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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.... 12, 2007 To All Category - I Authorised Dealer 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 th....

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....and terminal date for disbursements will be May 15, 2011 (42 months 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 paymen....

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....lisation of full payment of contract value subject to compliance of prevailing instructions on payment of agency commission. 5. AD Category - I 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 Bank's office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400....