C. Check the L/C and make amendments in
English according to the clauses set forth in the following
Seller: China National Textiles Imp.
& Exp. Corp., Guangzhou Branch
Buyer: Endo Trading Co. Ltd, Oaska
This contract is made by and between the Buyers and
the Sellers, whereby the buyers agree to buy and the Sellers
agree to sell the under-mentioned commodity according
to the terms and conditions stipulated below:
Commodity: Men’s Cotton Y/D Long Sleeve
Shirts Garments Washed
Specifications: Colors: Beige, Black,
Navy Blue, light Blue and Red equally assorted
Size: S/4, L/4 per dozen
Quantity: 5,000 dozen
Unit Price: US$ 3.50 per pc CIFC3%
Total Value: US$ 220,500 (Say US Dollars
Two Hundred and Twenty Thousand Five Hundred Only)
Packing: In cartons of 50 dozen each
Shipping Marks: At seller’s option
Insurance: To be effected by the Sellers
for 110% of the invoice value against All Risks, S.R.C.C.
and War Risk as per the China Insurance Clauses of January
Time of shipment: Not later than 25th
April, 2002, with transhipment and partial shipments allowed.
Port of shipment: China Port
Port of Destination: Kobe/Osaka, Japan
Terms of payment: By irrevocable documentary
sight L/C to be opened in favor of the Sellers 30 days
ahead of the time of shipment.
Done and signed in Guangzhou on this 3rd of March 2002.
Endo Trading Co., Ltd. China National Textiles
Osaka Branch Imp. & Exp. Corp.
(The Buyers) (The Sellers)
Date: 20th February, 2002
To: Bank of China, Shanghai
We hereby open our Irrevocable Documentary L/C No. A50-6781-338
in favor of China National Textiles Imp. & Exp. Corp,
Guangzhou Branch, for account of Endo Trading Co., Ltd.
Osaka Branch up to an aggregate amount of US$ 220,5000
(Say Canadian dollars two hundred and twenty thousand
five hundred only), Kobe/Asaka for 100% of the full invoice
value covering the shipment of 500 dozen of Men’s Cotton
Y/A Short Sleeve Shirts, Fabric Washed, as per Sales Contract
No. 90Ja1002 dated March 3, 2002, from China
Port: to Kobe/Tokyo
Drafts to be drawn at 45 days after on ourselves accompanied
by the following documents marked “X” below:
(X) Signed Commercial Invoice in triplicate
(X)Full set of Clean On Board Bills of Lading made to
order, blank endorsed, marked “Freight Prepaid” and notify
(X) One Original Marine Insurance Policy of Certificate
for 10% of the invoice value covering
All Risks, War Risk and TPND with claims, if any, payable
in Japan in the current of drafts
5% more or less in quantity and invoice value are allowed.
Partial shipments are permitted.
Transhipment is prohibited.
Shipment must be made not later than 30 April, 2002.
Drafts drawn under this credit must be presented for
negotiation in China on or before 16 May, 2002.