Quarterly report pursuant to Section 13 or 15(d)

Deferred Revenue

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Deferred Revenue
3 Months Ended
Mar. 31, 2014
Deferred Revenue Disclosure [Abstract]  
Deferred Revenue
14.
Deferred Revenue
In March 2013, the Company assigned a portion of its contractual delivery obligations under two of its sales contracts to a natural resources trading company in exchange for a cash payment of $5.1 million. The remainder of the Company’s contractual delivery obligations under the two contracts remain in place as well as certain other performance obligations including scheduled deliveries of product sourced from approved locations which are covenants associated with the contracts.  The Company will reflect the payment as revenue when the related deliveries under the contracts are settled. As of December 31, 2013, the deliveries called for in 2013 had been made and the revenue thereon was recognized. The required deliveries for 2014 had not been made as of March 31, 2014 and the revenue thereon remains deferred.