英语翻译
30% as down payment at order against an "Advance Payment Bond" expiring at shipment or pro rata with the shipment.
70% under irrevocable L/C confirmed by first class European bank payable in Italy,negotiable and against shipping documents and issuance of our "Performance Bond" equal to 5 % of the total contract value,expiring after the positive commissioning of the plant and issuing of your "release note"