Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v2.4.1.9
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2015
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 March 31, 2015, and December 31, 2014:

Assets and Liabilities Measured at Fair Value on a Recurring Basis

       
Fair Value Measurements Using
 
   
March 31, 2015
   
Level 1
   
Level 2
   
Level 3
 
   
(thousands of dollars)
 
Liabilities:
               
Interest rate swap
 
$
316
     
-
   
$
316
     
-
 

       
Fair Value Measurements Using
 
   
December 31, 2014
   
Level 1
   
Level 2
   
Level 3
 
   
(thousands of dollars)
 
Liabilities:
               
Interest rate swap
 
$
378
     
-
   
$
378
     
-
 
Commodity financial instruments
   
180
     
180
     
-
     
-