(6)外方开来信用证

ADDRESS: 50 HUQIU ROAD.

CABLE: CHUNGKUO 中国银行

TELEX: 3062 BOCSH ECN BANK OF CHINA

信用证通知书

This L/C consists of two sheet(s), including the covering letter and attachment(s).本信用证连同面函及附件共2 纸。

34127 B BOCSH CN

6229

1705 03/25 04803089 TCH0063

0325004658

ZCZC

FROM: Commercial Bank of London

TO： BANK OF CHINA DALIAN BRANCH

50 HUQIU ROAD, DALIAN

PEOPLE'S REP. OF CHINA

PLEASE ADVICE BENEFICIARY OF THE FOLLOWING IRREVOCABLE LETTER OF CREDIT

ISSUED BY US IN THEIR FAVOR SUBJECT TO UCP 500.

DOCUMENTARY CREDIT NUMBER: DRG-LDLC01

DATE AND PLACE OF EXPIRY : May 10th 2004 , IN U.K

APPLICANT : ADAM INDUSTRY CO., LTD.

21 GUARD STREET LONDON, PA4561, UK.

BENEFICIARY: Dalian Chem Imp. & Exp. Group Co., Ltd.

Add: Chem Bldg., No.61 Renmin Road, Dalian 116001, P.R. China

AMOUNT: USD320,448.00

SAY UNITED STATES DOLLARS THREE HUNDRED TWENTY THOUSAND FOUR HUNDRED AND FORTY-EIGHT ONLY

AVALIABLE WITH : ANY BANK

BY: NEGOTIATIN OF BENEFICIARY'S DRAFT(S) AT 30 DAYS' SIGHT DRAWN ON

Commercial Bank of London ACCOMPANIED BY THE DOCUMENTS INDICATED HEREIN.

COVERING SHIPMENT OF :

COMMODITY ART.NO. QUANTITY

Muffler 2 1000 dozens

Muffler 41200 dozens

SHIPPING TERMS : CIFC3 London

SHIPPING MARK: LD-DRGSC01

ADAM INDUSTRY

LONDON

NO.1-200

DOCUMENTS REQUIRED :

- 3 COPIES OF COMMERCIAL INVOICE SHOWING VALUE IN U.S. DOLLARS

AND INDICATING L/C NO. AND CONTRACT NO.

- 2COPIES OF PACKING LIST SHOWING GROSS/NET WEIGHT AND MEASUREMENT OF EACH CARTON.

- CERTIFICATE OF ORIGIN IN TRIPLICATE ISSUED BY CHINA CHAMBER OF INTERNATIONAL COMMERCE. - 2 COPIES OF INSURANCE POLICY OR CERTIFICATE ENDORSED IN BLANK FOR THE INVOICE VALUE OF THE GOODS PLUS 110% COVERING ALL RISKS AND WAR RISK AS PER AND SUBJECT TO OCEAN MARINE CARGO CLAUSES OF THE PEOPLE'S INSURANCE COMPANY OF CHINA DATED 1/1/1981.

- 3/3 SET AND ONE COPY OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO ORDER AND BLANK ENDORSED MARKED FREIGHT PREPAID AND NOTIFY APPLICANT.

PARTIAL SHIPMENTS: PERMITTED

TRANSSHIPMENTS: PERMITTED

SHIPMENT FROM : DALIAN, CHINA TO: LONDON

NOT LATER THAN : APRIL 30, 2004

DOCUMENTS MUST BE PRESENTED WITHIN 15 DAYS AFTER SHIPMENT, BUT

WITHIN VALIDITY OF THE LETTER OF CREDIT.

INSTRUCTIONS TO THE PAYING/ACCEPTING /NEGOTIATING BANK

NEGOTIATING BANK IS TO FORWARD ALL DOCUMENTS IN ONE AIRMAIL TO CHEMICAL BANK NEW YORK, 55 PETER STREET, ROOM 1702 , LONDON, LONDON 10041 UK ATTN: LETTER OF CREDIT DEPARTMENT

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