Saudi Bitumen 60/70

We have bitumen 6070 from saudi arabia.
quantity: one (1m) million tons per month
contract period: twelve (12) months
price: gross price us $600 mt
financial security: bank guarantee (bg) via swift mt-760 covering the value equivalent to
one and half (1.5) months shipments value with a maturity of 1 year 45 days
shipment payment: mt-103 tt equivalent to the volume of the commodity shipped.
performance bond: value at 2% of bank guarantee (bg) amount.
shipping: within sixty (60) working days after the verification, clearance & acceptance of
the bg & aval and as per the agreed on delivery schedule
procedures:
1. end-buyer sends loi to end seller via: united golden company for international trade ltd
2. seller sends fco and specifications.
3. end-buyer confirms the price and specifications and issue pof.
4. seller issues a draft contract and sends to end-buyer.
5. end-buyer makes his amendments signs and sends back to seller.
6. if seller agrees with the amendments of the end-buyer, seller makes hard copies of the contract.
7. seller and end-buyer lodge the contract to their respective banks and open lc.
Shipment commences as per contract agreements between buyer & seller.