OPERATING LEASES

12 Months Ended

Dec. 31, 2018

Operating leases [Abstract]

Disclosure of leases [text block]

23. OPERATING LEASES

Non-cancellable operating lease rentals are payable as follows:

	Year ended December 31
(in millions of U.S. dollars)	2018	2017
NON-CANCELLABLE OPERATING LEASE RENTALS
Less than 1 year	1.0	2.0
Between 1 and 5 years	0.5	5.0
More than 5 years	-	3.2
Total non-cancellable operating lease rentals	1.5	10.2

For the year ended December 31, 2018, an amount of $4.4 million was recognized as an expense in respect of operating leases (2017 - $4.4 million).