An At Sight LC is a fundamental trade finance instrument used to facilitate secure international trade transactions. It represents a bank's irrevocable undertaking to pay the seller (beneficiary) immediately upon presentation of compliant documents, providing security to both parties in cross-border transactions. Under German law, these instruments must comply with both international standards (UCP 600) and domestic regulations, including the German Commercial Code (HGB) and Banking Act (KWG). The document is particularly crucial when parties seek immediate payment security in international trade, combining the reliability of German banking infrastructure with globally recognized letter of credit practices. It specifies document requirements, payment terms, and conditions while ensuring compliance with German regulatory requirements and anti-money laundering provisions.

1. LC Number and Form of Documentary Credit: Unique identification number and specification that this is an irrevocable At Sight Letter of Credit

2. Date of Issue: The date when the Letter of Credit is issued

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

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

5. Currency and Amount: The currency and exact amount for which the LC is issued

6. Available With/By: Specifying the nominated bank and manner of availability (payment at sight)

7. Expiry Date and Place: The last date for presentation of documents and location where presentation must be made

8. Documents Required: Detailed list of all required documents for presentation (commercial invoice, transport documents, etc.)

9. Goods Description: Brief description of the goods/services being traded

10. Shipment Terms: Latest shipment date and any partial/transshipment conditions

11. Presentation Period: Time period within which documents must be presented after shipment

12. Banking Charges: Specification of which party bears which banking charges