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VESSELS AND EQUIPMENT, NET (Tables) | 6 Months Ended
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Jun. 30, 2021
Property, Plant and Equipment [Abstract] |
Vessels and Equipment, Net | Movements in the six months ended June 30, 2021 are summarized as follows;
(in thousands of $) | Cost | Accumulated Depreciation | Net Carrying Value
Balance at December 31, 2020 | 3,867,871 |  | (560,727) |  | 3,307,144 |
Depreciation |  | (67,451) |  |
Additions to vessels and equipment | 4,611 |  |  |
Transfers from Newbuildings | 96,683 |  |  |
Balance at June 30, 2021 | 3,969,165 |  | (628,178) |  | 3,340,987 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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