Is there a difference between L/C at sight and sight draft?
From what i know, the former is paid after the shipping documents have been presented and the latter is to pay first and have the documents presented later? Am i right/wrong?
If the two are not similar then is the L/C still considered as L/C at sight(in a class/meaning of its own) or revocable. irrevocable,confirmed etc L/C.
Thanks