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VESSELS AND EQUIPMENT, NET (Tables)
 12 Months Ended
Dec. 31, 2013
Property and equipment:  
Components of vessels and equipment, net
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
Vessels and equipment
  
Property and equipment:  
Components of vessels and equipment, net
(in thousands of $)
2013

 
2012

Cost
1,043,439

 
771,945

Accumulated depreciation
(231,724
)
 
(198,330
)
Net book value
811,715

 
573,615