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

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....ed Dealer Banks Madam / Sir, Exim Bank's Line 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 ....

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....m June 15, 2009 and date of execution of Agreement is February 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....