Read the following passage and fill in the blanks with its contents.As per the terms and c
Read the following passage and fill in the blanks with its contents.
As per the terms and conditions of the Contract No. 123, the payment is to be made by a documentary credit. Now, at the request of the importer, Mr. Houston & His Son, COTOBAML M. A. Hereby issues a documentary credit No. 56789 in favor of China National Chemicals Imp. ＆ Exp. Corp, 56 Dongnanmen street, Beijing, to the extent of USD 56,700.00 on May 23, 2008.
On June 1,2008 the exporter shipped the relative goods and drew a draft on the issuing bank, asking him to pay the credit amount at 60 days after sight of the draft, the draft was authorized to be signed by the corporate staff, Grace Peter.
Bill of Exchange
NO. 123 Dated (1) .
Exchange for (2) .
At (3) days after sight of this FIRST of Exchange (Second of exchange being unpaid)
Pay to the order of (4) .
The sum of (5) .
Drawn under L/C No. (6) . dated (7) .
Issued by (8) .
Value received and charged the same amount to
TO (9) .