Line of Credit terms permit export financing for a Mauritius sewerage project with specified LC and disbursement deadlines. A Line of Credit of US dollars ten million from Exim Bank to the Government of Mauritius finances eligible exports for the Baie du Tombeau Sewerage Project; the credit is effective from August 11, 2006, with Letters of Credit to be opened within 24 months and disbursement within 30 months. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use own funds or EEFC balances for commission after realisation, subject to prevailing rules; AD Category I banks must inform exporters and may facilitate remittances.
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 terms permit export financing for a Mauritius sewerage project with specified LC and disbursement deadlines.
A Line of Credit of US dollars ten million from Exim Bank to the Government of Mauritius finances eligible exports for the Baie du Tombeau Sewerage Project; the credit is effective from August 11, 2006, with Letters of Credit to be opened within 24 months and disbursement within 30 months. Shipments must be declared on GR/SDF forms. No agency commission is payable under the LOC, though exporters may use own funds or EEFC balances for commission after realisation, subject to prevailing rules; AD Category I banks must inform exporters and may facilitate remittances.
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