Exim Bank's Line of Credit of USD 30 million to the Government of the Republic of Malawi

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....ler Banks Madam / Sir, Exim Bank's Line of Credit of USD 30 million to the Government of the Republic of Malawi Export-Import Bank of India (Exim Bank) has concluded an Agreement dated May 14, 2008 with the Government ofthe Republic of Malawi, making available to the latter, a Line of Credit (LOC) of USD 30 million (USD thirty million) for financing eligible goods and services including c....

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....er the LOC is effective from October 31, 2008 and date of execution of Agreement is May 14, 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 (May 13, 2014) from the execution date of the Credit Agreement in case of supply contracts. 3. Shipments und....