TRADE RECEIVABLES

12 Months Ended

Dec. 31, 2014

NOTE 6 – TRADE RECEIVABLES

Trade receivables, net, at December 31, 2014, and 2013, respectively, consisted of the following:

	2014			2013
	(thousands of dollars)

Trade receivables	$	28,481		$	22,279
Less allowance for doubtful accounts		(210	)		(210	)

Trade receivables, net	$	28,271		$	22,069

Trade receivables serves as collateral for our amended and restated loan agreement with a domestic bank (see Note 12).

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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