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RELATED PARTY TRANSACTIONS (Details)
12 Months Ended 1 Months Ended 8 Months Ended 12 Months Ended 25 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2013
USD ($)
Dec. 31, 2012
USD ($)
Dec. 31, 2011
USD ($)
Oct. 31, 2012
Unsecured debt
Senior Unsecured Bonds
USD ($)
Apr. 30, 2006
Unsecured debt
World Shipholding facility
Dec. 31, 2013
Unsecured debt
World Shipholding facility
USD ($)
Dec. 31, 2013
Unsecured debt
World Shipholding facility
USD ($)
May 01, 2013
Unsecured debt
World Shipholding facility
Dec. 31, 2012
Unsecured debt
World Shipholding facility
USD ($)
May 31, 2012
Unsecured debt
World Shipholding facility
USD ($)
Feb. 29, 2012
Unsecured debt
World Shipholding facility
USD ($)
Jan. 31, 2012
Unsecured debt
World Shipholding facility
USD ($)
Jan. 18, 2012
Bluewater Gandria
USD ($)
Dec. 31, 2012
Bluewater Gandria
USD ($)
Dec. 31, 2013
Golar LNG Partners
Apr. 30, 2011
Golar LNG Partners
Jan. 30, 2011
Golar LNG Partners
Apr. 30, 2011
Golar LNG Partners
Dec. 31, 2013
Golar LNG Partners
USD ($)
Dec. 31, 2012
Golar LNG Partners
USD ($)
Dec. 31, 2011
Golar LNG Partners
USD ($)
Jan. 31, 2012
Golar LNG Partners
Golar Energy [Member]
USD ($)
Oct. 31, 2012
Golar LNG Partners
Unsecured debt
Senior Unsecured Bonds
USD ($)
Oct. 31, 2012
Golar LNG Partners
Unsecured debt
Senior Unsecured Bonds
NOK
Dec. 31, 2013
Golar LNG Partners
Tax lease indemnification [Member]
USD ($)
Dec. 31, 2012
Golar LNG Partners
Tax lease indemnification [Member]
USD ($)
Dec. 31, 2013
Golar LNG Partners
Debt and capital lease obligations
USD ($)
Dec. 31, 2013
Golar LNG Partners
Golar Freeze
Oct. 31, 2011
Golar LNG Partners
Golar Freeze
USD ($)
Jul. 31, 2012
Golar LNG Partners
NR Satu
USD ($)
Dec. 31, 2013
Golar LNG Partners
Management and administrative services fees
USD ($)
Dec. 31, 2012
Golar LNG Partners
Management and administrative services fees
USD ($)
Dec. 31, 2011
Golar LNG Partners
Management and administrative services fees
USD ($)
Dec. 31, 2013
Golar LNG Partners
Ship management fees
USD ($)
Dec. 31, 2012
Golar LNG Partners
Ship management fees
USD ($)
Dec. 31, 2011
Golar LNG Partners
Ship management fees
USD ($)
Dec. 31, 2013
Golar LNG Partners
Interest income on vendor financing loan
Golar Freeze
USD ($)
Dec. 31, 2012
Golar LNG Partners
Interest income on vendor financing loan
Golar Freeze
USD ($)
Dec. 31, 2011
Golar LNG Partners
Interest income on vendor financing loan
Golar Freeze
USD ($)
Dec. 31, 2013
Golar LNG Partners
Interest income on vendor financing loan
NR Satu
USD ($)
Dec. 31, 2012
Golar LNG Partners
Interest income on vendor financing loan
NR Satu
USD ($)
Dec. 31, 2011
Golar LNG Partners
Interest income on vendor financing loan
NR Satu
USD ($)
Dec. 31, 2013
Golar LNG Partners
Interest income on high-yield bonds
USD ($)
Dec. 31, 2012
Golar LNG Partners
Interest income on high-yield bonds
USD ($)
Dec. 31, 2011
Golar LNG Partners
Interest income on high-yield bonds
USD ($)
Dec. 31, 2013
Golar LNG Partners
Interest income on Golar Energy loan
USD ($)
Dec. 31, 2012
Golar LNG Partners
Interest income on Golar Energy loan
USD ($)
Dec. 31, 2011
Golar LNG Partners
Interest income on Golar Energy loan
USD ($)
Dec. 31, 2013
Golar LNG Partners
Trading balances due to Golar and affiliates
USD ($)
Dec. 31, 2012
Golar LNG Partners
Trading balances due to Golar and affiliates
USD ($)
Dec. 31, 2013
Golar LNG Partners
Methane Princess lease security deposit movements [Member]
USD ($)
Dec. 31, 2012
Golar LNG Partners
Methane Princess lease security deposit movements [Member]
USD ($)
Dec. 31, 2013
Golar LNG Partners
Revolving credit facility
USD ($)
Apr. 13, 2011
Golar LNG Partners
Revolving credit facility
USD ($)
Dec. 31, 2013
Faraway Maritime Shipping Company
USD ($)
Dec. 31, 2012
Faraway Maritime Shipping Company
USD ($)
Dec. 31, 2011
Faraway Maritime Shipping Company
USD ($)
Dec. 31, 2013
Faraway Maritime Shipping Company
Golar LNG Partners
Dec. 31, 2013
Faraway Maritime Shipping Company
CPC Corporation, Taiwan
Dec. 31, 2013
World Shipholding
USD ($)
Dec. 31, 2012
World Shipholding
USD ($)
Dec. 31, 2011
World Shipholding
USD ($)
Dec. 31, 2013
World Shipholding
Unsecured debt
World Shipholding facility
USD ($)
Apr. 30, 2011
World Shipholding
Unsecured debt
World Shipholding facility
USD ($)
Dec. 31, 2013
World Shipholding, loan
USD ($)
Dec. 31, 2012
World Shipholding, loan
USD ($)
Dec. 31, 2013
Frontline
USD ($)
Dec. 31, 2012
Frontline
USD ($)
Dec. 31, 2011
Frontline
USD ($)
Dec. 31, 2013
Seatankers
USD ($)
Dec. 31, 2012
Seatankers
USD ($)
Dec. 31, 2011
Seatankers
USD ($)
Dec. 31, 2013
Ship Finance
USD ($)
Dec. 31, 2012
Ship Finance
USD ($)
Dec. 31, 2011
Ship Finance
USD ($)
Dec. 31, 2013
Seadrill [Domain]
USD ($)
Dec. 31, 2012
Seadrill [Domain]
USD ($)
Dec. 31, 2013
Bluewater Gandria
USD ($)
Dec. 31, 2012
Bluewater Gandria
USD ($)
Dec. 31, 2011
Bluewater Gandria
USD ($)
Dec. 31, 2013
Golar Wilhelmsen
USD ($)
Dec. 31, 2012
Golar Wilhelmsen
USD ($)
Dec. 31, 2011
Golar Wilhelmsen
USD ($)
Mar. 28, 2014
Subsequent event
Golar LNG Partners
USD ($)
