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LETTER OF AUTHORIZATION
KNOW ALL MEN BY THESE PRESENTS, that we, , a company organized and existing under the laws of the People’s Republic of China, having the registered address at , does hereby irrevocably constitute and appoint China Export Credit Insurance Corporation (“Sinosure”), a company organized and existing under the laws of the People’s Republic of China, having its registered address at Fortune Times Building,No.11 Fenghuiyuan,Xi Cheng District, Beijing, China 100032, as our exclusive representative and agent to act for and on behalf of us in connection with the collection of any and all overdue payment, damages and/or penalties, whichever are applicable, under and arising from the Invoices No. signed between and us on as well as any and all interests accrued thereon. We hereby acknowledge and confirm that Sinosure shall have the rights to do all that it, at its sole discretion and in good faith, may deem necessary for the consummation of such collection including without limitation the right of further delegating part or all of the work contemplated hereunder to any third party as Sinosure deems fit, and we hereby irrevocably confirm all that Sinosure shall do therein by virtue of these presents.
This Letter of Authorization shall be effective upon signing and shall be valid and remain in full effect until the collection has been finally resolved. ____ ,
Signed by: [ ]
_______________________
[Name]
Authorized Representative
[Title]
[Date]
Recognized by:
China Export Credit Insurance Corporation
_______________________
[Name]
Authorized Representative
[Title]
[Date]
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