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1、THE ROYAL BANK OF CANADABRITISH COLUMBIA INTERNATIONAL CENTRE1055 WEST GEORGIA STREET, VANCOUVER,B.C. V6E 3P3CANADADATE: APR 8, 1998PLACE: VANCOUVERCONFIRMATION OF TELEX/CABLE PRE-ADVISEDTELEX NO. 4720688 CAIRREVOCABLE DOVUMENTARYCREDITCREDIT NUMBER:98/0501-FTCADVISING BANKS REF. NO.ADVISING BANK:SH
2、ANGHAI A J FINACE CORPORATION59 HANGKONGROAD SHANGHAI 200002,CHINAAPPLICAN:JAMES BROWN & SONS #304-310 JALAN STREET, TORONTO, CANADABENEFICIARY:HUAXIN TRADING CO., LTD.14THLOOR KINGSTAR MANSION,676 JINLIN RD., SHANGHAI CHINAAMOUNT:USD46,980.00(US DOLLARS FORTY SIX THOUSAND NINE HUNDRED AND EIGHTEENO
3、NLY)EXPIRY DATE:MAY 15, 1998FOR NEGOTIATION IN APPLICANTS COUNTRYGENTLEMEN:WE HEREBY OPEN OUR IRREVOCABLE LETTER OF CREDIT IN YOUR FAVOR WHICH IS AVAILABLE BY YOUR DRAFTSAT SIGHT FOR FULL INVOICE VALUE ON US ACCOMPANIED BY THE FOLLOWING DOCUMENTS:+ SIGNED COMMERCIAL INVOICE AND 3 COPIES+ PACKING LIS
4、T AND 3 COPIES, SHOWING THE INDIVIDUAL WEIGHT AND MEASUREMENT OF EACH ITEM.+ ORIGINAL CERTIFICATE OF ORIGIN AND 3 COPIES ISSUED BY THE CHAMBER OF COMMERCE.+ FULL SET CLEAN ON BOARD OCEAN BILLS OF LADIG SHOWING FREIGHT PREPAID CONSIGNED TO RODER OF THEROYAL BANK OF CANADA INDICATING THE ACTUAL DATE O
5、F THE GOODS ON BOARD AND NOTIFY THE APPLICANT WITH FULL ADDRESS AND PHONE NO. 77009910+ INSURANCE POLICY OR CERTIFICATE FOR 130 PERCENT OF INVOICE VALUE COVERING: INSTITUTE CARGO CLAUSES (A) AS PER I.C.C. DATED 1/1/1982.+ BENEFICIARYS CERTIFICATE CERTIFYING THAT EACH COPY OF SHIPPING DOCUMENTS HAS B
6、EEN FAXED TO THEAPPLICANT WITHEIN 48 HOURS AFTER SHIPMENT.COVERING SHIPMENT ;4ITEMS TEMS OF CHINESE CERAMIC DINNERWARE INCLUDING: HX1115 544SETS, HA2012 800SETS, HX4405 443SETS AND HX4510 245SETSDETAILS IN ACCORDANCE WITH SALES CONFIRMATION SHHX98027 DATED APR.3,1998.FOB/ CFR/ XCIF/ FAS TORONTO CANA
7、DASHIPMENT FROMSHANGHAITOVANCOUVERLATESTAPRIL 30, 1998PARTIAL SHIPMENTSPROHIBITEDTRANSSHIPMENTPROHIBITEDDRAFTS TO BE PRESENTED FOR NEGOTIATION WITHIN 15 DAYS AFTER SHIPMETN, BUT WITHIN THE V ALIDITY OF CREDIT.ALL DOCUMENTS TO BE FORWARDEDIN ONE COVER, BY AIRMAIL, UNLESS OTHERWISE STATEDUNDER SPECIAL
8、 INSTRUCTIONS.SPECIAL INSTRUCTIONS: ALL BANKING CHARGES OUTSIDE CANADA ARE FOR ACCOUNT OF BENEFICIARY+ ALL GOODS MUST BE SHIPPED IN ONE 20 CY TO CY CONTAI NER AND B/L SHOWING THE SAME+ THE VALUE OF FREIGHT PREP AID HAS TO BE SHOWN ON BILLS OF LADIG+ DOCUMENTS WHICH FAIL TO COMPLY WITH THE TERMS AND
9、CONDITIONS IN THE LETTER OF CREDIT SUBJECT TOA SPECIAL DISCREPANCYHANDLING FEE OF USD35.00 TO BE DEDUCTED FROM ANY PROCEEDS.DRAFT MUST BE MARKED AS BEING DRAWN UNDER THIS CREDIT AND BEAR ITS NUMBER; THE AMOUNTS ARE TO BE ENDORSED ON THE REVERSE HEREOF BY NEG. BANK. WE HEREBY AGREE WITH THE DRAWERS,
10、ENDORSERS AND BONA FIDE HOLDER THAT ALL DRAFTS DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS CREDIT SHALL BE DULY HONORED UPON PRESENTATION.THIS CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS(1993 REVISION) BY THE INTERNATIONAL CHAMBER OF COMMERCE PRBLICATION NO. 500.GA/ZG JONEYOURS VERY TRULYJOANNE SUSANAUTHORIZED SIGNATUREAUTHORIZED SIGNATURE
