An irrevocable, transferable, divisible, unencumbered, unconditional, fully funded documentary letter of credit opened for the whole value contract, confirmed by a u. S. Bank or the u. S. Branch of a top 50 world bank or a top 25 western Europe bank, payable 100% at sight in our bank against presentation of shipping documents as per contract. The documentary letter of credit shall be negotiable and payable at the sellers bank and the opening bank shall allow adding confirmation by any bank at the expense of the buyers side. The letter of credit shall be transferred by buyers bank directly to sellers bank. Procedures: 1. Buyer sends LOI + BCL fresh dated. 2. Seller issues draft contract. 3. Buyer returns to seller by email the signed, sealed agreement. 4. Seller signs, seals and stamps the contract and sends the hard copies by e. Mail or fax back to buyer. 5. Within(7)international banking days the buyer must issue the Agreed letter of credit in favor of the seller. 6. Seller will then issue a 2% performance bond in favor of the buyer. The performance bond will take up to 7 working days and will be issued in the form of a standby letter of guarantee to guarantee the delivery of the products. 8. Within 10-20 days after signing of this agreement, the buyer will advise the seller in writing the particulars of the discharge port relevant to this agreement. 9. Shipment will begin as per agreed shipping schedule and within 35-45 of receipt of agreed financial instrument. 10. Nothing without procedures above will accepted before previous consult from agent to us. Any conduct out of procedure could be rejected.