XML 83 R76.htm IDEA: XBRL DOCUMENT
v3.21.2

FINANCIAL INSTRUMENTS (Narrative) (Details) $ in Thousands, kr in Millions | 1 Months Ended | 2 Months Ended | 6 Months Ended |  |
--- | --- | --- | --- | --- | ---
Feb. 28, 2021 numberOfDrillingUnits | Dec. 31, 2020 USD ($) | Jun. 30, 2021 USD ($) drillingRig | Jun. 30, 2020 | Aug. 26, 2021 USD ($) | Jun. 30, 2021 NOK (kr)
Fair value | Fair Value, Measurements, Recurring |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Face value of bonds |  | $ 9,431 | $ 8,293 |  |  |
Face value of bonds |  | 9,431 | $ 8,293 |  |  |
Number of drilling units | drillingRig |  |  | 2 |  |  |
Loans to related parties - associated companies, long-term |  | 123,910 | $ 125,000 |  |  |
SFL Hercules and Riverbox Holding |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Loans to related parties - associated companies, long-term |  | 123,900 | 125,200 |  |  |
Financial Guarantee |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Amount guaranteed by Ship Finance |  | $ 83,100 | $ 83,100 |  |  |
Financial Guarantee | Subsequent Event |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Amount guaranteed by Ship Finance |  |  |  |  | $ 83,000 |
West Linus and West Hercules |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Number of drilling units | numberOfDrillingUnits | 2 |  |  |  |  |
SFL Hercules Ltd (“SFL Hercules”) | Financial Guarantee | Subsequent Event |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Cash contribution |  |  |  |  | 5,000 |
Seadrill | Financial Guarantee | Subsequent Event |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Accounts Payable |  |  |  |  | $ 3,000 |
Minimum | West Linus and West Hercules |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Expected revenue to be collected under existing charter agreements (as percentage) | 65.00% | 65.00% |  |  |  |
Maximum | West Linus and West Hercules |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Expected revenue to be collected under existing charter agreements (as percentage) | 75.00% | 75.00% |  |  |  |
Customer Concentration Risk | Sales Revenue, Net | Associated Companies |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Concentration risk, percentage |  |  | 13.00% | 18.00% |  |
Significant Other Observable Inputs (Level 2) | Fair value | Fair Value, Measurements, Recurring |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Face value of bonds |  | $ 4,800 | $ 3,673 |  |  |
NOK700 million senior unsecured floating rate bonds due 2023 |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Principal debt amount | kr |  |  |  |  |  | kr 700
NOK700 million senior unsecured floating rate bonds due 2024 |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Principal debt amount | kr |  |  |  |  |  | kr 700
Interest rate swaps |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Derivative, notional amount |  | $ 900,000 | $ 900,000 |  |  |

X
- Definition Cash Contribution + References No definition available. + Details
Name: | sfl_CashContribution
Namespace Prefix: | sfl_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Loans To Related Parties Which Are Associates + References No definition available. + Details
Name: | sfl_LoansToRelatedPartiesWhichAreAssociates
Namespace Prefix: | sfl_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Number Of Drilling Units + References No definition available. + Details
Name: | sfl_NumberOfDrillingUnits
Namespace Prefix: | sfl_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Related Party Transaction, Forbearance And Fund Withdrawal Threshold, Payment Receivable Percentage + References No definition available. + Details
Name: | sfl_RelatedPartyTransactionForbearanceAndFundWithdrawalThresholdPaymentReceivablePercentage
Namespace Prefix: | sfl_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.15(a)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.15(5)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
Name: | us-gaap_AccountsPayableCurrentAndNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121558606&loc=SL82898722-210454 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121553693&loc=d3e26610-111562 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (aa) -URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27161-111563 + Details
Name: | us-gaap_AvailableForSaleSecuritiesDebtSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13531-108611 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13537-108611 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592 + Details
Name: | us-gaap_ConcentrationRiskPercentage1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Nominal or face amount used to calculate payment on derivative. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 + Details
Name: | us-gaap_DerivativeNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition The current carrying amount of the liability for the freestanding or embedded guarantor's obligations under the guarantee or each group of similar guarantees. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121555522&loc=d3e12069-110248 + Details
Name: | us-gaap_GuaranteeObligationsCurrentCarryingValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=sfl_SFLHerculesAndRiverboxHoldingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_GuaranteeObligationsByNatureAxis=us-gaap_FinancialGuaranteeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=sfl_WestLinusAndWestHerculesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=sfl_SflHerculesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=sfl_SeadrillMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByTypeAxis=us-gaap_CustomerConcentrationRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_SalesRevenueNetMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MajorCustomersAxis=sfl_AssociatedCompaniesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=sfl_NOK700MillionSeniorUnsecuredBondDue2023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=sfl_NOK700MillionSeniorUnsecuredBondDue2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |