Letters of Credit for Trade Finance

Letters of credit are often the key to success in international transactions. So it’s surprising to see how many businessmen and, surprisingly, banks in the United States are unfamiliar or uncomfortable handling letters of credit. There may be a tendency to assume that the United States economy is so large that one doesn’t need to think about cross-border transactions. But if you’re running a business, the moment you realize there are six billion people out there who want to buy and sell stuff, it seems silly not to join the party....
http://hindmarshreview.wordpress.com/2011/09/18/letters-of-credit-for-trade-finance/