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      Please examine the attached documents against the following credit.

        ISSUE OF DOCUMENTARY CREDIT SENT    700

        VIASWIFT TO

        SEQUENCE OF TOTAL    27       : 1/1

        FORM OF DOC. CREDIT   40A      : IRREVOCABLE

        DOC. CREDIT NUMBER   20       : 48FGBK88

        DATE OF ISSUE      31C      : ×× 1001 (01OCT ××)

        DATE AND PLACE OF EXPIRY 31D      : ××1130 THAILAND (30NOV ××)

        APPLICANT        50       : EXPENSIVE FASHIONS

                             100 SILK PLACE

                             NEW YORK, NY 10018

        BENEFICIARY       59       : QUICK KNIRRING CO. LTD.

                             5/FL, FASHION TOWER

                             BANCKOK 10120, THAILAND

        CURRENCY CODE, AMOUNT 32B      : USD750, 000. 00

        TOLERANCE        39A      : 10%

        AVAILABLE WITH/BY    41D      : ANY BANK

                             BY NECOTIATION

        DRAFTS AT        42C      : SIGHT

        DRAWEE         42A      : USA BANK

        PARTIAL SHIPMENTS    43P      : ALLOWED

        TRANSSHIPMENT      43T      : PROHIBITED

        SHIPMENT FROM      44A      : BANGKOK, THAILAND

        SHIPMENT TO       44B      : LOS ANGELES, CA-USA

        LATEST DATE OF SHIPMENT 44C      : ××1031              (31OCT××)

        DESCRIPTION OF GOODS  45A      : 100, 000 PR. LADIES PANTS,

                             STYIJE 6721 @ USD4.00/PAIR

                             100, 000 PR LADIES PANTS,

                             STYLE: 6720 @ USD3. 50/PAIR

                             FOB BANCKOK, THAILAND

        DOCUMENTS REQUIRED   46A      : +SIGNED COMMERCIAL INVOICE

        INDICATING L/C NUMBER

                             + PACKING LIST

                             +2/3 SET CLEAN ON BOARD OCFAN BILL

                             OF LADING CONSICNED TO EXPENSIVE

                             FASHIONS,

                             100 SILK PLACE, NEW YORK, NY 10018

                             AND

                             MARKED FREICHT COLLECT AND NOTIFY

                             A P P L I C A N T

                             + BFNEFICIARIES SIGNED STATEMENT

                             THAT ONE SET OF ORIGINAL

                             DOCUMENTS WAS MAILED TO

                             APPLICANT

        ADDITIONAL CONDITIONS  47A      : +THE DRAFT MUST BEAR THE CLAUSE

                             DRAWN UNDER DOCUMENTARY CREDIT

                             NO. 48FGBK88

                             DATED 01OCT ××, ISSUED BY USA BANK.

                             + ALL DOCUMENTS MUST BEAR THIS L/C

                             NO.

                             + ALL DOCUMENTS MUST BE IN THE ENGLISH LANGUAGE

        CHARGES         71B      : ALL CHARGES OTHER THAN THOSE OF THE ISSUING BANK

                             ARE FOR THE BENEFICIARY'S ACCOUNT.

        PERIOD FOR PRESENTATION 48       : DOCUMENTS MUST BE PRESENTED WITHIN 21 DAYS AFTER

                             THE DATE OF SHIPMENT BUT WITHIN THE L/C VALIDITY

        CONFIRMATION:      49       : WITHOUT

        INSTRUCTIONS TO PAY/ACC/NEG/BANK

                    78       : PLEASE FORWARD DOCUMENTS TO US IN ONE LOT VIA COURI-

                             ER UPON RECEIPT OF THE RELATIVE DOCUMENTS IN ORDER.

                             WE SHALL REMIT PROCEEDS TO THE NEGOTIATING BANK AC-

                             CORDINC TO THEIR INSTRUCTIONS

        BANK TO BANK INO.    72       : SUBJECT TO UCP 600, 2007 REVISION

      Assumptions

        (1) The draft and beneficiaries signed statement were also presented and complied with the terms of the credit.

        (2) All signatures where shown are original.

        (3) The documentary credit was issued correctly.

        (4) All the terms and conditions are on the reverse of the bill of lading.

      Attached Documents

        (1) Remitting Bank Cover Letter

        (2) Commercial Invoice

        (3) Packing List

        (4) Ocean Bill of Lading

        

      ANYBANK

      Cover Letter          Bangkok

                                                 Thailand

                                       Date: November 24, ××××

        To:

        USA Bank (Issuing Bank)

                                    Your Letter of Credit No. 48FGBK88

        Our Ref: IMP4987

        We enclose documents for USD829, 000. 00 for payment under the above mentioned Letter of Credit. Kindly credit our Head Office account with your New York under SWIFT advice to us quoting our reference.

