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the paying buyer's letterhead, with Target Price, Payment method, with Top 50 bank data, company CIS, copy of the passport attached to the LOI, signature and stamp, dated. PROCEDURES: 1. The buyer issues an ICPO with company registration, including a copy of the buyer's passport. 2. The seller issues the draft contract (SPA) to the buyer; Buyer and Seller review and sign the mutually accepted and Buyer RETURNS TO SELLER WITH MT799 via swift to Seller's bank. 3. The seller submits the signed contract to the government ministry for registration, legalization and notarization at the seller's expense. 4. Seller issues Buyer the soft performance warranty P P O P documents listed below: Product supply commitment letter Product availability letter Certificate of origin Product passport Notice of readiness 5. The BUYER's bank ISSUES the bank instrument via SBLC MT760 for the amount of the first remittance to the Seller's bank coordinates, within seven (7) working days after the buyer receives the final approved contract in PDF format with PPOP to allow that the seller initiates procedures with the transport company and releases the complete set of POP documents. 6. Seller pays all intermediaries involved in the transaction as per signed NCNDA/IMFPA within 72 hours. 7. Thereafter, monthly shipment continues in accordance with the signed SPA and payment for the product will be made upon successful SGS/CIQ or equivalent inspection via TT/ 103. 8. After successful SGS/CIQ inspection by the buyer, the product is unloaded at the buyer's storage facility. The buyer's bank releases the full payment amount for the product or the balance payment via MT03/TT in USD or equivalent and title to the product transferred to the buyer. Note: If the buyer does not issue the bank instrument within seven (7) working days, alternatively, the buyer pays via MT103/TT USD 475,000.00 or equivalent in EURO/RMB as execution of provisional guarantee within 72 hours and the amount will be deducted from the product's face value when final payment is made. 9. Within 5 working days after the seller's bank receives the buyer's bank instrument, the seller's bank issues 2% PB to the buyer's bank account, which is detailed and mutually agreed upon in the signed contract. (Note: 2% PB will not be issued by seller for $475,000 Alternate Provisional Warranty Performance Payment) 10. Upon successful receipt by the seller's bank of the non-banking instrument and receipt by the buyer of 2% PB from the seller's bank or, alternatively, upon receipt of payment MT103/TT of USD 475,000.00 by the seller's bank , the seller starts loading the product within 7 days and issues completed POP/Shipping documents. 11. The shipment begins as provided for in the contract and upon arrival of the cargo at the unloading port, the buyer's inspection team performs SGS/CIO or Equivalent Inspection to verify the quality and quantity of the product.