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of <h1>Exim Bank of India Sets $10M Credit Line with Thailand for Export Financing; Prior Approval Required for Contracts.</h1> The Export-Import Bank of India has established a $10 million line of credit with the Export-Import Bank of Thailand to finance exports of eligible goods and services from India to Thailand. The agreement, effective May 30, 2000, requires Exim Bank's prior approval for contracts, covering up to 90% of the contract price, with a minimum contract value of $50,000. Payments are structured through an irrevocable letter of credit, with specific inspection and documentation requirements. The arrangement includes terms for reimbursement and liability, and outlines the responsibilities for bank charges and commissions. The circular provides a detailed list of eligible goods for financing.
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