Exim Bank's Line of Credit of USD 213.31 million to the Government of the Federal Democratic Republic of Ethiopia

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..... Export-Import Bank of India (Exim Bank) has concluded an Agreement dated December 1, 2010 with the Government of the Federal Democratic Republic of Ethiopia making available to the latter, a Line of Credit (LOC) of USD 213.31 million (USD two hundred thirteen million three hundred ten thousand) for financing eligible goods and services including machinery and equipment from India for the purpose o .....

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..... the date of execution of Agreement is December 1, 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 (November 30, 2016) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have to be dec .....

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..... ffe 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
Circular, Trade Notic .....

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