Letters of Credit

Described as “the life blood of international commerce,” letters of credit, also called LCs, documentary credits, or banker’s commercial credits, are the most common method of payment for goods in international trade. IMG represents both buyers and sellers in commercial disputes involving documentary and stand-by letters of credit; IMG is very familiar with claims of wrongful honor and dishonor disputes and the applicable standards of review by courts or arbitrators.

International Finance

For shipping companies and international trade businesses, financing is always a critical issue. IMG is one of the few law firms in the past several years that has advised and represented clients on this complex issue. Our financial services practice has substantial experience in this field and is available to assist our clients with letter of credit issues at any time.

Multi-Jurisdictional

The law surrounding letters of credit has become increasingly complex; predictability is important, yet all the more difficult to secure due to the maze of rules governing international trade and business. As such, IMG regularly advises clients on current international trade law and cases handling letters of credit.

Knowledge and Experience

What We Do

IMG assists both carriers and cargo owners in preparing transport and freight contracts, and IMG regularly advises clients on the drafting and review of bills of lading, way bills, and electronic bills of lading. We also advise our clients on the nuances of BL law in charter party agreements, and we have been involved with all types of cargo contracts: from general and bulk oil and grain, through to containerized carriage, and specialist cargoes such as LNG. In addition, IMG offers a full range of litigation and arbitration services for our clients with cargo damage claims.

Recognizing that an ounce of prevention in the anti-corruption arena can be worth many millions of dollars in savings on investigative costs and sanctions, IMG employs a practical approach to assist its clients in having the right tools in place before a problem arises. Our team has the knowledge and experience to provide clients with the full range of representation in connection with anti-corruption laws, and IMG’s lawyers regularly advise on multi-jurisdictional and complex anti-corruption matters on both the contentious and non-contentious fronts.

In addition to having a thorough understanding of trade transactions and the nuances of the supply chain, we are specialists in the international sale of goods and the INCOTERMS that largely govern them. This uniquely enables us to draw upon our expertise and knowledge across the spectrum and to support you, whether you’re a large entity, local company or business individual institution, in adapting to, embracing and understanding how to get the most out of this changing world.

IMG’s international trade group is a leading provider of legal services to companies engaged in international trade in the Pacific Northwest. We provide legal services to the global trading community and our clients include trading companies in the fisheries, oil and gas, grain and soft commodity, metals and coal sectors. We have the necessary expertise in dispute resolution in trade matters as well as in all other aspects of international trade, including financing, trading, storage, transportation, insurance and end use. We advise on finance documentation, physical and financial trading terms, freight agreements, regulatory issues and sanctions, and environmental issues therein.

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