Ann: Quarterly Cashflow Report, page-59

Ah no problem Alaska. I understand that this is a forum and vital for everyone to make a contribution good, bad or indifferent. A letter of credit facility (LOC) is generally used as bridging finance mechanism for expensive bespoke equipment or product were the supplier is making it fir a specific need or quality. It is designed to protect both parties in a transaction, but is based on the premise that a party assumes and accepts control at a specific point in time and from their on in it is their responsibility. In this case the shipment is FOB. Here's a useful link: https://en.m.wikipedia.org/wiki/FOB_(shipping)