Exim Bank’s credit line of US$ 20 million to Korea Development Bank, South Korea

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....of eligible goods to South Korea. Goods eligible for export under the line of credit are indicated in the list annexed. Eligible goods also include raw materials, agricultural products, marine products, iron and steel products and software. 2. The broad terms and conditions of the uncommitted trade finance facility are as under: a. The facility has no last dates for utilisation and shall be available until further notice. Each party shall have the right to terminate the facility without prior notice at any time. b. The contract shall be expressed in US Dollars. c. No minimum amount for export of goods under the agreement has Been stipulated. 3. Under the above arrangement the Korea Development Bank will open a letter of credit favour....

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....s in the manner stated above, an authorised dealer should certify the duplicate copy/ies of the relative GR/SDF/SOFTEX Form/s and forward them to the concerned Regional Office of the Reserve Bank, in the usual manner. 6. Ordinarily, no agency commission shall be payable in respect of exports financed under the above facility. However, Reserve Bank of India may consider on merits, requests for payment of commission upto a maximum extent of 5 per cent of the f.o.b. value in respect of goods specified in the Annexure, which require after sales service. In such cases, commission will have to be paid in South Korea by deduction from the invoice value of the relevant shipment and the reimbursable amount by the Exim Bank to the claiming bank will....

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....ble Oil Mill machinery and oil expellers. * Electric motors and pumps * Electronic Data Processing equipment * Fertilizer plant and equipment * Flour, rice and dal mill machinery * Food processing plant * Foundry equipment including mould making machinery, Sand and Shot blasting equipment * Freight containers * Garage equipment * Gas and air separation plants * Glass and Ceramic machinery * Heat Exchangers * Integrated Steel Plants (complete or in parts), mini steel plants (electric arc and reduction furnaces). Re-heating and heat treatment furnaces, Rolling Mills and other finishing lines for ferrous and non-ferrous metals. * Ice-making machinery * Industrial boilers * Industrial furnaces * I....

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....s, coaches and trolleys. * Rubber machinery * Road and construction equipment including road rollers, tar boilers, continuous batch plants, stone crushers, asphalt mixers, concrete mixers and vibrators. * Ships, boats, trawlers, steamers, launches, barges. * Solvent extraction machinery * Spraying equipment * Steam, diesel and petrol engines * Steel fabrication for bridges, factories etc. * Steel rails and railway track equipment including sleepers, fishplates, points and crossings. * Steel shuttering and scaffolding materials * Steel tanks * Sugar (including Khandsari) machinery * Tele-communication and signalling equipment * Textile machinery * Tractors and Trailers * Vending machines * Wate....