Nate's Food Company (NHMD): As I remember, shipments into or from Ch...

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Re: None

Monday, 11/06/2023 6:46:24 PM

Monday, November 06, 2023 6:46:24 PM

As I remember, shipments into or from China were done via commercial letters of credit not standby letters of credit. This allows the recipient to accept the goods, shipper gets paid and has 60-90 days to pay. This is all done thru a bank and corresponding bank in China.

SBLC doesn’t ensure these safeguards.

Not a lot selling on open accounts in China.

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