The At Sight LC is a fundamental trade finance instrument used in international commerce under Qatar's legal framework. It serves as a secure payment method where the issuing bank commits to pay the beneficiary immediately upon presentation of compliant documents. This type of LC is particularly useful in transactions where sellers require immediate payment assurance and buyers need to demonstrate their creditworthiness. The document must comply with Qatar's banking regulations, including Qatar Central Bank directives and the Qatar Commercial Law, while also adhering to international banking practices such as UCP 600. At Sight LCs are commonly used in Qatar's major industrial sectors, particularly in oil and gas, construction, and manufacturing, where immediate payment upon document presentation is crucial for smooth trade operations.

1. LC Number and Date: Unique identification number and issuance date of the Letter of Credit

2. Issuing Bank Details: Complete name and address of the bank issuing the Letter of Credit

3. Applicant Details: Full name, address, and contact information of the buyer/importer requesting the LC

4. Beneficiary Details: Full name, address, and contact information of the seller/exporter

5. Currency and Amount: Specified currency and maximum amount of the LC

6. Expiry Date and Place: Clear statement of when and where the LC expires

7. Available With/By: Specification of how and where the LC is available (payment, acceptance, negotiation)

8. Partial Shipments/Transhipment: Whether partial shipments or transhipment is allowed or prohibited

9. Loading/Dispatch/Taking in Charge: Shipment details including place of taking in charge/dispatch and destination

10. Document Presentation Period: Timeframe within which documents must be presented after shipment

11. Description of Goods: Clear and concise description of the goods being traded

12. Required Documents: List of all documents required for presentation

13. Additional Conditions: Any specific conditions or terms that must be met

14. Charges: Specification of which party bears which banking charges