Exim Bank's Government of India supported Line of Credit of USD 18 million to the Government of the Republic of Zambia

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....million to the Government of the Republic of Zambia Export-Import Bank of India (Exim Bank) has entered into an agreement dated January 12, 2018 with the Government of the Republic of Zambia for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 18 million (USD Eighteen million only) for the purpose of completion of balance work under the project for est....

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.... terminal utilization period is 60 months after the scheduled completion date of the project. 3. Shipments under the LoC shall be declared in Export Declaration Form as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable for export under the above LoC. However, if required, the exporter may use his own resources or utilize balances in his Exchang....