E. C. D. Bank Ltc.

　　Date: October 11, 2002

　　Irrevocable Documentary Credit No. 5676

　　To: Beijing Machinery Imp. / Exp. corp.

　　Gentlemen:

　　We hereby authorize you to draw on E. C. D. Bank for account of ABC Company to the extent of Can $ 2,750.00 (Say Canadian Dollars Two thousand And Seventy-five Only) ① available by draft at sight accompanied by the following documents:

　　(1) Signed Commercial Invoice in duplicate.

　　(2) Full set of clean on board ocean bills of lading made out to order and blank endorsed showing “freight paid” covering: five knitting machines at Can$ 550.00 per set CIFC 3% Montreal. ②

　　(3) One original insurance Policy/Certificate Covering All Risks and War Risk for 130% of the invoice value. ③

　　Shipments from China Port to Montreal by direct steamer. ④

　　Shipments is to be effected not later than December 31, 2002.

　　This credit is valid at your end until January 15, 2002. ⑤

　　合同主要条款：

　　卖方：北京机械进出口公司

　　买方：ABC公司

　　商品名称：针织机

　　数量：5台

　　单价：CIF蒙特利尔每台550加元含2%佣金

　　总值：2750加元

　　装运期：2002年12月由中国港口运往蒙特利尔，允许转船

　　保险：由卖方按发票金额110%投保一切险和战争险

　　支付：不可撤销即期信用证支付，议付有效期为最后装运期后15天在中国到期

　　答案：

　　Dear Sirs,

　　Thank you for your L/C No. 5676. After checking the L/C, we have found quite a few discrepancies, and would therefore request you to make the following amendments:

　　(1) The amount in words should read “Say Canadian Dollars Two thousand Seven Hundred And Fifty Only”.

　　(2) The commission should be 2%, not 3%.

　　(3) “130% of invoice value” should read “110% of invoice value”.

　　(4) Delete “by direct steamer” and put in “allowing transshipment”.

　　(5) The Credit is valid until “January 15, 2003” instead of “January 15, 2002”.

　　As the date of shipment is drawing near, please send us the L/C amendments as soon as possible so that we can effect shipment in time.

　　Yours truly,