Exim Bank's Line of Credit of US $ 5 Million to Hatton National Bank Ltd. (HNB), Sri Lanka

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....Madam / Sirs, Exim Bank's Line of Credit of US $ 5 Million to Hatton National Bank Ltd. (HNB), Sri Lanka Export-Import Bank of India (Exim Bank) has concluded an agreement with Hatton National Bank Ltd. (HNB), Sri Lanka on February 12, 2003, making available to the latter, a line of credit (LOC) upto an aggregate sum of US $ 5 Million (U.S. Dollar five million only). The credit has become effect....

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....respect of goods exported and which require after-sales service. In such cases, commission will have to be paid in Sri Lanka only by deduction from the invoice of the relevant shipment and the reimbursable amount by the Exim Bank to the negotiating bank will be 90 per cent of the f.o.b. / c&f / c.i.f. value minus the commission paid. Approval for payment of commission should be obtained before the....