Exim Bank's Line of Credit to USD 10 million to the Banco de Comercio Exterior de Colombia S.A. (Bancoldex), Colombia

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..... nks Madam / Sir, Exim Bank's Line of Credit to USD 10 million to the Banco de Comercio Exterior de Colombia S.A. (Bancoldex), Colombia The Export-Import Bank of India (Exim Bank) has concluded an agreement dated August 31, 2006 with Banco de Comercio Exterior de Colombia S.A. (Bancoldex), Republic of Colombia, making available to the latter, a Line of Credit (LOC) for USD 10 million (US .....

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..... under the above line of credit, Reserve Bank may consider, on merit, requests for payment of commission upto a maximum extent of 5 per cent of the f.o.b. / c f / c.i.f. value in respect of goods exported and which require after sales service. In such cases, commission will have to be paid in Republic of Colombia only, by deduction from the invoice of relevant shipment and the reimbursable amount b .....

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..... Line of Credit from Exim Bank's office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005. 6. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and is without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, .....

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