Moog World Trade Corporation v. Bancomer, S.A. Boatmen's National Bank of St. Louis

LOKEN, Circuit Judge.

This case requires us to apply the familiar due process limitation on personal jurisdiction to the rather unfamiliar realities of financing international trade. Moog World Trade Corp. (“Moog”) agreed to sell automobile parts to its customer in Mexico, Com-mercializadora de Refacciones en Generales S.A. (“CRG”). To finance this purchase, CRG had its Mexican bank, Bancomer, S.A., issue an irrevocable commercial letter of credit naming Moog as beneficiary. When Moog’s draw under the letter of credit was dishonored by Boatmen’s National Bank, the Missouri confirming bank,…