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SFL Corp. Ltd. – ‘20-F’ for 12/31/20 – ‘EX-15.1’

On:  Monday, 3/22/21, at 4:12pm ET   ·   For:  12/31/20   ·   Accession #:  1289877-21-8   ·   File #:  1-32199

Previous ‘20-F’:  ‘20-F’ on 3/27/20 for 12/31/19   ·   Next:  ‘20-F’ on 3/24/22 for 12/31/21   ·   Latest:  ‘20-F’ on 3/14/24 for 12/31/23   ·   18 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/22/21  SFL Corp. Ltd.                    20-F       12/31/20  145:21M

Annual or Annual-Transition Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual or Annual-Transition Report by a Foreign     HTML   2.66M 
                Non-Canadian Issuer                                              
 2: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     72K 
 5: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     37K 
 6: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     37K 
 4: EX-12.1     Statement re: the Computation of Ratios             HTML     41K 
 3: EX-12.2     Statement re: the Computation of Ratios             HTML     40K 
 7: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     36K 
14: R1          Cover                                               HTML    106K 
15: R2          Consolidated Statements of Operations               HTML    131K 
16: R3          Consolidated Statements of Comprehensive Income     HTML     62K 
17: R4          Consolidated Balance Sheets                         HTML    138K 
18: R5          Consolidated Balance Sheets (Parenthetical)         HTML     46K 
19: R6          Consolidated Statements of Cash Flows               HTML    157K 
20: R7          Consolidated Statements of Changes in               HTML    167K 
                Stockholders' Equity                                             
21: R8          Consolidated Statements of Changes in               HTML     40K 
                Stockholders' Equity (Parenthetical)                             
22: R9          General                                             HTML     42K 
23: R10         Accounting Policies                                 HTML    101K 
24: R11         Recently Issued Accounting Standards                HTML     41K 
25: R12         Segment Information                                 HTML     39K 
26: R13         Taxation                                            HTML     41K 
27: R14         Earnings (Loss) Per Share                           HTML     72K 
28: R15         Operating Leases                                    HTML     50K 
29: R16         Gain/(Loss) on Sale of Assets and Termination of    HTML     66K 
                Charters                                                         
30: R17         Gain on Sale of Subsidiaries                        HTML     66K 
31: R18         Other Financial Items, Net                          HTML     68K 
32: R19         Investments in Debt and Equity Securities           HTML     94K 
33: R20         Trade Accounts Receivable and Other Receivables     HTML     40K 
34: R21         Vessels and Equipment, Net                          HTML     60K 
35: R22         Vessels Under Finance Lease, Net                    HTML     47K 
36: R23         Other Long Term Assets                              HTML     50K 
37: R24         Investments in Sales-Type Leases, Direct Financing  HTML    113K 
                Leases and Leaseback Assets                                      
38: R25         Investment in Associated Companies                  HTML    167K 
39: R26         Accrued Expenses                                    HTML     44K 
40: R27         Other Current Liabilities                           HTML     44K 
41: R28         Short-Term and Long-Term Debt                       HTML    108K 
42: R29         Finance Lease Liability                             HTML     55K 
43: R30         Share Capital, Additional Paid-In Capital and       HTML     52K 
                Contributed Surplus                                              
44: R31         Share Option Plan                                   HTML     67K 
45: R32         Related Party Transactions                          HTML    164K 
46: R33         Financial Instruments                               HTML    200K 
47: R34         Allowance for Expected Credit Losses                HTML     56K 
48: R35         Commitments and Contingent Liabilities              HTML     54K 
49: R36         Consolidated Variable Interest Entities             HTML     41K 
50: R37         Subsequent Events                                   HTML     42K 
51: R38         Accounting Policies (Policies)                      HTML    164K 
52: R39         Earnings (Loss) Per Share (Tables)                  HTML     70K 
53: R40         Operating Leases (Tables)                           HTML     50K 
54: R41         Gain/(Loss) on Sale of Assets and Termination of    HTML     43K 
                Charters (Tables)                                                
55: R42         Gain on Sale of Subsidiaries (Tables)               HTML     51K 
56: R43         Other Financial Items, Net (Tables)                 HTML     62K 
57: R44         Investments in Debt and Equity Securities (Tables)  HTML     84K 
58: R45         Vessels and Equipment, Net (Tables)                 HTML     52K 
59: R46         Vessels Under Finance Lease, Net (Tables)           HTML     45K 
60: R47         Other Long Term Assets (Tables)                     HTML     46K 
61: R48         Investments in Sales-Type Leases, Direct Financing  HTML     98K 
                Leases and Leaseback Assets (Tables)                             
62: R49         Investment in Associated Companies (Tables)         HTML    147K 
63: R50         Accrued Expenses (Tables)                           HTML     43K 
64: R51         Other Current Liabilities (Tables)                  HTML     44K 
65: R52         Short-Term and Long-Term Debt (Tables)              HTML     70K 
66: R53         Finance Lease Liability (Tables)                    HTML     52K 
