Gentlemen
All I can do is report the facts as I saw them. When a friend and I imported several containers of shot a year I always watched the LME and $5 is right!
You are disregarding the world econmy, local wages and local goverments. no EPA, No OSHA, no unions. Our method for avoiding LC's was payment upon proof of on board shipping. This avoided the time lost on getting the LC , the time "mine" of getting an LC, it gave the supplier quicker payment Of course if you did not trust the supplier and the supplier thought that you were a cheating slease ball you needed some one holding a LC. I would also say if one or both don't have confidence in each other should you do business with each other.
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