Exim Bank's Line of Credit of USD 30 million to the Government of the Republic of Togo

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..... Bank of India (Exim Bank) has entered into an Agreement dated June 20, 2014 with the Government of the Republic of Togo for making available to the latter, a Line of Credit (LOC) of USD 30 million (USD Thirty million) for financing eligible goods, machinery, equipment and services including consultancy services (including Preparation of Detailed Project Report) from India for the purpose of finan .....

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..... and the date of execution of Agreement is June 20, 2014. 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 (June 19, 2020) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have to be decla .....

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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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