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THIS DOCUMENTARY CREDIT IS AVAILABLE FOR ACCEPTANCE AGAINST PRESENTATION OF THE FOLLOWING DOCUMENTS AT LEAST IN DUPLICATE UNLESS OTHERWISE SPECIFIED:

1. DRAFT AT 30 DAYS FROM B/L DATE IN DUPLICATE DRAWN ON CREDIT AGRICOLE INDOSUEZSANA'A Y.R.BEARING THE CLAUSE: DRAWN UNDER OUR L/C NO. HSN-JYLC05.

2. SIGNED COMMERCIAL INVOICE IN 5 COPIES ORIGINAL OF WHICH MUST BE CERTIFIED BY THE CCPIT.

3. CERTIFICATE OF ORGIN (ORIGINAL OF WHICH MUST BE CERTIFIED BY THE CCPIT) STATING THE NAME OF THE MANUFACTURERS/PRODUCERS AND SHIPPER CONFIMING THAT THE GOODS RELEVANT TO THIS LC ARE SOLELY OF CHINESE ORIGIN.

4. FULL SET OF "CLEAN" SHIPPED ON BOARD MARINE BILL OF LADING STAMPED "LINER TERMS" ISSUED TO THE ORDER AND ENDORSED IN FAVOUR OF CREDIT AGRICOLE INDOSUEZ SANAA MARKED "FREIGHT PREPAID" AND NOTIFY OPENERS EVIDENCING SHIPMENT FROM ANY CHINESE PORT TO HODEIDAH PORT.

5. SHIPPING COMPANYSCERTIFICATE IN TRIPLICATE ISSUED BY THE SHIPPING CO. OR THEIR AGENTS CERTIFYING THAT THE VESSEL IS A FULLY CLASSIFIED REGULAR LINER VESSEL UNDER 15 OPERATING YEARS OF AGE AND IS NOT OWNED BY ANY ISRAELI NATIONAL OR RESIDENT AND WILL NOT CALL AT OR PASS THROUGH ANY ISREALI PORT IN ROUTE TO YEMEN REPUBLIC.

6. PACKING LIST IN 3 COPIES .

7. INSURANCE POLICY/CERTIFICATE MADE OUT FOR INVOICE VALUE PLUS 110% VALUE AND COVERING ALL RISKS AND WAR RISK AS PER I.C.C. DATED 1/1/1980.

8. INSPECTION IS TO BE EFFECTED BEFORE SHIPMENT AND RELEVANT CERTIFICATES ARE REQUIRED FROM THE INSPECTING AGENCY OR INSPECTOR DESIGNATED BY THE OPENER.

SPECIAL CONDITIONS

1. ALL BANK CHARGES OUTSIDE YEMEN REPUBLIC ARE FOR THE ACCT OF BENEFICIARY INCLUDING REIMBURSING BANKS COMMISSION USD 40.00.

2. NEGOTIATION UNDER THIS LC IS RESTRICTED TO: YOURSELVES

3. DISCOUNT/INTEREST IF ANY PRIOR TO REIMBURSEMENT BY US FOR A/C OF BENEFICIARIES.

4. ALL DOCUMENTS MUST BE MADE OUT IN ENGLISH LANGUAGE AND MUST INDICATE OUR L/C NO HSN-JYLC0

5.

5. BILL OF LADING MUST INDICATE NAME AND ADDRESS OF THE CARRYING VESSEL'S AGENT AT THE PORT OF HODEIDAH.

6. GOODS TO BE PACKED 20 PCS IN CARTON AND ONE PC IN PLASTIC COLORED BAG INVOICE TO SO EVIDENCE.

7. SHIPPING MARKS: H.S. AL KAMAR/ SANA'A / TEL 245757/C/NO 1-UP

GENERAL INSTRUCTIONS

- THE NEGOTIATING BANK MUST FORWARD THE DOCUMENTS TO US IN TWO SETS (ORIGINAL BY DHL COURIER SERVICE AND DUPLICATE BY REGISTERED AIRMAIL) CHARGES OF WHICH ARE FOR ACCT OF BENEFICIARY.

- IN RESPECT OF ANY NEGOTIATION. THE NEGOTIATING BANK MUST CONFIRM BY TLX THAT THE DOCUMENTS COMPLY WITH THE LC TERMS AND CONDITIONS AND INDICATING VALUE AND DATE DOCUMENTS DISPATCHED.

- IN CASE OF ANY DISCREPANCY THE NEGOTIATING BANK MUST INFORM US BY A TESTED TELEX AND FORWARD THE DOCUMENTS TO US ONLY ON COLLECTION BASIS.

- IN REIMBURSEMENT PROVIDED DOCUMENTS PRESENTED FULLY COMPLY WITH L/C TERMS YOU MAY CLAIM FROM B.T.C. NEW YORK AT MATURITY.

- WE HEREBY ENGAGE WITH DRAWERS AND/OR THE BONAFIDE HOLDERS THAT DRAFT(S) DRAWN AND NEGOTIATIED IN CONFORMITY WITH THE TERMS OF THIS CREDIT WILL BE DULY HONOURED ON MATURITY.

- THIS TELEX IS THE OPERATIVE CREDIT INSTRUMENT AND NO MAIL CONFIRMATION WILL FOLLOW.

REGARDS This Cable/telex copy, authenticated BANQUE INDOSUEZ SANAA by us is recorded under our reference AKS No. 2891622

NNN for BANQUE INDOSUEZ Shanghai branch P.R.C.

33130 INSU CN

2413 INDOBK YE

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