SFL (SFL) 20-F 14 Mar 24 2023 FY Annual report (foreign) Financial data

COVER

COVER	12 Months Ended
	Dec. 31, 2023 shares
Document Information [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-32199
Entity Registrant Name	SFL Corporation Ltd.
Entity Incorporation, State or Country Code	D0
Entity Address, Address Line Two	Par-la-Ville Place
Entity Address, Address Line One	14 Par-la-Ville Road
Entity Address, City or Town	Hamilton
Entity Address, Postal Zip Code	HM 08
Entity Address, Country	BM
Title of 12(b) Security	Common Shares, $0.01 Par Value
Trading Symbol	SFL
Security Exchange Name	NYSE
Security Reporting Obligation	15(d)
Entity Common Stock, Shares Outstanding	137,467,078
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	U.S. GAAP
Entity Shell Company	false
Entity Central Index Key	0001289877
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Business Contact
Document Information [Line Items]
Entity Address, Address Line Two	Par-la-Ville Place
Entity Address, Address Line One	14 Par-la-Ville Road
Entity Address, City or Town	Hamilton
Entity Address, Postal Zip Code	HM 08
Entity Address, Country	BM
Contact Personnel Name	James Ayers
City Area Code	+1 (441)
Local Phone Number	295-9500
Contact Personnel Fax Number	+1 (441) 295-3494

AUDIT INFORMATION

AUDIT INFORMATION	12 Months Ended
	Dec. 31, 2023
Audit Information [Abstract]
Auditor Firm ID	1572
Auditor Name	Ernst & Young AS
Auditor Location	Oslo, Norway

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating revenues
Interest income related parties – direct financing leases	$ 0	$ 382	$ 5,186
Interest income other – sales-type, direct financing leases and leaseback assets	6,192	8,534	14,338
Service revenue related parties – direct financing leases	0	1,746	6,570
Profit sharing revenues – related parties	0	3,044	10,103
Profit sharing income – other	13,162	24,786	10,601
Time charter revenues – related parties	54,601	52,326	50,463
Time charter revenues – other	489,833	423,662	319,282
Bareboat charter revenues – related parties	0	17,770	28,898
Bareboat charter revenues – other	0	41,183	1,798
Voyage charter revenues	33,648	72,362	61,804
Drilling contract revenues	146,890	18,775	0
Other operating income	7,960	5,823	4,353
Total operating revenues	752,286	670,393	513,396
Gain on sale of assets, net	18,670	13,228	39,405
Operating expenses
Vessel operating expenses – related parties	22,736	24,141	28,623
Vessel operating expenses – other	158,197	164,261	128,109
Rig operating expenses	112,823	16,741	0
Depreciation	214,062	187,827	138,330
Vessel impairment charge	7,389	0	1,927
Administrative expenses – related parties	1,455	1,541	740
Administrative expenses – other	14,110	13,636	12,234
Total operating expenses	530,772	408,147	309,963
Net operating income	240,184	275,474	242,838
Non-operating income / (expense)
Interest income – related parties, long term loans to associated companies	4,563	4,563	6,921
Interest income – related parties, other	0	463	443
Interest income – other	9,073	2,947	86
Interest expense	(167,010)	(117,339)	(97,090)
(Loss)/gain on investments in debt and equity securities	(1,912)	18,171	995
Loss on purchase of bonds and debt extinguishment	(540)	0	(727)
Dividend income – related parties	1,246	128	0
Other financial items, net	(1,192)	15,528	6,683
Equity in earnings of associated companies	2,848	2,833	4,194
Income before taxes	87,260	202,768	164,343
Tax expense	(3,323)	0	0
Net income	$ 83,937	$ 202,768	$ 164,343
Per share information:
Basic earnings per share (in dollars per share)	$ 0.67	$ 1.60	$ 1.35
Weighted average number of shares outstanding, basic (in shares)	126,249	126,789	122,141
Diluted earnings per share (in dollars per share)	$ 0.66	$ 1.53	$ 1.30
Weighted average number of shares outstanding, diluted (in shares)	126,584	137,377	139,383
Cash dividend per share declared and paid (in dollars per share)	$ 0.97	$ 0.88	$ 0.63

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 83,937	$ 202,768	$ 164,343
Fair value adjustments to hedging financial instruments	(8,787)	18,602	10,408
Earnings reclassification of previously deferred fair value adjustments to hedging financial instruments	4,607	0	0
Fair value adjustments to available-for-sale securities	0	0	(1,101)
Earnings reclassification of previously deferred fair value adjustments to investment securities classified as available-for-sale securities	0	(631)	817
Other comprehensive loss	(35)	(63)	(2)
Other comprehensive income/(loss), net of tax	(4,215)	17,908	10,122
Comprehensive income	$ 79,722	$ 220,676	$ 174,465

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 165,492	$ 188,362
Investment in debt and equity securities	5,104	7,283
Trade accounts receivable	41,190	20,003
Inventories	11,728	16,395
Prepaid expenses and accrued income	16,489	17,127
Investment in sales-type leases, direct financing leases and leaseback assets, current portion	20,640	15,432
Financial instruments at fair value, current portion	4,617	1,936
Total current assets	298,059	296,982
Vessels, rigs and equipment, net	2,654,733	2,646,389
Vessels under finance lease, net	573,454	614,763
Investment in sales-type leases, direct financing leases and leaseback assets, long-term portion	35,099	103,591
Investment in associated companies	16,473	16,547
Capital improvements, newbuildings and vessel purchase deposits	86,058	97,860
Loans and long term receivables from related parties including associates	45,000	45,000
Financial instruments at fair value, long-term portion	13,608	26,716
Other long-term assets	8,905	13,482
Total assets	3,731,389	3,861,330
Current liabilities
Short-term debt and current portion of long-term debt	432,918	921,270
Finance lease liability, current portion	419,341	53,655
Trade accounts payable	30,259	7,887
Accrued expenses	39,187	27,198
Financial instruments at fair value, current portion	12,366	16,861
Total current liabilities	969,195	1,056,611
Long-term liabilities
Long-term debt	1,713,828	1,279,786
Finance lease liability, long-term portion	0	419,341
Financial instruments at fair value, long-term portion	8,965	14,357
Other long-term liabilities	4	4
Total liabilities	2,691,992	2,770,099
Commitments and contingent liabilities
Stockholders' equity
Share capital ($0.01 par value; 300,000,000 shares authorized; 138,562,173 shares issued and 137,467,078 shares outstanding as of December 31, 2023). ($0.01 par value; 300,000,000 shares authorized; 138,562,173 shares issued and outstanding as of December 31, 2022).	1,386	1,386
Additional paid-in capital	618,164	616,554
Treasury stock	(10,174)	0
Contributed surplus	424,562	424,562
Accumulated other comprehensive income	4,499	8,714
Retained earnings	960	40,015
Total stockholders' equity	1,039,397	1,091,231
Total liabilities and stockholders' equity	3,731,389	3,861,330
Related Party
Current assets
Other receivables	3,532	4,392
Loans and long term receivables from related parties including associates	45,000	45,000
Current liabilities
Other current liabilities	2,890	1,936
Nonrelated Party
Current assets
Other receivables	29,267	26,052
Current liabilities
Other current liabilities	$ 32,234	$ 27,804

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022	Apr. 30, 2018	Nov. 30, 2016
Stockholders' equity
Share capital, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Share capital, shares authorized (in shares)	300,000,000	300,000,000
Share capital, shares issued (in shares)	138,562,173	138,562,173
Share Capital, shares outstanding (in shares)	137,467,078	138,562,173

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating activities
Net income	$ 83,937	$ 202,768	$ 164,343
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	214,062	187,827	138,330
Amortization of deferred charges	7,731	7,209	6,704
Amortization of deferred charter revenue	(1,428)	3,282	6,672
Vessel impairment charge	7,389	0	1,927
Adjustment of derivatives to fair value recognized in net income	8,374	(17,142)	(11,591)
(Gain)/loss on investments in debt and equity securities	1,912	(18,171)	(995)
Equity in earnings of associated companies	(2,848)	(2,833)	(4,194)
Gain on sale of assets	(18,670)	(13,228)	(39,405)
Repayments from investment in sales-type, direct financing and leaseback assets	13,906	17,025	36,276
Loss on repurchase of bonds	540	0	727
Other, net	2,013	1,381	1,072
Changes in operating assets and liabilities
Trade accounts receivable	(20,941)	(9,033)	(4,073)
Due to/ from related parties	1,821	4,836	(4,317)
Other receivables and other current assets	(3,127)	(11,026)	6,518
Inventories	4,666	(6,271)	(1,315)
Prepaid expenses and accrued income	638	(10,725)	(3,806)
Trade accounts payable	22,372	6,118	447
Accrued expenses and other current liabilities	20,742	13,108	275
Net cash provided by operating activities	343,089	355,125	293,595
Investing activities
Purchase of vessels, capital improvements and other additions	(264,418)	(602,499)	(581,622)
Proceeds from sale of vessels	156,200	83,333	183,886
Net amounts received from associated companies	2,919	2,916	9,998
Payments for acquisition of debt and equity securities	0	0	(1,350)
Proceeds from redemption of debt and equity securities	0	14,989	9,608
Collateral deposits received/(paid) on swap agreements	1,680	2,173	(9,970)
Other investments and long-term assets, net	(275)	0	400
Net cash used in investing activities	(103,894)	(499,088)	(389,050)
Financing activities
Repayments of lease obligation liability	(53,654)	(51,204)	(48,887)
Proceeds from issuance of short-term and long-term debt	944,585	959,595	586,750
Repayments of short-term and long-term debt	(781,122)	(611,310)	(301,451)
Repurchase of bonds	(205,848)	0	(215,098)
Debt fees paid	(12,448)	(7,142)	(8,025)
Principal settlements of cross currency swaps, net	(20,412)	0	0
Proceeds from shares issued, net of issuance costs	0	0	89,280
Cash paid for shares repurchase	(10,174)	0	0
Cash dividends paid	(122,992)	(111,574)	(77,552)
Net cash (used in)/provided by financing activities	(262,065)	178,365	25,017
Net change in cash, restricted cash and cash equivalents	(22,870)	34,402	(70,438)
Cash, restricted cash and cash equivalents at start of the year	188,362	153,960	224,398
Cash, restricted cash and cash equivalents at end of the year	165,492	188,362	153,960
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	165,492	188,362	145,622
Restricted cash	0	0	8,338
Cash, restricted cash and cash equivalents at end of the year	165,492	188,362	153,960
Supplemental disclosure of cash flow information:
Interest paid on debt, swaps and leases, net of capitalized interest	$ 148,505	$ 109,682	$ 96,827

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Share capital	Additional paid-in capital	Additional paid-in capital Cumulative Effect, Period Of Adoption, Adjustment	Treasury stock	Contributed surplus	Accumulated other comprehensive income/( loss)	Retained earnings / (accumulated deficit)	Retained earnings / (accumulated deficit) Cumulative Effect, Period Of Adoption, Adjustment
Balance, at beginning of year (in shares) at Dec. 31, 2020		127,810,064
Balance, at beginning of year at Dec. 31, 2020		$ 1,278	$ 531,382		$ 0	$ 539,370	$ (19,316)	$ (257,063)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued (in shares)		10,741,323
Shares repurchased (in shares)		0			0
Shares issued- share option, dividend reinvestment and other schemes		$ 108	89,269
Payments in lieu of issuing shares	$ 100		(97)
Amortization of stock-based compensation			981
Adjustment to equity component of convertible bonds arising from reacquisition of bonds			(498)
Treasury stock					$ 0
Fair value adjustments to hedging financial instruments							10,408
Earnings reclassification of previously deferred fair value adjustments to hedging financial instruments	0						0
Fair value adjustments to available-for-sale securities							(1,101)
Earnings reclassification of previously deferred fair value adjustments to available-for-sale securities	817						817
Other comprehensive loss	(2)						(2)
Net income	164,343							164,343
Dividends declared						(77,552)		0
Balance, at end of year (in shares) at Dec. 31, 2021		138,551,387
Balance, at end of year at Dec. 31, 2021	$ 982,327	$ 1,386	621,037	$ (5,863)	$ 0	461,818	(9,194)	(92,720)	$ 4,285
Accumulated other comprehensive income/(loss)
Accounting Standards Update [Extensible List]	Accounting Standards Update 2020-06 [Member]
Fair value adjustments to hedging financial instruments	$ (9,496)
Fair value adjustments to available-for-sale securities	631
Other items	(329)
Accumulated other comprehensive income/(loss)	(9,194)
Shares issued (in shares)		10,786
Shares repurchased (in shares)		0			0
Shares issued- share option, dividend reinvestment and other schemes		$ 0	0
Payments in lieu of issuing shares			0
Amortization of stock-based compensation			1,380
Adjustment to equity component of convertible bonds arising from reacquisition of bonds			0
Treasury stock					$ 0
Fair value adjustments to hedging financial instruments							18,602
Earnings reclassification of previously deferred fair value adjustments to hedging financial instruments	0						0
Fair value adjustments to available-for-sale securities							0
Earnings reclassification of previously deferred fair value adjustments to available-for-sale securities	(631)						(631)
Other comprehensive loss	(63)						(63)
Net income	$ 202,768							202,768
Dividends declared						(37,256)		(74,318)
Balance, at end of year (in shares) at Dec. 31, 2022	138,562,173	138,562,173
Balance, at end of year at Dec. 31, 2022	$ 1,091,231	$ 1,386	616,554		$ 0	424,562	8,714	40,015
Accumulated other comprehensive income/(loss)
Fair value adjustments to hedging financial instruments	9,106
Fair value adjustments to available-for-sale securities	0
Other items	(392)
Accumulated other comprehensive income/(loss)	$ 8,714
Shares issued (in shares)		0
Shares repurchased (in shares)	(1,095,095)	(1,095,095)			(1,095,095)
Shares issued- share option, dividend reinvestment and other schemes		$ 0	0
Payments in lieu of issuing shares			0
Amortization of stock-based compensation			1,610
Adjustment to equity component of convertible bonds arising from reacquisition of bonds			0
Treasury stock	$ (10,200)				$ (10,174)
Fair value adjustments to hedging financial instruments							(8,787)
Earnings reclassification of previously deferred fair value adjustments to hedging financial instruments	4,607						4,607
Fair value adjustments to available-for-sale securities							0
Earnings reclassification of previously deferred fair value adjustments to available-for-sale securities	0						0
Other comprehensive loss	(35)						(35)
Net income	$ 83,937							83,937
Dividends declared						0		(122,992)
Balance, at end of year (in shares) at Dec. 31, 2023	137,467,078	137,467,078
Balance, at end of year at Dec. 31, 2023	$ 1,039,397	$ 1,386	$ 618,164		$ (10,174)	$ 424,562	$ 4,499	$ 960
Accumulated other comprehensive income/(loss)
Fair value adjustments to hedging financial instruments	4,926
Fair value adjustments to available-for-sale securities	0
Other items	(427)
Accumulated other comprehensive income/(loss)	$ 4,499

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Number of shares repurchased (in shares)	1,095,095
Treasury stock	$ (10,200)
Treasury stock
Number of shares repurchased (in shares)	1,095,095	0	0
Treasury stock	$ (10,174)	$ 0	$ 0

GENERAL

GENERAL	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	GENERAL SFL Corporation Ltd. (“SFL” or the “Company”) is an international maritime and offshore asset owning and chartering company, incorporated in October 2003 in Bermuda as a Bermuda exempted company. The Company's common shares are listed on the New York Stock Exchange under the symbol “SFL”. The Company is primarily engaged in the ownership, operation and chartering out of vessels and offshore related assets on medium and long-term charters. As of December 31, 2023, the Company owned seven Suezmax crude oil carriers, six oil product tankers, 15 dry bulk carriers (including five Supramax, two Kamsarmax and eight Capesize dry bulk carriers), 32 container vessels (including seven leased-in vessels), one jack-up drilling rig, one ultra-deepwater drilling rig, five car carriers, as well as two dual-fuel 7,000 Car Equivalent Unit (“CEU”) newbuilding car carriers under construction. One of these vessels was delivered from the shipyard in January 2024 with the second vessel expected to be delivered during the first half of 2024. The Company also partly own four leased-in container vessels in our associated companies. (See Note 18: Investment in Associated Companies). Since the Company's incorporation in 2003 and public listing in 2004, SFL has established itself as a leading international ship and offshore asset owning and chartering company, expanding both its asset and customer base.

ACCOUNTING POLICIES

ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
ACCOUNTING POLICIES	ACCOUNTING POLICIES Basis of Accounting The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). The consolidated financial statements include the assets and liabilities and results of operations of the Company and its subsidiaries. All inter-company balances and transactions have been eliminated on consolidation. Where necessary, comparative figures for previous years have been reclassified to conform to changes in presentation in the current year. Consolidation of variable interest entities A variable interest entity is defined in Accounting Standards Codification ("ASC") Topic 810 "Consolidation" ("ASC 810") as a legal entity where either (a) the total equity at risk is not sufficient to permit the entity to finance its activities without additional subordinated support; (b) equity interest holders as a group lack either i) the power to direct the activities of the entity that most significantly impact on its economic success, ii) the obligation to absorb the expected losses of the entity, or iii) the right to receive the expected residual returns of the entity; or (c) the voting rights of some investors in the entity are not proportional to their economic interests and the activities of the entity involve or are conducted on behalf of an investor with a disproportionately small voting interest. ASC 810 requires a variable interest entity to be consolidated by its primary beneficiary, being the interest holder, if any, which has both (1) the power to direct the activities of the entity which most significantly impact on the entity's economic performance, and (2) the right to receive benefits or the obligation to absorb losses from the entity which could potentially be significant to the entity. The Company evaluates its subsidiaries, and any other entities in which it holds a variable interest, in order to determine whether the Company is the primary beneficiary of the entity, and where it is determined that the Company is the primary beneficiary the Company fully consolidate the entity. Use of accounting estimates The preparation of financial statements in accordance with U.S. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue and expense recognition The Company generates its revenues from the charter hire of its vessels and offshore related assets, and freight billings. Revenues are generated from time charter hire, bareboat charter hire, direct financing lease interest income, sales-type lease interest income, leaseback assets interest income, direct financing lease service revenues, profit sharing arrangements, drilling contract revenue, voyage charters and other freight billings. In a time charter voyage, the vessel is hired by the charterer for a specified period of time in exchange for consideration which is based on a daily hire rate. Generally, the charterer has the discretion over the ports visited, shipping routes and vessel speed. The contract/charter party generally provides typical warranties regarding the speed and performance of the vessel. The charter party generally has some owner protective restrictions such that the vessel is sent only to safe ports by the charterer and carries only lawful or non-hazardous cargo. In a time charter contract, we are responsible for all the costs incurred for running the vessel such as crew costs, vessel insurance, repairs and maintenance, lubrication oil and other costs relevant to operate the vessel. The charterer bears the voyage related costs such as bunker expenses, port charges, and canal tolls during the hire period. The performance obligations in a time charter contract are satisfied over the term of the contract beginning when the vessel is delivered to the charterer until it is redelivered back to us. The charterer generally pays the charter hire in advance of the upcoming contract period. The time charter contracts are either operating or direct financing or sales type leases. Where time charters and bareboat charters are considered operating leases, revenues are recorded over the term of the charter as a service is provided. When a time charter contract is linked to an index, we recognize revenue for the applicable period based on the actual index for that period. Rental payments from direct financing and sales-type leases and leaseback assets are allocated between service revenues, if applicable, interest income and capital repayments. The amount allocated to lease service revenue is based on the estimated fair value, at the time of entering the lease agreement, of the services provided which consist of ship management and operating services. In a voyage charter contract, the charterer hires the vessel to transport a specific agreed-upon cargo for a single voyage. The consideration in such a contract is determined on the basis of a freight rate per metric ton of cargo carried or occasionally on a lump sum basis. The charterer is responsible for any short loading of cargo or "dead" freight. The voyage charter party generally has standard payment terms with freight paid on completion of discharge. The voyage charter party generally has a "demurrage" clause. As per this clause, the charterer reimburses us for any potential delays exceeding the allowed laytime as per the charter party clause at the ports visited, which is recorded as voyage revenue. Estimates and judgments are required in ascertaining the most likely outcome of a particular voyage and actual outcomes may differ from estimates. Such estimate is reviewed and updated over the term of the voyage charter contract. In a voyage charter contract, the performance obligations begin to be satisfied once the vessel begins loading the cargo. We have determined that our voyage charter contracts consist of a single performance obligation of transporting the cargo within a specified time period. Therefore, the performance obligation is met evenly as the voyage progresses, and the revenue is recognized on a straight line basis over the voyage days from the commencement of loading to completion of discharge. Contract assets with regards to voyage revenues are reported as "Voyages in progress" as the performance obligation is satisfied over time. Voyage revenues typically become billable and due for payment on completion of the voyage and discharge of the cargo, at which point the receivable is recognized as "Trade accounts receivable, net". In a voyage contract, the Company bears all voyage related costs such as fuel costs, port charges and canal tolls. To recognize costs incurred to fulfill a contract as an asset, the following criteria shall be met: (i) the costs relate directly to the contract, (ii) the costs generate or enhance resources of the entity that will be used in satisfying performance obligations in the future and (iii) the costs are expected to be recovered. The costs incurred during the period prior to commencement of loading the cargo, primarily bunkers, are deferred as they represent setup costs and recorded as a current asset and are subsequently amortized on a straight-line basis as we satisfy the performance obligations under the contract. Costs incurred to obtain a contract, such as commissions, are also deferred and expensed over the same period. For our vessels operating under revenue sharing agreements, or in pools, revenues and voyage expenses are pooled and allocated to each pool’s participants in accordance with an agreed-upon formula. Revenues generated through revenue sharing agreements are presented gross when we are considered the principal under the charter parties with the net income allocated under the revenue sharing agreement presented as within voyage charter income. For revenue sharing agreements that meet the definition of a lease, we account for such contracts as variable rate operating leases and recognize revenue for the applicable period based on the actual net revenue distributed by the pool. The activities that drive the revenue earned from our drilling contract primarily includes providing a drilling rig and the crew and supplies necessary to operate the rig, but may also in the future include mobilizing and demobilizing the rig to and from the drill site and performing rig preparation activities and/or modifications required for the contract with a customer. We account for these integrated services as a single performance obligation that is (i) satisfied over time and (ii) comprised of a series of distinct time increments of service. We recognize drilling contract revenues for activities that correspond to a distinct time increment of service within the contract term in the period when the services are performed. We recognize consideration for activities that are (i) not distinct within the context of our contracts and (ii) do not correspond to a distinct time increment of service, ratably over the estimated contract term. We determine the total transaction price for each individual contract by estimating both fixed and variable consideration expected to be earned over the term of the contract. The amount estimated for variable consideration may be constrained and is only included in the transaction price to the extent that it is probable that a significant reversal of previously recognized revenue will not occur throughout the term of the contract. When determining if variable consideration should be constrained, we consider whether there are factors outside of our control that could result in a significant reversal of revenue as well as the likelihood and magnitude of a potential reversal of revenue. We reassess these estimates each reporting period as required. Consideration received for drilling contracts mainly comprises of dayrate drilling revenue which provide for payment on a dayrate basis, with higher rates for periods when the drilling rig is operating and lower rates or zero rates for periods when drilling operations are interrupted or restricted. The dayrate invoices billed to the customer are typically determined based on the varying rates applicable to the specific activities performed on an hourly basis. Such dayrate consideration is allocated to the distinct hourly incremental service it relates to. Revenue is recognized in line with the contractual rate billed for the services provided for any given hour. As detailed in Note 25: Related Party Transactions, the Company has, or has had, profit sharing arrangements with Frontline Shipping Limited ("Frontline Shipping"), and Golden Ocean Group Limited ("Golden Ocean"). In addition, the Company's charter agreements relating to seven containerships chartered to Maersk on a time charter basis include an arrangement where we receive a share of the fuel savings, dependent on the price difference between IMO compliant fuel and IMO non-compliant fuel that is subsequently made compliant by the scrubbers. Also, scrubber related fuel savings revenue is earned by the Company in connection with a 4,900 CEU car carrier, Arabian Sea , on a six-year time charter with EUKOR Car Carriers Inc. (“Eukor”). As a result of the profit share mechanism, SFL is entitled to a share of the difference between the prices paid and the plats bunker prices at the time and place of bunkering. Amounts receivable under these arrangements are accrued on the basis of amounts earned at the reporting date. Any contingent elements of rental income, such as profit share, fuel saving payments and interest rate adjustments, are recognized when the contingent conditions have materialized. Foreign currencies The Company's functional currency is the U.S. dollar as the majority of revenues are received in U.S. dollars and the majority of the Company's expenditures are made in U.S. dollars. The Company's reporting currency is also the U.S. dollar. Most of the Company's subsidiaries report in U.S. dollars. Transactions in foreign currencies during the year are translated into U.S. dollars at the rates of exchange in effect at the date of the transaction. Foreign currency monetary assets and liabilities are translated using rates of exchange at the balance sheet date. Foreign currency non-monetary assets and liabilities are translated using historical rates of exchange. Foreign currency transaction gains or losses are included under "Other financial items" in the consolidated statements of operations. Cash and cash equivalents For the purposes of the consolidated statements of cash flows, all demand and time deposits and highly liquid, low risk investments with original maturities of three months or less are considered equivalent to cash. Restricted cash Restricted cash consists of cash which may only be used for certain purposes and is held under a contractual arrangement. The Company classifies restricted cash as short-term and a current asset if the cash is restricted for less than a year. Otherwise, the restricted cash is classified as long-term. Investment in debt and equity securities Investments in debt and equity securities include share investments and interest-earning listed and unlisted corporate bonds. Any premium paid on their acquisition is amortized over the life of the bond. Investments in debt securities are recorded at fair value, with unrealized gains and losses recorded as a separate component of other comprehensive income. Investments in equity securities are recorded at fair value, with unrealized gains and losses recorded in the consolidated statement of operations. If circumstances arise which lead the Company to believe that the issuer of a corporate bond may be unable to meet its payment obligations in full, or that the fair value at acquisition of the share investment or corporate bond may otherwise not be fully recoverable, then to the extent that a loss is expected to arise that unrealized loss is recorded as an impairment in the statement of operations, with an adjustment if necessary to any unrealized gains or losses previously recorded in other comprehensive income. In determining whether the Company has an other-than-temporary impairment in its investment in bonds, in addition to the Company’s intention and ability to hold the investments until the market recovers, the Company considers the period of decline, the amount and the severity of the decline and the ability of the investment to recover in the near to medium term. The Company also evaluates if the underlying security provided by the bonds is sufficient to ensure that the decline in fair value of these bonds did not result in an other-than-temporary impairment. The cost of disposals or reclassifications from other comprehensive income is calculated on an average cost basis, where applicable. The fair value of unlisted corporate bonds is determined from an analysis of projected cash flows, based on factors including the terms, provisions and other characteristics of the bonds, credit ratings and default risk of the issuing entity, the fundamental financial and other characteristics of that entity, and the current economic environment and trading activity in the debt market. Investments in associated companies Investments in affiliates in which the Company has significant influence but does not exercise control are accounted for using the equity method of accounting. Under the equity method, the Company records its investments in equity-method investees on the consolidated balance sheets as "Investment in associated companies" and its share of the nonconsolidated affiliate's income or loss is recognized in the consolidated statement of operations as "Equity in earnings of associated companies". The cumulative post-acquisition changes in the investment are adjusted against the carrying amount of the investment. Allowance for expected credit losses The balances recorded in respect of T rade receivables, Other receivables, Related party receivables, Other long term assets and Investments in sales-type leases, direct financing leases and leaseback assets reflect the risk that our customers may fail to meet their payment obligations and the risk that the underlying asset value of the vessels and rigs could be less than the unguaranteed residual value. The Company estimates the expected risk of loss over the remaining life using a probability of default and net exposure analysis. The probability of default is estimated based on historical cumulative default data, adjusted for current conditions of similarly risk-rated counterparties over the contractual term. The net exposure is estimated based on the exposure, net of the estimated value of the underlying vessels and rigs in the instance of Investments in sales-type leases, direct financing leases and leaseback assets , over the contractual term. Current expected credit loss provisions are classified as expenses in the Consolidated Statement of Operations, with a corresponding allowance for credit loss amount reported as a reduction in the related balance sheet amount of Tr ade receivables, Other receivables, Related party receivables, Other long term assets and Investments in sales-type leases, direct financing leases and leaseback assets . Partial or full recoveries of amounts previously written off are generally recognized as a reduction in the provision for credit losses. Trade accounts receivable The amount shown as trade accounts receivable at each balance sheet date includes receivables due from customers for hire of vessels and offshore related assets, net of allowance for expected credit losses. Inventories Inventories are comprised principally of fuel and lubricating oils and are stated at the lower of cost and net realizable value. Cost is determined on a first-in first-out basis. Vessels, rigs and equipment (including operating lease assets) Vessels, rigs and equipment are recorded at historical cost less accumulated depreciation and, if appropriate, impairment charges. The cost of these assets less estimated residual value is depreciated on a straight-line basis over the estimated remaining economic useful life of the asset. The estimated economic useful life of our offshore drilling rigs is 30 years and for all other vessels it is 25 years. Where an asset is subject to an operating lease that includes fixed price purchase options, the projected net book value of the asset is compared to the option price at the various option dates. If any option price is less than the projected net book value at an option date, the initial depreciation schedule is amended so that the carrying value of the asset is written down on a straight line basis to the option price at the option date. If the option is not exercised, this process is repeated so as to amortize the remaining carrying value, on a straight line basis, to the estimated recycling value or the option price at the next option date, as appropriate. This accounting policy for fixed assets has the effect that if an option is exercised there will be either a) no gain or loss on the sale of the asset or b) in the event that the option is exercised at a price in excess of the net book value at the option date, a gain will be reported in the statement of operations at the date of delivery to the new owners, under the heading "gain on sale of assets". The Company capitalizes and depreciates the costs of significant replacements, renewals and upgrades to its vessels and rigs over the shorter of the asset’s remaining useful life or the life of the renewal or upgrade. The amount capitalized is based on management’s judgment as to expenditures that extend the useful life of the asset or increase the operational efficiency of the asset. Costs that are not capitalized are recorded as a component of direct operating expenses during the period incurred. Expenses for routine maintenance and repairs are expensed as incurred. Advances paid in respect of upgrades in relation to Exhaust Gas Cleaning Systems ("EGCS" or "scrubbers") and Ballast water treatment systems ("BWTS") are included within "Capital improvements, newbuildings and vessel purchase deposits,", until such time as the equipment is installed on a vessel or a rig, at which point it is transferred to "Vessels, rigs and equipment, net". Office equipment is depreciated at 20% per annum on a reducing balance basis. Drydocking provisions for vessels Normal vessel repair and maintenance costs are charged to expense when incurred. The Company recognizes the cost of a drydocking at the time the drydocking takes place, that is, it applies the "expense as incurred" method. Special Periodic Survey ("SPS") for rigs Costs related to periodic overhauls of drilling rigs are capitalized and amortized over the anticipated period between overhauls, which is generally five years. Related costs are primarily yard costs and the cost of employees directly involved in the work. We include amortization costs for periodic overhauls in depreciation expense. Costs related to repair and maintenance activities are included in rig operating expenses and are expensed as incurred. Vessels and equipment under finance lease The Company charters-in certain vessels and equipment under leasing agreements. Leases of vessels and equipment, where the Company has substantially all the risks and rewards of ownership, are classified as "vessels under finance lease", with corresponding lease liabilities recorded. The Company capitalizes and depreciates the costs of significant replacements, renewals and upgrades to its vessels over the shorter of the vessel’s remaining useful life or the life of the renewal or upgrade. The amount capitalized is based on management’s judgment as to expenditures that extend a vessel’s useful life or increase the operational efficiency of a vessel. Costs that are not capitalized are recorded as a component of direct vessel operating expenses during the period incurred. Expenses for routine maintenance and repairs are expensed as incurred. Advances paid in respect of vessel upgrades in relation to EGCS and BWTS are included within "Capital improvements, newbuildings and vessel purchase deposits", until such time as the equipment is installed on a vessel, at which point it is transferred to "Vessels under finance lease, net". Depreciation of vessels and equipment under finance lease is included within "Depreciation" in the consolidated statement of operations. Vessels and equipment under finance lease are depreciated on a straight-line basis over the vessels' remaining economic useful lives or on a straight-line basis over the term of the lease. The method applied is determined by the criteria by which the lease has been assessed to be a finance lease. Newbuildings The carrying value of vessels under construction ("newbuildings") represents the accumulated costs to the balance sheet date which the Company has paid by way of purchase installments and other capital expenditures together with capitalized loan interest and associated finance costs. No charge for depreciation is made until a newbuilding is put into operation. Capitalized interest Interest expense is capitalized during the period of construction of newbuilding vessels based on accumulated expenditures for the applicable vessel at the Company's capitalization rate of interest. The amount of interest capitalized in an accounting period is determined by applying an interest rate (the "capitalization rate") to the average amount of accumulated expenditures for the vessel during the period. The capitalization rate used in an accounting period is based on the rates applicable to borrowings outstanding during the period. The Company does not capitalize amounts in excess of actual interest expense incurred in the period. Investment in sales-type leases and direct financing leases Leases (charters) of our vessels where we are the lessor are classified as either direct financing, sales-type leases, operating leases, or leaseback assets based on an assessment of the terms of the lease. For charters classified as direct financing leases, the minimum lease payments (reduced in the case of time chartered vessels by projected vessel operating costs) plus the estimated residual value of the vessel are recorded as the gross investment in the direct financing lease. For direct financing leases, the difference between the gross investment in the lease and the carrying value of the vessel is recorded as unearned lease interest income. The net investment in the lease consists of the gross investment less the unearned income. Over the period of the lease each charter payment received, net of vessel operating costs if applicable, is allocated between "lease interest income" and "repayment of investment in lease" in such a way as to produce a constant percentage rate of return on the balance of the net investment in the direct financing lease. Thus, as the balance of the net investment in each direct financing lease decreases, a lower proportion of each lease payment received is allocated to lease interest income and a greater proportion is allocated to lease repayment. For direct financing leases relating to time chartered vessels, the portion of each time charter payment received that relates to vessel operating costs is classified as "service revenue - direct financing leases". For sales-type leases, the difference between the gross investment in the lease and the present value of its components, i.e. the minimum lease payments and the estimated residual value, is recorded as unearned lease interest income. The discount rate used in determining the present values is the interest rate implicit in the lease. The present value of the minimum lease payments, computed using the interest rate implicit in the lease, is recorded as the sales price, from which the carrying value of the vessel at the commencement of the lease is deducted in order to determine the profit or loss on sale. As is the case for direct financing leases, the unearned lease interest income is amortized to income over the period of the lease so as to produce a constant periodic rate of return on the net investment in the lease. The difference between the fair value of the leased asset and the costs results in a selling profit or loss. A selling profit is recognized at lease commencement for sales-type leases and over the lease term for direct financing leases. Selling loss is recognized at lease commencement for both sales-type and direct financing leases. The fair value is considered to be the cost of acquiring the vessel unless a significant period has elapsed between the acquisition of the vessel and the commencement of the lease. Where a sales-type lease, direct financing lease or leaseback asset charter arrangement containing fixed price purchase options, the projected carrying value of the net investment in the lease is compared to the option price at the various option dates. If any option price is less than the projected net investment in the lease at an option date, the rate of amortization of unearned lease interest income is adjusted to reduce the net investment to the option price at the option date. If the option is not exercised, this process is repeated so as to reduce the net investment in the lease to the un-guaranteed residual value or the option price at the next option date, as appropriate. This accounting policy for investments in direct financing or sales-type leases or leaseback assets has the effect that if an option is exercised there will either be a) no gain or loss on the exercise of the option or b) in the event that an option is exercised at a price in excess of the net investment in the lease at the option date, a gain will be reported in the statement of operations at the date of delivery to the new owners. If the terms of an existing lease are agreed to be amended, the modification is evaluated to consider if it is a contract which occurs when the modification grants the lessee an additional right-of-use not included in the original lease and the lease payments increase commensurate with the standalone price for the additional right of use, adjusted for the circumstances of the particular contract. If both conditions are met, the amendments are treated as a separate lease. If the conditions are not met, the lease is re-evaluated under ASC 842, as a new lease with the new terms. Leaseback assets Any vessels purchased and leased back to the same party are evaluated under sale and leaseback accounting guidance contained in ASC 842 to determine whether it is appropriate to account for the transaction as a purchase of an asset. If control is deemed not to have passed to the Company as purchaser, due for example to the lessee having purchase options, the transaction is accounted for under ASC 310 where the purchase price paid is accounted for as loan receivable and described as a "leaseback asset". Interest income is recognized on the aggregate loan receivable based on the imputed interest rate and the part of the rental income received is allocated as a reduction of the vessel loan balance. Finance lease liability and Lease debt financing Similar to the Leaseback assets above, any vessels sold and leased back from the same party are also evaluated under sale and leaseback accounting guidance contained in ASC 842 to determine whether it is appropriate to account for the transaction as a sale of an asset. If control is deemed not to have passed to the buyer, it is deemed as "a failed sale and leaseback transaction" and the Company accounts for the transaction as a financing arrangement and describes this as "lease debt financing". The Company does not derecognize the underlying vessel and continue to depreciate the asset. The sales proceeds received from the buyer-lessor are recorded as a financial liability. Charter hires paid by the Company to the buyer-lessor are allocated between interest expense and principal repayment of the financial liability. Furthermore, the Company charters-in seven container vessels through sale and leaseback financing arrangements, under previously adopted ASC 840, with corresponding lease assets classified as "vessels under finance lease". Leases of vessels and equipment, where the Company has substantially all the risks and rewards of ownership, are classified as finance lease liabilities. Each lease payment is allocated between reduction in liability and finance charges to achieve a constant rate on the capital balance outstanding. The interest element of the capital cost is charged to the Consolidated Statements of Operations over the lease period. Impairment of long-lived assets, including other long-term investments The carrying value of long-lived assets, including other long-term investments, that are held by the Company are reviewed whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company assesses recoverability of the carrying value of the asset by estimating the future net cash flows expected to result from the asset, including eventual disposition, taking into account the possibility of any existing medium and long-term charter arrangements being terminated early. If the future expected net cash flows are less than the carrying value of the asset, an impairment loss is recorded equal to the difference between the carrying value of the asset and its fair value. In addition, long-lived assets to be disposed of are reported at the lower of carrying amount and fair value less estimated costs to sell. Fair value is generally based on values achieved for the sale/purchase of similar vessels and external appraisals. Deferred charges Loan costs, including debt arrangement fees, are capitalized and amortized on a straight line basis over the term of the relevant loan. The straight line basis of amortization approximates the effective interest method in the Company's statement of operations. Amortization of loan costs is included in interest expense. If a loan is repaid early, any unamortized portion of the related deferred charges is charged against income in the period in which the loan is repaid. Similarly, if a portion of a loan is repaid early, the corresponding portion of the unamortized related deferred charges is charged against income in the period in which the early repayment is made. Convertible bonds Through December 31, 2021, the Company separately accounted for the liability and equity components of the Converti

RECENTLY ISSUED ACCOUNTING STAN

RECENTLY ISSUED ACCOUNTING STANDARDS	12 Months Ended
	Dec. 31, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
RECENTLY ISSUED ACCOUNTING STANDARDS	RECENTLY ISSUED ACCOUNTING STANDARDS The following is a brief discussion of a selection of recently released accounting pronouncements that are pertinent to the Company's business: In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ("ASU 2023-09"). Among other things, these amendments require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income or loss by the applicable statutory income tax rate). The amendments are effective for the Company beginning after December 15, 2024. As of the year ended December 31, 2023, the Company does not expect the changes prescribed in ASU 2023-09 to have a material impact on its consolidated financial statements and related disclosures, however, the Company will re-evaluate the amendments based on the facts and circumstances at the time of implementation of the guidance. In November 2023, the FASB issued ASU No. 2023-07, S egment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ("ASU 2023-07"), which expands annual and interim disclosure requirements for reportable segments. On adoption, the disclosure improvements will be applied retrospectively to prior periods presented. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact that ASU 2023-07 will have on the Company's financial statements and related disclosures.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The chief operating decision maker, or CODM, evaluates performance by assessing the Company's consolidated net income and its impact on overall shareholder returns, leading to a determination that the Company operates within a single reportable segment. The Company's assets operate on a world-wide basis and the Company's management does not evaluate performance by geographical region or by asset type, as they believe that any such information would not be meaningful.

