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ABC Bank
Irrevocable Documentary Credit No.2234 dated June 25, 2002
Advising Bank: Bank of China, Beijing
Applicant: China National Machinery Imp./ Exp. Corp
Beneficiary: Smith & Co.①
Amount: French Francs 900,000.00(Say French Francs Nine Hundred Thousand Only) ②
Expiry Date: Sept. 15, 2002 for negotiation in China
We hereby issue in your favor this documentary credit which is available
by presentation of your draft drawn at 30 days after sight on us bearing
the clause: Drawn under documentary credit No.2234 of ABC Bank
accompanied by the following documents: ③
(1) Signed Commercial Invoice in triplicate, indicating S/C No.B1125 dated 15 June, 2002.
(2) Full set of clean on board Bills of Lading issued to order and blank endorsed showing “Freight Paid” covering:
15 Tunnel Drillers, Model TB201, at 60 000 French Francs each CFR European Main Ports.
(3) One original Insurance Policy/Certificate covering All Risks and War Risk for 110% of invoice value. ④
Shipment is to be effected during August 2002 from China Port to European Main Ports.
Partial shipments prohibited. Transshipment allowed. ⑤
We hereby engage with drawers and/or bona fide holders that drafts drawn and negotiated in conformity with the terms of this credit will be duly honored on presentation and that drafts accepted within the terms of this credit will be duly honored at maturity.
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