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DEFERRED CHARGES
 12 Months Ended
Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
DEFERRED CHARGES
DEFERRED CHARGES
(in thousands of $)
 
2014

 
2013

Capitalized financing fees and expenses
 
6,253

 
2,699

Accumulated amortization
 
(2,720
)
 
(2,035
)
 
 
3,533

 
664



During 2014, a commitment fee of $3.4 million was paid and capitalized in connection with the $420.0 million term loan facility that was entered into in June 2014. During 2013, fully amortized deferred charges of $0.7 million were removed from cost and accumulated amortization.

During 2014, 2013 and 2012, nil, $0.1 million and $0.3 million respectively, were charged against income as a result of early loan repayments.