What are Sight Bills when exchanging currency?

[skraach]

Could someone explain what "Sight Bills" are and why the "Sight Bill Buying Rates" are higher than the "Bank Notes Buying Rates"?

[Etaoin Shrdlu]

Sight bills are used in international trade as a means of payment. In a sense, they're like a cashier's check. I don't know why they would attract a preferential rate.

[freeworld]

Here is an explanation

 

https://accountend.com/unlocking-the-basics-of-sight-bills-a-beginners-guide/

[Lacessit]

15 minutes ago, freeworld said:

Here is an explanation

 

https://accountend.com/unlocking-the-basics-of-sight-bills-a-beginners-guide/

A good link. What happens if the buyer does not accept the goods, or refuses to pay the sight bill?

[topt]

17 hours ago, Lacessit said:

A good link. What happens if the buyer does not accept the goods, or refuses to pay the sight bill?

See D/P in the attached link -

https://bemislawoffices.com/dp-da-use-international-sales-transactions/