Fund-Based Facilities

Lines Of Credit
 General Guidelines on Exim Lines of credit

Introduction

Exim Bank extends lines of credit to overseas governments/agencies nominated by them or financial institutions overseas to enable buyers in those countries to import capital/engineering goods, industrial manufactures and related services from India on deferred payment terms. This facility enables importers in those countries to import from India on deferred credit terms as per the terms and conditions already negotiated between Exim Bank and the overseas agency. The Indian exporters can obtain payment of eligible value from Exim Bank against negotiation of shipping documents, without recourse to them.

Features

The lines of credit are denominated in convertible foreign currencies or Indian Rupees and extended to sovereign governments/agencies nominated by them or financial institutions. Such governments/agencies/institutions are the borrowers and Exim Bank the lender. Terms and conditions of different lines of credit are varying and details in respect of each line of credit can be obtained from Exim Bank. It would need to be ascertained from time to time that the lines of credit have come into effect and uncommitted balance is still available for utilisation. Indian exporters also need to ascertain the quautum of service fees payable to Exim Bank on account of prorata export credit insurance premium and / or interest rate differential cost that they can then paid up in their prices to their importers

How it works

  • The buyer arranges to obtain allocation of funds under the credit line from the borrower. The exporter then enters into contract with the buyer, for the eligible items covered under the line of credit. The contracts would need to conform to the basic terms and conditions of the respective credit lines. (Particulars of effective lines of credit are available separately).

  • The delivery period stipulated in the contracts should be such that credit can be drawn from Exim Bank within the terminal disbursement date stipulated under the respective line of credit agreements. Also, all contracts should provide for pre-shipment inspection by the buyer or agent nominated by buyer.

  • The buyer arranges to comply with procedural formalities as applicable in his country and then submits the contract to the borrower for approval. The borrower in turn forwards copies of the contract to Exim Bank for approval.

  • Exim Bank advises approval of the contract to the borrower, with copy to exporter, indicating approval number, eligible contract value, last date for disbursement, and other conditions subject to which approval is granted.

  • The Buyer, on advice from the borrower, establishes an irrevocable sight letter of credit(L/C). A single L/C is to be opened, covering the full eligible value of the contract including, freight and/or insurance as laid down in the contract.

  • The letter of credit is advised through a bank in India designated by Exim Bank.

  • Exporter ships the goods covered under the contract and presents documents for negotiation to the designated bank. The Bank forwards negotiated documents to the buyer.

  • On receipt of clean non-negotiable set of shipment documents along with the relative invoices, inspection certificate and a certificate that documents negotiated are as per terms of L/C and without reserve from the negotiating bank and after having satisfied itself, that all formalities have been complied with in conformity with the terms of the Credit Agreement, Exim Bank reimburses the eligible value of shipment in equivalent rupees at spot exchange rate to the negotiating bank for payment to the exporter.

  • Exim Bank debits the borrower's account and arranges to collect interest and principal receivable on due dates as per the terms of the line of credit agreement between Exim Bank and the borrower.

It may be noted:

  • Any bank charges, commission expenses payable in India as also pro-rata export credit insurance premium and / or interest rate differential cost, as may be applicable shall be to the account of the exporter. The exporter is advised to ascertain from EXIM Bank the amount service fee payable by the exporter, before entering into commercial contract with the overseas buyer.

  • Exim Bank will not be liable to pay interest for the period between dates of negotiation and actual reimbursement from EXIM Bank.

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Particulars of the Line of Credit to
Seychelles Marketing Board(SMB), Seychelles

Purpose of Credit : To Finance Exports from India to Seychelles
Name and Address of the Borrower : Seychelles Marketing Board Latanier House,
Latanier Road
P.O. Box 634
MaheSeychelles
Tel : 00 248 285000
Fax: 00 248 224735
Attention: Imports Section
Currency of the Contract : US$
Minimum Contract Value : US$ 50,000
Advance Payment : 10% of FOB/CFR/CIF Contract Value
Payment out of Exim Credit : 90% of FOB/CFR/CIF Contract Value
Amount of Credit : US$ 5 Million
Date of Credit Agreement : November 25, 2002
Effective Date of Credit Agreement : December 5, 2002
Last Date for :
Opening L/C : June 4, 2004
Disbursements : December 4, 2004
Service Fee Payable by the Exporter : Exporters should check with Exim Bank, in advance, before finalising the contract with the buyers, details of service fee and other charges payable by the exporters on the contract to be covered under the above Line of Credit.
Eligible Items underthe Credit Line :
  1. Category 'A' & 'B' goods
  2. Any other item including raw materials and commodities that might be agreed upon between Exim Bank and Seychelles Marketing Board, Seychelles.
N.B.: Exporters may also refer to General Guidelines on Exim Bank Lines of Credit

