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ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2013
Accounting Policies [Abstract] |
Use of Estimates, Policy [Policy Text Block] | Use of estimates The preparation of financial statements in accordance with U.S. GAAP requires that management make estimates and assumptions affecting the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Useful lives applied in depreciation | Useful lives applied in depreciation are as follows:
Vessels | 40 to 50 years
Deferred drydocking expenditure | two to five years
Office equipment and fittings | three to six years
Amounts recognized in accumulated other comprehensive income | The amounts recognized in accumulated other comprehensive income consist of:
(in thousands of $) | 2013 |  |  | 2012 |
Net actuarial loss | 12,731 |  |  | 17,809 |
As at December 31, 2013 and 2012, our accumulated other comprehensive loss balances consisted of the following components:
(in thousands of $) | 2013 |  |  | 2012 |  |  | 2011 |
Unrealized net loss on qualifying cash flow hedging instruments | (1,822 | ) |  | (6,832 | ) |  | (19,462 | )
Unrealized gain on available-for-sale securities | 7,796 |  |  | 5,911 |  |  | — |
Losses associated with pensions, net of tax recoveries of $0.2 million (2012: $0.3 million) | (12,731 | ) |  | (17,809 | ) |  | (15,486 | )
Accumulated other comprehensive loss | (6,757 | ) |  | (18,730 | ) |  | (34,948 | )
The components of accumulated other comprehensive income (loss) consisted of the following:
| Gain (losses) on available-for-sale securities | Pension and post retirement benefit plan adjustments | Gains (losses) on cash flow hedges | Share of affiliates comprehensive income | Total Accumulated comprehensive Income (loss)
Balance at December 31, 2010 | — |  | (12,347 | ) | (20,964 | ) | — |  | (33,311 | )
Other comprehensive (loss) income before reclassification | — |  | (3,139 | ) | 1,502 |  | — |  | (1,637 | )
Net current-period other comprehensive (loss) income | — |  | (3,139 | ) | 1,502 |  | — |  | (1,637 | )
Balance at December 31, 2011 | — |  | (15,486 | ) | (19,462 | ) | — |  | (34,948 | )
Other comprehensive income (loss) before reclassification | 5,911 |  | (2,323 | ) | 3,641 |  | — |  | 7,229 |
Amount reclassified from accumulated other comprehensive income | — |  | — |  | 8,989 |  | — |  | 8,989 |
Net current-period other comprehensive income (loss) | 5,911 |  | (2,323 | ) | 12,630 |  | — |  | 16,218 |
Balance at December 31, 2012 | 5,911 |  | (17,809 | ) | (6,832 | ) | — |  | (18,730 | )
Other comprehensive income before reclassification | 12,680 |  | 5,078 |  | 4,148 |  | 854 |  | 22,760 |
Amount reclassified from accumulated other comprehensive (loss) income | (10,795 | ) | — |  | 8 |  | — |  | (10,787 | )
Net current-period other comprehensive income | 1,885 |  | 5,078 |  | 4,156 |  | 854 |  | 11,973 |
Balance at December 31, 2013 | 7,796 |  | (12,731 | ) | (2,676 | ) | 854 |  | (6,757 | )

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph b -Article 5 + Details
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669686-108580 + Details
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- Definition Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6143-108592 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6132-108592 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6061-108592 + Details
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