Export credit facility enables financing of eligible Indian exports to BCIE member countries under specified letter of credit terms. Exim Bank's line of credit to BCIE finances exports of listed eligible goods and related services to specified BCIE member countries. Contracts require prior Exim Bank approval, must be in U.S. dollars meeting a minimum contract size, and may be financed up to a specified portion of the f.o.b./c.&f./c.i.f. price. Buyers must pay an advance and the balance is paid pro rata against shipments under an irrevocable letter of credit subject to UCP (1994). Negotiating banks may pay beneficiaries in rupees and are reimbursed by Exim Bank in U.S. dollars when conditions are met.