List of Eligible Goods for Finance out of the Credit

PART A

1.Air compressors.
2.Air conditioning, heating, cooling, fume extraction, dust collection, humidification and ventilation equipment for industrial use including blowers and exhaust fans.
3.Alcohol and brewery plant.
4.Aluminium plant and equipment.
5.Asbestos cement machinery.
6.Cement machinery.
7.Cinematographic equipment for motion picture and television studios.
8.Chemical and pharmaceutical plant and machinery.
9.Cigarette making machinery.
10.Coffee processing machinery.
11.Coke oven plant and equipment.
12.Coke oven refractories.
13.Control and Process Instruments including X-Ray equipment for Industrial Applications.
14.Copper Ore concentration machinery.
15.Dairy equipment and animal feed plant.
16.Earth moving equipment like crawler tractors, shovels, excavators, loaders, dumpers etc.
17.Edible Oil Mill machinery and oil expellers.
18.Electric motors and pumps.
19.Electronic Data Processing equipment.
20.Fertilizer plant and equipment.
21.Flour, rice and dal mill machinery.
22.Food processing plant.
23.Foundry equipment including mould making machinery, Sand and Shot blasting equipment.
24.Freight containers.
25.Garage equipment.
26.Gas and air separation plants.
27.Glass and Ceramic machinery.
28.Heat Exchangers.
29.Integrated Steel Plants (complete or in parts), mini steel plants (electric arc and reduction furnaces). Re-heating and heat treatment furnaces, Rolling Mills and other finishing lines for ferrous and non-ferrous metals.
30.Ice-making machinery.
31.Industrial boilers.
32.Industrial furnaces.
33.Industrial switchboards, Control panels, circuit breakers, air break switches.
34.Jute machinery.
35.Leather tanning and processing machinery.
36.Machine tools.
37.Machinery for manufacturing air conditioners, bicycles, corks, electrical goods, enamel-ware, hard board, metal containers, radios, razor blades, refractories and bricks, sewing machines, shoes, steel furniture, wire-ropes and cables etc.
38.Machinery for manufacturing any product figuring in Part B of this List, not specified separately in this Part.
39.Material handling equipment like fork lifts, electric lifts, cranes, hoists etc. and conveyor systems.
40.Metal working machinery.
41.Mining machinery.
42.Motor vehicles and chassis, including three-wheelers.
43.Oil drilling rigs.
44.Oil refinery equipment.
45.Packaging and weighing machinery.
46.Pile foundation machinery.
47.Plastic machinery.
48.Power generation, transmission and distribution equipment including boilers, generators, transformers, switchgears, transmission line towers, conductors, cables, sub-station equipment and protective equipment.
49.Power line carrier communication equipment.
50.Power station structures, hydraulic structures like penstocks, gates and gearings, sub-station structures.
51.Pressure vessels.
52.Printing and book-binding machinery.
53.Pulp and Paper Mill machinery.
54.Railway electrification equipment and structures and railway signalling equipment.
55.Railway rolling stock including locomotives, wagons, coaches and trolleys.
56.Refractories for use in hot blast stoves, hot blast main and bustle pipes and blast furnace proper.
57.Rubber machinery.
58.Road and construction equipment including road rollers, tar boilers, continuous batch plants, stone crushers, asphalt mixers, concrete mixers and vibrators.
59.Ships, boats, trawlers, steamers, launches, barges.
60.Solvent extraction machinery.
61.Spraying equipment.
62.Steam, diesel and petrol engines.
63.Steel fabrication for bridges, factories etc.
64.Steel rails and railway track equipment including sleepers, fishplates, points and crossings.
65.Steel shuttering and scaffolding materials.
66.Steel tanks.
67.Sugar (including Khandsari) machinery.
68.Tele-communication and signalling equipment.
69.Textile machinery.
70.Tractors and Trailers.
71.Vending machines.
72.Water supply equipment including pumping plant, large diameter fabricated steel pipes, C.I. spun pipes and storage tanks, water treatment and sewage treatment plant.
73.Weigh bridges.
74.Welding machinery.
75.Wood working machinery.

