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IMPAIRMENT OF NON-CURRENT ASSETS (Tables)
 12 Months Ended
Dec. 31, 2018
IMPAIRMENT OF LONG-TERM ASSETS [Abstract]  
Impairment of non-current assets
The following table presents the impairment charge recognized in relation to equipment included in "Other non-current assets", acquired due to uncertainty of the future usage of this equipment:
(in thousands of $)
2018

 
2017

 
2016

Impairment charge
—

 
—

 
1,706

The following table presents the market values and carrying values of nine of our vessels that we have determined to have market values that are less than their carrying values as of December 31, 2018. However, based on the estimated future undiscounted cash flows of these vessels, which are significantly greater than the respective carrying values, no impairment was recognized.

(in thousands of $)
Vessel
2018 Market value (1)
2018 Carrying value
Deficit
Golar Arctic
76,750
134,400
57,650
Golar Seal
178,750
179,000
250
Golar Bear
182,000
183,900
1,900
Golar Frost
182,000
187,700
5,700
Golar Viking
78,250
112,300
34,050
Golar Glacier
182,500
183,500
1,000
Golar Snow
184,500
191,800
7,300
Golar Ice
184,000
192,000
8,000
Golar Kelvin
183,500
185,600
2,100

(1) Market values are determined using reference to average broker values provided by independent brokers. Broker values are considered an estimate of the market value for the purpose of determining whether an impairment trigger exists. Broker values are commonly used and accepted by our lenders in relation to determining compliance with relevant covenants in applicable credit facilities for the purpose of assessing security quality.