The homework for international settlement1st Draw a draft according to the following materialsA draft for GBP21 787.00 is drawn by china national animal by-products I/E corp. Beijing branch, Beijing, on bank of Atlantic, London, payable at 90 days sight to the order of ourselves dated 22 May, 200X marked “drawn under bank of Atlantic, London L/C No.1162/200x dated 21 Jan., 200X2nd Group-Work (4-6 students)Please collect materials about trade finance based on import and export business from the related book or internet after class. Then you are required to make the related PPT and introduce your contents in class for about 10-15 minutes.3rd Please make out the documents according to the reading materials (commercial invoice, packing list, c/o, insurance policy, B/L , draft and certificate letter)Enclosures:1. sales contract2. L/C3. supplementary materials 4. The documents in blank: commercial invoice, packing list, c/o, insurance policy, B/L and draft Encl-1SALES CONTRACTSellers: Shanghai Textiles S/C NO: 23CA1006Import & Export Corporation. Date: MAR 6TH, 2008 Signed at: ShanghaiAddress: 27 Zhongshan Road E.1, Fax: XXXXXXXXX Shanghai P.R. of China Telex: XXXXXXXXX Buyers: Mike Textiles Inc. Address: 3384 Snow St. Toronto, Fax: XXXXXXXXXXM3J,2J4,Canada Telex: XXXXXXXXX The undersigned Seller and Buyer have agreed to close the following transactions according to the terms and conditions stipulated below:1. 货号Art.No.2 品名及规格Name of Commodity & Specification3. 数量Quantity4单 价Unit Price 5.金额Amount77111Trueran Dyed Jean Polyester 65% Cotton 35%，2020 9460 ,114CM X 40M and up; COLRedSilverBrownDK. NavyWineElephantBlack M4,0003,0004,0003,0002,2003,0004,800_24,000CIF TorontoUSD/M1.561.32 1.561.621.621.44 1.62USD6240.003960.006240.004860.003564.004320.007776.00_36960.00Total Value：(in words):US $ Thirty Six Thousand Nine Hundred and Sixty only.6. 包装Packing: In Seaworthy Carton 7. 装船标记Shipping Marks: at the sellers option8装运条款Shipment: To be made before April 20, 2008 from Shanghai to Toronto with partial shipment and transshipment to be allowed.保险Insurance: To be effected by the seller for 110% of invoice value to covering Risks and War Risk as per the Ocean Marine Cargo Clauses and War Risk Clauses of the Peoples Insurance Company. of China.10.付款条件Payment：By 100% irrevocable L/C available by draft at 30 days sight. To be opened in sellers favor 15 days before the month of shipment. L/C to remain valid in China for a period of 15 days after last shipment date.THE SELLER: THE BUYER:Shanghai Textiles Mike Textiles Inc.Import & Export Corporation. Encl-2信用证ZCZC AH003P3TO: 10306FM: 1505 CANADIAN COMMERCIAL BANK TORONTO27: SEQUENCE OF TOTAL: 2/320: DOC.CREDIT NUMBER：T-01764145B: SHIPMENT OF GOODS46B: DOCUMENTS REQUIRED:*COMMERCIAL INVOICE IN QUADRUPLICATE*CERTIFICATE OF ORIGIN*3/3 SET OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO SHIPPERS ORDER AND BLANK ENDORSED, MARKED FREIGHT PREPAID TO TORONTO AND NOTIFY APPLICANT (SHOWING FULL NAME AND ADDRESS) ,INDICATING FREIGHT CHARGES.*NEGOTIABLE INSURANCE POLICY OR CERTIFICATE ISSUED BY PEOPLES INSURANCE COMPANY OF CHINA INCORPORATING THEIR OCEAN MARING CARGO CLAUSES (ALL RISKS) AND WAR RISKS FOR 110% OF CIF INVOICE VALUE .WITH CLAIMS PAYABLE IN CANADA INDICATING INSURANCE CHARGES.* DETAILED PACKING LIST IN TRIPLICATE.47B: ADDITIONAL COND.TO: 10306FM: 150527: SEQUENCE OF TOTAL: 1/340A: FORM OF DOC.CREDIT: IRREVOCABLE20: DOC.CREDIT NUMBER: T-01764131C: DATE OF ISSUE: 08032531D: EXPIRY: DATE: 080505 PLACE: THE PEOPLES REP.OF CHINA50: APPLICANT: MIKE TEXTILES INC. 3384 SNOW ST. TORONTO M3J, 2J4, CANADA59: BENEFICIARY: SHANGHAI TEXTILES IMPORT AND EXPORT CORPORATION 27 ZHONGSHAN ROAD.E.1 SHAGNHAI, P.R.OF CHINA32B: AMOUNT AND CURRENCY : USD AMOUNT: 36960.0039A: POS/NEG. TOL (%): 05/0541D: AVAILABLE WITH /BY: AVAILABLE WITH ANY BANK IN CHINA BY NEGOTIATION42C: DRAFTS AT 30 DAYS AFTER SIGHT42D: DRAWEE: CANADIAN COMMERCIAL BANK43P: PARTIAL SHIPMENT: PERMITED43T: TRANSHIPMENT: PERMITED44A: LOADING IN CHARGES: CHINA44B: FOR TRANSPORT TO: TORONTO44C: LATEST DATE OF SHIP: 08042045A: SHIPMENT OF GOODS: MERCHANDISE AS PER S/C NO.23CA1006 CIF TORONTO46A: DOCUMENTS REQUIRED:47A: ADDITIONAL COND.48: PRESENTATION PERIOD:NOT LAT