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根据下列合同条款及审核要求审核英国伦敦米兰银行来证

SALES CONTRACT

Contract No.: 055756

Date: 21st. July 2005

Seller: Shanghai Cereals and Oil Imp. & Exp. Corporation 上海粮油进出口公司

Buyer: ABC Company Limited 36-36 Kannon Street London U.K.

Commodities and Specification: Chinese White Rice Long-shaped

Broken Grains (Max): 5%

Admixture (Max): 0.25%

Moisture (Max): 15%

Quantity: 30 000 metric tons with 10% more or less at the seller’s option

Packing: Packed in gunny bags of 50kg each

Unit Price: USD400 per M/T FOB stowed（包括理舱费在内的装运港船上交货）Shanghai gross for net

Amount: USD12 000 000 (SAY TWELVE MILLION ONLY)

Shipment: during Oct. / Nov. 2005 from Shanghai to London with partial shipment and transshipment is allowed

Insurance: To be covered by the buyer

Payment: By Irrevocable L/C payable at sight for negotiation in China within 15 days after the shipment

Midland Bank Ltd., London

Aug. 18th, 2005

Advising Bank: Applicant: ABC Company Ltd.

Bank of China Shanghai Branch

Beneficiary: Amount: Not exceeding USD12 000 000

Shanghai cereals and oil

Imp. & Exp. Corp.

Shanghai China

Dear Sirs,

At the request of ABC Co. Ltd., London, we hereby issue in your favour this revocable documentary credit No. 219307 which is available by negotiation of your draft at 30 days after

sight for full invoice value drawn on us bearing the clause: “Drawn under documentary credit No. 219307 of Midland Bank Ltd.,” accompanied by the following documents:

1. Signed commercial invoice in 3 copies.

2. Full set of 2/3 clean on board bills of lading made out to order and bank endorsed marked “Freight Prepaid” and notify applicant.

3. Certificate of origin issued by AQSIQ.

4. Insurance policy for full invoice value plus 10% covering all risks and war risks as per ICC dated Jan. 1st, 1981.

5. Inspection certificate issued by applicant.

6. Beneficiary’s certificate fax to applican t within 24 hours after shipment stating contract number, credit number, vessel name and shipping date.

Covering 30 000 metric tons Chinese White Rice Long-shaped

Broken Grains: 5%

Admixture: 0.25%

Moisture: 15%

At USD400.00 per M/T FOB Shanghai, packed in plastic bags.

Shipment from Chinese port to London during Oct. / Nov. 2005

Transshipment is prohibited, partial shipment prohibited.

This credit is valid for negotiation before Dec. 15th, 2005 in London.

Special Conditions: Documents must be presented for negotiation within 5 days after the date of issuance of the bills of lading, but in any event within this credit validity.

We hereby undertake to honour all drafts drawn in accordance with the terms of this credit. The advising bank is kindly requested to notify the beneficiary without adding their confirmation for Midland Bank Ltd., London.

It is subject to the Uniform Customs and Practice for Documentary Credit (1993 Revision), International Chamber of Commerce Publication NO. 500.

SIGNATURES