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VESSELS AND EQUIPMENT, NET (Tables) | 12 Months Ended
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Dec. 31, 2015
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 $) | 2015 |  | 2014 |
Cost | 2,572,740 |  | 1,813,170 |
Accumulated depreciation | (236,596 | ) | (164,282 | )
Net book value | 2,336,144 |  | 1,648,888 |

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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 + Details
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