英语翻译Upon the receipt of the Performance bond,The Buyer shall

英语翻译
Upon the receipt of the Performance bond,The Buyer shall open an irrevocable non-transferable letter of credit (hereinafter called as the “L/C”) through a prime bank payable at sight in favor of seller in an amount sufficient to cover 100% of CFR value $1000000 plus or minus 10 pct in quantity and amount,with expiry date of negotiation until 120 days after credit issuing date.Partial presentation and partial negotiation are allowed.All banking charges outside China shall be to the account of Seller