Line of Credit financing supports exports to Andean region under L/C payment, inspection and reimbursement procedures. Exim Bank's line of credit finances Indian exports to specified Andean-region borrowers subject to Exim Bank's prior approval of contracts, U.S. dollar denomination, a contract minimum, buyer advance payment and balance under an irrevocable letter of credit. The facility finances a substantial proportion of the f.o.b./c.&f./c.i.f. value, requires pre-shipment inspection with an inspection certificate, permits negotiating banks to pay beneficiaries in Indian Rupees at spot rates against compliant documents, and provides for Exim Bank reimbursement in U.S. dollars upon prescribed communications; shipments must be declared on GR/SDF forms with specified superscription.
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Provisions expressly mentioned in the judgment/order text.
Line of Credit financing supports exports to Andean region under L/C payment, inspection and reimbursement procedures.
Exim Bank's line of credit finances Indian exports to specified Andean-region borrowers subject to Exim Bank's prior approval of contracts, U.S. dollar denomination, a contract minimum, buyer advance payment and balance under an irrevocable letter of credit. The facility finances a substantial proportion of the f.o.b./c.&f./c.i.f. value, requires pre-shipment inspection with an inspection certificate, permits negotiating banks to pay beneficiaries in Indian Rupees at spot rates against compliant documents, and provides for Exim Bank reimbursement in U.S. dollars upon prescribed communications; shipments must be declared on GR/SDF forms with specified superscription.
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