v3.26.1
RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related party transactions RELATED PARTY TRANSACTIONS
We transact business with the following related parties and affiliated companies (and respective subsidiaries), being companies in which Geveran Trading Co. Ltd ("Geveran") and companies associated with Geveran have significant influence or control, including: SFL Corporation Ltd, Seatankers Management Co. Ltd, Frontline Plc and Front Ocean Management Ltd.
Related Party Balances
A summary of balances due from related parties and affiliated companies at June 30, 2026 and December 31, 2025 is as follows:

(in thousands of $)June 30,December 31,
20262025
Frontline (Management) Cyprus Limited490 340 
Receivables due from related parties and affiliated companies
490 340 
A summary of balances due to related parties and affiliated companies at June 30, 2026 and December 31, 2025 is as follows:
(in thousands of $)June 30,December 31,
20262025
Seatankers Management Co. Ltd(63)(4)
Frontline (Management) Cyprus Limited(100)(50)
Frontline Corporate Services Ltd(38)(21)
Flex LNG Fleet Management AS(649)(309)
SFL UK Management Ltd(3)(4)
Front Ocean Management AS(293)(244)
Front Ocean Management Ltd(45)(41)
Payables due to related parties and affiliated companies
(1,191)(673)

Related Party Transactions

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

(in thousands of $)Six months ended
June 30,
20262025
Avance Gas AS— 3 
Total income from related parties and affiliated companies
— 3 

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

(in thousands of $)Six months ended
June 30,
20262025
Administrative service fees
Seatankers Management Co Ltd(117)(188)
Frontline (Management) Cyprus Limited(100)(115)
Front Ocean Management AS(461)(403)
Front Ocean Management Ltd(132)(84)
Technical management fees
Flex LNG Fleet Management AS(844)(1,935)
Office facilities
SFL UK Management Ltd(3)(5)
Frontline Corporate Services Ltd(68)— 
Total expenses from related parties and affiliated companies
(1,724)(2,730)