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NEWBUILDINGS (Tables)
 12 Months Ended
Dec. 31, 2014
NEWBUILDINGS [Abstract]  
Summary roll forward of new build information
Movements in the three years ended December 31, 2014 may be summarized as follows:
(in thousands of $)
 
Balance at December 31, 2011
13,049

Installments and newbuilding supervision fees paid
12,936

Interest capitalized
928

Balance at December 31, 2012
26,913

Installments and newbuilding supervision fees paid
572

Interest capitalized
2,183

Balance at December 31, 2013
29,668

Installments and newbuilding supervision fees paid
42,130

Interest capitalized
411

Transfers to Vessels and Equipment
(56,740
)
Balance at December 31, 2014
15,469