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COMMITMENTS AND CONTINGENT LIABILITIES (Details)
$ in Millions
1 Months Ended 12 Months Ended
Nov. 30, 2014
Dec. 31, 2015
USD ($)
vessel
Dec. 31, 2014
USD ($)
Commitments and Contingencies Disclosure [Abstract]      
Book value of assets pledged under ship mortgages   $ 2,087.0 $ 2,062.0
Related Party Transaction [Line Items]      
Contractual commitments under newbuilding contracts   $ 261.9 $ 85.0
Number of container vessels contracted to be chartered in | vessel   2  
Term of lease or charter 8 years   15 years
Contractual commitments relating to chartering-in agreements   $ 406.1 $ 0.0
Initial payment amount due on delivery   30.0  
SFL West Polaris and SFL Deepwater [Member]      
Related Party Transaction [Line Items]      
Revolving credit facility, amount drawn   831.2  
SFL West Polaris and SFL Deepwater [Member] | Financial Guarantee [Member]      
Related Party Transaction [Line Items]      
Guarantee on loan facility   $ 250.0