Exim Bank's Line of Credit of USD 82 million to the Government of the Republic of Congo

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..... rt Bank of India (Exim Bank) has entered into an Agreement dated June 27, 2014 with the Government of the Democratic Republic of Congo for making available to the latter, a Line of Credit (LOC) of USD 82 million (USD Eighty Two million) for financing eligible goods, Machinery, equipment and services including consultancy services from India for the purpose of financing completion of Ketende Hydro- .....

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..... une 27, 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 (June 26, 2020) 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 i .....

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..... 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 - Circular - Trade Notice - Public Noti .....

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