Exim Bank's Government of India supported Line of Credit (LoC) of USD 20.51 million to the Government of the Republic of Guinea

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....f the Republic of Guinea Export-Import Bank of India (Exim Bank) has entered into an agreement dated September 29, 2020 with the Government of the Republic of Guinea, for making available to the latter, Government of India supported Line of Credit (LoC) of USD 20,506,000 (USD Twenty Million, Five Hundred Six Thousand only) for the purpose of financing the project for construction and up-gradation....

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.... the LoC, the terminal utilization period is 60 months from 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....