Exim Bank's Government of India supported Line of Credit (LoC) of USD 7.29 million to the Government of Cooperative Republic of Guyana

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....ment of Cooperative Republic of Guyana Export-Import Bank of India (Exim Bank) has entered into an agreement dated September 29, 2021 with the Government of Cooperative Republic of Guyana, for making available to the latter, Government of India supported Line of Credit (LoC) of USD 7.29 million (USD Seven Million and Two Hundred Ninety Thousand Only) for the purpose of procuring and installing 30....

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....r 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 hi....