Exim Bank's Line of Credit of USD 45 million to the Government of the Socialist Republic of Vietnam

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..... Bank's Line of Credit of USD 45 million to the Government of the Socialist Republic of Vietnam Export-Import Bank of India (Exim Bank) has concluded an Agreement dated January 8, 2008 with theGovernment of the Socialist Republic of Vietnam, making available to the latter, a Line of Credit (LOC) of USD 45 million (USD forty five million) for financing eligible goods and services, including cons .....

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..... ary 18, 2008 and date of execution of Agreement is January 8, 2008. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(s) in case of project exports and 72 months from the execution date of the Credit Agreement in case of supply contracts. 3. Shipments under the LOC will have to be declared on GR / SD .....

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..... Mumbai 400 005 or log on to www. eximbankindia.in. 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 are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Vinay Baijal) Chief General Manager - Circular - Trade Notice .....

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