Project Autohrity Certificate and Denomination of the Foreign Currency

[Arti Gupta]

Sir(s)/Madame,

Customer has issued us the  Project Authority Certificate(PAC) for CIF content in ‘USD’ and ‘GBP’.

Is it possible to issue the Form I of the Appenidx 27 i.e PAC in any other foreign cureency such as ‘GBP’?Kindly quote the provisions also.

Thanks in advance.

AI Summary

Company Requests Project Authority Certificate in Euros; Clarification Issued on Currency Options for PAC Issuance A query was raised by a company regarding the issuance of a Project Authority Certificate (PAC) for a project with costs in USD and GBP. They inquired if the PAC could be issued in another foreign currency, specifically the Euro, and requested the relevant provisions. The response corrected the initial query to specify the Euro instead of GBP as the alternative currency in question.