In a box model of the density driven circulation maintained by heat and salt salt diffusion, a periodic solution is proven to exist for a wide class of transfer functions that represent turbulent fluxes. The limit cycle is shown to occur either through the classical Andronov-Hopf bifurcation or its analogue, observed when a jump function is smoothed by transfer functions from the introduced class. The bifurcation may possibly capture certain features of the transition to interdecadal ocean oscillations.