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TRADE RECEIVABLES
 12 Months Ended
Dec. 31, 2015
TRADE RECEIVABLES [Abstract]  
TRADE RECEIVABLES
NOTE 6 – TRADE RECEIVABLES

Trade receivables, net, at December 31, 2015, and 2014, respectively, consisted of the following:

  
2015
  
2014
 
  
(thousands of dollars)
 
       
Trade receivables
 
$
19,684
  
$
28,481
 
Less allowance for doubtful accounts
  
(210
)
  
(210
)
         
  Trade receivables, net
 
$
19,474
  
$
28,271
 

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