Exim Bank's Line of Credit of USD 41.60 million to the Government of the Union of Comoros

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..... India (Exim Bank) has entered into an Agreement dated February 22, 2013 with the Government of the Union of Comoros, for making available to the latter, a Line of Credit (LOC) of USD 41.60 million (USD Forty one million and six hundred thousand only) for financing eligible goods, services, machinery and equipment including consultancy services from India for the purpose of financing the installat .....

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..... nd the date of execution of Agreement is February 22, 2013. 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 (February 21, 2019) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have to be .....

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..... plex, 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, (C. D. Srinivasan) Chief General Manager .....

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