1) party b shall, within 15 days after signing this agreement, establish in favor of party a an irrevocable banker’s acceptance l/c in payment for the equipment, for an amount not less than j ¥, available by draft at 180 days sight. the irrevocable l/c will be effective only after receipt by party b of a satisfactory reciprocal l/c opened by party a for payment of the canned asparagus. after receipt of the irrevocable l/c, party a shall effect shipment of the equipment in time, provide the required documents according to article 7 of this agreement together with the draft at 180 days sight, and obtain its bank’s acceptance.
2)from the date of acceptance of the draft and not later than 7 days thereafter, party a shall reciprocally establish in favor of patty b an irrevocable l/c in payment for the canned asparagus, for an amount not less than j ¥, available by sight draft. the stipulations of this reciprocal l/c shall be in conformity with those in this agreement.