根据合同内容审核信用证

根据下述合同内容审核信用证，并指出不符之处

Exercise 1

Sales Con tract The Seller: SHANGHAI SHENG DA CO., LTD.

UNIT C 5/F JINGMAO TOWER SHANGHAI, CHINA The Buyer: ALFAGA ENTER PRISE

28, IMAMGONJ DHAKA,BANGLADESH

The undersigned Seller and buyer have agreed to close the following transactions according

P ack ing: In Cartons Shi pping Mark:.

CHITTAGONG

Time of Shi pme nt: Duri ng May, 2008

Loadi ng Port and Dest in ati on: From Shan ghai to Chittago ng P artial Shipments and Tran ssh ipment: Allowed In sura nee: To be effected by the buyer

Terms of Payment: The Buyer shall open through a bank acceptable to the Seller an irrevocable Sight Letter of Credit to reach the Sellers 30 days before the mon th of shipment. Valid for n egotiati on in China un til the 15

The Seller

SHANGHAI SHENG DA CO., LTD.

信用证

No. SD080215

Date: Feb. 15, 2008 Signed at: Shan ghai, China

*h

day after the month of shipment.

The Buyer

ALFAGA ENTER PRISE

SEQUENCE OF TOTAL FORM OF DOC. CREDIT 27:

40A: 1/1

IRREVOCABLE DOC. CREDIT NUMBER 20: 06660801 DATE OF ISSUE: APP LICABLE RULES 31C: FEBRUARY 24, 2008 40E: UCP LATEST VERTION

DATE AND P LACE OF EXP. APP LICANT:

31D: MAY 23, 2008 IN BANGLADESH

50: ALFAGA ENTER PRISE 26, IMAMGONJ, DHAKA, BANGLADESH ISSUING BANK

52A: AB BANK LIMITED

BENEFICIARY IMAMGANJ, DHAKA-1211, BANGLADESH

59: SHANGHAI DA SENG CO., LTD. UNIT C 5/F JINGMAO TOWER AMOUNT

SHANGHAI, CHINA

32B: CURRENCY HKD AMOUNT

AVAILABLE WITH/BY 41D: ANY BANK IN CHINA BY NEGOTIATION

INSTRUCT. TO NEGOTIATING

78: THE AMOUNT AND DATE OF NEGOTIATION OF

IN CHARGE AT/FROM

CHITTAGANG SEA PORT, BANGLADESH LATEST DATE OF SHIPMENT 44C: MAY 2, 2008 (1) 2000 DOZ PAIR MODEL: JH-395W SIZE:3M x 16MM @ PER DOZEN

CIF CHITTAGONG

(2) 500 DOZ PAIR MODEL: JH-386W SIZE: 3M x 16MM @ PER DOZEN CIF CHITTAGONG

PACKING: EXPORT STANDARD SEAWORTHY

PACKING

46A: + SIGNED COMMERCIAL INVOICE IN TRIPLICATE SIGNED PACKING LIST IN TRIPLICATE CERTIFICATE OF ORIGIN FORM A

'S CERTIFICATE STATING THAT ONE SET OF ORIGINAL SHIPPING DOCUMENTS

DRAFTS AT 42C: DRAFTS AT 60 DAYS SIGHT DRAWEE

42D: AB BANK LIMITED, IMAMGANJ BRANCH

PARTIAL SHIPMENTS 43P: NOT ALLOWED TRANSSHIPMENT

43T: NOT ALLOWE

LOADING/DISPATCHING/TAKING 44A: ANY CHINESE PORTS

TRANS PORTATION TO 44B: DESCRIP OF GOODS

45A: TAPE RULES

DOCUMENTS REQUIRED BENEFICIARY INCLUDING ORIGINAL

FORM A ” HAS BEEN

SENT DIRECTLY TO THE APPLICANT AFTER

THE SHIPMENT

+ INSURANCE POLICY OR CERTIFICATE ENDORSED IN BLANK FOR 100 PCT OF CIF VALUE, COVERING AND WAR RISKS + 3/3 PLUS ONE COPY OF CLEAN ON BOAR ”D

ADDITIONAL CONDITION

DETAILS OF CHARGES

OCEAN BILLS OF LADING MADE OUT TO ORDER AND BLANK ENDORSED MARKED

“FREIGHT COLLEC ”T AND NOTIFY APPLICANT

47A: + ALL DRAFTS DRAWN HEREUNDER MUST BE MARKED

“DRAWN UNDER AB BANK LIMITED,

IMAMGANJ BRANCH CREDIT NO. 06660801 DATED FEBRUARY 24, 2008”

+ T/T REIMBURSEMENT IS NOT ACCEPTABLE

71B: ALL BANKING CHARGES OUTSIDE BANGLADESH

ARE FOR BENEFICIARY

'S ACCOUNT

PRESENTATION PERIOD 48: DOCUMENTS MUST BE PRESENTED WITHIN 15

DAYS AFTER THE DATE OF ISSUANCE OF THE SHIPPING DOCUMENTS BUT WITHIN THE VALIDITY OF THE CREDIT

CONFIRMATION

49: WITHOUT