Exim Bank's Line of Credit for USD 50 million to Government of Sudan

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....nk of India (Exim Bank) has concluded an agreement with the Government of Sudan on January 19, 2004, making available to the latter a Line of Credit (LOC) upto an aggregate sum of USD 50 million (U.S.Dollar fifty million only). The credit agreement has become effective from June 4, 2004. The credit is available for financing export of capital goods, plant and machinery, industrial manufactures, co....

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....e invoice of 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 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 ....