Accounts and notes payable (Tables)

9 Months Ended

Sep. 30, 2015

Accounts and Notes Payable Disclosure [Abstract]

Schedule Of Accounts and Notes Payable [Table Text Block]

The Company’s accounts and notes payable as of September 30, 2015 and December 31, 2014 are summarized as follows (figures are in thousands of USD):

	September 30, 2015		December 31, 2014
Accounts payable - unrelated parties	$	112,791	$	132,389
Notes payable - unrelated parties ⁽¹⁾		73,495		80,701
Total accounts and notes payable - unrelated parties		186,286		213,090
Total accounts and notes payable - related parties		6,233		4,857
Total accounts and notes payable	$	192,519	$	217,947

(1)

Notes payable represent accounts payable in the form of bills of exchange whose acceptances are guaranteed and settlements are handled by banks. The Company has pledged cash deposits, notes receivable and certain property, plant and equipment to secure notes payable granted by banks.