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RELATED PARTY TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]  
Amounts due from and to related parties, excluding direct financing lease balances The Condensed Consolidated Balance Sheets include the following amounts due from and to related parties and associated companies, excluding investment in direct financing lease balances (refer to Note 8: Investments in sales-type leases, direct financing leases and leaseback assets).
(in thousands of $)June 30, 2020December 31, 2019
Amounts due from:
Frontline Shipping3,907 2,948 
Frontline5,192 6,708 
Seadrill60 51 
SFL Linus— 7,392 
SFL Deepwater3,723 1,246 
SFL Hercules— 3,423 
Golden Ocean320 627 
Other related parties4 4 
Allowance for expected credit losses*(68)— 
Total amount due from related parties13,138 22,399 
Loans to related parties - associated companies, long-term
SFL Deepwater113,000 113,000 
SFL Hercules77,564 80,000 
SFL Linus115,834 121,000 
Long-term receivables from related parties
Frontline— 9,171 
Frontline Shipping— 4,445 
Loans and long term receivables to related parties including associates306,398 327,616 
Amounts due to:
Frontline Shipping563 3,884 
Frontline48 47 
Golden Ocean— — 
Seatankers157 — 
Other related parties182 49 
Total amount due to related parties950 3,980 
Related party leasing revenues and repayments A summary of leasing revenues and repayments from Frontline Shipping and Golden Ocean is as follows:
Six months ended
(in thousands of $)June 30, 2020June 30, 2019
Golden Ocean:
Operating lease income26,663 25,752 
Profit share— — 
Frontline Shipping:
Direct financing lease interest income946 1,932 
Direct financing lease service revenue3,591 4,887 
Direct financing lease repayments3,403 3,981 
Profit share10,358 1,547 
Fees with related parties
In addition to leasing revenues and repayments, the Company incurred the following fees with related parties:

Six months ended
(in thousands of $)June 30, 2020June 30, 2019
Frontline:
Vessel Management Fees4,592 5,873 
Commissions and Brokerage178 167 
Administration Services Fees37 162 
Golden Ocean:
Vessel Management Fees10,192 10,136 
Operating Management Fees466 443 
Administration Services Fees32 — 
Seatankers:
Administration Services Fees206 458 
Office Facilities:
Seatankers Management Norway AS47 52 
Frontline Management AS96 102 
Frontline Corporate Services Ltd.169 120 
Related party loans – associated companies
Related party loans – associated companies

A summary of loans entered into with SFL Deepwater, SFL Hercules and SFL Linus are as follows:


(in millions of $)SFL DeepwaterSFL HerculesSFL Linus
Loans granted 145 145 125 
Loans outstanding at June 30, 2020
113 78 116 

These loans are repayable in full by October 1, 2023 (SFL Deepwater), October 1, 2023 (SFL Hercules) and June 30, 2029 (SFL Linus) or earlier if the companies, inter alia, sell their drilling units.

Interest income received on these loans is as follows:
Six months ended
(in millions of $)June 30, 2020June 30, 2019
SFL Deepwater2.5 2.5
SFL Hercules1.8 1.8 
SFL Linus2.7 2.7 
Interest Income on related party loan notes
The Company received the following interest income on the loan notes:
Six months ended
(in thousands of $)June 30, 2020June 30, 2019
Frontline Shipping82 393 
Frontline97 457 
Dividends and interest income received from shares held in and secured notes issued by related parties
Dividends and interest income received from shares held in and secured notes issued by related parties:
Six months ended
(in thousands of $)June 30, 2020June 30, 2019
Dividends received
ADS Crude Carriers1,508 175 
 Frontline2,376 — 
Golden Close— 1,989 
Interest income received
NorAm Drilling210 236