An At Sight LC is a fundamental trade finance instrument used when immediate payment is required in international trade transactions. This document type provides security to both buyers and sellers by having a bank guarantee payment upon presentation of compliant documents. The At Sight LC is particularly useful in transactions where the seller wants assurance of prompt payment after shipping goods and presenting required documentation. Under U.S. jurisdiction, these documents are governed by both federal and state laws, primarily through the Uniform Commercial Code Article 5, while also adhering to international banking practices under UCP 600. The document typically includes detailed specifications about the transaction, required documents, payment terms, and conditions that must be met for payment to be released.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Letter of Credit Number and Date: Unique identification number and issuance date of the LC
2. Applicant Details: Full name, address, and contact information of the party requesting the LC (buyer/importer)
3. Beneficiary Details: Full name, address, and contact information of the party receiving the LC (seller/exporter)
4. Issuing Bank Details: Name, address, and SWIFT code of the bank issuing the LC
5. Credit Amount and Currency: Specific amount and currency of the LC, stated in both numbers and words
6. Available With/By: Specification of where and how the credit is available (payment, acceptance, or negotiation)
7. Expiry Date and Place: Clear statement of when and where the LC expires
8. Documents Required: Detailed list of all required documents for presentation
9. Shipment Terms: Latest shipment date and basic shipment details
10. Presentation Period: Timeframe within which documents must be presented after shipment
11. Payment Terms: Specification that payment is to be made at sight upon presentation of complying documents
1. Advising Bank Details: Include when an advising bank is used to authenticate the LC to the beneficiary
2. Transferability Clause: Include when the LC needs to be transferable to another beneficiary
3. Partial Shipments/Drawings: Include when specifying whether partial shipments or drawings are allowed or prohibited
4. Transhipment: Include when specifying whether transhipment is allowed or prohibited
5. Insurance Coverage: Include when specific insurance requirements need to be detailed
6. Special Conditions: Include when there are additional terms or conditions specific to the transaction
7. Bank Charges: Include when there's a need to specify which party bears which bank charges
8. Confirmation Instructions: Include when confirmation by another bank is required
1. Schedule A - Document Requirements: Detailed specifications for each required document including format, content, and number of copies
2. Schedule B - Goods Description: Detailed description of the goods being traded, including specifications, quantity, and unit price
3. Schedule C - Special Payment Conditions: Any specific payment terms or conditions that apply to the LC
4. Appendix 1 - Standard Banking Forms: Standard forms required by the issuing bank for document presentation
5. Appendix 2 - UCP 600 References: Specific UCP 600 articles applicable to this LC
Find the exact document you need
Beneficiary Letter Of Credit
A U.S.-governed banking instrument that provides payment security in international trade, representing a bank's irrevocable commitment to pay the beneficiary upon presentation of compliant documents.
Download
Advising Bank Letter Of Credit
A U.S.-compliant banking document that notifies and authenticates a letter of credit to a beneficiary, outlining terms and conditions for payment under UCC Article 5 and international banking practices.
Download
Advising Bank In Letter Of Credit
U.S.-governed agreement defining an advising bank's roles and responsibilities in letter of credit transactions, incorporating UCC Article 5 and UCP 600 requirements.
Download
Revolving Lc
U.S.-governed agreement establishing a revolving letter of credit facility that automatically reinstates after drawings, subject to specified conditions.
Download
Letter Of Credit Financing
A US-governed banking instrument that guarantees payment in international trade transactions, subject to UCC Article 5 and UCP 600 rules.
Download
Transfer Letter Of Credit
A U.S.-governed banking document that enables the transfer of letter of credit rights from one beneficiary to another in international trade transactions.
Download
Letter Of Credit On Sight
A U.S.-governed banking instrument providing immediate payment upon presentation of compliant trade documents, commonly used in international trade transactions.
Download
Covenant Not To Compete Form
A U.S. legal agreement restricting an employee from competing with their former employer, subject to state-specific enforcement laws.
Download
Letter Of Credit Payment
A US-governed banking instrument that provides payment security in international trade transactions through bank-guaranteed payment upon presentation of compliant documents.
Download
Lc Irrevocable
A US-governed irrevocable payment undertaking issued by a bank, regulated under UCC Article 5 and UCP 600, guaranteeing payment upon presentation of compliant documents.
Download
Irrevocable Lc
A U.S. law-governed banking instrument providing guaranteed payment in international trade transactions, subject to document compliance.
Download
Letter Of Credit In Shipping
A U.S.-governed banking instrument that guarantees payment in international shipping transactions upon presentation of compliant documents, regulated by UCC Article 5 and international trade laws.
