27 /Sequence of Total：40A/+ Form of Documentary Credit：IRREVOCABLE TRANSFERABLE20 /+ Documentary Credit Number：SEB/3027531C/+ Date of Issue：08030840E/Applicable Rules：UCP LATEST VERSION31D/+ Date and Place of Expiry：083260 HONG KONG50 /+ Applicant：CHINA NATIONAL AERO-TECHNOLOGY INT'L SUPPLY CORP.6TH FLOOR, CATIC PLAZA , NO.18 BEICHEN DONG ROAD, CHAOYANGDIST. BEIJING CHINA59 /+ BeneficiaryTHE GLEASON WORKSADD: 1000 UNIVERSITY AVE, ROCHESTER，NY USA 14692TEL: 585 473 8070 FAX: 585-461 434832B/+ Currency Code, AmountUSD435870,41D/+ Available With ... By ...ANY BANKBY NEGOTIATION42C/+ Draft at ...SEE 46A42A/+ DraweeMSBCCNBJ00143P/+ Partial ShipmentsNOT ALLOWED43T/+ TransshipmentNOT ALLOWED44E/Port of loadingYOKOHAMA SEAPORT JAPAN44F/Port of dischargeSHANGHAI SEAPORT,CHINA44C/+ Latest Date of Shipment08083145A/Description of Goods and/or ServicesCOMMODITY: ONE SET OF CNC FACE MILLING CUTTER SHARPENINGMODEL:NCG-205TOTAL AMOUNT: USD484300.00 INCLUDING PACKING CHARGESPRICE TERM: FOB YOKOHAMA SEAPORTPACKING:TO BE PACKED IN STRONG WOODEN/CARTON BOXES SUITABLE FOR LONG DISTANCE OCEAN TRANSPORTATION,WELL PROTECTED AGAINST DAMPNESS MOISTURE,SHOCK,RUST AND ROUGH HANDLING46A/Documents RequiredPART A: 80PCT OF CONTRACT VALUE SHOULD BE PAID AGAINST SIGHT DRAFTS AND FOLLOWING DOCUMENTS:+MANUALLY SIGNED COMMERCIAL INVOICE IN 3 ORIGINALS AND 2COPIES INDICATING THIS L/C NO. AND CONTRACT NO.2007DMAB/HH069US (PHOTO COPY AND CARBON COPY NOT ACCEPTABLE AS ORIGINAL)+FULL SET (INCLUDED 3 ORIGINALS AND 2 NON-NEGOTIABLE COPIES) OFCLEAN ON BOARD 'FREIGHT TO COLLECT'OCEAN BILLS OF LADING MADE OUT TO ORDER AND BLANK ENDORSED,NOTIFYING APPLICANT.+WEIGHT MEMO/PACKING LIST IN 2 ORIGINALS AND 3 COPIES ISSUEDBY BENEFICIARY INDICATING QUANTITY/GROSS AND NET WEIGHTS OF EACH PACKAGE AND PACKING CONDITIONS AS CALLED FOR BY THE L/C+CERTIFICATE OF QUALITY IN 2 ORIGINALS AND 3 COPIES ISSUED BYMANUFACTURER(SAIKUNI MANUFACTURING CO.,LTD/JAPAN).+BENEFICIARY'S CERTIFIED COPY OF FAX/TELEX DISPATCHED TO THEAPPLICANT WITHIN 24 HOURS AFTER SHIPMENT ADVISING NAME OFVESSEL,NO.,DATE,QUANTITY,WEIGHT AND VALUE OF SHIPMENT.+ONE ORIGINAL AND ONE COPY OF PRE-ACCEPTANCE CERTIFICATECOUNTER-SIGNED BY THE REPRESENTATIVES FROM BENEFICIARY ANDEND-USER IN BENEFICIARY'S SITE.+PROFORMA INVOICES FOR 100PCT OF THE TOTAL AMOUNT IN 5 COPIESINDICATING CONTRACT NO.+ONE ORIGINAL AND ONE COPY OF WRITTEN STATEMENT ISSUED BY THEBENEFICIARY PROVING THAT HEAT TREATMENT OR OTHER EFFECTIVEMEASURES IN COMPLIANCE WITH THE INTERNATIONAL MEASURE OFPHYTOSANITARY STANDARD NO.15(ISPM 15)AND APPROVED BY CHINESE COMPETENT AUTHORITY HAVE BEEN CARRIED OUT ON THE WOODEN PACKING MATERIALS OR ONE ORIGINAL OF WRITTEN STATEMENT ISSUED BY THE BENEFICIARY PROVING THAT NON-WOODEN MATERIALS WERE USED.+A PHOTOGRAPH OF THE PACKING PROVING THAT ALL THE WOOD PACKINGARE MARKED IN COMPLIANCE WITH THE ISPM15..PART B: 10PCT OF CONTRACT VALUE SHOULD BE PAID AGAINST SIGHTDRAFTS AND THE FOLLOWING DOCUMENTS:+MANUALLY SIGNED COMMERCIAL INVOICE IN 3 ORIGINALS AND 2 COPIESINDICATING THIS L/C NO. AND CONTRACT NO.