Exim Bank's Line of Credit of USD 41.96 million to the Government of the Republic of Senegal

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..... k) has entered into an Agreement dated December 06, 2013 with the Government of the Republic of Senegal for making available to the latter, a Line of Credit (LOC) of USD 41.96 million (USD Forty one million and nine hundred and sixty thousand) for financing eligible goods, machinery, equipment and services including consultancy services from India for the purpose of financing purchase of setting u .....

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..... LOC is effective from June 25, 2014 and the date of execution of Agreement is December 06, 2013. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(s) in the case of project exports and 72 months (December 05, 2019) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shi .....

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..... , Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005 or log on to www.eximbankindia.in. 6. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (C. D. Srinivasan) Chief .....

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