diamond deal

My buyer of diamonds wants this procedure


"What we want is that the Seller with the SKR(safekeeping receipts) that you have arrived at the Bank and send a SBLC VIA MT 760 LOCKED to the Buyer's Bank because SKR is already a Guarantee that the product exists and our bank will immediately send a MT 760/130 Which is already the payment of diamonds."

I want to know if this is a legal procedure as I know that buyers are the ones who should send the MT760 as bank guarantee.

[AlanJones]

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