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VESSELS AND EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Summary Rollforward of Vessels and equipment
Movements in the three years ended December 31, 2016 may be summarized as follows:

(in thousands of $)
 
Cost

 
Accumulated Depreciation

 
Net Carrying Value

Balance at December 31, 2013
 
752,948

 
(49,887
)
 
703,061

Transfer from Newbuildings
 
186,717

 
—

 
 

Additions
 
3,986

 
—

 
 

Depreciation
 
—

 
(31,845
)
 
 

Balance at December 31, 2014
 
943,651

 
(81,732
)
 
861,919

Vessels and equipment acquired upon the Merger
 
132,712

 
—

 
 
Transfers from Newbuildings
 
133,429

 
—

 
 
Additions
 
101,752

 
—

 
 

Depreciation
 
—

 
(40,614
)
 
 

Balance at December 31, 2015
 
1,311,544

 
(122,346
)
 
1,189,198

Depreciation
 
—

 
(53,369
)
 
 
Additions
 
215

 
—

 
 
Disposals
 
(173,203
)
 
—

 
 
Impairment loss
 
(36,311
)
 
18,099

 
 
Transfers from Newbuildings
 
532,766

 
—

 
 
Balance at December 31, 2016
 
1,635,011

 
(157,616
)
 
1,477,395