The At Sight LC is a fundamental trade finance instrument used in international commerce when immediate payment is required upon document presentation. This document type is particularly relevant in the Pakistani market where it must comply with local banking regulations, foreign exchange rules, and international banking practices. The At Sight LC provides security to both importers and exporters by ensuring that payment will be made only against the presentation of specified documents that comply with the LC terms. It includes detailed requirements for document presentation, payment terms, and shipping conditions, all while adhering to Pakistani legal requirements and UCP 600 guidelines. This document is especially crucial in transactions where sellers require immediate payment assurance and buyers need to demonstrate their creditworthiness through bank backing.

1. LC Number and Bank Details: Unique LC identification number and issuing bank's complete details

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

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

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

5. Currency and Amount: The currency and amount for which the LC is issued, in both figures and words

6. Type and Form: Specification that this is an irrevocable at sight LC

7. Expiry Date and Place: The date and place where the LC expires

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

9. Payment Terms: Specification of at sight payment terms and conditions

10. Required Documents: Detailed list of documents required for LC settlement

11. Shipment Terms: Details of shipment including latest shipment date and partial shipments status

12. Description of Goods: Detailed description of goods including quantity and unit price

13. Port Details: Loading and discharge ports or places of taking in charge and final destination

14. Governing Law and UCP Reference: Reference to Pakistani law and UCP 600 governance