DRAFT ID: A_KAS04072024 Page 1

DATE OF DRAFT: 04072024

DRAFT SAMPLE – FOR BENEFICIARY REVIEW AND APPROVAL ONLY ANNEX 1

SWIFT INPUT : FIN 710

: 27: SEQUENCE OF TOTAL

1/1
: 40B: FORM LETTER OF CREDIT
IRREVOCABLE
WITHOUT OUR CONFIRMATION
: 20: SENDER’S REFERENCE NUMBER
<TO BE ADVISED (TBA) UPON SWIFT ISSUANCE>
: 21: DOCUMENTARY CREDIT NUMBER
<TO BE ADVISED (TBA) UPON SWIFT ISSUANCE>
: 31C: DATE OF ISSUE
YYMMDD
: 40E: APPLICABLE RULES
UCP LATEST VERSION
: 31D: DATE AND PLACE OF EXPIRY
YYMMDD, CHINA
: 52D: ISSUING BANK – CREDIT GLORIOUS
PROPERTY HOLDINGS LTD. 9-10 STAPLE
INN,2ND FLOOR LONDON, WC1V7QH UK
(SWIFT/BIC: XXXXXX)
: 50: APPLICANT
KASANOVA S.P.A.
VIALE MONTEROSA 91
20862 ARCORE (MB)
ITALY
: 59: BENEFICIARY
ZEIJIANG BESCO COOKWARE CO. LTD
JINYANSHAN,INDUSTRAL ZONE, WUYI,ZHEJIANG, CHINA
: 32B: CURRENCY CODE/
AMOUNT CURRENCY: USD
AMOUNT: 352,051.17
: 41D: AVAILABLE WITH........BY....- NAME&ADDR
ANY BANK IN CHINA
BY NEGOTIATION
: 42P: 90 DAYS FROM B/L DATE
: 43P: PARTIAL SHIPMENT
ALLOWED
: 43T: TRANSSHIPMENT
ALLOWED
: 44E: PORT OF LOADING/AIRPORT OF
DEPARTURE: NINGBO PORT, P.R.CHINA
: 44F: PORT OF DISCHARGE/AIRPORT OF DESTINATION:
GENOA AND NAPLES PORT, ITALY
: 44C: LATEST DATE OF SHIPMENT
15.08.2024
: 45A: DESCRIPTION OF GOODS AND/OR
SERVICES FRYPAN / CASSEROLE /
BAUCEPAN
AS PER SALES CONFIRMATION:
E408-20REV.01
DATED:04.06.2024

APPROVAL - SIGNATURE OF THE DRAFT SAMPLE INSTRUMENT SIGNIFIES AND CONFIRMS:

That we are in receipt of your Financial Instrument Draft ID No: A_KAS04072024, we have read the terms and conditions
of the Draft verbiage and confirm that is correct in every respect and has been approved, accepted by us and all parties
and that no further amendment is required from the Beneficiary, Advising Bank and the Applicant prior and/or after the
swift issuance. We hereby approve the draft and its SWIFT Issuance / Transmission. Furthermore we note that this is a
Draft Sample for Review Only and it’s not considered as the actual issued instrument.

Date: ..............-...............-....................

Name of company: .................................................................................. Auth. Signature / Seal: …......................................

Print Name: ...................................................................................... Title: ................................................

DRAFT ID: A_KAS04072024 Page 2
DATE OF DRAFT: 04072024
DRAFT SAMPLE – FOR BENEFICIARY REVIEW AND APPROVAL ONLY ANNEX 1

SALES TERMS: FOB, NINGBO PORT, P.R.CHINA (INCOTERMS 2020)

: 46A: DOCUMENTS REQUIRED

+.FULL SET SHIPPED ON BOARD B/L ISSUED BY FORWARDER,
TO ORDER AND BLANK ENDORSED, MARKED FREIGHT PAYABLE AT DESTINATION,
WITH NOTIFY PARTY APPLICANT
+ SIGNED COMMERCIAL INVOICES IN 1 ORIGINAL AND 3 COPIES.
+ PACKING LIST IN 1 ORIGINAL AND 3 COPIES.
+ CERTIFICATE OF ORIGIN IN ONE ORIGINAL AND 3 COPIES CERTIFYING THAT THE GOODS
TO BE OF CHINESE ORIGIN.

