Exim Bank Government of India supported Line of Credit (LoC) of USD 40 million to the Government of the Togolese Republic

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....C) of USD 40 million to the Government of the Togolese Republic Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 23, 2021 with the Government of the Togolese Republic, for making available to the latter, Government of India supported Line of Credit (LoC) of USD 40 million (USD Forty million only) for the purpose of financing the project for electrification of 350....

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....r 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 utilize balances ....