Exim Bank's Line of Credit (LOC) of USD 122 million to the Government of the Federal Democratic Republic of Ethiopia

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.... / Sir, Exim Bank's Line of Credit (LOC) of USD 122 million to the Government of the Federal Democratic Republic of Ethiopia Export-Import Bank of India (Exim Bank) has concluded an agreement dated October 04, 2007 with the Government of the Federal Democratic Republic of Ethiopia, making available to the latter, a Line of Credit (LOC) of USD 122 million (USD One hundred twenty two million only....

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.... LOC, the last date for opening Letters of Credit and disbursement will be 48 months from the scheduled completion dates(s) in case of project exports and 72 months from the execution date of the Credit Agreement in case of supply contracts. 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. No agency commiss....