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INVESTMENTS IN SALES-TYPE LEASES AND LEASEBACK ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Net Investment in Direct Financing and Sales Type Leases [Abstract]  
Schedule of sales-type leases
(in thousands of $)20242023
Investments in sales-type leases35,135 55,739 
 Total35,135 55,739 
The following lists the components of investments in sales-type leases as of December 31, 2024 and December 31, 2023:

(in thousands of $)Sales-Type Leases
December 31, 2024December 31, 2023
Total minimum lease payments to be received4,941 16,020 
Purchase obligations at the end of the leases31,150 43,150 
Net minimum lease payments receivable36,091 59,170 
Less: unearned income
(920)(3,358)
Total investment in sales-type leases35,171 55,812 
Allowance for expected credit losses*(36)(73)
Total investment in sales-type leases35,135 55,739 
Current portion35,135 20,640 
Long-term portion— 35,099 

*See Note 27: Allowance for Expected Credit Losses.
Schedule of minimum future gross revenues to be received under non-cancellable sales-type leases
The minimum future gross revenues including purchase obligations to be received under the Company's non-cancellable sales type leases as of December 31, 2024, are as follows:

(in thousands of $)Sales-Type Leases
Year ending December 31,
202536,091 
Thereafter— 
Total minimum lease payments to be received36,091 
Schedule of interest income earned on investments in direct financing leases, sales type leases and leaseback assets
Interest income earned on investments in direct financing leases, sales type leases and leaseback assets in the year ended December 31, 2024 was as follows:

(in thousands of $)202420232022
Investments in sales type and direct financing leases*2,439 3,894 5,021 
Investments in leaseback assets — 2,298 3,895 
Total 2,439 6,192 8,916 

* The 2022 interest income earned on investments in sales-type leases and direct financing leases in the above table includes $0.4 million in relation to two VLCCs on long-term charters to Frontline Shipping, a related party, until their disposal in 2022. (Refer to Note 9: Gain on Sale of Assets and Termination of Charters).