1、LETTER OF CREDITISSUING BANK:27: SEQUENCE OF TOTAL1/140A:FORM OF L/C (Y/N/T)IRREVOCABLE20:DOCUMENT CREDIT NOXXXXXX31C:DATE OF ISSUEDD/MM/YYYY40E:APPLICABLE RULESUCP/URR LATEST VERSION31D:DATE AND PLACE OF EXPIRYNOTE: 3 MONTHS AFTER THE DATE OF ISSUE, CHINA.50D:APPLICANTTO BE SPECIFIED (NOTE: NAME AN

2、D ADDRESS OF EMPLOYER)59:BENEFICIARYTO BE SPECIFIED(NOTE: NAME AND ADDRESS OF CONTRACTOR)32B:CURRENCY CODE, AMOUNTNOTE: CURRENCY AND AMOUNT TO BE AGREED BY ALL PARTIES(INCLUDING THE CONTRACT PRICE: RMBXXXXXX, THE INSURANCE PREMIUM:RMBXXXXXX AND THE MANAGEMENT FEE: RMBXXXXXX)39C:ADDITIONAL AMOUNTS CO

3、VEREDTHE INTEREST AND THE COMMITMENT FEE STIPULATED AS PER THE FIELD 47A41A:AVAILABLE WITH. .BYTHE ISSUING BANKBY MIXED PAYMENT42M:MIXED PAYMENT DETAILSAS PER THE FIELD 47A43P:PARTIAL SHIPMENTPERMITTED43T:TRANSSHIPMENTPERMITTED44E:PORT OF LOADING/AIRPORT OF DEPARTUREAS PER PROFORMA INVOICE OR CONTRA

4、CT44F:PORT OF DISCHARGE/AIRPORT OF DESTINATIONAS PER PROFORMA INVOICE OR CONTRACT 44B:PLACE OF FINAL DESTINATIONAS PER PROFORMA INVOICE OR CONTRACT 44C:LATEST DATE OF SHIPMENTTO BE AGREED45A:DESCRIPTION OF GOODSAS PER PROFORMA INVOICE OR CONTRACTCONTRACT PRICE BREAKDOWN FOR PROJECT XXXXXXAS PER CONT

5、RACT NO.XXXXXX OR PROFORMA INVOICE NO.XXXXXX DATED XXXXXX.(BREAKDOWN OF THE PRICE) TOTAL PRICE (RMB)AS AN EXAMPLE:1- EQUIPMENT (CIP SITE) XXXXXX 2- INSTALLATION AND COMMISSIONING XXXXXX3- SPARE PARTS XXXXXX4- TRAINING XXXXXX5- CIVIL WORKS XXXXXXCONTRACT PRICE: RMBXXXXXX COUNTRY OF ORIGIN: P.R.CHINA

6、AND/OR 特定國家 AND/OR THIRD COUNTRIESTERM OF DELIVERY: CIP SITE IN 特定國家THE GOODS DELIVERED SHALL COMPLY WITH ONE OF THE FOLLOWING RELATED INDUSTRIAL STANDARDS:AAR ANSI CCIR CCITT CIE DIN IEEE IEC ISO NFPA UIC VDE VOV GB TB CENELEC IESNA EN115PACKING: CASE AND/OR PALLET AND/OR NUDE AND/OR CONTAINER46A:D

7、OCUMENTS REQUIREDPART IA. DOCUMENTS REQUIRED FOR ADVANCE PAYMENT:a. ADVANCE PAYMENT GUARANTEE.(NOTE: DOCUMENTS REQUIRED SHALL BE COMPLIANCE WITH THE CONTRACT)B. DOCUMENTS REQUIRED FOR 15%(NOTE: OR 100% IN CASE 85% OF THE INSURANCE PREMIUM IS NOT TO BE PAID BY DEFERRED PAYMENT) OF THE INSURANCE PREMI

8、UM:a. SIGNED COMMERCIAL INVOICE ISSUED BY THE BENEFICIARY FOR SAME AMOUNT.b. COPY OF THE DEBIT NOTE ISSUED BY SINOSURE FOR SAME AMOUNT.C. DOCUMENTS REQUIRED FOR THE MANAGEMENT FEE:a. SIGNED COMMERCIAL INVOICE ISSUED BY THE BENEFICIARY.PART II (NOTE: WHETHER 85% OF THE INSURANCE PREMIUM CAN BE PAID B

