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INVESTMENT IN FINANCE LEASE | 12 Months Ended
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Dec. 31, 2019
INVESTMENT IN FINANCE LEASE [Abstract] |
INVESTMENT IN FINANCE LEASE |
13. | INVESTMENT IN FINANCE LEASE
As of December 31, 2019, one of the Company's vessels was accounted for as a sales-type lease (2018: one). The components of the investment in the sales-type lease are summarized as follows:
(in thousands of $) |  | 2019 |  |  | 2018 |
Net minimum lease payments receivable |  | 157 |  |  | 11,651 |
Estimated residual values of leased property (unguaranteed) |  | 10,822 |  |  | 10,821 |
Less: finance lease interest income |  | — |  |  | (690 | )
Total investment in sales-type lease |  | 10,979 |  |  | 21,782 |
Current portion |  | 157 |  |  | 10,803 |
Long-term portion |  | 10,822 |  |  | 10,979 |
|  | 10,979 |  |  | 21,782 |
The minimum future gross revenues to be received under the sales-type lease as of December 31, 2019 are as follows:
(in thousands of $) |  |
2020 |  | 157 |
2021 |  | — |
2022 |  | — |
2023 |  | — |
2024 |  | — |
Thereafter |  | — |
|  | 157 |
The counterparty to the lease is a state-owned oil company, which the Company has deemed to have a low credit risk.

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