Exim Bank's Line of Credit (LOC) of USD 20 million to Myanma Foreign Trade Bank, Myanmar

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....of Credit (LOC) of USD 20 million to Myanma Foreign Trade Bank, Myanmar Export-Import Bank of India (Exim Bank) has concluded an Agreement dated February 17, 2009 with Myanma Foreign Trade Bank, Myanmar making available to the latter, a line of Credit (LOC) of USD 20 million (USD twenty million) for financing eligible goods and services including consultancy services from India for up-gradation o....

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.... 17, 2009. 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 (February 16, 2015) 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 b....