ORIGIN: Brazil PAYMENT METHOD - NON-TRANSFERABLE DLC / SBLC 1. After the Contract signed by Parties - Seller and Buyer, the Buyer agrees to provide POF (Proof Of Funds) within 5-7 banking days: RWA or BCL via SWIFT 799 (from bank to bank) for monthly shipment. 2. After receiving POF from the Buyer, the Seller agrees to provide: POP (Proof Of Product) in the form of warehouse receipt. Within 5 banking days after receipt of POP the Buyer first shall issue Operative, Irrevocable, Transferable / Non-transferable, Confirmed DLC / SBLC in USD for the amount of 100% of the first shipment value according to the Proforma INVOICE which is integral part of the Contract. The validity of DLC / SBLC is 60 banking days. The Seller shall inform buyer about loading details. 4. After receiving the DLC / SBLC from the Buyer the Seller should issue 2% PERFOMANCE BOND from the amount of DLC (as the guarantee of shipping of the goods to destination port). The validity of 2% PB is 60 banking days. DLC / SBLC will be activated after receiving the Performance bond by the Buyer. 5. The payment for the shipped consignment shall be made via MT 103 /202 at the loading against the BL, SGS quality & quantity report and shipping documents in the loading port and then the vessel leaves the loading port.