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RELATED PARTY TRANSACTIONS (Tables) | 12 Months Ended
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Dec. 31, 2024
Related Party Transactions [Abstract] |
Amounts due from and to related parties | The Consolidated Balance Sheets include the following amounts due from and to related parties and associated companies.
(in thousands of $) | 2024 |  | 2023
Amounts due from: |  |  |
Frontline | 4,252 |  |  | 2,907 |
Golden Ocean | 237 |  |  | — |
Seatankers | 521 |  |  | 411 |
Front Ocean | 18 |  |  | — |
Sloane Square Capital | — |  |  | 201 |
NorAm Drilling | 109 |  |  | 24 |
Paratus | 2 |  |  | — |
River Box | 92 |  |  | 11 |
Other related parties | 3 |  |  | 2 |
Allowance for expected credit losses* | (33) |  |  | (24) |
Total amount due from related parties | 5,201 |  |  | 3,532 |
Loans to related parties - associated companies, long-term |  |  |
River Box | 45,000 |  |  | 45,000 |
Total loans to related parties - associated companies, long-term | 45,000 |  |  | 45,000 |
Amounts due to: |  |  |
Frontline Shipping | 1,234 |  |  | 2,813 |
Golden Ocean | 56 |  |  | 57 |
Other related parties | 6 |  |  | 20 |
Total amount due to related parties | 1,296 |  |  | 2,890 |
*See Note 27: Allowance for Expected Credit Losses.
Summary of leasing revenues and repayments earned from related parties | A summary of leasing revenues and repayments from Frontline Shipping, Golden Ocean, Northern Ocean and Seadrill is as follows:
| Year ended December 31,
(in millions of $) | 2024 |  | 2023 |  | 2022
Golden Ocean: |  |  |  |  |
Operating lease income | 54.6 |  |  | 54.6 |  |  | 52.3 |
Profit share | 6.4 |  |  | — |  |  | 3.0 |
Frontline Shipping: |  |  |  |  |
Direct financing lease interest income | — |  |  | — |  |  | 0.4 |
Direct financing lease service revenue | — |  |  | — |  |  | 1.7 |
Direct financing lease repayments | — |  |  | — |  |  | 1.8 |
Seadrill: |  |  |  |  |
Operating lease income | — |  |  | — |  |  | 17.8 |
Northern Ocean: |  |  |  |  |
Operating lease rental income | 0.9 |  |  | — |  |  | — |
Schedule of related party transactions |
| Year ended December 31, |
(in thousands of $) | 2024 |  | 2023 |  | 2022 |
Frontline: |  |  |  |  |  |
Vessel Management Fees | 2,199 |  |  | 2,296 |  |  | 3,679 |  |
Newbuilding Supervision Fees | 933 |  |  | 1,514 |  |  | 1,030 |  |
Commissions and Brokerage | — |  |  | 280 |  |  | 498 |  |
Administration Services Fees | 12 |  |  | 11 |  |  | 7 |  |
Golden Ocean: |  |  |  |  |  |
Vessel Management Fees | 20,496 |  |  | 20,440 |  |  | 20,440 |  |
Commissions and Brokerage | 186 |  |  | 123 |  |  | — |  |
Operating Management Fees | — |  |  | — |  |  | 22 |  |
Seatankers: |  |  |  |  |  |
Administration Services Fees* | 166 |  |  | 304 |  |  | 428 |  |
Front Ocean: |  |  |  |  |  |
Administration Services Fees | 698 |  |  | 597 |  |  | 483 |  |
Office Facilities and other shared costs: |  |  |  |  |  |
Seatankers Management Norway AS | 16 |  |  | (10) |  |  | 106 |  |
Front Ocean Management AS | 298 |  |  | 310 |  |  | — |  |
Frontline Management AS | — |  |  | — |  |  | 341 |  |
Frontline Corporate Services Ltd. | 150 |  |  | 163 |  |  | 93 |  |
Frontline Management (Bermuda) Limited | — |  |  | 14 |  |  | — |  |
Golden Ocean Shipping Co Pte. Ltd. | 84 |  |  | 79 |  |  | 80 |  |
NorAm Drilling AS | (18) |  |  | (13) |  |  | — |  |
Sloane Square Capital Holdings Ltd. | 1 |  |  | — |  |  | — |  |
Flex LNG Management Ltd | — |  |  | — |  |  | 3 |  |
Dividends and interest income received from shares held and secured notes issued by related parties:
| Year ended December 31,
(in thousands of $) | 2024 | 2023 | 2022
Dividends received |  |  |
NorAm Drilling | 645 |  | 1,246 |  | 128 |
Interest income received |  |  |
NorAm Drilling | — |  | — |  | 463 |
Interest income on related party loans | Interest income received on the loans to associated companies is as follows:
| Year ended December 31,
(in millions of $) | 2024 | 2023 | 2022
River Box | 4.6 |  | 4.6 |  | 4.6 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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