+FINAL ACCEPTANCE CERTIFICATE COUNTER-SIGNED BY THEREPRESENTATIVES FROM BENEFICIARY AND ENDUSER(ZHONGNANTRANSMISSION MACHINERY FACTORY)ON THE ENDUSER'S SITE IN 1ORIGINAL AND 1 COPY.+ONE ORIGINAL AND ONE COPY OF IRREVOCABLE LETTER OF GUARANTEEISSUED BY THE BENEFICIARY'S BANK,IN FAVOR OF APPLICANT COVERING 5PCT OF TOTAL CONTRACT AMOUNT,VALID 12 MONTHS FROM DATE OFFINAL ACCEPTANCE CERTIFICATE.(DETAILS AS APPENDIX IN FIELD 47A)47A/Additional Conditions+DOCUMENTS OF PART A MUST BE PRESENTED WITHIN 14 DAYS AFTER THEDATE OF ISSUANCE OF THE TRANSPORT DOCUMENTS BUT WITHIN THE VALIDITY OF THIS CREDIT,AND DOCUMENTS OF PART B MUST BEPRESENTED WITHIN THE EXPIRY DATE OF THIS L/C.+ADDITIONAL COPY EACH OF A/M DOCUMENT BE PRESENTED FOR BANKFILE,FAILING WHICH,USD50 WILL BE DEDUCTED FROM THE PROCEEDS.+THE GUARANTEE'S FORM IS AS FOLLOWS:'SPECIMEN OF 5PCT IRREVOCABLE LETTER OF GUARANTEE FORPERFORMANCE SECURITYDATE:.CHINA NATIONAL AERO-TECHNOLOGYINTERNATIONAL SUPPLY CORPORATION6/F, CATIC PLAZANO.18, BEICHEN EAST ST.,CHAOYANG DISTRICT, BEIJING(100101)P.R.CHINA.WITH REFERENCE TO CONTRACT NO.2007DMAB/HH069US (HEREINAFTER REFERRED AS THE CONTRACT) DATED , AMOUNTING TOUSD484,300.00 (USD FOUR HUNDRED EIGHTY-FOUR THOUSAND THREE HUNDRED ONLY) AND SIGNED BETWEEN YOUR COMPANY (HEREINAFTER REFERRED AS THE BUYER) AND THE GLEASON WORKS (HEREINAFTERREFERRED AS THE SELLER) FOR THE PURCHASING OF CNC FACE MILLING CUTTER SHARPENING, WE, (BANK NAME), HAVING OURREGISTERED OFFICE AT (ADDRESS), AT THE REQUEST OFTHE SELLER, HEREBY ISSUE OUR IRREVOCABLE LETTER OF GUARANTEE NO. IN YOUR FAVOR TO THE EXTENT OF USD24215.00, COVERING5PCT (FIVE PERCENT) OF THE TOTAL CONTRACT PRICE AND UNDERTAKEWITH YOU AS FOLLOWS:.IN CASE IN YOUR OPINION THE SELLER FAILS TO PERFORM HISOBLIGATIONS DURING THE WARRANTY PERIOD, AS STIPULATED IN THE CONTRACT, DUE TO THE SELLER'S FAULTS, WE SHALL REFUND, WITHIN FIVE(5) WORKING DAYS UPON RECEIPT OF YOUR FIRST WRITTEN NOTICE,TO YOU UNCONDITIONALLY 5PCT OF THE TOTAL CONTRACT PRICE D24215.00(SAY USD TWENTY-FOUR THOUSAND TWO HUNDRED FIFTEEN ONLY)..THIS L/G SHALL BECOME EFFECTIVE ON THE DATE WHEN THE FINAL10PCT PAYMENT AS STIPULATED IN THE CONTRACT IS RECEIVED BY THESELLER AND SHALL REMAIN VALID UNTIL THE 365TH DAY AFTER THEDATE OF FINAL ACCEPTANCE CERTIFICATE.71B/Charges+A DISCREPANT DOCS FEE USD100WILL BE DEDUCTED FROM DRAWING IFDOCS ARE PRESENTED WITH DISCS.+ALL BANKING CHARGES OUTSIDEOPENING BANK ARE FOR ACCOUNT OFBENEFICIARY.48 /+ Period for PresentationSEE 47A49 /+ Confirmation InstructionsWITHOUT78 /Instructions to the Paying/Accepting/Negotiating Bank+UPON RECEIPT OF THE DOCUMENTS AND THE DRAFTS IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS CREDIT,THE REIMBURSEMENT WILL BE EFFECTED AS PER THE NEGOTIATING BANK'S INSTRUCTION.+ALL DOCUMENTS MUST BE SENT TO ISSUING BANK (ADD:516 ROOM, NO.2 FUXINGMENNEI ST, XICHENG DISTRICT, BEIJING 100031 CHINA) INONE LOT BY COURIER SERVICE.+THE AMOUNT OF EACH DRAFT MUST BE ENDORSED ON THE REVERSE OFTHIS CREDIT.72 /Sender to Receiver Information/REC/THIS CREDIT IS SUBJECT TOU.C.P. 600(2007).。