Commercial or standby letters of credit are a critical element to a successful international program. Letters of credit offer both the buyer and seller security and protection during the international sales transaction. U.S. based companies who do not understand, or are not utilizing letters of credit correctly may be unprepared to face the challenges of both commercial and political risks when buying and selling overseas. Join us to learn the important factors to address with letters of credit and the opportunities available to best support your company's global trade financing strategy. For more information visit www.vagtc.org, email us at VAGTC@gvsu.edu, or call (616) 331-6811.