At sight definition

At sight and "presentment" means on demand.
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At sight means that the payment will be provided on demand when a financial institution is presented with appropriate documentation.
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At sight means that the draft is paid upon receipt of the documents which are found to be confirming. The terms which specify a number of days sight or after the B/L date, are commonly called “usance”, indicating that the issuing bank is obligated to pay the beneficiary (exporter) at some specific future date. For usance drafts, the obligation to pay begins when the drawee bank “accepts” the draft and a banker’s acceptance are created. The following Figure 2 is a sample of draft.
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Examples of At sight in a sentence

  • ISSUER: By: Its: $ At sight, pay to the order of [Name of Beneficiary to be inserted], the amount of USD $ ( and 00/100ths U.S. Dollars).

  • ISSUER: By: _____________________ Authorized Signature Draft Number __________________ $____________________________ At sight, pay to the order of [Name of Beneficiary to be inserted], the amount of USD $____________ (__________________ and 00/100ths U.S. Dollars).

  • Shipment: Account Party (Full name and address of entity to be named in Letter of Credit if different than the above Applicant/Obligor): Shipment from: For Transportation to: Latest Shipment Date: ¨ At sight.

  • ISSUER: By: _____________________ Authorized Signature Draft Number __________________ $____________________________ At sight, pay to the order of Public Service Company of Colorado, the amount of USD $____________ (__________________ and 00/100ths U.S. Dollars).

  • Optional (If blank, issuer will select its branch or affiliate or correspondent in the domicile of the beneficiary): o At sight.

  • At sight very forthcoming, this grossly underutilized purchasing strategy awards buyers one by way to two a home.

  • Very truly yours, BY: (AUTHORIZED SIGNATURE) , 20 At sight, pay to the order of [Name of Beneficiary] the amount of [ ($ )].

  • At sight Full invoice value 42A : Drawee Liverpool Commercial Bank Co.,Ltd.

  • Lord of Might! The whole world hath delight In Thy surpassing power, obeying Thee; The Rakshasas, in dread At sight of Thee, are sped To all four quarters; and the company Of Siddhas sound Thy name.

  • ISSUER: By: Authorized Signature Name: Its: Draft Number $ At sight, pay to the order of [Name of Beneficiary to be inserted], the amount of USD $ ( and 00/100ths U.S. Dollars).