TAXATION

TAXATION	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
TAXATION	TAXATION Bermuda Under current Bermudan law, the Company is not required to pay taxes in Bermuda on either income or capital gains. The Company has received written assurance from the Minister of Finance in Bermuda that, in the event of any such taxes being imposed, the Company will be exempted from taxation until the year 2035. United States The Company does not accrue U.S. income taxes as, in the opinion of U.S. counsel, the Company is not engaged in a U.S. trade or business and is exempted from a gross basis tax under Section 883 of the U.S. Internal Revenue Code. A reconciliation between the income tax expense resulting from applying statutory income tax rates and the reported income tax expense has not been presented herein, as it would not provide additional useful information to users of the financial statements as the Company's net income is subject to neither Bermuda nor U.S. tax. Canada and Namibia Certain of the Company's subsidiaries and branches in Canada and Namibia recorded income taxes totaling $3.3 million during the year ended December 31, 2023 based on rig operations. (December 31, 2022: $0.0 million, December 31, 2021: $0.0 million). Other Jurisdictions Certain of the Company's subsidiaries also tax resident in Norway, Singapore, Cyprus, and the United Kingdom and are subject to income tax in their respective jurisdictions. Such taxes are not material to our consolidated financial statements and related disclosures for the year ended December 31, 2023. The Company does not have any unrecognized tax benefits, material accrued interest or penalties relating to income taxes.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The computation of basic earnings per share ("EPS") is based on the weighted average number of shares outstanding during the year and the consolidated net income or loss of the Company. Diluted EPS includes the effect of the assumed conversion of potentially dilutive instruments. In the computation of the diluted EPS, the dilutive impact of the Company’s stock options is calculated using the "treasury stock" guidelines and the "if-converted" method is used for convertible securities. The components of the numerator for the calculation of basic and diluted EPS are as follows: Year ended December 31, (in thousands of $) 2023 2022 2021 Basic earnings per share: Net income available to stockholders 83,937 202,768 164,343 Diluted earnings per share: Net income available to stockholders 83,937 202,768 164,343 Interest and other expenses attributable to convertible notes — 7,501 16,166 Net income assuming dilution 83,937 210,269 180,509 The components of the denominator for the calculation of basic and diluted EPS are as follows: Year ended December 31, (in thousands) 2023 2022 2021 Basic earnings per share: Weighted average number of common shares outstanding* 126,249 126,789 122,141 Diluted earnings per share: Weighted average number of common shares outstanding* 126,249 126,789 122,141 Effect of dilutive share options 335 112 — Effect of dilutive convertible notes — 10,476 17,242 Weighted average number of common shares outstanding assuming dilution 126,584 137,377 139,383 Year ended December 31, 2023 2022 2021 Basic earnings per share: $ 0.67 $ 1.60 $ 1.35 Diluted earnings per share: $ 0.66 $ 1.53 $ 1.30 *The weighted average number of common shares outstanding excludes 8,000,000 shares issued as part of a share lending arrangement relating to the Company's issuance of 5.75% senior unsecured convertible bonds in October 2016 and 3,765,842 shares issued as part of a share lending arrangement relating to the Company's issuance of 4.875% senior unsecured convertible bonds in April and May 2018. The Company entered into a general share lending agreement with another counterparty and after the maturity of the bonds, 8,000,000 and 3,765,142 shares, respectively, from each issuance under the two initial share lending arrangements described above were transferred into such counterparty's custody. The remaining 700 shares are held with the Company's transfer agent. Accordingly, the total 11,765,842 of shares which had been issued under these arrangements, are not included in the weighted average number of common shares outstanding as of December 31, 2023, 2022 and 2021. The weighted average number of common shares outstanding also excludes 1,095,095 shares repurchased by the Company under its Share Repurchase Program during the year ended December 31, 2023. (See also Note 23: Share Capital, Additional Paid-In Capital and Contributed Surplus). In May 2023, the Company redeemed the full amount outstanding under the 4.875% senior unsecured convertible bonds due 2023. The remaining outstanding principal amount of $84.9 million was fully satisfied in cash. During January and March 2023, the Company purchased bonds with principal amounts totaling $53.0 million from the 4.875% senior unsecured convertible bonds due 2023. As of December 31, 2023, the principal amounts of the repurchased and redeemed bonds were anti-dilutive, assuming if converted, at the start of the period.

OPERATING LEASES

OPERATING LEASES	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
OPERATING LEASES	OPERATING LEASES Rental income The minimum future revenues to be received under the Company's non-cancelable operating leases on its vessels as of December 31, 2023, are as follows: Year ending December 31, (in thousands of $) 2024 521,445 2025 397,284 2026 389,385 2027 273,138 2028 215,273 Thereafter 153,815 Total minimum lease revenues 1,950,340 The minimum future revenues above are based on payments receivable from the charterers and do not include contingent rental income. Revenues included in income are recognized on a straight-line basis. Contingent rental income The Company receives contingent income as part of the agreement for the installation of scrubbers on seven container vessels and one car carrier (December 31, 2022: seven container vessels and one car carrier), which are on time charter contracts, accounted for as operating leases, based on the cost savings achieved by the charterer on fuel arising from using the scrubbers. During the year ended December 31, 2023, the Company recorded an income of $13.2 million in connection with the cost savings agreement (December 31, 2022: $24.8 million, December 31, 2021 $10.6 million). The cost and accumulated depreciation of vessels (owned and under finance leases) leased to third parties on non-cancelable operating leases as of December 31, 2023 and 2022 were as follows: (in thousands of $) 2023 2022 Cost 3,258,451 3,062,551 Accumulated depreciation (808,414) (614,698) Total 2,450,037 2,447,853

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer	REVENUE FROM CONTRACTS WITH CUSTOMERS The following table provides information about receivables, contract assets and contract liabilities from contracts with customers: (in thousands of $) 2023 2022 Trade accounts receivable from contracts with customers, net (1) 28,970 10,209 Contract assets, current (2) 3,938 10,102 Contract liabilities, current (2) (5,320) (1,585) (1) Trade accounts receivable from contracts with customers, net, relate to receivables from drilling contracts, voyage charter receivables and demurrage receivables, net of allowance for expected credit losses. The expected credit losses relating to trade accounts receivable from contracts with customers was $15.0 thousand as of December 31, 2023 (December 31, 2022: $0.3 million). (See also Note 12: Trade Accounts Receivable and Other Receivables and Note 27: Allowance for Expected Credit Losses). (2) Contract assets, current, and contract liabilities, current are included in "Prepaid expenses and accrued income" and "Other current liabilities", respectively, in the Consolidated Balance Sheets. Significant changes in the contract assets and the contract liabilities balances during the year ended December 31, 2023, are as follows: (in thousands of $) Contract Assets Contract Liabilities Net Contract Balances Net contract asset/(liability), beginning of the year 10,102 (1,585) 8,517 Amortization of contract assets and contract liabilities from contracts at the beginning of the year (10,102) 1,585 (8,517) Cash (received)/paid, excluding amounts recognized in the income statement 3,938 (5,320) (1,382) Net contract asset/(liability), at the end of the year 3,938 (5,320) (1,382) Contract assets and liabilities as of December 31, 2023 are expected to be realized within the next 12 months. Contract assets consists of accrued income in relation to voyage charters and drilling contracts and deferred mobilization costs. Contract liabilities consists of deferred voyage revenues, mobilization revenue and demobilization revenue for both wholly and partially unsatisfied performance obligations, which has been estimated for purposes of allocating across the entire corresponding performance obligations. Significant changes in the contract assets and the contract liabilities balances during the year ended December 31, 2022, are as follows: (in thousands of $) Contract Assets Contract Liabilities Net Contract Balances Net contract asset/(liability), beginning of the year 1,958 (115) 1,843 Amortization of contract assets and contract liabilities from contracts at the beginning of the year (1,958) 115 (1,843) Cash (received)/paid, excluding amounts recognized in the income statement 10,102 (1,585) 8,517 Net contract asset/(liability), at the end of the year 10,102 (1,585) 8,517

GAIN ON SALE OF ASSETS AND TERM

GAIN ON SALE OF ASSETS AND TERMINATION OF CHARTERS	12 Months Ended
	Dec. 31, 2023
Component of Operating Income [Abstract]
GAIN ON SALE OF ASSETS AND TERMINATION OF CHARTERS	GAIN ON SALE OF ASSETS AND TERMINATION OF CHARTERS The Company has recorded gains on sale of assets as follows: Year ended December 31, (in thousands of $) 2023 2022 2021 Gain on sale of vessels and rig 18,670 13,228 39,405 During the year ended December 31, 2023, the very large crude carrier ( “ VLCC ” ) Landbridge Wisdom , which was previously accounted for as an investment in leaseback asset, was sold and delivered to Landbridge following exercise of the applicable purchase option in the charter contract. The Company received net sale proceeds of $52.0 million and recorded a gain o f $2.2 million on the disposal. During the year ended December 31, 2023, the two Suezmax tankers, Glorycrown and Everbright , which were trading in the spot market, were sold to an unrelated third party. The Company received net sale proceeds of $84.9 million and recorded a gain of $16.4 million on the disposal. Also, during the year ended December 31, 2023, the two chemical tankers, SFL Weser and SFL Elbe , which were trading in the spot market, were sold to an unrelated third party. The Company received net sale proceeds of $19.4 million and recorded a gain of $30.0 thousand on the disposal. The Company recorded an impairment loss of $7.4 million prior to the disposal. (See Note 13: Vessels, Rigs and Equipment, Net). During the year ended December 31, 2022, the two VLCCs, Front Energy and Front Force , which were previously accounted for as direct financing leases, were sold to an unrelated third party. A gain of $1.5 million was recorded on the disposal of the vessels. The Company received net sale proceeds of $65.4 million and an additional compensation payment of $4.5 million from Frontline Shipping for the early termination of the corresponding charters. (See Note 25: Related Party Transactions). Also, during the year ended December 31, 2022, the 1,700 twenty-foot equivalent unit (“TEU”) container vessel, MSC Alice , which was previously accounted for as a sales-type lease, was sold and delivered to Mediterranean Shipping Company S.A. and its affiliate Conglomerate Shipping Ltd. (collectively “MSC”) following execution of the applicable purchase obligation in the charter contract. The Company received proceeds totaling $13.5 million and recognized a net gain of $11.7 million on the disposal. During the year ended December 31, 2021, 18 feeder container vessels, which were accounted for as direct financing leases and three feeder container vessels which were accounted for as leaseback assets, were sold to an unrelated party. The Company received net sale proceeds of $82.0 million and recorded a gain of $0.6 million on disposal of these vessels during the year ended December 31, 2021 . Also during the year ended December 31, 2021, seven Handysize dry bulk carriers, which were accounted for as operating lease assets, were sold to an unrelated third party for total net sale proceeds of $97.7 million. A gain of $39.3 million was recorded on the disposal during the year ended December 31, 2021. The drilling rig, West Taurus , which was accounted for as an operating lease asset, was sold for recycling to a ship recycling facility in Turkey during the year ended December 31, 2021. A loss of $0.6 million was recorded on recycling during the year ended December 31, 2021. (See Note 18: Investment in Associated Companies and Note 25: Related Party Transactions).

OTHER FINANCIAL ITEMS, NET

OTHER FINANCIAL ITEMS, NET	12 Months Ended
	Dec. 31, 2023
Other Income and Expenses [Abstract]
OTHER FINANCIAL ITEMS, NET	OTHER FINANCIAL ITEMS, NET Other financial items comprise the following items: Year ended December 31, (in thousands of $) 2023 2022 2021 Net payments on non-designated derivatives relating to interest rate swaps 5,270 (341) (6,707) Net payments on non-designated derivatives relating to cross currency swaps (3) (7) (8) Total net cash movement on non-designated derivatives and swap settlements 5,267 (348) (6,715) Net (decrease)/increase in mark-to-market valuation of non-designated derivatives relating to interest rate swaps (2,926) 17,202 11,607 Net (decrease)/increase in mark-to-market valuation of non-designated derivatives relating to cross currency swaps (5,012) (60) (16) Net (decrease)/increase in mark-to-market valuation of non-designated derivatives relating to commodity swaps (437) — — Total net movement in fair value of non-designated derivatives (8,375) 17,142 11,591 Allowance for expected credit losses 458 522 722 Other items 1,458 (1,788) 1,085 Total other financial items, net (1,192) 15,528 6,683 The net movement in the fair values of non-designated derivatives and net cash payments thereon relate to non-designated, terminated or de-designated interest rate swaps, cross currency interest rate swaps, cross currency swaps and commodity swaps. Changes in the fair values of the effective portion of swaps that are designated as cash flow hedges are reported under "Other comprehensive income". The above net movement in the valuation of non-designated derivatives in the year ended December 31, 2023, includes a net decrease of $4.6 million (year ended December 31, 2022: $0.0 million; year ended December 31, 2021: $0.0 million) reclassified from "Other comprehensive income", as a result of certain swaps relating to loan facilities no longer being designated as cash flow hedges. In the year ended December 31, 2023, other items included the distribution of a no claims bonus of $2.6 million from Den Norske Krigsforsikring for Skib (“DNK”), the Norwegian Shipowners’ Mutual War Risks Insurance Association ( year ended December 31, 2022: $0.3 million; year ended December 31, 2021: $2.6 million). During the year ended December 31, 2023, the Company recorded a decrease in the credit loss provision of $0.5 million ( year ended December 31, 2022 : $0.5 million, year ended December 31, 2021: $0.7 million ). (See Note 27: Allowance for Expected Credit Losses). Other items in the year ended December 31, 2023, include a net loss of $0.1 million arising from foreign currency translations (year ended December 31, 2022: $0.7 million; year ended December 31, 2021: $0.4 million). Other items also include bank charges and fees relating to loan facilities.

INVESTMENTS IN DEBT AND EQUITY

INVESTMENTS IN DEBT AND EQUITY SECURITIES	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS IN DEBT AND EQUITY SECURITIES	INVESTMENTS IN DEBT AND EQUITY SECURITIES Marketable securities held by the Company consist of corporate bonds and equity securities. (in thousands of $) 2023 2022 Corporate Bonds Balance at start of the year — 9,680 Disposals during the year — (14,239) Unrealized loss recorded in other comprehensive income — (631) Realized gain* — 5,190 Balance at end of the year — — 2023 2022 Equity Securities Balance at start of the year 7,283 11,530 Disposals during the year — (17,422) Unrealized (loss)/gain* (1,912) 8,389 Realized gain* — 4,592 Foreign currency translation (loss)/gain (267) 194 Balance at the end of year 5,104 7,283 Total Investment in Debt and Equity Securities 5,104 7,283 *Balances included in "Gain/(loss) on investments in debt and equity securities" in the Consolidated Statements of Operations. Corporate Bonds During the year ended December 31, 2023, the Company held no investments in corporate bonds. The corporate bonds were classified as available-for-sale securities and were recorded at fair value, with unrealized gains and losses recorded as a separate component of "Other comprehensive income". NorAm Drilling Company AS ("NorAm Drilling") During the year ended December 31, 2022, the Company received an aggregate amount of $4.7 million from the redemption of NorAm Drilling bonds and recorded no gain or loss on redemption of the bonds. The accumulated gain of $0.5 million previously recognized in other comprehensive income was recognized in the Consolidated Statements of Operations. NT Rig Holdco ("NT Rig Holdco") During the year ended December 31, 2022, the Company received an aggregate amount of $9.6 million from the redemption of NT Rig Holdco Liquidity 12% bonds and NT Rig Holdco 7.5% bonds, following the sale of five jack-up rigs by NT Rig Holdco. A realized gain of $4.7 million was recognized in the Consolidated Statements of Operations in relation to the redemption of the bonds. In the year ended December 31, 2021, the Company recognized an unrealized loss of $0.3 million in respect of the NT Rig Holdco 12% Bonds and an unrealized gain of $0.0 million in respect of the NT Rig Holdco 7.5% Bonds. Also during the year ended December 31, 2021, an aggregate impairment loss of $0.8 million was recorded in the Consolidated Statements of Operations in relation to the NT Rig Holdco 7.5% Bonds. Equity Securities Changes in the fair value of equity investments are recognized in net income. (in thousands of $) 2023 2022 NorAm Drilling 5,104 7,283 Frontline — — ADS Maritime Holding (formally ADS Crude Carriers) — — Total 5,104 7,283 NorAm Drilling As of December 31, 2023 the Company held approximately 1.3 million shares (December 31, 2022: 1.3 million) in NorAm Drilling which were traded in the Norwegian Over-the-Counter market ("OTC") and are now traded on the Euronext Growth exchange in Oslo since October 2022. The Company recognized a mark to market loss of $1.9 million (December 31, 2022: gain of $5.8 million) in the Statement of Operations in the year ended December 31, 2023, together with a foreign exchange loss of $0.3 million (December 31, 2022: gain of $0.2 million) in Other Financial Items in the Statement of Operations. (See also Note 25: Related Party Transactions). Frontline During the year ended December 31, 2022, the Company had a forward contract to repurchase 1.4 million shares (December 31, 2021: 1.4 million shares) of Frontline plc (formerly Frontline Limited) (“Frontline”), a related party, at a repurchase price of $16.7 million (December 31, 2021: $16.4 million) including accrued interest. The transaction was accounted for as a secured borrowing, with the shares transferred to 'Marketable securities pledged to creditors' and a liability recorded within debt. In September 2022, the Company settled the forward contract in full and recorded the sale of the 1.4 million shares and extinguishment of the corresponding debt of $15.6 million. A net gain of $4.6 million was recognized in the Statement of Operations in respect of the settlement during the year ended December 31, 2022. (See also Note 21: Short-Term and Long-Term Debt and Note 25: Related Party Transactions). Prior to the settlement, the Company had recognized a fair value adjustment gain of $2.6 million in the year ended December 31, 2022, (December 31, 2021: gain $1.2 million) in the Consolidated Statements of Operations. ADS Maritime Holding Plc (“ADS Maritime Holding”) In March 2021, the Company received a capital dividend of approximately $8.8 million from ADS Maritime Holding, following the sale of its remaining two vessels. Also in March 2021, the Company sold its remaining shares in ADS Maritime Holding for a consideration of approximately $0.8 million, recognizing a gain of $0.7 million on disposal. (See also Note 25: Related Party Transactions).

TRADE ACCOUNTS RECEIVABLE AND O

TRADE ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
TRADE ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES	TRADE ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES Trade accounts receivable Trade accounts receivable are presented net of the allowances for doubtful debts and expected credit losses. The allowance for expected credit losses relating to trade accounts receivable was $15 thousand as of December 31, 2023 (December 31, 2022: $0.3 million). As of December 31, 2023, the Company has no reason to believe that any remaining amount included in trade accounts receivable will not be recovered through due process or negotiation. (See also Note 27: Allowance for Expected Credit Losses). Other receivables Other receivables, mainly include amounts due from vessel managers and claims receivable, which are presented net of the allowance for expected credit losses. The allowance for expected credit losses relating to other receivables was $0.8 million as of December 31, 2023 (December 31, 2022: $0.9 million). (See also Note 27: Allowance for Expected Credit Losses).

VESSELS, RIGS AND EQUIPMENT, NE

VESSELS, RIGS AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
VESSELS, RIGS AND EQUIPMENT, NET	VESSELS, RIGS AND EQUIPMENT, NET Movements in the year ended December 31, 2023 summarized as follows: (in thousands of $) Cost Accumulated Depreciation Vessels, Rigs and Equipment, net Balance as of December 31, 2022 3,345,233 (698,844) 2,646,389 Depreciation — (172,753) (172,753) Vessel additions 158,405 — 158,405 Capital improvements 117,815 — 117,815 Vessel disposals (126,546) 38,812 (87,734) Impairment loss (40,714) 33,325 (7,389) Balance as of December 31, 2023 3,454,193 (799,460) 2,654,733 During the year ended December 31, 2023, the Company took delivery of two 7,000 car equivalent unit ("CEU") newbuild car carriers, Emden and Wolfsburg , for a total acquisition price of $158.4 million. Both vessels are contracted on 10-year time charters to Volkswagen Group. Capital improvements of $117.8 million (December 31, 2022: $1.6 million) relate to Special Periodic Survey ("SPS"), and other capital upgrades performed on the harsh environment semi-submersible drilling rig Hercules during the year ended December 31, 2023. SPS costs of $72.5 million were capitalized as a separate component of the rig and are depreciated until the next SPS, which is in five years. In addition, capital upgrades of $42.2 million were capitalized as a separate component of the rig and are depreciated over a period of 10 years economic useful life. Also, during the year ended December 31, 2023 ballast water treatment system ("BWTS") was installed on Hercules and the cost of $3.1 million was also capitalized. During the year ended December 31, 2023, the Company sold two Suezmax tankers, Glorycrown and Everbright to an unrelated party and a net gain of $16.4 million was recognized in the Consolidated Statement of Operations in connection to the disposal. (See also Note 9: Gain on Sale of Assets and Termination of Charters). Also, during the year ended December 31, 2023, the Company sold two chemical tankers, SFL Weser and SFL Elbe , to an unrelated third party. The Company recorded an impairment loss of $7.4 million prior to disposal and a net gain on sale of $30.0 thousand was recognized in the Consolidated Statement of Operations. (See also Note 9: Gain on Sales of Assets and Termination of Charters). Acquisitions, disposals and impairments in respect of vessels accounted for as sales-type leases, direct financing leases, leaseback assets and vessels under finance leases are discussed in Note 17: Investment in Sales-Type Leases, Direct Financing Leases and Leaseback Assets and Note 15: Vessels under Finance Lease, Net.

CAPITAL IMPROVEMENTS IN PROGRES

CAPITAL IMPROVEMENTS IN PROGRESS AND NEWBUILDINGS	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Capital improvements in progress and newbuildings	CAPITAL IMPROVEMENTS IN PROGRESS AND NEWBUILDINGS (in thousands of $) 2023 2022 Capital improvements in progress 2,194 4,127 Newbuildings 83,864 93,733 86,058 97,860 Capital improvements in progress of $2.2 million comprises of advances paid and costs incurred in respect of SPS and other upgrades on two rigs (December 31, 2022: two rigs). This is recorded in "Capital improvements, newbuildings and vessel purchase deposits" until such time as the equipment is installed on a vessel or rig, at which point it is transferred to "Vessels, rigs and equipment, net" or "Investment in sales-type leases and direct financing leases". The carrying value of newbuildings represents the accumulated costs which the Company has paid in purchase installments and other capital expenditures in relation to two (December 31, 2022: four) newbuilding contracts, together with capitalized loan interest. Interest capitalized in the cost of newbuildings amounted to $5.5 million in the year ended December 31, 2023 (December 31, 2022: $2.2 million, December 31, 2021: $0.4 million). During the year ended December 31, 2023, the construction of two dual-fuel 7,000 CEU newbuilding car carriers was completed and both vessels and the assets were recognized in "Vessels, Rigs and Equipment, net." Both vessels are contracted on 10-year time charters to Volkswagen Group. The newbuildings balance at December 31, 2023, relate to another two dual-fuel 7,000 CEU newbuilding car carriers, under construction. One of the vessels was delivered in January 2024 and immediately commenced a 10-year time charter to K Line. (See Note 30: Subsequent Events). The second vessel is also expected to be delivered in 2024 and will immediately commence a 10-year time charter to K Line.

VESSELS UNDER FINANCE LEASE, NE

VESSELS UNDER FINANCE LEASE, NET	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
VESSELS UNDER FINANCE LEASE, NET	VESSELS UNDER FINANCE LEASE, NET Movements in the year ended December 31, 2023 summarized as follows: (in thousands of $) Cost Accumulated Depreciation Vessels under Finance Lease, net Balance as of December 31, 2022 777,939 (163,176) 614,763 Depreciation — (41,309) (41,309) Balance as of December 31, 2023 777,939 (204,485) 573,454 As of December 31, 2023, seven vessels were accounted for as vessels under finance lease, made up of four 14,000 TEU container vessels and three 10,600 TEU container vessels. The vessels are leased back for an original term ranging from six Total depreciation expense for vessels under finance lease amounted to $41.3 million for the year ended December 31, 2023 and is included in depreciation in the consolidated statements of operations. (December 31, 2022: $41.3 million; December 31, 2021: $41.3 million).

OTHER LONG TERM ASSETS

OTHER LONG TERM ASSETS	12 Months Ended
	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER LONG TERM ASSETS	OTHER LONG TERM ASSETS Other long term assets comprise the following items: (in thousands of $) 2023 2022 Collateral deposits on swap agreements 7,090 8,770 Value of acquired charter-out contracts, net 1,815 4,712 Total other long-term assets 8,905 13,482 Collateral deposits exist on our interest rate and cross currency swaps. Further amounts may be called upon during the term of the swaps if interest rates or currency rates move adversely. The Company purchased four container vessels, Thalassa Mana , Thalassa Tyhi , Thalassa Doxa and Thalassa Axia, with each vessel subject to pre-existing time charters. A value of $18.0 million was assigned to these charters on acquisition in 2018. During the year ended December 31, 2023, the amortization charged to time charter revenue was $2.9 million (December 31, 2022: $2.9 million, December 31, 2021: $2.9 million). Other long term assets previously included $1.9 million of loan notes receivables due from third parties in relation to the early termination of charters. Following the adoption of ASU 2016-13 from January 1, 2020, the Company recognized a credit loss provision totaling $1.9 million against this long term receivables balance thereby resulting in a net balance of $0.0 million from December 31, 2020. There was no movement to the foregoing during the years ended December 31, 2023 and December 31, 2022.

INVESTMENTS IN SALES-TYPE LEASE

INVESTMENTS IN SALES-TYPE LEASES, DIRECT FINANCING LEASES AND LEASEBACK ASSETS	12 Months Ended
	Dec. 31, 2023
Net Investment in Direct Financing and Sales Type Leases [Abstract]
INVESTMENTS IN SALES-TYPE LEASES, DIRECT FINANCING LEASES AND LEASEBACK ASSETS	INVESTMENTS IN SALES-TYPE LEASES, DIRECT FINANCING LEASES AND LEASEBACK ASSETS The Company records new and modified leases in accordance with ASC 842. The Company elected the practical expedient to not reassess existing leases. See also Accounting policies within Note 2. (in thousands of $) 2023 2022 Investments in sales-type and direct financing leases 55,739 66,504 Investments in leaseback assets — 52,519 55,739 119,023 As of December 31, 2023, the Company had a total of nine vessel charters accounted for as sales-type and direct financing leases (December 31, 2022: nine vessels). As of December 31, 2022, the Company also had one vessel charter classified as a leaseback asset. Investments in sales-type and direct financing leases Previously, the Company had two VLCCs accounted for as direct financing leases, which were on long-term, fixed rate charters to Frontline Shipping. Frontline Shipping is a wholly-owned subsidiary of Frontline, a related party. The terms of the charters did not provide Frontline Shipping with an option to terminate the charters before the end of their terms. In April 2022, the Company sold the two V LCCs on charter to Frontline Shipping, to an unrelated third party. (Refer to Note 9: Gain on Sale of Assets and Termination of Charters). As of December 31, 2023, the Company had nine (December 31, 2022: nine) container vessels accounted for as sales-type leases, which were chartered on long-term bareboat charters to MSC Mediterranean Shipping Company S.A. ("MSC"). The terms of the charters for the nine container vessels provide the charterer with a minimum fixed price purchase obligation at the expiry of each of the charters. In April 2022, the Company sold and redelivered one 1,700 TEU container vessel to MSC, following the end of the vessel's bareboat charter. (Refer to Note 9: Gain on Sale of Assets and Termination of Charters). Investments in leaseback assets When a sale and leaseback transaction does not qualify for sale accounting, the Company does not recognize the transferred vessels and instead accounts for the purchase as a leaseback asset. In May 2020, SFL acquired a newbuild VLCC from Landbridge Universal Limited ("Landbridge") where control was not deemed to have passed to the Company due to the presence of repurchase options in the lease on acquisition and therefore was classified as a leaseback asset. Upon delivery, the vessel immediately commenced a seven-year bareboat charter back to Landbridge. The charterer had purchase options throughout the term of the charters and there was a purchase obligation at the end of the seven-year period. In August 2023, Landbridge declared a purchase option on the vessel and the vessel was delivered to them later that month. A net gain of $2.2 million was recognized on disposal of the vessel. (See also Note 9: Gain on Sale of Assets and Termination of Charters). The following lists the components of investments in sales-type leases, direct financing leases and leaseback assets as of December 31, 2023 and December 31, 2022: (in thousands of $) December 31, 2023 Sales-Type Leases and Direct Financing Leases Leaseback Assets Total Total minimum lease payments to be received 16,020 — 16,020 Purchase obligations at the end of the leases 43,150 — 43,150 Net minimum lease payments receivable 59,170 — 59,170 Less : unearned income (3,358) — (3,358) Total investment in sales-type lease, direct financing lease and leaseback assets 55,812 — 55,812 Allowance for expected credit losses* (73) — (73) Total investment in sales-type lease, direct financing lease and leaseback assets 55,739 — 55,739 Current portion 20,640 — 20,640 Long-term portion 35,099 — 35,099 (in thousands of $) December 31, 2022 Sales-Type Leases and Direct Financing Leases Leaseback Assets Total Total minimum lease payments to be received 30,708 34,160 64,868 Purchase obligations at the end of the leases 43,150 31,500 74,650 Net minimum lease payments receivable 73,858 65,660 139,518 Less : unearned income (7,252) (13,051) (20,303) Total investment in sales-type lease, direct financing lease and leaseback assets 66,606 52,609 119,215 Allowance for expected credit losses* (102) (90) (192) Total investment in sales-type lease, direct financing lease and leaseback assets 66,504 52,519 119,023 Current portion 10,794 4,638 15,432 Long-term portion 55,710 47,881 103,591 *See Note 27: Allowance for Expected Credit Losses. The minimum future gross revenues including purchase obligations to be received under the Company's non-cancellable sales type leases, direct financing leases and leaseback assets as of December 31, 2023, are as follows: (in thousands of $) Year ending December 31, Sales-Type Leases and Direct Financing Leases Leaseback Assets Total 2024 23,079 — 23,079 2025 36,091 — 36,091 Total minimum lease payments to be received 59,170 — 59,170 Interest income earned on investments in direct financing leases, sales type leases and leaseback assets in the year ended December 31, 2023 was as follows: (in thousands of $) 2023 2022 2021 Investments in sales type and direct financing leases* 3,894 5,021 14,173 Investments in leaseback assets 2,298 3,895 5,351 Total 6,192 8,916 19,524 * Interest income earned on investments in sales-type leases and direct financing leases in the above table includes $0.0 million in relation to Frontline Shipping, a related party (December 31, 2022: $0.4 million; December 31, 2021: $1.5 million).

INVESTMENT IN ASSOCIATED COMPAN

INVESTMENT IN ASSOCIATED COMPANIES	12 Months Ended
	Dec. 31, 2023
Variable Interest Entity, Not Primary Beneficiary, Disclosures [Abstract]
INVESTMENT IN ASSOCIATED COMPANIES	INVESTMENT IN ASSOCIATED COMPANIES The Company has, and has had, certain wholly-owned subsidiaries which are accounted for using the equity method of accounting, as it has been determined under ASC 810 that they are variable interest entities in which SFL is not the primary beneficiary. As of December 31, 2023, 2022 and 2021, the Company had the following participation in investments that are recorded using the equity method: 2023 2022 2021 River Box Holding Inc. 49.90 % 49.90 % 49.90 % SFL Hercules Ltd * * * River Box holds investments in direct financing leases, through its subsidiaries, related to the 19,200 and 19,400 TEU containerships MSC Anna , MSC Viviana , MSC Erica and MSC Reef . The remaining 50.1% of the shares of River Box are held by a subsidiary of Hemen Holding Limited ("Hemen"), the Company's largest shareholder and a related party. *SFL Hercules Ltd ("SFL Hercules") owned the drilling rig, Hercules which was leased to a subsidiary of Seadrill, previously a related party. Because the main asset of SFL Hercules was the subject of a lease which each included both a fixed price call option and a fixed price purchase obligation or put option, it was previously determined to be variable interest entity in which the Company was not the primary beneficiary. In February 2021, Seadrill and most of its subsidiaries filed Chapter 11 cases in the Southern District of Texas. SFL and certain of its subsidiaries entered into court approved interim agreements with Seadrill relating to the drilling rig, Hercules. Following certain amendments to the Hercules bareboat charter and loan facility agreements, SFL Hercules was determined to no longer be a variable interest entity and was consolidated from August 2021. Summarized balance sheet information of the Company's equity method investees is as follows: River Box (in thousands of $) 2023 2022 Share presented 49.90 % 49.90 % Current assets 16,371 15,186 Non-current assets 220,816 234,572 Total assets 237,187 249,758 Current liabilities 15,173 14,267 Non-current liabilities (1) 205,541 218,944 Total liabilities 220,714 233,211 Total stockholders' equity (2) 16,473 16,547 (1) River Box non-current liabilities as of December 31, 2023, include $45.0 million due to SFL (December 31, 2022: $45.0 million). (See Note 25: Related Party Transactions). (2) In the year ended December 31, 2023, River Box paid a dividend of $2.9 million to the Company (December 31, 2022: $2.9 million). Summarized statement of operations information of the Company's equity method investees is shown below. River Box Year ended December 31, (in thousands of $) 2023 2022 Operating revenues 18,358 19,269 Net operating revenues 18,339 19,248 Net income (3) 2,848 2,833 Year ended December 31, 2021 (in thousands of $) River Box SFL Hercules TOTAL Operating revenues 20,115 13,753 33,868 Net operating revenues 20,094 6,558 26,652 Net income (3) 3,267 927 4,194 (3) The net income of River Box for the years ended December 31, 2023 and December 31, 2022, includes interest payable to SFL amounting to $4.6 million and $4.6 million, respectively. The net income of River Box and SFL Hercules for 2021 includes interest payable to SFL amounting to $4.6 million and $2.4 million, respectively. (See Note 25: Related Party Transactions). Movements in the year ended December 31, 2023, in the allowance for expected credit losses can be summarized as follows: As of December 31, 2023 (in thousands of $) River Box Share presented 49.90 % Balance as of December 31, 2022 378 Allowance recorded in net income of associated company (70) Balance as of December 31, 2023 308 As indicated in Note 2 : 'Accounting Policies', the allowance for expected credit losses is based on an analysis of factors including the credit rating assigned to the lessee, management ' s assessment of current and expected conditions in the offshore drilling market and calculated collateral exposure.

