Table:
| All amounts in USD ‘000 | 2019 | 2018 | 2017 |
| --- | --- | --- | --- |
| Spot charter revenues* | 283,007 | 259,978 | 257,495 |
| Time charter revenues | 34,213 | 29,038 | 39,646 |
| Total Voyage Revenues | 317,220 | 289,016 | 297,141 |
Paragraphs:
3. VOYAGE REVENUES
Our voyage revenues consist of time charter revenues and spot charter revenues with the following split:
*Spot charter revenues for 2019 and 2018 are presented in accordance we ASC 606 Revenue from Contracts with Customers. The comparative information for 2017 has not been restated.
Question:
What is the value of the 2019 time charter revenues as a percentage of the 2018 time charter revenues?
Answer: 34213/29038  = 117.82