Exim Bank's Line of Credit of USD 10 Million to Central Bank of Djibouti, Djibouti

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Djibouti, Djibouti Export-Import Bank of India (Exim Bank) has concluded an agreement with Central Bank of Djibouti, Djibouti on July 24, 2003 making available to the latter, a Line of Credit (LOC) upto an aggregate sum of USD 10 Million (U.S.Dollar ten million only). The Credit Agreement has become effective from January 14, 2004 and is available for financing export from India of Category 'A' ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ch cases, commission will have to be paid in Djibouti only by deduction from the invoice of the relevant shipment. 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 the payment of commission should be obtained from the Reserve Bank before the relevant shipment is effected. In other cases (i.e....