9、Y DEFERRED PAYMENT SHALL BE SUBJECT TO SINOSURES APPROVAL.)A. DOCUMENTS REQUIRED FOR 85% OF THE INSURANCE PREMIUM, I.E. RMBXXXXXX(SAY RMB XXXXXX ONLY)(NOTE: IF INSURANCE PREMIUM IS NOT BE FINANCED, ITEM A SHALL BE DELETED.): 1. SIGNED COMMERCIAL INVOICE ISSUED BY THE BENEFICIARY WITH TWO(2) COPIES O

10、F HONOURING LETTER AS PER APPENDIX I ATTACHED.2. COPY OF THE DEBIT NOTE ISSUED BY SINOSURE FOR SUCH AMOUNT.B. DOCUMENTS REQUIRED FOR 85% OF THE TOTAL AMOUNT OF EQUIPMENT AND SPARE PARTS:(NOTE: EXAMPLE ONLY, TYPE OF DOCUMENTS REQUIRED MAY DIFFER FOR DIFFERENT CASES.):1. FOR GOODS IMPORTED FROM P.R.CH

11、INA AND THIRD COUNTRIES.1.1 TRANSPORT DOCUMENTS:FOR SHIPMENT BY OCEAN, FULL SET OF CLEAN ON BOARD B/L MARKED FREIGHT PREPAID MADE OUT TO ORDER, BLANK ENDORSED, NOTIFYING APPLICANT.FOR SHIPMENT BY AIR, CLEAN AIR WAYBILL MARKED FREIGHT PREPAID, CONSIGNED TO APPLICANT, NOTIFYING APPLICANT.1.2 SIGNED CO

12、MMERCIAL INVOICE IN X COPIES WITH TWO(2) COPIES OF HONOURING LETTER AS PER APPENDIX I ATTACHED.1.3 CERTIFICATE OF ORIGIN IN X COPIES.1.4 PACKING LIST IN X COPIES.1.5 ONE ORIGINAL INSPECTION CERTIFICATE.1.6 FULL SET OF INSURANCE POLICY/CERTIFICATE IF REQUIRED.2. FOR GOODS PURCHASED IN 特定國家:2.1 SIGNED

13、 COMMERCIAL INVOICE INDICATING THE DATE OF DELIVERY WITH TWO(2) COPIES OF HONOURING LETTER AS PER APPENDIX I ATTACHED.2.2 CARGO RECEIPT SIGNED BY THE APPLICANT IF REQUIRED.C. DOCUMENTS REQUIRED FOR 85% OF THE TOTAL AMOUNT OF CIVIL WORKS, TRAINING, INSTALLATION AND COMMISSIONING:1. SIGNED COMMERCIAL

14、INVOICE ISSUED BY THE BENEFICIARY, APPROVED AND SIGNED BY THE APPLICANT WITH TWO(2) COPIES OF HONOURING LETTER AS PER APPENDIX I ATTACHED.PART IIIA. DOCUMENTS REQUIRED FOR THE COMMITMENT FEE:1. SIGNED COMMERCIAL INVOICE ISSUED BY THE BENEFICIARY. 47A:ADDITIONAL CONDITIONS+ THE EFFECTIVE DATE OF THIS

15、 LETTER OF CREDIT SHALL BE THE DATE WHEN A PERFORMANCE GUARANTEE SUBJECT TO CLAUSE XX OF PROFORMA INVOICE NO.XXXXXX IS RECEIVED BY THE L/C ISSUING BANK WHO SHALL ACKNOWLEDGE THE RECEIPT AND EFFECTIVENESS OF THE LETTER OF CREDIT.+ THE CONTRACT SHALL AUTOMATICALLY BECOME EFFECTIVE UPON RECEIPT BY THE

16、BENEFICIARY OF:1. THE ADVANCE PAYMENT; 2. FIFTEEN PERCENT(15%) OF THE INSURANCE PREMIUM; AND3. THE MANAGEMENT FEE.THE BENEFICIARY SHALL PROVIDE A WRITTEN NOTICE TO THE ISSUING BANK, NOTIFYING THE ISSUING BANK OF THE EFFECTIVE DATE OF THE CONTRACT AND EVERY INTEREST PAYMENT DATE. SUCH NOTICE SHALL BE