ACCRUED EXPENSES

ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2023
Accrued Liabilities [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES (in thousands of $) 2023 2022 Vessel operating expenses 25,553 17,315 Administrative expenses 2,570 1,650 Interest expense 11,064 8,233 39,187 27,198

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
OTHER CURRENT LIABILITIES	OTHER CURRENT LIABILITIES (in thousands of $) 2023 2022 Deferred and prepaid charter revenue 31,961 27,196 Employee taxes 33 45 Other items 240 563 32,234 27,804

SHORT-TERM AND LONG-TERM DEBT

SHORT-TERM AND LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2023
Long-Term Debt, by Current and Noncurrent [Abstract]
SHORT-TERM AND LONG-TERM DEBT	SHORT-TERM AND LONG-TERM DEBT (in thousands of $) 2023 2022 Long-term debt: 4.875% senior unsecured convertible bonds due 2023 — 137,900 NOK700 million senior unsecured floating rate bonds due 2023 — 71,243 NOK700 million senior unsecured floating rate bonds due 2024 68,426 70,734 NOK600 million senior unsecured floating rate bonds due 2025 58,089 60,048 7.25% senior unsecured sustainability-linked bonds due 2026 150,000 150,000 U.S. dollar denominated fixed rate debt due 2026 148,875 — 8.875% senior unsecured sustainability-linked bonds due 2027 150,000 — Lease debt financing due through 2033 573,456 394,555 U.S. dollar denominated floating rate debt due through 2029 1,014,842 1,329,156 Total debt principal 2,163,688 2,213,636 Less : unamortized debt issuance costs (16,942) (12,580) Less : current portion of long-term debt (432,918) (921,270) Total long-term debt 1,713,828 1,279,786 The outstanding debt as of December 31, 2023, is repayable as follows: Year ending December 31, (in thousands of $) 2024 432,918 2025 686,855 2026 400,630 2027 355,787 2028 61,723 Thereafter 225,775 Total debt principal 2,163,688 Interest rate information December 31, 2023 December 31, 2022 Weighted average interest rate on floating rate debt* 6.49 % 5.30 % Weighted average interest rate on lease debt financing 5.41 % 4.44 % Weighted average interest rate on fixed rate debt 8.46 % 6.11 % U.S. Dollar London Interbank Offered Rate ("LIBOR"), 3-Month, closing rate** 5.59 % 4.77 % Secured Overnight Financing Rate ("SOFR"), closing rate 5.38 % 4.30 % Effective Federal Funds Rate ("EFFR"), closing rate 5.33 % 4.33 % Norwegian Interbank Offered Rate ("NIBOR") 4.73 % 3.26 % *The weighted average interest rate is for floating rate debt denominated in U.S. dollars and Norwegian kroner (“NOK”) which takes into consideration the effect of related interest rate and cross currency swaps. ** LIBOR using panel bank contributions are no longer published after June 30, 2023. With effect from July 1, 2023, these settings are now published under an unrepresentative synthetic methodology and are expected to cease on September 30, 2024. Due to the discontinuance of LIBOR after June 30, 2023, and notwithstanding the automatic conversion mechanisms to alternative rates, the Company has entered into amendment agreements to existing loan agreements for the transition from LIBOR to SOFR. The Company elected to apply the optional expedient pursuant to ASC 848 for contracts within the scope of ASC 470. This meant that the Company accounted for amendments to loan agreements which related solely to the replacement of LIBOR as a benchmark rate to SOFR as if the modification was not substantial and thus a continuation of the existing contract. A significant portion of the Company's outstanding debt are coming due within one year of this report for which the Company has initiated discussions and negotiations with financial institutions regarding the refinancing of credit facilities maturing in 2024 and early 2025. Given the Company's extensive history and successful track record in obtaining financing and refinancing, the Company believes that it will be able to secure the required refinancing of all such facilities prior to maturity. $375 million term loan and revolving credit facility SFL Hercules was consolidated from August 27, 2021. (See Note 18: Investment in Associated Companies). In May 2013, SFL Hercules entered into a $375.0 million six-year term loan and revolving credit facility with a syndicate of banks to partly finance the acquisition of the harsh environment semi-submersible drilling rig Hercules , previously owned by the wholly-owned subsidiary SFL Deepwater. The facility was drawn in June 2013. In connection with the 2017 Restructuring Plan of Seadrill, certain amendments were agreed with the banks under the loan facility, including an extension of the final maturity date by four years. In August 2021, the Company entered into an amendment to its existing charter agreement (the “amendment agreement”) with subsidiaries of Seadrill for Hercules , which was approved by the applicable bankruptcy court in September 2021. Each of SFL’s financing banks consented to the amendment agreement, and SFL’s corporate part guarantee of the outstanding debt of the rig owning subsidiary remained unchanged at $83.1 million, as of December 31, 2022. Additionally, SFL agreed to a cash contribution of $5.0 million to the SFL Hercules's pledged earnings account at the time of redelivery following the termination of the Seadrill charter, in addition to a $3.0 million payable by Seadrill. These contributions were made in December 2022 following the redelivery of the rig by Seadrill. In January 2023, the rig Hercules was transferred by SFL Hercules Ltd. to the wholly-owned subsidiary Hercules Rig Ltd. The loan agreement was amended to include Hercules Rig Ltd as jointly and severally liable with SFL Hercules under the terms of the agreement. In May 2023, the facility was repaid early in full. As of December 31, 2023, the balance outstanding under this facility was $0.0 million (December 31, 2022: $153.5 million). $475 million term loan and revolving credit facility SFL Linus was consolidated from October 29, 2020. In October 2013, SFL Linus entered into a $475.0 million five Linus was transferred to the wholly-owned subsidiary Linus Rig Ltd. The loan agreement was amended to include Linus Rig Ltd as jointly and severally liable with SFL Linus under the terms of the agreement. The Company had fully guaranteed the facility as of December 31, 2022. In April 2023, the facility was repaid early in full. As of December 31, 2023, the balance outstanding under this facility was $0.0 million (December 31, 2022: $183.8 million). $45 million secured term loan and revolving credit facility In June 2014, seven wholly-owned subsidiaries of the Company entered into a $45.0 million secured term loan and revolving credit facility with a bank, secured against seven 4,100 TEU container vessels. The facility bears interest at SOFR plus a margin and had a term of five years. During June 2019, the terms of loan were amended and the loan was extended by a further two years. During June 2021 the terms of the loan were further amended and the loan was extended by a further four years. There were no amounts available under the revolving part of the facility as of December 31, 2022 and December 31, 2023. The net amount outstanding as of December 31, 2023, was $32.5 million (December 31, 2022: $37.5 million). $20 million secured term loan facility In September 2014, two wholly-owned subsidiaries of the Company entered into a $20.0 million secured term loan facility with a bank, secured against two 5,800 TEU container vessels. The facility bears interest at SOFR plus a margin and has a term of five years. In September 2019, the terms of the loan were amended and restated, and the facility now matures in March 2024. The net amount outstanding as of December 31, 2023, was $12.0 million (December 31, 2022: $13.8 million). $76 million secured term loan facility In August 2017, two wholly-owned subsidiaries of the Company entered into a $76.0 million secured term loan facility with a bank, secured against two product tankers. The two product tankers were delivered in August 2017. The Company has provided a corporate part guarantee for this facility, which bears interest at SOFR plus a margin and has a term of seven years. As of December 31, 2023, the net amount outstanding was $43.5 million (December 31, 2022: $48.7 million). 4.875% senior unsecured convertible bonds due 2023 On April 23, 2018, the Company issued a senior unsecured convertible bond totaling $150.0 million. Additional bonds were issued on May 4, 2018 at a principal amount of $14.0 million. Interest on the bonds was fixed at 4.875% per annum and was payable in cash quarterly in arrears on February 1, May 1, August 1 and November 1. The bonds were convertible into SFL Corporation Ltd. common shares and matured on May 1, 2023. At this date the Company redeemed the full outstanding amount of $84.9 million. The initial conversion rate at the time of issuance was 52.8157 common shares per $1,000 bond, equivalent to a conversion price of approximately $18.93 per share. Since the issuance, dividend distributions had increased the conversion rate to 85.0332 common shares per $1,000 bond, equivalent to a conversion price of approximately $11.76 per share at the maturity date of the bond. The conversion right was not worth more than par value of the instrument and the bonds were fully satisfied in cash without any conversion into shares having taken place. During the year ended December 31, 2023 the Company purchased bonds with principal amounts totaling $53.0 million (year ended December 31, 2021: $2.0 million). A loss of $0.2 million was recorded on the transaction (year ended December 31, 2021: gain of $0.2 million). In the year ended December 31, 2022, no bonds were repurchased. The net amount outstanding as of December 31, 2023 was $0.0 million (December 31, 2022: $137.9 million). In conjunction with the bond issue, the Company agreed to loan up to 7,000,000 of its common shares to affiliates of the underwriters of the issue, in order to assist investors in the bonds to hedge their position. As of the maturity date of the bond, a total of 3,765,842 shares had been issued from up to 7,000,000 shares issuable under the share lending arrangement. During the year ended December 31, 2023, after the bond was redeemed, 3,765,142 of the loaned shares were transferred to another party under a general share lending agreement. (See Note 23: Share Capital, Additional Paid-In Capital and Contributed Surplus). As required by ASC 470-20 "Debt with conversion and Other Options", the Company calculated the equity component of the convertible bond, taking into account both the fair value of the conversion option and the fair value of the share lending arrangement. The equity component was valued at $7.9 million at issuance and this amount was recorded as "Additional paid-in capital", with a corresponding adjustment to "Deferred charges", which was amortized to "Interest expense" over the appropriate period. The amortization of this item amounted to $1.4 million in the year ended December 31, 2021. As a result of the purchase of bonds with principal amounts totaling $2.0 million, a total of $0.1 million was allocated as the reacquisition of the equity component. The balance remaining in equity as of December 31, 2021 was $6.7 million. On January 1, 2022, the Company implemented the guidance contained in ASU 2020-06 which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity. ASU 2020-06, was adopted using the modified retrospective method (See Note 2: Accounting Policies). Following the adoption, the 4.875% senior unsecured convertible notes due 2023 were reflected entirely as a liability as the embedded conversion feature was no longer presented within stockholders' equity. The cumulative effect of adopting this guidance was an incremental adjustment of $4.3 million to opening retained earnings, and a $5.9 million reduction to additional paid-in capital as of January 1, 2022. This net adjustment to equity of $1.6 million resulted in a corresponding decrease in deferred debt issuance costs. The balance remaining in equity as of January 1, 2022, December 31, 2022 and December 31, 2023 was $0.8 million which related to the share-lending arrangement. NOK700 million senior unsecured bonds due 2023 On September 13, 2018 the Company issued a senior unsecured bond totaling NOK600 million in the Norwegian credit market. The bonds bore quarterly interest at NIBOR plus a margin and were redeemable in full on September 13, 2023. On July 30, 2019, the Company conducted a tap issue of NOK100 million under this facility. The bonds were issued at 101.625% of par, and the new outstanding amount after the tap issue was NOK700 million. During the year ended December 31, 2023, the Company purchased bonds with principal amounts totaling NOK293 million equivalent to $29.4 million. A loss of $0.3 million was recorded on the transaction. No bonds were repurchased in the years ended December 31, 2022 and December 31, 2021. At the maturity date the Company redeemed the full outstanding amount of NOK407 million equivalent to $38.1 million. The net amount outstanding as of December 31, 2023, was NOK0 million, equivalent to $0.0 million (December 31, 2022: NOK700 million, equivalent to $71.2 million). $17.5 million secured term loan facility due 2023 In December 2018, two wholly-owned subsidiaries of the Company entered into a $17.5 million secured term loan facility with a bank, secured against two Supramax dry bulk carriers. The Company had provided a corporate part guarantee for this facility, which bore interest at SOFR plus a margin and had a term of approximately five years. In November 2023, the facility was repaid early in full. The net amount outstanding as of December 31, 2023, was $0.0 million (December 31, 2022: $9.4 million). $24.9 million senior secured term loan facility In February 2019, three wholly-owned subsidiaries of the Company entered into a $24.9 million senior secured term loan facility with a bank, secured against three Supramax dry bulk carriers. The Company had provided a corporate part guarantee for this facility, which bore interest at SOFR plus a margin and had a term of approximately five years. In December 2023, the facility was repaid early in full. The net amount outstanding as of December 31, 2023, was $0.0 million (December 31, 2022: $15.1 million). NOK700 million senior unsecured bonds due 2024 On June 4, 2019, the Company issued a senior unsecured bond totaling NOK700 million in the Norwegian credit market. The bonds bear quarterly interest at NIBOR plus a margin and are redeemable in full on June 4, 2024. The net amount outstanding as of December 31, 2023 was NOK695 million equivalent to $68.4 million (December 31, 2022: NOK695 million, equivalent to $70.7 million). $33.1 million term loan facility In June 2019, five wholly-owned subsidiaries of the Company entered into a $33.1 million term loan facility with a syndicate of banks. The Company had provided a corporate guarantee for this facility, which bore interest at LIBOR plus a margin and had a term of approximately four years. During the year ended December 31, 2020 the five subsidiaries were dissolved and the facility was assigned to the Company. The facility matured in January 2023 and was fully repaid. The net amount outstanding as of December 31, 2023, was $0.0 million (December 31, 2022: $21.9 million). NOK600 million senior unsecured bonds due 2025 On January 21, 2020, the Company issued a senior unsecured bond totaling NOK600 million in the Norwegian credit market. The bonds bear quarterly interest at NIBOR plus a margin and are redeemable in full on January 21, 2025. During the year ended December 31, 2020, the Company purchased bonds with amounts totaling NOK60 million equivalent to $6.0 million. In December 2022, the Company resold NOK50 million equivalent to $5.0 million of the bonds which had been previously repurchased. The net amount outstanding as of December 31, 2023 was NOK590 million equivalent to $58.1 million (December 31, 2022: NOK590 million, equivalent to $60.0 million). $40 million senior secured term loan facility In March 2020, two wholly-owned subsidiaries of the Company entered into a $40.0 million senior secured term loan facility with a bank, secured against two Suezmax tankers. The Company had provided a corporate guarantee for this facility, which bore interest at LIBOR plus a margin and had a term of approximately two years. During March 2022, the terms of loan were amended to bear interest at SOFR plus a margin and the loan was extended by a year. The facility matured in March 2023 and was fully repaid. The net amount outstanding as of December 31, 2023, was $0.0 million (December 31, 2022: $31.9 million). $175 million term loan facility In March 2020, four wholly-owned subsidiaries of the Company entered into a $175 million term loan facility with a syndicate of banks, secured against four 8,700 TEU containerships. The Company has provided a corporate part guarantee for this facility, which bears interest at SOFR plus a margin and with a term of approximately five years. The net amount outstanding as of December 31, 2023, was $108.7 million (December 31, 2022: $127.7 million). $50 million senior secured term loan facility In May 2020, a wholly-owned subsidiary of the Company entered into a $50.0 million senior secured term loan facility with a bank, which bore interest at LIBOR plus a margin and had a term of approximately five years. The facility was secured against a 308,000 dwt VLCC. In August 2023, the facility was repaid early in full. The net amount outstanding as of December 31, 2023, was $0.0 million (December 31, 2022: $43.1 million). $50 million senior secured credit facility In November 2020, a wholly-owned subsidiary of the Company entered into a $50.0 million senior secured term loan facility with a bank, secured against a container vessel. The Company has provided a corporate guarantee for this facility, which bears interest at SOFR plus a margin and with a term of approximately four years. The net amount outstanding as of December 31, 2023, was $35.0 million (December 31, 2022: $40.0 million). $51 million term loan facility In February 2021, a wholly-owned subsidiary of the Company entered into a $51.0 million term loan facility with a bank, secured against a container vessel. The Company has provided a corporate part guarantee for this facility, which bears interest at SOFR plus a margin and with a term of approximately four years. The net amount outstanding as of December 31, 2023, was $39.0 million (December 31, 2022: $43.3 million). $51 million term loan facility In April 2021, a wholly-owned subsidiary of the Company entered into a $51.0 million term loan facility with a bank, secured against a container vessel. The Company has provided a corporate guarantee for this facility, which bears interest at SOFR plus a margin and with a term of approximately four years. The net amount outstanding as of December 31, 2023, was $40.1 million (December 31, 2022: $44.4 million). 7.25% senior unsecured sustainability-linked bonds due 2026 On May 12, 2021, the Company issued a senior unsecured sustainability-linked bond totaling $150 million in the Nordic credit market. The bonds bear quarterly interest at a fixed rate of 7.25% per annum and are redeemable in full on May 12, 2026. By the maturity date of the bond, the Company aims to have committed an amount at least equal to the size of the issue on upgrades of existing vessels and/or vessel acquisitions. The net amount outstanding as of December 31, 2023 was $150.0 million (December 31, 2022: $150.0 million). $130 million lease debt financing In September 2021, the wholly-ow ned subsidiaries of the Company owning the two newly acquired 6,800 TEU container vessels entered into sale and leaseback transactions for these vessels, through a Japanese operating lease with call option financing structure. The sales price for each ves sel was $65.0 million, totaling $130.0 million. The vessels were leased back for a term of six years, with options to purchase each vessel at the end of the fifth and sixth year. These two transactions did not qualify as sales under the U.S. GAAP sale and leaseback guidance and have thus been recorded as financing arrangements. The net amounts outstanding as of December 31, 2023 were $49.4 million (December 31, 2022: $56.5 million) and $49.5 million (December 31, 2022: $56.6 million) for each vessel respectively. $35 million term loan facility In December 2021, a wholly-owned subsidiary of the Company entered into a $35.0 million term loan facility with a bank, secured against a container vessel. The Company has provided a corporate part guarantee for this facility, which bears interest at SOFR plus a margin and has a term of approximately seven years. The net amount outstanding as of December 31, 2023, was $30.9 million (December 31, 2022: $32.9 million). $107.3 million term loan facility In December 2021, three wholly-owned subsidiaries of the Company entered into a $107.3 million term loan facility with a bank, secured against three Suezmax tankers. One of the vessels was delivered in 2021, and $35.8 million of the facility was drawn down. Two vessels were delivered in 2022 and the remaining $71.5 million of the facility was drawn down. The Company has provided a corporate part guarantee for this facility, which bears interest at SOFR plus a margin and has a term of approximately five years. The net amount outstanding as of December 31, 2023, was $95.7 million (December 31, 2022: $102.0 million). $100 million term loan facility In March 2022, four wholly-owned subsidiaries of the Company entered into a $100.0 million term loan facility with a bank, secured against four product tankers. The Company has provided a corporate part guarantee for this facility, which bears interest at SOFR plus a margin and has a term of approximately five years. The net amount outstanding as of December 31, 2023, was $82.3 million (December 31, 2022: $92.4 million). $48.8 million lease debt financing In April 2022, the wholly-owned subsidiaries of the Company owning two 6,500 CEU car carriers entered into sale and leaseback transactions for these vessels, through a Japanese operating lease with call option financing structure. The sales prices for the vessels were $23.5 million and $25.3 million. The vessels were leased back for a term of approximately three years, with options to purchase each vessel at the end of the third year. These two transactions did not qualify as sales under the U.S. GAAP sale and leaseback guidance and have thus been recorded as financing arrangements. The net amounts outstanding as of December 31, 2023 were $16.3 million (December 31, 2022: $20.7 million) and $18.0 million (December 31, 2022: $22.4 million) respectively. $23 million term loan facility In September 2022, two wholly-owned subsidiaries of the Company entered into a $23.0 million term loan facility with a bank, secured against two dry bulk carriers. The Company has provided a corporate guarantee for this facility, which bears interest at SOFR plus a margin and had a term of approximately one year. During August 2023, the terms of loan were amended and the loan was extended by a further one year. The net amount outstanding as of December 31, 2023, was $17.2 million (December 31, 2022: $21.8 million). $115 million term loan facility In September 2022, eight wholly-owned subsidiaries of the Company entered into a $115.0 million term loan facility with a bank, secured against eight dry bulk carriers. The Company has provided a corporate part guarantee for this facility, which bears interest at SOFR plus a margin and has a term of approximately three years. The net amount outstanding as of December 31, 2023, was $90.0 million (December 31, 2022: $110.00 million). $290 million term loan facility In September 2022, the Company and six wholly-owned subsidiaries of the Company entered into a $290.0 million term loan facility with a bank. The facility served as a temporary source of finance for vessel acquisitions, with a term of approximately six months. Each of the six wholly-owned subsidiaries of the Company had provided a corporate part guarantee for this facility, which bore interest at SOFR plus a margin. The facility was partly repaid in 2022. In February 2023, the remaining balance of the facility was repaid in full. The net amount outstanding as of December 31, 2023, was $0.0 million (December 31, 2022: $156.00 million). $240 million lease debt financing In October and December 2022, the wholly-owned subsidiaries of the Company owning two 14,000 TEU container vessels entered into sale and leaseback transactions for these vessels, through a Japanese operating lease with call option financing structure. The sales price for each vessel was $120.0 million, totaling $240.0 million. The vessels were leased back for a term of approximately seven years, with options to purchase each vessel at the end of the seventh year. These two transactions did not qualify as sales under the U.S. GAAP sale and leaseback guidance and have thus been recorded as financing arrangements. The net amounts outstanding as of December 31, 2023 were $108.3 million (December 31, 2022: $118.3 million) and $109.7 million (December 31, 2022: $120.0 million) for each vessel respectively. $144.6 million term loan facility In January 2023, four wholly-owned subsidiaries of the Company entered into a $144.6 million term loan facility with a syndicate of banks, secured against four Suezmax tankers. The Company has provided a corporate guarantee for this facility, which bears interest at SOFR plus a margin and has a term of approximately three years. The net amount outstanding as of December 31, 2023, was $136.9 million (December 31, 2022: $0.0 million). 8.875% senior unsecured sustainability-linked bonds due 2027 In February 2023, the Company issued a senior unsecured sustainability-linked bond totaling $150.0 million in the Nordic credit market. The bond was issued at a price of 99.58%. The difference between the face value and market value of the bond of $0.6 million will be amortized as an interest expense over the life of the bond. The bonds bear quarterly interest at a fixed rate of 8.875% of the nominal value per annum and are redeemable in full on February 1, 2027. By the maturity date of the bond, the Company aims to have committed an amount at least equal to the size of the issue on upgrades of existing vessels and/or vessel acquisitions. The net amount outstanding as of December 31, 2023, was $150.0 million (December 31, 2022: $0.0 million). $23.3 million term loan facility In March 2023, a wholly-owned subsidiary of the Company entered into a $23.3 million term loan facility with a bank, secured against the pre-delivery contract for a dual-fuel 7,000 CEU newbuilding car carrier. During the year ended December 31, 2023, $18.6 million of the available facility was drawn down. The Company has provided a corporate guarantee for this facility, which bears interest at SOFR plus a margin and has a term of approximately one year. The net amount outstanding as of December 31, 2023, was $18.6 million (December 31, 2022: $0.0 million). $23.3 million term loan facility In March 2023, a wholly-owned subsidiary of the Company entered into a $23.3 million term loan facility with a bank, secured against the pre-delivery contract for a dual-fuel 7,000 CEU newbuilding car carrier. During the year ended December 31, 2023, $13.9 million of the available facility was drawn down. The Company has provided a corporate guarantee for this facility, which bears interest at SOFR plus a margin and has a term of approximately one year. The net amount outstanding as of December 31, 2023, was $13.9 million (December 31, 2022: $0.0 million). $150 million senior secured term loan facility In April 2023, a wholly-owned subsidiary of the Company entered into a bilateral $150.0 million senior secured term loan facility, secured against a jack-up drilling rig. The Company has provided a full corporate guarantee for this facility, which bears interest at a fixed rate and has a term of approximately three years. The net amount outstanding as of December 31, 2023, was $148.9 million (December 31, 2022: $0.0 million). $45 million lease debt financing In April 2023, the wholly-owned subsidiary of the Company owning a 4,900 CEU car carrier entered into a sale and leaseback transaction for this vessel, through a Japanese operating lease with call option financing structure. The sales price for the vessel was $45.0 million. The vessel was leased back for a term of approximately five years, with the option to purchase the vessel at the end of the fifth year. The transaction did not qualify as a sale under the U.S. GAAP sale and leaseback guidance and have thus been recorded as a financing arrangement. The net amount outstanding as of December 31, 2023 was $41.7 million (December 31, 2022: $0.0 million). $38.5 million lease debt financing In May 2023, the wholly-owned subsidiary of the Company owning a 2,500 TEU container vessel entered into a sale and leaseback transaction for this vessel, through a Japanese operating lease with call option financing structure. The sales price for the vessel was $38.5 million. The vessel was leased back for a term of approximately nine years, with the option to purchase the vessel after approximately six $150 million senior secured term loan facility In May 2023, a wholly-owned subsidiary of the Company entered into a $150.0 million senior secured term loan facility with a syndicate of banks, secured against a harsh environment semi-submersible drilling rig. The Company has provided a full corporate guarantee for this facility, which bears interest at SOFR plus a margin and has a term of approximately three years. The net amount outstanding as of December 31, 2023, was $150.0 million (December 31, 2022: $0.0 million). $8.4 million senior unsecured term loan facility In May 2023, the Company entered into a $8.4 million senior unsecured term loan facility with a bank, for general corporate purposes. The facility bears interest at SOFR plus a margin and has a term of approximately three years. The net amount outstanding as of December 31, 2023, was $8.4 million (December 31, 2022: $0.0 million). $144.4 million lease debt financing In March 2023, the wholly-owned subsidiaries of the Company owning two newbuild 7,000 CEU car carriers entered into sale and leaseback transactions for these vessels, through Japanese operating leases with a call option financing structure. The sale and leaseback transactions were completed in September and November 2023. The sales prices for each vessel was $72.2 million, totaling $144.4 million. The vessels were leased back for a term of approximately 12 years, with the Company's option to purchase the vessels after approximately 10 years. These two transactions did not qualify as sales under the U.S. GAAP sale and leaseback guidance and have thus been recorded as financing arrangements. The net amounts outstanding as of December 31, 2023 were $71.2 million (December 31, 2022: $0.0 million) and $72.0 million (December 31, 2022: $0.0 million) respectively. $60 million loan facility During the year ended December 31, 2021, a wholly-owned subsidiary of the Company entered into a general share lending agreement with a bank. As of December 31, 2023, 11.8 million of the Company's shares were in the custody of the bank. This facility provides a $60.0 million cash loan collateral to the subsidiary in connection with the shares lent and $60.0 million of the facility was drawn down in December 2023. The facility bears interest at the U.S. Federal Funds Rate plus a margin and is repayable on demand, by either party to the agreement. The net amount outstanding as of December 31, 2023, was $60.0 million (December 31, 2022: $0.0 million). The aggregate book value of assets pledged as security against borrowings as of December 31, 2023, was $2,564 million (December 31, 2022: $2,579 million).

FINANCE LEASE LIABILITY

FINANCE LEASE LIABILITY	12 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
FINANCE LEASE LIABILITY	FINANCE LEASE LIABILITY (in thousands of $) 2023 2022 Finance lease liability, current portion 419,341 53,655 Finance lease liability, long-term portion — 419,341 419,341 472,996 In 2018, the Company acquired four 14,000 TEU container vessels and three 10,600 TEU container vessels, which were subsequently refinanced with an Asian based financial institution by entering into separate sale and leaseback financing arrangements. The vessels are leased back for terms ranging from six The Company's future minimum lease liability under the non-cancellable finance leases are as follows: Year ending December 31, (in thousands of $) 2024 433,866 Thereafter — Total finance lease liability 433,866 Less: imputed interest payable (14,525) Present value of finance lease liability 419,341 Less: current portion (419,341) Finance lease liability, long-term portion — Interest incurred on the finance lease liability in the year ended December 31, 2023 was $21.1 million (December 31, 2022: $23.5 million; December 31, 2021: $25.8 million). All of the finance lease liabilities outstanding above are coming due within one year of this report as each option is expected to be exercised on the sixth anniversary during 2024. The Company has initiated discussions and negotiations with financial institutions regarding the refinancing with facilities under similar terms or structures. Given the Company's extensive history and successful track record in obtaining financing and refinancing, the Company believes that it will be able to secure the required refinancing prior to maturity.

SHARE CAPITAL, ADDITIONAL PAID-

SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL AND CONTRIBUTED SURPLUS	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL AND CONTRIBUTED SURPLUS	SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL AND CONTRIBUTED SURPLUS Authorized share capital is as follows: (in thousands of $, except share data) 2023 2022 300,000,000 common shares of $0.01 par value each (December 31, 2022: 300,000,000 common shares of $0.01 par value each) 3,000 3,000 Issued and fully paid share capital is as follows: (in thousands of $, except share data) 2023 2022 138,562,173 common shares of $0.01 par value each (December 31, 2022: 138,562,173 common shares of $0.01 par value each) 1,386 1,386 The Company's common shares are listed on the New York Stock Exchange. Convertible bonds On April 23, 2018, the Company issued a 4.875% senior unsecured convertible bond totaling $150.0 million. Additional bonds were issued on May 4, 2018 at a principal amount of $14.0 million. The bonds were convertible into common shares and matured on May 1, 2023. As required by ASC 470-20 "Debt with Conversion and Other Options", the Company calculated the equity component of the convertible bond, which was valued at $7.9 million at issue date and recorded as "Additional paid-in capital". (See Note 21: Short-Term and Long-Term Debt). During the year ended December 31, 2021, the Company purchased bonds with principal amount totaling $2.0 million. The equity component of these extinguished bonds was valued at $0.1 million and had been deducted from "Additional paid-in capital". In May 2023, the Company redeemed the full outstanding amount under the 4.875% senior unsecured convertible bonds due 2023. The remaining outstanding principal of $84.9 million was settled in cash. On January 1, 2022, the Company implemented the guidance contained in ASU 2020-06 which simplified the accounting for certain financial instruments with characteristics of liabilities and equity. ASU 2020-06, was adopted using the modified retrospective method (See Note 2: Accounting Policies). Following the adoption, the 4.875% senior unsecured convertible notes due 2023 were reflected entirely as a liability as the embedded conversion feature was no longer presented within stockholders' equity. The cumulative effect of adopting this guidance was an incremental adjustment of $4.3 million to opening retained earnings, and a $5.9 million reduction to additional paid-in capital as of January 1, 2022. This net adjustment to equity of $1.6 million resulted in a corresponding decrease in deferred debt issuance costs. In April 2018, the Company issued a total of 3,765,842 new common shares, par value $0.01 per share, from up to 7,000,000 issuable under a share lending arrangement in relation with the Company's issuance of 4.875% senior unsecured convertible bonds in April and May 2018. The shares issued had been loaned to affiliates of the underwriters of the bond issue in order to assist investors in the bonds to hedge their position. During the year ended December 31, 2023, 3,765,142 of the loaned shares were transferred into the custody of another counterparty under a general share lending agreement. It was determined that the transaction qualified for equity classification, and as of the date of inception and as of December 31, 2023, the fair value was determined to be nil. The remaining 700 shares are held with the Company's transfer agent. In October 2021, the Company redeemed the full outstanding amount under the 5.75% senior unsecured convertible bonds due 2021. The remaining outstanding principal amount of $144.7 million was settled in cash. As required by ASC 470-20 "Debt with conversion and Other Options", the Company calculated the equity component of the convertible bond, which was valued at $4.6 million and recorded as "Additional paid-in capital". During the year ended December 31, 2021, the Company purchased bonds with principal amounts totaling $67.6 million. The equity component of these extinguished bonds was valued at $0.4 million and had been deducted from "Additional paid-in capital". In November 2016, in relation with the Company's issue in October 2016 of senior unsecured convertible bonds totaling $225 million, the Company issued 8,000,000 new shares of par value $0.01 each. The shares were issued at par value and had been loaned to an affiliate of one of the underwriters of the bond issue, in order to assist investors in the bonds to hedge their position. The bonds were convertible into the Company's common shares and matured on October 15, 2021. In December 2021, the Company entered into a general share lending agreement with another counterparty and the 8,000,000 shares were transferred into their custody. It was determined that the transaction qualified for equity classification, and as of the date of inception and as of December 31, 2023 the fair value was determined to be nil (year ended December 31, 2022: nil). Issuance of shares During the year ended December 31, 2022, the Company issued a total of 10,786 new common shares, par value $0.01 per share, following the exercise of 85,500 share options (year ended December 31, 2021: cash payment of $0.1 million in lieu of issuing shares after the exercise of 129,000 share options ). During the year ended December 31, 2023, no share options were exercised. In November 2016, the board of directors of the Company (the “Board of Directors”) renewed the Company's Share Option Scheme (the "Option Scheme"), originally approved in November 2006. The Option Scheme permits the Board of Directors, at its discretion, to grant options to employees, officers and directors of the Company or its subsidiaries. The fair value cost of options granted is recognized in the statement of operations, and the corresponding amount is credited to additional paid in capital (See also Note 24: Share Option Plan). On April 12, 2022, the Board of Directors authorized a renewal of our dividend reinvestment plan, or DRIP, to facilitate investments by individual and institutional shareholders who wish to invest dividend payments received on shares owned, or other cash amounts, in the Company’s common shares on a regular or one time basis, or otherwise. On April 15, 2022, the Company filed a registration statement on Form F-3ASR (Registration No. 333-264330) to register the sale of up to 10,000,000 common shares pursuant to the DRIP. If certain waiver provisions in the DRIP are requested and granted pursuant to the terms of the plan, we may grant additional share sales to investors, from time to time, up to the amount registered under the plan. In May 2020, the Company entered into an equity distribution agreement with BTIG LLC ("BTIG") under which the Company may, from time to time, offer and sell new common shares having aggregate sales proceeds of up to $100.0 million through an ATM program (the “2020 ATM Program”). the Company had sold 11.4 million of our common shares, and received net proceeds of $90.2 million, under the 2020 ATM Program. In April 2022, the Company entered into an amended and restated equity distribution agreement with BTIG, under which the Company may, from time to time, offer and sell new common shares up to $100.0 million, through an ATM program with BTIG (the “2022 ATM Program”). Under this agreement, the prior 2020 ATM Program established in May 2020 was terminated and replaced with the renewed 2022 ATM Program. On April 28, 2023, in connection with the 2022 ATM Program, the Company filed a new registration statement on Form F-3ASR (Registration No. 333-271504) and an accompanying prospectus supplement with the SEC to register the offer and sale of up to $100.0 million common shares pursuant to the 2022 ATM Program. No common shares have been sold under the 2022 ATM Program. No new common shares were issued and sold under the DRIP and ATM arrangements during the years ended December 31, 2023 and December 31, 2022. During the year ended December 31, 2021, the Company issued and sold 10.7 million shares under these arrangements and total proceeds of $89.4 million net of costs were received, resulting in a premium on issue of $89.3 million. Repurchase of shares On May 8, 2023, the Board of Directors authorized the repurchase of up to an aggregate of $100 million of the Company's common shares until June 30, 2024 ("Share Repurchase Program"). During the year ended December 31, 2023, the Company repurchased a total of 1,095,095 shares, at an average price of approximately $9.27 per share, with principal amounts totaling $10.2 million, held as treasury shares. The Company has $89,847,972 remaining under the authorized Share Repurchase Program as of December 31, 2023. During the year ended December 31, 2023, no dividend was paid from contributed surplus (year ended December 31, 2022: $37.3 million).

SHARE OPTION PLAN

SHARE OPTION PLAN	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
SHARE OPTION PLAN	SHARE OPTION PLAN In November 2006, the Board of Directors approved the Company's Share Option Scheme (the "Option Scheme"). The Option Scheme will expire in November 2026, following the renewal in November 2016. The terms and conditions remain unchanged from those originally adopted in November 2006 and permits the Board of Directors, at its discretion, to grant options to employees, officers and directors of the Company or its subsidiaries. The fair value cost of options granted is recognized in the statement of operations, and the corresponding amount is credited to additional paid-in capital. As of December 31, 2023 additional paid-in capital was credited with $1.6 million relating to the fair value of options granted in February 2020, May 2021, February 2022 and February 2023. During the year ended December 31, 2023, 68,000 share options expired. At the date of expiry the options had a weighted average exercise price of $9.47 per share and an intrinsic value of $0.0 million. In February 2023, the Company awarded a total of 440,000 options to officers, employees and directors, pursuant to the Company's Share Option Scheme. The options have a five-year term and a three-year vesting period and the first options will be exercisable from February 2024 onwards. The initial strike price was $10.34 per share. The following summarizes share option transactions related to the Option Scheme in 2023, 2022 and 2021: 2023 2022 2021 Options Weighted average exercise price $ Options Weighted average exercise price $ Options Weighted average exercise price $ Options outstanding at beginning of year 1,783,000 8.55 1,433,500 9.65 1,082,500 10.56 Granted 440,000 10.34 435,000 8.73 480,000 8.79 Exercised — — (85,500) 8.87 (129,000) 7.48 Expired (68,000) 9.47 — — — — Options outstanding at end of year 2,155,000 7.91 1,783,000 8.55 1,433,500 9.65 Exercisable at end of year 1,265,000 7.83 919,667 9.00 578,500 10.02 The exercise price of each option is progressively reduced by the amount of any dividends declared. The above figures show the average of the reduced exercise prices at the beginning and end of the year for options then outstanding. For options granted, exercised or expired during the year, the above figures show the average of the exercise prices at the time the options were granted, exercised or expired, as appropriate. The fair values of options granted are estimated on the date of the grant, using the Black-Scholes-Merton option valuation model. The fair values are then expensed over the periods in which the options vest. The weighted average fair value of options granted in 2023 was $3.93 per share as of grant date (2022: $3.06; 2021: $2.87). The weighted average assumptions used to calculate the fair values of the new options granted in 2023 were (a) risk free interest rate of 4.32% (2022: 1.80%; 2021: 0.33%); (b) expected share price volatility of 45.5% (2022: 45.6%; 2021: 44.6%); (c) expected dividend yield of 0% (2022: 0%; 2021: 0%) and (d) expected life of options 3.5 years (2022: 3.5 years; 2021: 3.5 years). The total intrinsic value of 85,500 options exercised in 2022 was $0.1 million on the day of exercise and the Company issued a total of 10,786 new common shares in full satisfaction of this intrinsic value, with no cash exchanges. The total intrinsic value of 129,000 options exercised in 2021 was $0.1 million on the day of exercise and the Company made a cash payment of $0.1 million in lieu of issuing shares under the Option Scheme. As of December 31, 2023, there are 1,265,000 options fully vested but not exercised (December 31, 2022: 919,667 options; December 31, 2021: 578,500 options) and their intrinsic value amounted to $4.4 million (December 31, 2022: $0.2 million; December 31, 2021: $0.0 million). The weighted average remaining term of the vested exercisable options is 1.3 years as of December 31, 2023. As of December 31, 2023, the unrecognized compensation costs relating to non-vested options granted under the Option Scheme was $1.1 million (December 31, 2022: $1.0 million; December 31, 2021: $1.0 million) and their intrinsic value amounted to $2.9 million (December 31, 2022: $1.0 million; December 31, 2021: $0.0 million). This cost will be recognized over the remaining vesting periods, which have a weighted average term of 0.8 years (December 31, 2022: 1.2 years; December 31, 2021: 0.9 years). During the year ended December 31, 2023, the Company recognized a net expense of $1.6 million in compensation cost relating to the stock options (year ended December 31, 2022: $1.4 million; year ended December 31, 2021: $1.0 million).

