Exim Bank's Line of Credit of USD 19 million to the Government of the Republic of Senegal

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..... ndia (Exim Bank) has entered into an Agreement dated December 19, 2012 with the Government of the Republic of Senegal, for making available to the latter, a Line of Credit (LOC) of USD 19 million (USD Nineteen million) for financing eligible goods, services, machinery and equipment including consultancy services from India for the purpose of financing of Fisheries Development Project in Republic o .....

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..... nder 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 (December 18, 2018) 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 .....

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..... india.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, (C. D. Srinivasan) Chief General Manager - Circular - Trade Notice - Public Notice - Instructions .....

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