Exim Bank's Line of Credit of USD 16.88 million to the Government of the Republic of Gambia

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....of Gambia Export-Import Bank of India (Exim Bank) has concluded an Agreement dated October 19, 2012 with the Government of the Republic of Gambia, making available to the latter, a Line of Credit (LOC) of USD 16.88 million (USD sixteen million eight hundred and eighty thousand) for financing eligible goods, services, machinery and equipment including consultancy services from India for the purp....

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....d the date of execution of Agreement is October 19, 2012. 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 the case of project exports and 72 months (October 18, 2018) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have to be d....