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company has had transactions with the following related parties, being companies in which our principal shareholder Hemen Holding and companies associated with Hemen have, or had, a significant direct or indirect interest: – Frontline – Frontline Shipping – Seadrill (1) – Golden Ocean – Seatankers Management Norway AS and Seatankers Management Co. Ltd. (collectively “Seatankers”) – Front Ocean Management AS and Front Ocean Management Ltd. (collectively “Front Ocean”) – NorAm Drilling – ADS Maritime Holding (2) – River Box – Sloane Square Capital Holdings Ltd. (“Sloane Square Capital”) (1) From February 2022, Seadrill was determined to no longer be a related party following its emergence from bankruptcy (see below). (2) Following the sale of the shares held by the Company in ADS Maritime Holding in 2021, it was no longer deemed to be a related party. The Consolidated Balance Sheets include the following amounts due from and to related parties and associated companies, excluding investment in direct financing lease balances. (Refer to Note 17: Investments in Sales-Type Leases, Direct Financing Leases and Leaseback Assets). (in thousands of $) 2023 2022 Amounts due from: Frontline 2,907 3,854 Golden Ocean — 374 Seatankers 411 — Sloane Square Capital 201 183 NorAm Drilling 24 — River Box 11 10 Other related parties 2 1 Allowance for expected credit losses* (24) (30) Total amount due from related parties 3,532 4,392 Loans to related parties - associated companies, long-term River Box 45,000 45,000 Total loans to related parties - associated companies, long-term 45,000 45,000 Amounts due to: Frontline Shipping 2,813 1,788 Frontline — 2 Golden Ocean 57 141 Other related parties 20 5 Total amount due to related parties 2,890 1,936 *See Note 3: Recently Issued Accounting Standards and Note 27: Allowance for Expected Credit Losses. River Box holds investments in direct financing leases, through its subsidiaries, related to the 19,200 and 19,400 TEU containerships MSC Anna , MSC Viviana , MSC Erica and MSC Reef . The Company has an investment of 49.9% in River Box and the remaining 50.1% of the shares of River Box are held by a subsidiary of Hemen Holding Limited ("Hemen"), the Company's largest shareholder and a related party. The two drilling rigs owned by the Company, Linu s and Hercules , were leased to subsidiaries of Seadrill, previously a related party. Linus was redelivered from Seadrill in September 2022 and Hercules was redelivered from Seadrill in December 2022. SFL also owned the drilling rig West Taurus, which was also on charter to a subsidiary of Seadrill until the first quarter of 2021. Because the main assets of SFL Deepwater, SFL Hercules and SFL Linus were the subject of leases which each include both fixed price call options and a fixed price purchase obligation or put option, they were previously determined to be variable interest entities in which the Company was not the primary beneficiary and therefore accounted for as investments in associated companies. In February 2021, Seadrill and most of its subsidiaries filed Chapter 11 cases in the Southern District of Texas. SFL and certain of its subsidiaries entered into court approved interim agreements with Seadrill relating to two of the Company’s drilling rigs, Linus and Hercules. The lease to West Taurus was rejected by the court in March 2021 and the rig was redelivered by Seadrill to SFL in the second quarter of 2021. In March 2021, the Company signed an agreement for the recycling of the rig at a facility in Turkey and delivered the rig to the recycling facility in September 2021. The asset was derecognized on disposal and a net loss of $0.6 million was recorded in relation to the recycling of the rig. (Refer to Note 9: Gain on Sale of Assets and Termination of Charters). In February 2022, Seadrill announced that it has emerged from Chapter 11 after successfully completing its reorganization. Upon emergence a new independent board of directors assumed leadership of the new parent company of the Seadrill group, which was referred to as Seadrill 2021 Limited. Hemen's shareholding in Seadrill 2021 Limited post-emergence from bankruptcy was also below 1%. Consequently, SFL determined that Seadrill was no longer a related party following the emergence from bankruptcy. Following amendments to the Hercules bareboat charter and loan facility agreements in 2021, SFL Hercules was determined to no longer be a variable interest entity and was consolidated from August 2021. Following changes to the loan agreement in 2020, the Company was determined to be the primary beneficiary of SFL Linus and was consolidated from October 2020. SFL Deepwater was also consolidated from October 2020 as the Company was deemed to be the primary beneficiary from this date. Related party leasing and service contracts The Company owned two VLCCs accounted for as direct financing leases, which were leased to Frontline Shipping. As of December 31, 2021, the balance of net investments in direct financing leases with Frontline Shipping was $69.8 million before credit loss provision, of which $6.5 million represented short-term maturities. During the year ended December 31, 2022, the vessels were sold and delivered to an unrelated third party and a gain of $1.5 million was recognized on the sale of the vessels. The Company also received an additional compensation payment of $4.5 million from Frontline Shipping, for the early termination of the corresponding charters. (See Note 9: Gain on Sale of Assets and Termination of Charters). As of December 31, 2023, included within vessels, rigs and equipment chartered under operating leases, there were eight Capesize dry bulk carriers leased to a fully guaranteed subsidiary of Golden Ocean (December 31, 2022: eight). As of December 31, 2023, the net book value of assets leased under operating leases to Golden Ocean was $142.9 million (December 31, 2022: $162.1 million). In addition, the two drilling rigs owned by the Company were leased to subsidiaries of Seadrill, previously a related party, under operating leases. As of December 31, 2021, the net book value of the assets leased under operating leases to Seadrill was $599.3 million. Seadrill was determined to no longer be a related party following its emergence from bankruptcy on February 22, 2022. A summary of leasing revenues and repayments from Frontline Shipping, Golden Ocean and Seadrill is as follows: (in millions of $) 2023 2022 2021 Golden Ocean: Operating lease income 54.6 52.3 50.5 Profit share — 3.0 9.8 Frontline Shipping: Direct financing lease interest income — 0.4 1.5 Direct financing lease service revenue — 1.7 6.6 Direct financing lease repayments — 1.8 6.3 Profit share — — 0.3 Seadrill: Direct financing lease interest income — — 3.7 Direct financing lease repayments — — 2.7 Operating lease income — 17.8 28.9 In 2019, SFL entered into an agreement with Golden Ocean, where the Company agreed to finance EGCS installations on seven of the eight Capesize bulk carriers with an amount of up to $2.5 million per vessel, in return for increased charter hire of $1,535 per day from January 1, 2020 to June 30, 2025. The installations were completed during the year ended December 31, 2020, with the cost being capitalized into the value of the assets. Profits sharing arrangements were not changed. In the year ended December 31, 2023, the Company had eight dry bulk carriers operating on time charters to a subsidiary of Golden Ocean, which include profit sharing arrangements whereby the Company earns a 33% share of profits earned by the vessels above threshold levels - see table above. The Company also had a profit sharing arrangement related to the two VLCCs on charter to Frontline Shipping, whereby the Company was entitled to profit sharing of 50% of their earnings on a time charter equivalent basis from their use of the Company's fleet above average threshold charter rates calculated on a quarterly basis. The Company earned and recognized profit sharing revenue under the 50% arrangement - see table above. In the event that vessels on charter to the Frontline Shipping are agreed to be sold, the Company may either pay or receive compensation for the early termination of the lease. During the year ended December 31, 2022, the Company sold the VLCCs Front Energy and Front Force to an unrelated third party and a termination fee of $4.5 million was received from Frontline Shipping. (See Note 9: Gain on Sale of Assets and Termination of Charters). As of December 31, 2023, the Company owed a total of $2.8 million (December 31, 2022: $1.8 million) to Frontline Shipping in respect of vessel management fees, technical supervision fees and items relating to the operation of the vessels. As of December 31, 2023, the Company was owed $2.9 million (December 31, 2022: $3.9 million) by Frontline in respect of various short-term items, including administration recharges and items relating to the operation of vessels trading in a pool with two vessels owned by Frontline until their disposal. The vessels leased to Frontline Shipping were on time charter terms and for each such vessel the Company paid a fixed management/operating fee of $9,000 per day to Frontline Management (Bermuda) Ltd. (“Frontline Management”), a wholly-owned subsidiary of Frontline. No further fees were paid to Frontline Management after April 2022, following the sale of the final two vessels on charter to Frontline Shipping. In addition, during the year ended December 31, 2023, the Company also had 23 container vessels, seven dry bulk carriers, nine Suezmax tankers, five car carriers, six product tankers and two chemical tankers operating on time charter or in the spot market, for which the supervision of the technical management was sub-contracted to Frontline Management. Two Suezmax tankers and two chemical tankers were sold between March and June 2023 to unrelated parties. Management fees incurred are included in the table below. The vessels leased to a subsidiary of Golden Ocean are on time charter terms and for each vessel the Company pays a fixed management/operating fee of $7,000 per day to Golden Ocean Management. Management fees incurred are included in the table below. Management fees are classified as vessel operating expenses in the Consolidated Statements of Operations. In addition to leasing revenues and repayments, the Company incurred fees with related parties. The Company pays Frontline and its subsidiaries a management fee of 1.25% of chartering revenues in relation to two Suezmax tankers operating in the spot market until their disposal in March and April 2023, and a fixed management fee of $150 per day in relation to six product tankers and nine Suezmax tankers, two of which were sold in March and April 2023. The Company pays fees to Frontline Management for administrative services, including corporate services, and fees to Seatankers and Front Ocean for the provision of advisory and support services. The Company also pays fees to Front Ocean Management AS for the provision of office facilities in Oslo, fees to Golden Ocean Shipping Co Pte. Ltd. for the provision of office facilities in Singapore, fees to Frontline Corporate Services Ltd for the provision of office facilities in London. The Company also provides services to Seatankers and NorAm and receives a fee at cost plus margin. Year ended December 31, (in thousands of $) 2023 2022 2021 Frontline: Vessel Management Fees 2,296 3,679 7,794 Newbuilding Supervision Fees 1,514 1,030 132 Commissions and Brokerage 403 498 260 Administration Services Fees 11 7 159 Golden Ocean: Vessel Management Fees 20,440 20,440 20,440 Operating Management Fees — 22 389 Administration Services Fees — — 56 Seatankers: Administration Services Fees* 304 428 226 Front Ocean: Administration Services Fees 597 483 23 Office Facilities and other shared costs: Seatankers Management Norway AS (10) 106 112 Front Ocean Management AS 310 — — Frontline Management AS — 341 252 Frontline Corporate Services Ltd. 163 93 187 Frontline Shipping Singapore Pte Ltd. — — 19 Frontline Management (Bermuda) Limited 14 — — Golden Ocean Shipping Co Pte. Ltd. 79 80 — NorAm Drilling AS (13) — — Flex LNG Management Ltd — 3 — * During the year ended December 31, 2021, a credit note of $0.3 million was received in relation to 2020 fees paid. Related party loans – associated companies As of December 31, 2023, the Company had one (2022: one) loan receivable outstanding with River Box for $45.0 million (2022: $45.0 million). The loan to River Box is a fixed interest rate loan and is repayable in full on November 16, 2033, or earlier if the company sells its assets. Interest income received on the loans to associated companies is as follows: Year ended December 31, (in millions of $) 2023 2022 2021 River Box 4.6 4.6 4.6 SFL Hercules — — 2.4 Related party purchases and sales of vessels During the year ended December 31, 2021, the Company entered into agreement to acquire four Aframax LR2 product tankers from affiliates of Frontline, for an aggregate amount of $160.0 million. Two of the vessels were delivered in December 2021 and the remaining two vessels were delivered in January 2022 and February 2022. Upon delivery, the vessels commenced their long term charters to a third party. In the years ended December 31, 2023 and December 31, 2022, there were no vessels sold to related parties. Other related party transactions During the year ended December 31, 2021, the Company received a capital dividend of approximately $8.8 million from ADS Maritime Holding following the sale of its remaining two vessels. Also during the year ended December 31, 2021, the Company sold its remaining shares in ADS Maritime Holding for a consideration of approximately $0.8 million, recognizing a gain of $0.7 million on disposal. (Refer to Note 11: Investments in Debt and Equity Securities). During the year ended December 31, 2022, the Company had a forward contract to repurchase 1.4 million shares of Frontline at a repurchase price of $16.7 million including accrued interest. The transaction was accounted for as a secured borrowing, with the shares transferred to 'Marketable securities pledged to creditors' and a liability recorded within debt. In September 2022, the Company settled the forward contract in full and recorded the sale of the 1.4 million shares and extinguishment of the corresponding debt of $15.6 million. A net gain of $4.6 million was recognized in the Statements of Operations in respect of the settlement during the year ended December 31, 2022. (See Note 11: Investments in Debt and Equity Securities). Also during the year ended December 31, 2022, the Company redeemed the remaining balance of its investment in senior secured corporate bonds in NorAm Drilling at par value. The Company recorded no gain or loss on redemption of the bonds. The accumulated gain of $0.5 million previously recognized in other comprehensive income was recognized in the Consolidated Statements of Operations. (Refer to Note 11: Investments in Debt and Equity Securities). As of December 31, 2023, the Company had investment in NorAm Drilling of 1.3 million shares with a fair value $5.1 million, trading on the Euronext Growth exchange in Oslo. (Refer to Note 11: Investments in Debt and Equity Securities). Dividends and interest income received from shares held in and secured notes issued by related parties: Year ended December 31, (in thousands of $) 2023 2022 2021 Dividends received NorAm Drilling 1,246 128 — Interest income received NorAm Drilling — 463 443

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS In certain situations, the Company may enter into financial instruments to reduce the risk associated with fluctuations in interest rates, exchange rates and commodity prices. The Company has a portfolio of swaps which swap floating rate interest to fixed rate, which fix the Norwegian kroner to U.S. dollar exchange rate applicable to the interest payable and principal repayment on the NOK bonds and which swap floating commodity prices to fixed prices. From a financial perspective these swaps hedge interest rate, exchange rate and fuel price exposure. As of December 31, 2023, the counterparties to such contracts are DNB Bank ASA, Nordea Bank Finland Plc., Skandinaviska Enskilda Banken AB (publ), Danske Bank A/S and Sumitomo Mitsui Banking Corporation. Credit risk exists to the extent that the counterparties are unable to perform under the contracts, but this risk is considered not to be substantial as the counterparties are all banks which have provided the Company with loans. The following tables present the fair values of the Company's derivative instruments that were designated as cash flow hedges and qualified as part of a hedging relationship, and those that were not designated: (in thousands of $) 2023 2022 Designated derivative instruments -short-term assets: Interest rate swaps 4,333 1,229 Non-designated derivative instruments -short-term assets: Interest rate swaps 284 707 Total derivative instruments -short-term assets 4,617 1,936 Designated derivative instruments -long-term assets: Interest rate swaps 2,357 12,963 Non-designated derivative instruments -long-term assets: Interest rate swaps 11,251 13,753 Total derivative instruments - long-term assets 13,608 26,716 (in thousands of $) 2023 2022 Designated derivative instruments -short-term liabilities: Cross currency interest rate swaps — 2,260 Cross currency swaps 11,845 14,601 Non-designated derivative instruments -short-term liabilities: Cross currency swaps 85 — Commodity swaps 436 — Total derivative instruments - short-term liabilities 12,366 16,861 Designated derivative instruments -long-term liabilities: Cross currency interest rate swaps — 4,054 Cross currency swaps 8,965 10,233 Non-designated derivative instruments -long-term liabilities: Cross currency swaps — 70 Total derivative instruments - long-term liabilities 8,965 14,357 Interest rate risk management The Company manages its debt portfolio with interest rate and currency swap agreements denominated in U.S. dollars and Norwegian kroner to achieve an overall desired position of fixed and floating interest rates. As of December 31, 2023, the Company and its consolidated subsidiaries had entered into interest rate and currency swap transactions, to achieve fixed interest rates. Due to the discontinuance of LIBOR after June 30, 2023, and notwithstanding the automatic conversion mechanisms to alternative rates, the Company has entered into amendment agreements to existing swap agreements for the transition from LIBOR to SOFR. The Company elected to apply the optional expedient pursuant to ASC 848 for contracts which are designated as cash flow hedges within the scope of ASC 815. This meant that the Company was not required to de-designate hedging relationships as a result of changes to loan and swap agreements which related solely to the replacement of LIBOR as a benchmark rate to SOFR. The summary below includes all interest rate swap transactions, involving the payment of fixed rates, in exchange for SOFR plus applicable credit adjustment spreads, most of which are hedges against specific loans. The fixed interest rate below includes the impact of credit adjustment spreads. Notional Principal (in thousands of $) Trade date Maturity date Fixed interest rate $30,000 (remaining at $30,000) May 2019 June 2024 1.9% * $48,332 (remaining at $48,332) May 2019 March 2024 1.8% * $100,000 (remaining at $100,000) August 2019 August 2029 1.2% - 1.3% $67,500 (remaining at $67,500) January 2020 October 2024 1.1% * $108,735 (reducing to $92,233) April 2020 January 2025 0.2% The summary below includes all currency swap transactions, involving the payment of SOFR plus a margin in U.S. dollars in exchange for NIBOR plus a margin in Norwegian kroner, most of which are hedges against specific loans. Notional Principal (in thousands of $) Trade date Maturity date Margin on SOFR leg (payable) Margin on NIBOR leg (receivable) NOK700 million May 2019 June 2024 5.0% - 5.1% 4.6% * NOK600 million January 2020 January 2025 4.8% 4.4% * * These swaps relate to the NOK700 million and NOK600 million senior unsecured bonds due 2024 and 2025, whereby the overall position of entering into interest rate and currency swap transactions is that a fixed interest rate paid is exchanged for NIBOR plus the margin on the bond. The total net notional principal amount subject to interest swap agreements as of December 31, 2023, was $0.4 billion (December 31, 2022: $0.6 billion). Foreign currency risk management The Company is party to currency swap transactions, involving the payment of U.S. dollars in exchange for Norwegian kroner and the payment of Norwegian kroner in exchange for U.S. dollars, which are designated as hedges against the NOK700 million and NOK600 million senior unsecured bonds due 2024 and 2025 respectively. Principal Receivable Principal Payable Trade date Maturity date NOK700 million US$80.5 million May 2019 June 2024 NOK600 million US$67.5 million January 2020 January 2025 Apart from the NOK700 million and NOK600 million senior unsecured bonds due 2024 and 2025, respectively, the majority of the Company's transactions, assets and liabilities are denominated in U.S. dollars, the functional currency of the Company. Other than the corresponding currency swap transactions summarized above, the Company has not entered into forward contracts for either transaction or translation risk. Accordingly, there is a risk that currency fluctuations could have an adverse effect on the Company's cash flows, financial condition and results of operations. Commodity price risk management As of December 31, 2023, the Company had entered into two cash-settled commodity swap transactions, involving the payment of a fixed price per metric tonne of gas oil for a floating price. The contracts mature in March 2024 and September 2024. Fair Values The carrying value and estimated fair value of the Company's financial assets and liabilities as of December 31, 2023, and 2022, are as follows: 2023 2023 2022 2022 (in thousands of $) Carrying value Fair value Carrying value Fair value Non-derivatives: Equity Securities 5,104 5,104 7,283 7,283 NOK700 million senior unsecured floating rate bonds due 2023 — — 71,243 71,421 NOK700 million senior unsecured floating rate bonds due 2024 68,426 68,919 70,734 70,734 NOK600 million senior unsecured floating rate bonds due 2025 58,089 59,181 60,048 60,348 4.875% senior unsecured convertible bonds due 2023 — — 137,900 137,211 7.25% senior unsecured sustainability linked bonds due 2026 150,000 146,310 150,000 144,188 8.875% senior unsecured sustainability linked bonds due 2027 150,000 152,820 — — Derivatives: Interest rate/ currency/ commodity swap contracts – short-term receivables 4,617 4,617 1,936 1,936 Interest rate/ currency/ commodity swap contracts – long-term receivables 13,608 13,608 26,716 26,716 Interest rate/ currency/ commodity swap contracts – short-term payables 12,366 12,366 16,861 16,861 Interest rate/ currency swap/ commodity contracts – long-term payables 8,965 8,965 14,357 14,357 The above short-term receivables relating to interest rate/ currency/ commodity swap contracts as of December 31, 2023, include $0.3 million which relates to non-designated swap contracts (December 31, 2022: $0.7 million), with the balance relating to designated hedges. The above long-term receivables relating to interest rate/ currency/ commodity swap contracts as of December 31, 2023, include $11.3 million which relates to non-designated swap contracts (December 31, 2022: $13.8 million), with the balance relating to designated hedges. The above short-term payables relating to interest rate/ currency/ commodity swap contracts as of December 31, 2023, include $0.5 million which relates to non-designated swap contracts (December 31, 2022: $0.0 million), with the balance relating to designated hedges. The above long-term payables relating to interest rate/ currency/ commodity swap contracts as of December 31, 2023, include $0.0 million which relates to non-designated swap contracts (December 31, 2022: $0.1 million), with the balance relating to designated hedges. The above fair values of financial assets and liabilities as of December 31, 2023, are measured as follows: Fair value measurements using December 31, 2023 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands of $) (Level 1) (Level 2) (Level 3) Assets: Equity securities 5,104 5,104 Interest rate/ currency/ commodity swap contracts – short-term receivables 4,617 4,617 Interest rate/ currency/ commodity swap contracts - long-term receivables 13,608 13,608 Total assets 23,329 5,104 18,225 — Liabilities: NOK700 million senior unsecured floating rate bonds due 2024 68,919 68,919 NOK600 million senior unsecured floating rate bonds due 2025 59,181 59,181 7.25% senior unsecured sustainability linked bonds due 2026 146,310 146,310 8.875% senior unsecured sustainability linked bonds due 2027 152,820 152,820 Interest rate/ currency/ commodity swap contracts – short-term payables 12,366 12,366 Interest rate/ currency/ commodity swap contracts – long-term payables 8,965 8,965 Total liabilities 448,561 427,230 21,331 — The above fair values of financial assets and liabilities as of December 31, 2022, were measured as follows: Fair value measurements using December 31, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands of $) (Level 1) (Level 2) (Level 3) Assets: Equity securities 7,283 7,283 Interest rate/ currency/ commodity swap contracts – short-term receivables 1,936 1,936 Interest rate/ currency/ commodity swap contracts – long-term receivables 26,716 26,716 Total assets 35,935 7,283 28,652 — Liabilities: NOK700 million senior unsecured floating rate bonds due 2023 71,421 71,421 NOK700 million senior unsecured floating rate bonds due 2024 70,734 70,734 NOK600 million senior unsecured floating rate bonds due 2025 60,348 60,348 4.875% senior unsecured convertible bonds due 2023 137,211 137,211 7.25% senior unsecured sustainability linked bonds due 2026 144,188 144,188 Interest rate/ currency/ commodity swap contracts – short-term payables 16,861 16,861 Interest rate/ currency/ commodity swap contracts – long-term payables 14,357 14,357 Total liabilities 515,120 483,902 31,218 — ASC Topic 820 "Fair Value Measurement and Disclosures" ("ASC 820") emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, ASC 820 establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within levels one and two of the hierarchy) and the reporting entity's own assumptions about market participant assumptions (unobservable inputs classified within level three of the hierarchy). Level 1 inputs utilize unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 inputs are inputs other than quoted prices included in level one that are observable for the asset or liability, either directly or indirectly. Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability, other than quoted prices, such as interest rates, foreign exchange rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the assets or liabilities, which typically are based on an entity's own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. As of December 31, 2023, investment in equity securities consist of NorAm Drilling shares trading on the Euronext Growth exchange in Oslo. As of December 31, 2023, the estimated fair values for the senior unsecured floating rate NOK bonds due 2024 and 2025, the 7.25% senior unsecured sustainability linked bonds due 2026 and the 8.875% senior unsecured sustainability linked bonds due 2027 are based on the quoted market prices as of the balance sheet date. As of December 31, 2023, the fair value of interest rate and currency swap contracts is calculated using established independent valuation techniques applied to contracted cash flows and SOFR/NIBOR interest rates as of the balance sheet date. Concentrations of risk There is a concentration of credit risk with respect to cash and cash equivalents to the extent that amounts are carried with Skandinaviska Enskilda Banken, ABN AMRO, Nordea, Credit Agricole Corporate and Investment Bank, BNPP Bank, UBS Group AG (previously Credit Suisse) and DNB Bank. However, the Company believes this risk is remote, as these financial institutions are established and reputable establishments with no prior history of default. The Company does not require collateral or other securities to support financial instruments that are subject to credit risk however certain of the Company’s counterparties require the Company to periodically post collateral when the fair value of the financial instruments exceeds or is below specified thresholds. As of December 31, 2023 and 2022, the Company posted cash collateral related to derivative instruments under its collateral security arrangements of $7.1 million and $8.8 million, respectively, which is recorded within Other long term assets in the consolidated balance sheets. (Refer to Note 16: Other Long Term Assets). The Company also sometimes enter into master netting and offset agreements with such counterparties. As of December 31, 2023, the Company has International Swaps and Derivatives Association (“ISDA”) agreements with its swap counterparties which contain netting provisions. There is also a concentration of revenue risk with the below customers: Charterer Number of Vessels /rigs chartered as of December 31, 2023 % of consolidated operating revenues (Year ended December 31, 2023) Number of Vessels /rigs chartered as of December 31, 2022 % of consolidated operating revenues (Year ended December 31, 2022) Maersk A/S (“Maersk”) 16 28 % 16 31 % Evergreen Marine Corporation (Taiwan) Ltd. and its affiliate Evergreen Marine (Singapore) Pte Ltd. (collectively “Evergreen”) *** 5 13 % 6 15 % ConocoPhillips Skandinavia AS ("ConocoPhillips")** 1 10 % 1 3 % Trafigura Maritime Logistics Pte Ltd (“Trafigura”) 7 8 % 7 9 % Golden Ocean* 8 7 % 8 8 % * Additionally see Note 25: Related Party Transactions. ** In September 2022, the drilling rig Linus was redelivered from Seadrill to the Company. Concurrently, the drilling contract of Linus with ConocoPhillips was assigned from Seadrill to the Company. *** In September 2023, one of the vessels was redelivered from Evergreen to the Company and commenced the installation of efficiency upgrades. Following the installation of these upgrades, the vessel commenced a time charter contract with Hapag Lloyd for a duration of five years. The remaining five vessels are also expected to begin charters with Hapag Lloyd upon the completion of their current charters with Evergreen. In addition, a portion of our net income is generated from our associated company, River Box. (See Note 18: Investment in Associated Companies). In the year ended December 31, 2023, income from River Box accounted for approximately 9% of our net income (year ended December 31, 2022: 4%). As discussed in Note 25: Related Party Transactions, the Company, as of December 31, 2023, had one outstanding receivable loan balance granted by the Company to River Box totaling $45.0 million (December 31, 2022: $45.0 million). The loan granted by the Company is considered not impaired as of December 31, 2023 due to the fair value of the vessels owned by River Box exceeding the book values as of December 31, 2023.

ALLOWANCE FOR EXPECTED CREDIT L

ALLOWANCE FOR EXPECTED CREDIT LOSSES	12 Months Ended
	Dec. 31, 2023
Credit Loss [Abstract]
ALLOWANCE FOR EXPECTED CREDIT LOSSES	ALLOWANCE FOR EXPECTED CREDIT LOSSES The Company records an allowance for expected credit losses based on an assessment of the impact of current and expected future conditions, inclusive of the Company's estimate of the potential impacts of the Russian-Ukrainian war, the developments in the Middle East and significant global inflationary pressures on credit losses. The effect of these are subject to significant judgment and may cause variability in the Company’s allowance for credit losses in future periods. Movements in the allowance for expected credit losses may result in gains as well as losses recorded in income as changes occur in the balances of our financial assets and the risk profiles of our counterparties. The following table presents the impact of the allowance for expected credit losses on the Company's balance sheet line items for the year ended December 31, 2023. (in thousands of $) Trade receivables Other receivables Related Party receivables Investment in sales-type, direct financing leases and leaseback assets Other long-term assets Total Balance as of December 31, 2021 96 486 3,255 1,263 1,888 6,988 Derecognition of Seadrill credit loss balances — — (3,200) — — (3,200) Change in allowance recorded in 'other financial items' 164 418 (25) (1,071) (8) (522) Balance as of December 31, 2022 260 904 30 192 1,880 3,266 Change in allowance recorded in 'other financial items' (245) (88) (6) (119) — (458) Balance as of December 31, 2023 15 816 24 73 1,880 2,808 The impact of the allowance for expected credit losses on the associates is disclosed in Note 18: Investment in Associated Companies. During the year ended December 31, 2022, credit loss balances of $3.2 million were derecognized as Seadrill emerged from Chapter 11 in February 2022. Also, during the year ended December 31, 2022, SFL determined that Seadrill is no longer a related party following the emergence from bankruptcy. (See also Note 25: Related Party Transactions).

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	COMMITMENTS AND CONTINGENT LIABILITIES Assets Pledged (in millions of $) 2023 2022 Vessels, rigs and equipment, net 2,508 2,460 Investments in sales-type, direct financing leases and leaseback assets 56 119 Book value of consolidated assets pledged under ship mortgages 2,564 2,579 Assets with finance lease liabilities (in millions of $) 2023 2022 Vessels under finance lease, net 573 615 Total book value 573 615 The Company has funded its acquisition of vessels, jack-up rig and ultra-deepwater drilling rig through a combination of equity, short-term debt and long-term debt. Providers of long-term loan facilities usually require that the loans be secured by mortgages against the assets being acquired. As of December 31, 2023, the Company had $2.2 billion (December 31, 2022: $2.2 billion) of outstanding principal indebtedness under various credit facilities and finance lease liabilities of $0.4 billion (December 31, 2022: $0.5 billion). Other Contractual Commitments and Contingencies The Company has arranged insurance for the legal liability risks for its shipping activities with Gard P.& I. (Bermuda) Ltd., Assuranceforeningen Skuld (Gjensidig), The Steamship Mutual Underwriting Association Limited, NorthStandard Limited (previously North of England P&I Association Limited and The Standard Club Europe Ltd), The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited and The Britannia Steam Ship Insurance Association Europe, all of which are mutual protection and indemnity associations. The Company is subject to calls payable to the associations based on the Company’s claims record in addition to the claims records of all other members of the associations. A contingent liability exists to the extent that the claims records of the members of the associations in the aggregate show significant deterioration, which may result in additional calls on the members. The Company also has similar partially mutual insurance arrangements for its rigs. As of December 31, 2023 , the Company has a signed drilling contract with Equinor Canada Ltd. (“Equinor”) for the harsh environment semi-submersible rig Hercules . The contract is for one well plus one optional well and has a duration of approximately 200 days including transit time to and from Canada. The rig is expected to start mobilizing towards Canada immediately after completing the Galp Energia contract in Namibia in the first half of 2024. Capital commitments As of December 31, 2023, the Company had no commitments towards the installation of BWTS on its vessels (December 31, 2022: $1.6 million on two vessels). As of December 31, 2023, the Company had commitments under shipbuilding contracts to construct two newbuilding dual-fuel 7,000 CEU car carriers designed to use liquefied natural gas ("LNG"), totaling to $77.5 million. The Company had commitments in respect of four newbuilding car carriers as of December 31, 2022, two of which were delivered in the year ended December 31, 2023. Following an interim charter from Asia to Europe, for an Asia based operator, the two vessels commenced a 10-year period time charter with Volkswagen Group. The third vessel was delivered in January 2024 and commenced a 10-year period time charter with K Line, while the fourth vessel is expected to be delivered in 2024 and will also commence a 10-year period time charter with K Line. (Refer to Note 14: Capital Improvements, Newbuildings and Vessel Purchase Deposits and Note 30: Subsequent Events). In addition, the drilling rig, Linus is due to undertake its second SPS, which is currently scheduled to take place during the second quarter of 2024, weather permitting. The Company expects the cost to be approximately $30.0 million in respect of the SPS and other upgrades. There were no other material contractual commitments as of December 31, 2023. Other contingencies On March 5, 2023, SFL Hercules Ltd., a subsidiary of the Company, served Seadrill with a claim filed in the Oslo District Court in Norway, relating to the redelivery of the drilling rig, Hercules, in December 2022. The Company has made the claim because it believes that the rig was not redelivered in the condition required under the contract with Seadrill and the Company is therefore seeking damages. The court case is currently scheduled to commence in mid-August 2024. The Company is routinely party both as plaintiff and defendant to lawsuits in various jurisdictions under charter hire obligations arising from the operation of its vessels in the ordinary course of business. The Company believes that the resolution of such claims will not have a material adverse effect on its results of operations or financial position. The Company has not recognized any contingent gains or losses arising from the pending results of any such lawsuits.

CONSOLIDATED VARIABLE INTEREST

CONSOLIDATED VARIABLE INTEREST ENTITIES	12 Months Ended
	Dec. 31, 2023
CONSOLIDATED VARIABLE INTEREST ENTITIES [Abstract]
CONSOLIDATED VARIABLE INTEREST ENTITIES	CONSOLIDATED VARIABLE INTEREST ENTITIES As of December 31, 2023, the Company's consolidated financial statements included 34 variable interest entities , all of which had been determined that the Company is the primary beneficiary. These variable interest entities are all wholly-owned subsidiaries and own vessels with existing charters during which related and third parties have fixed price options or obligations to purchase the respective vessels, at dates varying from July 2024 to November 2028. As of December 31, 2023, seven of the consolidated variable interest entities have vessels which are accounted for as investments in sales-type leases, direct financing leases and leaseback assets. As of December 31, 2023, the vessels had a carrying value of $43.0 million before credit loss provision, unearned lease income of $3.1 million and total option prices at the earliest exercise date of $31.2 million. The outstanding loan balances in these entities amounted to a total of $32.5 million, of which the short-term portion was $5.0 million as of December 31, 2023. As of December 31, 2023, 24 fully consolidated variable interest entities each own vessels which are accounted for as operating lease assets. As of December 31, 2023 the vessels had a total net book value of $885.2 million. The outstanding loan balances in these entities amounted to a total of $572.1 million, of which the short-term portion was $66.4 million as of December 31, 2023. The remaining three consolidated variable interest entities each own vessels which are accounted for as vessels under finance lease and had a total net book value of $229.1 million as of December 31, 2023. The outstanding total finance lease liabilities for these entities amounted to a total of $168.8 million, and is classified in short-term portion as of December 31, 2023.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS In January 2024, the Company took delivery of the Odin Highway , the third of four newbuild 7,000 CEU dual-fuel car carriers. The vessel immediately commenced its new 10-year time charter to K Line. In January 2024, the Company issued 43,708 new shares to an officer in settlement of options issued in 2019 pursuant to the Company’s incentive program. The weighted average exercise price of the options exercised was $6.62 per share and the total intrinsic value of the options exercised was $0.5 million. In February 2024, SFL awarded 440,000 options to its employees, officers and directors pursuant to the Company’s incentive program. The options have a five-year term and a three-year vesting period and the first options will be exercisable from February 2025 onwards. The initial strike price was $12.02 per share. On February 14, 2024, the Board of Directors declared a dividend of $0.26 per share which will be paid in cash on or around March 28, 2024 to shareholders of record as of March 15, 2024. In March 2024, Maersk declared a further 12 months extension option each for the 8,700 TEU container vessel, San Felipe and 9,500 TEU container vessel, Maersk Skarstind .

