THE MOON BANK
INTERNATIONAL OPERATIONS
5 MOONLIGHT BLVD.,
EXPORT-CITY AND POSTAL CODE
EXPORT-COUNTRY

OUR ADVICE NO.
      MB-5432

ISSUING BANK REF. NO. & DATE
SBRE-777     January 26, 2001   

TO

UVW Exports
88 Prosperity Street East, Suite 707
Export-City and Postal Code

Dear Sirs:

We have been requested by     The Sun Bank, Sunlight City, Import-Country

to advise that they have opened with us their     irrevocable           documentary credit number     SB-87654

for account of     DEF Imports, 7 Sunshine Street, Sunlight City, Import-Country

in your favor for the amount of     not exceeding Twenty Five Thousand U.S. Dollars (US$25,000.00)

available by your draft(s) drawn on     us

                                                      at     sight                                           for     full             invoice value

accompanied by the following documents:

1.  

Signed commercial invoice in five (5) copies indicating the buyer's
Purchase Order No. DEF-101 dated January 10, 2001.

2.  

Packing list in five (5) copies.

3.  

Full set 3/3 clean on board ocean bill of lading, plus two (2) non-negotiable copies, issued to order of The Sun Bank, Sunlight City, Import-Country, notify the above accountee, marked "freight Prepaid", dated latest March 19, 2001, and showing documentary credit number.

4.  

Insurance policy in duplicate for 110% CIF value covering Institute Cargo Clauses (A), Institute War and Strike Clauses, evidencing that claims are payable in Import-Country.

Covering:     100 Sets 'ABC' Brand Pneumatic Tools, 1/2" drive,
                complete with hose and quick couplings, CIF Sunny Port

Shipment from

Moonbeam Port, Export-Country       to     Sunny Port, Import-Country

Partial shipment

prohibited

Transhipment

permitted

Special conditions:

1.  

All documents indicating the Import License No. IP/123456 dated January 18, 2001.

2.  

All charges outside the Import-Country are on beneficiary's account.

Documents must be presented for payment within     15               days after the date of shipment.

Draft(s) drawn under this credit must be marked
      Drawn under documentary credit No. SB-87654 of The Sun Bank,
      Sunlight City, Import-Country, dated January 26, 2001

We confirm this credit and hereby undertake that all drafts drawn under and in conformity with the
terms of this credit will be duly honored upon delivery of documents as specified, if presented at
this office on or before     March 26, 2001

Very truly yours,

Authorized Signature

Unless otherwise expressly stated, this Credit is subject to the Uniform Customs and Practice for Documentary Credits, 1993 Revision, International Chamber of Commerce Publication No. 500.