17、 CONCLUSIVE EVIDENCE OF THE EFFECTIVE DATE OF THE CONTRACT AND EVERY INTEREST PAYMENT DATE IN THE ABSENCE OF MANIFEST ERROR.THE EXPIRY DATE OF THIS LETTER OF CREDIT SHALL BE AUTOMATICALLY EXTENDED ON THE EFFECTIVE DATE OF THE CONTRACT UNTIL 36 (SHALL COMPLY WITH CONTRACT) MONTHS(NOTE: THE LENGTH OF

18、THE AGREED CONSTRUCTION PERIOD) FROM THE EFFECTIVE DATE OF THE CONTRACT.+ THE BENEFICIARY SHALL NOT SUBMIT ANY DOCUMENTS FOR DELIVERY PAYMENT AND/OR PROGRESS PAYMENT UNDER THE LETTER OF CREDIT UNTIL THE ISSUING BANK HAS PAID FIFTEEN PERCENT(15%) OF THE INSURANCE PREMIUM AND HONOURED THE EIGHTY-FIVE

19、PERCENT(85%) OF THE INSURANCE PREMIUM IN ACCORDANCE WITH PART I CLAUSE B AND PART II CLAUSE A IN FIELD 47A HEREOF.+ HONOURED PRINCIPAL EXCLUDING 85% OF THE INSURANCE PREMIUM SHALL BE PAID BY DEFERRED PAYMENT IN TEN(10) EQUAL INSTALLMENTS ON EACH REPAYMENT DATE.+ 85% OF THE INSURANCE PREMIUM HONOURED

20、 SHALL BE PAID BY DEFERRED PAYMENT IN XXX.+ ALL PAYMENTS BY THE ISSUING BANK UNDER THIS LETTER OF CREDIT SHALL BE PAID IN FULL TO THE BENEFICIARY WITHOUT SET-OFF OR COUNTERCLAIM OR RETENTION AND FREE AND CLEAR OF AND WITHOUT ANY DEDUCTION OR WITHHOLDING FOR OR ON ACCOUNT OF ANY TAXES OR ANY CHARGES.

21、 IN THE EVENT THE ISSUING BANK IS REQUIRED BY 特定國家IAN LAW TO MAKE ANY SUCH DEDUCTION OR WITHHOLDING FROM ANY PAYMENT IN CONNECTION WITH THIS LETTER OF CREDIT, THEN THE ISSUING BANK SHALL FORTHWITH PAY TO THE BENEFICIARY SUCH ADDITIONAL AMOUNT AS WILL RESULT IN THE IMMEDIATE RECEIPT BY THE BENEFICIAR

22、Y OF THE FULL AMOUNT WHICH WOULD HAVE BEEN RECEIVED HEREUNDER HAD NO SUCH DEDUCTION OR WITHHOLDING BEEN MADE.+ PAYMENT CONDITIONSPART IA. 15% (NOTE: SHALL COMPLY WITH CONTRACT)OF CONTRACT PRICE, I.E. RMBXXXXXX(SAY RMB XXXXXX ONLY) SHALL BE PAID AT SIGHT AS ADVANCE PAYMENT AGAINST PRESENTATION OF DOC

23、UMENTS STATED IN FIELD 46A PART I ITEM A. THE ISSUING BANK SHALL EFFECT THE PAYMENT WITHIN 5 WORKING DAYS AFTER THE STIPULATED DOCUMENTS ARE PRESENTED.B. 15%(NOTE: OR 100% IN CASE 85% OF THE INSURANCE PREMIUM IS NOT TO BE PAID BY DEFERRED PAYMENT) OF THE INSURANCE PREMIUM, I.E. RMBXXXXXX(SAY RMB XXX

24、XXX ONLY), SHALL BE PAID AT SIGHT AGAINST PRESENTATION OF DOCUMENTS STATED IN FIELD 46A PART I ITEM B. THE ISSUING BANK SHALL EFFECT THE PAYMENT WITHIN 5 WORKING DAYS AFTER THE STIPULATED DOCUMENTS ARE PRESENTED.C. THE MANAGEMENT FEE, I.E. RMBXXXXXX(SAY RMB XXXXXX ONLY) BEING ZERO POINT FIVE PERCENT

