rument to be confirmed by the Prime bank Non-transferable irrevocable payable at sight of documents.
5.Seller's bank issues non-operative Performance Bond to Buyer's bank by MT760 (only on a monthly contract)
6. Within 5 days, Buyer's bank isses DL/C for spot or RDL/C for contract to Seller's Bank making PB operative. (Alternatively SBLC + MT103)
7. Seller issues Proof of Product.
8. Shipment starts as agreed within 20 to 30 days after the financial insutrument is opened from the Buyer's Bank t