Exim Bank's Line of Credit of USD 62.95 million to the Government of the Republic of Senegal

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..... Export-Import Bank of India (Exim Bank) has entered into an Agreement dated September 17, 2014 with the Government of the Republic of Senegal for making available to the latter, a Line of Credit (LOC) of USD 62.95 million (USD Sixty two million nine hundred and fifty thousand) for financing eligible goods, machinery, equipment and services including consultancy services from India for the purpose .....

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..... 2015 and the date of execution of Agreement is September 17, 2014. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date of contract in the case of Project exports and 72 months (September 16, 2020) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have to .....

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..... e Complex, 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, (J K Pandey) General Manager Offi .....

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