Exim Bank's GoI supported Line of Credit of USD 100 million to the Government of Socialist Republic of Vietnam for financing supply of High Speed Patrol Vessel.

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..... redit of USD 100 million to the Government of Socialist Republic of Vietnam Export-Import Bank of India (Exim Bank) has entered into an Agreement dated September 15, 2014 with the Government of Socialist Republic of Vietnam, for making available to the latter, a Line of Credit (LOC) of USD 100 million (USD One Hundred million) for financing supply of High Speed Patrol Vessel to the Socialist .....

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..... Agreement is September 15, 2014. Under the LOC, the last date for opening of letters of credit and disbursement will be 48 months from the scheduled completion date of contract in the case of project exports and September 14, 2020 (72 months from the execution date of the Credit Agreement) in the case of other supply contracts. 3. Shipments under the LOC will have to be declared on EDF/ SDF Fo .....

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..... mbai 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, (B. P. Kanungo) Principal Chief General Manager - Circu .....

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