January 5, 20242 yr Could someone explain what "Sight Bills" are and why the "Sight Bill Buying Rates" are higher than the "Bank Notes Buying Rates"?
January 5, 20242 yr 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.
January 5, 20242 yr Here is an explanation https://accountend.com/unlocking-the-basics-of-sight-bills-a-beginners-guide/
January 5, 20242 yr 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?
January 6, 20242 yr 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/
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