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PROPERTY, PLANT AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2014

(6) PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net is as follows (in thousands):

	March 31, 2014			December 31, 2013

Land	$	52,519		$	52,519
Terminals, pipelines and equipment		563,131			562,077
Furniture, fixtures and equipment		1,861			1,861
Construction in progress		3,056			2,730


		620,567			619,187
Less accumulated depreciation		(219,491	)		(212,142	)


	$	401,076		$	407,045

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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