Regarding the term 30 days after B/L, could you please let me explain the whole story for your further understanding as this term has been agreed
by Mr. Vitorn when Miles (Prachya) and Bill (Thanason) was in charge of my market….about early of this year 2013.
Due to the demand of bias and we had changed the distributor for Vee Rubber 3 times (the first distributor was Thien Trang Co and the second one was Advance Global Co - and I am only in charge from the second distributor) so on when the current one (third one – Thinh Phat Co) took over from Advance Global Co that Thinh Phat Co has been facing many difficulties for selling our Vee Rubber bias brand due to the first and second distributor still have
their ex-stock of Vee Rubber bias and so Thinh Phat Co should be consign and accept to sell by 60 days credit to tire shop instead of at sight…
Therefore, I had proposed this matter to Mr. Vitorn for his advice and he had agreed to accept the L/C 30 days and we had granted L/C 30 days in last time for 3 order not only for this order…!!
Furthermore, I want to increase ex-stock of Vee Rubber bias for Thinh Phat Co so they can be expanded the bias market to fleet company not only sell to tire shop so that they need the support from our company for bias order by L/C 30 days.
That is reason why all the orders for motorcycle and passenger Vee Rubber brand of Thinh Phat Co is term at sight but the orders for bias is B/L 30 days.
When Em Yim come back to work, could you please ask Em Yim to present the whole situation for him and get his approval so that we will never misunderstanding for this issue in coming time….
One again, thank you very much for your prompt action and well cooperation.