PART B

1.Agricultural implements.
2.Auto parts.
3.Bicycles, motorcycles, scooters, mopeds and parts.
4.Construction materials including sanitaryware, tiles and precast cement products, false ceiling, flooring materials, pipes, decorative laminates, fittings, electricals and steel/ aluminium doors and windows, provided they are exported as separate items and not as items forming part of civil construction/ turnkey projects.
5.Agricultural chemicals and industrial chemicals.
6.Pressure cookers, watches and clocks, knitting/ sewing machines, vacuum flasks, cutlery, plastic moulded luggage.
7.Domestic electric appliances.
8.Drugs and Pharmaceuticals.
9.Electrical equipment including low tension insulators, batteries and accumulators, parts of electrical machinery and lamps, fuses and electrodes for industrial application.
10.Electronic components.
11.Electronic goods including radios, TV, public address systems, record players, tape recorders.
12.Fibreglass, PVC & plastics based products including pipes and tubes, tyre cord.
13.Ferrous/ non ferrous castings, forgings, stampings, extrusions and rolled products.
14.Ferrous/ non-ferrous pipes, tubes, sheets, strips, foils, rods, wires, wire ropes.
15.Heating and cooling equipment including air conditioners, refrigerators, water coolers.
16.Industrial rubber products including tyres and tubes, cots and aprons, conveyor belts, rubber rollers, hose pipes.
17.Instruments for measurement, scientific survey and for surgical applications.
18.Industrial fasteners, bearings, valves, gears and gaskets.
19.X-ray and other electro-medical and other hospital equipments.
20.Office equipments including typewriters, calculators, duplicators, teleprinters.
21.Metal and plastic furniture.
22.Hand tools, cutting tools, grinding wheels, moulds dies.
23.Gas cylinders, fire fighting equipment, photographic equipment, helmets, including fibreglass helmets.
24.Any item not included in Part 'B' above that might be agreed upon between Exim Bank and Borrower.

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Particulars of the Line of Credit to
Vneshtorgbank (Bank For Foreign Trade), Russian Federation

Purpose of Credit : To Finance Exports from India to Russia
Name and Address of the Borrower : Vneshtorgbank (Bank for Foreign Trade)
16, Kuznetsky Most Moscow,
107996 Russia
Tel : 00 7 095 785 5073 or 69
Fax: 00 7 095 785 5070 or 46
Attention: Senior Manager - Financial Institutions Group
Currency of the Contract : US$
Minimum Contract Value : US$ 50,000
Advance Payment : 10% of FOB/CFR/CIF Contract Value
Payment out of Exim Credit : 90% of FOB/CFR/CIF Contract Value
Amount of Credit : US$ 25 Million
Date of Credit Agreement : July 3, 2002
Effective Date of Credit Agreement : November 14, 2002
Last Date for :
Opening L/C : November 13, 2003
Disbursements : May 13, 2004
Service Fee Payable by the Exporter : Exporters should check with Exim Bank, in advance, before finalising the contract with the buyers, details of service fee and other charges payable by the exporters on the contract to be covered under the above Line of Credit.
Eligible Items underthe Credit Line :
  1. Category 'A' & 'B' goods
  2. Any other item including raw materials and commodities that might be agreed upon between Exim Bank and Vneshtorgbank.
N.B.: Exporters may also refer to General Guidelines on Exim Bank Lines of Credit

