Accounts and notes receivable, net (Tables)

9 Months Ended

Sep. 30, 2020

Accounts and notes receivable, net

Schedule of accounts and notes receivable

The Company’s accounts and notes receivable, net as of September 30, 2020 and December 31, 2019 are summarized as follows (figures are in thousands of USD):

	September 30, 2020		December 31, 2019
Accounts receivable - unrelated parties	$	130,436	$	141,423
Notes receivable - unrelated parties		61,940		72,797
Total accounts and notes receivable - unrelated parties		192,376		214,220
Less: allowance for doubtful accounts - unrelated parties		(3,232)		(2,379)
Accounts and notes receivable, net - unrelated parties		189,144		211,841
Accounts and notes receivable - related parties		19,881		21,164
Accounts and notes receivable, net	$	209,025	$	233,005

Notes receivable represent accounts receivable in the form of bills of exchange for which acceptances are guaranteed and settlements are handled by banks.

As of September 30, 2020 and December 31, 2019, the Company pledged its notes receivable in amounts of $10.1 million and $9.7 million, respectively, as collateral for the government loans (See Note 7).