FROM:     XYZ BANK LTD ANYTOWN ANYWHERE

TO:    ADVISINC BANK SOMETOWN SOMEWHERE

DATE    30 MARCH

OUR DOCUMENTARY CREDIT REFERENCE NO 1234

TEST NO 4321      FOR USD 2,050,000.00 DATED 30 MARCH

WITH OUR HEAD OFFICE

WE OPEN OUR DIVISIBLE, FRACTIONABLE DOCUMENTARY CREDIT NO. 1234

ORDER ACCOUNT OF:    UVW COMPANY ANYTOWN ANYWHERE.

FAVOUR: RST COMPANY SOMETOWN SOMEWHERE

FOR THE AMOUNT OF USD 2,050.000.00 (TWO MILLION AND FIFTY THOUSAND

AND 00/100 UNITED STATES DOLLARS)

COVERING SHIPMENT OF

1200 MT. MILK POWDER CFR ANYWHERE

SHIPMENT FROM ANY PORT SOMEWHERE TO ANY PORT ANYWHERE

TRANSHIPMENT ALLOWED  PART SHIPMENTS ALLOWED

VALID FOR NEGOTIATION AT THE COUNTERS OF THE CONFIRMING BANK UNTIL 21

JULY

SHIPMENT TO BE EFFECTED AS FOLLOWS:

1ST SHIPMENT FOR 600 MT. ON OR ABOUT 27 APRIL.

2ND SHIPMENT FOR 600 MT. TO BE EFFECTED BETWEEN 01 AND 31 MAY BOTH

END DATES TO BE INCLUSIVE.

AVAILABLE FOR NEGOTIATION OF DRAFTS AT 60 DAYS SICHT DRAWN ON UVW

COMPANY ANYTOWN ANYWHERE ACCOMPANIED BY THE FOLLOWING DOCU-

MENTS:

1. SIGNED COMMERCIAL INVOICE IN TRIPLICATE.

2. FULL SET CLEAN SHIPPED ON BOARD BILLS OF LADING CONSIGNED TO ORDER

OF XYZ BANK LTD MARKED FREIGHT PAID AND NOTIFY THE ACCOUNTEE.

3. QUALITY CERTIFICATE ISSUED BY A COMPETENT AUTHORITY.

4. COPY OF FAX SENT TO ACCOUNTEE ADVISING SHIPMENT DETAILS, SHIPMENT

DATE. INVOICE VALUE AND DOCUMENTARY CREDIT NUMBER WITHIN FIVE

DAYS OF SHIPMENT.

5. PACKINC LIST.

SPECIAL INSTRUCTIONS

1. ALL BANK CHARCES OUTSIDE ANYWHERE INCLUDINC REIMBURSEMENT

CHARCES ARE FOR ACCOUNT OF UVW COMPANY.

2. PLEASE ADVISE THE BENEFICIARY ADDING YOUR CONFIRMATION.

3. CLAIM REIMBURSEMENT FROM OUR ACCOUNT WITH OUR NEW YORK OFFICE

AT MATURITY FOR DOCUMENTS PRESENTED IN STRICT COMPLIANCE WITH THE

TERMS AND CONDITIONS OF THIS DOCUMENTARY CREDIT.

4. THIS DOCUMENTARY CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND

PRACTICE FOR DOCUMENTARY CREDITS (1993 REVISION)   INTERNATION-

AL CHAMBER OF COMMERCE (PUBLICATION NO 500).

Please examine the above L/C and answer the following questions:

1)The documentary credit should be advised as:

(1)() Revocable

(2)() Irrevocable

(3)() Revocable Transferable

(4)() Irrevocable Transferable

2)All of the following documentary credit terms and conditions under UCP may be disregarded except:

(1)() divisible

(2)() fractionable

(3)() adding your confirmation

(4)() issued by a competent authority

3)Which of the following Bill of Lading "shipped on board" dates would be acceptable for the first shipment？

A. 17 April.

B. 20 April.

C. 25 April.

D. 02 May.

(1)() C only.

(2)() C and D only.

(3)() B, C and D only.

(4)() A, B, C and D.

4)Under the terms of the documentary credit, your bank may accept Quality Certificate issued by:

A. Applicant.

B. Beneficiary.

C. third party manufacturer.

D. third party inspection company.

(1)() A and B only.

(2)() B and C only.

(3)() A, B and D only.

(4)() A, C and D only.

5)Before confirming the documentary credit, your bank should obtain an amendment to the following terms and conditions？

(1)() drawee party

(2)() shipment period

(3)() presentation period

(4)() form of documentary credit