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OTHER OPERATING GAINS
 6 Months Ended
Jun. 30, 2021
Operating Income (Loss) [Abstract]  
OTHER OPERATING GAINS OTHER OPERATING GAINS
Other operating gains for the six months ended June 30, 2021 and June 30, 2020 are as follows:
(in thousands of $)20212020
Gain on termination of vessel lease— 7,409 
Gain on sale of vessel— 12,354 
Gain on settlement of claim— 3,422 
Gain on pool arrangements1,048 766 
Other gains85 268 
Other operating gains1,133 24,219 

In February 2020, the Company agreed with SFL to terminate the long-term charter for the 2002-built VLCC Front Hakata upon the sale and delivery of the vessel by SFL to an unrelated third party. Frontline received a compensation payment of $3.2 million from SFL for the termination of the current charter and recognized a gain on termination of $7.4 million. The charter with SFL terminated in February 2020.

In March 2020, the Company recorded a $3.4 million gain on settlement of a claim.

In April, 2020, the Company sold one VLCC previously recorded as an investment in finance lease at a purchase price of $25.5 million. The vessel was delivered to its buyers in June 2020 and the Company recorded a gain on sale of $12.4 million.

In the six months ended June 30, 2021, the Company recorded a gain on pool arrangements of $1.0 million (2020: gain of $0.8 million) and a further $0.1 million (2020: $0.3 million) in relation to other miscellaneous settlements.