25、(0.5%) OF THE AMOUNT OF ALL THE PRINCIPAL(FOR THE AVOIDANCE OF DOUBT, MANAGEMENT FEE WILL NOT BE CALCULATED ON ANY INTEREST), SHALL BE PAID AT SIGHT IN ONE LUMP SUM AGAINST PRESENTATION OF DOCUMENTS SATED IN FIELD 46A PART I ITEM C. THE ISSUING BANK SHALL EFFECT THE PAYMENT WITHIN 5 WORKING DAYS AFT

26、ER THE STIPULATED DOCUMENTS ARE PRESENTED.PART IIA.(NOTE: WHETHER 85% OF THE INSURANCE PREMIUM CAN BE PAID BY DEFERRED PAYMENT SHALL BE SUBJECT TO SINOSURES APPROVAL.)a. 85% OF THE INSURANCE PREMIUM, I.E. RMBXXXXXX(SAY RMB XXXXXX ONLY) SHALL BE PAID BY DEFERRED PAYMENT AGAINST PRESENTATION OF DOCUME

27、NTS STATED IN FIELD 46A PART II ITEM A PRESENTED WITHIN 30 DAYS FROM THE EFFECTIVE DATE OF THE CONTRACT. THE ISSUING BANK, BY ACCEPTING THE DOCUMENTS WHICH ARE IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE LETTER OF CREDIT, SHALL SEND A DULY SIGNED WRITTEN HONOURING LETTER AS PRESENTED IN THE F

28、ORMAT AS PER APPENDIX I TO THE BENEFICIARY THROUGH COURIER, HONOURING THE ABOVE AMOUNT.(NOTE: IF INSURANCE PREMIUM IS NOT BE FINANCED, ITEM a SHALL BE DELETED.) THE ISSUING BANK SHALL SEND A DULY SIGNED WRITTEN HONOURING LETTER AS PRESENTED IN THE FORMAT AS PER APPENDIX I TO THE BENEFICIARY WITHIN 5

29、 WORKING DAYS AFTER THE STIPULATED DOCUMENTS ARE PRESENTED.b. 85% OF THE TOTAL AMOUNT OF EQUIPMENT AND SPARE PARTS I.E. RMBXXXXXX(SAY RMB XXXXXX ONLY) SHALL BE PAID BY DEFERRED PAYMENT AS DELIVERY PAYMENT AGAINST THE PRESENTATION OF DOCUMENTS STATED IN FIELD 46A PART II ITEM B PRESENTED WITHIN XX DA

30、YS AFTER DATE OF SHIPMENT FOR THE GOODS IMPORTED FROM P.R.CHINA AND THIRD COUNTRIES OR WITHIN XX DAYS AFTER THE DATE OF DELIVERY SHOWN ON COMMERCIAL INVOICE FOR THE GOODS PURCHASED IN 特定國家 BUT WITHIN THE VALIDITY OF THE L/C. THE ISSUING BANK, BY ACCEPTING THE DOCUMENTS WHICH ARE IN COMPLIANCE WITH T

31、HE TERMS AND CONDITIONS OF THE LETTER OF CREDIT, SHALL SEND A DULY SIGNED WRITTEN HONOURING LETTER AS PRESENTED IN THE FORMAT AS PER APPENDIX I TO THE BENEFICIARY THROUGH COURIER, HONOURING THE ABOVE AMOUNT. THE ISSUING BANK SHALL SEND A DULY SIGNED WRITTEN HONOURING LETTER TO THE BENEFICIARY WITHIN

32、 5 WORKING DAYS AFTER THE STIPULATED DOCUMENTS ARE PRESENTED. c. 85% OF THE TOTAL AMOUNT OF CIVIL WORKS, TRAINING, INSTALLATION AND COMMISSIONING, I.E. RMBXXXXXX(SAY RMB XXXXXX ONLY) SHALL BE PAID BY DEFERRED PAYMENT AS PROGRESS PAYMENT AGAINST PRESENTATION OF DOCUMENTS STATED IN FIELD 46A PART II I

