Exim Bank's Line of Credit of USD 27 million to Government of Vietnam

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....port-Import Bank of India (Exim Bank) has concluded an agreement with the Government of the Socialist Republic of Vietnam on August 12, 2004 making available to the latter a Line of Credit (LOC) upto an aggregate sum of USD 27 Million (US Dollar twenty-seven million only). The credit agreement has become effective on November 1, 2004. The credit is available for financing export of capital goods, ....

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....o be paid in Vietnam only by deduction from the 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 export....