Line of Credit to foreign government enables export financing for designated projects with prescribed utilization and declaration rules. A sovereign Line of Credit is available to finance exports of equipment, goods and services for specified projects and other supply contracts, each subject to distinct utilization periods; shipments under the facility must be declared on GR/SDF forms; no agency commission is payable under the Line of Credit, though exporters may use their own resources or EEFC balances for commission payments subject to realization and existing instructions; Authorized Dealers must notify exporters and may permit remittances only after full contract value realization and compliance with applicable rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Line of Credit to foreign government enables export financing for designated projects with prescribed utilization and declaration rules.
A sovereign Line of Credit is available to finance exports of equipment, goods and services for specified projects and other supply contracts, each subject to distinct utilization periods; shipments under the facility must be declared on GR/SDF forms; no agency commission is payable under the Line of Credit, though exporters may use their own resources or EEFC balances for commission payments subject to realization and existing instructions; Authorized Dealers must notify exporters and may permit remittances only after full contract value realization and compliance with applicable rules.
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