33、TEM C. THE ISSUING BANK, BY ACCEPTING THE DOCUMENTS WHICH ARE IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE LETTER OF CREDIT, SHALL SEND A DULY SIGNED WRITTEN HONOURING LETTER AS PRESENTED IN THE FORMAT AS PER APPENDIX I TO THE BENEFICIARY THROUGH COURIER, HONOURING THE ABOVE AMOUNT. THE ISSUIN

34、G BANK SHALL SEND A DULY SIGNED WRITTEN HONOURING LETTER TO THE BENEFICIARY WITHIN 5 WORKING DAYS AFTER THE STIPULATED DOCUMENTS ARE PRESENTED.B. THE INTEREST IN RESPECT OF EACH HONOURED BUT UNPAID PRINCIPAL SHALL BE PAID AGAINST THE DOCUMENTS PRESENTED THROUGH COURIER FOR REPAYMENT OF RELEVANT PRIN

35、CIPAL UNDER THE LETTER OF CREDIT WHICH ARE SPECIFIED IN PART II CLAUSE A IN FIELD 47A. WHEN THE ISSUING BANK ACCEPTS THE DOCUMENTS WHICH ARE SPECIFIED IN PART II CLAUSE A IN FIELD 47A AND SENDS A DULY SIGNED WRITTEN HONOURING LETTER IN THE FORMAT AS PER APPENDIX I TO THE BENEFICIARY THROUGH COURIER,

36、 THE ISSUING BANK ALSO CONFIRMS ITS OBLIGATION TO PAY THE RELEVANT INTEREST IN CONNECTION WITH THE PRINCIPAL AMOUNT REPRESENTED BY THE DOCUMENTS ON EACH INTEREST PAYMENT DATE.1. ON EACH INTEREST PAYMENT DATE, THE ISSUING BANK SHALL PAY INTEREST ACCRUED ON EACH PRINCIPAL WHICH IS HONOURED BUT UNPAID

37、BY THE ISSUING BANK UNDER THE LETTER OF CREDIT.2. THE INTEREST PERIOD APPLICABLE TO EACH HONOURED BUT UNPAID PRINCIPAL SHALL:2.1 FOR THE FIRST INTEREST PERIOD, COMMENCE ON THE STARTING DATE OF THE FIRST INTEREST PERIOD AND END ON THE IMMEDIATELY FOLLOWING INTEREST PAYMENT DATE;2.2 FOR INTEREST PERIO

38、DS OTHER THAN THE FIRST INTEREST PERIOD, COMMENCE ON THE LAST DAY OF THE IMMEDIATELY PRECEDING INTEREST PERIOD AND END ON THE IMMEDIATELY SUCCEEDING INTEREST PAYMENT DATE.3. ALL HONOURED BUT UNPAID PRINCIPAL AMOUNTS SHALL BE CONSOLIDATED AT THE END OF THEIR RESPECTIVE FIRST INTEREST PERIOD.4. THE IN

39、TEREST RATE FOR EACH HONOURED BUT UNPAID PRINCIPAL SHALL BE XXXX5. INTEREST SHALL ACCRUE FROM DAY TO DAY AND IS CALCULATED ON THE BASIS OF THE ACTUAL NUMBER OF DAYS ELAPSED AND A 360-DAY YEAR, AND FOR SUCH PURPOSE THE INTEREST PERIOD SHALL INCLUDE THE FIRST DAY OF THE INTEREST PERIOD BUT EXCLUDE THE

40、 LAST DAY THEREOF.6. NOTWITHSTANDING THE ABOVE, IN RESPECT OF THE FIRST INTEREST PERIOD COMMENCING ON THE DATE WITHIN TEN(10) DAYS PRIOR TO ANY INTEREST PAYMENT DATE, THE INTEREST ACCRUED DURING THE FIRST INTEREST PERIOD ON SUCH PRINCIPAL SHALL BE PAID ON THE SECOND INTEREST PAYMENT DATE INSTEAD OF

41、THE FIRST INTEREST PAYMENT DATE.7. IF ANY SUM PAYABLE UNDER THE LETTER OF CREDIT FAILS TO BE PAID ON ITS DUE DATE, OVERDUE INTEREST SHALL ACCRUE ON SUCH OVERDUE AMOUNT FROM AND INCLUDING THE DUE DATE TO THE DATE OF ACTUAL PAYMENT OF THE OVERDUE AMOUNT AT THE INTEREST RATE AS SPECIFIED IN PART II CLA

