==== , TAX: J/V PRETSENDENTBIZNESS ------------------------------- TO: EAST - WEST LUXEMBOURG FROM: BANK DATE: OCTOBER 04.10.96 TEST: DATE OF ISSUANCE: 04.10.96 WE ISSUE IRREVOCABLE CREDIT NO. SUBJECT TO UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS ( 1998 REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500 EXPIRING ON 26.12.1996 LUXEMBOURG CREDIT APPLICANT: J/V PRETSENDBIZNESS" BENEFICIARY: FIRM "JANSEN KUILENBURG B. V WESTEKADE 31,3016 CM ROTTERDAM, NETHERLAND. AMOUNT: DEM 61100 AVAILABLE WITH YOU BY PAYMENT PARTIAL SHIPMENTS NOT ALLOWED TRANSHIPMENT NOT ALLOWED DISPATCH FROM PORT SOUTH OF FRANCE DESTINATION: ROSSIA GOODS: CONTRACT WITHOUT NUMBER DD 20__CARS CIF SANKT-PETERBOURG DOCUMENTS: 1. B/L, INSURENCE POLICE, INVOISE-MANUFACTURER, SPECIFICATION, FULL SET OF CLEAN ON BOARD BILLS OF LADING, ISSUED IN THE BUYER'S NAME DATE OF FIRST SHIPMENT: FURTHER CONDITIONS: ALL BANKING AND TRANSPORT CHARGES IN THE COUNTRY-BUYER-ARE FOR THE BUYER'S ACCNT, IN THE COUNTRY-SELLER-ARE FOR THE SELLER'S ACCNT. PRESENTATION PERIOD: DOCUMENTS TO BE PRESENTED WITHIN 7 DAYS AFTER THE DATE OF ISSUANCE OF THE SHIPPING DOCUMENTS BUT WITHIN THE VALIDITY OF THE CREDIT PLEASE NOTIFY BENEFICIARY WITHOUT ADDING YOUR CONFIRMATION REIMBURSEMENT: PAYMENT SHOULD BE EFFECTED BY YOU UPON RECEIPT OF TELEGRAPHIC REMITTANCE FROM BANK AGAINST TESTED CABLE YOUR BANK CONFIRMING THAT THE DOCUMENTS PRESENTED BY BENEFICIARY IN FULL CONFORMITY WITH CREDIT CONDITIONS AND SENT TO OUR ADDRESS WITHOUT INTEREST FOR US. OUR REF: