RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2019

A summary of leasing transactions with SFL in the years ended December 31, 2019, 2018 and 2017 are as follows;



(in thousands of $)	2019		2018		2017
Charter hire paid (principal and interest)	11,745		47,324		75,055
Lease termination payments	—		(22,391	)	(19,006	)
Lease interest expense	6,940		16,400		25,980
Contingent rental income	(2,607	)	(19,738	)	(26,148	)
Remaining lease obligation	87,930		99,784		299,016

A summary of net amounts earned from (paid to) related parties for the years ended December 31, 2019, 2018 and 2017 are as follows:



(in thousands of $)	2019		2018		2017
Seatankers Management Co. Ltd	18,878		7,152		3,420
SFL	1,591		2,001		3,473
Golden Ocean	6,851		7,138		6,671
Seatankers Management Norway AS	(705	)	(735	)	(767	)
Arcadia Petroleum Limited	3,197		—		—
Seadrill Limited	367		279		470
Archer Limited	418		317		238
Flex LNG Ltd	1,195		1,788		4,432
North Atlantic Drilling Ltd	—		29		37
Avance Gas	518		—		—
Other related parties	197		101		67

A summary of balances due from related parties at December 31, 2019 and 2018 is as follows:



(in thousands of $)	2019	2018
SFL	4,982	1,653
Seatankers Management Co. Ltd	5,490	2,657
Archer Limited	94	173
Golden Ocean	3,593	2,370
Seadrill Limited	554	538
Arcadia Petroleum Limited	—	—
Flex LNG Ltd	391	210
North Atlantic Drilling Ltd	25	116
Avance Gas	240
Other related parties	212	178
	15,581	7,895

A summary of balances due to related parties at December 31, 2019 and 2018 is as follows:



(in thousands of $)	2019	2018
SFL Corporation Ltd	9,193	8,886
Seatankers Management Co. Ltd	4,037	3,236
Golden Ocean	6,241	5,558
Flex LNG Ltd	636	1,058
Avance Gas	79	—
	20,186	18,738