Exim Bank's Line of Credit of USD 15 million to the Government of the Republic of Benin

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..... nk of India (Exim Bank) has concluded an Agreement dated October 19, 2009 with the Government of the Republic of Benin making available to the latter, a Line of Credit (LOC) of USD 15 million (USD Fifteen million) for financing eligible goods, machinery, equipment and services including consultancy services from India for the purpose of (a) purchase of railway equipment, (b) purchase of agricultur .....

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..... 10 and date of execution of Agreement is October 19, 2009. 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 (October 18, 2015) from the execution date of the Credit Agreement in case of supply contracts . 3. Shipments under the LOC will have to be declare .....

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..... arade, 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, Salim Gangadharan Chief General Manager-in-Charge - .....

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