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.
The concept of a letter of credit can be complicated. The easiest way to get a handle on things is to see a visual step-by-step example. The Money Behind a Letter of Credit. A bank promises to pay on behalf of a customer, but where does the money come from? The bank will only issue a letter of credit if the bank is confident that the buyer will pay.