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International Trade Finance is an essential tool for bankers, exporters/importers, shippers, consultants, teachers and students navigating the procedures of international trade finance. The book addresses basic topics relating to international trade including letters of credit mechanism, collections of bills, trade customs and practice. Trade Finance Methods As mentioned in the previous section, banks on both sides of the transaction play a crit-ical role in financing international trade. The following are some of the more popular methods of financing international trade: Accounts receivable financing Factoring Letters of credit (L/Cs) Banker’s acceptances

Baker Hughes Co. reported Oklahoma’s count dropped to 48 compared to the 115 active rigs a year ago. Nationally, the count dropped by one to 790 oil and gas rigs including a decline of one oil rig to 678 while the number of gas-drilling rigs remained at 110. The Oklahoma rig count fell by five this week, triggering a loss of four net rigs in the countrywide tally, according to the weekly count collected by Baker Hughes, a GE company. Muted oil prices coupled with Wall Street's emphasis on fiscal restraint have combined to slow drilling activity all year US rig count, down 2 units, stays below 1,000 for the third week SOURCES: Baker Hughes and Houston Chronicle (Jordan Blum). The US drilling rig count fell 2 units to reach 988 rigs working for the week ended May 10—the third straight week below 1,000, according to Baker Hughes data.