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OPERATING REVENUES (Tables)

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Lease and Non-Lease Components of Revenue

The lease and non-lease components of our revenues in the six months ended June 30, 2021 were as follows:

(in thousands of $)			Lease			Non-lease			Total
Time charter revenues			42,111			—			42,111
Voyage charter revenues			23,433			290,484			313,917
Other income			—			7,982			7,982
Total			65,544			298,466			364,010

The lease and non-lease components of our revenues in the six months ended June 30, 2020 were as follows:

(in thousands of $)			Lease			Non-lease			Total
Time charter revenues			76,534			—			76,534
Voyage charter revenues			514,343			194,185			708,528
Other income			—			13,842			13,842
Total			590,877			208,027			798,904

Schedule of Contract Assets

As of June 30, 2021 and December 31, 2020, the Company reported the following contract assets in relation to its contracts with customers, including those contracts containing lease components where the non-lease component was the predominant component and the revenues where therefore accounted for under ASC 606:

(in thousands of $)			2021			2020
Voyages in progress			26,601			27,621
Trade accounts receivable			42,745			25,615
Related party receivables			9,509			7,195
Other current assets			3,337			2,527
Total			82,192			62,958

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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- References

No definition available.

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