NANYANG COMMERCIAL BANK , LTD ..DOCVIP

NANYANG COMMERCIAL BANK , LTD . PAGE 1 NANYANG COMMERCIAL BANK BUILDING, 151 DES VOEUX ROAD.C. HONG KONG. WESTERN DISTRICT BILLS CENTRAL 128 BONHAM STRAND E. HONG KONG, CHINA DATE AND PLACE OF ISSUE: 2001/10/30 HONG KONG, CHINA IRREVOCABLE DOCUMENTARY CREDIT 95008AC DATE AND PLACE OF EXPIRY: 2002/01/05 In the country of the beneficiary APPLICANT SM Trading Company, 15 GH Road, Hong Kong, China Tel/fax : 852-988844 Beneficiary BEIJING INTERNATIONAL TRADE CORP, NO.7 BAISHIQIAO ROAD, BEIJING 100081,CHINA, TEL:8610684166 Fax: +86-10-686833 ADVISING BANK: BANK OF CHINA. BEIJING. AMOUNT:USD800,000.- PARTIAL SHIPMENTS ARE NOT ALLOWED TRANSHIPMENT IS NOT ALLOWED SHIPMENT FROM Xingang,China TO HONG KONG, CHINA LATEST 2001/12/20 CREDIT AVAILABLE BY NEGOTIATION] AGAINST PRESENTATION OF THE DOC. DETAILED HEREIN AND OF YOUR DRAFT(S) AT SIGHT DRAWN ON US FOR FULL INVOICE VALUE LIST OF DOCUMENTS TO BE PRESENTED: FULL SET OF CLEAN ON BROAD BILLS OF LADING NOTIFY APPLICANT MARKED “FREIGHT PREPAID”. SIGNED COMMERCIAL INVOICE IN 3 ORIGINALS INDICATING S/C NO.MY78 LC No. PACKING LIST IN 3 ORIGINALS . FULL SET OF INSURANCE POLICY OR CERTIFICATE FOR 110 PCT OF FULL INVOICE VALUE COVERING ALL RISKS AND WAR RISKS BENEFICIARY’S CERTIFIED COPY OF FAX TO APPLICANT ADVISING SHIPMENT DETAILS INCLUDING CREDIT NO., VESSEL’S NAME/WAGON NO., SHIPMENT DATE, NO. OF PACKAGES, AMOUNT QUANTITY AND SHIPPING MARK ON OR BEFORE SHIPMENT EFFECTED. Continue to next page CONTINUE TO NEXT PAGE We hereby issue this Documentary Credit in your favor. It is subject to the Uniform Customs and Practice for Documentary Credits(1993 Revision, International Chamber of Commerce Paris. France. Publication NO.500) and engages us in accordance with the terms thereof, and especially in terms of Article 10 thereof. The number and the date of the cr