Document background
The At Sight LC is a crucial trade finance instrument used when immediate payment security is required in international transactions. It represents a bank's irrevocable commitment to pay the beneficiary upon presentation of compliant documents, governed by Singapore law and UCP 600 rules. This document type is particularly relevant for Singapore-based traders and companies engaged in international commerce, providing a secure payment mechanism while ensuring compliance with local banking regulations and international standards. The At Sight LC includes specific terms regarding document presentation, payment conditions, and compliance requirements, offering both parties the security of Singapore's robust legal framework.
