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VESSELS AND EQUIPMENT, NET (Tables)
 12 Months Ended
Dec. 31, 2016
Property and equipment:  
Components of vessels and equipment, net
Useful lives applied in depreciation are as follows:

Vessels
40 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 $)
2016

2015

Cost
2,167,247

2,572,740

Accumulated depreciation
(284,181
)
(236,596
)
Net book value
1,883,066

2,336,144