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

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.... USD 27 million to the Government of Senegal The Export-Import Bank of India (Exim Bank) has concluded an agreement with the Government of Senegal making available to the latter a Line of Credit (LOC) up to an aggregate sum of USD 27 Million (US Dollar Twenty Seven million only). The Credit Agreement has become effective on May 10, 2006. The credit is available for financing export of equipment....

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....free foreign exchange. Authorised Dealer banks may allow such remittance after realisation of full payment of contract value subject to compliance with the prevailing instructions on payment of agency commission. 5. Authorised Dealer banks may bring the contents of this circular to the notice of their exporter constituents and advise them to obtain full details of the Line of Credit from Exim B....