CIF TRANSACTING PROCEDURE  1. Buyer issues CP, ICPO inserting seller’s terms and procedures.  2. Seller issues draft contract/SPA which is open for amendments. 3. Buyer returns the signed draft contract with NCNDA/IMFPA and a letter of guarantee to perform. 4. Seller submits the signed SPA for registration and legalization with the appropriate authorities. 5. Seller sends the below listed partial pop documents to buyer via mail. A. statement of availability of product B. commitment to supply the product C. certificate of origin D. Product Passport 6. Buyer within 7 banking days issues DLC swift MT700 or SBLC swift MT760 according to Seller's  fiduciary bank verbiage to seller nominated fiduciary offshore bank account for first month  shipment, and whereby buyer fail to issue payment instrument within 7 banking days, buyer will  make cash deposit of $300, 000 by TT wire transfer for allocation and security guarantee to enable  seller charter vessel and...