====                       ,
   TAX: J/V PRETSENDENTBIZNESS
   -------------------------------
   
   TO: EAST - WEST LUXEMBOURG
   
   FROM: BANK
   
   
   DATE: OCTOBER 04.10.96
   
   TEST:
   
   DATE OF ISSUANCE: 04.10.96
   WE ISSUE IRREVOCABLE CREDIT NO.
   SUBJECT TO UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS ( 1998
   REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500
   EXPIRING ON 26.12.1996 LUXEMBOURG
   CREDIT APPLICANT: J/V PRETSENDBIZNESS"
   BENEFICIARY: FIRM "JANSEN KUILENBURG B. V WESTEKADE 31,3016 CM
   ROTTERDAM, NETHERLAND.
   AMOUNT: DEM 61100
   AVAILABLE WITH YOU              BY PAYMENT
   PARTIAL SHIPMENTS NOT ALLOWED
   TRANSHIPMENT NOT ALLOWED
   DISPATCH FROM PORT SOUTH OF FRANCE DESTINATION: ROSSIA
   GOODS: CONTRACT WITHOUT NUMBER DD       199 CARS CIF
   SANKT-PETERBOURG
   DOCUMENTS: 1.    B/L,    INSURENCE    POLICE,    INVOISE-MANUFACTURER,
   SPECIFICATION, FULL  SET  OF CLEAN ON BOARD BILLS OF LADING, ISSUED IN
   THE BUYER'S
   NAME
   DATE OF FIRST SHIPMENT:
   FURTHER CONDITIONS:  ALL  BANKING  AND  TRANSPORT   CHARGES   IN   THE
   COUNTRY-BUYER-ARE FOR THE BUYER'S ACCNT, IN THE COUNTRY-SELLER-ARE FOR
   THE SELLER'S ACCNT.
   PRESENTATION PERIOD: DOCUMENTS TO BE PRESENTED WITHIN 7 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: PAYMENT  SHOULD  BE  EFFECTED  BY  YOU  UPON RECEIPT OF
   TELEGRAPHIC REMITTANCE FROM BANK AGAINST TESTED
   CABLE YOUR BANK CONFIRMING THAT THE DOCUMENTS PRESENTED BY BENEFICIARY
   IN FULL CONFORMITY WITH CREDIT CONDITIONS  AND  SENT  TO  OUR  ADDRESS
   WITHOUT INTEREST FOR US.
   OUR REF: