Does anyone know when this actually starts?
Goods are shipped to the client's freight forwarder in the US, in this instance Nigeria with a commercial invoice (e.g.; $100,000.00 USD ). Upon receipt of those goods the commercial invoice is credit insured and sold to a factoring bank who makes a cash payment to RVPL within a few days even though the commercial invoice may be net 60-90 days from the date goods were delivered to Nigeria . The Nigerian government forwards this commercial invoice to the designated financial aid programs (e.g. United World Fund , Green Climate Fund , etc.) that have already pledged and guaranteed funds to cover the cost of sale for the commercial invoice sent to the client. In our case, we anticipate a single shipment per week over the next 520 weeks, which is the total duration of the Nigeria Contract, which would mean a cash payment from the factorer every week.