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). The consolidated financial statements include the assets and liabilities and results of operations of the Company and its subsidiaries. All inter-company balances and transactions have been eliminated on consolidation. Where necessary, comparative figures for previous years have been reclassified to conform to changes in presentation in the current year.
Consolidation of variable interest entities	Consolidation of variable interest entities A variable interest entity is defined in Accounting Standards Codification ("ASC") Topic 810 "Consolidation" ("ASC 810") as a legal entity where either (a) the total equity at risk is not sufficient to permit the entity to finance its activities without additional subordinated support; (b) equity interest holders as a group lack either i) the power to direct the activities of the entity that most significantly impact on its economic success, ii) the obligation to absorb the expected losses of the entity, or iii) the right to receive the expected residual returns of the entity; or (c) the voting rights of some investors in the entity are not proportional to their economic interests and the activities of the entity involve or are conducted on behalf of an investor with a disproportionately small voting interest. ASC 810 requires a variable interest entity to be consolidated by its primary beneficiary, being the interest holder, if any, which has both (1) the power to direct the activities of the entity which most significantly impact on the entity's economic performance, and (2) the right to receive benefits or the obligation to absorb losses from the entity which could potentially be significant to the entity. The Company evaluates its subsidiaries, and any other entities in which it holds a variable interest, in order to determine whether the Company is the primary beneficiary of the entity, and where it is determined that the Company is the primary beneficiary the Company fully consolidate the entity.
Use of accounting estimates	Use of accounting estimates The preparation of financial statements in accordance with U.S. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue and expense recognition	Revenue and expense recognition The Company generates its revenues from the charter hire of its vessels and offshore related assets, and freight billings. Revenues are generated from time charter hire, bareboat charter hire, direct financing lease interest income, sales-type lease interest income, leaseback assets interest income, direct financing lease service revenues, profit sharing arrangements, drilling contract revenue, voyage charters and other freight billings. In a time charter voyage, the vessel is hired by the charterer for a specified period of time in exchange for consideration which is based on a daily hire rate. Generally, the charterer has the discretion over the ports visited, shipping routes and vessel speed. The contract/charter party generally provides typical warranties regarding the speed and performance of the vessel. The charter party generally has some owner protective restrictions such that the vessel is sent only to safe ports by the charterer and carries only lawful or non-hazardous cargo. In a time charter contract, we are responsible for all the costs incurred for running the vessel such as crew costs, vessel insurance, repairs and maintenance, lubrication oil and other costs relevant to operate the vessel. The charterer bears the voyage related costs such as bunker expenses, port charges, and canal tolls during the hire period. The performance obligations in a time charter contract are satisfied over the term of the contract beginning when the vessel is delivered to the charterer until it is redelivered back to us. The charterer generally pays the charter hire in advance of the upcoming contract period. The time charter contracts are either operating or direct financing or sales type leases. Where time charters and bareboat charters are considered operating leases, revenues are recorded over the term of the charter as a service is provided. When a time charter contract is linked to an index, we recognize revenue for the applicable period based on the actual index for that period. Rental payments from direct financing and sales-type leases and leaseback assets are allocated between service revenues, if applicable, interest income and capital repayments. The amount allocated to lease service revenue is based on the estimated fair value, at the time of entering the lease agreement, of the services provided which consist of ship management and operating services. In a voyage charter contract, the charterer hires the vessel to transport a specific agreed-upon cargo for a single voyage. The consideration in such a contract is determined on the basis of a freight rate per metric ton of cargo carried or occasionally on a lump sum basis. The charterer is responsible for any short loading of cargo or "dead" freight. The voyage charter party generally has standard payment terms with freight paid on completion of discharge. The voyage charter party generally has a "demurrage" clause. As per this clause, the charterer reimburses us for any potential delays exceeding the allowed laytime as per the charter party clause at the ports visited, which is recorded as voyage revenue. Estimates and judgments are required in ascertaining the most likely outcome of a particular voyage and actual outcomes may differ from estimates. Such estimate is reviewed and updated over the term of the voyage charter contract. In a voyage charter contract, the performance obligations begin to be satisfied once the vessel begins loading the cargo. We have determined that our voyage charter contracts consist of a single performance obligation of transporting the cargo within a specified time period. Therefore, the performance obligation is met evenly as the voyage progresses, and the revenue is recognized on a straight line basis over the voyage days from the commencement of loading to completion of discharge. Contract assets with regards to voyage revenues are reported as "Voyages in progress" as the performance obligation is satisfied over time. Voyage revenues typically become billable and due for payment on completion of the voyage and discharge of the cargo, at which point the receivable is recognized as "Trade accounts receivable, net". In a voyage contract, the Company bears all voyage related costs such as fuel costs, port charges and canal tolls. To recognize costs incurred to fulfill a contract as an asset, the following criteria shall be met: (i) the costs relate directly to the contract, (ii) the costs generate or enhance resources of the entity that will be used in satisfying performance obligations in the future and (iii) the costs are expected to be recovered. The costs incurred during the period prior to commencement of loading the cargo, primarily bunkers, are deferred as they represent setup costs and recorded as a current asset and are subsequently amortized on a straight-line basis as we satisfy the performance obligations under the contract. Costs incurred to obtain a contract, such as commissions, are also deferred and expensed over the same period. For our vessels operating under revenue sharing agreements, or in pools, revenues and voyage expenses are pooled and allocated to each pool’s participants in accordance with an agreed-upon formula. Revenues generated through revenue sharing agreements are presented gross when we are considered the principal under the charter parties with the net income allocated under the revenue sharing agreement presented as within voyage charter income. For revenue sharing agreements that meet the definition of a lease, we account for such contracts as variable rate operating leases and recognize revenue for the applicable period based on the actual net revenue distributed by the pool. The activities that drive the revenue earned from our drilling contract primarily includes providing a drilling rig and the crew and supplies necessary to operate the rig, but may also in the future include mobilizing and demobilizing the rig to and from the drill site and performing rig preparation activities and/or modifications required for the contract with a customer. We account for these integrated services as a single performance obligation that is (i) satisfied over time and (ii) comprised of a series of distinct time increments of service. We recognize drilling contract revenues for activities that correspond to a distinct time increment of service within the contract term in the period when the services are performed. We recognize consideration for activities that are (i) not distinct within the context of our contracts and (ii) do not correspond to a distinct time increment of service, ratably over the estimated contract term. We determine the total transaction price for each individual contract by estimating both fixed and variable consideration expected to be earned over the term of the contract. The amount estimated for variable consideration may be constrained and is only included in the transaction price to the extent that it is probable that a significant reversal of previously recognized revenue will not occur throughout the term of the contract. When determining if variable consideration should be constrained, we consider whether there are factors outside of our control that could result in a significant reversal of revenue as well as the likelihood and magnitude of a potential reversal of revenue. We reassess these estimates each reporting period as required. Consideration received for drilling contracts mainly comprises of dayrate drilling revenue which provide for payment on a dayrate basis, with higher rates for periods when the drilling rig is operating and lower rates or zero rates for periods when drilling operations are interrupted or restricted. The dayrate invoices billed to the customer are typically determined based on the varying rates applicable to the specific activities performed on an hourly basis. Such dayrate consideration is allocated to the distinct hourly incremental service it relates to. Revenue is recognized in line with the contractual rate billed for the services provided for any given hour. As detailed in Note 25: Related Party Transactions, the Company has, or has had, profit sharing arrangements with Frontline Shipping Limited ("Frontline Shipping"), and Golden Ocean Group Limited ("Golden Ocean"). In addition, the Company's charter agreements relating to seven containerships chartered to Maersk on a time charter basis include an arrangement where we receive a share of the fuel savings, dependent on the price difference between IMO compliant fuel and IMO non-compliant fuel that is subsequently made compliant by the scrubbers. Also, scrubber related fuel savings revenue is earned by the Company in connection with a 4,900 CEU car carrier, Arabian Sea , on a six-year time charter with EUKOR Car Carriers Inc. (“Eukor”). As a result of the profit share mechanism, SFL is entitled to a share of the difference between the prices paid and the plats bunker prices at the time and place of bunkering. Amounts receivable under these arrangements are accrued on the basis of amounts earned at the reporting date. Any contingent elements of rental income, such as profit share, fuel saving payments and interest rate adjustments, are recognized when the contingent conditions have materialized.
Foreign currencies	Foreign currencies
Cash and cash equivalents	Cash and cash equivalents For the purposes of the consolidated statements of cash flows, all demand and time deposits and highly liquid, low risk investments with original maturities of three months or less are considered equivalent to cash.
Restricted cash	Restricted cash
Investment in debt and equity securities	Investment in debt and equity securities Investments in debt and equity securities include share investments and interest-earning listed and unlisted corporate bonds. Any premium paid on their acquisition is amortized over the life of the bond. Investments in debt securities are recorded at fair value, with unrealized gains and losses recorded as a separate component of other comprehensive income. Investments in equity securities are recorded at fair value, with unrealized gains and losses recorded in the consolidated statement of operations. If circumstances arise which lead the Company to believe that the issuer of a corporate bond may be unable to meet its payment obligations in full, or that the fair value at acquisition of the share investment or corporate bond may otherwise not be fully recoverable, then to the extent that a loss is expected to arise that unrealized loss is recorded as an impairment in the statement of operations, with an adjustment if necessary to any unrealized gains or losses previously recorded in other comprehensive income. In determining whether the Company has an other-than-temporary impairment in its investment in bonds, in addition to the Company’s intention and ability to hold the investments until the market recovers, the Company considers the period of decline, the amount and the severity of the decline and the ability of the investment to recover in the near to medium term. The Company also evaluates if the underlying security provided by the bonds is sufficient to ensure that the decline in fair value of these bonds did not result in an other-than-temporary impairment. The cost of disposals or reclassifications from other comprehensive income is calculated on an average cost basis, where applicable. The fair value of unlisted corporate bonds is determined from an analysis of projected cash flows, based on factors including the terms, provisions and other characteristics of the bonds, credit ratings and default risk of the issuing entity, the fundamental financial and other characteristics of that entity, and the current economic environment and trading activity in the debt market.
Investments in associated companies	Investments in associated companies
Allowance for expected credit losses	Allowance for expected credit losses The balances recorded in respect of T rade receivables, Other receivables, Related party receivables, Other long term assets and Investments in sales-type leases, direct financing leases and leaseback assets reflect the risk that our customers may fail to meet their payment obligations and the risk that the underlying asset value of the vessels and rigs could be less than the unguaranteed residual value. The Company estimates the expected risk of loss over the remaining life using a probability of default and net exposure analysis. The probability of default is estimated based on historical cumulative default data, adjusted for current conditions of similarly risk-rated counterparties over the contractual term. The net exposure is estimated based on the exposure, net of the estimated value of the underlying vessels and rigs in the instance of Investments in sales-type leases, direct financing leases and leaseback assets , over the contractual term. Current expected credit loss provisions are classified as expenses in the Consolidated Statement of Operations, with a corresponding allowance for credit loss amount reported as a reduction in the related balance sheet amount of Tr ade receivables, Other receivables, Related party receivables, Other long term assets and Investments in sales-type leases, direct financing leases and leaseback assets . Partial or full recoveries of amounts previously written off are generally recognized as a reduction in the provision for credit losses.
Trade accounts receivable	Trade accounts receivable
Inventories	Inventories Inventories are comprised principally of fuel and lubricating oils and are stated at the lower of cost and net realizable value. Cost is determined on a first-in first-out basis.
Vessels, rigs and equipment (including operating lease assets)	Vessels, rigs and equipment (including operating lease assets) Vessels, rigs and equipment are recorded at historical cost less accumulated depreciation and, if appropriate, impairment charges. The cost of these assets less estimated residual value is depreciated on a straight-line basis over the estimated remaining economic useful life of the asset. The estimated economic useful life of our offshore drilling rigs is 30 years and for all other vessels it is 25 years. Where an asset is subject to an operating lease that includes fixed price purchase options, the projected net book value of the asset is compared to the option price at the various option dates. If any option price is less than the projected net book value at an option date, the initial depreciation schedule is amended so that the carrying value of the asset is written down on a straight line basis to the option price at the option date. If the option is not exercised, this process is repeated so as to amortize the remaining carrying value, on a straight line basis, to the estimated recycling value or the option price at the next option date, as appropriate. This accounting policy for fixed assets has the effect that if an option is exercised there will be either a) no gain or loss on the sale of the asset or b) in the event that the option is exercised at a price in excess of the net book value at the option date, a gain will be reported in the statement of operations at the date of delivery to the new owners, under the heading "gain on sale of assets". The Company capitalizes and depreciates the costs of significant replacements, renewals and upgrades to its vessels and rigs over the shorter of the asset’s remaining useful life or the life of the renewal or upgrade. The amount capitalized is based on management’s judgment as to expenditures that extend the useful life of the asset or increase the operational efficiency of the asset. Costs that are not capitalized are recorded as a component of direct operating expenses during the period incurred. Expenses for routine maintenance and repairs are expensed as incurred. Advances paid in respect of upgrades in relation to Exhaust Gas Cleaning Systems ("EGCS" or "scrubbers") and Ballast water treatment systems ("BWTS") are included within "Capital improvements, newbuildings and vessel purchase deposits,", until such time as the equipment is installed on a vessel or a rig, at which point it is transferred to "Vessels, rigs and equipment, net". Office equipment is depreciated at 20% per annum on a reducing balance basis.
Drydocking provisions for vessels	Drydocking provisions for vessels Normal vessel repair and maintenance costs are charged to expense when incurred. The Company recognizes the cost of a drydocking at the time the drydocking takes place, that is, it applies the "expense as incurred" method.
Special Periodic Survey ("SPS") for rigs	Special Periodic Survey ("SPS") for rigs Costs related to periodic overhauls of drilling rigs are capitalized and amortized over the anticipated period between overhauls, which is generally five years. Related costs are primarily yard costs and the cost of employees directly involved in the work. We include amortization costs for periodic overhauls in depreciation expense. Costs related to repair and maintenance activities are included in rig operating expenses and are expensed as incurred.
Vessels and equipment under finance lease	Vessels and equipment under finance lease The Company charters-in certain vessels and equipment under leasing agreements. Leases of vessels and equipment, where the Company has substantially all the risks and rewards of ownership, are classified as "vessels under finance lease", with corresponding lease liabilities recorded. The Company capitalizes and depreciates the costs of significant replacements, renewals and upgrades to its vessels over the shorter of the vessel’s remaining useful life or the life of the renewal or upgrade. The amount capitalized is based on management’s judgment as to expenditures that extend a vessel’s useful life or increase the operational efficiency of a vessel. Costs that are not capitalized are recorded as a component of direct vessel operating expenses during the period incurred. Expenses for routine maintenance and repairs are expensed as incurred. Advances paid in respect of vessel upgrades in relation to EGCS and BWTS are included within "Capital improvements, newbuildings and vessel purchase deposits", until such time as the equipment is installed on a vessel, at which point it is transferred to "Vessels under finance lease, net". Depreciation of vessels and equipment under finance lease is included within "Depreciation" in the consolidated statement of operations. Vessels and equipment under finance lease are depreciated on a straight-line basis over the vessels' remaining economic useful lives or on a straight-line basis over the term of the lease. The method applied is determined by the criteria by which the lease has been assessed to be a finance lease.
Newbuildings	Newbuildings The carrying value of vessels under construction ("newbuildings") represents the accumulated costs to the balance sheet date which the Company has paid by way of purchase installments and other capital expenditures together with capitalized loan interest and associated finance costs. No charge for depreciation is made until a newbuilding is put into operation.
Capitalized interest	Capitalized interest
Investment in sales-type lease and direct financing leases	Investment in sales-type leases and direct financing leases Leases (charters) of our vessels where we are the lessor are classified as either direct financing, sales-type leases, operating leases, or leaseback assets based on an assessment of the terms of the lease. For charters classified as direct financing leases, the minimum lease payments (reduced in the case of time chartered vessels by projected vessel operating costs) plus the estimated residual value of the vessel are recorded as the gross investment in the direct financing lease. For direct financing leases, the difference between the gross investment in the lease and the carrying value of the vessel is recorded as unearned lease interest income. The net investment in the lease consists of the gross investment less the unearned income. Over the period of the lease each charter payment received, net of vessel operating costs if applicable, is allocated between "lease interest income" and "repayment of investment in lease" in such a way as to produce a constant percentage rate of return on the balance of the net investment in the direct financing lease. Thus, as the balance of the net investment in each direct financing lease decreases, a lower proportion of each lease payment received is allocated to lease interest income and a greater proportion is allocated to lease repayment. For direct financing leases relating to time chartered vessels, the portion of each time charter payment received that relates to vessel operating costs is classified as "service revenue - direct financing leases". For sales-type leases, the difference between the gross investment in the lease and the present value of its components, i.e. the minimum lease payments and the estimated residual value, is recorded as unearned lease interest income. The discount rate used in determining the present values is the interest rate implicit in the lease. The present value of the minimum lease payments, computed using the interest rate implicit in the lease, is recorded as the sales price, from which the carrying value of the vessel at the commencement of the lease is deducted in order to determine the profit or loss on sale. As is the case for direct financing leases, the unearned lease interest income is amortized to income over the period of the lease so as to produce a constant periodic rate of return on the net investment in the lease. The difference between the fair value of the leased asset and the costs results in a selling profit or loss. A selling profit is recognized at lease commencement for sales-type leases and over the lease term for direct financing leases. Selling loss is recognized at lease commencement for both sales-type and direct financing leases. The fair value is considered to be the cost of acquiring the vessel unless a significant period has elapsed between the acquisition of the vessel and the commencement of the lease. Where a sales-type lease, direct financing lease or leaseback asset charter arrangement containing fixed price purchase options, the projected carrying value of the net investment in the lease is compared to the option price at the various option dates. If any option price is less than the projected net investment in the lease at an option date, the rate of amortization of unearned lease interest income is adjusted to reduce the net investment to the option price at the option date. If the option is not exercised, this process is repeated so as to reduce the net investment in the lease to the un-guaranteed residual value or the option price at the next option date, as appropriate. This accounting policy for investments in direct financing or sales-type leases or leaseback assets has the effect that if an option is exercised there will either be a) no gain or loss on the exercise of the option or b) in the event that an option is exercised at a price in excess of the net investment in the lease at the option date, a gain will be reported in the statement of operations at the date of delivery to the new owners.
Leaseback assets	Leaseback assets Any vessels purchased and leased back to the same party are evaluated under sale and leaseback accounting guidance contained in ASC 842 to determine whether it is appropriate to account for the transaction as a purchase of an asset. If control is deemed not to have passed to the Company as purchaser, due for example to the lessee having purchase options, the transaction is accounted for under ASC 310 where the purchase price paid is accounted for as loan receivable and described as a "leaseback asset". Interest income is recognized on the aggregate loan receivable based on the imputed interest rate and the part of the rental income received is allocated as a reduction of the vessel loan balance.
Finance lease liability and Lease debt financing	Finance lease liability and Lease debt financing Similar to the Leaseback assets above, any vessels sold and leased back from the same party are also evaluated under sale and leaseback accounting guidance contained in ASC 842 to determine whether it is appropriate to account for the transaction as a sale of an asset. If control is deemed not to have passed to the buyer, it is deemed as "a failed sale and leaseback transaction" and the Company accounts for the transaction as a financing arrangement and describes this as "lease debt financing". The Company does not derecognize the underlying vessel and continue to depreciate the asset. The sales proceeds received from the buyer-lessor are recorded as a financial liability. Charter hires paid by the Company to the buyer-lessor are allocated between interest expense and principal repayment of the financial liability.
Impairment of long-lived assets, including other long-term investments	Impairment of long-lived assets, including other long-term investments The carrying value of long-lived assets, including other long-term investments, that are held by the Company are reviewed whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company assesses recoverability of the carrying value of the asset by estimating the future net cash flows expected to result from the asset, including eventual disposition, taking into account the possibility of any existing medium and long-term charter arrangements being terminated early. If the future expected net cash flows are less than the carrying value of the asset, an impairment loss is recorded equal to the difference between the carrying value of the asset and its fair value. In addition, long-lived assets to be disposed of are reported at the lower of carrying amount and fair value less estimated costs to sell. Fair value is generally based on values achieved for the sale/purchase of similar vessels and external appraisals.
Deferred charges	Deferred charges Loan costs, including debt arrangement fees, are capitalized and amortized on a straight line basis over the term of the relevant loan. The straight line basis of amortization approximates the effective interest method in the Company's statement of operations. Amortization of loan costs is included in interest expense. If a loan is repaid early, any unamortized portion of the related deferred charges is charged against income in the period in which the loan is repaid. Similarly, if a portion of a loan is repaid early, the corresponding portion of the unamortized related deferred charges is charged against income in the period in which the early repayment is made.
Convertible bonds	Convertible bonds Through December 31, 2021, the Company separately accounted for the liability and equity components of the Convertible Notes at issuance. The debt issuance costs related to the issuance of the Convertible Notes were also previously allocated to the liability and equity components based on their relative values. With the adoption of ASU 2020-06, from January 1, 2022, amounts for convertible notes, including debt issuance costs, that were previously classified within equity are now reclassified to the liability component, net of any remaining unamortized amounts. Debt issuance costs are amortized to interest expense, on a straight-line basis, over the term of the relevant convertible notes.
Financial instruments	Financial instruments In determining the fair value of its financial instruments, the Company uses a variety of methods and assumptions that are based on market conditions and risks existing at each balance sheet date. For the majority of financial instruments, including most derivatives and long-term debt, standard market conventions and techniques such as options pricing models are used to determine fair value. All methods of assessing fair value result in a general approximation of value, and such value may never actually be realized. Interest rate and currency swaps The Company enters into interest rate swap transactions from time to time to hedge a portion of its exposure to floating interest rates. These transactions involve the conversion of floating interest rates into fixed rates over the life of the transactions without an exchange of underlying principal. The Company also enters into currency swap transactions from time to time to hedge against the effects of exchange rate fluctuations on loan liabilities. Currency swap transactions involve the exchange of fixed amounts of other currencies for fixed U.S. dollar amounts over the life of the transactions, including an exchange of underlying principal. The Company may also enter into a combination of interest and currency swaps "cross currency interest rate swaps". The fair values of the interest rate and currency swap contracts, including cross currency interest rate swaps, are recognized as assets or liabilities. When the interest rate or currency swap does not qualify for hedge accounting under ASC Topic 815 "Derivatives and Hedging" ("ASC 815"), changes in fair values are recognized in the consolidated statements of operations. When the interest rate and/or currency swap or combination, qualifies for hedge accounting under ASC Topic 815 "Derivatives and Hedging" ("ASC 815"), and the Company has formally designated the swap as a hedge to the underlying loan, and when the hedge is effective, the changes in the fair value of the swap are recognized in other comprehensive income. If it becomes probable that the hedged forecasted transaction to which these swaps relate will not occur, the amounts in other comprehensive income will be reclassified into earnings immediately.
Earnings per share	Earnings per share Basic earnings per share ("EPS") is computed based on the income available to common stockholders and the weighted average number of shares outstanding for basic EPS. Diluted EPS includes the effect of the assumed conversion of potentially dilutive instruments.
Share-based compensation	Share-based compensation The Company accounts for share-based payments in accordance with ASC Topic 718 "Compensation – Stock Compensation" ("ASC 718"), under which the fair value of stock options issued to employees is expensed over the period in which the options vest. The Company uses the simplified method for making estimates of the expected term of stock options.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In March 2020, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04"). Accounting Standards Codification (“ASC”) 848 provided temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to reduce the financial reporting burden in light of the market transition from London Interbank Offered Rates (“LIBOR”) and other reference interest rates to alternative reference rates. Under ASC 848, companies can elect not to apply certain modification accounting requirements to contracts affected by reference rate reform if certain criteria are met. An entity that makes this election would not be required to remeasure the contracts at the modification date or reassess a previous accounting determination. The amendments of ASC 848 apply only to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope ("ASU 2021-01"), which clarified the scope of Topic 848 in relation to derivative instruments and contract modifications. The amendments in these updates are elective and are subject to meeting certain criteria, that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 ("ASU 2022-06"). The amendments in this ASU extend the period of time preparers can utilize the reference rate reform relief guidance in Topic 848. To ensure the relief in Topic 848 covers the period of time during which a significant number of modifications may take place, the ASU defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. During the year ended December 31, 2023, some of the floating rate debt facilities and interest rate swaps contracts of the Company were amended to transition from LIBOR as a benchmark rate to Secured Overnight Financing Rate (“SOFR”). The Company has applied the practical expedients and exceptions provided by the ASUs above in order to preserve the presentation of derivatives consistent with past presentation and as of the year ended December 31, 2023, the Company has not recorded any material impact on the Company's consolidated financial statements as a result of these amendments.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Components of calculation of earnings per share	The components of the numerator for the calculation of basic and diluted EPS are as follows: Year ended December 31, (in thousands of $) 2023 2022 2021 Basic earnings per share: Net income available to stockholders 83,937 202,768 164,343 Diluted earnings per share: Net income available to stockholders 83,937 202,768 164,343 Interest and other expenses attributable to convertible notes — 7,501 16,166 Net income assuming dilution 83,937 210,269 180,509 The components of the denominator for the calculation of basic and diluted EPS are as follows: Year ended December 31, (in thousands) 2023 2022 2021 Basic earnings per share: Weighted average number of common shares outstanding* 126,249 126,789 122,141 Diluted earnings per share: Weighted average number of common shares outstanding* 126,249 126,789 122,141 Effect of dilutive share options 335 112 — Effect of dilutive convertible notes — 10,476 17,242 Weighted average number of common shares outstanding assuming dilution 126,584 137,377 139,383 Year ended December 31, 2023 2022 2021 Basic earnings per share: $ 0.67 $ 1.60 $ 1.35 Diluted earnings per share: $ 0.66 $ 1.53 $ 1.30 *The weighted average number of common shares outstanding excludes 8,000,000 shares issued as part of a share lending arrangement relating to the Company's issuance of 5.75% senior unsecured convertible bonds in October 2016 and 3,765,842 shares issued as part of a share lending arrangement relating to the Company's issuance of 4.875% senior unsecured convertible bonds in April and May 2018. The Company entered into a general share lending agreement with another counterparty and after the maturity of the bonds, 8,000,000 and 3,765,142 shares, respectively, from each issuance under the two initial share lending arrangements described above were transferred into such counterparty's custody. The remaining 700 shares are held with the Company's transfer agent. Accordingly, the total 11,765,842 of shares which had been issued under these arrangements, are not included in the weighted average number of common shares outstanding as of December 31, 2023, 2022 and 2021. The weighted average number of common shares outstanding also excludes 1,095,095 shares repurchased by the Company under its Share Repurchase Program during the year ended December 31, 2023. (See also Note 23: Share Capital, Additional Paid-In Capital and Contributed Surplus).

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Minimum future revenue to be received under non-cancelable operating leases	The minimum future revenues to be received under the Company's non-cancelable operating leases on its vessels as of December 31, 2023, are as follows: Year ending December 31, (in thousands of $) 2024 521,445 2025 397,284 2026 389,385 2027 273,138 2028 215,273 Thereafter 153,815 Total minimum lease revenues 1,950,340
Cost and accumulated depreciation of vessels leased to third parties on non-cancellable operating leases	The cost and accumulated depreciation of vessels (owned and under finance leases) leased to third parties on non-cancelable operating leases as of December 31, 2023 and 2022 were as follows: (in thousands of $) 2023 2022 Cost 3,258,451 3,062,551 Accumulated depreciation (808,414) (614,698) Total 2,450,037 2,447,853

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue From Contracts With Customers	The following table provides information about receivables, contract assets and contract liabilities from contracts with customers: (in thousands of $) 2023 2022 Trade accounts receivable from contracts with customers, net (1) 28,970 10,209 Contract assets, current (2) 3,938 10,102 Contract liabilities, current (2) (5,320) (1,585) (1) Trade accounts receivable from contracts with customers, net, relate to receivables from drilling contracts, voyage charter receivables and demurrage receivables, net of allowance for expected credit losses. The expected credit losses relating to trade accounts receivable from contracts with customers was $15.0 thousand as of December 31, 2023 (December 31, 2022: $0.3 million). (See also Note 12: Trade Accounts Receivable and Other Receivables and Note 27: Allowance for Expected Credit Losses). (2) Contract assets, current, and contract liabilities, current are included in "Prepaid expenses and accrued income" and "Other current liabilities", respectively, in the Consolidated Balance Sheets. Significant changes in the contract assets and the contract liabilities balances during the year ended December 31, 2023, are as follows: (in thousands of $) Contract Assets Contract Liabilities Net Contract Balances Net contract asset/(liability), beginning of the year 10,102 (1,585) 8,517 Amortization of contract assets and contract liabilities from contracts at the beginning of the year (10,102) 1,585 (8,517) Cash (received)/paid, excluding amounts recognized in the income statement 3,938 (5,320) (1,382) Net contract asset/(liability), at the end of the year 3,938 (5,320) (1,382) Significant changes in the contract assets and the contract liabilities balances during the year ended December 31, 2022, are as follows: (in thousands of $) Contract Assets Contract Liabilities Net Contract Balances Net contract asset/(liability), beginning of the year 1,958 (115) 1,843 Amortization of contract assets and contract liabilities from contracts at the beginning of the year (1,958) 115 (1,843) Cash (received)/paid, excluding amounts recognized in the income statement 10,102 (1,585) 8,517 Net contract asset/(liability), at the end of the year 10,102 (1,585) 8,517

GAIN ON SALE OF ASSETS AND TE_2

GAIN ON SALE OF ASSETS AND TERMINATION OF CHARTERS (Tables)	12 Months Ended
	Dec. 31, 2023
Component of Operating Income [Abstract]
Gains on sale of assets	The Company has recorded gains on sale of assets as follows: Year ended December 31, (in thousands of $) 2023 2022 2021 Gain on sale of vessels and rig 18,670 13,228 39,405

OTHER FINANCIAL ITEMS, NET (Tab

OTHER FINANCIAL ITEMS, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Other Income and Expenses [Abstract]
Other financial items	Other financial items comprise the following items: Year ended December 31, (in thousands of $) 2023 2022 2021 Net payments on non-designated derivatives relating to interest rate swaps 5,270 (341) (6,707) Net payments on non-designated derivatives relating to cross currency swaps (3) (7) (8) Total net cash movement on non-designated derivatives and swap settlements 5,267 (348) (6,715) Net (decrease)/increase in mark-to-market valuation of non-designated derivatives relating to interest rate swaps (2,926) 17,202 11,607 Net (decrease)/increase in mark-to-market valuation of non-designated derivatives relating to cross currency swaps (5,012) (60) (16) Net (decrease)/increase in mark-to-market valuation of non-designated derivatives relating to commodity swaps (437) — — Total net movement in fair value of non-designated derivatives (8,375) 17,142 11,591 Allowance for expected credit losses 458 522 722 Other items 1,458 (1,788) 1,085 Total other financial items, net (1,192) 15,528 6,683

INVESTMENTS IN DEBT AND EQUIT_2

INVESTMENTS IN DEBT AND EQUITY SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of debt and equity securities	Marketable securities held by the Company consist of corporate bonds and equity securities. (in thousands of $) 2023 2022 Corporate Bonds Balance at start of the year — 9,680 Disposals during the year — (14,239) Unrealized loss recorded in other comprehensive income — (631) Realized gain* — 5,190 Balance at end of the year — — 2023 2022 Equity Securities Balance at start of the year 7,283 11,530 Disposals during the year — (17,422) Unrealized (loss)/gain* (1,912) 8,389 Realized gain* — 4,592 Foreign currency translation (loss)/gain (267) 194 Balance at the end of year 5,104 7,283 Total Investment in Debt and Equity Securities 5,104 7,283 *Balances included in "Gain/(loss) on investments in debt and equity securities" in the Consolidated Statements of Operations. Changes in the fair value of equity investments are recognized in net income. (in thousands of $) 2023 2022 NorAm Drilling 5,104 7,283 Frontline — — ADS Maritime Holding (formally ADS Crude Carriers) — — Total 5,104 7,283

VESSELS, RIGS AND EQUIPMENT, _2

VESSELS, RIGS AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property, plant and equipment	Movements in the year ended December 31, 2023 summarized as follows: (in thousands of $) Cost Accumulated Depreciation Vessels, Rigs and Equipment, net Balance as of December 31, 2022 3,345,233 (698,844) 2,646,389 Depreciation — (172,753) (172,753) Vessel additions 158,405 — 158,405 Capital improvements 117,815 — 117,815 Vessel disposals (126,546) 38,812 (87,734) Impairment loss (40,714) 33,325 (7,389) Balance as of December 31, 2023 3,454,193 (799,460) 2,654,733

CAPITAL IMPROVEMENTS IN PROGR_2

CAPITAL IMPROVEMENTS IN PROGRESS AND NEWBUILDINGS (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Capital Improvements and Newbuildings	(in thousands of $) 2023 2022 Capital improvements in progress 2,194 4,127 Newbuildings 83,864 93,733 86,058 97,860

VESSELS UNDER FINANCE LEASE, _2

VESSELS UNDER FINANCE LEASE, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of vessels under finance lease	Movements in the year ended December 31, 2023 summarized as follows: (in thousands of $) Cost Accumulated Depreciation Vessels under Finance Lease, net Balance as of December 31, 2022 777,939 (163,176) 614,763 Depreciation — (41,309) (41,309) Balance as of December 31, 2023 777,939 (204,485) 573,454

OTHER LONG TERM ASSETS (Tables)

OTHER LONG TERM ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other long-term assets	Other long term assets comprise the following items: (in thousands of $) 2023 2022 Collateral deposits on swap agreements 7,090 8,770 Value of acquired charter-out contracts, net 1,815 4,712 Total other long-term assets 8,905 13,482

INVESTMENTS IN SALES-TYPE LEA_2

INVESTMENTS IN SALES-TYPE LEASES, DIRECT FINANCING LEASES AND LEASEBACK ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
Net Investment in Direct Financing and Sales Type Leases [Abstract]
Schedule of sales-type leases, direct financing leases, and leaseback assets	(in thousands of $) 2023 2022 Investments in sales-type and direct financing leases 55,739 66,504 Investments in leaseback assets — 52,519 55,739 119,023 The following lists the components of investments in sales-type leases, direct financing leases and leaseback assets as of December 31, 2023 and December 31, 2022: (in thousands of $) December 31, 2023 Sales-Type Leases and Direct Financing Leases Leaseback Assets Total Total minimum lease payments to be received 16,020 — 16,020 Purchase obligations at the end of the leases 43,150 — 43,150 Net minimum lease payments receivable 59,170 — 59,170 Less : unearned income (3,358) — (3,358) Total investment in sales-type lease, direct financing lease and leaseback assets 55,812 — 55,812 Allowance for expected credit losses* (73) — (73) Total investment in sales-type lease, direct financing lease and leaseback assets 55,739 — 55,739 Current portion 20,640 — 20,640 Long-term portion 35,099 — 35,099 (in thousands of $) December 31, 2022 Sales-Type Leases and Direct Financing Leases Leaseback Assets Total Total minimum lease payments to be received 30,708 34,160 64,868 Purchase obligations at the end of the leases 43,150 31,500 74,650 Net minimum lease payments receivable 73,858 65,660 139,518 Less : unearned income (7,252) (13,051) (20,303) Total investment in sales-type lease, direct financing lease and leaseback assets 66,606 52,609 119,215 Allowance for expected credit losses* (102) (90) (192) Total investment in sales-type lease, direct financing lease and leaseback assets 66,504 52,519 119,023 Current portion 10,794 4,638 15,432 Long-term portion 55,710 47,881 103,591 *See Note 27: Allowance for Expected Credit Losses.
Schedule of minimum future gross revenues to be received under non-cancellable direct financing, sales-type leases, and leaseback assets	The minimum future gross revenues including purchase obligations to be received under the Company's non-cancellable sales type leases, direct financing leases and leaseback assets as of December 31, 2023, are as follows: (in thousands of $) Year ending December 31, Sales-Type Leases and Direct Financing Leases Leaseback Assets Total 2024 23,079 — 23,079 2025 36,091 — 36,091 Total minimum lease payments to be received 59,170 — 59,170
Schedule of interest income earned on investments in direct financing leases, sales type leases and leaseback assets	Interest income earned on investments in direct financing leases, sales type leases and leaseback assets in the year ended December 31, 2023 was as follows: (in thousands of $) 2023 2022 2021 Investments in sales type and direct financing leases* 3,894 5,021 14,173 Investments in leaseback assets 2,298 3,895 5,351 Total 6,192 8,916 19,524 * Interest income earned on investments in sales-type leases and direct financing leases in the above table includes $0.0 million in relation to Frontline Shipping, a related party (December 31, 2022: $0.4 million; December 31, 2021: $1.5 million).

INVESTMENT IN ASSOCIATED COMP_2

INVESTMENT IN ASSOCIATED COMPANIES (Tables)	12 Months Ended
	Dec. 31, 2023
Variable Interest Entity, Not Primary Beneficiary, Disclosures [Abstract]
Percentage participation using the equity method of accounting	As of December 31, 2023, 2022 and 2021, the Company had the following participation in investments that are recorded using the equity method: 2023 2022 2021 River Box Holding Inc. 49.90 % 49.90 % 49.90 % SFL Hercules Ltd * * *
Summarized financial statement information of equity method investees	Summarized balance sheet information of the Company's equity method investees is as follows: River Box (in thousands of $) 2023 2022 Share presented 49.90 % 49.90 % Current assets 16,371 15,186 Non-current assets 220,816 234,572 Total assets 237,187 249,758 Current liabilities 15,173 14,267 Non-current liabilities (1) 205,541 218,944 Total liabilities 220,714 233,211 Total stockholders' equity (2) 16,473 16,547 (1) River Box non-current liabilities as of December 31, 2023, include $45.0 million due to SFL (December 31, 2022: $45.0 million). (See Note 25: Related Party Transactions). (2) In the year ended December 31, 2023, River Box paid a dividend of $2.9 million to the Company (December 31, 2022: $2.9 million). Summarized statement of operations information of the Company's equity method investees is shown below. River Box Year ended December 31, (in thousands of $) 2023 2022 Operating revenues 18,358 19,269 Net operating revenues 18,339 19,248 Net income (3) 2,848 2,833 Year ended December 31, 2021 (in thousands of $) River Box SFL Hercules TOTAL Operating revenues 20,115 13,753 33,868 Net operating revenues 20,094 6,558 26,652 Net income (3) 3,267 927 4,194 (3) The net income of River Box for the years ended December 31, 2023 and December 31, 2022, includes interest payable to SFL amounting to $4.6 million and $4.6 million, respectively. The net income of River Box and SFL Hercules for 2021 includes interest payable to SFL amounting to $4.6 million and $2.4 million, respectively. (See Note 25: Related Party Transactions).
Movement in allowance for expected credit losses	Movements in the year ended December 31, 2023, in the allowance for expected credit losses can be summarized as follows: As of December 31, 2023 (in thousands of $) River Box Share presented 49.90 % Balance as of December 31, 2022 378 Allowance recorded in net income of associated company (70) Balance as of December 31, 2023 308

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2023
Accrued Liabilities [Abstract]
Schedule of accrued liabilities	(in thousands of $) 2023 2022 Vessel operating expenses 25,553 17,315 Administrative expenses 2,570 1,650 Interest expense 11,064 8,233 39,187 27,198

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Schedule of other current liabilities	(in thousands of $) 2023 2022 Deferred and prepaid charter revenue 31,961 27,196 Employee taxes 33 45 Other items 240 563 32,234 27,804

SHORT-TERM AND LONG-TERM DEBT (

SHORT-TERM AND LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2023
Long-Term Debt, by Current and Noncurrent [Abstract]
Schedule of long-term debt	(in thousands of $) 2023 2022 Long-term debt: 4.875% senior unsecured convertible bonds due 2023 — 137,900 NOK700 million senior unsecured floating rate bonds due 2023 — 71,243 NOK700 million senior unsecured floating rate bonds due 2024 68,426 70,734 NOK600 million senior unsecured floating rate bonds due 2025 58,089 60,048 7.25% senior unsecured sustainability-linked bonds due 2026 150,000 150,000 U.S. dollar denominated fixed rate debt due 2026 148,875 — 8.875% senior unsecured sustainability-linked bonds due 2027 150,000 — Lease debt financing due through 2033 573,456 394,555 U.S. dollar denominated floating rate debt due through 2029 1,014,842 1,329,156 Total debt principal 2,163,688 2,213,636 Less : unamortized debt issuance costs (16,942) (12,580) Less : current portion of long-term debt (432,918) (921,270) Total long-term debt 1,713,828 1,279,786
Schedule of maturities of debt	The outstanding debt as of December 31, 2023, is repayable as follows: Year ending December 31, (in thousands of $) 2024 432,918 2025 686,855 2026 400,630 2027 355,787 2028 61,723 Thereafter 225,775 Total debt principal 2,163,688
Schedule of interest rate information	Interest rate information December 31, 2023 December 31, 2022 Weighted average interest rate on floating rate debt* 6.49 % 5.30 % Weighted average interest rate on lease debt financing 5.41 % 4.44 % Weighted average interest rate on fixed rate debt 8.46 % 6.11 % U.S. Dollar London Interbank Offered Rate ("LIBOR"), 3-Month, closing rate** 5.59 % 4.77 % Secured Overnight Financing Rate ("SOFR"), closing rate 5.38 % 4.30 % Effective Federal Funds Rate ("EFFR"), closing rate 5.33 % 4.33 % Norwegian Interbank Offered Rate ("NIBOR") 4.73 % 3.26 % *The weighted average interest rate is for floating rate debt denominated in U.S. dollars and Norwegian kroner (“NOK”) which takes into consideration the effect of related interest rate and cross currency swaps. ** LIBOR using panel bank contributions are no longer published after June 30, 2023. With effect from July 1, 2023, these settings are now published under an unrepresentative synthetic methodology and are expected to cease on September 30, 2024.

