Document background
The At Sight LC is a fundamental trade finance instrument used to facilitate secure international trade transactions under Danish law. It provides an irrevocable commitment from a bank to pay the seller (beneficiary) immediately upon presentation of compliant documents, offering both parties security and risk mitigation. The document incorporates requirements from Danish financial regulations, EU banking laws, and international banking practices (UCP 600), making it suitable for cross-border transactions where immediate payment is required. This type of LC is particularly valuable when sellers require prompt payment assurance and buyers need to demonstrate their creditworthiness through a bank's undertaking.
