Exim Bank's Line of Credit of USD 25 million to the Government of the Republic of Mozambique

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..... (Exim Bank) has concluded an Agreement dated July 5, 2010 with the Government of the Republic of Mozambiquemaking available to the latter, a Line of Credit (LOC) of USD 25 million (USD twenty five million) for financing eligible goods and services including machinery, equipment and consultancy services from India for rural electrification of Cabo Delgado, Manica and Niassa Provinces in Mozambique. .....

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..... 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 (July 4, 2016) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have to be declared on GR / SDF Forms as per instructions issued by the Res .....

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