IRREVOCABLE DOCUMENTARY CREDIT APPLICATION

Applicant

ZHEJIANG ALISON IMP. & EXP. CO., LTD.

C-719,WORLD TRADE CENTRE OFFICE BUILDING

122 SHUGUANG ROAD, HANGZHOU,310007 CHINA

Tel: 0086-571-87631686         Fax: 0086-571-87950611

Beneficiary(full neame, address and tel etc.)

SAMSUNG CORPORATION

SAMSUNG-PLAZA BUILDING 263, SEOHYEON-DONG,

BUNDANG-GU, SEONGNAM, GYEONGGI-DO, KOREA 463-721

TEL: 82-2-2145-2500           FAX: 82-2-2145-2596

Partial shipments

( X ) allowed (  )not allowed

Transhipment

( X )allowed (  ) not allowed

issued by  (X ) teletransmission

(  )express delivery

Loading on board/dispatch/ taking in charge at/from

ANY TAIWAN PORT

Not later than AUG.10., 2004

For transportation to SHANGHAI, CHINA

Contract  No.: SMST/24116

Credit Amount (both in figures and words): USD374,694.00

US DOLLARS THREE HUNDRED SEVENTY FOUR THOUSAND SIX HUNDRED AND NINTY FOUR ONLY.

Trade Term: (  )FOB ( X ) CFR (  ) CIF (  ) 0thers:

Description of goods:

SEE ATTACHMENT

Date and place of expiry: Aug.30., 2004  CHINA

Credit available with

(  ) by sight payment (X ) by acceptance (  ) by negotiation

(  )  by deferred payment at

against the documents detailed herein   

(X ) and beneficiary’s draft for 100 %  of invoice value

at 90 DAYS AFTER B/L DATE

On issuing bank

Documents reauired: (marked with X)

1. (X ) Signed commercial invoice in 3  copies indicating L/ C No. and Contract No. SMST/24116

2. (X) Full set of clean on board Bills of Lading made out [X ] to order/ [  ] to the order of              and blank endorsed,

marked “ freight [ X ] prepaid/ [  ] to collect showing freight amount” notifying [  ]the applicant/ [  ]

3. (  ) Air Waybills showing “freight [  ]prepaid/ [  ] to collect indicating freight amount” and consigned to

4. (  )Insurance Policy/Certificate in 3 copies for 110 % of the invoice value showing claims payable in China in currency of the draft,blank endorsed, covering ( [  ] Ocean Marine Transportation / [  ] Air Transportation / [  ] Over Land Transportaion) All Risks, War Risks. / [  ]

5. (X ) Packing list / Weight Memo in 3 copies indicating

6. (X ) Certificate of Quantity/ Weight in 3 copies issued by     [X ] manufacturer / [  ] Seller / [  ] independent surveyor at the loading port, indicationg the actual surveryed quantity / weight of shipped goods as well as the packing condition.

7. (X ) Certificate of Quality in 3 copies issued by  [ X ] manufacturer / [  ] public recognized surveyor / [  ]

8. (X ) Beneficiary’s Certified copy of fax dispatched to the applicant within 2 days after shipment advising the contract number, name of commodity, quantity, invoice value, bill of loading, bill of loading date, the ETA date and shipping Co.

9. (  ) Beneficiary’s Certificate certifying that extra copies of the documents have been dispatched to the [  ] applican/ [  ]

10. (  ) Certificate of Origin in   copies certifying.

11. (  )Other documents, if any:

Additiona instruction: (marked with X)

1. ( X )All banking charges outside the opening bank are for beneficiary’s account.

2. ( X )Documents must be presented within 21 days after the date of issuance of the transport documents but within the validity of this credit.

3. (  ) Third party as shipper is not acceptable, Short Form / Blank B/l is not acceptable.

4. (  ) Both quantity and amount   % more or less are allowed.

5. (X ) All documents to be forwarded in one lot by express unless otherwise stated above.

6. (  ) Other terms, if any:

For banks use only

我公司承担本申请书背面所列责任及承诺，并保证按照办理。

（申请人名称及印鉴章）

RMB A/C No.

USD or (   )  A/C No.

联系人:                电话:

Seal and / or Signature          checked by  (           )

L/C Margin       %          checked by  (           )

Credit Facility                 checked by  (           )  

Ent (        )  Ver (        )  App   (           )

                                 Date:

:

40A

20

31G

31D

51D

50

59

32B

41D

42C

42D

43P

43T

44A SHANGHAI

44B

44C

1. SIGNED COMMERCIAL INVOICE IN 5 COPIES.
2. FULL SET OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO ORDER AND BLANK ENDORSED, MARKED "FREIGHT PREPAID" NOTIFYING ACCOUNT.
3. PACKING LIST/WEIGHT MEMO IN 4 COPIES INDICATING QUANTITY/GROSS AND NET WEIGHTS OF EACH PACKAGE AND PACKING CONDITIONSAS CALLED FOR BY THE L/C.
4. CERTIFICATE OF QUALITY IN 3 COPIES ISSUED BY PUBLIC RECOGNIZED SURVEYOR.
5. BENEFICIARY'S CERTIFIED COPY OF FAX DISPATCHED TO THE ACCOUNTEE WITH 3 DAYS AFTER SHIPMENT ADVISING NAME OF VESSEL, DATE, QUANTITY, WEIGHT, VALUE OF SHIPMENT, L/C NUMBER AND CONTRACT NUMBER.
6. CERTIFICATE OF ORIGIN IN 3 COPIES ISSUED BY AUTHORIZED INSTITUTION.
7. CERTIFICATE OF HEALTH IN 3 COPIES ISSUED BY AUTHORIZED INSTITUTION.

1. CHARTER PARTY B/L AND THIRD PARTY DOCUMENTS ARE ACCEPTABLE.
2. SHIPMENT PRIOR TO L/C ISSUING DATE IS ACCEPTABLE.
3. BOTH QUANTITY AND AMOUNT 10 PERCENT MORE OR LESS ARE ALLOWED.

71B

48

49

57A

********other wordings between banks are omitted********