Related Party Transaction [Line Items]                                                                                                                                                                        
Revenue from related parties                                                             $ 2,569,000 [1] $ 2,876,000 [1],[2] $ 1,576,000 [1] $ 6,701,000 [3] $ 4,222,000 [2],[3] $ 4,146,000 [3]                                                                                                
Interest income from related parties                                                                         0 [4] 11,921,000 [4] 3,085,000 [4] 0 [5] 4,737,000 [2],[5] 0 [5] 1,972,000 [2],[6] 575,000 [2],[6] 0 [2],[6] 0 [7] 829,000 [7] 0 [7]                                                                        
Net (expenses) income (due to) from related parties   1,500,000                                 11,242,000 25,160,000 8,807,000                                                                             (976,000) [8] (2,961,000) [8] (2,302,000) [8]         49,000 [9] (325,000) [9] (972,000) [9] (45,000) [9] 31,000 [9] (64,000) [9] 207,000 [9] 4,000 [9] 190,000 [9]     0 [10] 0 [10] 125,000 [10] (4,899,000) [11] (3,169,000) [11] (2,816,000) [11]  
Receivables (payables) from related parties (50,041,000) (153,000)                                 1,732,000 36,984,000                                             0 [6] 34,953,000 [6]         5,989,000 [12] 2,031,000 [12] (4,257,000) [13] 0 [13]                         (50,000,000) [8] 0 [8] (60,000) (143,000)   91,000 (12,000)   2,000 2,000   (74,000) 0              
Related party transaction, rate                                 5.00%         6.75%           6.75%   6.75%                                                                                                            
Duration of notice required for contract termination                                     120 days                                                                                                                                  
Loan amount                                                         222,300,000 175,000,000                                                                                                            
Final payment amount                                                         222,300,000                                                                                                              
Amount drawn down                                           25,000,000               155,000,000                                                                                                            
Amount available for draw down                                                           20,000,000                                                                                                            
Duration requirement for final payment                                                           3 years                                                                                                            
Debt instrument, face amount       (35,000,000)                                     (227,000,000) (1,300,000,000)                                                                                                                        
Maximum borrowing capacity                                                                                                         20,000,000 20,000,000                                                            
Related Party Transaction, Amounts of Transaction                                                                                                         20,000,000                                                              
Payments of dividends 0 32,082,000 12,532,000                               0 30,282,000 10,132,000                                                                   0 1,800,000 2,400,000                                                      
Investments percentage ownership in subsidiaries                                                                                                                   60.00%                                                    
Ownership interest percentage                                                                                                                     40.00%                                                  
Percentage ownership in subsidiary                             41.40% 65.40%                                                                                                                                        
Proceeds from dividends received 64,198,000 125,000 0                               63,700,000 47,300,000 19,100,000                                                                                                                              
Subsidiary or Equity Method Investee, Drop-Down Amount                                                                                                                                                                       310,000,000
