COMMERCIAL BANK OF TORONTO
Date: Sept.5, 1998
To: BEIJING IMP.EXP CORP.
Beijing, China
Advised through Bank of China, Beijing
No, BOC 98/09/05
DOCUMENTARY LETTER OF CREDIT
IRREVOCABLE
Dear Sirs,
You are authorized to draw on VANCOUVER TRADING CO. LTD., Vancouver for a sum not exceeding CAN $ 24,000(SAY CANADIAN DOLLARS TWENTY THOUSAND ONLY) available by draft drawn on them at 60 day’s sight accompanied by the following documents:
-- Full set of Clean on Board Bills of Lading made out to order and blank endorsed, marked "freight prepaid" dated not later than October 31,1998 and notify accountee.
-- Signed Commercial Invoice in quintuplicate.
-- Canadian Customs Invoice in quintuplicate.
-- Insurance Policies (or Certificates) in duplicate covering Marine and War Risks.
Evidencing shipment from China port to Toronto, Canada of the following goods:
1,000 dozen of Art. No. G3030 COTTON BATH TOWELS at CAN $ 24 per dozen CFRC2 Vancouver, details as per your S/C No.98 - 110.
Partial shipments are allowed.
Transhipment is prohibited.
This credit expires on November 15, 1998 for negotiation in China.