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DEBT 2 (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2004
RBS$140Mloan [Member]
Dec. 31, 2007
RBS$140Mloan [Member]
Mar. 31, 2004
RBS$140Mloan [Member]
Dec. 31, 2009
Nordea $60M loan [Member]
Aug. 31, 2009
Nordea $60M loan [Member]
Dec. 31, 2010
Nordea $105M loan ($60M loan extension) [Member]
Jul. 31, 2010
Nordea $105M loan ($60M loan extension) [Member]
Dec. 31, 2010
Nordea $175M loan [Member]
Dec. 31, 2012
Nordea $175M loan [Member]
Dec. 31, 2012
DnB $58.24M loan [Member]
Dec. 31, 2010
DnB $58.24M loan [Member]
Jul. 01, 2010
DnB $58.24M loan [Member]
Dec. 31, 2012
Revolving Credit Facility for $175M loan
Average floating rate debt 2.93% 2.76%                          
Debt instrument, face amount         $ 140.00   $ 60.00   $ 105.00 $ 175.00       $ 58.24  
Number of tranches in loan       1 5   2     4       4  
Value per tranche     28.00     30.00       25.00     14.56    
Line of credit facility, increase, additional borrowings               47.5              
Number of vessels mortgaged           2                  
Revolving debt facility                             75
Number of years for loan         7 years   4 years                
Line of credit facility, amount outstanding                     99.3 12.4      
Repayment of bank debt as result of sale of vessel during period                       $ 41.3