Exim Bank's Line of Credit (LOC) to USD 15 million to Eastern and Southern African Trade and Development Bank (PTA Bank)

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....ler Banks Madam / Sir, Exim Bank's Line of Credit (LOC) to USD 15 million to Eastern and Southern African Trade and Development Bank (PTA Bank) Export-Import Bank of India (Exim Bank) has concluded an agreement dated October 16, 2007 withEastern and Southern African Trade and Development Bank (PTA Bank), Kenya, making available to the latter a Line of Credit (LOC) for USD 15 million (USD 15 mil....

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....nths from the effective date). 3. Shipments under the credit will have to be declared on GR / SDF Forms as per instructions issued by Reserve Bank from time to time. 4. While no agency commission shall be payable in respect of exports financed under the above line of credit, Reserve Bank may consider on merit, requests for payment of commission up to a maximum extent of 5 per cent of the f.o.b.....