Sight Draft for Standby Letter of Credit | Practical Law

Sight Draft for Standby Letter of Credit | Practical Law

A form of sight draft, to be used by the beneficiary in making its demand for payment under a standby letter of credit. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.

Sight Draft for Standby Letter of Credit

Practical Law Standard Document w-021-2808 (Approx. 10 pages)

Sight Draft for Standby Letter of Credit

by Practical Law Finance
MaintainedUSA (National/Federal)
A form of sight draft, to be used by the beneficiary in making its demand for payment under a standby letter of credit. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.