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wateroverfire
Jul 3, 2010

FrozenVent posted:

Export companies might not get paid on order. They get the order, go to their bank with the order, get credit, use that credit to pay for raw materials, employees and what not, produce, ship, get paid, repay the bank.

If the bank is no longer around to give you credit... You need customers who pay upfront, so you need customers who have access to credit.

Chinese export companies in my field at least don't extend credit. Terms are a chunk up front and a chunk before you get your documents, paid in USD.

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