v3.25.2
RELATED PARTY TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Schedule of related party transactions
A summary of balances due from related parties and affiliated companies at June 30, 2025 and December 31, 2024 is as follows:

(in thousands of $)June 30,December 31,
20252024
Frontline (Management) Cyprus Limited515 686 
Receivables due from related parties and affiliated companies
515 686 

A summary of balances due to related parties and affiliated companies at June 30, 2025 and December 31, 2024 is as follows:
(in thousands of $)June 30,December 31,
20252024
Seatankers Management Co. Ltd(74)(29)
Frontline (Management) Cyprus Limited(110)(48)
Frontline Corporate Services Ltd(18)(23)
Flex LNG Fleet Management AS(624)(358)
Front Ocean Management AS— (65)
Payables due to related parties and affiliated companies
(826)(523)
A summary of income from related parties and affiliated companies is as follows:

(in thousands of $)Six months ended
June 30,
20252024
Seatankers Services (UK) LLP— 6 
Avance Gas AS3 15 
SFL Corporation(5)— 
Total income from related parties and affiliated companies
(2)21 

A summary of expenses from related parties and affiliated companies is as follows:

(in thousands of $)Six months ended
June 30,
20252024
Administrative service fees
Seatankers Management Co Ltd(188)(99)
Frontline Management (Bermuda) Limited— (96)
Frontline (Management) Cyprus Limited(115)(48)
Front Ocean Management AS(403)(273)
Front Ocean Management Ltd(84)(129)
Technical management fees
Flex LNG Fleet Management AS(1,935)(1,812)
Total expenses from related parties and affiliated companies
(2,725)(2,457)