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SHARE OPTION PLANS (Tables) | 12 Months Ended
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Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The fair value of the newly granted option awards is estimated on the date of grant using a Black-Scholes option valuation model with the following assumptions:
| 2011 |
Risk free interest rate | 1.35 | %
Expected life (years) | 3.5 |
Expected volatility | 62.27 | %
Expected dividend yield | 0.00 | %
Schedule of Share-based Compensation Arrangements by Exercise Price Range | The following summarizes share option transactions related to the Frontline Scheme:
(in thousands) |  | Number of Options |  |  | Weighted Average Exercise Price
Options outstanding as of December 31, 2011 |  | 739.7 |  |  | NOK 130.46
Forfeited |  | (13.7 | ) |  | NOK 130.46
Options outstanding as December 31, 2012 |  | 726.0 |  |  | NOK 130.46
Forfeited |  | (13.3 | ) |  | NOK 130.46
Options outstanding as of December 31, 2013 |  | 712.7 |  |  | NOK 130.46
Forfeited |  | (6.7 | ) |  | NOK 130.46
Expired |  | (581.0 | ) |  | NOK130.46
Options outstanding as of December 31, 2014 |  | 125.0 |  |  | NOK 130.46
Exercisable options as at: |  |  |  |  |
December 31, 2014 |  | 125.0 |  |  | NOK130.46
December 31, 2013 |  | 670.9 |  |  | NOK130.46
December 31, 2012 |  | 629.3 |  |  | NOK130.46

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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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