Page 132 - MANUAL OF SOP
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I N & Inspection Folder
VI. Barter-trade / Counter Trade
Has the company been involved in barter-trade or counter-trade at any time
involving the exchange of goods or commodities for (foreign) equipment,
services or commodities? Provide details and explain the accounting
methods used.
VII. Compensation-Trade / Product Buy-back
Explain whether the company has been involved in compensation trade
(also known as product buy-back) at any time whereby a (foreign) company
provides machinery and equipment for which it receives payment-in-kind,
usually in the form of goods produced. Explain if such payments were
structured as loans or as instalment sales. Explain the accounting methods
used.
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