FINANCE LEASE LIABILITY (Tables

FINANCE LEASE LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Schedule of finance leases	(in thousands of $) 2023 2022 Finance lease liability, current portion 419,341 53,655 Finance lease liability, long-term portion — 419,341 419,341 472,996
Schedule of finance leases by maturity	The Company's future minimum lease liability under the non-cancellable finance leases are as follows: Year ending December 31, (in thousands of $) 2024 433,866 Thereafter — Total finance lease liability 433,866 Less: imputed interest payable (14,525) Present value of finance lease liability 419,341 Less: current portion (419,341) Finance lease liability, long-term portion —

SHARE CAPITAL, ADDITIONAL PAI_2

SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL AND CONTRIBUTED SURPLUS (Tables)	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Schedule of share capital	Authorized share capital is as follows: (in thousands of $, except share data) 2023 2022 300,000,000 common shares of $0.01 par value each (December 31, 2022: 300,000,000 common shares of $0.01 par value each) 3,000 3,000 Issued and fully paid share capital is as follows: (in thousands of $, except share data) 2023 2022 138,562,173 common shares of $0.01 par value each (December 31, 2022: 138,562,173 common shares of $0.01 par value each) 1,386 1,386

SHARE OPTION PLAN (Tables)

SHARE OPTION PLAN (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Summary of share option transactions	The following summarizes share option transactions related to the Option Scheme in 2023, 2022 and 2021: 2023 2022 2021 Options Weighted average exercise price $ Options Weighted average exercise price $ Options Weighted average exercise price $ Options outstanding at beginning of year 1,783,000 8.55 1,433,500 9.65 1,082,500 10.56 Granted 440,000 10.34 435,000 8.73 480,000 8.79 Exercised — — (85,500) 8.87 (129,000) 7.48 Expired (68,000) 9.47 — — — — Options outstanding at end of year 2,155,000 7.91 1,783,000 8.55 1,433,500 9.65 Exercisable at end of year 1,265,000 7.83 919,667 9.00 578,500 10.02

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Amounts due from and to related parties, excluding direct financing lease balances	The Consolidated Balance Sheets include the following amounts due from and to related parties and associated companies, excluding investment in direct financing lease balances. (Refer to Note 17: Investments in Sales-Type Leases, Direct Financing Leases and Leaseback Assets). (in thousands of $) 2023 2022 Amounts due from: Frontline 2,907 3,854 Golden Ocean — 374 Seatankers 411 — Sloane Square Capital 201 183 NorAm Drilling 24 — River Box 11 10 Other related parties 2 1 Allowance for expected credit losses* (24) (30) Total amount due from related parties 3,532 4,392 Loans to related parties - associated companies, long-term River Box 45,000 45,000 Total loans to related parties - associated companies, long-term 45,000 45,000 Amounts due to: Frontline Shipping 2,813 1,788 Frontline — 2 Golden Ocean 57 141 Other related parties 20 5 Total amount due to related parties 2,890 1,936 *See Note 3: Recently Issued Accounting Standards and Note 27: Allowance for Expected Credit Losses.
Summary of leasing revenues and repayments earned from related parties	A summary of leasing revenues and repayments from Frontline Shipping, Golden Ocean and Seadrill is as follows: (in millions of $) 2023 2022 2021 Golden Ocean: Operating lease income 54.6 52.3 50.5 Profit share — 3.0 9.8 Frontline Shipping: Direct financing lease interest income — 0.4 1.5 Direct financing lease service revenue — 1.7 6.6 Direct financing lease repayments — 1.8 6.3 Profit share — — 0.3 Seadrill: Direct financing lease interest income — — 3.7 Direct financing lease repayments — — 2.7 Operating lease income — 17.8 28.9
Schedule of related party transactions	Year ended December 31, (in thousands of $) 2023 2022 2021 Frontline: Vessel Management Fees 2,296 3,679 7,794 Newbuilding Supervision Fees 1,514 1,030 132 Commissions and Brokerage 403 498 260 Administration Services Fees 11 7 159 Golden Ocean: Vessel Management Fees 20,440 20,440 20,440 Operating Management Fees — 22 389 Administration Services Fees — — 56 Seatankers: Administration Services Fees* 304 428 226 Front Ocean: Administration Services Fees 597 483 23 Office Facilities and other shared costs: Seatankers Management Norway AS (10) 106 112 Front Ocean Management AS 310 — — Frontline Management AS — 341 252 Frontline Corporate Services Ltd. 163 93 187 Frontline Shipping Singapore Pte Ltd. — — 19 Frontline Management (Bermuda) Limited 14 — — Golden Ocean Shipping Co Pte. Ltd. 79 80 — NorAm Drilling AS (13) — — Flex LNG Management Ltd — 3 — * During the year ended December 31, 2021, a credit note of $0.3 million was received in relation to 2020 fees paid. Dividends and interest income received from shares held in and secured notes issued by related parties: Year ended December 31, (in thousands of $) 2023 2022 2021 Dividends received NorAm Drilling 1,246 128 — Interest income received NorAm Drilling — 463 443
Interest income on related party loans	Interest income received on the loans to associated companies is as follows: Year ended December 31, (in millions of $) 2023 2022 2021 River Box 4.6 4.6 4.6 SFL Hercules — — 2.4

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair values of derivative instruments designated and not designated as cash flow hedges	The following tables present the fair values of the Company's derivative instruments that were designated as cash flow hedges and qualified as part of a hedging relationship, and those that were not designated: (in thousands of $) 2023 2022 Designated derivative instruments -short-term assets: Interest rate swaps 4,333 1,229 Non-designated derivative instruments -short-term assets: Interest rate swaps 284 707 Total derivative instruments -short-term assets 4,617 1,936 Designated derivative instruments -long-term assets: Interest rate swaps 2,357 12,963 Non-designated derivative instruments -long-term assets: Interest rate swaps 11,251 13,753 Total derivative instruments - long-term assets 13,608 26,716 (in thousands of $) 2023 2022 Designated derivative instruments -short-term liabilities: Cross currency interest rate swaps — 2,260 Cross currency swaps 11,845 14,601 Non-designated derivative instruments -short-term liabilities: Cross currency swaps 85 — Commodity swaps 436 — Total derivative instruments - short-term liabilities 12,366 16,861 Designated derivative instruments -long-term liabilities: Cross currency interest rate swaps — 4,054 Cross currency swaps 8,965 10,233 Non-designated derivative instruments -long-term liabilities: Cross currency swaps — 70 Total derivative instruments - long-term liabilities 8,965 14,357
Schedule of swaps related to interest rate risk management	The summary below includes all interest rate swap transactions, involving the payment of fixed rates, in exchange for SOFR plus applicable credit adjustment spreads, most of which are hedges against specific loans. The fixed interest rate below includes the impact of credit adjustment spreads. Notional Principal (in thousands of $) Trade date Maturity date Fixed interest rate $30,000 (remaining at $30,000) May 2019 June 2024 1.9% * $48,332 (remaining at $48,332) May 2019 March 2024 1.8% * $100,000 (remaining at $100,000) August 2019 August 2029 1.2% - 1.3% $67,500 (remaining at $67,500) January 2020 October 2024 1.1% * $108,735 (reducing to $92,233) April 2020 January 2025 0.2% The summary below includes all currency swap transactions, involving the payment of SOFR plus a margin in U.S. dollars in exchange for NIBOR plus a margin in Norwegian kroner, most of which are hedges against specific loans. Notional Principal (in thousands of $) Trade date Maturity date Margin on SOFR leg (payable) Margin on NIBOR leg (receivable) NOK700 million May 2019 June 2024 5.0% - 5.1% 4.6% * NOK600 million January 2020 January 2025 4.8% 4.4% *
Schedule of swaps related to foreign currency risk management	Principal Receivable Principal Payable Trade date Maturity date NOK700 million US$80.5 million May 2019 June 2024 NOK600 million US$67.5 million January 2020 January 2025
Schedule of carrying value and estimated fair value of financial assets and liabilities	The carrying value and estimated fair value of the Company's financial assets and liabilities as of December 31, 2023, and 2022, are as follows: 2023 2023 2022 2022 (in thousands of $) Carrying value Fair value Carrying value Fair value Non-derivatives: Equity Securities 5,104 5,104 7,283 7,283 NOK700 million senior unsecured floating rate bonds due 2023 — — 71,243 71,421 NOK700 million senior unsecured floating rate bonds due 2024 68,426 68,919 70,734 70,734 NOK600 million senior unsecured floating rate bonds due 2025 58,089 59,181 60,048 60,348 4.875% senior unsecured convertible bonds due 2023 — — 137,900 137,211 7.25% senior unsecured sustainability linked bonds due 2026 150,000 146,310 150,000 144,188 8.875% senior unsecured sustainability linked bonds due 2027 150,000 152,820 — — Derivatives: Interest rate/ currency/ commodity swap contracts – short-term receivables 4,617 4,617 1,936 1,936 Interest rate/ currency/ commodity swap contracts – long-term receivables 13,608 13,608 26,716 26,716 Interest rate/ currency/ commodity swap contracts – short-term payables 12,366 12,366 16,861 16,861 Interest rate/ currency swap/ commodity contracts – long-term payables 8,965 8,965 14,357 14,357
Schedule of financial assets and liabilities measured at fair value on a recurring basis	The above fair values of financial assets and liabilities as of December 31, 2023, are measured as follows: Fair value measurements using December 31, 2023 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands of $) (Level 1) (Level 2) (Level 3) Assets: Equity securities 5,104 5,104 Interest rate/ currency/ commodity swap contracts – short-term receivables 4,617 4,617 Interest rate/ currency/ commodity swap contracts - long-term receivables 13,608 13,608 Total assets 23,329 5,104 18,225 — Liabilities: NOK700 million senior unsecured floating rate bonds due 2024 68,919 68,919 NOK600 million senior unsecured floating rate bonds due 2025 59,181 59,181 7.25% senior unsecured sustainability linked bonds due 2026 146,310 146,310 8.875% senior unsecured sustainability linked bonds due 2027 152,820 152,820 Interest rate/ currency/ commodity swap contracts – short-term payables 12,366 12,366 Interest rate/ currency/ commodity swap contracts – long-term payables 8,965 8,965 Total liabilities 448,561 427,230 21,331 — The above fair values of financial assets and liabilities as of December 31, 2022, were measured as follows: Fair value measurements using December 31, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (in thousands of $) (Level 1) (Level 2) (Level 3) Assets: Equity securities 7,283 7,283 Interest rate/ currency/ commodity swap contracts – short-term receivables 1,936 1,936 Interest rate/ currency/ commodity swap contracts – long-term receivables 26,716 26,716 Total assets 35,935 7,283 28,652 — Liabilities: NOK700 million senior unsecured floating rate bonds due 2023 71,421 71,421 NOK700 million senior unsecured floating rate bonds due 2024 70,734 70,734 NOK600 million senior unsecured floating rate bonds due 2025 60,348 60,348 4.875% senior unsecured convertible bonds due 2023 137,211 137,211 7.25% senior unsecured sustainability linked bonds due 2026 144,188 144,188 Interest rate/ currency/ commodity swap contracts – short-term payables 16,861 16,861 Interest rate/ currency/ commodity swap contracts – long-term payables 14,357 14,357 Total liabilities 515,120 483,902 31,218 —
Schedules of concentration of risk, by customer	There is also a concentration of revenue risk with the below customers: Charterer Number of Vessels /rigs chartered as of December 31, 2023 % of consolidated operating revenues (Year ended December 31, 2023) Number of Vessels /rigs chartered as of December 31, 2022 % of consolidated operating revenues (Year ended December 31, 2022) Maersk A/S (“Maersk”) 16 28 % 16 31 % Evergreen Marine Corporation (Taiwan) Ltd. and its affiliate Evergreen Marine (Singapore) Pte Ltd. (collectively “Evergreen”) *** 5 13 % 6 15 % ConocoPhillips Skandinavia AS ("ConocoPhillips")** 1 10 % 1 3 % Trafigura Maritime Logistics Pte Ltd (“Trafigura”) 7 8 % 7 9 % Golden Ocean* 8 7 % 8 8 % * Additionally see Note 25: Related Party Transactions. ** In September 2022, the drilling rig Linus was redelivered from Seadrill to the Company. Concurrently, the drilling contract of Linus with ConocoPhillips was assigned from Seadrill to the Company. *** In September 2023, one of the vessels was redelivered from Evergreen to the Company and commenced the installation of efficiency upgrades. Following the installation of these upgrades, the vessel commenced a time charter contract with Hapag Lloyd for a duration of five years. The remaining five vessels are also expected to begin charters with Hapag Lloyd upon the completion of their current charters with Evergreen.

ALLOWANCE FOR EXPECTED CREDIT_2

ALLOWANCE FOR EXPECTED CREDIT LOSSES (Tables)	12 Months Ended
	Dec. 31, 2023
Credit Loss [Abstract]
Balance Sheet items, allowance for credit loss	The following table presents the impact of the allowance for expected credit losses on the Company's balance sheet line items for the year ended December 31, 2023. (in thousands of $) Trade receivables Other receivables Related Party receivables Investment in sales-type, direct financing leases and leaseback assets Other long-term assets Total Balance as of December 31, 2021 96 486 3,255 1,263 1,888 6,988 Derecognition of Seadrill credit loss balances — — (3,200) — — (3,200) Change in allowance recorded in 'other financial items' 164 418 (25) (1,071) (8) (522) Balance as of December 31, 2022 260 904 30 192 1,880 3,266 Change in allowance recorded in 'other financial items' (245) (88) (6) (119) — (458) Balance as of December 31, 2023 15 816 24 73 1,880 2,808

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of assets pledged	Assets Pledged (in millions of $) 2023 2022 Vessels, rigs and equipment, net 2,508 2,460 Investments in sales-type, direct financing leases and leaseback assets 56 119 Book value of consolidated assets pledged under ship mortgages 2,564 2,579
Schedule of assets with finance lease liabilities	Assets with finance lease liabilities (in millions of $) 2023 2022 Vessels under finance lease, net 573 615 Total book value 573 615

GENERAL (Details)

GENERAL (Details)	1 Months Ended
	Jan. 31, 2024 vessel	Dec. 31, 2023 carrier	Dec. 31, 2023 tanker	Dec. 31, 2023 vessel	Dec. 31, 2023 drillingRig
Off Shore Assets And Charters [Line Items]
Number of Suezmax crude oil carriers owned		7
Number of oil product tankers contracted to be acquired | tanker			6
Number of drybulk carriers		15
Number of Supramax drybulk carriers owned		5
Number of Kamsarmax drybulk carriers owned		2
Number of capesize drybulk carriers owned		8
Number of container vessels owned | vessel				32
Number of vessels accounted for under finance leases | vessel				7
Number of car carriers		5
Number of jack-up drilling rigs owned | drillingRig					1
Number of ultra deepwater drilling units owned | drillingRig					1
Number of leased-in container vessels | vessel				4
Subsequent Event
Off Shore Assets And Charters [Line Items]
Number of vessels delivered from shipyard | vessel	1
Newbuilding dual-fuel car carriers using liquefied natural gas
Off Shore Assets And Charters [Line Items]
Number of dual-fuel car carriers		2		2

ACCOUNTING POLICIES (Details)

ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2023 vessel
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of vessels with finance lease liabilities	7
Rig periodic surveys (in years)	5 years
Offshore Vessels and Rigs
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Estimated economic useful life (in years)	30 years
Other Capitalized Property Plant and Equipment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Estimated economic useful life (in years)	25 years
Office Equipment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Depreciation, rate (in percentage)	20%
Maersk
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of container vessels accounted for as direct financing leases	7
EUKOR Car Carriers Inc
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Time charter term (in years)	6 years

Taxation (Details)

Taxation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Expense Disclosure [Line Items]
Tax expense	$ 3,323	$ 0	$ 0
Canada And Namibia
Income Tax Expense Disclosure [Line Items]
Tax expense	$ 3,300	$ 0	$ 0

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Oct. 31, 2021	May 31, 2018	Apr. 30, 2018	Apr. 23, 2018	Nov. 30, 2016	Oct. 31, 2016
Basic earnings per share:
Net income available to stockholders	$ 83,937	$ 202,768	$ 164,343
Diluted earnings per share:
Interest and other expenses attributable to convertible notes	0	7,501	16,166
Net income assuming dilution	$ 83,937	$ 210,269	$ 180,509
Basic earnings per share:
Weighted average number of common shares outstanding (in shares)	126,249,000	126,789,000	122,141,000
Diluted earnings per share:
Weighted average number of common shares outstanding (in shares)	126,249,000	126,789,000	122,141,000
Effect of dilutive share options (in shares)	335,000	112,000	0
Effect of dilutive convertible bonds (in shares)	0	10,476,000	17,242,000
Weighted average number of diluted common shares outstanding (in shares)	126,584,000	137,377,000	139,383,000
Basic earnings per share (in dollars per share)	$ 0.67	$ 1.60	$ 1.35
Diluted earnings per share (in dollars per share)	$ 0.66	$ 1.53	$ 1.30
Own share lending arrangement shares, held by transfer agent (in shares)	700
Total authorized for share lending arrangement (in shares)	11,765,842					7,000,000
General share lending agreement
Diluted earnings per share:
Shares loaned to affiliate (in shares)								8,000,000
Senior unsecured convertible bonds due 2021
Diluted earnings per share:
Shares loaned to affiliate (in shares)						3,765,842			8,000,000
Interest rate (in percentage)				5.75%					5.75%
Own share lending arrangement, shares transferred (in shares)	8,000,000
4.875% senior unsecured convertible bonds due 2023
Diluted earnings per share:
Shares loaned to affiliate (in shares)	3,765,842				3,765,842
Interest rate (in percentage)	4.875%						4.875%
Own share lending arrangement, shares transferred (in shares)	3,765,142

EARNINGS PER SHARE (Narrative)

EARNINGS PER SHARE (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	May 31, 2023	Oct. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Apr. 23, 2018	Oct. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Repurchase of bonds			$ 205,848	$ 0	$ 215,098
Senior unsecured convertible bonds due 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Interest rate (in percentage)		5.75%					5.75%
Amount of debt repurchased		$ 144,700
Repurchase of bonds					67,600
4.875% senior unsecured convertible bonds due 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Interest rate (in percentage)			4.875%			4.875%
Amount of debt repurchased	$ 84,900
Repurchase of bonds			$ 53,000		$ 2,000

OPERATING LEASES (Details)

OPERATING LEASES (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Leases [Abstract]
2024	$ 521,445
2025	397,284
2026	389,385
2027	273,138
2028	215,273
Thereafter	153,815
Total minimum lease revenues	$ 1,950,340

OPERATING LEASES (Additional In

OPERATING LEASES (Additional Information) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) carrier vessel	Dec. 31, 2022 USD ($) vessel carrier	Dec. 31, 2021 USD ($)
Leases [Abstract]
Number of container vessels being upgraded | vessel	7	7
Number of car carriers which are on time charter contracts | carrier	1	1
Income from cost savings agreement | $	$ 13.2	$ 24.8	$ 10.6

OPERATING LEASES (Cost and Accu

OPERATING LEASES (Cost and Accumulated Depreciation of Vessels Leased to Third Parties on Non-cancelable Operating Leases) (Details) - Vessels leased to others - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Cost	$ 3,258,451	$ 3,062,551
Accumulated depreciation	(808,414)	(614,698)
Total	$ 2,450,037	$ 2,447,853

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Information About Receivables, Contract Assets, and Contract Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Trade accounts receivable from contracts with customers, net	$ 28,970	$ 10,209
Contract assets, current	3,938	10,102	$ 1,958
Contract liabilities, current	(5,320)	(1,585)	$ (115)
Expected credit loss relating to trade accounts receivables from contracts with customers	$ (15)	$ (300)

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Deposit Contracts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deposit Contracts, Assets [Abstract]
Net contract asset at beginning of period	$ 10,102	$ 1,958
Amortization of contract assets and contract liabilities from contracts at the beginning of the year	(10,102)	(1,958)
Cash (received)/paid, excluding amounts recognized in the income statement	3,938	10,102
Net contract asset at end of period	3,938	10,102
Deposit Contracts, Liabilities [Abstract]
Net contract liability at beginning of period	1,585	115
Amortization of contract assets and contract liabilities from contracts at the beginning of the year	1,585	115
Cash (received)/paid, excluding amounts recognized in the income statement	(5,320)	(1,585)
Net contract liability at end of period	5,320	1,585
Net Balances of Contract Assets and Liabilities [Abstract]
Net balance at the beginning of period	8,517	1,843
Amortization of contract assets and contract liabilities from contracts at the beginning of the year	(8,517)	(1,843)
Cash (received)/paid, excluding amounts recognized in the income statement	(1,382)	8,517
Net balance at the end of period	$ (1,382)	$ 8,517

GAIN ON SALE OF ASSETS AND TE_3

GAIN ON SALE OF ASSETS AND TERMINATION OF CHARTERS (Summary) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Component of Operating Income [Abstract]
Gain on sale of vessels and rig	$ 18,670	$ 13,228	$ 39,405

GAIN ON SALE OF ASSETS AND TE_4

GAIN ON SALE OF ASSETS AND TERMINATION OF CHARTERS (Gain on Sale of Vessels) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) vessel tanker	Dec. 31, 2022 USD ($) vessel	Dec. 31, 2021 USD ($) vessel
Property, Plant and Equipment [Line Items]
Number of feeder container vessels accounted for as direct financing leases sold | vessel			18
Impairment loss	$ (7,389,000)	$ 0	$ (1,927,000)
Number of feeder container vessels accounted for as leaseback assets sold | vessel			3
Number of container vessels owned | vessel	32
Lessor, operating lease, number of lease assets sold | vessel			7
Gain (loss) on sale of vessel	$ 18,670,000	13,228,000	$ 39,405,000
Chemical Tankers | Vessels, Rigs And Equipment
Property, Plant and Equipment [Line Items]
Gain (loss) on disposition	30,000
Impairment loss	$ (7,400,000)
Number of chemical tankers sold | tanker	2
Landbridge Wisdom
Property, Plant and Equipment [Line Items]
Net sales proceeds from sale of vessels	$ 52,000,000
Gain on sale of vessels	2,200,000
Glorycrown and Everbright
Property, Plant and Equipment [Line Items]
Net sales proceeds from sale of vessels	84,900,000
Gain (loss) on disposition	$ 16,400,000
Number of suezmax tankers sold | vessel	2
SFL Weser and SFL Elbe
Property, Plant and Equipment [Line Items]
Net sales proceeds from sale of vessels	$ 19,400,000
Gain (loss) on disposition	$ 30,000
Number of chemical tankers sold | vessel	2
Front Force and Front Energy
Property, Plant and Equipment [Line Items]
Net sales proceeds from sale of vessels		65,400,000
Gain on sale of vessels		$ 1,500,000
Number of container vessels owned | vessel		2
MSC Alice 1700 twenty-foot equivalent unit ("TEU") container vessel
Property, Plant and Equipment [Line Items]
Net sales proceeds from sale of vessels		$ 13,500,000
Gain on sale of vessels		11,700,000
18 MSC feeder container vessels
Property, Plant and Equipment [Line Items]
Gain on sale of leased assets, net, operating leases			600,000
Proceeds from sale of vessels and termination of charters			82,000,000
Handysize vessels
Property, Plant and Equipment [Line Items]
Proceeds from sale of vessels and termination of charters			97,700,000
Gain (loss) on sale of vessel			39,300,000
West Taurus
Property, Plant and Equipment [Line Items]
Gain (loss) on sale of vessel			$ (600,000)
Front Force and Front Energy
Property, Plant and Equipment [Line Items]
Termination fee on termination of charters		$ 4,500,000

OTHER FINANCIAL ITEMS, NET (Det

OTHER FINANCIAL ITEMS, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total net cash movement on non-designated derivatives and swap settlements	$ 5,267	$ (348)	$ (6,715)
Total net movement in fair value of non-designated derivatives	(8,375)	17,142	11,591
Allowance for expected credit losses	458	522	722
Other items	1,458	(1,788)	1,085
Total other financial items, net	(1,192)	15,528	6,683
Interest rate swaps
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total net cash movement on non-designated derivatives and swap settlements	5,270	(341)	(6,707)
Total net movement in fair value of non-designated derivatives	(2,926)	17,202	11,607
Cross currency swaps
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total net cash movement on non-designated derivatives and swap settlements	(3)	(7)	(8)
Total net movement in fair value of non-designated derivatives	(5,012)	(60)	(16)
Commodity swaps
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total net movement in fair value of non-designated derivatives	$ (437)	$ 0	$ 0

OTHER FINANCIAL ITEMS, NET (Add

OTHER FINANCIAL ITEMS, NET (Additional Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Loss on derivative instrument reclassified from another comprehensive income	$ 4,607	$ 0	$ 0
Accounts receivable, credit loss expense (reversal)	500	500	700
(Loss) gain on foreign currency translation	(100)	(700)	(400)
Norwegian Shipowners' Mutual War Risks Insurance Association
Accumulated Other Comprehensive Income (Loss) [Line Items]
No claims bonus	$ 2,600	$ 300	$ 2,600

INVESTMENTS IN DEBT AND EQUIT_3

INVESTMENTS IN DEBT AND EQUITY SECURITIES (Schedule of Marketable Securities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Corporate Bonds
Balance at start of the year	$ 0	$ 9,680
Disposals during the year	0	(14,239)
Fair value adjustments to available-for-sale securities	0	(631)
Realized gain (loss)	0	5,190
Balance at end of the year	0	0
Equity Securities
Balance at start of the year	7,283	11,530
Disposals during the year	0	(17,422)
Unrealized gain/(loss)	(1,912)	8,389
Realized gain	0	4,592
Foreign currency translation (loss)/gain	(267)	194
Balance at the end of year	5,104	7,283
Total Investment in Debt and Equity Securities	$ 5,104	$ 7,283

INVESTMENTS IN DEBT AND EQUIT_4

INVESTMENTS IN DEBT AND EQUITY SECURITIES (Narrative) (Details) $ in Thousands, shares in Millions	1 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($) shares	Mar. 31, 2021 USD ($) vessel	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) jackUpRig shares	Dec. 31, 2021 USD ($) vessel shares
Debt Securities, Available-for-sale [Line Items]
Realized gain (loss)			$ 0	$ 5,190
Unrealized gain/(loss)			(1,912)	8,389
ADS Maritime Holding
Debt Securities, Available-for-sale [Line Items]
Realized gain on investments		$ 700			$ 700
Final dividend distribution					$ 8,800
Number of vessels sold | vessel		2			2
Disposition of investment					$ 800
Corporate Bond Securities, NorAm Drilling
Debt Securities, Available-for-sale [Line Items]
Proceeds from redemption of debt and equity securities				4,700
Accumulated unrealized gain (loss)				500
Corporate Bond Securities, NT Rig Holdco 12%
Debt Securities, Available-for-sale [Line Items]
Proceeds from redemption of debt and equity securities				$ 9,600
Accumulated unrealized gain (loss)					$ (300)
Redemption price, percentage				12%	12%
Number of jack up rigs | jackUpRig				5
Corporate Bond Securities, NT Rig Holdco 7.5%
Debt Securities, Available-for-sale [Line Items]
Accumulated unrealized gain (loss)					$ 0
Redemption price, percentage					7.50%
Realized gain (loss)				$ 4,700
Aggregate impairment charge					$ 800
Common stock - NorAm Drilling
Debt Securities, Available-for-sale [Line Items]
Unrealized gain/(loss)			$ (1,900)	$ 5,800
Investment owned (in shares) | shares			1.3	1.3
Foreign exchange gain (loss)			$ (300)	$ 200
Common Stock - Frontline Ltd
Debt Securities, Available-for-sale [Line Items]
Forward contract to repurchase shares (shares) | shares	1.4			1.4	1.4
Security borrowed, repurchase price				$ 16,700
Forward contract shares, purchase price					$ 16,400
Extinguishment of debt, amount	$ 15,600
Realized gain on investments				4,600
Unrealized gain/(loss)				$ 2,600	$ 1,200

INVESTMENTS IN DEBT AND EQUIT_5

INVESTMENTS IN DEBT AND EQUITY SECURITIES (Shares) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Equity securities	$ 5,104	$ 7,283	$ 11,530
Total Investment in Debt and Equity Securities	5,104	7,283
Common stock - NorAm Drilling
Debt and Equity Securities, FV-NI [Line Items]
Equity securities	5,104	7,283
Common Stock - Frontline Ltd
Debt and Equity Securities, FV-NI [Line Items]
Equity securities	0	0
Common Stock, ADS
Debt and Equity Securities, FV-NI [Line Items]
Equity securities	$ 0	$ 0

TRADE ACCOUNTS RECEIVABLE AND_2

TRADE ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Trade receivables
Allowance for Expected Credit Losses [Line Items]
Accounts receivable, allowance for credit loss, current	$ 15	$ 300
Other receivables
Allowance for Expected Credit Losses [Line Items]
Accounts receivable, allowance for credit loss, current	$ 800	$ 900

VESSELS, RIGS AND EQUIPMENT, _3

VESSELS, RIGS AND EQUIPMENT, NET (Schedule of Vessels and Equipment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Movement in Property, Plant and Equipment [Roll Forward]
Depreciation	$ (214,062)	$ (187,827)	$ (138,330)
Impairment loss	(7,389)	0	$ (1,927)
Vessels, Rigs And Equipment
Movement in Property, Plant and Equipment [Roll Forward]
Vessel additions	158,400
Cost
Movement in Property, Plant and Equipment [Roll Forward]
Capital improvements	117,800	1,600
Cost | Vessels, Rigs And Equipment
Movement in Property, Plant and Equipment [Roll Forward]
Cost, beginning balance	3,345,233
Vessel additions	158,405
Capital improvements	117,815
Vessel disposals	(126,546)
Impairment loss	(40,714)
Cost, ending balance	3,454,193	3,345,233
Accumulated Depreciation | Vessels, Rigs And Equipment
Movement in Property, Plant and Equipment [Roll Forward]
Accumulated Depreciation, beginning balance	(698,844)
Depreciation	(172,753)
Vessel disposals	38,812
Impairment loss	33,325
Accumulated Depreciation, ending balance	(799,460)	(698,844)
Vessels, Rigs and Equipment, net | Vessels, Rigs And Equipment
Movement in Property, Plant and Equipment [Roll Forward]
Vessels, Rigs, and Equipment, beginning balance	2,646,389
Depreciation	(172,753)
Vessel additions	158,405
Capital improvements	117,815
Vessel disposals	(87,734)
Impairment loss	(7,389)
Vessels, Rigs, and Equipment, ending balance	$ 2,654,733	$ 2,646,389

VESSELS, RIGS AND EQUIPMENT, _4

VESSELS, RIGS AND EQUIPMENT, NET (Narrative) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) carrier tanker	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Property Subject to or Available for Operating Lease [Line Items]
Number of car equivalent units carrier | carrier	2
Vessel impairment charge	$ 7,389,000	$ 0	$ 1,927,000
Cost
Property Subject to or Available for Operating Lease [Line Items]
Capital improvements	117,800,000	$ 1,600,000
Vessels, Rigs And Equipment
Property Subject to or Available for Operating Lease [Line Items]
Vessel additions	158,400,000
Vessels, Rigs And Equipment | Cost
Property Subject to or Available for Operating Lease [Line Items]
Vessel additions	158,405,000
Capital improvements	117,815,000
Vessel impairment charge	40,714,000
Vessels, Rigs And Equipment, Special Periodic Survey
Property Subject to or Available for Operating Lease [Line Items]
SPS Costs	$ 72,500,000
Estimated economic useful life (in years)	5 years
Vessels, Rigs And Equipment, Capital Upgrades
Property Subject to or Available for Operating Lease [Line Items]
Capital upgrades	$ 42,200,000
Estimated economic useful life (in years)	10 years
Vessels, Rigs And Equipment, Ballast Water Treatment System
Property Subject to or Available for Operating Lease [Line Items]
Costs related to BWTS	$ 3,100,000
Suezmax tanker | Vessels, Rigs And Equipment
Property Subject to or Available for Operating Lease [Line Items]
Gain (loss) on disposition	$ 16,400,000
Number of suezmax tankers sold | tanker	2
Chemical Tankers | Vessels, Rigs And Equipment
Property Subject to or Available for Operating Lease [Line Items]
Gain (loss) on disposition	$ 30,000
Number of chemical tankers sold | tanker	2
Vessel impairment charge	$ 7,400,000

CAPITAL IMPROVEMENTS IN PROGR_3

CAPITAL IMPROVEMENTS IN PROGRESS AND NEWBUILDINGS (Schedule of carrying values of property changes and updates) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Capital improvements in progress	$ 2,194	$ 4,127
Newbuildings	83,864	93,733
Capital improvements, newbuildings and vessel purchase deposits	$ 86,058	$ 97,860

CAPITAL IMPROVEMENTS IN PROGR_4

CAPITAL IMPROVEMENTS IN PROGRESS AND NEWBUILDINGS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) contract vessel	Dec. 31, 2022 USD ($) contract vessel	Dec. 31, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Capital improvements in progress | $	$ 2,194	$ 4,127
Interest costs capitalized | $	$ 5,500	$ 2,200	$ 400
Volkswagen Group
Property, Plant and Equipment [Line Items]
Number of dual-fuel car carriers	2
Term of lease or charter	10 years
K Line
Property, Plant and Equipment [Line Items]
Number of dual-fuel car carriers	2
Term of lease or charter	10 years
Newbuilding Vessels
Property, Plant and Equipment [Line Items]
Number of newbuilding contracts | contract	2	4
Construction in progress
Property, Plant and Equipment [Line Items]
Number of vessels committed to vessel upgrades	2	2

VESSELS UNDER FINANCE LEASE, _3

VESSELS UNDER FINANCE LEASE, NET (Schedule of Finance Lease) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cost
Beginning balance	$ 777,939
Ending balance	777,939	$ 777,939
Accumulated Depreciation
Beginning balance	(163,176)
Depreciation	(41,309)
Ending balance	(204,485)	(163,176)
Vessels under Finance Lease, net
Beginning balance	614,763
Depreciation	(41,309)	(41,300)	$ (41,300)
Ending balance	$ 573,454	$ 614,763

VESSELS UNDER FINANCE LEASE, _4

VESSELS UNDER FINANCE LEASE, NET (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) vessel	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2018
Vessels under capital lease, net [Line Items]
Number of vessels accounted for under finance leases	7
Number of years before option to buy vessel is available	6 years			6 years
Depreciation | $	$ 41,309	$ 41,300	$ 41,300
14,000 TEU Containership
Vessels under capital lease, net [Line Items]
Number of vessels accounted for under finance leases	4
10,600 TEU Containership
Vessels under capital lease, net [Line Items]
Number of vessels accounted for under finance leases	3
Minimum
Vessels under capital lease, net [Line Items]
Term of lease or charter	6 years			6 years
Maximum
Vessels under capital lease, net [Line Items]
Term of lease or charter	11 years			11 years

OTHER LONG TERM ASSETS (Schedul

OTHER LONG TERM ASSETS (Schedule of Long-Term Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Collateral deposits on swap agreements	$ 7,090	$ 8,770
Value of acquired charter-out contracts, net	1,815	4,712
Total other long-term assets	$ 8,905	$ 13,482

OTHER LONG TERM ASSETS (Narrati

OTHER LONG TERM ASSETS (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($) vessel
Property, Plant and Equipment [Line Items]
Long term receivables				$ 0	$ 1.9
Credit loss provision				$ 1.9
Container vessels | Evergreen Marine
Property, Plant and Equipment [Line Items]
Number of vessels acquired | vessel						4
Time charters						$ 18
Amortization of time charters	$ 2.9	$ 2.9	$ 2.9

