XML 64 R15.htm IDEA: XBRL DOCUMENT v3.19.2

VESSELS UNDER CAPITAL LEASE, NET

6 Months Ended

Jun. 30, 2019

NEWBUILDINGS [Abstract]

Schedule of Capital Leased Assets [Table Text Block]

VESSELS UNDER CAPITAL LEASE, NET

(in thousands of $)	June 30, 2019			December 31, 2018
Cost	755,058			754,392
Accumulated depreciation	22,509			4,503
Vessels under capital lease, net	732,549			749,889

As at June 30, 2019, seven vessels were accounted for as vessels under capital lease, including four 13,800 TEU container vessels and three 10,600 container vessels. These vessels were refinanced through Asian based financial institutions by entering into separate sale and leaseback financing arrangements. The vessels are leased back for an original term ranging from six to 11 years, with options to purchase each vessel after six years.

X

- Definition

-- None. No documentation exists for this element. --

+ References

No definition available.

+ Details

Name:	sfl_NewbuildingsAbstract
Namespace Prefix:	sfl_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of long-lived, depreciable assets that are subject to a lease meeting the criteria for capitalization and are used in the normal conduct of business to produce goods and services. Examples may include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737

+ Details

Name:	us-gaap_ScheduleOfCapitalLeasedAsssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration