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Payments For International Operations

Transcription:

Well, you sold a product and you want to get paid. And I think in international markets, it’s a little different than we consider domestically. The standard way to get yourself paid for any product being sold is something called the Letter of Credit that you establish with a bank in the US and it guarantees with the Bill of Lading, a former documentation that the product was delivered and the buyer had accepted it. And therefore, you get paid with that means because all banks have international relationships.