Letters of Credit and International Sales Transactions

There is one goal that every one in a business transaction agree upon: securing payment for services rendered. And while all business transactions carry risk, international transactions with either foreign government or people carries even greater risk and uncertainty. That’s where letters of credit come in to help mitigate financial risk by providing a mechanism that—if done correctly—significantly strengthens your ability to ensure payment. The problem is that courts in the United States, and buyers and sellers of goods really do not understand this niche area of business transactions. Mr. Shoreman does, however. Having spoken on the topic, including his standing speaking engagement with multiple military contractor summits, Mr. Shoreman works hard to ensure that his international clients rest assured that their payments are guaranteed by banks.