Exim Bank's Line of Credit (LOC) of USD 7.50 million to the Government of Jamaica

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..... e Government of Jamaica Export-Import Bank of India (Exim Bank) has concluded an agreement dated January 19, 2007 withtheGovernmentof Jamaica, making available to the latter, a Line of Credit (LOC) of USD 7.50 million (USD Seven million five hundred thousand only) to finance purchase of water pumps by National Water Commission, Jamaica which are eligible for export under the Foreign Trade Policy .....

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..... he above line of credit. However, if required, the exporter may use his own resources or utilise balances of his EEFC account for payment of commission in free foreign exchange. Authorised Dealer Category - I (AD Category - I) banks may allow such remittance after realisation of full payment of contract value subject to compliance of prevailing instructions on payment of agency commission. 5. AD .....

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