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).

Related to At sight

  • Railroad sign or signal means any sign, signal, or device erected by authority of a public body or official or by a railroad and intended to give notice of the presence of railroad tracks or the approach of a railroad train.

  • Digital Signal Level 3 or "DS3" means the 44.736 Mbps third-level in the time-division multiplex hierarchy. In the time-division multiplexing hierarchy of the telephone network, DS3 is defined as the third level of multiplexing.

  • Flashing sign means a sign in which a symbol, figure, message or illustration intermittently appears and/or disappears and/or illuminated with varying colour or intensity.

  • Fascia Sign means a sign attached to, marked or inscribed on, erected or placed against a wall forming part of a building, or supported by or through a wall of a building and having the exposed face thereof on a plane approximately parallel to the plane of such wall and includes a painted wall sign and an awning sign. A fascia sign shall not include any other sign defined in this By-law unless otherwise stated;

  • Directional sign means a sign that contains only directional information regarding and the identification of 1 of the following: