DEBT (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Debt

(in thousands of $)	Floating rate debt		Fixed rate debt	Sellers credit	Total
Balance at December 31, 2013	95,000		—	—	95,000
Loan repayments	(1,500	)	—	—	(1,500	)
Loan draw downs	270,000		—	—	270,000
Balance at December 31, 2014	363,500		—	—	363,500
Debt assumed as a result of the Merger	426,602		161,200	4,511	592,313
Loan repayments	(244,338	)	—	—	(244,338	)
Loan draw downs	215,975		—	—	215,975
Amortization of purchase price adjustment	—		6,615	228	6,843
Balance at December 31, 2015	761,739		167,815	4,739	934,293

Schedule of Maturities of Long-term Debt

The outstanding debt as of December 31, 2015 is repayable as follows:

(in thousands of $)
2016	20,380
2017	—
2018	82,230
2019	476,872
2020	364,451
Thereafter	22,545
	966,478
Amortization of purchase price adjustment	(32,185	)
	934,293

Schedule of Long-term Debt Instruments [Table Text Block]

(in thousands of $)	2015		2014
$33.93 million term loan	28,841		—
$82.5 million term loan	47,597		—
$175.0 million term loan	—		125,000
$284.0 million term loan	262,541		—
$420.0 million term loan	395,875		238,500
$425.0 million term loan	26,885		—
Total U.S. dollar denominated floating rate debt	761,739		363,500
U.S. dollar denominated fixed rate debt	167,815		—
Sellers credit	4,739		—
Total debt	934,293		363,500
Less: current portion	(20,380	)	(19,812	)
	913,913		343,688