67: R54         Share Capital, Additional Paid-In Capital and       HTML     48K 
                Contributed Surplus (Tables)                                     
68: R55         Share Option Plan (Tables)                          HTML     61K 
69: R56         Related Party Transactions (Tables)                 HTML    134K 
70: R57         Financial Instruments (Tables)                      HTML    191K 
71: R58         Allowance for Expected Credit Losses (Tables)       HTML     53K 
72: R59         Commitments and Contingent Liabilities (Tables)     HTML     48K 
73: R60         General (Details)                                   HTML     74K 
74: R61         Accounting Policies (Details)                       HTML     80K 
75: R62         Segment Information (Details)                       HTML     38K 
76: R63         Earnings (Loss) Per Share (Details)                 HTML     68K 
77: R64         Earnings (Loss) Per Share (Narrative) (Details)     HTML     57K 
78: R65         Operating Leases (Details)                          HTML     51K 
79: R66         Operating Leases - Additional Information           HTML     47K 
                (Details)                                                        
80: R67         OPERATING LEASES - Cost and Accumulated             HTML     46K 
                Depreciation of Vessels Leased to Third Parties on               
                Non-cancelable Operating Leases (Details)                        
81: R68         Gain/(Loss) on Sale of Assets and Termination of    HTML     43K 
                Charters (Summary) (Details)                                     
82: R69         Gain/(Loss) on Sale of Assets and Termination of    HTML     84K 
                Charters (Gain on Sale of Vessels) (Details)                     
83: R70         Gain on Sale of Subsidiaries (Narrative) (Details)  HTML     60K 
84: R71         Gain on Sale of Subsidiaries - River Box Company    HTML     55K 
                Net Assets Held at time of Disposal (Details)                    
85: R72         GAIN ON SALE OF SUBSIDIARIES - Rig Finance Net      HTML     52K 
                Assets Held at the Time of Disposal (Details)                    
86: R73         Other Financial Items, Net (Details)                HTML     63K 
87: R74         Other Financial Items, Net - Additional             HTML     83K 
                Information (Details)                                            
88: R75         Investments in Debt and Equity Securities           HTML     66K 
                (Schedule of Marketable Securities) (Details)                    
89: R76         Investments in Debt and Equity Securities           HTML     62K 
                (Schedule of Corporate Bonds) (Details)                          
90: R77         Investments in Debt and Equity Securities           HTML    143K 
                (Narrative) (Details)                                            
91: R78         Investments in Debt and Equity Securities (Shares)  HTML     48K 
                (Details)                                                        
92: R79         Trade Accounts Receivable and Other Receivables     HTML     46K 
                (Details)                                                        
93: R80         Vessels and Equipment, Net (Schedule of Vessels     HTML     87K 
                and Equipment) (Details)                                         
94: R81         Vessels and Equipment, Net (Narrative) (Details)    HTML    116K 
95: R82         Vessels Under Finance Lease, Net (Schedule of       HTML     58K 
                Finance Lease) (Details)                                         
96: R83         Vessels Under Finance Lease, Net (Narrative)        HTML     52K 
                (Details)                                                        
97: R84         Other Long Term Assets (Schedule of Long-Term       HTML     47K 
                Assets) (Details)                                                
98: R85         Other Long Term Assets (Narrative) (Details)        HTML     66K 
99: R86         Investments in Sales-Type Leases, Direct Financing  HTML     42K 
                Leases and Leaseback Assets (Schedule of                         
                Investments in Sales-Type and Direct Financing                   
                Leases and Leaseback Assets) (Details)                           
100: R87         Investments in Sales-Type Leases, Direct Financing  HTML    130K  
                Leases and Leaseback Assets (Narrative) (Details)                
101: R88         Investments in Sales-Type Leases, Direct Financing  HTML     67K  
                Leases and Leaseback Assets (Components of                       
                Investments in Direct Financing and Sales-type                   
                Leases) (Details)                                                
102: R89         Investments in Sales-Type Leases, Direct Financing  HTML     82K  
                Leases and Leaseback Assets (Schedule of Minimum                 
                Future Gross Revenues) (Details)                                 
103: R90         Investments in Sales-Type Leases, Direct Financing  HTML     44K  
                Leases and Leaseback Assets (Schedule of Interest                
                Income) (Details)                                                
104: R91         Investment in Associated Companies (Details)        HTML    232K  
105: R92         Investment in Associated Companies - Movement in    HTML     92K  
                Allowance for Expected Credit Losses (Details)                   
106: R93         Accrued Expenses (Details)                          HTML     45K  
107: R94         Other Current Liabilities (Details)                 HTML     46K  
108: R95         Short-Term and Long-Term Debt (Schedule of          HTML     81K  
                Long-Term Debt) (Details)                                        
