- Published on
KembaraXtra- Financial Terms- after sight refers to wording used in a bill of exchange indicating that the payment period begins when the drawee receives and sees the bill for acceptance.
The phrase means that the maturity period starts only after the bill has been formally presented to the drawee.
For example, “60 days after sight” means payment becomes due sixty days after the drawee has accepted or viewed the bill.
This arrangement is common in trade finance where acceptance by the drawee is necessary before calculating the payment date.
After sight differs from after date because the payment period depends on presentation and acceptance rather than the written date on the bill.
The phrase means that the maturity period starts only after the bill has been formally presented to the drawee.
For example, “60 days after sight” means payment becomes due sixty days after the drawee has accepted or viewed the bill.
This arrangement is common in trade finance where acceptance by the drawee is necessary before calculating the payment date.
After sight differs from after date because the payment period depends on presentation and acceptance rather than the written date on the bill.
0 Comments