A new transferable credit may be opened at the request of the first beneficiary by the transferring

bank in accordance with all terms and conditions of the original credit except there are six changeable terms which please point out in the following terms:

(1)( ) The first beneficiary may be instead of original applicant.

(2)( ) The credit amount and unit price may be reduced.

(3)( ) The quantity of goods may be decreased.

(4)( ) The shipment and expiry dates and latest date for presentation of documents may be shortened.

(5)( ) The percentage of insurance cover may be increased.

(6)( ) The credit number may be altered.

(7)( ) The original transferable credit allows the first beneficiary to substitute his invoice and draft (s) for those presented by the second beneficiary.

(8)( ) The first beneficiary may request that payment or negotiation to be effected to the second beneficiary (ies) at the place to which the credit has been transferred within the expiry date of the credit.