VESSELS (Table)

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Summary Rollforward of Vessels and equipment

(in thousands of $)	Cost		Accumulated Depreciation		Net Book Value
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
Transfer from newbuildings	425,393		—
Additions	194		—
Disposals	(92,351	)	—
Depreciation	—		(62,502	)
Balance at December 31, 2016	1,873,795		(114,856	)	1,758,939