DEBT (Tables)

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Schedule of Debt

(in thousands of $)	2012		2011
U.S. dollar denominated floating rate debt:
-$58.24 Million Loan	12,392		53,740
-$175 Million Loan	99,286		100,000
Total debt	111,678		153,740
Less: current portion	(4,700	)	(3,600	)
	106,978		150,140

Debt repayment schedule

The outstanding debt as of December 31, 2012 is repayable as follows: 

(in thousands of $)
Year ending December 31,
2013	4,700
2014	890
2015	106,088
2016	—
2017	—
Thereafter	—
	111,678