根据合同内容审核信用证

根据下述合同内容审核信用证，并指出不符之处

Exercise 1

Sales Contract

The Seller: SHANGHAI SHENG DA CO., LTD.

UNIT C 5/F JINGMAO TOWER

No. SD080215 SHANGHAI, CHINA

The Buyer: ALFAGA ENTERPRISE

Date: Feb. 15, 2008 28, IMAMGONJ

DHAKA,BANGLADESH Signed at: Shanghai, China

The undersigned Seller and buyer have agreed to close the following transactions according to the terms and conditions stipulated below:

Price Terms Commodity &

Specification

Quantity Unit Price Amount STEEL TAPE RULES

JH-392W 3M x 16MM

JH-380W 3M x 16MM 2000 DOZ PAIR 500 DOZ PAIR CFR Chittagong USD3.60/DOZ PAIR USD4.20/DOZ PAIR USD7200.00USD2100.00USD9300.00Total amount: U.S. DOLLARS NINE THOUSAND THREE HUNDRED ONLY

Packing: In Cartons

Shipping Mark: A.E.

CHITTAGONG

Time of Shipment: During May, 2008

Loading Port and Destination: From Shanghai to Chittagong

Partial Shipments and Transshipment: Allowed

Insurance: To be effected by the buyer

Terms of Payment: The Buyer shall open through a bank acceptable to the Seller an irrevocable Sight Letter of Credit to reach the Sellers 30 days before the month of shipment. Valid for negotiation in China until the 15th day after the month of shipment.

The Seller The Buyer

SHANGHAI SHENG DA CO., LTD. ALFAGA ENTERPRISE 信用证

SEQUENCE OF TOTAL

27: 1/1FORM OF DOC. CREDIT

40A: IRREVOCABLE DOC. CREDIT NUMBER

20: 06660801DATE OF ISSUE:

31C: FEBRUARY 24, 2008APPLICABLE RULES

40E: UCP LATEST VERTION DATE AND PLACE OF EXP.

31D: MAY 23, 2008 IN BANGLADESH APPLICANT:

50: ALFAGA ENTERPRISE

26, IMAMGONJ, DHAKA, BANGLADESH ISSUING BANK

52A: AB BANK LIMITED

IMAMGANJ, DHAKA-1211, BANGLADESH BENEFICIARY

59: SHANGHAI DA SENG CO., LTD.

UNIT C 5/F JINGMAO TOWER SHANGHAI, CHINA

AMOUNT 32B: CURRENCY HKD AMOUNT 9800.00

AVAILABLE WITH/BY 41D: ANY BANK IN CHINA BY NEGOTIATION DRAFTS AT 42C: DRAFTS AT 60 DAYS SIGHT

DRAWEE 42D: AB BANK LIMITED, IMAMGANJ BRANCH PARTIAL SHIPMENTS 43P: NOT ALLOWED

TRANSSHIPMENT 43T: NOT ALLOWE

LOADING/DISPATCHING/TAKING 44A: ANY CHINESE PORTS

IN CHARGE AT/FROM

TRANSPORTATION TO… 44B: CHITTAGANG SEA PORT, BANGLADESH LATEST DATE OF SHIPMENT 44C: MAY 2, 2008

DESCRIP OF GOODS 45A: TAPE RULES

(1) 2000 DOZ PAIR MODEL: JH-395W

SIZE:3M x 16MM @ HKD3.60 PER DOZEN

CIF CHITTAGONG

(2) 500 DOZ PAIR MODEL: JH-386W

SIZE: 3M x 16MM @ HKD4.20 PER DOZEN

CIF CHITTAGONG

PACKING: EXPORT STANDARD SEAWORTHY

PACKING

DOCUMENTS REQUIRED 46A: + SIGNED COMMERCIAL INVOICE IN TRIPLICATE

+ SIGNED PACKING LIST IN TRIPLICATE

+ G.S.P. CERTIFICATE OF ORIGIN FORM A

+ BENEFICIARY’S CERTIFICATE STATING THAT

ONE SET OF ORIGINAL SHIPPING DOCUMENTS

INCLUDING ORIGINAL “FORM A” HAS BEEN

SENT DIRECTLY TO THE APPLICANT AFTER

THE SHIPMENT

+ INSURANCE POLICY OR CERTIFICATE

ENDORSED IN BLANK FOR 100 PCT OF CIF

VALUE, COVERING W.P.A. AND WAR RISKS

+ 3/3 PLUS ONE COPY OF CLEAN “ON BOARD”

OCEAN BILLS OF LADING MADE OUT TO

ORDER AND BLANK ENDORSED MARKED

“FREIGHT COLLECT” AND NOTIFY APPLICANT ADDITIONAL CONDITION 47A: + ALL DRAFTS DRAWN HEREUNDER MUST BE

MARKED “DRAWN UNDER AB BANK LIMITED,

IMAMGANJ BRANCH CREDIT NO. 06660801

DATED FEBRUARY 24, 2008”

+ T/T REIMBURSEMENT IS NOT ACCEPTABLE DETAILS OF CHARGES 71B: ALL BANKING CHARGES OUTSIDE BANGLADESH

ARE FOR BENEFICIARY’S ACCOUNT PRESENTATION PERIOD 48: DOCUMENTS MUST BE PRESENTED WITHIN 15

DAYS AFTER THE DATE OF ISSUANCE OF THE

SHIPPING DOCUMENTS BUT WITHIN THE

VALIDITY OF THE CREDIT

CONFIRMATION 49: WITHOUT