Line of credit governs export financing to Myanmar with approved contracts, letters of credit, reimbursement and documentation rules. The Government of India extended a line of credit to Myanmar to finance specified Indian capital goods, consultancy services and consumer durables on an f.o.b. basis covering 100 per cent of eligible contract value in U.S. dollars. Export contracts require prior approval by both Governments and must be forwarded to the Ministry of Finance; disbursements are to be made only under letters of credit opened by banks in Myanmar and advised to the State Bank of India, with a mandated reimbursement clause stating reimbursement by the State Bank of India from the credit and negotiability contingent on operative advice. Strict contractual and drawal deadlines, GR/SDF export documentation, limited agency commission rules, and penalties under FEMA are prescribed.