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Exim Bank's GoI supported Line of Credit of USD 15.13 million to the Government of Republic of Djibouti for financing Ali Sabieh Cement Project in the Republic of Djibouti.

Exim Bank s GoI supported Line of Credit of USD 15.13 million to the Government of Republic of Djibouti for financing Ali Sabieh Cement Project in the Republic of Djibouti. - FEMA - 03 - Dated:- 9-7-2015 - RBI/2015-16/121 A.P. (DIR Series) Circular N .....

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ent dated March 9, 2015 with the Government of Republic of Djibouti, for making available to the latter, a Line of Credit (LOC) of USD 15.13 million (USD Fifteen Million One Hundred and Thirty Thousand) for financing Ali Sabieh Cement Project in the .....

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purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, the goods and services including consultancy services of the value of at least 75% of the contract price shall be .....

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from June 5, 2015 and the date of execution of agreement is March 9, 2015. 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 .....

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me. 4. No agency commission is payable under the above LOC. However, if required, the exporter may use his own resources or utilize balances in his Exchange Earners Foreign Currency Account for payment of commission in free foreign exchange. Authoris .....

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