OT: TexasTom, sounds like you and I have similar backgroiunds. With over 20 different versions of "Letters Of Credit" have you EVER known an off shore company that doesn't REQUIRE the goods to be GUARANTEED to be paid for with either a "Stand-by LC, or a Draw-down LC" PRIOR to SHIPMENT? Hop-on's financial disclosure statement swears that it DOESN'T have any money. You can't place an LC on hold, pending receipt of funds from somewhere. While this appears to be a negative, everything that I've stated is fact as I'm sure you know. 37 years of experience with Fortune 500 companies gives me the knowledge to state this.
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