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NATIONAL PARIS BANK

24 MARSHALL AVE DONCASTER MONTREAL, CANADA

WE ISSUE OUR IRREVOCABLE DOCUMENT ARY CREDIT NUMBER:TH2003

IN FAVOUR OF: SUZHOU KNITWEAR AND MANUFACTURED GOODS INPORT AND EXPORT TRADE CORPORATION

321, ZHOUGSHAN ROAD SUZHOU, CHINA

BY ORDER OF: YI YANG TRADING CORPORATION 88 MARSHALL AVE DONCASTER VIC 3108 CANADA

FOR AN AMOUNT OF USD 89 705.50 DATE OF EXPIRY: 15NOV03

PALCE: IN BENEFICIARY’S COUNRTY AVAILABLE WITH ANY BANK

BY NEGOTIATION OF BENEFICIARY’S DRAFT DRAWN ON US AT SIGHT IN MONTREAL

THIS CREDIT IS TRANSFERABLE

AGAINST DELIVERY OF THE FOLLOWING DOCUMENTS +COMMERCIAL INVOICES IN 5 COPIES

+CANADA CUSTOMS INVOICES IN 6 COPIES

+FULL SET OF NEGOTIABLE INSURANCE POLICY OR CERTIFICATE BLANK ENDORSED FOR 110 PERCENT OF INVOICE VALUE COVERING ALL RESKS

+FULL SET OF ORIGINAL MARINE BILLS OF LADING CLEAN ON BOARD PLUS 2 NON-NEGOTIABLE COPIES MADE OUR OR ENDORSED TO ORDER OF NATIONAL PARIS BANK 24 MARSHALL VEDONCASTER MONTREAL,CANADA.

+SPECIFICATION LIST OF WEIGHTS AND MEASURESIN 4 COPIES COVERING SHIPMENT OF COTTON TEATOWELS AS PER S/C ST303.

FOR 1-300 SIZE 10 INCHES * 10 INCHES 16000 DOZ. AT USD 1.31/DOZ. 301-600 SIZE 20 INCHES 6000 DOZ. AT USD 2.51/DOZ. AND 601-900 SIZE 30 INCHES * 30 INCHES 11350 DOZ. AT USD 4.73/DOZ. CIF MONTREAL

FROM CHINESE PORT TO MONTREAL PORT NOT LETER THAN 31,OCT.03

PARTIAL SHIPMENTS: ALLOWED TRANSHIPMENT:ALLOWED

SPECIAL INSTRUCTIONS

+ALL CHARGES IF ANY RELATED TO SETTLEMENTS ARE FOR ACCOUNT OF BENEFICIARY

+IN CASE OF PRESENTATION OF DOCUMENTS WITH DISCREPANCY (IES) A CHARGE OF USD 55.00 THIS CREDIT IS SUBJECT TO UCP FOR DOCUMENTARY CREDITS 1993 RECISION ICC PUBLICATION 500 AND IS THE OPERATIVE INSTRUMENT

BILL OF EXCHANGE

NO. FOR At

T03617 USD 89705.50 ******

Sight of THIS SECOND BILL of EXCHANGE BANK OF CHINA

or order the sum of

Date:

OCT.24，2004

（First of the tenor and date being unpaid）Pay to

SAY USD DOLLARS EIGHTY NINE THOUSAND SEVEN HUNDRED AND FIE POINT FIVE Drawn under L/C NO. TO.

NATIONAL PARIS BANK

24 MARSHALL VEDONCASTER MONTREAL CANADA

SUZHOU KNITWEAR AND MANUFACTURED GOOD

S

IMPORT & EXPORT TRADE CORPORATION

NATIONAL PARIS BANK （CANADA）MONTREAL TH2003

Dated

OCT.06，2004

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