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Other Commitments and Contingencies
 6 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Other commitments and contingencies OTHER COMMITMENTS AND CONTINGENCIES
Assets pledged
(in thousands of $)June 30, 2024December 31, 2023
Book value of vessels secured against loans (1)
1,126,078 1,075,018 
(1) This excludes the FLNG Gimi which is classified as “Assets under development” (note 14) and secured against its specific debt facility (note 17).
Capital Commitments

•FLNG conversion
We have agreed to contract terms for the conversion of a generic LNG carrier to an FLNG which is subject to certain payments and lodging of a full notice to proceed. We have also provided a guarantee to cover the sub-contractor’s obligations in connection with the conversion of the vessel. If we do not proceed with the conversion, we may be liable for certain termination payments.

•MKII FLNG
In 2022, our Board of Directors approved up to $328.5 million of capital expenditures for the MKII FLNG. As of June 30, 2024, we entered into agreements for engineering services and long lead items amounting to $108.2 million (note 16).

•Macaw F2X build
As of June 30, 2024, we entered into agreements for engineering services and long lead items amounting to $6.8 million (note 16).