TMI BlogExim Bank’s Line of Credit of US$ 10 million to Vnesheconombank, Russia (VEB, The Bank for Foreign Economic Affairs of the USSR)X X X X Extracts X X X X X X X X Extracts X X X X ..... (VEB, The Bank for Foreign Economic Affairs of the USSR) on November 5, 2001, making available to the latter, a line of credit upto an aggregate sum of US$ 10 million (U.S. Dollar Ten Million only). The credit has become effective from January 30, 2002, and is available for financing Indian export of eligible goods (listed in the Annexure) and related services to buyers in the borrower's country i.e. the Russian Federation. The eligible goods will also include initial spares, drawings and designs together with services related thereto. The export of goods from India and their import into the borrower's country shall be subject to the laws and regulations in force in the concerned countries. 2. The broad terms and conditions of the credit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d by the International Chamber of Commerce (Publication No.500) and shall be irrevocable and if required by a seller, be also divisible and transferable. 4. Upon presentation of documents by the beneficiary to the negotiating bank, the negotiating bank shall pay to the beneficiary an amount being not more than 90 percent of f.o.b./c f/c.i.f. contract value, apportionable to the relative shipment, in equivalent Indian Rupee at the spot rate of exchange of the negotiating bank, provided the documents presented are in order and are in conformity with the relevant letter of credit. 5. Where negotiation has been effected without reserve, Exim Bank shall, upon receipt of the negotiating bank's written communication, reimburse the negotiating ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on GR/SDF Forms as usual. All copies of GR/SDF Forms should bear a prominent superscription reading 'Export under Exim Bank line of credit dated November 5, 2001, extended to Vnesheconombank, (VEB, The Bank for Foreign Economic Affairs of the USSR).' The number and date of this circular should be recorded in the space provided for. On receipt of full payment of the bills in the manner stated above, authorised dealer should certify the duplicate copy/ies of the relative GR/SDF Form/s and forward them to the concerned Regional Office of the Reserve Bank, in the usual manner. 11. No agency commission shall be payable in respect of exports financed under the above line of credit. However, Reserve Bank may consider on merit, requests for paym ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ories Control and Process Instruments including X-Ray equipment for Industrial Applications. Copper Ore concentration machinery Dairy equipment and animal feed plant Earth moving equipment like crawler tractors, shovels, excavators, loaders, dumpers etc. Edible Oil Mill machinery and oil expellers Electric motors and pumps Electronic Data Processing equipment Fertilizer plant and equipment Flour, rice and dal mill machinery Food processing plant Foundry equipment including mould making machinery, Sand and Shot blasting equipment Freight containers Garage equipment Gas and air separation plants Glass and Ceramic machinery Heat Exchangers Integrated Steel Plants (complete or in parts), mini steel plants (elec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... machinery Railway electrification equipment and structures and railway signalling equipment Railway rolling stock including locomotives, wagons, coaches and trolleys Rubber machinery Road and construction equipment including road rollers, tar boilers, continuous batch plants, stone crushers, asphalt mixers, concrete mixers and vibrators Ships, boats, trawlers, steamers, launches, barges Solvent extraction machinery Spraying equipment Steam, diesel and petrol engines Steel fabrication for bridges, factories etc. Steel rails and railway track equipment including sleepers, fishplates, points and crossings Steel shuttering and scaffolding materials Steel tanks Sugar (including Khandsari) machinery Tele-communication ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es, wire ropes Heating and cooling equipment including air conditioners, refrigerators, water coolers Industrial rubber products including tyres and tubes, cots and aprons, conveyor belts, rubber rollers, hose pipes Instruments for measurement, scientific survey and for surgical applications Industrial fasteners, bearings, valves, gears and gaskets X-ray and other electro-medical and other hospital equipments Office equipments including typewriters, calculators, duplicators, teleprinters Metal and plastic furniture Hand tools, cutting tools, grinding wheels, moulds dies Gas cylinders, fire fighting equipment, photographic equipment, helmets, including fibreglass helmets Any item of commodity and raw material that may be ..... X X X X Extracts X X X X X X X X Extracts X X X X
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