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OTHER OPERATING GAINS
 12 Months Ended
Dec. 31, 2019
GAIN ON SALE OF ASSETS AND AMORTIZATION OF DEFERRED GAINS [Abstract]  
OTHER OPERATING GAINS
10.
OTHER OPERATING GAINS

(in thousands of $)
 
2019

 
2018

 
2017

Insurance recoveries
 
3,737

 
—

 
—

Other gains
 
628

 
—

 
—

Gain on termination of vessel leases
 
—

 
10,324

 
2,379

Gain (loss) on pool arrangements
 
(943
)
 
(118
)
 
2

 
 
3,422

 
10,206

 
2,381



In the year ended December 31, 2019, the Company recorded a $3.7 million insurance recovery for loss of hire related to an explosion on the Front Altair. A further $0.6 million gain was recognized in the year ended December 31, 2019 in relation to the settlement of miscellaneous claims.

In the year ended December 31, 2019, the Company recorded a $1.5 million loss (2018: $0.2 million) related to the pooling arrangement with SFL between two of its Suezmax tankers Front Odin and Front Njord and two SFL vessels Glorycrown and Everbright. A gain of $0.6 million was recorded in the year ended December 31, 2019 (2018: $0.1 million) related to other pooling arrangements.

In the year ended December 31, 2018, the Company terminated the leases on six VLCCs, recognizing a gain of $10.3 million. In the year ended December 31, 2017, the Company terminated the leases on two VLCCs and two Suezmax tankers, recognizing a gain of $2.4 million.

Further information on the gain on termination of vessel leases can be found in Note 19.