Draft at sight的意思

"Draft at sight" is a term used in international trade, particularly in the context of letters of credit (LC). It refers to a type of documentary credit where the issuing bank agrees to provide payment to the exporter (beneficiary) upon presentation of the required documents and the inspection of the goods at the port of shipment.

In other words, with a "draft at sight," the exporter can obtain payment immediately after the bank has examined the documents and confirmed that they comply with the terms of the letter of credit. This type of payment is typically faster than other methods, as there is no need for a pre-shipment inspection or a waiting period.

The key points of "draft at sight" are:

  1. Documentation: The exporter must provide all the necessary documents as specified in the letter of credit, such as a commercial invoice, bill of lading, and certificate of origin.

  2. Inspection: The bank will inspect the documents to ensure they are in order and that they match the terms of the LC.

  3. Payment: Once the documents are found to be in order, the bank will make the payment to the exporter without any further delay.

This method of payment is beneficial for exporters who want to ensure quick access to funds and reduces the risk of non-payment. However, it is important to note that the goods must meet the quality and quantity specifications as per the LC, and any discrepancies can lead to delays or non-payment.