Exim Bank's Line of Credit of USD 100 million to the Government of the Democratic Socialist Republic of Sri Lanka

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.... Sir, Exim Bank's Line of Credit of USD 100 million to the Government of the Democratic SocialistRepublic of Sri Lanka Export-Import Bank of India (Exim Bank) has concluded an Agreement dated July 23 ,2008 with the Government of the Democratic Socialist Republic of Sri Lanka making available to the latter, a Line of Credit (LOC) of USD 100 million (USD one hundred million ) for upgradation of ra....

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....der 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 ( July 22, 2014) from the execution date of the Credit Agreement in case of supply contracts . 3. Shipments under the LOC will have to be declared on GR / SDF Forms as per instructions issued by Reserve Bank fr....