SHARE OPTION PLANS (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of the newly granted option awards is estimated on the date of grant using a Black-Scholes option valuation model with the following assumptions:

	2011
Risk free interest rate	1.35	%
Expected life (years)	3.5
Expected volatility	62.27	%
Expected dividend yield	0.00	%

Schedule of Share-based Compensation Arrangements by Exercise Price Range

The following summarizes share option transactions related to the Frontline Scheme:

(in thousands)	Number of Options		Weighted Average Exercise Price
Options outstanding as of December 31, 2010	650.7		NOK 131.65
Granted	145.0		NOK 131.10
Exercised	(6.7	)	NOK 132.71
Forfeited	(49.3	)	NOK 130.36
Options outstanding as December 31, 2011	739.7		NOK 130.46
Forfeited	(13.7	)	NOK 130.46
Options outstanding as of December 31, 2012	726.0		NOK 130.46
Forfeited	(13.3	)	NOK 130.46
Options outstanding as of December 31, 2013	712.7		NOK 130.46
Exercisable options as at:
December 31, 2013	670.9		NOK130.46
December 31, 2012	629.3		NOK130.46
December 31, 2011	396.5		NOK130.46