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RELATED PARTY TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 2014
Related Party Transactions [Abstract]  
Amounts due from and to related parties, excluding direct financing lease balances
The Condensed Consolidated Balance Sheets include the following amounts due from and to related parties and associated companies, excluding direct financing lease balances (Note 6):
(in thousands of $)
June 30, 2014

 
December 31, 2013

Amounts due from:
 
 
 
Frontline Charterers
13,424

 

Frontline
6,101

 
10,016

UFC
786

 
770

NADL

 
2,163

Seadrill
100

 
300

Current accounts due from associated companies
9,104

 

Other related parties
689

 

Total amount due from related parties
30,204

 
13,249

Loans to related parties - associated companies, long-term
 
 
 
SFL West Polaris
99,171

 
100,383

SFL Deepwater
109,088

 
115,222

SFL Hercules
145,000

 
120,110

SFL Linus
125,000

 
195,000

Total loans to related parties - associated companies, long-term
478,259

 
530,715

Loans to related parties - others, long-term
 
 
 
Frontline Ltd
45,701

 
48,847

Total loans to related parties - others, long-term
45,701

 
48,847

Amounts due to:
 
 
 
Frontline Charterers
229

 
815

Frontline Management
1,589

 
1,011

Bluelot

 
6,064

Corte Real

 
6,018

Deep Sea
89

 

Other related parties
32

 
57

Total amount due to related parties
1,939

 
13,965

Summary of leasing revenues earned from related parties
A summary of leasing revenues earned from the Frontline Charterers, UFC and Deep Sea is as follows:
 
 
Six months ended
 
Year ended

Payments (in millions of $)
June 30, 2014

 
June 30, 2013

 
December 31, 2013

Operating lease income
13.9

 
11.0

 
24.0

Direct financing lease interest income
23.2

 
28.5

 
55.4

Finance lease service revenue
23.5

 
26.7

 
52.4

Direct financing lease repayments
22.5

 
24.2

 
47.4

Cash sweep and profit share income
14.3

 
0.1

 
0.8



In addition, the Company paid the following fees:
 
Six months ended
 
Year ended

Payments (in millions of $)
June 30, 2014

 
June 30, 2013

 
December 31, 2013

Frontline Charterers:
 
 
 
 
 
Vessel Management Fees
24.5

 
27.5

 
54.2

Management Supervision Fees
1.6

 
1.2

 
2.4

Administration Services and other
0.3

 
0.2

 
0.4

Golden Ocean:
 
 
 
 
 
Operating Management Fees
0.4

 
0.3

 
0.7

Office Facilities:
 
 
 
 
 
Golar Management UK Limited
0.1

 
0.1

 
0.2

Frontline Management AS
0.2

 
0.2

 
0.3