109: R96         Short-Term and Long-Term Debt (Schedule of Debt     HTML     55K  
                Principal) (Details)                                             
110: R97         Short-Term and Long-Term Debt (Interest Rate        HTML     45K  
                Information) (Details)                                           
111: R98         Short-Term and Long-Term Debt (Narrative)           HTML    734K  
                (Details)                                                        
112: R99         Finance Lease Liability (Schedule of Finance        HTML     51K  
                Leases) (Details)                                                
113: R100        Finance Lease Liability (Narrative) (Details)       HTML     66K  
114: R101        Finance Lease Liability (Schedule of Future         HTML     59K  
                Minimum Lease Payments) (Details)                                
115: R102        Share Capital, Additional Paid-In Capital and       HTML     48K  
                Contributed Surplus (Summary of Share Capital)                   
                (Details)                                                        
116: R103        Share Capital, Additional Paid-In Capital and       HTML    150K  
                Contributed Surplus (Additional Information)                     
                (Details)                                                        
117: R104        Share Option Plan (Narrative) (Details)             HTML     86K  
118: R105        Share Option Plan (Details)                         HTML     64K  
119: R106        Related Party Transactions (Schedule of Amounts     HTML     78K  
                Due From and to Related Parties, Excluding Direct                
                Financing Leases (Details)                                       
120: R107        Related Party Transactions (Additional              HTML     67K  
                Information) (Details)                                           
121: R108        Related Party Transactions (Related Party Leasing   HTML    159K  
                and Service Contracts) (Details)                                 
122: R109        Related Party Transactions (Summary of Leasing      HTML     54K  
                Revenues Earned From Related Parties) (Details)                  
123: R110        Related Party Transactions (Schedule of Fees        HTML     67K  
                Incurred with Related Parties) (Details)                         
124: R111        Related Party Transactions (Related Party Loans -   HTML     59K  
                Associated Companies) (Details)                                  
125: R112        Related Party Transactions (Interest Income         HTML     48K  
                Received on Loans) (Details)                                     
126: R113        Related Party Transactions (Related Party           HTML     51K  
                Purchases and Sales of Vessels) (Details)                        
127: R114        Related Party Transactions (Long-Term Receivables   HTML     64K  
                From Related Parties) (Details)                                  
128: R115        Related Party Transactions (Other Related Party     HTML    142K  
                Transactions) (Details)                                          
129: R116        Related Party Transactions (Dividends and Income    HTML     49K  
                Received) (Details)                                              
130: R117        Financial Instruments (Details)                     HTML     59K  
131: R118        Financial Instruments (Interest Rate Risk           HTML    121K  
                Management) (Details)                                            
132: R119        Financial Instruments (Foreign Currency Risk        HTML     49K  
                Management) (Details)                                            
133: R120        Financial Instruments (Fair Value and Carrying      HTML    106K  
                Value) (Details)                                                 
134: R121        Financial Instruments (Fair Value Hierarchy)        HTML    102K  
                (Details)                                                        
135: R122        Financial Instruments (Concentrations of Risk)      HTML    113K  
                (Details)                                                        
136: R123        Allowance for Expected Credit Losses (Details)      HTML     74K  
137: R124        Commitments and Contingent Liabilities (Book Value  HTML     44K  
                of Assets Pledged) (Details)                                     
138: R125        Commitments and Contingent Liabilities (Book Value  HTML     42K  
                of Assets with Finance Lease Liabilities)                        
                (Details)                                                        
139: R126        Commitments and Contingent Liabilities (Narrative)  HTML     92K  
                (Details)                                                        
140: R127        Consolidated Variable Interest Entities (Details)   HTML     71K  
141: R128        Subsequent Events (Details)                         HTML     66K  
143: XML         IDEA XML File -- Filing Summary                      XML    283K  
13: XML         XBRL Instance -- sfl-20201231_htm                    XML   5.12M 
142: EXCEL       IDEA Workbook of Financial Reports                  XLSX    236K  
 9: EX-101.CAL  XBRL Calculations -- sfl-20201231_cal                XML    479K 
10: EX-101.DEF  XBRL Definitions -- sfl-20201231_def                 XML   2.00M 
11: EX-101.LAB  XBRL Labels -- sfl-20201231_lab                      XML   3.57M 
12: EX-101.PRE  XBRL Presentations -- sfl-20201231_pre               XML   2.57M 
 8: EX-101.SCH  XBRL Schema -- sfl-20201231                          XSD    498K 
144: JSON        XBRL Instance as JSON Data -- MetaLinks              661±  1.03M  
145: ZIP         XBRL Zipped Folder -- 0001289877-21-000008-xbrl      Zip    864K  


