Exim Bank's Line of Credit of USD 45 million to the Government of the Socialist Republic of Vietnam

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....Banks Madam / Sir, Exim Bank's Line of Credit of USD 45 million to the Government of the Socialist Republic of Vietnam Export-Import Bank of India (Exim Bank) has concluded an Agreement dated January 8, 2008 with theGovernment of the Socialist Republic of Vietnam, making available to the latter, a Line of Credit (LOC) of USD 45 million (USD forty five million) for financing eligible goods....

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....he LOC is effective from February 18, 2008 and date of execution of Agreement is January 8, 2008. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(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 LOC will....