: 47A: ADDITIONAL CONDITIONS

+ ALL DOCUMENTS SUBMITTED MUST BE IN THE ENGLISH LANGUAGE.
+ THIS LETTER OF CREDIT IS NOT SUBJECT TO THE SECOND PARAGRAPH OF ARTICLE 35 OF
UCP 600. WE ASSUME NO LIABILITY OR RESPONSIBILITY FOR THE CONSEQUENCES ARISING
OUT OF DELAY, LOSS IN TRANSIT, OR MUTILATION IN THE DELIVERY OF DOCUMENTS AND,
IF DOCUMENTS FORWARDED BY A NOMINATED BANK ARE LOST IN TRANSIT OR MUTILATED, WE
MAY REQUIRE DUPLICATE ORIGINAL DOCUMENTS BEFORE REIMBURSING THE NOMINATED BANK.
+ DOCUMENTS PRESENTED WITH DISCREPANCIES FOR EACH INDIVIDUAL NEGOTIATION WILL
BE SUBJECT TO A CHARGE OF USD 150.00 OR EQUIVALENT.

+ ALL DOCUMENTS MUST STRICTLY CONFORM TO THE TERMS AND CONDITIONS OF THIS
LETTER OF CREDIT ON PRESENTATION.
+ IN THE EVENT THAT DOCUMENTS PRESENTED HEREUNDER ARE DETERMINED TO BE
DISCREPANT, WE MAY SEEK A WAIVER OF SUCH DISCREPANCIES FROM THE APPLICANT.
SHOULD SUCH A WAIVER BE OBTAINED, WE MAY RELEASE THE DOCUMENTS AND EFFECT
SETTLEMENT, NOTWITHSTANDING ANY PRIOR COMMUNICATION TO THE PRESENTER THAT WE
ARE HOLDING DOCUMENTS AT THE PRESENTER’S DISPOSAL, UNLESS WE HAVE BEEN
INSTRUCTED OTHERWISE BY THE PRESENTER PRIOR TO OUR RELEASE OF DOCUMENTS IF THE
APPLICANT ACCEPTS ANY SUCH DISCREPANT PRESENTATIONS, IT WILL NOT IMPLY THAT THE
LETTER OF CREDIT IS THEREBY AMENDED OR EXTENDED.
+ THIS LETTER OF CREDIT IS SUBJECT TO UNIFORM CUSTOMS AND PRACTICE FOR
DOCUMENTARY CREDITS LATEST (2007 REVISION) INTERNATIONAL CHAMBER OF COMMERCE
PUBLICATION 600.
+ TO INITIATE SHIPMENT, ALL CORRESPONDING DOCUMENTS MUST BEAR ISSUING
INSTITUTIONS DOCUMENTARY CREDIT REFERENCE NO, MUST BE DATED, SEALED AND
MANUALLY SIGNED BY ALL PARTIES OF THE LC AND BE PRESENTED FROM FIRST
PRESENTATION ONLY.

APPROVAL - SIGNATURE OF THE DRAFT SAMPLE INSTRUMENT SIGNIFIES AND CONFIRMS:

That we are in receipt of your Financial Instrument Draft ID No: A_KAS04072024, we have read the terms and conditions
of the Draft verbiage and confirm that is correct in every respect and has been approved, accepted by us and all parties
and that no further amendment is required from the Beneficiary, Advising Bank and the Applicant prior and/or after the
swift issuance. We hereby approve the draft and its SWIFT Issuance / Transmission. Furthermore we note that this is a
Draft Sample for Review Only and it’s not considered as the actual issued instrument.

Date: ..............-...............-....................

Name of company: .................................................................................. Auth. Signature / Seal: …......................................

Print Name: ...................................................................................... Title: ................................................

