INTERCOMPANY NOTE PAYABLE

3 Months Ended

Mar. 31, 2014

INTERCOMPANY NOTE PAYABLE [Abstract]

INTERCOMPANY NOTE PAYABLE PBF HOLDING

. INTERCOMPANY NOTES PAYABLE

As of March 31, 2014, PBF Holding had outstanding notes payable with PBF Energy and PBF LLC for an aggregate principal amount of $32,035 ($31,835 as of December 31, 2013). 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.