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The LC At Sight 90 Days is a crucial trade finance instrument commonly used in Hong Kong's international trade transactions. It provides a balance between the seller's need for payment security and the buyer's desire for extended payment terms. This document type is particularly relevant in Hong Kong's trade-intensive economy, where it facilitates trade while operating under the territory's sophisticated banking and commercial law framework. The LC ensures that while documents must be presented immediately for examination, the actual payment is deferred for 90 days, helping buyers manage cash flow while providing sellers with a bank-backed payment guarantee. It incorporates elements of both traditional sight LCs and usance credits, making it particularly useful for established trading relationships where immediate document presentation but delayed payment is preferred.

1. Issuing Bank Details: Complete details of the bank issuing the LC including name, address, SWIFT code, and reference numbers

2. Form of Credit: Specifies that this is an irrevocable Letter of Credit at Sight with 90 days payment terms

3. Date and Place of Expiry: Clearly stated expiration date and location where documents must be presented

4. Applicant Details: Full name and address of the party requesting the LC (typically the buyer)

5. Beneficiary Details: Full name and address of the party in whose favor the LC is issued (typically the seller)

6. Currency and Amount: The currency and maximum amount for which the LC is valid

7. Payment Terms: Specific details of the 90-day payment terms, including calculation method and trigger points

8. Available With/By: Specifies which bank the credit is available with and by what means (negotiation, payment, acceptance)

9. Partial Shipments/Transhipment: Whether partial shipments or transhipment is allowed or prohibited

10. Loading/Dispatch From: Port of loading or place of dispatch

11. Destination: Port of discharge or final destination

12. Latest Date of Shipment: Final date by which shipment must be made

13. Goods Description: Detailed description of the goods or services covered by the LC

14. Required Documents: List of all documents required for presentation

15. Additional Conditions: Any special conditions or terms specific to this LC

16. Charges: Specification of which party bears various banking charges