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VESSELS AND EQUIPMENT, NET (Tables)
 12 Months Ended
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