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VESSELS (Table)
 12 Months Ended
Dec. 31, 2010
Property, Plant and Equipment [Abstract]  
Summary Rollforward of Vessels and equipment
(in thousands of $)
 
Cost

 
Accumulated Depreciation

 
Net Book Value

Balance at December 31, 2009
 
523,689

 
(179,291
)
 
344,398

Purchase of vessels
 
134,201

 
—

 
 
Depreciation
 
—

 
(19,567
)
 
 
Balance at December 31, 2010
 
657,890

 
(198,858
)
 
459,032

Depreciation
 
—

 
(22,759
)
 
 
Balance at December 31, 2011
 
657,890

 
(221,617
)
 
436,273

Transfer to Vessel to held for sale
 
(74,455
)
 
52,932

 
 
Disposal of vessels
 
(236,257
)
 
157,415

 
 
Impairment loss
 
(41,597
)
 
—

 
 
Depreciation
 
—

 
(20,485
)
 
 
Balance at December 31, 2012
 
305,581

 
(31,755
)
 
273,826