Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.3.1.900
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 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 at December 31, 2015 and 2014:

   
Fair Value Measurements Using
 
December 31, 2015
 
Total
   
Level 1
   
Level 2
   
Level 3
 
   
(thousands of dollars)
 
Liabilities:
                       
Interest rate swap
 
$
177
   
$
-
   
$
177
   
$
-
 


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