Seller's POP (Export Permit, Warehouse Certificate, Ownership Certificate) exchanged bank-to-bank vs. buyer's POF.
3.Seller reviews Pre-Advice L/C text and notifies buyer.
Buyer opens Non-Operative L/C in seller's favor.
4.Seller posts PB immediately after L/C is opened, activating buyer's L/C.
5.First shipment commences 21-45 days after opening of buyer's financial instrument. Any additional shipments to take place at regular intervals as per contract schedule.