Spider, For over 12 years importing and exporting was part of my business and all my business was done using this method of banking. Its a safety net used to protect your money and ensure delivery of money. Brazil is paid in U.S. dollars and when Brazil imports from any country they pay in a stable currency U.S. dollar. Banking is very competative and if you don't know how it works you will fail in the import export business. If you want to pay for my experience in this field, let me know. I do consultant work in this area for Audrey Howard.
You are only a phone call away from Madera, call them and ask where the money is and how they pay the bills.
In Brazil, you must think a ship pulls up along the river bank and get loaded. This is all done using ship yards where ships are loaded at the dock. All timber which gets to the ship yard is accounted for.
Most of Madera ships port in Port Everglade here in the U.S.A. There is a permanent record made by the port authority as to what was on the ship and how many tons was removed for each importer. A copy of the ships manifest on file there also. co.broward.fl.us
There are huge amounts of timber cut in the hinterland which lays in fields unable to be moved for many reasons. (burn it, can't move it, termite infested, flood season, legal problems etc) If it becomes infested with termites or anything else, it can not pass export inspection. Brazil has a huge timber waste in the field. Madera is one of the few companies which have very good recovery of its timber because of the saw mills. If you do not have this 1, 2 ,3, operation Like Madera a lot of timber can be wasted. Are these stats put out by suframa, was it published in 1999 or 1998 or 1997 or 1996 information. Check the date of publication of your information, Its is 1997 or later.
The World Bank would love to know Brazil is only able to control 20% of its export of timber and that a Brazil public agency was unable to control its free trade zone.
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