L/C by Negotiation .................................. ...........Message Header ............................................. Sender : HZCBCN2HXXX HANGZHOU CITY COMMERCIAL BANK HANGZHOU CN Receiver BKCHCATTXXX BANK OF CHINA (CANNADA) TORONTO CA .................................. ...........Message Text............................................. 27: Sequence of Total 1/1 40A : Form of Documentary Credit IRREVOCALBE 20: Documentary Credit Number LC2006873300604 31C : Date of Issue 061019 31D: Date and Place of Expiry 061216 IN COUNTRY OF BENEFICIARY 50: Applicant XIAOSHAN JJJ PAPER CO., LTD YOUYI VILLAGE CHUNJIANG STREET TEL: 8657163586666 FAX: 8657163586657 59: Beneficiary -- Name & Address OGO FIBERS INC UNIT 110, 30 WEST BEAVER CREEK RD, RICHMOND HILL, ON, L4B 3KI 32B: Currency Code, Amount Currency USD Amount#121,000.00# 39A : Percentage Credit Amt Tolerance 10/10 41D: Available With... By... WITH ANY BANK BY NEGOTIATION 42C : Draft at.. DRAFTS AT 90 DAYS AFTER SIGHT FOR FULL INVOICE VALUE 42D: Drawee – Name & Address HANGZHOU CITY COMMERCIAL BANK 432 FENGQI ROAD , HANGZHOU P. R. CHINA 43P: Partial Shipments ALLOWED 44T: Transshipment ALLOWED 44A : On Board Disp/ Taking Charge at/f MAIN PORTOF NORTH AMERICA 44B: For Transportation to... SHANGHAI , CHINA 44C : Latest Date of Shipment 061125 45A : Description of Goods & / or Services COMMODITY: WASTE PAPER, NO.3 QUANTITY: 1000.00 MTS UNIT PRICE: USD 121.00/ MT TOTAL AMOUNT: USD 121000.00 CFR SHANGHAI, CHINA 46A : Documents Required . SIGNEDCOMMERCIAL INVOICE IN 3 COPIES INDICATING L / C NO. AND CONTRACT NO.OGO-QX0636. . FULL SET OF CLEAN ON BOARD OCEAN BILL OF LADINGCONSIGNED TOAPPLICANT, MARKED “FREIGHT PREPAID” AND NOTIFYING APPLICANT. . PACKING LIST / WEIGHT MEMO IN 3 COPIES INDICATINGQUANTITY, GROSSAND NET WEIGHT OF EACH CONTAINER. . CERTIFICATE OF QUANTITY/WEIGHT IN 3 COPIES. . CERTIFICATE OF NON-WOOD PACKING MATERIAL. INSPECTION CERTIFICATE IN 1 ORIGINAL ISSUEDBY C.C.I.C. NORTH AMERICA, INC. . CERTIFICATE OF 14 DAYS FREE TIME DETENTIONFOR CONTAINERS AT DESTINATION. 47A : Additional Conditions . BOTH QUANTITY AND CREDIT AMOUNT 10PCTMORE OR LESS ARE ALLOWED. 71B: Charges ALL BANKING CHARGES OUTSIDE THE ISSUINGBANK ARE FOR ACCOUNT OF BENEFICIARY. 48: Period for Presentation DOCUMENTS MUST BE PRESENTED WITHIN21 DAYSAFTER DATE OF ISSUANCE OF THE TRANSPORT DOCUMENT BUT WITHIN THE VALIDITY OF THECREDIT 49: Confirmation Instructions WITHOUT 78: Instruction To Paying / Accepting /Negotiating Bank . REIMBURSEMENT BY TELETRANSMISSION ISPROHIBITED. . ALL DOCUMENTS MUST BE SENT TO HANGZHOU CITYCOMMERCIAL BANK, 432 FENGQI ROAD, HANGZHOU 310006, P. R. CHINA INONE LOT BY COURIER SERVICE. . UPON RECEIPT OF DOCUMENTS FULLY IN COMPLIANCE WITHTERMS AND CONDITIONS OF THIS CREDIT WE SHALL ACCEPT THE DRAFT AND REMIT THE PROCEEDS TO YOUR DESIGNATED ACCOUNT ONMATURITY. . DISCREPANCY FEE OF USD50.00 OR ITSEQUIVALENT WILL BE DEDUCTED FROM THE PROCEEDS OF ANY DRAWING IF DISCREPANTDOCUMENTS ARE PRESENTED. . THE AMOUNT OF EACH DRAWING MUST BE ENDORSEDON THE REVERSE OF THE CREDIT INSTRUMENT.