        Regards,

        J. C. Phat,

        Authorized Signer

            Received

            November 28, ××××

            Counter of Issuing Bank

                      QUICK KNITTING CO. LTD. 5/FL, FASHION TOWER BANGKOK 10120, Thailand COMMERCIAL INVOICE

        Date: October 25, ××××

        Drawn under Documentary Credit No. 48FGBK88 dated ×× 1001 issued by USA

        Bank.

        Shipped on or about October 30, ×××× from Bangkok, Thailand to Los Angeles,

        CA-USA

        For account and risk of:    Expensive Fashions

                        100 Silk Place

                        New York, NY 10018

        

        Description:

        111, 000pr.   Pants 6721  @ USD 4. 00/pair  USD 444, 000. 00

        110, 000pr.   Pants 6720  @ USD 3. 50/pair  USD 385, 000. 00

                        TOTAL        USD 829, 000. 00

        FOB Bangkok, Thailand

        Marks & Nos.

        7732074

        Seal#: 304059

        Expensive Fashions

        6721, 6720

        200 cartons/10 cases

                  THE ULTIMATE FASHION PACKING COMPANY

        5 /FL, FASHION TOWER

        BANGKOK 10120,

        ThailandPacking List

        Date: October 25, ××××

        Documentary Credit No. 48FGBK88 dated ×× 1001 issued by USA Bank.

        Shipped on or about October 25, ×××× from Bangkok, Thailand to Los Angeles,

        CA-USA

        Messrs: Expensive Fashions

            100 Silk Place, New York, NY 10018

        

        Quantity    Description            Packing

        110, 000pr.  Ladies Clothing, Style: 6721    1,110 per carton

                total 100 cartons

        111, 000pr.  Ladies Clothing, Style: 6720    1,100 per carton

                total 100 cartons

                Packed 20 cartons per case

                Total 10 cases

        CIP Los Angeles

        Marks & Nos.

        7732074

        Seal#: 304059

        Expensive Fashions

        10 cases

             TRANSLINK SHIPPING LINES             Bill of Lading

        Shipper:               B/L Number :     Number of Original BL's:

             Quick Knitting Co. Ltd.   ICSMNL006874     THREE (3)

             5/FI, Fashion, Tower

             Bangkok 10120 , Thailand  For delivery of Goods please apply to:

                             Translink Shipping Inc.

        Consignee                 550 E. Carson Plaza Drive, #208

             Expensive Fashions       Los Angeles CA 90746

             100 Silk Place         Tel: 310. 111. 2222

             New York, NY 10018

                           Also notify/Domestic Routing/Export Instructions/Pier

        Notify Party (Name and Address)    Terminal/Onward Routing from Point of Destination

             Expensive Fashions

             100 Silk Place       "Final Destination is for

             New York, NY 10018     Consignee's Account"

        Pre-Carriage by            Place of Receipt

             HANJUNG V. 207         BANCKOK THAILAND

        Vessel Voy              Port of Loading

             FASHIONBOAT          BANGKOK, THAILAND

        Port of Discharge           Place of Delivery   Final Destination

             LONG BEACH, CA       LOS ANGELES, CA   LOS ANGELES, CA

        Marks and numbers Number        Description of Packages and Goods Gross Weight

        Cntrnos W/Seal No. s. of packages     as per Merchandise Information

        7732074

        Seal#: 304059

        Expensive Fashions

        6721, 6720

        200 cartons/10 cases

        Item No.  Qty      Cartons/Cases    Description   Price    Weight

        6721    111, 000 pr.  100  5     Ladies Pants  444, 000  200 KCS

        6720    110, 000 pr.  100  5     Ladies Pants  385, 000  185 KGS

        TOTAL    221, 000 pr.  200  10                    385 KGS

        FOB Bangkok, Thailand

        "FREIGHT COLLECT"

        Freight Rates Charges, Weights and/or Measurements Laden on Board the Vessel: October 31. ××

        (Subject to Correction)  Prepaid   Collect   By: (original signatures)

                                      Place and date of Issue

                                      Bangkok, Nov. 1, ××

                                      ORIGINAL

        FREIGHT AS ARRANCED

                                      ICS Translink (Thailand), Inc.

        As Agent for the Master, Capt. Lee Young

          (Original Signature)

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