Indemnification under the Omnibus Agreement                                     3,300,000                                                                                                                                  
Guarantees issued to Golar Partners 22,369,000 23,265,000                                             11,500,000 11,500,000 533,500,000                                                                                                                  
Environmental Indemnification, deductible amount                                     500,000                                                                                                                                  
Environmental indemnification, aggregate cap                                     5,000,000                                                                                                                                  
Minimum charter term for rights of first offer                                   5 years                                                                                                                                    
Percentage of voting interest acquired                         50.00% 50.00%                                                                                                                                            
Purchase consideration - cash                         19,500,000 19,500,000                                                                                                                                            
Ownership percentage, equity method investment                                                                                                                                                                 60.00%      
Line of Credit Facility, Maximum Borrowing Capacity                   120,000,000 250,000,000 145,000,000                                                                                                       80,000,000                                        
Basis spread on variable rate           3.00% 3.00% 3.50%                                                                                                                                                        
Long-term Debt and Due to Related Parties 717,028,000 504,906,000       50,000,000 50,000,000   0                                                                                                           50,000,000                                          
Description of variable rate basis LIBOR       LIBOR   LIBOR                                                                                                                                                          
Commitment fee percentage             0.75%                                                                                                                                                          
Loan interest and commitment fees expense                                                                                                                       $ 1,000,000 $ 800,000 $ 1,900,000                                            
Debt Instrument, Maturity Date             Sep. 30, 2015                                                                                           Apr. 30, 2015                                                              
[1] Management and administrative services agreement - On March 30, 2011, Golar Partners entered into a management and administrative services agreement with Golar Management, a wholly-owned subsidiary of ours, pursuant to which Golar Management will provide to Golar Partners certain management and administrative services. The services provided by Golar Management are charged at cost plus a management fee equal to 5% of Golar Management’s costs and expenses incurred in connection with providing these services. Golar Partners may terminate the agreement by providing 120 days written notice.
[2] The net effect to our consolidated statement of operations for the year ended December 31, 2012 was an aggregate income of $1.5 million.
[3] Ship management fees - Golar and certain of its affiliates charged ship management fees to Golar Partners for the provision of technical and commercial management of the vessels. Each of Golar Partners’ vessels is subject to management agreements pursuant to which certain commercial and technical management services are provided by certain affiliates of Golar, including Golar Management and Golar Wilhelmsen AS ("Golar Wilhelmsen"), a partnership that is jointly controlled by Golar and by Wilhelmsen Ship Management (Norway) AS.
[4] Vendor financing loan - Golar Freeze - In October 2011, in connection with the sale of the Golar Freeze, we entered into a financing loan agreement with Golar Partners for an amount of $222.3 million. The facility was unsecured and bore interest at a fixed rate of 6.75% per annum payable quarterly. The loan was non-amortizing with a final balloon payment of $222.3 million due in October 2014. The loan was repaid in October 2012.