42、USE B ITEM 4 IN FIELD 47A PLUS ONE PERCENT(1%) ON THE BASIS OF THE ACTUAL NUMBER OF DAYS ELAPSED AND A 360-DAY YEAR. PART IIITHE COMMITMENT FEE AT THE RATE OF ZERO POINT FIVE PERCENT (0.5%) PER ANNUM ON THE PRINCIPAL ON WHICH NO INTEREST HAS STARTED TO ACCRUE FROM AND INCLUDING THE EFFECTIVE DATE OF

43、 THE CONTRACT UP TO THE LAST DAY OF THE CONSTRUCTION PERIOD. THE COMMITMENT FEE SHALL BE CALCULATED ON THE BASIS OF THE ACTUAL NUMBER OF DAYS ELAPSED AND A 360-DAY YEAR, AND BE PAID ON EACH INTEREST PAYMENT DATE DURING THE CONSTRUCTION PERIOD AGAINST PRESENTATION OF DOCUMENTS STATED IN FIELD 46A PAR

44、T III PRESENTED TEN(10) BUSINESS DAYS BEFORE EACH INTEREST PAYMENT DATE.+ DEFINITIONS ADVANCE PAYMENT MEANS FIFTEEN PERCENT(15%) OF THE CONTRACT PRICE, I.E. RMBXXXXXX.BUSINESS DAY MEANS A DAY ON WHICH BANKS AND/OR OTHER FINANCIAL INSTITUTIONS ARE OPEN FOR BANKING BUSINESS IN BEIJING, TEHRAN AND THE

45、RELEVANT RMB CLEARING CENTER, AND IN CASE OF DETERMINATION OF THE RMB LIBOR, LONDON.CONSTRUCTION PERIOD MEANS THE PERIOD OF THREE(3) YEARS COMMENCING ON THE EFFECTIVE DATE OF THE CONTRACT.CONTRACT PRICE MEANS RMBXXXXXX, THE DETAILED INFORMATION OF WHICH ARE SET FORTH IN THE FIELD 45A HEREOF.DEFERRED

46、 PAYMENT HONOURING DATE MEANS, IN CONNECTION WITH EACH DELIVERY PAYMENT, PROGRESS PAYMENT OR THE INSURANCE PREMIUM TO BE PAID BY DEFERRED PAYMENT UNDER THE LETTER OF CREDIT, THE DAY ON WHICH THE ISSUING BANK HONOURS THE SAME.SHIBOR? MEANS, IN RELATION TO ANY INTEREST PERIOD FOR ANY HONOURED BUT UNPA

47、ID PRINCIPAL, THE INTEREST RATE APPLICABLE TO SUCH PRINCIPAL AT 11 OCLOCK(LONDON TIME) TWO(2) BUSINESS DAYS PRIOR TO THE FIRST DAY OF THE RELEVANT INTEREST PERIOD IN RMB AND IN THE TERM EQUIVALENT TO SUCH INTEREST PERIOD(OR, IF THERE IS NO SUCH TERM EQUIVALENT TO SUCH INTEREST PERIOD, IN A TERM EQUI

48、VALENT TO THE IMMEDIATELY NEXT AVAILABLE TERM FOR LIBOR), AS DISPLAYED ON PAGE LIBOR01 OF THE REUTERS SCREEN OR, IF SUCH PAGE IS REPLACED OR SUCH SERVICE CEASES TO BE AVAILABLE, SUCH OTHER PAGE OR SERVICE DISPLAYING THE APPROPRIATE RATE. FOR THE AVOIDANCE OF DOUBT, THE LENGTH OF THE FIRST INTEREST P

49、ERIOD SHALL BE ROUNDED UPWARD TO THE NEAREST FULL MONTH IN DETERMINATION OF APPLICABLE INTEREST RATE FOR THE FIRST INTEREST PERIOD.FIRST REPAYMENT DATE MEANS THE FIRST INTEREST PAYMENT DATE (THE DAY FALLING 6 MONTHS FROM THE BEGINNING OF THE REPAYMENT PERIOD) DURING THE REPAYMENT PERIOD.INSURANCE PR

