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ACCOUNTING POLICIES (Related Party) (Details) - USD ($)
1 Months Ended 6 Months Ended 12 Months Ended
Jan. 31, 2012
Dec. 31, 2015
Jun. 30, 2015
Dec. 31, 2015
Dec. 31, 2011
Related Party Transaction [Line Items]          
Profit sharing percent of earnings from Frontline from July 1 2015 onwards   50.00%      
Frontline Charterers [Member]          
Related Party Transaction [Line Items]          
Profit sharing percentage of earnings from Frontline for use of fleet         20.00%
Increase profit sharing percentage of earnings from Frontline for use of fleet (in hundredths)         25.00%
Compensation payment received       $ 150,200,000 $ 106,000,000
Non-refundable advance relating to the profit sharing agreement         $ 50,000,000
Period of temporary reduction in daily time charter rates 4 years        
Agreed Temporary Reduction in Daily Time Charter Rates     $ 6,500    
Maximum daily amount to which temporary earnings-related 100% payment applies     $ 6,500