The fact of the matter is that NOTHING would get manufactured without the Letter of Credit !! It`s obvious that you don`t know the difference between a handshake and a promise to pay, and payment guaranteed by a bank. I suggest you refer to my latest post to Cassandra for a better understanding of the Letter of Credit.
By the way, who told you that ... "The company is getting the job done on this front" ?? ... or are you just guessing like all the rest of us ??