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FINANCE LEASE LIABILITY

6 Months Ended

Jun. 30, 2022

Other Liabilities Disclosure [Abstract]

Finance lease liability

FINANCE LEASE LIABILITY

As of June 30, 2022, the Company chartered-in seven container vessels under sale and leaseback transactions with an Asia based financial institution (December 31, 2021: seven). The seven vessels are accounted for as vessels under finance lease (refer to Note 8: Vessels under Finance Lease, net).

(in thousands of $)			June 30, 2022						December 31, 2021
Finance lease liability, current portion			52,397						51,204
Finance lease liability, long-term portion			446,426						472,996
			498,823						524,200

Interest incurred on the finance lease liability in the six months ended June 30, 2022 was $12.0 million (six months ended June 30, 2021: $13.1 million).

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- References

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- Definition

The entire disclosure for other liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20,24)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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