Exim Bank's Line of Credit of USD 5 million to the Government of the Republic of Senegal

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..... port-Import Bank of India (Exim Bank) has concluded an Agreement dated March 15, 2010 with the Government of the Republic of Senegal making available to the latter, a Line of Credit (LOC) of USD 5 million (USD five million) for financing eligible goods and services including machinery, equipment and consultancy services from India for the purpose of financing supply of medical equipments, furnitur .....

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..... d the date of execution of Agreement is March 15, 2010. 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 the case of project exports and 72 months (March 14, 2016) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have to be declar .....

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..... x, Cuffe Parade, 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, (G. Jaganmohan Rao) Chief General Manager - Circ .....

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