APPLICATION FOR IRREVOCABLE LETTER OF CREDIT

Issuing Bank:
Date of Application : ............/............/ .......... Expiry Date and Plac e for presentation of Documents : +Expiry Date : ........./........./........... +Place of Presentation : ................................................ ....

Military Commercial Joint Stock Bank - MCSB
28A Dien Bien Phu Str, Ba dinh, Hanoi
Tel : 8232883, Fax: 8233335, SWIFT : MSCBVN VX

Advising /Confirming Bank : China Branch Add: NO.200 HUAI HAI RD.,SHANGHAI, CHINA Construction bank, Shanghai

Applicant

(Full Name & Address ) :

K. LONG LIMITED COMPANYÂ Add: Lot C, Tien Son Industrial Zone, Bac Ninh Province, Vietnam Beneficiary
(Full Name & Address):

(X) Issue by telex/SWIFT (see UCP 500 Article 11) ( ) Issue by (air ) mail with brief advise by telex ( ) Transferable Credit - As per UCP 500 Artic le 48 Confirma tion of the Credit: Not requested Benefic iary Partia l shipments allo wed Transshipments  Allowed Requested Authorized if Requested by

SHANGHAI ELECTRIC IMP.& EXP. CORP Add: 3 rd Floor, Yong Xing Business Building No.22, Lane 376, Yan An (W) Road, Shanghai China
Amount in figures and words (pls use ISO Cur. Codes): 12,242.50 (In words: Twelve thousand two hundred and forty two US Do llars and fifty cents

Not

Credit ava ilable with Nominated Bank


allo wed

Allowed

 Not

(x ) by payment negotiation at sight ( ) by deferred payment at : ................... days

Plea s e ref er to UC P 50 0 Tra n spo r t A r tic les f o r excep tio n s to th is co n dit io n

 Insuran ce: will be covered by us (if not CIF)

Shipment as defined in UCP 500 Article 46

Against the documents detailed herein and Beneficiar y's draft(s) drawn on

* From : Any port in China * For Transportation to: Haiphong port,Vietnam * Not later than : ......./......../........

Military Commercia l Joint Stock Bank - MC SB

Goods/Services
Article 5):

(Brief description without excessive details - See UCP 500

Trade Terms :
FAS CFR  CIF FOB

Thick/ Thin Paper UV Varishing Machine Model YT – 740 (1 set) - 100% brand new made in China - Other terms and conditions is in according to the Quotation No.: 060717 – 01 dated Jul, 17 th , 2006
-

Other terms:

-----------------------------As per INCOTERMS 1990  INCOTERMS 2000

APPLICATION FOR IRREVOCABLE LETTER OF CREDIT
List of documents to be presented:
(  ) Signed Commercial invoices in 03 originals (  ) Full set ( 2 /3) ∼ clean shipped on board∼ ocean Bills of Lading made out to order of Military Commercial Joint Stock Bank, Hanoi Head Office, marked ∼ Freight Prepaid/Collect∼ and notify the applicant. ( ) Airway bill consigned to order of Military Commercial Joint Stock Bank, Hanoi H.O, showing flight number and date, marked ∼ Freight Prepaid/Collect∼ and notify the applicant. (  ) Insurance Policy or Certificate in Negotiable form blank endorsed for 110 per cent of the CIF invoice value and covering All risks/A Clause (ICC1982) with claims payable in Hanoi, Vietnam in the currency of Invoice. (  ) Certificate of Origin issued by China Council for Promotion of International Trade in 01 original and 02 copies (  ) Detailed Packing list in 03 Originals

(  ) Certificate of quality/quantity issued by the Seller/ The Manufacturer in 03 originals (  ) Test/Inspection Certificate issued by the Testing and inspection Organization of S.R. Vietnam (VINACONTROL) (  ) A copy of beneficiary's declaration on full shipment particulars had been fax to applicant within 15 days after date of  Bill(s) of Lading Airway Bill. Fax transmission report attached for negotiation.

(  ) Beneficiary's certificate certifying that one set of non-negotiable documents mentioned above (plus 01 original) had been sent to applicant by express courier service within 07 days after date of shipment. The Courier receipt is to be attached thereto. ( ) Other documents : .....................................................................................................................

Special con ditions : 1) All charges outside Vietnam are for account of Beneficiary including confirming fee, reimbursing fee. 2) Documents to be presented within 07 days from date of shipment but within the validity of the credit. 3) Other : ............................................................................................................................................. I/We request you to issue the credit for the Applicant's Account with the above instructions and the Uniform Customs and Practic e for Documentary Credits(1993 Revision, Publication No. 500 of the International Chamber of Commerc e, Paris, France UCP 500) in so far they are applicable. In consideration of your agreeing to issue the Credit, I/We hereby agree to the Terms and UCP 500.

