Select Page

Drafts/Transmittal Letters

Drafts / Transmittal Letters are the most seasoned instruments in international trade. The Draft, a negotiable instrument, must contain all of the following elements:

  • It must be signed by the drawer
  • It must be payable on demand (Sight) or at a specific time (Time)
  • It must contain an unconditional order to pay a certain amount of money
  • It must be properly endorsed either to the drawer or to the drawer’s bank

Showing all 3 results

  • DrftTransLtr

    Drafts/Transmittal Letters

  • SightDrft

    Sight Draft

  • TimeDrft

    Time Draft