Annual report pursuant to Section 13 and 15(d)

TRADE RECEIVABLES

v3.3.1.900
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).