Exim Bank's Line of Credit of USD 5 million to Government of Lesotho

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..... of Lesotho The Export-Import Bank of India (Exim Bank) has concluded an agreement with the Government of Lesotho on October 12, 2004 making available to the latter a Line of Credit (LOC) upto an aggregate sum of USD 5 million (US Dollar five million only). The credit is available for financing export of capital goods, plant and machinery, industrial manufactures, consumer durables and any other .....

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..... in Lesotho only by deduction from the invoice of relevant shipment to agents in Lesotho only and the reimbursable amount by the Exim Bank to the negotiating bank will be 90 per cent of the f.o.b./c f/c.i.f. value minus the commission paid. Approval for the payment of commission should be obtained before the relevant shipment is effected. In other cases (i.e. exports not involving after sales serv .....

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