Exim Bank's Government of India supported Line of Credit of USD 27.5 million to the Government of the Republic of Suriname

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..... the Government of the Republic of Suriname Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 20, 2018 with the Government of the Republic of Suriname for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 27.5 million (USD Twenty seven million and five hundred thousand only) for the purpose of financing up-gradation of tr .....

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..... rminal utilization period is 60 months after the scheduled completion date of the project. 3. Shipments under the LoC shall be declared in Export Declaration Form as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable for export under the above LoC. However, if required, the exporter may use his own resources or utilize balances in his Exchange E .....

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