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VESSELS AND EQUIPMENT, NET (Tables)
 12 Months Ended
Dec. 31, 2017
Property and equipment:  
Components of vessels and equipment, net
Useful lives applied in depreciation are as follows:

Vessels
40 years
Deferred drydocking expenditure
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 $)
2017

2016

Cost
2,431,136

2,438,720

Accumulated depreciation
(354,077
)
(284,889
)
Net book value
2,077,059

2,153,831