skraach Posted January 5 Share Posted January 5 Could someone explain what "Sight Bills" are and why the "Sight Bill Buying Rates" are higher than the "Bank Notes Buying Rates"? Link to comment Share on other sites More sharing options...
Etaoin Shrdlu Posted January 5 Share Posted January 5 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. Link to comment Share on other sites More sharing options...
freeworld Posted January 5 Share Posted January 5 Here is an explanation https://accountend.com/unlocking-the-basics-of-sight-bills-a-beginners-guide/ Link to comment Share on other sites More sharing options...
Lacessit Posted January 5 Share Posted January 5 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? Link to comment Share on other sites More sharing options...
topt Posted January 6 Share Posted January 6 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/ Link to comment Share on other sites More sharing options...
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