Issue of a Documentary Credit
BKCHCNBJA08E SESSION: 000 ISN: 000000
     BANK OF CHINA
     LIAONING
     NO. 5 ZHONGSHAN SQUARE
     ZHONGSHAN DISTRICT
     DALIAN
     CHINA
Destination Bank: KOEXKRSEXXX MESSAGE TYPE: 700
     KOREA EXCHANGE BANK
     SEOUL
     178.2 KA, ULCHI RO, CHUNG-KO
 
Type of Documentary Credit40A IRREVOCABLE
Letter of Credit Number20 LC84E0081/99
Date of Issue31G 990916
Date and Place of Expiry31D 991015 KOREA
Applicant Bank51D BANK OF CHINA LIAONING BRANCH
Applicant50 DALIAN WEIDA TRADING CO., LTD.
Beneficiary59 SANGYONG CORPORATION

     CPO BOX 110

     SEOUL

     KOREA
Currency Code, Amount32B USD 1,146,725.04
Available with...by...41D ANY BANK BY NEGOTIATION
Drafts at42C 45 DAYS AFTER SIGHT
Drawee42D BANK OF CHINA LIAONING BRANCH
Partial Shipments43P NOT ALLOWED
Transhipment43T NOT ALLOWED
Shipping on Board/Dispatch/Packing in Charge at/ from
44A RUSSIAN SEA
Transportation to44B DALIAN PORT, P.R.CHINA
Latest Date of Shipment44C 990913
Description of Goods or Services: 45A

     FROZEN YELLOWFIN SOLE WHOLE ROUND (WITH WHITE BELLY) USD770/MT CFR DALIAN QUANTITY: 200MT

     ALASKA PLAICE (WITH YELLOW BELLY) USD600/MT CFR DALIAN QUANTITY: 300MT
Documents Required: 46A
1. SIGNED COMMERCIAL INVOICE IN 5 COPIES.

     2. FULL SET OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO ORDER AND BLANK ENDORSED, MARKED "FREIGHT PREPAID" NOTIFYING LIAONING OCEAN FISHING CO., LTD. TEL:(86)411-3680288

     3. PACKING LIST/WEIGHT MEMO IN 4 COPIES INDICATING QUANTITY/GROSS AND NET WEIGHTS OF EACH PACKAGE AND PACKING CONDITIONSAS CALLED FOR BY THE L/C.

     4. CERTIFICATE OF QUALITY IN 3 COPIES ISSUED BY PUBLIC RECOGNIZED SURVEYOR.

     5. BENEFICIARY’S CERTIFIED COPY OF FAX DISPATCHED TO THE ACCOUNTEE WITH 3 DAYS AFTER SHIPMENT ADVISING NAME OF VESSEL, DATE, QUANTITY, WEIGHT, VALUE OF SHIPMENT, L/C NUMBER AND CONTRACT NUMBER.

     6. CERTIFICATE OF ORIGIN IN 3 COPIES ISSUED BY AUTHORIZED INSTITUTION.

     7. CERTIFICATE OF HEALTH IN 3 COPIES ISSUED BY AUTHORIZED INSTITUTION.
ADDITIONAL INSTRUCTIONS: 47A
1. CHARTER PARTY B/L AND THIRD PARTY DOCUMENTS ARE ACCEPTABLE.

     2. SHIPMENT PRIOR TO L/C ISSUING DATE IS ACCEPTABLE.

     3. BOTH QUANTITY AND AMOUNT 10 PERCENT MORE OR LESS ARE ALLOWED.
Charges71B ALL BANKING CHARGES OUTSIDE THE OPENNING BANK ARE FOR BENEFICIARY’S ACCOUNT.
Period for Presentation48 DOCUMENTSMUST BE PRESENTED WITHIN 15 DAYS AFTER THE DATE OF ISSUANCE OF THE TRANSPORT DOCUMENTS BUT WITHIN THE VALIDITY OF THE CREDIT.
Confimation Instructions49 WITHOUT
Instructions to the Paying/Accepting/Negotiating Bank: 78

     1. ALL DOCUMENTS TO BE FORWARDED IN ONE COVER, UNLESS OTHERWISE STATED ABOVE.

     2. DISCREPANT DOCUMENT FEE OF USD 50.00 OR EQUAL CURRENCY WILL BE DEDUCTED FROM DRAWING IF DOCUMENTS WITH DISCREPANCIES ARE ACCEPTED.
"Advising Through" Bank57A KOEXKRSEXXX MESSAGE TYPE: 700

     KOREA EXCHANGE BANK

     SEOUL

     178.2 KA, ULCHI RO, CHUNG-KO

********other wordings between banks are omitted********