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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
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