IRREVOCABLE DOCUMENTARY CREDIT APPLICATION.doc

IRREVOCABLE DOCUMENTARY CREDIT APPLICATION TO： HUA XIA BANK CO.，LTD. L/C No. Date: Jul.21., 2004 Applicant ZHEJIANG ALISON IMP. EXP. CO., LTD. C-719,WORLD TRADE CENTRE OFFICE BUILDING 122 SHUGUANG ROAD, HANGZHOU,310007 CHINA Tel: 0086-571 Fax: 0086-571Beneficiary(full neame, address and tel etc.) SAMSUNG CORPORATION SAMSUNG-PLAZA BUILDING 263, SEOHYEON-DONG, BUNDANG-GU, SEONGNAM, GYEONGGI-DO, KOREA 463-721 TEL: 82-2-2145-2500 FAX: 82-2-2145-2596 Partial shipments ( X ) allowed ( )not allowed Transhipment ( X )allowed ( ) not allowed issued by (X ) teletransmission ( )express delivery Loading on board/dispatch/ taking in charge at/from ANY TAIWAN PORT Not later than AUG.10., 2004 For transportation to SHANGHAI, CHINA Contract No.: SMST/24116 Credit Amount (both in figures and words): USD374,694.00 US DOLLARS THREE HUNDRED SEVENTY FOUR THOUSAND SIX HUNDRED AND NINTY FOUR ONLY. Trade Term: ( )FOB ( X ) CFR ( ) CIF ( ) 0thers: Description of goods: SEE ATTACHMENT Date and place of expiry: Aug.30., 2004 CHINA Credit available with ( ) by sight payment (X ) by acceptance ( ) by negotiation ( ) by deferred payment at against the documents detailed herein (X ) and beneficiary’s draft for 100 % of invoice value at 90 DAYS AFTER B/L DATE On issuing bank Documents reauired: (marked with X) 1. (X ) Signed commercial invoice in 3 copies indicating L/ C No. and Contract No. SMST/24116 2. (X) Full set of clean on board Bills of Lading made out [X ] to order/ [ ] to the order of and blank endorsed, marked “ freight [ X ] prepaid/ [ ] to collect showing freight amount” notifying [ ]the applicant/ [ ] 3. ( ) Air Waybills showing “freight [ ]prepaid/ [ ] to collect indicating freight amount” and consigned to 4. ( )Insurance Policy/Certificate in 3 copies for 110 % of the invoice value showing claims payable in China in currency of the draft,blank endorse