2. this standby letter of credit is not operative and will become operative conditional upon the receipt of an acceptable irrevocable documentary credit issued by bank of america in four of goshwak trading strategies limited, relating to the shipment of 200'000 m/tons +/- 10 pct of iron ore at usd130]/mton, terms of which to be acceptable to beneficiary. subject d/credit to be received by credit suisse ag (creschzz12a) by latest on 25 july 2012 (5 banking days from the date of this standby[收起]