Exim Bank's Line of Credit (LOC) of USD 10 million to Eastern and Southern African Trade and Development Bank (PTA Bank)

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit (LOC) of USD 10 million to Eastern and Southern African Trade and Development Bank (PTA Bank) Export-Import Bank of India (Exim Bank) has concluded an agreement dated October 9, 2006 withEastern and Southern African Trade and Development Bank (PTA Bank), Kenya, making available a Line of Credit (LOC) for USD 10 million (US .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 10 (42 months from the effective date). 3. Shipments under the credit will have to be declared on GR / SDF Forms as per instructions issued by Reserve Bank from time to time. 4. While no agency commission shall be payable in respect of exports financed under the above line of credit, Reserve Bank may consider, on merit, requests for payment of commission up to a maximum extent of 5 per cent o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... full payment of contract value subject to compliance of prevailing instructions on payment of agency commission. 5. AD Category - I banks may bring the contents of this circular to the notice of their exporter constituents and advise them to obtain full details of the Line of Credit from Exim Bank's office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005. 6. Th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X