At Sight LC for Singapore

At Sight LC Template for Singapore

An At Sight Letter of Credit under Singapore law is a bank-issued document that guarantees payment to a seller upon presentation of compliant documents. It follows UCP 600 rules and Singapore banking regulations, providing immediate payment upon document verification. The document incorporates specific Singapore legal requirements while maintaining international trade finance standards, making it particularly suitable for transactions involving Singapore-based parties or Singapore dollar denominations.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

3. Create your document to edit, review or download

Download a Standard Template

Get our Singapore-compliant At Sight LC

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
At Sight LC

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

Upload your Doc

What is a At Sight LC?

The At Sight LC is a crucial trade finance instrument used when immediate payment security is required in international transactions. It represents a bank's irrevocable commitment to pay the beneficiary upon presentation of compliant documents, governed by Singapore law and UCP 600 rules. This document type is particularly relevant for Singapore-based traders and companies engaged in international commerce, providing a secure payment mechanism while ensuring compliance with local banking regulations and international standards. The At Sight LC includes specific terms regarding document presentation, payment conditions, and compliance requirements, offering both parties the security of Singapore's robust legal framework.

What sections should be included in a At Sight LC?

1. LC Number and Date: Unique identifier and issuance date of the LC

2. Applicant Details: Complete name and address of the party requesting the LC

3. Beneficiary Details: Complete name and address of the party in whose favor the LC is issued

4. Amount and Currency: LC value and currency specification

5. Expiry Date: Validity period of the LC

6. Required Documents: List of documents required for presentation

7. Payment Terms: Specification of 'at sight' payment condition

What sections are optional to include in a At Sight LC?

1. Partial Shipments: Clause specifying whether partial shipments are allowed - used for trade transactions involving multiple deliveries

2. Transhipment: Clause specifying whether transhipment is permitted - used for international trade requiring multiple transport modes

3. Transfer Conditions: Clause specifying whether the LC is transferable - used when beneficiary might need to transfer rights to another party

What schedules should be included in a At Sight LC?

1. Document Checklist: Detailed list of required documents with specific requirements

2. Bank's Standard Terms: Standard terms and conditions of the issuing bank

3. Fee Schedule: Breakdown of applicable banking charges and fees

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

International Trade
Manufacturing
Commodities Trading
Shipping and Logistics
Banking and Financial Services

Relevant Teams

Finance
Treasury
International Trade
Legal
Operations
Compliance
Risk Management

Relevant Roles

Trade Finance Manager
Treasury Manager
Import/Export Manager
Financial Controller
Documentary Credit Specialist
Compliance Officer
International Trade Specialist

Find the exact document you need

No matches found.

Freely Negotiable Letter Of Credit

A Singapore-law governed bank payment instrument that can be negotiated at any bank, providing secure payment in international trade.

How Cambridge United Uses Genie AI to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Template

What is a At Sight LC?

What sections should be included in a At Sight LC?

What sections are optional to include in a At Sight LC?

What schedules should be included in a At Sight LC?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Freely Negotiable Letter Of Credit

Time Letter Of Credit

Verbiage Letter Of Credit

Transferable LC At Sight

Straight Letter Of Credit

Small Business Letter Of Credit

Secured Letter Of Credit

Red Letter Of Credit

Recourse Letter Of Credit

Local Letter Of Credit

Line Of Credit Letter

Non Operative Letter Of Credit

Letter Of Credit In Logistics

Letter Of Credit 90 Days

Letter Of Credit 60 Days

Letter Of Credit 30 Days

Irrevocable Confirmed LC At Sight

Installment Letter Of Credit

Inland Letter Of Credit

Green Letter Of Credit

Import Documentary Letter Of Credit

Domestic Letter Of Credit

Domestic LC

Discrepancy Letter Of Credit

Digital Letter Of Credit

Business Letter Of Credit

Beneficiary In Letter Of Credit

Authorization Letter To Claim Credit Card Delivery

Bank To Bank LC

Bank Guarantee And Letter Of Credit

Unrestricted Letter Of Credit

Unconditional Letter Of Credit

Transit Letter Of Credit

Synthetic Letter Of Credit

Syndicated Letter Of Credit

Structured Letter Of Credit

Revolving Letter Of Credit

Reverse Letter Of Credit

Restricted Letter Of Credit

Outstanding Letter Of Credit

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Use Cases

Generate Legal Docs Free