VESSELS (Table)

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Summary Rollforward of Vessels and equipment

(in thousands of $)	Cost		Accumulated Depreciation		Net Book Value
Balance at December 31, 2012	305,581		(31,755	)	273,826
Depreciation	—		(11,079	)	—
Balance at December 31, 2013	305,581		(42,834	)	262,747
Purchase of vessels	24,085		—
Value of share consideration paid in connection with purchase of vessel	38,874		—
Transfer from newbuildings	546,520		—
Depreciation	—		(19,561	)
Balance at December 31, 2014	915,060		(62,395	)	852,665
Additions	24		—
Disposals	(382,855	)	3,391
Transfer from newbuildings	574,523		—
Acquired as a result of the Merger	632,997		—
Impairment loss	(199,190	)	58,228
Depreciation	—		(51,578	)
Balance at December 31, 2015	1,540,559		(52,354	)	1,488,205