Exim Bank of India Finalizes $180M Credit Line with Vietnam for Offshore Patrol Vessels, Effective Jan 2025

Export-Import Bank of India has agreed to a Government of India-supported Line of Credit of USD 180 million with the Government of Vietnam for the procurement of four Offshore Patrol Vessels. The agreement, effective from January 20, 2025, stipulates that eligible Indian goods and services may be exported under this line, adhering to India's Foreign Trade Policy. Disbursement must occur within 60 months post-project completion. No agency commission is payable for exports under this credit line, though exporters can use their own resources for such payments. Authorized banks should inform exporters and advise them to obtain detailed information from Exim Bank.

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