Exim Bank's Line of Credit of USD 10 million to the Government of the Republic of Djibouti

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....am / Sir, Export-Import Bank of India (Exim Bank) has concluded an Agreement dated April 13, 2007 withthe Government of the Republic of Djibouti making available to the latter, a Line of Credit (LOC) of USD 10 million (USD ten million) for financing eligible goods and services including consultancy services from India for setting up a cement plant in Djibouti. The goods and services including c....

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....ning 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 ( April 12, 2013 ) 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 from time to time. 4. No agenc....