DRAFT ID: A_KAS04072024 Page 3
DATE OF DRAFT: 04072024
DRAFT SAMPLE – FOR BENEFICIARY REVIEW AND APPROVAL ONLY ANNEX 1

+ UPON NEGOTIATION, NEGOTIATING BANK MUST INFORM LC ISSUER BY SWIFT ON THE SAME
DAY OF NEGOTIATION, THE LC NO, BILL AMOUNT, DATE OF SHIPMENT AND NEGOTIATION,
CONFIRMING THAT ALL THE TERMS AND THE CONDITIONS OF THE CREDIT HAVE BEEN
COMPLIED WITH AND CERTIFYING ENDORSEMENT OF THE NEGOTIATED AMOUNT ON THE
REVERSE OF THE ORIGINAL LETTER OF CREDIT AND A COPY OF SWIFT MUST ACCOMPANY THE
ORIGINAL DOCUMENTS.
+ THIS IS TO CONFIRM THAT THIS UNDERLYING TRANSACTION IS NOT DIRECTLY OR
INDIRECTLY RELATED TO IRAN, SYRIA, CUBA, NORTH KOREA, RUSSIA, CRIMEA OR ANY
OFAC SANCTIONED ENTITY OR INDIVIDUAL.

: 71D: CHARGES
+ ALL BANK CHARGES OUTSIDE THAT OF THE ISSUER ARE FOR BENEFICIARY’S ACCOUNT,
THIS CANNOT BE WAIVED, ARTICLE 37C OF UCP 600 EXCLUDED.

48: PERIOD OF PRESENTATION

DOCUMENTS TO BE PRESENTED WITHIN 15 DAYS AFTER SHIPMENT DATE BUT WITHIN THE
VALIDITY OF THE CREDIT.

: 49: CONFIRMATION INSTRUCTIONS

WITHOUT

: 78: INSTR TO PAYG/ACCPTG/NEGOTG BANK

1. ALL DOCUMENTS ARE TO BE FORWARDED UNDER ONE COVER QUOTING OUR LETTER OF
CREDIT REFERENCE NUMBER TO OUR DOCUMENTARY COLLECTION AND PROCESSING
CENTRE ADDRESS: AT SUITE 4, EUROPE HOUSE, PACKHORSE ROAD, GERRARD CROSS,
BUCKINGHAMSHIRE, SL9 8BQ, UNITED KINGDOM.
2. UPON RECEIPT OF COMPLYING DOCUMENTS AT OUR COUNTERS WITH OUR ACCEPTANCE OF
ENDORSEMENT (MT799) AND STRICTLY IN ACCORDANCE WITH THE TERMS OF THIS
CREDIT, WE SHALL CONFIRM AND EFFECT PAYMENT TO YOU ON DUE DATE ACCORDING TO
YOUR INSTRUCTIONS BY REMITTING PROCEEDS TO YOUR NOMINATED ACCOUNT AS YOU SO
INSTRUCT. ARTICLE 35 UCP 600 EXCLUDED.

: 57D: ADVISE THROUGH BANK

BANK OF CHINA JINHUA
BRANCH WUYI SUB-
BRANCH
SWIFT CODE: BKCHCNBJ92H
ACC NO: 375358343822

APPROVAL - SIGNATURE OF THE DRAFT SAMPLE INSTRUMENT SIGNIFIES AND CONFIRMS:

That we are in receipt of your Financial Instrument Draft ID No: A_KAS04072024, we have read the terms and conditions
of the Draft verbiage and confirm that is correct in every respect and has been approved, accepted by us and all parties
and that no further amendment is required from the Beneficiary, Advising Bank and the Applicant prior and/or after the
swift issuance. We hereby approve the draft and its SWIFT Issuance / Transmission. Furthermore we note that this is a
Draft Sample for Review Only and it’s not considered as the actual issued instrument.

Date: ..............-...............-....................

Name of company: .................................................................................. Auth. Signature / Seal: …......................................

Print Name: ...................................................................................... Title: ................................................