FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2012

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, 2012 and 2011:

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

	Fair Value Measurements Using
December 31, 2011	Total		Level 1		Level 2		Level 3
	(thousands of dollars)
Assets:
Financial swaps on feedstock	$	393	$	393		-		-

Liabilities:
Interest rate swap	$	1,134		-	$	1,134		-

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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