Exim Bank's Lines of Credits of (i) USD 10 Mn. to Unibanco-Uniao De Bancos Brasileiros, S.A. and (ii) USD 56.358 Mn. to Myanma Foreign Trade Bank, Myanmar

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....I/2004-05/275 A.P. (DIR Series) Circular No. 27 November 11, 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Exim Bank's Lines of Credits of (i) USD 10 Mn. to Unibanco-Uniao De Bancos Brasileiros, S.A. and (ii) USD 56.358 Mn. to Myanma Foreign Trade Bank, Myanmar The Export-Import Bank of India (Exim Bank) has extended Lines of Credits (LOCs) of USD 10 million ( U....

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....OC to MFTB The credit agreement has become effective on September 29, 2004. The credit is available for financing export of equipment, machinery, goods and services from India relating to upgradation of the Yangon - Mandalay Railway System as also upgradation and maintenance of workshops and railway tracks in Myanmar whose purchase may be agreed to be financed by MFTB and Exim Bank. The last da....

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.... paid. Approval for the payment of commission should be obtained before the relevant shipment is effected. If the exporter is required to pay agency commission under LOC to MFTB or in cases not involving after sales service in respect of exports financed under LOC to Unibanco, he will have to use his own resources for such payments. 4. Authorised Dealer banks may bring the contents of this circ....