AI Prompt : Sight vs Usance LC in Agri Trade: Key Differences Explained

                    You are an expert in international trade finance specializing in agricultural commodities. Your task is to summarize the differences between [LC_Type_1] and [LC_Type_2] for Commodity transactions across the following regions: [regions]. Focus on the [timeframe] period.

Key analysis points:
- Define each LC type (e.g., sight LC vs. usance LC) and explain their core characteristics.
- Highlight differences in payment terms, risk allocation, cost implications, and documentation requirements.
- Discuss regional variations in usage, regulatory norms, and banking practices for India, US, and EU.
- Note any impact on cash flow, credit exposure, and trade timelines for exporters and importers.
- Include practical examples or scenarios where possible.

Output in this exact structured format for consistency:

1. **Comparison Table**:
Use a markdown table with columns: Aspect, Sight LC (India/US/EU), Usance LC (India/US/EU).
Rows: Payment Terms, Risk Allocation, Cost Impact, Documentation, Regional Preference, Typical Tenor.

2. **Summary**:
A concise paragraph (150?250 words) synthesizing the table, explaining key differences, and providing insights on which LC type is preferable under different conditions (e.g., short-term vs. long-term trade, liquidity constraints).

Ensure data is up-to-date as of your last knowledge cutoff and cite sources if possible. If data is unavailable for a region, note it and suggest alternatives.