IRREVOCABLE DOCUMENTARY CREDIT APPLICATION TO: BANK OF COMMUNICA TIONS, BEIJING BRANCHApplicant & Address Contract No. : CN0104 Irrevocable Documentary CreditExpected Issuing Date: Jan.30,2001(by Bank)L/C No. : Issuing date:China ABC Trade Corp.No.10 Fuchengmen Ave., Beijing 100037, China Tel: 86 10 686832Fax: 86 10 686833Date and Place of Expiry: May15,2001in USA Beneficiary & AddressJohn Williams Agricultural Machinery Co., ltdNo.75 Coastal Road, New York, NY 10000, USATel/Fax: 1-221-4881300Issued by express mailIssued by express mail with brief advice by teletransmission ⌧Issued by teletransmission (the operative instrument) Amount in figures and words USD100,500.-Say US Dollar one hundred thousand five hundred only.Advising Bank ABN BANK, New York (ABNNNNNNNNN) Second Advising BankNegotiation restricted to ⌧Advising Bank other bank Transferable with Advising Bank other bank Confirmation not requested requestedauthorized if requested by Benef. Credit Available withby payment ⌧by negotiation by acceptance by deferred payment at __against the documents detailed herein⌧and Benef.’s draft(s) for 100 % of the invoice valueat sightdrawn on opening bankPartial shipments allowed ⌧not allowed Transhipment allowed ⌧not allowedLoading on board from New York Seaport, USA Not later than April 30, 2001For transportation to: Xingang, China T erms:FAS FOB CFR ⌧CIF Other termsDocuments required : (marked with X)1.(X)Signed Commercial Invoice in3 originals and 3copies indicating L/C No. and Contract No. (photo copy and carbon copy not acceptable as original)2.(X)Full set (including 3 originals and 3 non-negotiable copies) of Clean On Board Ocean Bills of Lading made out to order and blank endorsed, marked “Freight( ) T o Collect / ( X) Prepaid” ( ) showing freight amount and not ifying applicant3.( ) Air Waybills showing “Freight ( ) T o Collect / ( ) Prepaid” ( ) indicating freight amount and consigned to4.( ) Rail Waybills showing “Freight ( ) T o Collect / ( ) Prepaid” ( ) indicating freight amount and consign ed to5.( ) Memorandum issued by6.(X) Full set (including 1 originals and 2 copies) of Insurance Policy / Certificate for 110 % of the invoice value showing claims payable in China in currency of thedraft, blank endorsed, covering [(X )Ocean Marine Transportation / ( )Air Transportation / ( )Over Land Transportation] All Risks and War Risks.7.( X) Packing List / Weight Memo in 3 originals and 3 copies issued by manufacturer indicating weight, invoice No. and date8.(X) Certificate of Quantity / Weight in 3 originals and 3 copies issued by manufacturer9.(X) Certificate of Quality in 3 originals and 3 copies issued by manufacturer10.(X ) Certificate of Origin in 1 originals and 2 copies issued by International Chamber of Commerce in USA.11.(X) Beneficiary’s certified copy of fax dispatched to Applicant within 48hours after shipment advising (X )name of vessel / ( )flight No. / ( )wagonNo., date , quantity, weight and value of shipment.12.(X) Beneficiary’s Certificate certifying that one set of copy of the above documents has been sent to applicant by express mail within 15 days after shipment.13.( ) Beneficiary’s Certificate certifying that 1/3 set of original B/L and each copy of shipping documents listed above have been dispatched to Applicant by courierservice within days after shipment, the relevant post receipt required for negotiation.14.( ) Other documents, if any:Description of goods and / or services30 sets of John Williams Model-390 MowerPacking: in Container(s)Additional Instructions: (marked with X)1.(X) All banking charges outside the issuing bank are for the Beneficiary’s account.2.(X) Documents must be presented within 15days after the date of shipment but within the validity of this credit.3.( ) Third party as shipper is not acceptable. Short Form/Blank Back B/L is not acceptable.4.( ) Third party documents are acceptable.5.( )Both quantity and amount % more or less are allowed.6.( ) Documents issued earlier than this L/C issuing date are not acceptable.7.( ) Multimodal Transport Documents are acceptable.8.(X) All documents to be forwarded in one cover.9.( ) Other terms, if any:We request you to issue on our behalf and for our account your Irrevocable credit in accordance with the above instructions [marked (X) where appropriate]. This Credit will be subject to the Uniform Customs and Practice for Documentary Credits (1993 Revision No.500 of the international Chamber of Commerce, Paris , France), insofar as they are applicable.Account No.: 38764 with Bank of Communications Beijing Branch (name of bank) Transacted by: (Applicant’s name, signature of authorized person)T el.No.(with seal)。