Mr. pingyong wang (who lives in ningbo) reached an agreement with mr. smith on april 2 for the purchase of 12,000 pieces of xingxing Tshirts on CIF New york and there is a vessel sailing from ningbo to new york on may 3 2020 ( may 1st - 5th are the holidays for most of the institutions in China )

As to a payment , they agreed to make by ; 30% by T/T and balance by L/C.

30% PAYMENT can be paid after the issuarance of B/L by shipping company.

work out a complete transaction procedures for the delivery of the goods including the procedures of B/L, L/C payment etc