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<br />allows us to advise you by electronic transmission of (i) our receipt of any Export Letter <br />of Credit naming you as beneficiary, including the wording of an Export Letter of Credit so <br />you can prepare export documents as per the Export Letter of Credit; (ii) the status of any <br />documents or payments with regard to any Export Letter of Credit; (iii) our confirmation <br />of any such letter of credit and (iv) any payment made pursuant to a drawing under any <br />such letter of credit. <br /> <br />You may elect to have export letters of credit of a Subsidiary or other entity reported <br />to you with our Export Electronic Trade Letters of Credit Service. You agree that the <br />Subsidiary or other entity will provide us with a written authorization, in a form <br />acceptable to us, for us to make that Subsidiary or other entity's information available <br />to you. <br /> <br />You may prepare shipping documents based on your Export Letter of Credit advised <br />details. You may then edit and locally print those documents and courier them to us for <br />presentation. <br /> <br />REQUESTS FOR TRANSFERS <br />Partial Transfers. You may request the partial transfer, with or without substitution of <br />invoices, of Export Letters of Credit by submitting to us, for each transfer, a request <br />providing the following information: <br /> <br />. whether the transfer is with or without substitution of invoices <br /> <br />· Export Letter of Credit number <br /> <br />· name of issuing bank <br /> <br />· our advice number <br /> <br />. name and address of second beneficiary's advising bank <br /> <br />· amount to be transferred <br /> <br />. description of merchandise subject to the transfer <br /> <br />. name and address of second beneficiary <br /> <br />· unit price <br /> <br />. expiration date of transfer Export Letter of Credit <br />. latest shipment date <br />. number of days after shipment within which documents must be presented <br />. insurance percentage (if applicable) <br /> <br />· date of application <br /> <br />If we approve the transfer, we will advise the second beneficiary of the terms and <br />conditions of the transferred credit by full text teletransmission, mail/airmail or courier <br />(as we deem appropriate). <br /> <br />, <br /> <br />, <br /> <br />.1 <br />