6am:The Saint Pauls, NC forecast for Apr 14 is 53 degrees and Clear. There is 77 percentage chance of rain and 4 mph winds from the Northeast. 9am:The Saint Pauls, NC forecast for Apr 14 is 59 degrees and Sunny. There is 62 percentage chance of rain and 4 mph winds from the Northeast.
Sight Letter Of Credit. What is a 'Sight Letter Of Credit'. A sight letter of credit is payable once it is presented along with the necessary documents. An organization offering a sight letter of credit commits itself to paying the agreed amount of funds provided the provisions of the letter of credit are met.
Definition. A letter of credit that is paid a fixed number of days after shipment or presentation of prescribed documents. It is used where a buyer and a seller have a close working relationship because, in effect, the seller is financing the purchase by allowing the buyer a grace period for payment.eferred payment letter of credit (L/C). A letter of credit that is paid a fixed number of days after shipment or presentation of prescribed documents.