‘EX-15.1’   —   Letter re: Unaudited Interim Financial Info


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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Exhibit 15.1
        
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference into the Registration Statement on Form F-3, File No. 333-170598, as amended, of our report dated March 22, 2021, relating to the consolidated financial statements of SFL Corporation Ltd. and subsidiaries (the “Company”) and the effectiveness of the Company's internal controls over financial reporting, appearing in this Annual Report on Form 20-F for the year ended December 31, 2020.


/s/ MSPC
Certified Public Accountants and Advisors,
A Professional Corporation


New York, New York
March 22, 2021



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘20-F’ Filing    Date    Other Filings
Filed on:3/22/21
For Period end:12/31/206-K
 List all Filings 


18 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/27/20  SFL Corp. Ltd.                    20-F       12/31/19  137:19M                                    Workiva Inc Wde… FA01/FA
 4/24/18  SFL Corp. Ltd.                    6-K         4/30/18    9:1.5M                                   Seward & Kissel LLP
 3/26/18  SFL Corp. Ltd.                    20-F       12/31/17  111:21M
 9/13/17  Seadrill Ltd./Old                 6-K         9/13/17    5:43M                                    Donnelley … Solutions/FA
10/07/16  SFL Corp. Ltd.                    6-K        10/31/16   10:1.6M                                   Seward & Kissel LLP
 9/29/16  SFL Corp. Ltd.                    6-K         9/28/16    2:180K                                   Donnelley … Solutions/FA
 4/01/16  SFL Corp. Ltd.                    20-F       12/31/15  104:13M                                    Workiva Inc Wde… FA01/FA
 4/09/15  SFL Corp. Ltd.                    20-F       12/31/14  105:17M
 3/28/14  SFL Corp. Ltd.                    20-F       12/31/13  107:17M
 2/07/13  SFL Corp. Ltd.                    6-K         2/28/13    1:539K                                   Seward & Kissel LLP
 2/04/13  SFL Corp. Ltd.                    6-K         2/28/13    1:2.4M                                   Seward & Kissel LLP
 4/27/12  SFL Corp. Ltd.                    20-F       12/31/11   89:12M                                    Seward & Kissel LLP
 3/25/11  SFL Corp. Ltd.                    20-F       12/31/10   49:7.8M                                   Seward & Kissel LLP
 4/01/10  SFL Corp. Ltd.                    20-F       12/31/09    9:3.1M                                   Seward & Kissel LLP
 3/17/08  SFL Corp. Ltd.                    20-F        3/12/08    8:2.6M                                   Seward & Kissel LLP
10/22/07  SFL Corp. Ltd.                    6-K        10/31/07    2:247K                                   Seward & Kissel LLP
 7/02/07  SFL Corp. Ltd.                    20-F       12/31/06   10:799K                                   Seward & Kissel LLP
 5/21/04  SFL Corp. Ltd.                    F-4         5/20/04   32:8.3M                                   Toppan Merrill-FA
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Filing Submission 0001289877-21-000008   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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