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EXCEPTASFARASOTHERWISEEXPRESSLYSTATED,THECREDITISSUBJECTTOTHE‘UNIFORMCUSTOMSANDPRACTICEFORDOCUMENTARYCREDITS’(1993REVISION),INTERNATIONALCHAMBEROFCOMMERCEPUBLICATIONNO.500(UCP).ANDASTOMATTERSNOTADDRESSEDBYTHEUCP,SHALLBEGOVERNEDBYANDCONSTRUEDINACCORDANCEWITHTHELAWSOFTHECOUNTRYOFISSUINGBANK.

ALLPARTIESOTTHISLETTEROFCREDITAREADVISEDTHATTHEU.S.GOVERNMENTHASINPLACESPECIFICSANCTIONSAGAINSTCERTAINCOUNTRIES,RELATEDENTITIESANDOTHERINDIVIDUALS.

UNDERTHESESANCTIONS,CITIBANKN.A.IS/WILLBEPROHIBIETEDFROMENGAGINGINTRANSACTIONSTHATMAYFALLWITHINTHEGUIDELINESOFSUCHSANCTIONS.WEWILLACTINACCORDANCEWITHTHEGUIDELINESOFSUCHSANCTIONS.

PLEASEBEADVISEDTHATAFEEOFUSD75.00(OFEQUIVALENT)WILLBECHARGEDBYUSIFDOCUMENTSTHATCONTAINDISCREPANCIESAREPRESENTEDFORPAYMENT/REIMBURSEMENTUNDERTHISL/C.THEFEEWILLBECHARGEDFOREACHSETOFDISCREPAANTDOCUMENTANDWILLAPPLYWHENEVERWEMUSTOBTAINAPPROVALFROMOURCUSTOMER.THEDISCREPANCYFEEWILLBEDEDUCTEDBYUSFROMREMITTANCESMADEUNDERTHISL/CEVENIFTHEL/CINDICATESTHATSOMEOFALLCHARGESARETHERESPONSIBILITYOFOURCUSTOMER.

INTHEEVENTTHATDOCUMENTSPRESENTEDHEREUNDERAREDETERMINEDTOBEDISCREPANT,WEMAYSEEKAWAIVEROFSUCHDISCREPANCIESFROMTHEAPPLAANT.SHOULDSUCHAWAIVERBEOBTAINED,WEMAYRELEASETHEDOCUMENTSANDEFFECTSETTLEMENT,NOTWITHSTANDINGANYPRIORCOMMUNICATIONTOTHEPRESENTERTHATWEAREHOLDINGDOCUMENTSATTHEPRESENTER’SDISPOSAL,UNLESSWEHAVEBEENINSTRUCTEDOTHERWISEBYTHEPRESENTERPRIOROTOURRELEASEOFDOCUMENTSL

WHETHERPRESENTEDONAL/CPAYMENTORAPPROVALANDPAYMENT,ALLDOCUMENTSLISTEDHEREINMUSTBEFORWARDEDTO……LTD.FORPAYMENTINASINGLEMAILING.

THENEGOTIATINGBANKISREQUESTEDTOSENDDOCUMENTSDIRECTLYTO……LTD.INONELOTBYAIRMAIL/COURIER.

PAYMENTWILLBEEFFECTEDINTHESAMECURRENCYOFTHEDRAWINGUNDER.THISCREDITUPONRECEIPTOFDOCUMENTSBY……LTD.INCOMPLIANCEWITHTHETERMSOFTHECREDITINACCORDANCEWITHYOURREMITTANCEINSTRUCTION.

INCASEOFANYCORRESPONDENCE,SUCHASAMENDMENTCONSENT,CABLENEGOTIATIONETC.,SHOULDBEDIRECTEDTO……LTD.

THEAMOUNTOFEACHPAYMENTMUSTBEENDORS