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Operating Leases
 9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Operating Leases, lessee OPERATING LEASES
Rental income

The components of operating lease income were as follows:
(in thousands of $)Nine months ended September 30,
20212020
Operating lease income (1)
135,498 140,586 
Variable lease income (1)(2)
15,030 568 
Total operating lease income150,528 141,154 
(1) "Total operating lease income" is included in the income statement line-item “Time and voyage charter revenues”. During the nine months ended September 30, 2021, we chartered in an external vessel and recognized $0.9 million and $2.6 million of operating lease income and variable lease income, respectively.
(2) "Variable lease income" is excluded from lease payments that comprise the minimum contractual future revenues from non-cancellable operating leases.

Rental expense

During the nine months ended September 30, 2021, we sub-chartered out an external vessel and recognized $3.0 million of operating lease cost in income statement line-item “Voyage, charterhire and commission expenses”.
Operating Leases, lessor OPERATING LEASES
Rental income

The components of operating lease income were as follows:
(in thousands of $)Nine months ended September 30,
20212020
Operating lease income (1)
135,498 140,586 
Variable lease income (1)(2)
15,030 568 
Total operating lease income150,528 141,154 
(1) "Total operating lease income" is included in the income statement line-item “Time and voyage charter revenues”. During the nine months ended September 30, 2021, we chartered in an external vessel and recognized $0.9 million and $2.6 million of operating lease income and variable lease income, respectively.
(2) "Variable lease income" is excluded from lease payments that comprise the minimum contractual future revenues from non-cancellable operating leases.

Rental expense

During the nine months ended September 30, 2021, we sub-chartered out an external vessel and recognized $3.0 million of operating lease cost in income statement line-item “Voyage, charterhire and commission expenses”.