Accounts and notes payable (Tables)

9 Months Ended

Sep. 30, 2020

Accounts and notes payable

Schedule of accounts and notes payable

The Company’s accounts and notes payable 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 payable - unrelated parties	$	121,250	$	110,246
Notes payable - unrelated parties (1)		68,665		69,929
Accounts and notes payable - unrelated parties		189,915		180,175
Accounts and notes payable - related parties		11,518		6,492
Total	$	201,433	$	186,667

Notes payable represent payables in the form of notes issued by the bank. As of September 30, 2020 and December 31, 2019, the Company has pledged cash of $31.7 million and $29.7 million, respectively.  As of September 30, 2020 and December 31, 2019, the Company has pledged accounts and notes receivable of $1.9 million and $7.4 million, respectively. The Company entered into credit facility agreements with various banks, which were secured by property, plant and equipment and land use rights of the Company. As of September 30, 2020 and December 31, 2019, the Company has used $40.1 million and $37.8 million, respectively, for issuing bank notes.