List of Eligible Goods for Finance out of the Credit

PART A

1.Air compressors.
2.Air conditioning, heating, cooling, fume extraction, dust collection, humidification and ventilation equipment for industrial use including blowers and exhaust fans.
3.Alcohol and brewery plant.
4.Aluminium plant and equipment.
5.Asbestos cement machinery.
6.Cement machinery.
7.Cinematographic equipment for motion picture and television studios.
8.Chemical and pharmaceutical plant and machinery.
9.Cigarette making machinery.
10.Coffee processing machinery.
11.Coke oven plant and equipment.
12.Coke oven refractories.
13.Control and Process Instruments including X-Ray equipment for Industrial Applications.
14.Copper Ore concentration machinery.
15.Dairy equipment and animal feed plant.
16.Earth moving equipment like crawler tractors, shovels, excavators, loaders, dumpers etc.
17.Edible Oil Mill machinery and oil expellers.
18.Electric motors and pumps.
19.Electronic Data Processing equipment.
20.Fertilizer plant and equipment.
21.Flour, rice and dal mill machinery.
22.Food processing plant.
23.Foundry equipment including mould making machinery, Sand and Shot blasting equipment.
24.Freight containers.
25.Garage equipment.
26.Gas and air separation plants.
27.Glass and Ceramic machinery.
28.Heat Exchangers.
29.Integrated Steel Plants (complete or in parts), mini steel plants (electric arc and reduction furnaces). Re-heating and heat treatment furnaces, Rolling Mills and other finishing lines for ferrous and non-ferrous metals.
30.Ice-making machinery.
31.Industrial boilers.
32.Industrial furnaces.
33.Industrial switchboards, Control panels, circuit breakers, air break switches.
34.Jute machinery.
35.Leather tanning and processing machinery.
36.Machine tools.
37.Machinery for manufacturing air conditioners, bicycles, corks, electrical goods, enamel-ware, hard board, metal containers, radios, razor blades, refractories and bricks, sewing machines, shoes, steel furniture, wire-ropes and cables etc.
38.Machinery for manufacturing any product figuring in Part B of this List, not specified separately in this Part.
39.Material handling equipment like fork lifts, electric lifts, cranes, hoists etc. and conveyor systems.
40.Metal working machinery.
41.Mining machinery.
42.Motor vehicles and chassis, including three-wheelers.
43.Oil drilling rigs.
44.Oil refinery equipment.
45.Packaging and weighing machinery.
46.Pile foundation machinery.
47.Plastic machinery.
48.Power generation, transmission and distribution equipment including boilers, generators, transformers, switchgears, transmission line towers, conductors, cables, sub-station equipment and protective equipment.
49.Power line carrier communication equipment.
50.Power station structures, hydraulic structures like penstocks, gates and gearings, sub-station structures.
51.Pressure vessels.
52.Printing and book-binding machinery.
53.Pulp and Paper Mill machinery.
54.Railway electrification equipment and structures and railway signalling equipment.
55.Railway rolling stock including locomotives, wagons, coaches and trolleys.
56.Refractories for use in hot blast stoves, hot blast main and bustle pipes and blast furnace proper.
57.Rubber machinery.
58.Road and construction equipment including road rollers, tar boilers, continuous batch plants, stone crushers, asphalt mixers, concrete mixers and vibrators.
59.Ships, boats, trawlers, steamers, launches, barges.
60.Solvent extraction machinery.
61.Spraying equipment.
62.Steam, diesel and petrol engines.
63.Steel fabrication for bridges, factories etc.
64.Steel rails and railway track equipment including sleepers, fishplates, points and crossings.
65.Steel shuttering and scaffolding materials.
66.Steel tanks.
67.Sugar (including Khandsari) machinery.
68.Tele-communication and signalling equipment.
69.Textile machinery.
70.Tractors and Trailers.
71.Vending machines.
72.Water supply equipment including pumping plant, large diameter fabricated steel pipes, C.I. spun pipes and storage tanks, water treatment and sewage treatment plant.
73.Weigh bridges.
74.Welding machinery.
75.Wood working machinery.

PART B

1.Agricultural implements.
2.Auto parts.
3.Bicycles, motorcycles, scooters, mopeds and parts.
4.Construction materials including sanitaryware, tiles and precast cement products, false ceiling, flooring materials, pipes, decorative laminates, fittings, electricals and steel/ aluminium doors and windows, provided they are exported as separate items and not as items forming part of civil construction/ turnkey projects.
5.Agricultural chemicals and industrial chemicals.
6.Pressure cookers, watches and clocks, knitting/ sewing machines, vacuum flasks, cutlery, plastic moulded luggage.
7.Domestic electric appliances.
8.Drugs and Pharmaceuticals.
9.Electrical equipment including low tension insulators, batteries and accumulators, parts of electrical machinery and lamps, fuses and electrodes for industrial application.
10.Electronic components.
11.Electronic goods including radios, TV, public address systems, record players, tape recorders.
12.Fibreglass, PVC & plastics based products including pipes and tubes, tyre cord.
13.Ferrous/ non ferrous castings, forgings, stampings, extrusions and rolled products.
14.Ferrous/ non-ferrous pipes, tubes, sheets, strips, foils, rods, wires, wire ropes.
15.Heating and cooling equipment including air conditioners, refrigerators, water coolers.
16.Industrial rubber products including tyres and tubes, cots and aprons, conveyor belts, rubber rollers, hose pipes.
17.Instruments for measurement, scientific survey and for surgical applications.
18.Industrial fasteners, bearings, valves, gears and gaskets.
19.X-ray and other electro-medical and other hospital equipments.
20.Office equipments including typewriters, calculators, duplicators, teleprinters.
21.Metal and plastic furniture.
22.Hand tools, cutting tools, grinding wheels, moulds dies.
23.Gas cylinders, fire fighting equipment, photographic equipment, helmets, including fibreglass helmets.
24.Any item not included in Part 'B' above that might be agreed upon between Exim Bank and Borrower.