INVESTMENTS IN SALES-TYPE LEA_3

INVESTMENTS IN SALES-TYPE LEASES, DIRECT FINANCING LEASES AND LEASEBACK ASSETS (Schedule of Investments in Sales-Type and Direct Financing Leases and Leaseback Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Investments in sales-type and direct financing leases	$ 55,739	$ 66,504
Investments in leaseback assets	0	52,519
Total	$ 55,739	$ 119,023

INVESTMENTS IN SALES-TYPE LEA_4

INVESTMENTS IN SALES-TYPE LEASES, DIRECT FINANCING LEASES AND LEASEBACK ASSETS (Narrative) (Details) $ in Millions	1 Months Ended			12 Months Ended
	Aug. 31, 2023 USD ($)	Apr. 30, 2022 vessel tanker	May 31, 2020	Dec. 31, 2023 vessel	Dec. 31, 2022 vessel tanker
Sale Leaseback Transaction [Line Items]
Number of 1,700 TEU container vessels		1
Landbridge Universal Limited
Sale Leaseback Transaction [Line Items]
Gain (loss) on disposition | $	$ 2.2
Term of lease or charter			7 years
Disposal Group, Disposed of by Sale, Not Discontinued Operations | River Box
Sale Leaseback Transaction [Line Items]
Ownership percentage of disposed assets				50.10%
Sales-Type Leases and Direct Financing Leases
Sale Leaseback Transaction [Line Items]
Number of vessel charters					9
Sales-Type Leases and Direct Financing Leases | Frontline Shipping
Sale Leaseback Transaction [Line Items]
Assets accounted for as direct financing leases and leased to related parties | tanker					2
Assets accounted for as direct financing lease, number sold | tanker		2
Sales-Type Leases and Direct Financing Leases | MSC
Sale Leaseback Transaction [Line Items]
Number of vessel charters				9	9
Leaseback Assets
Sale Leaseback Transaction [Line Items]
Number of vessel charters					1

INVESTMENTS IN SALES-TYPE LEA_5

INVESTMENTS IN SALES-TYPE LEASES, DIRECT FINANCING LEASES AND LEASEBACK ASSETS (Components of Investments in Direct Financing and Sales-type Leases) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Sale Leaseback Transaction [Line Items]
Total minimum lease payments to be received	$ 16,020	$ 64,868
Purchase obligations at the end of the leases	43,150	74,650
Net minimum lease payments receivable	59,170	139,518
Less: unearned income	(3,358)	(20,303)
Total investment in sales-type lease, direct financing lease and leaseback assets	55,812	119,215
Allowance for expected credit losses	(73)	(192)
Total investment in sales-type lease, direct financing lease and leaseback assets	55,739	119,023
Current portion	20,640	15,432
Long-term portion	35,099	103,591
Sales-Type Leases and Direct Financing Leases
Sale Leaseback Transaction [Line Items]
Total minimum lease payments to be received	16,020	30,708
Purchase obligations at the end of the leases	43,150	43,150
Net minimum lease payments receivable	59,170	73,858
Less: unearned income	(3,358)	(7,252)
Total investment in sales-type lease, direct financing lease and leaseback assets	55,812	66,606
Allowance for expected credit losses	(73)	(102)
Total investment in sales-type lease, direct financing lease and leaseback assets	55,739	66,504
Current portion	20,640	10,794
Long-term portion	35,099	55,710
Leaseback Assets
Sale Leaseback Transaction [Line Items]
Total minimum lease payments to be received	0	34,160
Purchase obligations at the end of the leases	0	31,500
Net minimum lease payments receivable	0	65,660
Less: unearned income	0	(13,051)
Total investment in sales-type lease, direct financing lease and leaseback assets	0	52,609
Allowance for expected credit losses	0	(90)
Total investment in sales-type lease, direct financing lease and leaseback assets	0	52,519
Current portion	0	4,638
Long-term portion	$ 0	$ 47,881

INVESTMENTS IN SALES-TYPE LEA_6

INVESTMENTS IN SALES-TYPE LEASES, DIRECT FINANCING LEASES AND LEASEBACK ASSETS (Schedule of Minimum Future Gross Revenues) (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Sales-Type Leases and Direct Financing Leases
2024	$ 23,079
2025	36,091
Total minimum lease payments to be received	59,170
Leaseback Assets
2024	0
2025	0
Total minimum lease payments to be received	0
Total
2024	23,079
2025	36,091
Total minimum lease payments to be received	$ 59,170

INVESTMENTS IN SALES-TYPE LEA_7

INVESTMENTS IN SALES-TYPE LEASES, DIRECT FINANCING LEASES AND LEASEBACK ASSETS (Schedule of Interest Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Sale Leaseback Transaction [Line Items]
Investments in sales type and direct financing leases	$ 3,894	$ 5,021	$ 14,173
Investments in leaseback assets	2,298	3,895	5,351
Total	6,192	8,916	19,524
Interest income related parties – direct financing leases	0	382	5,186
Affiliated Entity | Frontline Shipping
Sale Leaseback Transaction [Line Items]
Interest income related parties – direct financing leases	$ 0	$ 400	$ 1,500

INVESTMENT IN ASSOCIATED COMP_3

INVESTMENT IN ASSOCIATED COMPANIES (Schedule of Participations Using Equity Method) (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
River Box
Schedule of Equity Method Investments [Line Items]
Participation in equity method investee (percent)	49.90%	49.90%	49.90%

INVESTMENT IN ASSOCIATED COMP_4

INVESTMENT IN ASSOCIATED COMPANIES (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
River Box
Schedule of Equity Method Investments [Line Items]
Final dividend distribution	$ 2.9	$ 2.9	$ 2.2
River Box | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Schedule of Equity Method Investments [Line Items]
Ownership percentage of disposed assets	50.10%

INVESTMENT IN ASSOCIATED COMP_5

INVESTMENT IN ASSOCIATED COMPANIES (Summarized Financial Statement Information of Equity Method Investees) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Current assets	$ 298,059	$ 296,982
Total assets	3,731,389	3,861,330
Current liabilities	969,195	1,056,611
Total liabilities	2,691,992	2,770,099
Loans and long term receivables from related parties including associates	45,000	45,000
Statement of operations information [Abstract]
Operating revenues	752,286	670,393	$ 513,396
Interest income – related parties, long term loans to associated companies	4,563	4,563	6,921
River Box
Schedule of Equity Method Investments [Line Items]
Final dividend distribution	$ 2,900	$ 2,900	$ 2,200
River Box
Schedule of Equity Method Investments [Line Items]
Participation in equity method investee (percent)	49.90%	49.90%	49.90%
Current assets	$ 16,371	$ 15,186
Non-current assets	220,816	234,572
Total assets	237,187	249,758
Current liabilities	15,173	14,267
Non-current liabilities	205,541	218,944
Total liabilities	220,714	233,211
Total stockholders' equity	16,473	16,547
Loans and long term receivables from related parties including associates	45,000	45,000
Statement of operations information [Abstract]
Operating revenues	18,358	19,269	$ 20,115
Net operating revenues	18,339	19,248	20,094
Net income	2,848	2,833	3,267
Interest income – related parties, long term loans to associated companies	$ 4,600	$ 4,600	4,600
SFL Hercules Ltd
Statement of operations information [Abstract]
Operating revenues			13,753
Net operating revenues			6,558
Net income			927
Interest income – related parties, long term loans to associated companies			2,400
River Box Aad SFL Hurcules
Statement of operations information [Abstract]
Operating revenues			33,868
Net operating revenues			26,652
Net income			$ 4,194

INVESTMENT IN ASSOCIATED COMP_6

INVESTMENT IN ASSOCIATED COMPANIES (Movement in allowance for expected credit losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 3,266	$ 6,988
Ending balance	$ 2,808	$ 3,266	$ 6,988
River Box
Financing Receivable, Allowance for Credit Loss [Line Items]
Participation in equity method investee (percent)	49.90%	49.90%	49.90%
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 378
Allowance recorded in net income of associated company	(70)
Ending balance	$ 308	$ 378

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accrued Liabilities [Abstract]
Vessel operating expenses	$ 25,553	$ 17,315
Administrative expenses	2,570	1,650
Interest expense	11,064	8,233
Accrued expenses	$ 39,187	$ 27,198

OTHER CURRENT LIABILITIES (Deta

OTHER CURRENT LIABILITIES (Details) - Nonrelated Party - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Deferred and prepaid charter revenue	$ 31,961	$ 27,196
Employee taxes	33	45
Other items	240	563
Other current liabilities	$ 32,234	$ 27,804

SHORT-TERM AND LONG-TERM DEBT_2

SHORT-TERM AND LONG-TERM DEBT (Schedule of Long-Term Debt) (Details)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 NOK (kr)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 NOK (kr)	May 12, 2021 USD ($)	Jan. 21, 2020 NOK (kr)	Jul. 30, 2019 NOK (kr)	Jun. 04, 2019 NOK (kr)	Sep. 13, 2018 NOK (kr)
Debt Instrument [Line Items]
Total debt principal	$ 2,163,688,000		$ 2,213,636,000
Less: unamortized debt issuance costs	(16,942,000)		(12,580,000)
Less: current portion of long-term debt	(432,918,000)		(921,270,000)
Long-term debt	1,713,828,000		1,279,786,000
4.875% senior unsecured convertible bonds due 2023
Debt Instrument [Line Items]
Long-term debt, gross	0		$ 137,900,000
Interest rate (in percentage)			4.875%	4.875%
NOK700 million senior unsecured floating rate bonds due 2023
Debt Instrument [Line Items]
Long-term debt, gross	0		$ 71,243,000
Total debt principal	0	kr 0	71,200,000	kr 700,000,000
Aggregate debt amount | kr		700,000,000		700,000,000			kr 700,000,000		kr 600,000,000
NOK700 million senior unsecured floating rate bonds due 2024
Debt Instrument [Line Items]
Long-term debt, gross	68,426,000		70,734,000
Total debt principal	68,400,000	695,000,000	70,700,000	695,000,000
Aggregate debt amount | kr		700,000,000						kr 700,000,000
NOK600 million senior unsecured bonds due 2025
Debt Instrument [Line Items]
Long-term debt, gross	58,089,000		60,048,000
Total debt principal	58,100,000	590,000,000	60,000,000	kr 590,000,000
Aggregate debt amount | kr		kr 600,000,000				kr 600,000,000
7.25% senior unsecured sustainability-linked bonds due 2026
Debt Instrument [Line Items]
Long-term debt, gross	150,000,000		150,000,000
Total debt principal	$ 150,000,000		150,000,000
Aggregate debt amount					$ 150,000,000
Interest rate (in percentage)	7.25%	7.25%			7.25%
U.S. dollar denominated fixed rate debt due 2026
Debt Instrument [Line Items]
Long-term debt, gross	$ 148,875,000		0
8.875% senior unsecured sustainability-linked bonds due 2027
Debt Instrument [Line Items]
Long-term debt, gross	150,000,000		0
Lease debt financing due through 2033
Debt Instrument [Line Items]
Long-term debt, gross	573,456,000		394,555,000
U.S. dollar denominated floating rate debt due through 2029
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,014,842,000		$ 1,329,156,000

SHORT-TERM AND LONG-TERM DEBT_3

SHORT-TERM AND LONG-TERM DEBT (Schedule of Debt Principal) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
2024	$ 432,918
2025	686,855
2026	400,630
2027	355,787
2028	61,723
Thereafter	225,775
Total debt principal	$ 2,163,688	$ 2,213,636

SHORT-TERM AND LONG-TERM DEBT_4

SHORT-TERM AND LONG-TERM DEBT (Interest Rate Information) (Details)	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Three month U.S. Dollar LIBOR rate (in percentage)	5.59%	4.77%
Secured Overnight Financing Rate ("SOFR"), closing rate (as a percent)	0.0538	0.0430
Effective Federal Funds Rate ("EEFR"), closing rate	0.0533	0.0433
Three month Norwegian kroner NIBOR rate (in percentage)	4.73%	3.26%
Floating Rate Debt
Debt Instrument [Line Items]
Weighted average interest rate (in percentage)	6.49%	5.30%
Lease debt financing due through 2033
Debt Instrument [Line Items]
Weighted average interest rate (in percentage)	5.41%	4.44%
Fixed Rate Debt
Debt Instrument [Line Items]
Weighted average interest rate (in percentage)	8.46%	6.11%

SHORT-TERM AND LONG-TERM DEBT_5

SHORT-TERM AND LONG-TERM DEBT (Narrative) (Details)					1 Months Ended																										3 Months Ended		12 Months Ended
	Sep. 13, 2023 USD ($)	Sep. 13, 2023 NOK (kr)	Jul. 30, 2019 NOK (kr)	Apr. 23, 2018 USD ($) $ / shares	Aug. 31, 2023	May 31, 2023 USD ($)	Apr. 30, 2023 USD ($)	Mar. 31, 2023 USD ($) vessel	Feb. 28, 2023 USD ($)	Jan. 31, 2023 USD ($) tanker subsidiary	Dec. 31, 2022 USD ($) vessel tanker	Dec. 31, 2022 NOK (kr)	Sep. 30, 2022 USD ($) subsidiary vessel	Apr. 30, 2022 USD ($)	Mar. 31, 2022 USD ($) vessel subsidiary	Sep. 30, 2021 USD ($) vessel	Jun. 30, 2021	Apr. 30, 2021 USD ($)	Feb. 28, 2021 USD ($)	Nov. 30, 2020 USD ($)	May 31, 2020 USD ($)	Mar. 31, 2020 USD ($) tanker subsidiary vessel	Jun. 30, 2019 USD ($) subsidiary	Feb. 28, 2019 USD ($) subsidiary carrier	Dec. 31, 2018 USD ($) tanker subsidiary	Apr. 30, 2018 USD ($) shares	Aug. 31, 2017 USD ($) tanker subsidiary	Sep. 30, 2014 USD ($) vessel subsidiary	Jun. 30, 2014 USD ($) vessel subsidiary	May 31, 2013 USD ($)	Nov. 30, 2023 USD ($)	Dec. 31, 2022 USD ($) vessel tanker	Dec. 31, 2023 USD ($) carrier $ / shares shares	Dec. 31, 2022 USD ($) vessel tanker	Dec. 31, 2021 USD ($) subsidiary tanker	Dec. 31, 2020 USD ($) subsidiary	Dec. 31, 2018 USD ($) tanker	Dec. 31, 2017	Dec. 31, 2023 NOK (kr) carrier shares	Dec. 31, 2022 NOK (kr) vessel tanker	Apr. 15, 2022 carrier	Jan. 01, 2022 USD ($)	Aug. 31, 2021 USD ($)	May 12, 2021 USD ($)	Dec. 31, 2020 NOK (kr)	Jan. 21, 2020 NOK (kr)	Jun. 04, 2019 NOK (kr)	Sep. 13, 2018 NOK (kr)	May 31, 2018 shares	May 04, 2018 USD ($)	Oct. 31, 2013 USD ($)
Debt Instrument [Line Items]
Long-term debt											$ 2,213,636,000																					$ 2,213,636,000	$ 2,163,688,000	$ 2,213,636,000
Repurchase of bonds																																	$ 205,848,000	0	$ 215,098,000
Total authorized for share lending arrangement (in shares) | shares																										7,000,000							11,765,842						11,765,842
Stockholders' equity attributable to parent											(1,091,231,000)																					(1,091,231,000)	$ (1,039,397,000)	(1,091,231,000)	(982,327,000)
Number of drybulk carriers | carrier																																	15						15
Carrying value of vessels											3,861,330,000																					3,861,330,000	$ 3,731,389,000	3,861,330,000
Minimum
Debt Instrument [Line Items]
Period to purchase vessel						6 years
Term of lease or charter																																	6 years				6 years
Maximum
Debt Instrument [Line Items]
Period to purchase vessel						7 years
Term of lease or charter																																	11 years				11 years
Asset Pledged as Collateral
Debt Instrument [Line Items]
Carrying value of vessels											2,579,000,000																					2,579,000,000	$ 2,564,000,000	2,579,000,000
Cumulative Effect, Period Of Adoption, Adjustment
Debt Instrument [Line Items]
Stockholders' equity attributable to parent																																										$ 1,600,000
Additional paid-in capital
Debt Instrument [Line Items]
Stockholders' equity attributable to parent											(616,554,000)																					(616,554,000)	(618,164,000)	(616,554,000)	(621,037,000)	$ (531,382,000)
Additional paid-in capital | Cumulative Effect, Period Of Adoption, Adjustment
Debt Instrument [Line Items]
Stockholders' equity attributable to parent																																			5,863,000							5,900,000
Retained earnings / (accumulated deficit)
Debt Instrument [Line Items]
Stockholders' equity attributable to parent											$ (40,015,000)																					$ (40,015,000)	(960,000)	$ (40,015,000)	92,720,000	257,063,000
Retained earnings / (accumulated deficit) | Cumulative Effect, Period Of Adoption, Adjustment
Debt Instrument [Line Items]
Stockholders' equity attributable to parent																																			(4,285,000)							$ (4,300,000)
4.875% senior unsecured convertible bonds due 2023
Debt Instrument [Line Items]
Interest rate (as a percent)											4.875%																					4.875%		4.875%						4.875%
Recognition of equity component arising from issuance of 4.875% convertible bonds due 2023																										$ 7,900,000								$ (100,000)
4.875% senior unsecured convertible bonds due 2023 | Additional paid-in capital
Debt Instrument [Line Items]
Recognition of equity component arising from issuance of 4.875% convertible bonds due 2023				$ 7,900,000
NOK700 million senior unsecured bonds due 2023
Debt Instrument [Line Items]
Aggregate debt amount | kr			kr 700,000,000																																				kr 700,000,000	kr 700,000,000								kr 600,000,000
Long-term debt											$ 71,200,000																					$ 71,200,000	0	71,200,000					0	700,000,000
Gain (loss) on repurchase of debt instrument																																	(300,000)
Debt instrument, percentage of par issued (in percentage)			101.625%
Facility repurchased amount																																	29,400,000						293,000,000
Repayments of unsecured debt	$ 38,100,000	kr 407,000,000
NOK100 Million Senior Unsecured Bonds Due 2023
Debt Instrument [Line Items]
Aggregate debt amount | kr			kr 100,000,000
NOK700 million senior unsecured bonds due 2024
Debt Instrument [Line Items]
Aggregate debt amount | kr																																							700,000,000								kr 700,000,000
Long-term debt											70,700,000																					70,700,000	68,400,000	70,700,000					695,000,000	695,000,000
NOK600 million senior unsecured bonds due 2025
Debt Instrument [Line Items]
Aggregate debt amount | kr																																							600,000,000							kr 600,000,000
Long-term debt											60,000,000																					60,000,000	58,100,000	60,000,000					kr 590,000,000	kr 590,000,000
Facility repurchased amount																																				$ 6,000,000									kr 60,000,000
Proceeds from resale of bonds											5,000,000	kr 50,000,000
7.25% senior unsecured sustainability-linked bonds due 2026
Debt Instrument [Line Items]
Aggregate debt amount																																												$ 150,000,000
Long-term debt											150,000,000																					150,000,000	$ 150,000,000	150,000,000
Interest rate (as a percent)																																	7.25%						7.25%					7.25%
Lease debt financing due through 2033
Debt Instrument [Line Items]
Number of vessels under sale and leaseback transactions | carrier																																									2
Term of lease or charter														3 years
Lease debt financing due through 2033 | 6,800 TEU Containership
Debt Instrument [Line Items]
Long-term debt											56,500,000																					56,500,000	$ 49,400,000	56,500,000
Sales price of vessels combined																$ 130,000,000
Number of vessels under sale and leaseback transactions | vessel																2
Sales price of vessels																$ 65,000,000
Term of lease or charter																6 years
Lease debt financing due through 2033 | 6,800 TEU Containership 2
Debt Instrument [Line Items]
Long-term debt											56,600,000																					56,600,000	49,500,000	56,600,000
Lease debt financing due through 2033 | 14,000 TEU Containership
Debt Instrument [Line Items]
Long-term debt											$ 118,300,000																					118,300,000	108,300,000	$ 118,300,000
Sales price of vessels combined																																$ 240,000,000
Number of vessels under sale and leaseback transactions | vessel											2																					2		2						2
Sales price of vessels																																$ 120,000,000
Term of lease or charter																																7 years
Lease debt financing due through 2033 | 14,000 TEU Containership 2
Debt Instrument [Line Items]
Long-term debt											$ 120,000,000																					$ 120,000,000	109,700,000	$ 120,000,000
Lease debt financing due through 2033 | 6500 CEU Car Carrier 1
Debt Instrument [Line Items]
Long-term debt											20,700,000																					20,700,000	16,300,000	20,700,000
Sales price of vessels combined																$ 48,800,000
Sales price of vessels														$ 23,500,000
Lease debt financing due through 2033 | 6500 CEU Car Carrier 2
Debt Instrument [Line Items]
Long-term debt											22,400,000																					22,400,000	18,000,000	22,400,000
Sales price of vessels														$ 25,300,000
Lease debt financing due through 2033 | 4,900 CEU Car Carrier
Debt Instrument [Line Items]
Long-term debt											0																					0	41,700,000	0
Sales price of vessels							$ 45,000,000
Term of lease or charter							5 years
Lease debt financing due through 2033 | 2,500 TEU Containership
Debt Instrument [Line Items]
Long-term debt											0																					0	37,300,000	0
Sales price of vessels						$ 38,500,000
Term of lease or charter						9 years
Lease debt financing due through 2033 | 7,000 CEU Car Carrier
Debt Instrument [Line Items]
Long-term debt											0																					0	71,200,000	0
Sales price of vessels combined																															$ 144,400,000
Number of vessels under sale and leaseback transactions | vessel								2
Sales price of vessels																															$ 72,200,000
Term of lease or charter																															12 years
Period available to purchase vessel (in years)																															10 years
Lease debt financing due through 2033 | 7,000 CEU Car Carrier 2
Debt Instrument [Line Items]
Long-term debt											0																					0	72,000,000	0
US Dollar 375 million term loan and revolving credit facility | Financial Guarantee
Debt Instrument [Line Items]
Guarantor obligations, current carrying value											83,100,000																					83,100,000		83,100,000
US Dollar 375 million term loan and revolving credit facility | Financial Guarantee | SFL Hercules Ltd
Debt Instrument [Line Items]
Cash contribution																																											$ 5,000,000
US Dollar 375 million term loan and revolving credit facility | Financial Guarantee | Seadrill
Debt Instrument [Line Items]
Accounts payable																																											$ 3,000,000
US Dollar 375 million term loan and revolving credit facility | Line of Credit
Debt Instrument [Line Items]
Aggregate debt amount																														$ 375,000,000
Debt instrument, term																														6 years
Debt instrument, maturity date extension term																																						4 years
Long-term debt											153,500,000																					153,500,000	0	153,500,000
US Dollar 475.0 million term loan and revolving credit facility | Line of Credit
Debt Instrument [Line Items]
Aggregate debt amount																																																			$ 475,000,000
Debt instrument, term																														5 years
Debt instrument, maturity date extension term																																						4 years
Long-term debt											183,800,000																					183,800,000	0	183,800,000
US Dollar 45 million secured term loan facility
Debt Instrument [Line Items]
Aggregate debt amount																													$ 45,000,000
Debt instrument, term																													5 years
Long-term debt											37,500,000																					37,500,000	32,500,000	37,500,000
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary																													7
Number of container vessels | vessel																													7
Term loan facility, extension term																	4 years						2 years
US dollar 20 million secured term loan facility | Floating Rate Debt
Debt Instrument [Line Items]
Aggregate debt amount																												$ 20,000,000
Debt instrument, term																												5 years
Long-term debt											13,800,000																					13,800,000	12,000,000	13,800,000
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary																												2
Number of container vessels | vessel																												2
US Dollar 76 million secured term loan facility | Floating Rate Debt
Debt Instrument [Line Items]
Aggregate debt amount																											$ 76,000,000
Debt instrument, term																											7 years
Long-term debt											48,700,000																					48,700,000	43,500,000	48,700,000
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary																											2
Number of vessels against which loan was secured | tanker																											2
4.875% senior unsecured convertible bonds due 2023
Debt Instrument [Line Items]
Aggregate debt amount				$ 150,000,000																																														$ 14,000,000
Long-term debt											137,900,000																					137,900,000	$ 0	137,900,000
Interest rate (as a percent)				4.875%																													4.875%						4.875%
Amount of debt repurchased						$ 84,900,000
Conversion price (in dollars per share) | $ / shares				$ 18.93																													$ 11.76
Repurchase of bonds																																	$ 53,000,000		2,000,000
Gain (loss) on repurchase of debt instrument																																	$ (200,000)		200,000
Own share lending arrangement, shares transferred (in shares) | shares																																	3,765,142
Shares loaned to affiliate (in shares) | shares																																	3,765,842						3,765,842										3,765,842
Recognition of equity component arising from issuance of 4.875% convertible bonds due 2023																																	$ 800,000	800,000	6,700,000
Amortization of deferred charges																																			1,400,000
Total allocated as the reacquisition of the equity component																																			$ 100,000
US dollar 17.5 million secured term loan facility | Floating Rate Debt
Debt Instrument [Line Items]
Aggregate debt amount																									$ 17,500,000												$ 17,500,000
Debt instrument, term																									5 years
Long-term debt											9,400,000																					9,400,000	0	9,400,000
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary																									2
Number of vessels against which loan was secured | tanker																									2												2
US Dollar 24.9 million senior secured term loan facility
Debt Instrument [Line Items]
Long-term debt											15,100,000																					15,100,000	0	15,100,000
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary																								3
Number of vessels against which loan was secured | carrier																								3
Term of loan in years																								5 years
US Dollar 24.9 million senior secured term loan facility | Floating Rate Debt
Debt Instrument [Line Items]
Aggregate debt amount																								$ 24,900,000
US Dollar 33.1 million term loan facility
Debt Instrument [Line Items]
Aggregate debt amount																							$ 33,100,000
Long-term debt											21,900,000																					21,900,000	0	21,900,000
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary																							5													5
Term of loan in years																							4 years
US Dollar 40.0 million senior secured term loan facility
Debt Instrument [Line Items]
Long-term debt											31,900,000																					31,900,000	0	31,900,000
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary																						2
Term of loan in years																						2 years
Number of tankers against which loan was secured | tanker																						2
US Dollar 40.0 million senior secured term loan facility | Floating Rate Debt
Debt Instrument [Line Items]
Aggregate debt amount																						$ 40,000,000											40,000,000
US Dollar 175.0 million term loan facility
Debt Instrument [Line Items]
Aggregate debt amount																						$ 175,000,000
Long-term debt											127,700,000																					127,700,000	108,700,000	127,700,000
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary																						4
Number of container vessels | vessel																						4
Term of loan in years																						5 years
US Dollar 50.0 million senior secured term loan facility
Debt Instrument [Line Items]
Aggregate debt amount																					$ 50,000,000
Long-term debt											43,100,000																					43,100,000	0	43,100,000
Term of loan in years																					5 years
US Dollar 50.0 million senior secured credit facility
Debt Instrument [Line Items]
Aggregate debt amount																				$ 50,000,000													50,000,000
Long-term debt											40,000,000																					40,000,000	35,000,000	40,000,000
Term of loan in years																				4 years
US Dollar 51 million senior secured term loan facility
Debt Instrument [Line Items]
Long-term debt											43,300,000																					43,300,000	39,000,000	43,300,000
Term of loan in years																			4 years
US Dollar 51 million senior secured term loan facility | Floating Rate Debt
Debt Instrument [Line Items]
Aggregate debt amount																			$ 51,000,000
April 2021 US Dollar 51 term loan facility
Debt Instrument [Line Items]
Long-term debt											44,400,000																					44,400,000	40,100,000	44,400,000
Term of loan in years																		4 years
April 2021 US Dollar 51 term loan facility | Floating Rate Debt
Debt Instrument [Line Items]
Aggregate debt amount																		$ 51,000,000
US Dollar 35 million term loan facility
Debt Instrument [Line Items]
Long-term debt											32,900,000																					32,900,000	30,900,000	32,900,000
Term of loan in years																																			7 years
US Dollar 35 million term loan facility | Floating Rate Debt
Debt Instrument [Line Items]
Aggregate debt amount																																			$ 35,000,000
US Dollar 107.3 million term loan facility
Debt Instrument [Line Items]
Long-term debt											$ 102,000,000																					$ 102,000,000	95,700,000	$ 102,000,000
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary																																			3
Term of loan in years																																		5 years
Number of tankers against which loan was secured | tanker																																			3
Number of suezmax tankers against which loan was secured, delivered | tanker											2																					2		2	1					2
Proceeds from long-term lines of credit																																		$ 71,500,000	$ 35,800,000
US Dollar 107.3 million term loan facility | Floating Rate Debt
Debt Instrument [Line Items]
Aggregate debt amount																																			$ 107,300,000
US Dollar 100.0 Million Term Loan Facility
Debt Instrument [Line Items]
Long-term debt											$ 92,400,000																					$ 92,400,000	82,300,000	92,400,000
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary															4
Number of vessels against which loan was secured | vessel															4
Term of loan in years															5 years
US Dollar 100.0 Million Term Loan Facility | Floating Rate Debt
Debt Instrument [Line Items]
Aggregate debt amount															$ 100,000,000
US Dollar 23.0 million term loan facility
Debt Instrument [Line Items]
Long-term debt											21,800,000																					21,800,000	17,200,000	21,800,000
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary													2
Term loan facility, extension term					1 year
Term of loan in years													1 year
Number of drybulk carriers | vessel													2
US Dollar 23.0 million term loan facility | Floating Rate Debt
Debt Instrument [Line Items]
Aggregate debt amount													$ 23,000,000
US Dollar 115.0 term loan facility
Debt Instrument [Line Items]
Long-term debt											110,000,000																					110,000,000	90,000,000	110,000,000
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary													8
Term of loan in years													3 years
Number of drybulk carriers | vessel													8
US Dollar 115.0 term loan facility | Floating Rate Debt
Debt Instrument [Line Items]
Aggregate debt amount													$ 115,000,000
US Dollar 290.0 million term loan facility
Debt Instrument [Line Items]
Debt instrument, term													6 months
Long-term debt											156,000,000																					156,000,000	0	156,000,000
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary													6
US Dollar 290.0 million term loan facility | Floating Rate Debt
Debt Instrument [Line Items]
Aggregate debt amount													$ 290,000,000
144.6 Term Loan Facility
Debt Instrument [Line Items]
Aggregate debt amount										$ 144,600,000
Long-term debt											0																					0	136,900,000	0
Number of subsidiaries of company that entered into term loan facility agreement | subsidiary										4
Term of loan in years										3 years
Number of Suezmax tankers | tanker										4
23.3 Million Term Loan Facility
Debt Instrument [Line Items]
Aggregate debt amount								$ 23,300,000
Long-term debt											0																					0	18,600,000	0
Term of loan in years								1 year
Proceeds from long-term lines of credit																																	18,600,000
23.3 Million Term Loan Facility 2
Debt Instrument [Line Items]
Aggregate debt amount								$ 23,300,000
Long-term debt											0																					0	13,900,000	0
Term of loan in years								1 year
Proceeds from long-term lines of credit																																	13,900,000
US Dollar 15.0 million senior secured term loan facility
Debt Instrument [Line Items]
Aggregate debt amount							$ 150,000,000
Long-term debt											0																					0	148,900,000	0
Term of loan in years							3 years
150 Million Senior Secured Term Loan Facility 2
Debt Instrument [Line Items]
Aggregate debt amount						$ 150,000,000
Long-term debt											0																					0	150,000,000	0
Term of loan in years						3 years
8.4 Million Senior Unsecured Term Loan Facility
Debt Instrument [Line Items]
Aggregate debt amount						$ 8,400,000
Long-term debt											0																					0	8,400,000	0
Term of loan in years						3 years
60 Million Reverse Stock Loan Facility
Debt Instrument [Line Items]
Aggregate debt amount																																	60,000,000
Long-term debt											0																					0	$ 60,000,000	0
Common shares loan to affiliate | shares																																	11,800,000						11,800,000
8.875% senior unsecured sustainability-linked bonds due 2027
Debt Instrument [Line Items]
Aggregate debt amount									$ 150,000,000
Long-term debt											$ 0																					$ 0	$ 150,000,000	$ 0
Interest rate (as a percent)																																	8.875%						8.875%
Issue price, percentage (as a percent)									0.9958
Unamortized discount									$ 600,000

FINANCE LEASE LIABILITY (Schedu

FINANCE LEASE LIABILITY (Schedule of Finance Leases) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Finance lease liability, current portion	$ 419,341	$ 53,655
Finance lease liability, long-term portion	0	419,341
Finance lease liability, total	$ 419,341	$ 472,996

FINANCE LEASE LIABILITY (Narrat

FINANCE LEASE LIABILITY (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2018 vessel
Lessee, Lease, Description [Line Items]
Number of years before option to buy vessel is available	6 years			6 years
Finance lease, interest expense | $	$ 21.1	$ 23.5	$ 25.8
14,000 TEU Containership
Lessee, Lease, Description [Line Items]
Container vessels acquired				4
10,600 TEU Containership
Lessee, Lease, Description [Line Items]
Container vessels acquired				3
Minimum
Lessee, Lease, Description [Line Items]
Term of lease or charter	6 years			6 years
Maximum
Lessee, Lease, Description [Line Items]
Term of lease or charter	11 years			11 years

FINANCE LEASE LIABILITY (Sche_2

FINANCE LEASE LIABILITY (Schedule of Future Minimum Lease Payments) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
2024	$ 433,866
Thereafter	0
Total finance lease liability	433,866
Less: imputed interest payable	(14,525)
Finance lease liability	419,341	$ 472,996
Less: current portion	(419,341)	(53,655)
Finance lease liability, long-term portion	$ 0	$ 419,341

SHARE CAPITAL, ADDITIONAL PAI_3

SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL AND CONTRIBUTED SURPLUS (Summary of Share Capital) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Apr. 30, 2018	Nov. 30, 2016
Stockholders' Equity Note [Abstract]
Common shares, authorized (in shares)	300,000,000	300,000,000
Share capital, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common shares, authorized	$ 3,000	$ 3,000
Share capital, shares issued (in shares)	138,562,173	138,562,173
Common stock, value, issued	$ 1,386	$ 1,386
Treasury stock	$ (10,200)

SHARE CAPITAL, ADDITIONAL PAI_4

SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL AND CONTRIBUTED SURPLUS (Additional Information) (Details)		1 Months Ended				12 Months Ended
	Apr. 23, 2018 USD ($)	May 31, 2023 USD ($)	Apr. 30, 2022 USD ($) shares	Oct. 31, 2021 USD ($)	Apr. 30, 2018 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) shares	May 08, 2023 USD ($)	Apr. 15, 2022 shares	Jan. 01, 2022 USD ($)	Dec. 31, 2020 USD ($)	May 31, 2018 shares	May 04, 2018 USD ($)	Nov. 30, 2016 $ / shares shares	Oct. 31, 2016 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stockholders' equity attributable to parent						$ 1,039,397,000	$ 1,091,231,000	$ 982,327,000
New shares issued (in shares) | shares							10,786
Common stock, par value (in dollars per share) | $ / shares					$ 0.01	$ 0.01	$ 0.01								$ 0.01
Options exercised (in shares) | shares						0	85,500	129,000
Payments in lieu of issuing shares								$ 100,000
Proceeds from issuance of common stock						$ 0	$ 0	89,280,000
Repurchase of bonds						$ 205,848,000	$ 0	215,098,000
Common shares, authorized (in shares) | shares						300,000,000	300,000,000
Total authorized for share lending arrangement (in shares) | shares					7,000,000	11,765,842
Authorized repurchase amount									$ 100,000,000
Own share lending arrangement shares, held by transfer agent (in shares) | shares						700
Number of shares repurchased (in shares) | shares						1,095,095
Average cost per share repurchased (in dollars per share) | $ / shares						$ 9.27
Value of shares repurchased						$ 10,200,000
Remaining authorized purchase amount						89,847,972
Shares outstanding value						0
Retained earnings / (accumulated deficit)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stockholders' equity attributable to parent						960,000	$ 40,015,000	(92,720,000)				$ (257,063,000)
Dividends declared						122,992,000	74,318,000	0
Additional paid-in capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stockholders' equity attributable to parent						618,164,000	616,554,000	621,037,000				531,382,000
Payments in lieu of issuing shares						0	0	(97,000)
Contributed surplus
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stockholders' equity attributable to parent						424,562,000	424,562,000	461,818,000				$ 539,370,000
Dividends declared						$ 0	$ 37,256,000	77,552,000
Senior unsecured convertible bonds due 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate debt amount																$ 225,000,000
Senior unsecured convertible bonds due 2021 | Additional paid-in capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognition of equity component arising from issuance of 4.875% convertible bonds due 2023								4,600,000
General share lending agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares loaned to affiliate (in shares) | shares															8,000,000
4.875% senior unsecured convertible bonds due 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Interest rate (as a percent)							4.875%
Recognition of equity component arising from issuance of 4.875% convertible bonds due 2023					$ 7,900,000		$ (100,000)
4.875% senior unsecured convertible bonds due 2023 | Additional paid-in capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognition of equity component arising from issuance of 4.875% convertible bonds due 2023	$ 7,900,000
Senior unsecured convertible bonds due 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Interest rate (as a percent)				5.75%												5.75%
Repurchase of bonds								67,600,000
Total allocated as the reacquisition of the equity component								400,000
Shares loaned to affiliate (in shares) | shares					3,765,842											8,000,000
Own share lending arrangement, shares transferred (in shares) | shares						8,000,000
Amount of debt repurchased				$ 144,700,000
4.875% senior unsecured convertible bonds due 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Interest rate (as a percent)	4.875%					4.875%
Recognition of equity component arising from issuance of 4.875% convertible bonds due 2023						$ 800,000	$ 800,000	6,700,000
Repurchase of bonds						$ 53,000,000		2,000,000
Total allocated as the reacquisition of the equity component								$ 100,000
Aggregate debt amount	$ 150,000,000													$ 14,000,000
Shares loaned to affiliate (in shares) | shares						3,765,842							3,765,842
Own share lending arrangement, shares transferred (in shares) | shares						3,765,142
Debt instrument, convertible, conversion ratio	0.0528157000					0.0850332000
Amount of debt repurchased		$ 84,900,000
Dividend Reinvestment Plan (DRIP)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend reinvestment plan, maximum number of shares authorized (in shares) | shares										10,000,000
At The Market
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
New shares issued (in shares) | shares			11,400,000
Equity distribution agreement, maximum value of shares authorized			$ 100,000,000
Proceeds from issuance of common stock			$ 90,200,000
At The Market and Dividend Reinvestment Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
New shares issued (in shares) | shares						0	0	10,700,000
Proceeds from issuance of common stock								$ 89,400,000
Premium on issuance of new shares								89,300,000
Cumulative Effect, Period Of Adoption, Adjustment
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stockholders' equity attributable to parent											$ (1,600,000)
Cumulative Effect, Period Of Adoption, Adjustment | Retained earnings / (accumulated deficit)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stockholders' equity attributable to parent								4,285,000			4,300,000
Cumulative Effect, Period Of Adoption, Adjustment | Additional paid-in capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stockholders' equity attributable to parent								$ (5,863,000)			$ (5,900,000)

