Annual report pursuant to section 13 and 15(d)

TRADE RECEIVABLES

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TRADE RECEIVABLES
 12 Months Ended
Dec. 31, 2013
TRADE RECEIVABLES [Abstract]  
TRADE RECEIVABLES
 
NOTE 5 – TRADE RECEIVABLES

Trade receivables, net, at December 31, 2013, and 2012, respectively, consisted of the following:

   
2013
    
2012
  
   
(thousands of dollars)
  
             
Trade receivables
   $ 22,279     $ 16,012  
Less allowance for doubtful accounts
     (210 )     (210 )
                 
  Trade receivables, net
   $ 22,069     $ 15,802  

Trade receivables serving as collateral for our line of credit with a domestic bank was $17.7 million and $11.7 million at December 31, 2013, and 2012, respectively (see Note 10).