11.6.5.1 “credit available by sight payment”通过即期付款...

11.6.5.1 “credit available by sight payment”通过即期付款取得款项

When a credit is available by sight payment,the amount of the credit is available to you as soon as the terms of the credit are met.Thisis achieved by the paying bank’s honoring the bill of exchange you have drawn on it.Once the paying bank makes payment against a complying presentation,it cannot take recourse to you.

Please note,however,when you present the documents,normally only two banks are involved for convenience and for saving money.In the first scenario,the issuing bank nominates your bank as the paying bank.In the second,the issuing bank per se acts as the paying bank and makes the payment.The difference between the two is—in the first scenario,you could get payment sooner than in the second,as in the second case,you must wait until the issuing bank reimburses your bank.