Quarterly report pursuant to Section 13 or 15(d)

TRADE RECEIVABLES

TRADE RECEIVABLES

6 Months Ended

Jun. 30, 2014

3. TRADE RECEIVABLES

Trade receivables, net, at June 30, 2014, and December 31, 2013, consisted of the following:

	June 30, 2014			December 31, 2013
	(thousands of dollars)
Trade receivables	$	28,386		$	22,279
Less allowance for doubtful accounts		(210	)		(210	)
Trade receivables, net	$	28,176		$	22,069

Trade receivables serving as collateral for the Company’s line of credit with a domestic bank were $21.4 million and $17.7 million at June 30, 2014, and December 31, 2013, respectively (see Note 7).

- 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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