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.

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..... d Line of Credit of USD 15.13 million to the Government of Republic of Djibouti Export-Import Bank of India (Exim Bank) has entered into an agreement 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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..... 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 and March 8, 2021 (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 Forms as .....

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..... 0 005 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, (A. K. Pandey) Chief General Manager - Circular - Trade .....

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