Irrevocable Documentary Credit

A.The buyer cannot default, L/C and the contract are independent of each other, and the trade under L/C is the document trade

B.The seller cannot default, the trade under L/C is the document trade, and L/C and the contract are independent of each other

C.The buyer and seller are not allowed to meet, the seller cannot default, and the L/C cannot be changed

D.The L/C is irrevocable, and it is independent of the contract, and the trade under the L/C is a document trade

1.Please fill the following particulars in a credit form to issue a Freely Negotiable Credit.

Issuing Bank: (1) Tokai Bank

Place and date of issue: (2) Tokyo, 4 March, 200×

Beneficiary: (3) EXP Co., Tianjin

Advising Bank: (4) ADV Bank, Tianjin

Applicant: (5) IMP Co., Tokyo

Credit No. (6) 13579

Amount: (7) USD36,500.00

Valid date: (8) 27 June, 200×

Valid place: (9) China

Payment method: (10) negotiation

Negotiating Bank: (11) any bank in China

Shipment date: (12) 12 June, 200×

Undertaking clause

(13)We hereby engage with drawers and/or bona fide holders that draft (s) drawn and negotiated in conformity with the terms and conditions of the credit will he duly honoured on presentation.

Bank-to-Bank instructions:

(14)The negotiating bank is authorised to claim reimbursement on the Tokai Bank, New York by telex. All draft (s) and documents must be sent to us by airmail.

2.Credit form

Freely Negotiable Credit

Name of Issuing Bank Place and date of issue

①②To: ③Advised through④

Dear Sirs,

At the request and on the instructions of⑤we hereby issue an Irrevocable Documentary Credit No.⑥for⑦(say⑦) to expire on or before⑧in⑨available by⑩withagainst

(×) Beneficiary's draft (s) atsight drawn on us and

(×) the documents detailed herein marked with "×".

(×) Commercial invoice in triplicate.

(×) Full set 2/2 original clean on board marine bills of lading made out to order and blank endorsed marked freight prepaid notifying applicant.

(×) Packing list in triplicate.

(×) Insurance policy or certificate covering all risks and war risks for 110% of the invoice value.

Evidencing shipment of(description of goods)

from Chinese port to Nagoya not later than

Partial shipments allowed.

Transhipment not allowed.

Documents to be presented within 15 days after the date of the transport document (s) but within the validity of the credit.

_________________________________________

_________________________________________________________________________________

Instructions to the advising bank:

Please advise the credit to the beneficiary without adding your confirmation.

Bank-to-Bank instructions:

_________________________________________

_________________________________________________________________________________

Reimbursements under this credit are subject to URR 725.

This Credit is subject to UCP 600.

Yours faithfully

①signature

The payment is made by an irrevocable()letter of credit in our favor.

A、 light

B、 bright

C、 sight

A pre-advice credit is an irrevocable undertaking.

(1)( ) To be irrevocable, operative credit must be issued.

(2)( ) True.

(3)( ) False.

(4)( ) Pre-advice is not acceptable in UCP.