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OPERATING LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of payments to be received by maturity
The minimum contractual future revenues to be received on a time charter agreement in respect of the Golar Arctic as of December 31, 2023, are as follows:
Year ending December 31
(in thousands of $) 
2024 (1)
2,907 
Total minimum contractual future revenues2,907 
(1) This includes revenues from the Golar Arctic's new charter entered subsequent to December 31, 2023.
Operating lease income
The components of operating lease income were as follows:
Year ended December 31,
(in thousands of $)202320222021
Operating lease income16,843 8,857 11,476 
Variable lease income (1)
1,082 828 — 
Total operating lease income (2)
17,925 9,685 11,476 
(1) “Variable lease income” is excluded from lease payments that comprise the minimum contractual future revenues from non-cancellable operating leases.
(2) Total operating lease income is presented in the consolidated statement of operations line item “Time and voyage charter revenues”.
Operating lease costs
The components of operating lease cost were as follows:
Year ended December 31,
(in thousands of $)202320222021
Operating lease cost
2,335 4,160 5,899 
Variable lease cost (1)
309 1,479 1,621 
Total operating lease cost (2)
2,644 5,639 7,520 
(1) “Variable lease cost” is excluded from lease payments that comprise the operating lease liability.
(2) Total operating lease cost is included in the consolidated statement of operations line-items “Vessel operating expenses” and “Administrative expenses”.
Schedule of maturity of operating lease liabilities
The maturity of our lease liabilities is as follows:
Year ending December 31
(in thousands of $) 
20241,462 
20251,578 
20261,491 
20271,415 
2028 and thereafter1,397 
Total minimum lease payments7,343