50、EMIUM MEANS THE INSURANCE PREMIUM BEING RMB XXXXXX TO BE PAID BY THE ISSUING BANK TO THE BENEFICIARY IN ACCORDANCE WITH PART I CLAUSE B AND PART II CLAUSE A ITEM a IN FIELD 47A HEREOF.INTEREST PAYMENT DATE MEANS THE DAY FALLING EVERY SIX(6) MONTHS FROM THE EFFECTIVE DATE OF THE CONTRACT OR, IF SUCH

51、INTEREST PAYMENT DATE IS NOT A BUSINESS DAY, THE IMMEDIATELY FOLLOWING BUSINESS DAY.INTEREST PERIOD MEANS THE INTEREST PERIOD DETERMINED IN ACCORDANCE WITH PART II CLAUSE B ITEM 2 IN FIELD 47A HEREOF.PRINCIPAL MEANS ANY AMOUNT OF THE CONTRACT PRICE AND THE INSURANCE PREMIUM TO BE PAID BY DEFERRED PA

52、YMENT IN ACCORDANCE WITH THE TERMS OF THE LETTER OF CREDIT OR ANY PART OF SUCH AMOUNT WHERE THE CONTEXT SO REQUIRES.REPAYMENT PERIOD MEANS THE PERIOD OF FIVE(5) YEARS COMMENCING ON THE NEXT DAY AFTER THE END OF THE CONSTRUCTION PERIOD.REPAYMENT DATE MEANS EACH INTEREST PAYMENT DATE DURING THE REPAYM

53、ENT PERIOD.STARTING DATE OF THE FIRST INTEREST PERIOD MEANS, IN RELATION TO EACH PRINCIPAL HONOURED BY THE ISSUING BANK, THE DATE SPECIFIED IN THE WRITTEN NOTICE GIVEN BY THE BENEFICIARY TO THE ISSUING BANK FROM WHICH INTERESTS START TO ACCRUE. SUCH DATE SHALL IN NO CASE BE EARLIER THAN THE DEFERRED

54、 PAYMENT HONOURING DATE.THIRD COUNTRIES INCLUDE GERMANY, FRANCE, BRITAIN, SWEDEN, SWITZERLAND, CANADA, JAPAN, KOREA, RUSSIA, UKRAINE, UZBEKISTAN, KAZAKSTAN, SINGAPORE, UNITED ARAB EMIRATES, TURKEY AND THAILAND(NOTE: TO BE MODIFIED AS PER THE CONTRACT OR THE PROFORMA INVOICE).+ ALL DOCUMENTS EXCLUDIN

55、G COMMERCIAL INVOICE WHICH ARE SPECIFIED IN FIELD 46A MAY BE ISSUED BY A PARTY OTHER THAN THE BENEFICIARY.+ FOR AVOIDANCE OF DOUBT, THE PAYMENT OBLIGATION OF THE ISSUING BANK UNDER THE LETTER OF CREDIT IS NOT LIMITED TO THE AMOUNT STIPULATED IN THE FIELD 32B, BUT INCLUDING THE AMOUNT STIPULATED IN T

56、HE FIELD 39C.+ ALL DOCUMENTS WHICH ARE REQUIRED TO BE SENT TO THE ISSUING BANK UNDER THE LETTER OF CREDIT SHALL BE SENT BY THE PERSON(S) DESIGNATED BY THE BENEFICIARY WHO SHALL BE ACCEPTED BY THE ISSUING BANK TO THE ISSUING BANK AT THE FOLLOWING ADDRESS: XXXXXX(NOTE: THE ISSUING BANKS ADDRESS). + AL

57、L DOCUMENTS WHICH ARE REQUIRED TO BE SENT TO THE BENEFICIARY UNDER THE LETTER OF CREDIT SHALL BE SENT THROUGH COURIER AT THE FOLLOWING ADDRESS: XXXXXX(NOTE: THE BENEFICIARYS ADDRESS).+ THE TEXT OF THE HONOURING LETTER SHALL BE AS PER APPENDIX I HEREUNDER.71B:CHARGESALL BANKING CHARGES INSIDE 特定國家 ARE FOR THE ACCOUNT OF THE APPLICANT.48:PERIOD FOR PRESENTATIONAS PER FIELD 47A49:C