[5] Vendor financing loan - NR Satu - In July 2012, in connection with the sale of the NR Satu, we entered into a financing loan agreement with Golar Partners for an amount of $175.0 million. Of this amount, $155.0 million was drawn down in July 2012. A further $20.0 million was available for drawdown until July 2015. The facility was unsecured and bore interest at a fixed rate of 6.75% per annum payable quarterly. The loan was non-amortizing with a final balloon payment for the amount drawn down due within three years from the date of draw down. The loan was repaid in December 2012.
[6] High-yield bonds - In October 2012, Golar Partners completed the issuance of NOK1,300.0 million in senior unsecured bonds that mature in October 2017. The aggregate principal amount of the bonds is equivalent to approximately $227.0 million. Of this amount, approximately $35.0 million, was issued to us.
[7] Golar Energy loan - In January 2012, Golar LNG (Singapore) Pte. Ltd. ("Golar Singapore"), the subsidiary which holds the investment in PTGI, drew down $25.0 million on its loan agreement entered into in December 2011 with Golar Energy. The loan was unsecured, repayable on demand and bore interest at the rate of 6.75% per annum payable on a quarterly basis. In connection with the acquisition of the subsidiaries that own and operate the NR Satu, all amounts payable to Golar Energy by the subsidiaries acquired by Golar Partners, including Golar Singapore, were extinguished.
[8] World Shipholding revolving credit facility - In April 2011, we entered into an $80.0 million revolving credit facility with a company related to our major shareholder, World Shipholding. In January, February and May of 2012, the revolving credit facility was amended to $145.0 million, $250.0 million and $120.0 million, respectively, without any further changes to the original terms of the facility. In July 2012, the facility was repaid in full with the proceeds received from the sale of the companies that own and operate the NR Satu to Golar Partners. In May 2013, the margin on the facility was amended from 3.5% to 3.0%. As of December 31, 2013, we had $50.0 million of borrowings under this facility. The facility is unsecured and bears interest at LIBOR plus 3.0% together with a commitment fee of 0.75% on any undrawn portion of the credit facility. For each of the years ended December 31, 2013, 2012 and 2011, included within net expenses due to World Shipholding, include loan interest and commitment fees of $1.0 million, $0.8 million, and $1.9 million respectively.
[9] Net expense/income from Frontline, Seatankers and Ship Finance comprise fees for management support, corporate and insurance administrative services, net of income from supplier rebates and income from the provision of serviced offices and facilities. Receivables and payables with related parties comprise primarily of unpaid management fees, advisory and administrative services. In addition, certain receivables and payables arise when we pay an invoice on behalf of a related party and vice versa. Receivables and payables are generally settled quarterly in arrears.
[10] Bluewater Gandria - In January 2012, we acquired the remaining 50% in our joint venture, Bluewater Gandria, which owns the vessel, the Gandria, for a total consideration of $19.5 million. As a result of this transaction, Bluewater Gandria is now our wholly-owned subsidiary. Refer to note 7 for further details of the acquisition. The charges to Bluewater for the year ended December 31, 2011 related to agency fees.
[11] As of December 31, 2013, we held a 60% ownership interest in Golar Wilhelmsen, which we account for using the equity method (see note 14). Golar Wilhelmsen recharges management fees in relation to provision of technical and ship management services.
[12] Trading balances - Receivables and payables with Golar Partners and its subsidiaries are comprised primarily of unpaid management fees, advisory and administrative services. In addition, certain receivables and payables arise when we pay an invoice on behalf of a related party and vice versa. Receivables and payables are generally settled quarterly in arrears. Trading balances due from Golar Partners and its subsidiaries are unsecured, interest-free and intended to be settled in the ordinary course of business. They primarily relate to recharges for trading expenses paid on behalf of Golar Partners, including ship management and administrative service fees due to us.
[13] Methane Princess Lease security deposit movements - This represents net advances from Golar Partners since its IPO, which correspond with the net release of funds from the security deposits held relating to the Methane Princess Lease. This is in connection with the Methane Princess tax lease indemnity provided to Golar Partners under the Omnibus Agreement (see below). Accordingly, these amounts will be settled as part of the eventual termination of the Methane Princess Lease.