Within the domain of trade finance services, the utilization of a Sight Letter of Credit (LC) carries substantial significance. The payment method offered by this system is characterized by its directness and simplicity, which serves to instill confidence in both the buyer and the seller participating in the trade transaction. The preset terms and conditions of a Sight Letter of Credit (LC) dictate that after the seller satisfies the stipulated standards and submits the requisite documents, the money is disbursed.
Tags: Letter of Credit,trade finance services,