Download
Letter Of Credit For Utilities
A U.S.-governed financial guarantee issued by a bank to secure payment obligations for utility services, governed by UCC Article 5.
Download
Issuing Bank In Lc
A U.S.-governed Letter of Credit document representing a bank's irrevocable commitment to pay under specified conditions, compliant with UCC Article 5 and UCP 600.
Download
Unconfirmed Lc
A US-governed financial instrument representing a bank's commitment to pay in international trade transactions, without a second bank's confirmation.
Download
Confirmed And Unconfirmed Letter Of Credit
A U.S.-governed banking instrument providing payment security in international trade, subject to UCC Article 5 and UCP 600, where banks commit to pay against compliant documentation.
Download
Usance Letter Of Credit
A U.S.-governed banking instrument that provides a deferred payment guarantee in international trade transactions, regulated under UCP 600 and U.S. banking laws.
Download
Lc In Shipping
A US-governed Letter of Credit document that facilitates secure payment in international shipping transactions between buyers and sellers through bank-backed guarantees.
Download
Irrevocable At Sight Letter Of Credit
A US law-governed banking instrument providing irrevocable payment commitment to sellers in international trade, payable immediately upon presentation of compliant documents.
Download
Lc 60 Days
A US-governed financial instrument providing a bank's guarantee to pay the beneficiary within 60 days upon presentation of compliant documents in international trade transactions.
Download
Letter Of Credit Transferable
A US-governed transferable letter of credit document that enables the transfer of credit rights from the original beneficiary to second beneficiaries in international trade transactions.
Download
Usance Lc
A US-governed financial instrument providing deferred payment commitment in international trade, ensuring security for both buyer and seller.
Download
Transferable Lc
A U.S.-governed financial instrument that provides payment security in international trade while allowing transfer of rights to secondary beneficiaries.
Download
Lc Without Recourse
A U.S.-governed financial instrument that provides irrevocable payment guarantee in international trade, where the issuing bank cannot seek reimbursement from the beneficiary.
Download
Irrevocable Letter Of Credit
A U.S.-governed Irrevocable Letter of Credit providing bank-guaranteed payment security in commercial transactions, subject to U.S. banking regulations and UCC Article 5.
Download
Documentary Letter Of Credit
A U.S.-governed banking instrument that guarantees payment in international trade transactions upon presentation of compliant shipping documents, subject to UCC Article 5 and UCP 600.
Download
Construction Letter Of Credit
A US-governed financial instrument issued by banks to guarantee contractor performance in construction projects, regulated under UCC Article 5.
Download
Confirmed Lc
A US law-governed banking instrument providing dual-bank payment guarantee in international trade, combining both issuing and confirming banks' commitment to pay against compliant documents.
Download
Confirmed Irrevocable Letter Of Credit
A U.S.-governed banking instrument providing dual-bank payment guarantee in international trade, governed by UCC Article 5 and UCP 600.
Download
Lc Revocable
A U.S.-governed banking instrument that provides a conditional payment guarantee in trade transactions, which can be modified or canceled by the issuing bank without prior notice.
Download
Lc Non Transferable
A US law-governed Letter of Credit that restricts drawing rights exclusively to the named beneficiary, providing secure payment in international trade while prohibiting transfer of rights.
Download
Import Letter Of Credit
A U.S.-governed bank-issued payment guarantee instrument that ensures secure payment in international trade transactions upon presentation of compliant documents.
Download
Discounting Letter Of Credit
A U.S.-governed banking document that enables early payment on a Letter of Credit at a discounted rate, subject to federal banking regulations and UCC Article 5.
Download
Performance Letter Of Credit
A U.S.-governed bank-issued guarantee ensuring contractual performance obligations, payable upon documented failure to perform.
Download
Irrevocable Transferable Lc
A US law-governed banking instrument providing irrevocable payment commitment with transfer rights, commonly used in international trade transactions.
Download
Export Letter Of Credit
A U.S.-governed banking instrument that provides payment security in international trade transactions through formalized documentation and verification processes.
Download
At Sight Lc
A U.S. law-governed Letter of Credit providing immediate payment upon presentation of compliant documents in international trade transactions.
Download
Lc Letter Of Credit
A U.S.-governed Letter of Credit is a bank-issued payment guarantee document used in international trade, providing security for cross-border transactions under UCC Article 5.
Download
Clean Letter Of Credit
A US-governed banking instrument representing an irrevocable payment commitment in international trade, requiring only clean documents for payment.
Download
Evergreen Letter Of Credit
A U.S.-governed automatically renewing letter of credit that provides ongoing payment security until explicitly terminated, subject to U.S. banking laws and UCC Article 5.
Download
łŇ±đ˛Ôľ±±đ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; łŇ±đ˛Ôľ±±đ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it