9911796707
TMI BlogExim Bank’s Line of Credit of US $ 10 million to Banco de Comercio Exterior de Colombia, S.A. (Bancoldex), ColombiaX X X X Extracts X X X X X X X X Extracts X X X X ..... olombia on February 5, 2002, making available to the latter, a line of credit upto an aggregate sum of US $ 10 million (U.S. Dollar Ten Million only). The credit has become effective from March 21, 2002, and is available for financing Indian export of eligible goods (listed in the Annexure) and related services to buyers in the borrower's country i.e. Colombia or any other country as may be requested by the buyer and approved by the borrower except to a country with which India may not have bilateral relations or on which any sanctions or embargo may have been imposed. The eligible goods will also include initial spares, drawings and designs together with services related thereto. The export of goods from India and their import into the bor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... negotiating bank in India as may be designated from time to time by Exim Bank in consultation with Bancoldex. The letter of credit shall be subject to the Uniform Customs and Practice for Documentary Credits (1994 edition) published by the International Chamber of Commerce (Publication No.500) and shall be irrevocable and if required by a seller, be also divisible and transferable. 4. Upon presentation of documents by the beneficiary to the negotiating bank, the negotiating bank shall pay to the beneficiary an amount being not more than 90 per cent of f.o.b./c. f./c.i.f. contract value, apportionable to the relative shipment, in equivalent Indian Rupee at the spot rate of exchange of the negotiating bank, provided the documents presente ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under the credit will have to be declared on GR/SDF Forms as usual. All copies of the GR/SDF Forms should bear a prominent superscription reading 'Export under Exim Bank's Line of Credit dated February 5, 2002 extended to Banco de Comercio Exterior de Colombia, S.A. (Bancoldex), Colombia'. The number and date of this circular should be recorded in the space provided for. On receipt of full payment of the bills in the manner stated above, authorised dealer should certify the duplicate copy/ies of the relative GR/SDF Form/s and forward them to the concerned Regional Office of the Reserve Bank, in the usual manner. 10. No agency commission shall be payable in respect of exports financed under the above line of credit. However, Reserve Bank m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Coke oven plant and equipment Coke oven refractories Control and Process Instruments including X-Ray equipment for Industrial Applications. Copper Ore concentration machinery Dairy equipment and animal feed plant Earth moving equipment like crawler tractors, shovels, excavators, loaders, dumpers etc. Edible Oil Mill machinery and oil expellers. Electric motors and pumps Electronic Data Processing equipment Fertilizer plant and equipment Flour, rice and dal mill machinery Food processing plant Foundry equipment including mould making machinery, Sand and Shot blasting equipment Freight containers Garage equipment Gas and air separation plants Glass and Ceramic machinery Heat Exchangers Integrated Steel Pla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rinting and book-binding machinery Pulp and Paper Mill machinery Railway electrification equipment and structures and railway signalling equipment. Railway rolling stock including locomotives, wagons, coaches and trolleys. Rubber machinery Road and construction equipment including road rollers, tar boilers, continuous batch plants, stone crushers, asphalt mixers, concrete mixers and vibrators. Ships, boats, trawlers, steamers, launches, barges. Solvent extraction machinery Spraying equipment Steam, diesel and petrol engines Steel fabrication for bridges, factories etc. Steel rails and railway track equipment including sleepers, fishplates, points and crossings. Steel shuttering and scaffolding materials Steel tanks ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cts. Ferrous/non-ferrous pipes, tubes, sheets, strips, foils, rods, wires, wire ropes Heating and cooling equipment including air conditioners, refrigerators, water coolers. Industrial rubber products including tyres and tubes, cots and aprons, conveyor belts, rubber rollers, hose pipes. Instruments for measurement, scientific survey and for surgical applications. Industrial fasteners, bearings, valves, gears and gaskets. X-ray and other electro-medical and other hospital equipments Office equipments including typewriters, calculators, duplicators, teleprinters. Metal and plastic furniture Hand tools, cutting tools, grinding wheels, moulds dies. Gas cylinders, fire fighting equipment, photographic equipment, helmets, inc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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