LONG GRAIN WHITE RICE

Here are the following info: 

COMMODITY: Long grain white rice 5%,10%,15%, 25%.
ORIGIN: Vietnam
PACKING: 50 KG Bags
DELIVERY: FOB Only (will Guide shipping company)
PAYMENT: Irrevocable, Confirmed, Transferable and Divisible Stand-by Letter of Credit
PB 2% Performance Bond of the Contract, Issued by Seller's Bank
PROCEDURE
1. 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, duly
signed and sealed within 3 banking days. The signed & sealed draft copy
will be deemed legal until hard copies exchanged.
6. Seller sends 06 (six) Hard Copies duly signed & sealed. Buyer will duly
sign & seal all copies and return back 04 (four) copies to the Seller. This will
not 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 required
under the terms and conditions of this contract.
8. Seller's bank will issue to the Buyer Certificate Of Allocation, upon
receiving 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.