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Incoming Telex

August 15,1998

TK U FR UR LTR AUG 11. UR OFR 1,000 DZ COTTON BATH TOWELS ACEPTD. V R NOW ARRANGING WITH OUR BK FR RELEVANT LC. AS TO PACKG, V PREFER CTNS CONTAINING 5 DZ. PLS SEND CONTRACT ASAP. RGDS.

CONTRACT

NO.98 - 110

SELLERS:

BUYERS:

This Contract is made by and between the Buyers and the Sellers, whereby the Buyers agree to buy and the Sellers agree to sell the under - mentioned commodity according to the terms and conditions stipulated below:

Commodity:

Specifications:

Quantity:

Unit Price:

Packing:

Shipping Mark:

Insurance:

Time of Shipment:

Port of Shipment:

Port of Destination:

Terms of Payment:

Done and signed in Beijing on this 20th day of August 1998.

V. Write a letter in English asking for amendments to the following letter of credit by checking it with the above - mentioned contract:

COMMERCIAL BANK OF TORONTO

Date: Sept.5, 1998

To: BEIJING IMP.EXP CORP.

Beijing, China

Advised through Bank of China, Beijing

No, BOC 98/09/05

DOCUMENTARY LETTER OF CREDIT

IRREVOCABLE

Dear Sirs,

You are authorized to draw on VANCOUVER TRADING CO. LTD., Vancouver for a sum not exceeding CAN $ 24,000(SAY CANADIAN DOLLARS TWENTY THOUSAND ONLY) available by draft drawn on them at 60 day‘s sight accompanied by the following documents:

Full set of Clean on Board Bills of Lading made out to order and blank endorsed, marked "freight prepaid" dated not later than October 31,1998 and notify accountee.

Signed Commercial Invoice in quintuplicate.

Canadian Customs Invoice in quintuplicate.

Insurance Policies (or Certificates) in duplicate covering Marine and War Risks.

Evidencing shipment from China port to Toronto, Canada of the following goods:

1,000 dozen of Art. No. G3030 COTTON BATH TOWELS at CAN $ 24 per dozen CFRC2 Vancouver, details as per your S/C No.98 - 110.

Partial shipments are allowed.

Transhipment is prohibited.

This credit expires on November 15, 1998 for negotiation in China.

Ⅳ. Translate the following:

1. From Chinese into English:

(1)在起草合同時買賣雙方可以參照《國際貿(mào)易術語解釋通則》中的相應條款赤界定彼此的責任。

2.From English into Chinese:

Services play an important role in the economy of many industrialized countries. As a result, international growth and competition in this sector has begun to outstrip that of merchandise trade and is likely to intensify in the future. Even though services unlikely to replace production, the sector will account for the shaping of new comparative advantages internationally.

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（責任編輯：中大編輯）