Credit available with O by sight payment O by acceptance O by negotiation O by deferred payment at against the documents detailed herein O and beneficiary’s draft for 100 % of the invoice value at 45 days after sight on BANK OF CHINA LIAONING BRANCH

　　O FOB O or other terms O CFR O CIF

　　Documents required: (marked with x)

　　(X) Signed Commercial Invoice in 5 copies indicating invoice no., contract no.

　　(X) Full set of clean on board ocean Bills of Lading made out to order and blank endorsed, marked "freight ( ) to collect / (X) prepaid ( ) showing freight amount" notifying LIAO NING OCEAN FISHING CO., LTD. TEL: (86)411-3680000

　　( ) Air Waybills showing "freight ( ) to collect / ( ) prepaid ( ) indicating freight amount" and consigned to _________.

　　( ) Memorandum issued by _________________ consigned to __________

　　(X) Insurance Policy / Certificate in 3 copies for 110 % of the invoice value showing claims payable in China in currency of the draft, bank endorsed, covering ( ) Ocean Marine Transportation / ( ) Air Transportation / ( ) Over Land Transportation) All Risks, War Risks.

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