27

SEQUENCE OF TOTAL

1/1

40A

FORM OF DOCUMENTARY CREDIT

IRREVOCABLE

20

DOCUMENTARY CREDIT NUMBER

000008010059

31C

DATE OF ISSUE

080915

40E

APPLICABLE RULES

UCP LATEST VERSION

31D

DATE AND PLACE OF EXPIRY

081204, SINGAPORE

51D

APPLICANT BANK – NAME/ADDRESS

FAST BANK LIMITED

DREAM LAND

50

APPLICANT

DREAM CORPORATION

71/B DREAM ROAD

DREAM LAND

59

BENEFICIARY

GOODLUCK ENGINEERING PTE LTD

TECK WAY

SINGAPORE

32B:

CURRENCY CODE AMOUNT

SGD 7,500.00

41D:

AVAILABLE WITH BY NAME AND ADDRESS

ANY BANK IN SINGAPORE

BY NEGOTIATION

42C:

DRAFTS AT

AT SIGHT

42D:

DRAWEE – NAME & ADDRESS

FAST BANK LIMITED

DREAM LAND

43P:

PARTIAL SHIPMENT

ALLOWED

43T:

TRANSHIPMENT

ALLOWED

44A:

PLACE OF TAKING IN CHARGE/DISPATCH FROM…./PLACE OF RECEIPT

44E:

PORT OF LOADING/AIRPORT OF DEPARTURE

ANY PORT OF SINGAPORE

44F:

PORT OF DISCHARGE/AIRPORT OF DESTINATION

DREAM LAND

44B:

PLACE OF FINAL DESTINATION/FOR TRANSPORTATION TO…./PLACE OF DELIVERY

44C:

LATEST DATE OF SHIPMENT

081120

45A:

DESCRIPTION OF GOODS AND/OR SERVICES

SOUND PROOF DIESEL GENERATING SET

DENYO DCA 40 SPK/SPM/SPH, 3 PH 4 WIRE

35 KVA, 200/50 HZ, QUANTITY 01 UNIT, UNIT PRICE SINGAPORE DOLLAR 7500.00 CFR DREAM LAND ALL OTHER DETAILS OF MERCHANDISE AS PER PROFORMA INVOICE NO. GDE/2008/1140 DATED JULY 27, 2008 OF BENEFICIARY.

46A:

DOCUMENTS REQUIRED

47A:

ADDITIONAL CONDITIONS

1. LC NO. 000008010059, LCAF NO. 112190, IRC NO. BA 066980, TIN NO.0501019387, VAT REGISTRATION NO.  0011307210 AND HS CODE NO. 85021100 MUST APPEAR ON INVOICES AND PACKING LIST.

2.  BENEFICIARY MUST CERTIFY ON THE INVOICES THAT THE SPECIFICATION, QUANTITY, QUALITY, PACKING, MARKING, RATES AND ALL OTHER DETAILS OF THE GOODS SHIPPED ARE STRICTLY IN ACCORDANCE WITH THE  TERMS AND CONDITIONS OF THE PROFORMA INVOICE AS STATED ABOVE.

3. BENEFICIARY MUST INTIMATE THE L/C OPENING BANK BY BRIEF  FAX (FAX NO. 000-1-612104) WITHIN 7 (SEVEN) DAYS FROM THE DATE OF SHIPMENT ADVISING THE EXPECTED DATE OF PRESENTATION OF SHIPPING DOCUMENTS TO NEGOTIATING BANK MENTIONING INVOICE VALUE. THIS WILL FORM AN INTEGRAL PART OF DOCUMENTS AND IN ABSENCE OF THIS CERTIFICATE DOCUMENTS CANNOT BE NEGOTIATED.

4.   SHORT FORMS BILLS OF LADING NOT ACCEPTABLE.

5.  BENEFICIARY MUST CERTIFY ON INVOICE THAT THEY HAVE NO LOCAL AGENT IN DREAM LAND AND QUOTED PRICE IS EXCLUSIVE OF ANY COMMISSION PAYABLE TO ANY CONCERN IN DREAM LAND

6. INSURANCE COVERED BY OPENER’S. ALL SHIPMENT UNDER THIS CREDIT MUST BE ADVISED WITHIN 3 DAYS OF  SHIPMENT DIRECTLY TO GENERAL INSURANCE CO. LTD, DREAM ROAD BRANCH, DREAM LAND AND TO US REFERRING COVER NOTE NO. GIC/DL/MC- 358/09/2008 DATED  - 15-09-2008 GIVING FULL DETAILS

OF SHIPMENT.

7.  ADDRESS, PHONE NO., FAX NO. OF SHIPPING AGENTS IN BANGLADESH MUST BE MENTIONED IN BILL OF LADING.

8.  PACKING: SEAWORTHY EXPORT STANDARD

9. IN CASE OF DISCREPANT DOCUMENT DISCREPANCY FEE OF USD 50.00 AND RELATED CABLE COST WILL BE DEDUCTED FROM THE BILL AMOUNT AT THE TIME OF PAYMENT.

71B:

CHARGES

ALL CHARGES OUTSIDE DREAM LAND INCLUDING REIMBURSEMENT CHARGES ARE ON BENEFICIARY’S ACCOUNT.

48:

PERIOD OF PRESENTATION

15 DAYS FROM THE DATE OF SHIPMENT BUT NOT LATER THAN THE EXPIRY DATE

49:

CONFIRMATION INSTRUCTIONS

WITHOUT

53A:

REIMBURSING BANK – BIC

78:

INSTRUCT TO PAY/ACCEPT/NEGOT BANK

1. AMOUNT OF  DRAFT NEGOTIATED SHOULD BE ENDORSEDON THE REVERSE SIDE OF THE CREDIT.

2. THE PAYMENT WILL BE MADE IN EQUIVALENT US DOLLARS AT THE CONVERSION RATE PREVAILING AT OUR COUNTER ON THE DATE OF HONOR.

57A:

ADVISE THROUGH BANK:

72:

SENDER TO RECEIVER INFORMATION

THIS CREDIT IS SUBJECT TO ICC PUBLICATION UCPDC 600