根据下面的销售合同审核信用证。

合同条款：

卖方：中国机械进出口公司

买方：史密斯公司

商品名称：挖掘机

数量；15台

单价：CFR欧洲主要港口每台60 000.00瑞士法郎

总值：900 000.00瑞士法郎

装运期：2002年8月自中国港口至欧洲主要口岸，允许分批装运和转船

付款条件：凭不可撤销即期信用证付款

签订日期和地点：2002年6月15日于北京

合同号码：B1125

信用证内容：

Irrevocable Documentary Credit No. 2234 dated June 25, 2002

Advising Bank: Bank of China, Beijing

Applicant: China National Machinery Imp. /Exp. Corp

Beneficiary: Smith & Co.

Amount: French Francs 900, 000.00 (Say French Francs Nine Hundred Thousand Only) Expiry Date: September 15, 2002 for negotiation in China

We hereby issue in your favor this documentary credit which is available by presentation of your draft drawn at sight on us bearing the clause: Drawn under documentary credit No. 2234 of ABC Bank accompanied by the following documents:

(1) Signed Commercial Invoice in triplicate, indicating S/C No. B1125 dated 15 June, 2002.

(2) Full set of clean on board Bills of Lading issued to order and blank endorsed showing “Freight Paid” covering:

15 Tunnel Drillers, Model TB201, at 60 000 French Francs each CFR European Main Ports. (3) One original Insurance Policy/Certificate covering All Risks and War Risk for 110% of invoice value.

Shipment is to be effected during August 2002 from China Port to European Main Ports.

Partial shipments prohibited. Transshipment allowed.

We hereby engage with drawers and/or bona fide holders that drafts drawn and negotiated in conformity with the terms of this credit will be duly honored on presentation and that drafts accepted within the terms of this credit will be duly honored at maturity.