A sight draft is one that is not accompanied by any special documents and is generally used when the exporter has confidence in the importer's ability to meet the draft when presented.

Question

Quizplus · Accepted Answer

A sight draft requires the payment to be made on presentation to the drawee, but it is often accompanied by documents (such as a bill of lading) that control the possession of the goods, not necessarily indicating a lack of special documents.

A Sight Draft Is One That Is Not Accompanied by Any