BTECH Letter of Credit Instructions

Date:

Pro forma Invoice No.______________
Your Ref. No._____________________

Indicated below are those terms and conditions that BTECH Inc. will consider acceptable in a letter of credit issued by your bank. Your efforts to gain compliance with these terms and conditions in the issuance of your letter of credit will ensure prompt dispatch of your order. If your bank is unable to issue the credit within the following guidelines, please contact us providing information on those issues that must be altered. This will eliminate costs involved in amendments and delay after the credit has been issued.

1. Beneficiary:

BTECH Inc.
10 Astro Place
Rockaway, NJ 07866 USA

2. The letter of credit is to be delivered at the time of firm purchase order.

3. The letter of credit is to be Irrevocable and subject to the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500.

4. The letter of credit is to be Confirmed and Advised by our bank:

Fulton Bank, Attn: Letter of Credit Dept.
One Penn Square, Lancaster, PA 17602 USA
American Bankers Association (ABA) Routing No.: 031301422
Telex: (510) 672-0525 Fax: (717) 393-7986
SWIFT: FLBK US 33 Phone: (717) 291-2476

5. The letter of credit shall be payable at sight of draft and documents.

6. The letter of credit shall specify that all banking charges outside of Fulton Bank (as Advising Bank) are for the account of the Applicant.

7. The letter of credit shall be payable in United States Dollars.

8. The amount to be paid shall not exceed the total amount stated in BTECH's Proforma Invoice.

9. Description of goods: Battery Monitoring System Equipment.

10. Shipping terms: Ex Works (EXW) BTECH Inc., 10 Astro Place, Rockaway, NJ 07866 USA

11. Transhipments: ( ) Permitted ( ) Not Permitted

12. Partial shipments: ( ) Permitted ( ) Not Permitted

13. Latest shipping date: ______________________

14. Earliest letter of credit expiry date shall be 45 days after the anticipated shipping date.

15. Twenty-one days (21) shall be allowed for presentation of documents to the Confirming Bank after shipment.

16. Other special instructions of the Applicant:

17. Beneficiary Contact Information:

Joyce Freiermuth
BTECH, Inc.
10 Astro Place
Rockaway, NJ 07866 USA
Phone: (973) 983-1120
Fax: (973) 983-1125
Email: jfreiermuth@btechinc.com