+A FEE OF USD 80 IS TO BE DEDUCTED FROM EACH DRAWING FOR THE ACCOUNT OF BENEFICIARY.IF DOCUMENTS ARE PRESENTED WITH DISCREPANCY9 (IES)

If there are discrepancies in the submitted documents, The discrepancy processing fee of US$80 is borne by the beneficiary.

++2 PERCENT AND -2 PERCENT IN QUANTITY AND AMOUNT ACCEPTABLE

The quantity and amount are allowed to increase or decrease by 2%

+TIME DRAFTS SHALL BE PAID AT SINGHT FOR THE FACE AMOUNT

Usance drafts will be payable on sight according to the face amount

+DISCOUNT CHARGES AND ACCEPTANCE COMMISSIONS IN QUESTION ARE FOR ACCOUNT OF BUYER

Discount fees and acceptance fees are borne by the buyer.

+IN THE EVENT THAT DOCUMENTS PRESENTED UNDER THIS CREDIT ARE DETERMINED TO BE DISCREPANT, WE MAY SEEK A WAIVER OF SUCH DISCREPANCY (IES) FROM THE APPLICANT AT OUR SOLE DISCRETION.

UNLESS PRIOR COMTRARY INSTRUCTIONS HAVE BEEN RECEIVED FROM THE PRESENTER, WE MAY RELEASE DOCUMENTS TO THE APPLICANT WITHOUT FURTHER NOTICE TO YOU UPON THEIR WAIVER OF DISCREPANCIES.

IN SUCH EVENT, THE PRESENTER AND/OR BENEFCIARY SHALL HAVE NO CLAIM AGAINST US.

Under this letter of credit, even if the documents presented are found to contain discrepancies, we have the right to seek a waiver of the discrepancies from the applicant, unless we receive objection instructions from the presenter. Once we receive the applicant's waiver, we will release the document to the applicant without further notice to you. Once the document is released, the presenter or beneficiary has no right to claim rights against us.

+ALL DOCUMENTS MUST BEAR OUR CREDIT NUMBER.

All documents must show the letter of credit number.

+ALL DOCUMENTS MUST BE ISSUED IN ENGLISH UNLESS OTHERWISE STIPULATED.

All documents must be issued in English unless otherwise specified.

DETAILS OF CHARGES: Detailed fees

+ALL BANKING COMMISSIONS AND CHARGES INCLUDING REIMBURSEMENT COMMISSIONS OUTSIDE SOUTH KOREA ARE FOR ACCOUNT OF BENEFICIARY

All outside South Korea Bank charges, including reimbursement fees, are borne by the beneficiary.

+ DOCUMENTS MUST BE PRESENTED FOR NEGOTIATION WITHIN 7DAYS AFTER DATE OF SHIPMENT BUT WITHUN CREDIT VALIDITY

Documents must be submitted for negotiation within 7 days of the shipment date and within the validity period of the letter of credit.

CINFIRMATION: WITHOUT

Unconfirmed

INSTRUCTIONS:

Instructions

+THE AMOUNT OF EACH NEGOTIATION /DRAWING MUST BE ENDORSED ON THE REVERSE OF THIS CREDIT AND NEGOTIATION/PRESENTINIG BANK MUST CERTIFY THE SAME ON THE COVERING SCHEDULE.

Each withdrawal must be recorded on the back of the letter of credit, and the negotiating bank must be attached. The letter certifies this.

+ALL DOCUMENTS MUST BE MAILED TO DAEGU BANK, LTD.

BUSINESS PROCESS SUPPORT DEPT DEPT 17FL,

118, SUSEONG-2-GA, SUSEONG- GU,

DAEGU, 706-712 SOUTH KOREA

IN ONE LOT BY COURIER MAIL.

All documents must be mailed to

+UPON RECEIPT OF THE DRAFT AND DOCUMENTS COMPLIED WITH THE TERMS AND CONDITIONS OF THIS CREDIT, WE SHALL REMIT THE PROCEEDS ACCORDING TO THE NEGOTIATING BANK'S INSTRUCTION

Once we receive the draft and documents that comply with the terms of the letter of credit, we will Remit the payment according to the instructions of the negotiating bank.