Well, today I went with the guys. We had a class up in Fresno to learn about Letters of Credit. A couple of months ago I had received a flyer concerning classes put on by the CITD about International Business. It had about 8 classes that would be given every other week from 9-1. Most of the classes I wasn't interested in, but felt that someone from work should attend. This would help us learn about what we might need to change or update on our contracts and shipping documents. I have been interested in learning more about letters of credit for about a year and a half. I got interested in them after attending a seminar put on by Bank of America. It seems that we could actually make some money from this if we would put a little time and effort into this. So with this class I learned a little more. I would be interested in learning more, but it seems that I would only get what I want to know from talking to my banker. So I probably need to schedule some one-on-one time to discuss the possibilities with our bank. It is interesting to think that we could give 180 day terms to a customer, yet sell this note to our bank at a discount and get paid within 7-10 days of the shipment leaving our facility. Of course if the customer is getting 180 day terms, they would pay a premium for this, and this should more than cover the discount we would have to take to sell the note to the bank. Then we would still make a profit on the difference in the premium paid by the customer and the discount we paid. Interesting, huh? However, there are a few catches to this. One of them is that our bank needs to be comfortable with the issuing bank and that they are willing to assume the risk of the payment. This is where I would need to talk to our bank to see if I can get more information.