Universal Funding Ltd.

Universal Funding Ltd.is a financial consulting
service company,we can provide documentary or
standby letters of credit for importers or expor-
ters worldwide.

Due to our flexibility,we do not require a speci-
fic collateral deposit,and do not necessarily be-
come a creditor to our client companies.We truly
act as a supplement to the lines which may be cur-
rently provided.

This pass year we have opened hundred of Letter of
Credit on behalf of clients worldwide,through our
banking relationship we avail ourselves of the
foremost experts in the world in trade finance,and
the criteria set forth in UCP500,1993 edition for
documentary LC's and ISP98 for standby Letters of
Credit.

To extend to you the best possible service,please
provide us with an executive summary of your propo
sal stating the amount of trade finance require.

Sincerely,
Roberto Webster
Managing Director