MT 700 ISSUE OF A DOCUMENTARY CREDIT PAGE 00001

SEQUENCE OF TOTAL *27 : 1/1

FORM OF DOC. CREDIT *40 A : IRREVOCABLE

DOC. CREDIT NUMBER *20 : 40-0058-666987

DATE OF ISSUE 3lC : 101025

APPLICABLE RULES *40 E : UCP LATEST VERSION

/

EXPIRY *31 D : DATE 101120 PLACE CHINA

APPLICANT *50 : RAFKA & CO.,LTD.

3W.47TH ST.,STE.1102,NEW YORK,NY 10036

NEW YORK U.S.A.

BENEFICIARY *59 : SHANGHAI QUNXING CO., LTD.

SHANGHAI CHINA

AMOUNT *32 B : CURRENCY USD AMOUNT 30,237.00

POS./NEG. TOL.(%) 39 A : 10/10

AVAILABLE WITH/BY *41 D : ANY BANK

BY NEGOTIATION

DRAFTS AT… 42 C : BENEFICIARY’S DRAFT(S)

AT SIGHT

FOR FULL INVOICE COST

DRAWEE 42 A : CITIUS33

CITIBANK N.A. NEW YORK

PARTIAL SHIPMENTS 43 P : ALLOWED

TRANSHIPMENT 43 T : ALLOWED

PORT OF LOADING 44 E : SHANGHAI PORT

PORT OF DISCHARGE 44 F : NEW YORK PORT

LATEST DATE OF SHIP. 44 C : 101104

DESCRIPT. OF GOODS 45 A :

KNIT WEAR

393B71039(AR_C5628) 2600 PCS

393B71040(AR_C5629) 1000 PCS

393B71041(AR_C5630) 3500 PCS

393B71042(AR_C5631) 3500 PCS

CFR NEW YORK PORT

DOCUMENTS REQUIRED 46 A :

+SIGNED COMMERCIAL INVOICE IN 3 COPIES

+FULL SET LESS ONE ORIGINAL OF CLEAN ON BOARD MARINE BILLS

OF LADING MADE OUT TO THE ORDER OF SHIPPER AND BLANK ENDORSED,

MARKED ‘FREIGHT PREPAID', NOTIFY APPLICANT

+ONE ORIGINAL B/L SHOULD BE SENT TO L/C APPLICANT BY DHL

WITHIN 2 DAYS AFTER SHIPMENT AND BENEFICIARY’S CERTIFICATE

TO THIS EFFECT IS REQUIRED.

+PACKING LIST IN 3 COPIES

ADDITIONAL COND. 47 A :

1) THIRD PARTY’S AND FACTORY’S NEEDLE INSPECTION CERTIFICATE

SHOULD BE FAXED WITH SHIPPING DOCUMENTS

DETAILS OF CHARGES 71 B : ALL BANKING CHARGES OUTSIDE U.S.A.

ARE FOR BENEFICIARY'S ACCOUNT.

PRESENTATION PERIOD 48 : DOCUMENTS MUST BE PRESENTED WITHIN

15 DAYS AFTER THE DATE OF SHIPMENT

BUT WITHIN THE VALIDITY OF THIS CREDIT.

CONFIRMATION *49 : WITHOUT