Exim Bank's Government of India supported Line of Credit (LOC) of USD 75 million to Banco Exterior De Cuba.

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....ment of India supported Line of Credit (LOC) of USD 75 million to Banco Exterior De Cuba Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 16, 2019 with Banco Exterior De Cuba (nominated agency of the Government of Cuba), for making available to the latter, Government of India supported Line of Credit (LoC) of USD 75 million (USD Seventy Five Million only) for the p....

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....ber 12, 2019. Under the LoC, the 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 uti....