London Trading Co. Ltd.
　　(3)
　　Outgoing Letter
　　Dear Sirs,
　　We’ve received your letter of November 13 and your Order No. 333. Much to our regret,
　　we can hardly accept your order at the prices you bid since the prices of raw materials have increased recently. We’re afraid the best we can do is as follows:
　　Commodity Unit Price (Per doz) CIF London Size Quantity(doz)
　　Woman`s Nylon Garments USD80.00 Small 15
　　Woman`s Nylon Garments USD120.00 Medium 16
　　Woman`s Nylon Garments USD160.00 Large 14
　　As to payment terms, we usually require letters of credit. However,
　　in view of our long and pleasant relations, we will accept D/P 60 days this time.
　　But it must be clearly understood that, in so doing, we are not establishing a
　　precedent. We hope you will accept our prices and give us a reply an soon as possible.
　　Yours faithfully,
　　(4)
　　Incoming Letter
　　Dear Sirs,
　　Your letter of November 20,1999 has been received. As we are anxious
　　to finalize this transaction, we have been exerting ourselves to persuade our
　　clients to accept your prices. Eventually, they have decided to accept.
　　We are glad to have been able to conclude the business with you and await your sales confirmation.
　　Yours faithfully,
　　(5)
　　Outgoing Letter
　　Dear Sirs,
　　We’re glad that your clients have accepted our prices, which are narrowly calculated.
　　These goods will be packed in boxes of half dozen each and 10 dozen to a carton,
　　and shipped in December from China port to London with transshipment and
　　partial shipments allowed. Insurance is to be covered by us against ALL Risks and War Risk for
　　100% of the invoice value. Enclosed is our Sales Contract No.116 signed in Beijing on 28th November,
　　1999 in duplicate, a copy of which please sign and return.
　　Yours faithfully,
　　CONTRACT
　　No.______________
　　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 Size Quantity (doz) Price per doz CIF London Amount

　　Total Value:
　　Packing:
　　Shipping Mark:
　　Insurance:
　　Time of Shipment:
　　Port of Shipment:
　　Port of Destination:
　　Terms of Payment:
　　Done and signed in on this day of
　　V. Write a letter in English asking for amendments to the following letter of
　　credit by checking it with the given contract terms: (15%)
　　Copenhagen Bank
　　Date: 4 January, 2000
　　To: Bank of China, Beijing
　　We hereby open our Irrevocable Letter of Credit NO.112235 in favor of China Trading
　　Corporation for account of Copenhagen Import Company up to an amount of GBP1,455,00
　　(Say Pounds Sterling One Thousand Four Hundred And Fifty - five Only) for 100% of the invoice value relative to the shipment of:
　　150 metric tons of Writing Paper Type 501 at GBP97 per m/t CIF Copenhagen as per your S/C
　　No. PO5476 from Copenhagen to China port. Drafts to be drawn at sight on our bank and