ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 31, 2011

ACCRUED EXPENSES [Abstract]

Accrued expenses

(in thousands of $)	2011		2010
Voyage expenses		27,676		33,569
Ship operating expenses		6,261		11,423
Administrative expenses		4,082		4,799
Interest expense		12,322		18,554
Taxes		-		81
Other		35		3,774
		50,376		72,200