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VESSELS AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
VESSELS AND EQUIPMENT, NET
18.
VESSELS AND EQUIPMENT, NET

Movements in the three years ended December 31, 2019 are summarized as follows:

(in thousands of $)
 
Cost

 
Accumulated Depreciation

 
Net Carrying Value

Balance at December 31, 2016
 
1,635,011

 
(157,616
)
 
1,477,395

Transfers from Newbuildings
 
941,388

 
—

 
 
Additions
 
894

 
—

 
 

Depreciation
 
—

 
(77,547
)
 
 

Balance at December 31, 2017
 
2,577,293

 
(235,163
)
 
2,342,130

Depreciation
 
—

 
(96,438
)
 
 
Additions
 
467

 
—

 
 
Transfers from Newbuildings
 
230,596

 
—

 
 
Balance at December 31, 2018
 
2,808,356

 
(331,601
)
 
2,476,755

Depreciation
 
—

 
(102,000
)
 
 
Additions
 
39,029

 
—

 
 
Transfers from Newbuildings
 
166,121

 
—

 
 
Balance at December 31, 2019
 
3,013,506

 
(433,601
)
 
2,579,905



A summary of the vessel deliveries in the three years ended December 31, 2019 can be found in Note 17.