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08:22 Aug 23, 2011 |
Serbo-Croat to English translations [PRO] Law/Patents - Law: Contract(s) | |||||||
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| Selected response from: Vesna Maširević Serbia Local time: 07:14 | ||||||
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5 +2 | at sight |
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po viđenju at sight Explanation: http://www.manhuzice.in.rs/poslovni.html po viđenju - at sight What Does At Sight Mean? A payment due on demand. An at sight payment will require the party receiving the good or service to pay a certain sum immediately upon being presented with the bill of exchange. Read more: http://www.investopedia.com/terms/a/at-sight.asp#ixzz1Vq544n... http://www.encyclo.co.uk/define/Payment at sight Payment at sight Written as one of the terms of payment in a letter of credit, this means that the payment will be made immediately when the completion of the trade is documented, as opposed to after some specified delay. http://www.internationaltrade.co.uk/articles_print.php?CID=1... Payment at sight • The exporter sends goods first to the destination country. • The exporter sends the required documents to his/her own bank. • The bank sends the required documents to the buyer’s bank. • The buyer’s bank obtains the buyer’s payment and releases the required documents to the buyer. • The buyer obtains delivery of the goods. For a documentary collection D/P with payment at sight, the terms of the sales contract stipulate that the buyer must pay as soon as the exporter presents the documents. Upon such payment, the exporter releases the transport documents (typically including bills of lading that grant title to the goods) to the buyer, who can then arrange for delivery of the goods. -------------------------------------------------- Note added at 20 mins (2011-08-23 08:42:45 GMT) -------------------------------------------------- http://www.businessdictionary.com/definition/payable-at-sigh... payable at sight Payable when presented. http://www.scribd.com/doc/24527448/Englesko-Srpski-Recnik-Pr... Englesko - Srpski Recnik Privrede plativ po viđenju - payable at sight |
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