Exim Bank's Government of India supported Line of Credit of USD 10 million (as first tranche out of USD 50 million) to the Government of Republic of Seychelles

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....(as first tranche out of USD 50 million) to the Government of Republic of Seychelles Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 25, 2018 with the Government of Republic of Seychelles for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 10 million (USD Ten Million only) as the first tranche out of USD 50 million (USD ....

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....fective from June 24, 2019. Under the LOC, the terminal utilization period is 48 months after the scheduled completion date of the project and 72 months from execution of the LoC Agreement in case of supply contracts 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 expo....