MARKETABLE SECURITIES (Tables)

12 Months Ended

Dec. 31, 2011

MARKETABLE SECURITIES [Abstract]

Schedule of Available-for-sale Securities Reconciliation

Marketable securities held by the Company are equity securities considered to be available-for-sale securities.

(in thousands of $)	2011			2010
Cost		1,355			85,815
Accumulated other-than-temporary impairment		-			(34,560	)
Accumulated net unrealized (loss) gain		(670	)		226
Fair value		685			51,481

Schedule of realized loss on sale of available-for-sale securities

Net unrealized (loss) gain on marketable securities included in comprehensive income is $(0.7) million (2010: $0.2 million).

(in thousands of $)	2011		2010		2009
Proceeds from sale of available-for-sale securities		46,547		-		-
Realized loss on sale of securities		3,355		-		-