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khÈu trªn, 2 - Khi cã yªu cÇu cña Ng©n hµng, sÏ hoµn tr¶ cho Ng©n hµng mäi kho¶n tiÒn ph¶i tr¶ theo tÝn dông nµy cïng mäi chi phÝ, hoa hång vµ chi phÝ kh¸c liªn quan ®Õn TÝn dông nµy. Chóng t«i uû quyÒn kh«ng huû ngang cho Ng©n hµng ®îc ghi nî vµo bÊt cø (c¸c) tµi kho¶n nµo cña chóng t«i bÊt cø kho¶n tiÒn nµo mµ chóng t«i cã nghÜa vô ph¶i thanh to¸n cho Ng©n hµng theo v¨n b¶n nµy. 3 - Chóng t«i sÏ båi hoµn ®Çy ®ñ cho Ng©n hµng khái mäi tr¸ch nhiÖm vÒ bÊt cø sù thiÕu chÝnh x¸c , gi¸n ®o¹n, s¬ xuÊt, lçi hoÆc chËm trÔ nµo cã thÓ ph¸t sinh trong hoÆc tõ viÖc truyÒn ®¹t bÊt cø th«ng tin nµo hoÆc bÊt cø sù m¬ hå nµo trong nh÷ng th«ng tin nµy. 4 - Ng©n hµng ®îc quyÒn tù ®éng trÝch tµi kho¶n cña chóng t«i ®Ó ký quü b»ng nhËn hµng hoÆc ®Õn thêi h¹n thanh to¸n quy ®Þnh trong L/C phï hîp víi c¸c ®iÒu kiÖn cña L/C. víi ®iÒu kiÖn kÕt cña ngêi më L/C :

1 - Chóng t«i cam kÕt r»ng sÏ chÞu hoµn toµn tr¸ch nhiÖm vÒ giÊy phÐp XNK, h¹n ng¹ch ®èi víi mÆt hµng nhËp

100 %

trÞ gi¸ L/C, sè tiÒn cßn

l¹i chóng t«i cam kÕt nép tiÕp khi cã ®iÖn ®ßi tiÒn cña Ng©n hµng n íc ngoµi hoÆc khi nhËn ®îc bé chøng tõ ®i bé chøng tõ xuÊt tr×nh hoµn toµn

APPLICATION FOR IRREVOCABLE LETTER OF CREDIT
5 - NÕu L/C cã x¸c nhËn, víi mäi tr¸ch nhiÖm thuéc vÒ m×nh, chóng t«i ñy quyÒn cho Ng©n hµng Qu©n ®éi ® îc trÝch tµi kho¶n cña chóng t«i ®Ó chuyÓn tiÒn ký quü víi Ng©n hµng x¸c nhËn L/C. 6 - Chóng t«i ®ång ý r»ng Ng©n hµng ® îc uû quyÒn hoÆc ® îc trao quyÒn kh«ng huû ngang, trong tr êng hîp

chóng t«i kh«ng thùc hiÖn thanh to¸n, ®Ó b¸n sè hµng ghi trong c¸c chøng tõ vËn chuyÓn hoÆc bÊt cø phÇn nµo trong sè hµng ®ã th«ng qua ®Êu gi¸ c«ng khai hoÆc b¸n kh«ng th«ng qua ®Êu gi¸ sau khi ®· trõ ®i mäi chi phÝ kÓ c¶ phÝ hoa hång, liªn quan ®Õn sè hµng ®ã mµ kh«ng ph¬ng h¹i g× ®Õn c¸c quyÒn kh¸c cña Ng©n hµng mµ Ng©n hµng cã thÓ vµ còng kh«ng cÇn th«ng b¸o tr íc vÒ viÖc b¸n nµy. Chóng t«i tiÕp theo ®©y uû quyÒn kh«ng huû ngang cho Ng©n hµng ® îc dïng c¸c kho¶n tiÒn b¸n hµng ®Ó thanh to¸n bÊt cø nî nÇn vµ nghÜa vô nµo ( bÊt kÓ hiÖn nay, trong t¬ng lai hay ®ét xuÊt) cho Ng©n hµng kÓ c¶ sè l·i ®· dån tÝch trªn ®ã vµ nÕu nh kho¶n thu tõ viÖc b¸n hµng nµy ch a ®ñ cho môc ®Ých nãi trªn th× chóng t«i ®ång ý thanh to¸n cho Ng©n hµng bÊt cø kho¶n thiÕu hôt nµo ngay t¹i lÇn yªu cÇu ®Çu tiªn cña Ng©n hµng. 7 - Chóng t«i xin cam kÕt sÏ tù c©n ®èi nguån ngo¹i tÖ ®Ó thanh to¸n L/C nµy. 8 - Khi cÇn liªn hÖ : §iÖn tho¹i :

NguyÔn Ph¬ng DiÖp 098.8012381

KÝnh th, kÕ to¸n trëng Tæng gi¸m ®èc