Ann: Lanzhou Trading Agreement, page-23

1 out of 10 for that pathetic down ramp effort.

Its amazing what Jatcorp has been doing in the background.


"The entering of the agreement with LNAHC was possible as a result of the work done by JAT over the last year in developing relationships with four abattoirs and meat processing plants in order to be able to source product for Chinese buyers.

JAT has also employed personnel with experience in sourcing and trading meat and other products."

For those interested in the terms of trade here is some info on a sight letter of credit.

"A sight letter of credit is payable to the beneficiary once the required documents are presented to the financial institution backing the letter. The financial institution is allowed a reasonable amount of time to process the payment, which is generally limited to five business days. The required documents can include items like proof of shipment or delivery of the items purchased by the buyer.

Sight letters of credit give each party involved in the transaction some degree of protection and decreases some of the risk involved with business, especially when it comes to international dealings. If the seller has concerns about receiving payment, he or she may ask for a sight letter of credit as an insurance policy. They are generally considered separate from documents such as purchase or sales agreements."

It seems like a safe way to provide product with the assurance of payment using a third party financial institution as insurance.


GLTAH DYOR