Examples of Sight Draft in a sentence
Price offered shall be for goods packed and delivered CIF Seaport/ International Airport (FCA) including packing, forwarding, Handling, Ancillary charges like processing of Sight Draft, negotiation charges of bank, Export declaration, Certificate of origin etc.Packing shall be Air/Sea worthy, best suitable for trans-shipment and to take care of transit damages.
Payment TermsFor Purchase within India :- 1) Credit period less than 45 days15* For Foreign Purchase :- 1) Payment through At Sight Letter of Credit102)Payment through Letter of Credit with usance credit of 45 days53) Sight Draft with credit period less than 45 days52.Penalty for Delayed Delivery1) Non – Acceptance102) Partial Acceptance ( X% )(10 – X) * All bank charges shall be to seller’s account.
Price offered shall be for goods packed and delivered F.C.A (named international Airport) ,FOB International sea port including packing, forwarding, Handling, Ancillary charges like processing of Sight Draft, Letter of credit (L/C) if applicable, negotiation of bank documents, Export declaration, Certificate of origin etc.Packing shall be Road / Rail / Air / Sea worthy, best suitable for transshipment and to take care of transit damages.
For foreign suppliers, the preferred payment term will be on Sight Draft basis and bank charges inside India will be to BHEL account and outside India will be to supplier’s account.
IMPORT ORDERS: NET 30 days / Documents through bank / Sight Draft or Irrevocable Letter Of Credit.
Being a Government of India Department, the normal terms of payment are by Sight Draft [SD].
The Sight Draft / Letter of Credit will be operative on presentation of the under mentioned documents: Original Bill of Lading / Airway Bill Commercially certified invoices describing the stores delivered, quantity, unit rate and their total value, in triplicate.
For offers received with Sight Draft payment terms with usance of less than 45 days, loading of 5% will be applicable.
Being a Department of the Government of India, the normal terms of payment are by Sight Draft.
TERMS OF PAYMENT: Being a Department of the Government of India, the normal terms of payment are by Sight Draft.