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Line of Credit to a foreign government sets project finance allocations, utilisation windows, documentation and commission limits. A Line of Credit by Exim Bank to Guinea Bissau finances sectoral projects with specified allocations, effective March 2007, and prescribes utilisation windows of 48 months after project completion for project exports and 72 months for other supply contracts. Shipments must be declared on GR/SDF forms. Agency commission is not payable from the credit, though exporters may pay from own resources or EEFC balances after realisation, subject to remittance rules; Category I Authorised Dealer banks must inform exporters and permit compliant remittances.
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Provisions expressly mentioned in the judgment/order text.
Line of Credit to a foreign government sets project finance allocations, utilisation windows, documentation and commission limits.
A Line of Credit by Exim Bank to Guinea Bissau finances sectoral projects with specified allocations, effective March 2007, and prescribes utilisation windows of 48 months after project completion for project exports and 72 months for other supply contracts. Shipments must be declared on GR/SDF forms. Agency commission is not payable from the credit, though exporters may pay from own resources or EEFC balances after realisation, subject to remittance rules; Category I Authorised Dealer banks must inform exporters and permit compliant remittances.
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