In the initial requirment it reads:
Payment: seller to produce the issuance of non operative 2% perform
ance bond against non operative LC/SBLC issued by the buyer and upon the signing of the contract and the receipt of copies of the bill of lading and relative shipping documents the SBLC/LC will become operative as well as the performance bond.
If the above offer is acceptable to you kindly indicate same by return and forward both the pro forma invoice as well as a draft con tract for our review and acceptance to enable us proceed with sugar transaction