INDUSTRIAL AND COMMERCIAL BANK OF CHINASTATES:
+THE FIRST BENE. HAS IRREVOCABLLY RETAINEDTHE RIGHT TO REFUSE TO ALLOW US TO ADVISE AMENDMENTS TO THE SECOND BENEFICIARY.
+DOCUMENTS IN STRICT CONFORMITY WITH THETERMS AND CONDITIONS OF THIS TRANSFERRED DC ARE TO BE PRESENTED TO US AND WILLBE SENT ONWARD TO THE DC ISSUING BANKAFTER SUBSTITUTION OF DOCS BY THE FIRST BENEFICIARY (WHERE THE FIRST BENEFICIARYHAS RETAINED THE RIGHT TO DO SO .)
+NOTWITHSTANDING ARTICLE 16 OF UCP600,INTHE EVENT THAT DOCUMENTS ARE PRESENTED TO US WITH DISCREPANCIES,WE WILL FORWARDDOCUMENTS ARE PRESENTED TO US WITH DISCREPANCIES,WE WILL FORWARD DOCUMENTS TOTHE DOCUMENTARY CREDIT ISSUING BANK FOR APPROVAL AND PAYMENT.
+UPON PECEIPT OF PAYMENT FORM THE PAYINGBANK WE SHALL REMIT PROCEEDS AFTER DEDUCTING RELATIVE CHARGES TO YOU AS PERYOUR INSTRUCTION ON THE COVER SCHEDULE.
+THE PRESENTING/NEGOTIATING BANK MUST QUOTETHE LC NO AND OUR TRANSFER NO. ON THEIR COVERING SCHEDULE.
+UNDER NO CIRCUMSTANCES SHOULD ANDBENEFICIARY’S DOCUMENTS AND/OR DRAFT(S) DOCUMENTS AND/OR DRAFT(S) AT OURCOUNTER ,ANY OTHER BANK/FINACIAL INSTITUTION DISPATCHES 2NDBENEFICIARY’S DOCUMENTS AND/OR DRAFT(S) DIRECTLY TO L/C ISSUING BANK FORCOLLECTION AND HENCE PRECLUDES THE 1ST BENEFICIARY FROM SUBSTITUTINGHIS DOCUMENTS AND/OR DRAFT(S),THAT BANK/FINANCIAL INSTITUTION WILL HOLD FULLLIABILITY FOR INDEMNIFYING THE INJURED PARTY FOR ALL LOSSES THAT MAY BERESULTED FROM DOING SO.
+IF THE ISSUING BANK INTEND TO CANCEL THEL/C,TRANSFERING BANK WILL INFORM THE FIRST BENEFICIARY AND SECOND BENEFICIARYBOTH TIMELY.