Exim Bank's Line of Credit of USD 30 million to the African Export-Import Bank (Afreximbank)

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..... Line of Credit of USD 30 million to the African Export-Import Bank (Afreximbank) Export-Import Bank of India (Exim Bank) has concluded an Agreement dated March 20, 2008 with the African Export-Import Bank (Afreximbank), making available to the latter, a Line of Credit (LOC) of USD 30 million (USD thirty million ) to facilitate purchase of capital and engineering goods, industrial manufa .....

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..... contracts . 3.Shipments under the LOC 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 of the f.o.b./ c f /c.i.f. value .....

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..... s 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 or log on to www. eximbankindia. in. 6.The Directions contained in this circular have .....

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