Subject: Re: Risk of bank default on LOC
From: "Jim Biden" <[email-masked]>
To: "Tom Thornhill" <[email-masked]>
Cc: "Angie Singletary" <[email-masked]>, "Thomas Collins" <[email-masked]>, "Biden Hunter" <[email-masked]>
Date: Fri, 13 Oct 2017 21:15:34 +0000

Thanks Tom.  We are hoping to coordinate meetings in New Orleans next Thursday.  I believe Hunter is reaching out to Britt to coordinate.
On Oct 13, 2017, at 2:29 PM, Tom Thornhill <[email-masked]<mailto:[email-masked]>> wrote:

Sarah, Jim, Hunter and Britt,

Thank you for your time and courtesies today.  We do look forward to working with you on the potential financing of our fuel trades, perhaps the infrastructure projects for Louisiana, our intended fuel storage and distribution business in Mexico and other projects, if you and your Chinese partner are interested.

In our discussion, I referenced the below article I had seen on the internet recently regarding risks in Letter of Credit.  Please let me know if you want to discuss this further, although I am sure you are familiar with this area of the law.

Many thanks,
Tom

Attached below is the referenced ABA article:

Standby Letters of Credit Are Not Bullet Proof - American Bar Association<http://apps.americanbar.org/buslaw/committees/CL190000pub/newsletter/200907/klein.pdf>
apps.americanbar.org/buslaw/committees/CL190000pub/newsletter/200907/klein.pdf<http://apps.americanbar.org/buslaw/committees/CL190000pub/newsletter/200907/klein.pdf>
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Tom W. Thornhill
Thornhill Law Firm, A PLC
1308 Ninth Street
Slidell, Louisiana 70458
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