PACIFIC AIR WELD CORP United States

1. Commodity: long grain white rice 5% , 10% , 15% . 25% broken. 2. Specifications: Moisture14. 5 pct maxForeign matter 0. 3 pct maxChalky kernels8. 0 pct maxDamaged kernels2. 0 pct maxRed kernel / Red sreaked kernel5. 0 pct maxYellow kernel2. 0 pct maxPaddy grain30 grains / KG maxGlutinous rice1. 0 pct maxAverage Length of grain6. 0 mm minMilling degreeWell milled & double polishedHere are the following info: COMMODITY: Long grain white rice 5% , 10% , 15% , 25% . ORIGIN: VietnamPACKING: 50 KG BagsDELIVERY: FOB Only (will Guide shipping company) PAYMENT: Irrevocable, Confirmed, Transferable and Divisible Stand-by Letter of CreditPB 2% Performance Bond of the Contract, Issued by Seller's BankPROCEDURE1. Buyer issues LOI + BCL. 2. Seller issues FCO. 3. Buyer returns FCO duly signed and sealed. 4. Seller issues Draft Contract in favor of the Buyer. 5. Buyer returns the Draft Contract by exchanging it by email attachment, dulysigned and sealed within 3 banking days. The signed & sealed draft copywill be deemed legal until hard copies exchanged. 6. Seller sends 06 (six) Hard Copies duly signed & sealed. Buyer will dulysign & seal all copies and return back 04 (four) copies to the Seller. This willnot delay the buyer in issuing letter of credit. 7. Buyer's Bank issues to Seller's Bank Irrevocable, Non-Operative, Transferable And Confirmed Stand-By Letter Of Credit as requiredunder the terms and conditions of this contract. 8. Seller's bank will issue to the Buyer Certificate Of Allocation, uponreceiving banking instrument Opening Pre-Advice. 9. Within 05 (five) days of confirmation of letter of credit, seller provides 2% Performance Bond which activates buyers non-operative letter of credit. 10. Delivery And Shipment commence as per schedule mutually agreed.