SHARE OPTION PLAN (Narrative) (

SHARE OPTION PLAN (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, expired (in shares)		68,000
Expired, price per share (in dollars per share)		$ 9.47
Expired, aggregate intrinsic value		$ 0
Granted (in shares)	440,000	440,000	435,000	480,000
Expected life of options (in years)	5 years	3 years 6 months	3 years 6 months	3 years 6 months
Vesting period (in years)	3 years
Granted (in dollars per share)	$ 10.34	$ 10.34	$ 8.73	$ 8.79
Weighted average fair value of options granted (in dollars per share)		$ 3.93	$ 3.06	$ 2.87
Risk free interest rate (as a percent)		4.32%	1.80%	0.33%
Expected share price volatility (as a percent)		45.50%	45.60%	44.60%
Expected dividend yield (as a percent)		0%	0%	0%
Options exercised (in shares)		0	85,500	129,000
Total intrinsic value of options exercised during the period			$ 0.1	$ 0.1
Cash payment in lieu of issuing shares				$ 0.1
New shares issued (in shares)			10,786
Exercisable at end of year (in shares)		1,265,000	919,667	578,500
Intrinsic value of exercisable options		$ 4.4	$ 0.2	$ 0
Weighted average remaining contractual term		1 year 3 months 18 days
Unrecognized compensation costs related to non-vested options granted		$ 1.1	1	1
Nonvested options, intrinsic value		$ 2.9	$ 0	$ 1
Unrecognized compensation costs, period of recognition (in years)		9 months 18 days	1 year 2 months 12 days	10 months 24 days
Additional paid-in capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock options, compensation cost recognized in the period		$ 1.6
APIC, share-based payment arrangement, option, increase for cost recognition		$ 1.6	$ 1.4	$ 1

SHARE OPTION PLAN (Details)

SHARE OPTION PLAN (Details) - $ / shares	1 Months Ended	12 Months Ended
	Feb. 28, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Options
Options outstanding at beginning of year (in shares)		1,783,000	1,433,500	1,082,500
Granted (in shares)	440,000	440,000	435,000	480,000
Options exercised (in shares)		0	(85,500)	(129,000)
Forfeited (in shares)		(68,000)	0	0
Options outstanding at end of year (in shares)		2,155,000	1,783,000	1,433,500
Exercisable at end of year (in shares)		1,265,000	919,667	578,500
Weighted average exercise price $
Options outstanding at beginning of year (in dollars per share)		$ 8.55	$ 9.65	$ 10.56
Granted (in dollars per share)	$ 10.34	10.34	8.73	8.79
Exercised (in dollars per share)		0	8.87	7.48
Forfeited (in dollars per share)		9.47	0	0
Options outstanding at end of year (in dollars per share)		7.91	8.55	9.65
Exercisable at end of year (in dollars per share)		$ 7.83	$ 9	$ 10.02

RELATED PARTY TRANSACTIONS (Sch

RELATED PARTY TRANSACTIONS (Schedule of Amounts Due From and to Related Parties, Excluding Direct Financing Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Loans and long term receivables from related parties including associates	$ 45,000	$ 45,000
Related Party
Related Party Transaction [Line Items]
Allowance for expected credit losses	(24)	(30)
Other receivables	3,532	4,392
Loans and long term receivables from related parties including associates	45,000	45,000
Total amount due to related parties	2,890	1,936
Related Party | Frontline
Related Party Transaction [Line Items]
Other receivables, gross	2,907	3,854
Total amount due to related parties	0	2
Related Party | Golden Ocean
Related Party Transaction [Line Items]
Other receivables, gross	0	374
Total amount due to related parties	57	141
Related Party | Seatankers
Related Party Transaction [Line Items]
Other receivables, gross	411	0
Related Party | Sloane Square Capital
Related Party Transaction [Line Items]
Other receivables, gross	201	183
Related Party | NorAm Drilling
Related Party Transaction [Line Items]
Other receivables, gross	24	0
Related Party | River Box
Related Party Transaction [Line Items]
Other receivables, gross	11	10
Related Party | Other related parties
Related Party Transaction [Line Items]
Other receivables, gross	2	1
Total amount due to related parties	20	5
Related Party | Frontline Shipping
Related Party Transaction [Line Items]
Total amount due to related parties	2,813	1,788
River Box | Related Party
Related Party Transaction [Line Items]
Loans and long term receivables from related parties including associates	$ 45,000	$ 45,000

RELATED PARTY TRANSACTIONS (Add

RELATED PARTY TRANSACTIONS (Additional Information) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) tanker	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Feb. 22, 2022
Related Party Transaction [Line Items]
Gain (loss) on sale of vessel | $	$ 18,670,000	$ 13,228,000	$ 39,405,000
Management fee, percentage	1.25%
Number of Suezmax tankers operating in the spot market for which company pays management fee | tanker	2
Number of product tankers operating on time charter for which company pays management fee | tanker	6
Number of Suezmax tankers for which company pays management fee | tanker	9
Frontline Management
Related Party Transaction [Line Items]
Management/operating fee (fee per day) | $	$ 150
West Taurus
Related Party Transaction [Line Items]
Gain (loss) on sale of vessel | $			$ (600,000)
Seadrill
Related Party Transaction [Line Items]
Percentage of post-emergency bankruptcy allowance				0.01

RELATED PARTY TRANSACTIONS (Rel

RELATED PARTY TRANSACTIONS (Related Party Leasing and Service Contracts) (Details) shares in Millions	1 Months Ended	4 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($) shares	Jun. 30, 2023 tanker	Dec. 31, 2023 USD ($) tanker carrier vessel	Dec. 31, 2022 USD ($) carrier drillingRig vessel shares	Dec. 31, 2021 USD ($) vessel shares	Dec. 31, 2019 USD ($) carrier
Related Party Transaction [Line Items]
Short-term maturities in credit loss provisions			$ 23,079,000
Interest income – related parties, long term loans to associated companies			$ 4,563,000	$ 4,563,000	$ 6,921,000
Number of capesize drybulk carriers owned | carrier			8
Profit sharing percent of earnings from Frontline from July 1, 2015 onwards			50%
Number of container vessels owned | vessel			32
Management fee, percentage			1.25%
Number of Suezmax tankers operating in the spot market for which company pays management fee | tanker			2
Number of product tankers operating on time charter for which company pays management fee | tanker			6
Number of Suezmax tankers for which company pays management fee | tanker			9
Front Force and Front Energy
Related Party Transaction [Line Items]
Gain on sale of vessels				$ 1,500,000
Number of container vessels owned | vessel				2
Frontline Shipping
Related Party Transaction [Line Items]
Number of container vessels owned | vessel			2
Common Stock - Frontline Ltd
Related Party Transaction [Line Items]
Forward contract to repurchase shares (shares) | shares	1.4			1.4	1.4
Forward contract to repurchase shares				$ 16,700,000
Aggregate debt amount	$ (15,600,000)
Interest income – related parties, long term loans to associated companies				4,600,000
Frontline Shipping
Related Party Transaction [Line Items]
Assets accounted for as direct financing leases and leased to related parties | vessel					2
Direct financing lease following the sale of River Box					$ 69,800,000
Short-term maturities in credit loss provisions					6,500,000
Compensation received on termination of charters, notes receivable				4,500,000
Total amount due to related parties			$ 2,800,000	1,800,000
Other receivables			$ 2,900,000	$ 3,900,000
Golden Ocean
Related Party Transaction [Line Items]
Lessee, operating lease, number of leased carriers | carrier			8
Property subject to or available for operating lease, number of units | carrier				8
Operating lease, right-of-use asset			$ 142,900,000	$ 162,100,000
Number of capesize drybulk carriers financed | carrier						7
Number of capesize drybulk carriers owned | carrier						8
Finance lease per vessel						$ 2,500,000
Increase in charter hire per day						$ 1,535,000
Number of dry bulk carriers operating on time-charters | carrier			8
Related party transactions profit share of earnings on lease vessels received from related party			33%
Seadrill
Related Party Transaction [Line Items]
Operating lease, right-of-use asset					$ 599,300,000
Number of leased drilling rigs under operating lease | drillingRig				2
Frontline Management
Related Party Transaction [Line Items]
Management/operating fee (fee per day)			$ 150
Number of container vessels operating on time charter, subcontracted to related party | vessel			23
Number of drybulk carriers operating on time charter, sub contracted to related party | carrier			7
Number of suezmax tankers operating on time charter, subcontracted to related party | tanker			9
Number of car carriers operating on time charter, subcontracted to related party | carrier			5
Number of product tankers operating on time charter, sub contracted to related party | tanker			6
Number of chemical tankers operating on time charter, sub contracted to related party | tanker			2
Number of suezmax tankers sold | tanker		2
Number of chemical tankers sold | tanker		2
Frontline Management | Vessels Leased to Frontline Charterers
Related Party Transaction [Line Items]
Management/operating fee (fee per day)			$ 9,000
Golden Ocean Management | Golden Ocean
Related Party Transaction [Line Items]
Management/operating fee (fee per day)			$ 7,000

RELATED PARTY TRANSACTIONS (Sum

RELATED PARTY TRANSACTIONS (Summary of Leasing Revenues Earned From Related Parties) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Profit share	$ 0	$ 3,044	$ 10,103
Direct financing lease interest income	0	382	5,186
Direct financing lease service revenue	0	1,746	6,570
Golden Ocean
Related Party Transaction [Line Items]
Operating lease income	54,600	52,300	50,500
Profit share	0	3,000	9,800
Frontline Shipping
Related Party Transaction [Line Items]
Profit share	0	0	300
Direct financing lease interest income	0	400	1,500
Direct financing lease service revenue	0	1,700	6,600
Direct financing lease repayments	0	1,800	6,300
Seadrill
Related Party Transaction [Line Items]
Operating lease income	0	17,800	28,900
Direct financing lease interest income	0	0	3,700
Direct financing lease repayments	$ 0	$ 0	$ 2,700

RELATED PARTY TRANSACTIONS (S_2

RELATED PARTY TRANSACTIONS (Schedule of Fees Incurred with Related Parties) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Vessel Management Fees	$ 22,736	$ 24,141	$ 28,623
Administration Services Fees	1,455	1,541	740
Frontline
Related Party Transaction [Line Items]
Vessel Management Fees	2,296	3,679	7,794
Newbuilding Supervision Fees	1,514	1,030	132
Commissions and Brokerage	403	498	260
Administration Services Fees	11	7	159
Golden Ocean
Related Party Transaction [Line Items]
Vessel Management Fees	20,440	20,440	20,440
Administration Services Fees	0	0	56
Operating Management Fees	0	22	389
Seatankers
Related Party Transaction [Line Items]
Administration Services Fees	304	428	226
Credit Note			300
Front Ocean
Related Party Transaction [Line Items]
Administration Services Fees	597	483	23
Seatankers Management Norway AS
Related Party Transaction [Line Items]
Office Facilities	(10)	106	112
Front Ocean Management AS
Related Party Transaction [Line Items]
Office Facilities	310	0	0
Frontline Management AS
Related Party Transaction [Line Items]
Office Facilities	0	341	252
Frontline Corporate Services Ltd.
Related Party Transaction [Line Items]
Office Facilities	163	93	187
Frontline Shipping Singapore PTE Ltd
Related Party Transaction [Line Items]
Office Facilities	0	0	19
Frontline Management (Bermuda) Limited
Related Party Transaction [Line Items]
Office Facilities	14	0	0
Golden Ocean Shipping Co Pte. Ltd
Related Party Transaction [Line Items]
Office Facilities	79	80	0
NorAm Drilling AS
Related Party Transaction [Line Items]
Office Facilities	(13)	0	0
Flex LNG Management Ltd
Related Party Transaction [Line Items]
Office Facilities	$ 0	$ 3	$ 0

RELATED PARTY TRANSACTIONS (R_2

RELATED PARTY TRANSACTIONS (Related Party Loans – Associated Companies) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
River Box
Related Party Transaction [Line Items]
Total loans to related parties - associated companies, long-term	$ 45	$ 45

RELATED PARTY TRANSACTIONS (Int

RELATED PARTY TRANSACTIONS (Interest Income Received on Loans) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Interest income – related parties, long term loans to associated companies	$ 4,563	$ 4,563	$ 6,921
River Box
Related Party Transaction [Line Items]
Interest income – related parties, long term loans to associated companies	4,600	4,600	4,600
SFL Hercules Ltd
Related Party Transaction [Line Items]
Interest income – related parties, long term loans to associated companies	$ 0	$ 0	$ 2,400

RELATED PARTY TRANSACTIONS (R_3

RELATED PARTY TRANSACTIONS (Related Party Purchases and Sales of Vessels) (Details) - Affiliates of Frontline Limited $ in Millions	1 Months Ended	2 Months Ended	12 Months Ended
	Dec. 31, 2021 tanker	Feb. 28, 2022 tanker	Dec. 31, 2021 USD ($) tanker
Related Party Transaction [Line Items]
Number of product tankers			4
Product tankers, purchase price | $			$ 160
Number of product tankers delivered	2	2

RELATED PARTY TRANSACTIONS (Oth

RELATED PARTY TRANSACTIONS (Other Related Party Transactions) (Details) shares in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Mar. 31, 2021 USD ($) vessel	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) vessel	Dec. 31, 2023 USD ($) shares
ADS Maritime Holding
Related Party Transaction [Line Items]
Final dividend distribution			$ 8.8
Number of vessels sold | vessel	2		2
Disposition of investment			$ 0.8
Gain/(Loss) on investments in debt and equity securities	$ 0.7		$ 0.7
Common stock - NorAm Drilling
Related Party Transaction [Line Items]
Investment owned (in shares) | shares		1.3		1.3
Investment and debt securities, fair value				$ 5.1
Corporate Bond Securities, NorAm Drilling
Related Party Transaction [Line Items]
Accumulated unrealized gain (loss)		$ 0.5

RELATED PARTY TRANSACTIONS (Div

RELATED PARTY TRANSACTIONS (Dividends and Income Received) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
Dividend income – related parties	$ 1,246	$ 128	$ 0
Interest income related parties, others	$ 0	$ 463	$ 443

FINANCIAL INSTRUMENTS (Details)

FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Total derivative instruments -short-term assets	$ 4,617	$ 1,936
Total derivative instruments - long-term assets	13,608	26,716
Total derivative instruments - short-term liabilities	12,366	16,861
Total derivative instruments - long-term liabilities	8,965	14,357
Designated as hedging instrument | Interest rate swaps
Derivative [Line Items]
Total derivative instruments -short-term assets	4,333	1,229
Total derivative instruments - long-term assets	2,357	12,963
Designated as hedging instrument | Cross currency interest rate swaps
Derivative [Line Items]
Total derivative instruments - short-term liabilities	0	2,260
Total derivative instruments - long-term liabilities	0	4,054
Designated as hedging instrument | Cross currency swaps
Derivative [Line Items]
Total derivative instruments - short-term liabilities	11,845	14,601
Total derivative instruments - long-term liabilities	8,965	10,233
Not designated as hedging instrument
Derivative [Line Items]
Total derivative instruments -short-term assets	300	700
Not designated as hedging instrument | Interest rate swaps
Derivative [Line Items]
Total derivative instruments -short-term assets	284	707
Total derivative instruments - long-term assets	11,251	13,753
Not designated as hedging instrument | Cross currency swaps
Derivative [Line Items]
Total derivative instruments - short-term liabilities	85	0
Total derivative instruments - long-term liabilities	0	70
Not designated as hedging instrument | Commodity swaps
Derivative [Line Items]
Total derivative instruments - short-term liabilities	$ 436	$ 0

FINANCIAL INSTRUMENTS (Interest

FINANCIAL INSTRUMENTS (Interest Rate Risk Management) (Details) $ in Thousands	Dec. 31, 2023 NOK (kr)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jan. 21, 2020 NOK (kr)	Jun. 04, 2019 NOK (kr)
Derivative [Line Items]
Notional principal amount		$ 400,000	$ 600,000
NOK700 million senior unsecured bonds due 2024
Derivative [Line Items]
Aggregate debt amount | kr	kr 700,000,000				kr 700,000,000
NOK700 million senior unsecured bonds due 2024 | Norwegian Interbank Offered Rate ("NIBOR")
Derivative [Line Items]
Spread on rate (as a percent)	4.60%	4.60%
NOK600 million senior unsecured bonds due 2025
Derivative [Line Items]
Aggregate debt amount | kr	kr 600,000,000			kr 600,000,000
NOK600 million senior unsecured bonds due 2025 | Secured Overnight Financing Rate ("SOFR"), closing rate
Derivative [Line Items]
Spread on rate (as a percent)	4.80%	4.80%
NOK600 million senior unsecured bonds due 2025 | Norwegian Interbank Offered Rate ("NIBOR")
Derivative [Line Items]
Spread on rate (as a percent)	4.40%	4.40%
Minimum | NOK700 million senior unsecured bonds due 2024 | Secured Overnight Financing Rate ("SOFR"), closing rate
Derivative [Line Items]
Spread on rate (as a percent)	5%	5%
Maximum | NOK700 million senior unsecured bonds due 2024 | Secured Overnight Financing Rate ("SOFR"), closing rate
Derivative [Line Items]
Spread on rate (as a percent)	5.10%	5.10%
$30,000 (remaining at $30,000)
Derivative [Line Items]
Notional principal amount		$ 30,000
Notional principal, at maturity		$ 30,000
Fixed interest rate	1.90%	1.90%
$48,332 (remaining at $48,332)
Derivative [Line Items]
Notional principal amount		$ 48,332
Notional principal, at maturity		$ 48,332
$48,332 (remaining at $48,332) | Minimum
Derivative [Line Items]
Fixed interest rate	1.80%	1.80%
$100,000 (remaining at $100,000)
Derivative [Line Items]
Notional principal amount		$ 100,000
Notional principal, at maturity		$ 100,000
$100,000 (remaining at $100,000) | Minimum
Derivative [Line Items]
Fixed interest rate	1.20%	1.20%
$100,000 (remaining at $100,000) | Maximum
Derivative [Line Items]
Fixed interest rate	1.30%	1.30%
$67,500 (remaining at $67,500)
Derivative [Line Items]
Notional principal amount		$ 67,500
Notional principal, at maturity		$ 67,500
Fixed interest rate	1.10%	1.10%
$108,735 (reducing to $92,233)
Derivative [Line Items]
Notional principal amount		$ 108,735
Notional principal, at maturity		$ 92,233
$108,735 (reducing to $92,233) | Maximum
Derivative [Line Items]
Fixed interest rate	0.20%	0.20%

FINANCIAL INSTRUMENTS (Foreign

FINANCIAL INSTRUMENTS (Foreign Currency Risk Management) (Details) $ in Millions	Dec. 31, 2023 NOK (kr)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jan. 21, 2020 NOK (kr)	Jun. 04, 2019 NOK (kr)
Derivative [Line Items]
Debt amount | $		$ 400	$ 600
NOK700 million senior unsecured bonds due 2024
Derivative [Line Items]
Aggregate debt amount	kr 700,000,000				kr 700,000,000
NOK600 million senior unsecured bonds due 2025
Derivative [Line Items]
Aggregate debt amount	600,000,000			kr 600,000,000
Designated as hedging instrument | Cross currency interest rate contract due June 2024
Derivative [Line Items]
Debt amount	700,000,000	80.5
Designated as hedging instrument | Cross currency interest rate contract due January 2025
Derivative [Line Items]
Debt amount	kr 600,000,000	$ 67.5

FINANCIAL INSTRUMENTS (Fair Val

FINANCIAL INSTRUMENTS (Fair Value and Carrying Value) (Details)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 NOK (kr)	Feb. 28, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 NOK (kr)	Dec. 31, 2021 USD ($)	Jan. 21, 2020 NOK (kr)	Jul. 30, 2019 NOK (kr)	Jun. 04, 2019 NOK (kr)	Sep. 13, 2018 NOK (kr)	May 04, 2018 USD ($)	Apr. 23, 2018 USD ($)
Non-derivatives:
Equity securities	$ 5,104,000			$ 7,283,000		$ 11,530,000
Long-term debt	2,163,688,000			2,213,636,000
Derivatives:
Financial instruments at fair value, current portion	4,617,000			1,936,000
Interest rate/ currency/ commodity swap contracts – long-term receivables	13,608,000			26,716,000
Long term receivables, non-designated swap contracts	11,300,000			13,800,000
Long term payables, non-designated swap contracts	0			100,000
Not designated as hedging instrument
Derivatives:
Financial instruments at fair value, current portion	300,000			700,000
Interest rate/ currency/ commodity swap contracts – short-term payables	$ 500,000			0
4.875% senior unsecured convertible bonds due 2023
Non-derivatives:
Aggregate debt amount											$ 14,000,000	$ 150,000,000
Interest rate (in percentage)	4.875%	4.875%										4.875%
Long-term debt	$ 0			137,900,000
8.875% senior unsecured sustainability-linked bonds due 2027
Non-derivatives:
Aggregate debt amount			$ 150,000,000
Interest rate (in percentage)	8.875%	8.875%
Long-term debt	$ 150,000,000			0
NOK700 million senior unsecured bonds due 2023
Non-derivatives:
Aggregate debt amount | kr		kr 700,000,000			kr 700,000,000			kr 700,000,000		kr 600,000,000
Long-term debt	0	0		71,200,000	700,000,000
NOK700 million senior unsecured bonds due 2024
Non-derivatives:
Aggregate debt amount | kr		700,000,000							kr 700,000,000
Long-term debt	68,400,000	695,000,000		70,700,000	695,000,000
NOK600 million senior unsecured bonds due 2025
Non-derivatives:
Aggregate debt amount | kr		600,000,000					kr 600,000,000
Long-term debt	58,100,000	kr 590,000,000		60,000,000	kr 590,000,000
Fair Value, Recurring | Carrying value
Non-derivatives:
Equity securities	5,104,000			7,283,000
Derivatives:
Financial instruments at fair value, current portion	4,617,000			1,936,000
Interest rate/ currency/ commodity swap contracts – long-term receivables	13,608,000			26,716,000
Interest rate/ currency/ commodity swap contracts – short-term payables	12,366,000			16,861,000
Interest rate/ currency swap/ commodity contracts – long-term payables	8,965,000			14,357,000
Fair Value, Recurring | Fair value
Non-derivatives:
Equity securities	5,104,000			7,283,000
Derivatives:
Financial instruments at fair value, current portion	4,617,000			1,936,000
Interest rate/ currency/ commodity swap contracts – long-term receivables	13,608,000			26,716,000
Interest rate/ currency/ commodity swap contracts – short-term payables	12,366,000			16,861,000
Interest rate/ currency swap/ commodity contracts – long-term payables	8,965,000			14,357,000
Fair Value, Recurring | 4.875% senior unsecured convertible bonds due 2023 | Carrying value
Non-derivatives:
Long-term debt	0			137,900,000
Fair Value, Recurring | 4.875% senior unsecured convertible bonds due 2023 | Fair value
Non-derivatives:
Long-term debt	0			137,211,000
Fair Value, Recurring | 7.25% senior unsecured sustainability-linked bonds due 2026 | Carrying value
Non-derivatives:
Long-term debt	150,000			150,000,000
Fair Value, Recurring | 7.25% senior unsecured sustainability-linked bonds due 2026 | Fair value
Non-derivatives:
Long-term debt	146,310,000			144,188,000
Fair Value, Recurring | 8.875% senior unsecured sustainability-linked bonds due 2027 | Carrying value
Non-derivatives:
Long-term debt	150,000			0
Fair Value, Recurring | 8.875% senior unsecured sustainability-linked bonds due 2027 | Fair value
Non-derivatives:
Long-term debt	152,820,000			0
Fair Value, Recurring | NOK700 million senior unsecured bonds due 2023 | Carrying value
Non-derivatives:
Long-term debt	0			71,243,000
Fair Value, Recurring | NOK700 million senior unsecured bonds due 2023 | Fair value
Non-derivatives:
Long-term debt	0			71,421,000
Fair Value, Recurring | NOK700 million senior unsecured bonds due 2024 | Carrying value
Non-derivatives:
Long-term debt	68,426,000			70,734,000
Fair Value, Recurring | NOK700 million senior unsecured bonds due 2024 | Fair value
Non-derivatives:
Long-term debt	68,919,000			70,734,000
Fair Value, Recurring | NOK600 million senior unsecured bonds due 2025 | Carrying value
Non-derivatives:
Long-term debt	58,089,000			60,048,000
Fair Value, Recurring | NOK600 million senior unsecured bonds due 2025 | Fair value
Non-derivatives:
Long-term debt	$ 59,181,000			$ 60,348,000

FINANCIAL INSTRUMENTS (Fair V_2

FINANCIAL INSTRUMENTS (Fair Value Hierarchy) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	May 12, 2021	Apr. 23, 2018
Assets:
Equity securities	$ 5,104	$ 7,283	$ 11,530
Financial instruments at fair value, current portion	4,617	1,936
Interest rate/ currency/ commodity swap contracts – long-term receivables	$ 13,608	26,716
7.25% senior unsecured sustainability-linked bonds due 2026
Liabilities:
Interest rate (in percentage)	7.25%			7.25%
Senior Unsecured Convertible Bonds due 2023
Liabilities:
Interest rate (in percentage)	4.875%				4.875%
8.875% senior unsecured sustainability-linked bonds due 2027
Liabilities:
Interest rate (in percentage)	8.875%
Fair Value, Recurring | Fair value
Assets:
Equity securities	$ 5,104	7,283
Financial instruments at fair value, current portion	4,617	1,936
Interest rate/ currency/ commodity swap contracts – long-term receivables	13,608	26,716
Total assets	23,329	35,935
Liabilities:
Floating rate NOK Bonds Due 2023		71,421
NOK700 million senior unsecured floating rate bonds due 2024	68,919	70,734
NOK600 million senior unsecured floating rate bonds due 2025	59,181	60,348
Interest rate/ currency/ commodity swap contracts – short-term payables	12,366	16,861
Interest rate/ currency/ commodity swap contracts – long-term payables	8,965	14,357
Total liabilities	448,561	515,120
Fair Value, Recurring | Fair value | Senior Unsecured Convertible Bonds due 2023
Liabilities:
Unsecured convertible bonds		137,211
Fair Value, Recurring | Fair value | 7.25% senior unsecured sustainability-linked bonds due 2026
Liabilities:
Senior Unsecured Sustainability Linked Bonds	146,310	144,188
Fair Value, Recurring | Fair value | 8.875% senior unsecured sustainability-linked bonds due 2027
Liabilities:
Senior Unsecured Sustainability Linked Bonds	152,820
Fair Value, Recurring | Fair value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Equity securities	5,104	7,283
Total assets	5,104	7,283
Liabilities:
Floating rate NOK Bonds Due 2023		71,421
NOK700 million senior unsecured floating rate bonds due 2024	68,919	70,734
NOK600 million senior unsecured floating rate bonds due 2025	59,181	60,348
Total liabilities	427,230	483,902
Fair Value, Recurring | Fair value | Quoted Prices in Active Markets for Identical Assets (Level 1) | Senior Unsecured Convertible Bonds due 2023
Liabilities:
Unsecured convertible bonds		137,211
Fair Value, Recurring | Fair value | Quoted Prices in Active Markets for Identical Assets (Level 1) | 7.25% senior unsecured sustainability-linked bonds due 2026
Liabilities:
Senior Unsecured Sustainability Linked Bonds	146,310	144,188
Fair Value, Recurring | Fair value | Quoted Prices in Active Markets for Identical Assets (Level 1) | 8.875% senior unsecured sustainability-linked bonds due 2027
Liabilities:
Senior Unsecured Sustainability Linked Bonds	152,820
Fair Value, Recurring | Fair value | Fair Value, Inputs, Level 2
Assets:
Financial instruments at fair value, current portion	4,617	1,936
Interest rate/ currency/ commodity swap contracts – long-term receivables	13,608	26,716
Total assets	18,225	28,652
Liabilities:
Interest rate/ currency/ commodity swap contracts – short-term payables	12,366	16,861
Interest rate/ currency/ commodity swap contracts – long-term payables	8,965	14,357
Total liabilities	21,331	31,218
Fair Value, Recurring | Fair value | Significant Unobservable Inputs (Level 3)
Assets:
Total assets	0	0
Liabilities:
Total liabilities	$ 0	$ 0

FINANCIAL INSTRUMENTS (Narrativ

FINANCIAL INSTRUMENTS (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) transaction	Dec. 31, 2022 USD ($)	May 12, 2021	Apr. 23, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of cash-settled commodity swap transactions | transaction	2
Collateral deposits on swap agreements	$ 7,090	$ 8,770
River Box | Net Income | Customer Concentration Risk
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Concentration risk, percentage	9%	4%
7.25% senior unsecured sustainability-linked bonds due 2026
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate (as a percent)	7.25%		7.25%
4.875% senior unsecured convertible bonds due 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate (as a percent)	4.875%			4.875%
River Box
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total loans to related parties - associated companies, long-term	$ 45,000	$ 45,000

FINANCIAL INSTRUMENTS (Concentr

FINANCIAL INSTRUMENTS (Concentration Risks) (Details) - vessel	1 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Maersk | Revenue Benchmark | Customer Concentration Risk
Concentration Risk [Line Items]
Number of vessels and rigs chartered		16	16
Concentration risk, percentage		28%	31%
Evergreen Marine
Concentration Risk [Line Items]
Number of vessels redelivered	1
Contract for vessels redelivered (in years)	5 years
Evergreen Marine | Revenue Benchmark | Customer Concentration Risk
Concentration Risk [Line Items]
Number of vessels and rigs chartered		5	6
Concentration risk, percentage		13%	15%
Conocophillips | Revenue Benchmark | Customer Concentration Risk
Concentration Risk [Line Items]
Number of vessels and rigs chartered		1	1
Concentration risk, percentage		10%	3%
Trafigura | Revenue Benchmark | Customer Concentration Risk
Concentration Risk [Line Items]
Number of vessels and rigs chartered		7	7
Concentration risk, percentage		8%	9%
Golden Ocean | Revenue Benchmark | Customer Concentration Risk
Concentration Risk [Line Items]
Number of vessels and rigs chartered		8	8
Concentration risk, percentage		7%	8%

ALLOWANCE FOR EXPECTED CREDIT_3

ALLOWANCE FOR EXPECTED CREDIT LOSSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 3,266	$ 6,988
Derecognition of Seadrill credit loss balances		(3,200)
Change in allowance recorded in 'other financial items'	(458)	(522)
Ending balance	2,808	3,266
Trade receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	260	96
Change in allowance recorded in 'other financial items'	(245)	164
Ending balance	15	260
Other receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	904	486
Change in allowance recorded in 'other financial items'	(88)	418
Ending balance	816	904
Related Party receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	30	3,255
Derecognition of Seadrill credit loss balances		(3,200)
Change in allowance recorded in 'other financial items'	(6)	(25)
Ending balance	24	30
Investment in sales-type, direct financing leases and leaseback assets
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	192	1,263
Change in allowance recorded in 'other financial items'	(119)	(1,071)
Ending balance	73	192
Other long-term assets
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,880	1,888
Change in allowance recorded in 'other financial items'	0	(8)
Ending balance	$ 1,880	$ 1,880

COMMITMENTS AND CONTINGENT LI_3

COMMITMENTS AND CONTINGENT LIABILITIES (Book Value of Assets Pledged) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Other Commitments [Line Items]
Vessels, rigs and equipment, net	$ 2,654,733	$ 2,646,389
Total investment in sales-type lease, direct financing lease and leaseback assets	55,739	119,023
Book value of consolidated assets pledged under ship mortgages	3,731,389	3,861,330
Asset Pledged as Collateral
Other Commitments [Line Items]
Vessels, rigs and equipment, net	2,508,000	2,460,000
Total investment in sales-type lease, direct financing lease and leaseback assets	56,000	119,000
Book value of consolidated assets pledged under ship mortgages	$ 2,564,000	$ 2,579,000

COMMITMENTS AND CONTINGENT LI_4

COMMITMENTS AND CONTINGENT LIABILITIES (Book Value of Assets with Finance Lease Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Other Commitments [Line Items]
Total book value	$ 573	$ 615
Vessels under finance lease, net
Other Commitments [Line Items]
Total book value	$ 573	$ 615

COMMITMENTS AND CONTINGENT LI_5

COMMITMENTS AND CONTINGENT LIABILITIES (Narrative) (Details)	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2024	Jun. 30, 2024 USD ($)	Dec. 31, 2024	Dec. 31, 2023 USD ($)	Dec. 31, 2023 vessel	Dec. 31, 2023 USD ($)	Dec. 31, 2023 carrier	Dec. 31, 2022 USD ($) vessel carrier
Loss Contingencies [Line Items]
Finance lease liability						$ 419,341,000		$ 472,996,000
Number of wells | vessel					1
Number of optional wells | vessel					1
Long-term purchase commitment, amount				$ 0
Subsequent Event | SFL Linus Ltd
Loss Contingencies [Line Items]
SPS related expenses		$ 30,000,000
Equinor Canada Ltd.
Loss Contingencies [Line Items]
Contract duration (in days)				200 days
Volkswagen Group
Loss Contingencies [Line Items]
Number of dual-fuel car carriers | vessel					2
Term of lease or charter				10 years
K Line
Loss Contingencies [Line Items]
Number of dual-fuel car carriers | vessel					2
Term of lease or charter				10 years
K Line | Subsequent Event
Loss Contingencies [Line Items]
Term of lease or charter	10 years
K Line | Forecast
Loss Contingencies [Line Items]
Term of lease or charter			10 years
Debt for acquired equipment
Loss Contingencies [Line Items]
Long-term line of credit						2,200,000,000		2,200,000,000
Installation of BWTS
Loss Contingencies [Line Items]
Other commitment								$ 1,600,000
Number of vessels committed to vessel upgrades | vessel								2
Newbuilding dual-fuel car carriers using liquefied natural gas
Loss Contingencies [Line Items]
Other commitment						$ 77,500,000
Number of dual-fuel car carriers					2		2
Number of newbuilding car carriers | carrier								4

CONSOLIDATED VARIABLE INTERES_2

CONSOLIDATED VARIABLE INTEREST ENTITIES (Details) $ in Thousands	Dec. 31, 2023 USD ($) variable_interest_entity	Dec. 31, 2022 USD ($)
Variable Interest Entity [Line Items]
Long-term debt	$ 2,163,688	$ 2,213,636
Current portion of debt	432,918	921,270
Vessels under finance lease, net	573,454	614,763
Finance lease liability, current portion	$ 419,341	$ 53,655
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Number of variable interest entities | variable_interest_entity	34
VIEs with sales-type leases, direct financing leases, and leaseback assets | variable_interest_entity	7
Net investment in lease	$ 43,000
Unearned lease income	3,100
Residual value of leased asset	31,200
Long-term debt	32,500
Current portion of debt	$ 5,000
VIEs, number with operating lease assets | variable_interest_entity	24
Operating lease, right-of-use asset	$ 885,200
Operating lease liability	572,100
Operating lease liability, current	$ 66,400
VIEs, number with finance lease assets | variable_interest_entity	3
Vessels under finance lease, net	$ 229,100
Finance lease liability, current portion	$ 168,800

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ / shares in Units, $ in Millions		1 Months Ended				12 Months Ended
	Feb. 14, 2024 $ / shares	Mar. 31, 2024	Feb. 29, 2024 $ / shares shares	Jan. 31, 2024 USD ($) vessel $ / shares shares	Feb. 28, 2023 $ / shares shares	Dec. 31, 2023 $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares
Subsequent Event [Line Items]
Options exercised (in shares) | shares						0	85,500	129,000
Average exercise price per share (in dollars per share)						$ 0	$ 8.87	$ 7.48
Intrinsic value of exercised options | $							$ 0.1	$ 0.1
Granted (in shares) | shares					440,000	440,000	435,000	480,000
Vesting period (in years)					3 years
Granted, initial strike price (in dollars per share)					$ 10.34	$ 10.34	$ 8.73	$ 8.79
Subsequent Event
Subsequent Event [Line Items]
Number of newbuild 7,000 CEU dual-fuel car carriers | vessel				4
Time charter term (in years)				10 years
Options exercised (in shares) | shares				43,708
Average exercise price per share (in dollars per share)				$ 6.62
Intrinsic value of exercised options | $				$ 0.5
Granted (in shares) | shares			440,000
Term of awards (in years)			five-year
Vesting period (in years)			3 years
Granted, initial strike price (in dollars per share)			$ 12.02
Dividend declared (in dollars per share)	$ 0.26
Extension term for TEU container vessels (in months)		12 months