Quarterly report pursuant to sections 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v2.4.0.8
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2013
FAIR VALUE MEASUREMENTS [Abstract]  
Fair Value of Assets and Liabilities Measured on a Recurring Basis
 The following items are measured at fair value on a recurring basis subject to disclosure requirements of ASC Topic 820 at September 30, 2013, and December 31, 2012:

Assets and Liabilities Measured at Fair Value on a Recurring Basis

         
Fair Value Measurements Using
 
   
September 30, 2013
   
Level 1
   
Level 2
   
Level 3
 
   
(thousands of dollars)
 
Liabilities:
                       
Commodity financial  instruments
  $ 39     $ 39       -       -  
Interest rate swap
    625       -     $ 625       -  

         
Fair Value Measurements Using
 
   
December 31, 2012
   
Level 1
   
Level 2
   
Level 3
 
   
(thousands of dollars)
 
Liabilities:
                       
Interest Rate Swap
  $ 893       -     $ 893       -