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Other Current Liabilities

12 Months Ended

Dec. 31, 2020

22.OTHER CURRENT LIABILITIES

	As of December 31,
	2020		2019
	US$’000		US$’000
Contract liabilities		259		216
Dividend payable		691		674
Onerous contracts provisions		5,105		238
Other current liabilities		1,771		1,228
Total		7,826		2,356

Other current liabilities include undue value added tax, unpaid withholding tax, and other miscellaneous liabilities.

22(a)Onerous contracts provisions

22(b)Contract Liabilities

	As of December 31,
	2020		2019
	US$’000		US$’000
Current contract liabilities
Advance from customers		156		93
Custodial service		44		63
Transportation service		59		60
Total current contract liabilities		259		216

The Company recognizes contract liabilities when it receives advance payments from customers before performance obligations have been performed.

22.	OTHER CURRENT LIABILITIES (continued)

22(b)Contract Liabilities (continued)

Revenue recognized in relation to contract liabilities

	For the year ended December 31,
	2020		2019
	US$’000		US$’000
Revenue recognized that was included in the contract liabilities balance at the beginning of the year
Advance from customers		93		668
Custodial service		60		59
Transportation service		56		17
		209		744