Exim Bank's Line of Credit for USD 8 million to Republic Bank, Trinidad and Tabago

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....change Madam / Sirs, Exim Bank's Line of Credit for USD 8 million to Republic Bank, Trinidad and Tabago The Export-Import Bank of India (Exim Bank) has concluded an agreement with Republic Bank, Trinidad and Tobago making available to the latter a Line of Credit (LOC) upto an aggregate sum of USD 8 million (US Dollar eight million only). The credit agreement has become effective from May 14, 2....

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....ent 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 obtained before the relevant shipment is effected. In other cases (i.e. exports not involving after sales service), if the exporter is required to pay agency commission, he will have to use his own resourc....