Exim Bank's Line of Credit for USD 10 million to Bank TuranAlem, Kazakhstan

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.... To All Authorised Dealers in Foreign Exchange Madam/Sirs, Exim Bank's Line of Credit for USD 10 million to Bank TuranAlem, Kazakhstan The Export-Import Bank of India (Exim Bank) has concluded an agreement with Bank TuranAlem , Kazakhstan on February 27, 2004 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....

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....&f/c.i.f. value in respect of goods exported and which require after sales service. In such cases, commission will have to be paid in Kazakhstan 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 commission paid. Approval for the payment of commission should be obta....