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   TAX: LICENZINTORG
   ------------------
   
   
   TO: THE FIRST NATIONAL BANK OF CHICAGO CHICAGO
   
   FROM: BANK
   
   DATE: 960802
   
   TEST:
   
   DATE OF ISSUANCE: 960802
   WE ISSUE TRANSFERABLE CREDIT NO.
   SUBJECT TO UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS (1998
   REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500
   EXPIRING ON 961204 MOSCOW RUSSIA
   CREDIT APPLICANT: LICENZINTORG
   BENEFICIARY: AMSOV COMPANY 3601 WEST DEVON AVENUE CHICAGO IL 60659 USA
   ACCNT 4163249
   AMOUNT: USD
   AVAILABLE WIHT US                 BY PAYMENT
   PARTIAL SHIPMENTS ALLOWED
   TRANSHIPMENT ALLOWED
   DISPATCH FROM SOUTH KOREA PORT    DESTINATION: ROSSIA ST. PETERBOURG
   GOODS: CONTRACT 7324/099109 OF 960730
   DELIVERY OF LEATHER PRODUCTS
   CIF PORT ST.PETERBOURG
   DOCUMENTS:
   1. DETAILED ORIGINAL INVOICE AND 3 CPS
   2. CLEAN   BILL   OF  LADING  ORIGINAL  ISSUED  IN  THE  NAME  OF  VVO
   LICENZINTORG
   3. PACKING LIST IN 5 CPS
   4. TEST CERTIFICATE OR CERTIFICATE OF QUALITY OF SHIPMENT
   5. COPY  OF  EXPORT  LICENCE  IF  REQUIRED  OTHER  WISE COPY OF LETTER
   STATING THAT NO LICENCE IS REQUIRED
   6. INSURANCE POLICY
   FURTHER CONDITIONS: CHARGES UNDER L/C ARE FOR SELLER'S ACCOUNT
   PRESENTATION PERIOD:  DOCUMENTS  TO  BE PRESENTED WITHIN 21 DAYS AFTER
   THE DATE OF ISSUANCE OF THE SHIPPING DOCUMENTS BUT WITHIN THE VALIDITY
   OF THE CREDIT
   PLEASE NOTIFY BENEFICIARY WITHOUT ADDING YOUR CONFIRMATION
   REIMBURSEMENT: FOR  RESEIPT  OF  PAYMENT  PLS  SEND  DOCUMENTS  AT OUR
   ADDRESS THROUGH YOUR BANK     OUR REF NO.: