Exim Bank's Line of Credit of USD 20 million to Government of the Republic of Mozambique

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..... of Credit of USD 20 million to Government of the Republic of Mozambique Export-Import Bank of India (Exim Bank) has concluded an Agreement dated May 15, 2008 with the Government of the Republic of Mozambique making available to the latter, a Line of Credit (LOC) of USD 20 million (USD Twenty million), for financing eligible goods and services including consultancy services from India r .....

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..... of execution of Agreement is May 15, 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 (May 14, 2014) 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 / SDF Forms a .....

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..... 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, <!-- deferred payment protocols (circular no. 195)--><!-- Exim Bank .....

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