Applicant

ZHEJIANG ALISON IMP. & EXP. CO., LTD.

C-719, WORLD TRADE CENTRE OFFICE BUILDING

122 SHUGUANG ROAD , HANGZHOU ,310007 CHINA

Tel: 0086-571-87631686 Fax: 0086-571-87950611

Beneficiary(full neame, address and tel etc.)

SAMSUNG CORPORATION

SAMSUNG-PLAZA BUILDING 263, SEOHYEON-DONG,

BUNDANG-GU, SEONGNAM, GYEONGGI-DO , KOREA 463-721

TEL: 82-2-2145-2500 FAX: 82-2-2145-2596

Partial shipments

( X ) allowed ( )not allowed

Transhipment

( X )allowed ( ) not allowed

issued by (X ) teletransmission

( )express delivery

Loading on board/dispatch/ taking in charge at/from

ANY TAIWAN PORT

Not later than AUG.10., 2004

For transportation to SHANGHAI , CHINA

Contract No.: SMST/24116

Credit Amount (both in figures and words): USD374,694.00

US DOLLARS THREE HUNDRED SEVENTY FOUR THOUSAND SIX HUNDRED AND NINTY FOUR ONLY.

Trade Term: ( )FOB ( X ) CFR ( ) CIF ( ) 0thers:

Description of goods:

SEE ATTACHMENT

Date and place of expiry: Aug.30., 2004 CHINA

Credit available with

( ) by sight payment (X ) by acceptance ( ) by negotiation

( ) by deferred payment at

against the documents detailed herein

(X ) and beneficiary's draft for 100 % of invoice value

at 90 DAYS AFTER B/L DATE

On issuing bank

Documents reauired: (marked with X)

1. (X ) Signed commercial invoice in 3 copies indicating L/ C No. and Contract No. SMST/24116

2. (X) Full set of clean on board Bills of Lading made out [X ] to order/ [ ] to the order of and blank endorsed,

marked “ freight [ X ] prepaid/ [ ] to collect showing freight amount” notifying [ ]the applicant/ [ ]

3. ( ) Air Waybills showing “freight [ ]prepaid/ [ ] to collect indicating freight amount” and consigned to

4. ( )Insurance Policy/Certificate in 3 copies for 110 % of the invoice value showing claims payable in China in currency of the draft,blank endorsed, covering ( [ ] Ocean Marine Transportation / [ ] Air Transportation / [ ] Over Land Transportaion) All Risks, War Risks. / [ ]

5. (X ) Packing list / Weight Memo in 3 copies indicating

6. (X ) Certificate of Quantity/ Weight in 3 copies issued by [X ] manufacturer / [ ] Seller / [ ] independent surveyor at the loading port, indicationg the actual surveryed quantity / weight of shipped goods as well as the packing condition.

7. (X ) Certificate of Quality in 3 copies issued by [ X ] manufacturer / [ ] public recognized surveyor / [ ]

8. (X ) Beneficiary's Certified copy of fax dispatched to the applicant within 2 days after shipment advising the contract number, name of commodity, quantity, invoice value, bill of loading, bill of loading date, the ETA date and shipping Co.

9. ( ) Beneficiary's Certificate certifying that extra copies of the documents have been dispatched to the [ ] applican/ [ ]

10. ( ) Certificate of Origin in copies certifying.

11. ( )Other documents, if any:

Additiona instruction: (marked with X)

1. ( X )All banking charges outside the opening bank are for beneficiary's account.

2. ( X )Documents must be presented within 21 days after the date of issuance of the transport documents but within the validity of this credit.

3. ( ) Third party as shipper is not acceptable, Short Form / Blank B/l is not acceptable.

4. ( ) Both quantity and amount % more or less are allowed.

5. (X ) All documents to be forwarded in one lot by express unless otherwise stated above.

6. ( ) Other terms, if any:

For banks use only

我公司承担本申请书背面所列责任及承诺，并保证按照办理。

（申请人名称及印鉴章）

RMB A/C No.

USD or ( ) A/C No.

联系人 : 电话 :

Seal and / or Signature checked by ( )

L/C Margin % checked by ( )

Credit Facility checked by ( )

Ent ( ) Ver ( ) App ( )

Date: