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of <h1>Exim Bank of India Establishes $10M Credit Line with PTA Bank to Boost Indian Exports to Africa.</h1> Exim Bank of India has established a US$ 10 million line of credit with the Eastern and Southern African Trade and Development Bank (PTA Bank) effective from September 18, 2002. This credit supports the financing of exports from India to PTA Bank member countries, covering eligible goods and services. Contracts require Exim Bank approval and must meet specific criteria, including a minimum contract value of US$ 50,000 and advance payments. The credit terms involve payment through irrevocable letters of credit, with inspections and documentations required. The credit is subject to specific terms, with terminal dates for opening letters of credit and utilization set for 2004.
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