FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016 and 2015:

	Fair Value Measurements Using
December 31, 2016	Total		Level 1		Level 2		Level 3
	(thousands of dollars)
Liabilities:
Interest rate swap	$	58	$	-	$	58	$	-

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