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DEBT (Tables) | 12 Months Ended
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Dec. 31, 2018
Debt Disclosure [Abstract] |
Components of long-term debt (including related parties) |
(in thousands of $) | 2018 |  |  | 2017 |
Total long-term and short-term debt | 2,565,359 |  |  | 2,410,847 |
Less: current portion of long-term debt and short-term debt | (730,257 | ) |  | (1,384,933 | )
Long-term debt | 1,835,102 |  |  | 1,025,914 |
Future repayments of outstanding debt (including related parties) | The outstanding debt as of December 31, 2018 is repayable as follows:
Year ending December 31 | Golar debt |  |  | VIE debt (1) |  |  | Total debt |
(in thousands of $) |  |  |  |  |
2019 | 85,225 |  |  | 646,959 |  |  | 732,184 |
2020 | 163,383 |  |  | 82,260 |  |  | 245,643 |
2021 | 21,716 |  |  | 82,260 |  |  | 103,976 |
2022 | 375,377 |  |  | 82,260 |  |  | 457,637 |
2023 | 21,716 |  |  | 82,260 |  |  | 103,976 |
2024 and thereafter | 65,151 |  |  | 873,629 |  |  | 938,780 |
Total | 732,568 |  |  | 1,849,628 |  |  | 2,582,196 |
Deferred finance charges | (14,494 | ) |  | (2,343 | ) |  | (16,837 | )
Total | 718,074 |  |  | 1,847,285 |  |  | 2,565,359 |
(1) These amounts relate to certain lessor entities (for which legal ownership resides with financial institutions) that we are required to consolidate under U.S. GAAP into our financial statements as variable interest entities (see note 5).
Components of debt | At December 31, 2018 and 2017, our debt was as follows:
(in thousands of $) | 2018 |  |  | 2017 |  |  | Maturity date
Golar Arctic facility | 58,300 |  |  | 65,600 |  |  | 2019
Golar Viking facility | 46,875 |  |  | 52,083 |  |  | 2020
2017 Convertible bonds | 353,661 |  |  | 340,173 |  |  | 2022
Margin Loan | 100,000 |  |  | 119,125 |  |  | 2020
FLNG Hilli facility | — |  |  | 525,000 |  |  | 2018
Hilli shareholder loans: |  |  |  |  |
- Keppel loan | — |  |  | 44,066 |  |  | 2027
- B&V loan | — |  |  | 5,000 |  |  | 2027
$1.125 billion facility: |  |  |  |  |
- Golar Bear facility | 86,200 |  |  | 96,975 |  |  | 2024/2026*
- Golar Frost facility | 87,532 |  |  | 98,474 |  |  | 2024/2026*
Subtotal (excluding lessor VIE loans) | 732,568 |  |  | 1,346,496 |  |  |
ICBCL VIE loans: |  |  |  |  |
- Golar Glacier facility | 154,226 |  |  | 161,876 |  |  | 2018/2024**
- Golar Snow facility | 154,566 |  |  | 162,566 |  |  | 2018/2025**
- Golar Kelvin facility | 182,540 |  |  | 182,540 |  |  | **
- Golar Ice facility | 117,888 |  |  | 134,954 |  |  | **
CMBL VIE loan: |  |  |  |  |
- Golar Tundra facility | 121,741 |  |  | 198,613 |  |  | 2026**
CCBFL VIE loan: |  |  |  |  |
- Golar Seal facility | 123,524 |  |  | 143,849 |  |  | 2026**
COSCO VIE loan: |  |  |  |  |
- Golar Crystal facility | 97,163 |  |  | 104,006 |  |  | 2027**
CSSC VIE loan: |  |  |  |  |
- Hilli facility | 897,980 |  |  | — |  |  | 2028**
Total debt (gross) | 2,582,196 |  |  | 2,434,900 |  |  |
Deferred finance charges | (16,837 | ) |  | (24,053 | ) |  |
Total debt | 2,565,359 |  |  | 2,410,847 |  |  |
* The commercial loan tranche matures earlier of the two dates, with the remaining balance maturing at the latter date. However, in the event that the commercial tranche is not refinanced within five years, the lenders have the option to demand repayment. In October 2018, the maturity of the commercial tranche, and consequently the option to the lenders, was extended by five years, to 2024. ** This represents the total loan facilities drawn down by subsidiaries of ICBCL, CMBL, CCBFL, COSCO and CSSC, which we consider to be VIEs. See note 5.
Schedule of tranches | The facility is divided into three tranches, with the following general terms:
Tranche | Proportion of facility | Term of loan from date of drawdown | Repayment terms
K-Sure | 40% | 12 years | Six-monthly installments
KEXIM | 40% | 12 years | Six-monthly installments
Commercial | 20% | 5 years | Six-monthly installments, unpaid balance to be refinanced after 5 years

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