       -  
CEXIM   Floating   2030     5.3 %     111.7     N/A     N/A       -     N/A     N/A       -  
Weighted average effective interest rate             5.6 %                 5.1 %                 4.6 %        
Carrying value                     729.5                   719.1                   671.6  
                                                                 
Hereof non-current 2)                     637.3                   633.1                   595.7  
Hereof current 2)                     92.2                   86.0                   75.9  

 

1) Effective interest rate includes deferred and amortized bank fees.
2) The carrying value of the Group's mortgage debt and bank loans is, because of floating interest rate, approximate to fair value. The carrying value are excluding amortized bank fees recognized in the balance sheet.