TO：BANK OF CHINA Beneficiary (full name and address) SANGYONG CORPORATION CPO. BOX 405 SEOUL KOREA
L/C NO. Ex-Card No. Contract No. 97040 Date and place of expiry of the credit SEPT. 28, 997 KOREA Partial shipments O allowed O not allowed
Transshipment O allowed O not allowed
O Issue by airmail O With brief advice by teletransmission O Issue by express delivery O Issue by teletransmission (which shall be the operative instrument) Loading on board / dispatch / taking in charge at / from RUSSIAN SEA Not later than SEPT. 3, 999 for transportation to DALIAN PORT, CHINA
Amount (both in figures and words) USD,46,725.04(SAY U.S. DOLLARS ONE MILLION ONE HUNDRED AND FORTH SIX THOUSAND SEVEN HUNDRED AND TWENTY FIVE CENTS FOUR ONLY) Description of goods: FROZEN YELLOWFIN SOLE WHOLE ROUND (WITH WHITE BELLY) USD770/MT CFR DALIAN TOTAL QUANTITY: 500MT SPECIFICATIONS AND PACKING CONDITIONS ARE AS PER ATTACHMENT TO THIS APPLICATION
Credit available with O by sight payment O by acceptance O by negotiation O by deferred payment at against the documents detailed herein O and beneficiary s draft for 00 % of the invoice value at 45 days after sight on BANK OF CHINA LIAONING BRANCH O FOB O or other terms O CFR O CIF Documents required: (marked with x) (X) Signed Commercial Invoice in 5 copies indicating invoice no., contract no.
(X) Full set of clean on board ocean Bills of Lading made out to order and blank endorsed, marked freight ( ) to collect / (X) prepaid ( ) showing freight amount notifying LIAO NING OCEAN FISHING CO., LTD. TEL: (86)4-3680000
( ) Air Waybills showing freight ( ) to collect / ( ) prepaid ( ) indicating freight amount and consigned to _________.
( ) Memorandum issued by _________________ consigned to __________
(X) Insurance Policy / Certificate in 3 copies for 0 % of the invoice value showing claims payable in China in currency of the draft, bank endorsed, covering ( ) Ocean Marine Transportation / ( ) Air Transportation / ( ) Over Land Transportation) All Risks, War Risks.
(X) Packing List / Weight Memo in 4 copies indicating quantity / gross and net weights of each package and packing conditions as called for by the L/C.
(X) Certificate of Quantity / Weight in 2 copies issued an independent surveyor at the loading port, indicating the actual surveyed quantity / weight of shipped goods as well as the packing condition.
(X) Certificate of Quality in 3 copies issued by ( ) manufacturer / (X) public recognized surveyor / ( )
(X) Beneficiary s certified copy of FAX dispatched to the accountees with 3 days after shipment advising (X) name of vessel / (X) date, quantity, weight and value of shipment.
( ) Beneficiary s Certificate certifying that extra copies of the documents have been dispatched according to the contract terms.