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VESSELS (Tables)
 12 Months Ended
Dec. 31, 2023
VESSELS [Abstract]  
Vessels
Vessels consists of the carrying value of 20 and 19 vessels for the year ended December 31, 2023, and December 31, 2022, respectively. Vessels includes capitalized drydocking costs.

All figures in USD ‘000
  
2023
    
2022
  
Vessels Cost as of January 1
    
1,078,996
      
1,244,148
  
Additions Vessels
    
73,526
      
117,677
  
Disposals Vessels
     -    
(282,829
)
Drydocking Cost as of January 1
    
68,324
      
80,047
  
Additions Drydocking
    
11,275
      
12,774
  
Disposals Drydocking
    
-
   
(24,497
)
Total Cost Vessels and Drydocking
    
1,232,121
      
1,147,320
  
Less Accumulated Depreciation
    
(449,464
)
    
(398,113
)
Less Accumulated Impairment Loss on Vessels
    
(14,073
)
    
(14,073
)
Net Book Value Vessels as of December 31
    
768,584
      
735,134