INTERCOMPANY NOTE PAYABLE

6 Months Ended

Jun. 30, 2013

INTERCOMPANY NOTE PAYABLE [Abstract]

INTERCOMPANY NOTE PAYABLE PBF HOLDING

9. INTERCOMPANY NOTES PAYABLE

As of June 30, 2013, PBF Holding entered into notes payable with PBF Energy and PBF LLC for an aggregate principal amount of $31,632. The notes have an interest rate of 2.5% and a five year term but may be prepaid in whole or in part at any time, at the option of the PBF Holding, without penalty or premium.