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RELATED PARTY TRANSACTIONS (Tables) | 6 Months Ended
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Jun. 30, 2025
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | Transactions with related parties: The following table sets forth transactions with related parties:
| Six Months Ended June 30,
(in thousands of $) | 2025 |  | 2024 |  |
Insurance commission (a) | — |  |  | (208) |  |  |
Office rental (b) | (312) |  |  | (36) |  |  |
| (312) |  |  | (244) |  |  |
Amounts due to related parties Balances with related parties consisted of the following:
(in thousands of $) | June 30, 2025 |  | December 31, 2024
Balances due to QPSL and its affiliates (b) | 526 |  |  | 294 |  |
a) Insurance Services – Eastern Pacific Shipping Pte. Ltd., an affiliate of QPSL, provides CoolCo with insurance and claim handling services. The charges during the period ended June 30, 2024 represent the commission paid as a percentage of the gross premium for such insurances placed. There were nil charges for the period ended June 30, 2025. (b) Balances due to QPSL and its affiliates - Payables to QPSL and its affiliates for the periods ended June 30, 2025 and December 31, 2024 are comprised of office rental.

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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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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