Issue of a Documentary Credit

BKCHCNBJA08E SESSION: 000 ISN: 000000

BANK OF CHINA

LIAONING

NO. 5 ZHONGSHAN SQUARE

ZHONGSHAN DISTRICT

DALIAN

CHINA

Destination Bank: KOEXKRSEXXX MESSAGE TYPE: 700

KOREA EXCHANGE BANK

SEOUL

178.2 KA, ULCHI RO, CHUNG-KO

Type of Documentary Credit40A IRREVOCABLE

Letter of Credit Number20 LC84E0081/99

Date of Issue31G 990916

Date and Place of Expiry31D 991015 KOREA

Applicant Bank51D BANK OF CHINA LIAONING BRANCH

Applicant50 DALIAN WEIDA TRADING CO., LTD.

Beneficiary59 SANGYONG CORPORATION

CPO BOX 110

SEOUL

KOREA

Currency Code, Amount32B USD 1,146,725.04

Available with...by...41D ANY BANK BY NEGOTIATION

Drafts at42C 45 DAYS AFTER SIGHT

Drawee42D BANK OF CHINA LIAONING BRANCH

Partial Shipments43P NOT ALLOWED

Transhipment43T NOT ALLOWED

Shipping on Board/Dispatch/Packing in Charge at/ from

44A RUSSIAN SEA

Transportation to44B DALIAN PORT, P.R.CHINA

Latest Date of Shipment44C 990913

Description of Goods or Services: 45A

FROZEN YELLOWFIN SOLE WHOLE ROUND (WITH WHITE BELLY) USD770/MT CFR DALIAN QUANTITY: 200MT

ALASKA PLAICE (WITH YELLOW BELLY) USD600/MT CFR DALIAN QUANTITY: 300MT

Documents Required: 46A

1. SIGNED COMMERCIAL INVOICE IN 5 COPIES.

2. FULL SET OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO ORDER AND BLANK ENDORSED, MARKED "FREIGHT PREPAID" NOTIFYING LIAONING OCEAN FISHING CO., LTD. TEL:(86)411-3680288

3. PACKING LIST/WEIGHT MEMO IN 4 COPIES INDICATING QUANTITY/GROSS AND NET WEIGHTS OF EACH PACKAGE AND PACKING CONDITIONSAS CALLED FOR BY THE L/C.

4. CERTIFICATE OF QUALITY IN 3 COPIES ISSUED BY PUBLIC RECOGNIZED SURVEYOR.

5. BENEFICIARY'S CERTIFIED COPY OF FAX DISPATCHED TO THE ACCOUNTEE WITH 3 DAYS AFTER SHIPMENT ADVISING NAME OF VESSEL, DATE, QUANTITY, WEIGHT, VALUE OF SHIPMENT, L/C NUMBER AND CONTRACT NUMBER.

6. CERTIFICATE OF ORIGIN IN 3 COPIES ISSUED BY AUTHORIZED INSTITUTION.

7. CERTIFICATE OF HEALTH IN 3 COPIES ISSUED BY AUTHORIZED INSTITUTION.

ADDITIONAL INSTRUCTIONS: 47A

1. CHARTER PARTY B/L AND THIRD PARTY DOCUMENTS ARE ACCEPTABLE.

2. SHIPMENT PRIOR TO L/C ISSUING DATE IS ACCEPTABLE.

3. BOTH QUANTITY AND AMOUNT 10 PERCENT MORE OR LESS ARE ALLOWED.

Charges71B ALL BANKING CHARGES OUTSIDE THE OPENNING BANK ARE FOR BENEFICIARY'S ACCOUNT.

Period for Presentation48 DOCUMENTSMUST BE PRESENTED WITHIN 15 DAYS AFTER THE DATE OF ISSUANCE OF THE TRANSPORT DOCUMENTS BUT WITHIN THE VALIDITY OF THE CREDIT.

Confimation Instructions49 WITHOUT

Instructions to the Paying/Accepting/Negotiating Bank: 78

1. ALL DOCUMENTS TO BE FORWARDED IN ONE COVER, UNLESS OTHERWISE STATED ABOVE.

2. DISCREPANT DOCUMENT FEE OF USD 50.00 OR EQUAL CURRENCY WILL BE DEDUCTED FROM DRAWING IF DOCUMENTS WITH DISCREPANCIES ARE ACCEPTED.
"Advising Through" Bank57A KOEXKRSEXXX MESSAGE TYPE: 700

KOREA EXCHANGE BANK

SEOUL

178.2 KA, ULCHI RO, CHUNG-KO

********other wordings between banks are omitted********