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Particulars of the Line of Credit to
Banco Bradesco S.A., Brazil

Purpose of Credit : To Finance Exports from India to Brazil
Name and Address of the Borrower : Banco Bradesco S.A.
International Department
Head Office
Caixa Postal 1250
Sco Paulo, S. P.
Brazil
Tel : (55-11) 2359449
Fax: (55-11) 2359161
Amount of Credit : US$ 10 million
Date of Credit Agreement: December 14, 2001
Effective Date of Credit Agreement: May 13, 2002
Last date for Opening L/C : May 12, 2003
Disbursement : November 12, 2003
Currency of the Contract : US Dollars
Minimum contract value : US$ 50,000
Advance Payment : 10% of FOB/CFR/CIF Contract Value
Payment out of Exim Credit: 90% of FOB/CFR/CIF Contract Value
Service Fees
Payable by the Exporter 		:Exporters should check with Exim Bank, in advance, before finalising the contract with the buyers, details of service fee payable by the exporters on the contract to be covered under the above Line of Credit.
Eligible items under the Credit Line :(I) Category 'A' & 'B' goods (Illustrative lists enclosed)
(II) Any other item including raw materials and commodities that might be agreed upon between Exim Bank and Banco Bradesco.

N.B: Exporters may also refer to General Guidelines on Exim Bank Lines of Credit

List of Eligible Goods for Finance out of the Credit

PART A

1.Air compressors.
2.Air conditioning, heating, cooling, fume extraction, dust collection, humidification and ventilation equipment for industrial use including blowers and exhaust fans.
3.Alcohol and brewery plant.
4.Aluminium plant and equipment.
5.Asbestos cement machinery.
6.Cement machinery.
7.Cinematographic equipment for motion picture and television studios.
8.Chemical and pharmaceutical plant and machinery.
9.Cigarette making machinery.
10.Coffee processing machinery.
11.Coke oven plant and equipment.
12.Coke oven refractories.
13.Control and Process Instruments including X-Ray equipment for Industrial Applications.
14.Copper Ore concentration machinery.
15.Dairy equipment and animal feed plant.
16.Earth moving equipment like crawler tractors, shovels, excavators, loaders, dumpers etc.
17.Edible Oil Mill machinery and oil expellers.
18.Electric motors and pumps.
19.Electronic Data Processing equipment.
20.Fertilizer plant and equipment.
21.Flour, rice and dal mill machinery.
22.Food processing plant.
23.Foundry equipment including mould making machinery, Sand and Shot blasting equipment.
24.Freight containers.
25.Garage equipment.
26.Gas and air separation plants.
27.Glass and Ceramic machinery.
28.Heat Exchangers.
29.Integrated Steel Plants (complete or in parts), mini steel plants (electric arc and reduction furnaces). Re-heating and heat treatment furnaces, Rolling Mills and other finishing lines for ferrous and non-ferrous metals.
30.Ice-making machinery.
31.Industrial boilers.
32.Industrial furnaces.
33.Industrial switchboards, Control panels, circuit breakers, air break switches.
34.Jute machinery.
35.Leather tanning and processing machinery.
36.Machine tools.
37.Machinery for manufacturing air conditioners, bicycles, corks, electrical goods, enamel-ware, hard board, metal containers, radios, razor blades, refractories and bricks, sewing machines, shoes, steel furniture, wire-ropes and cables etc.
38.Machinery for manufacturing any product figuring in Part B of this List, not specified separately in this Part.
39.Material handling equipment like fork lifts, electric lifts, cranes, hoists etc. and conveyor systems.
40.Metal working machinery.
41.Mining machinery.
42.Motor vehicles and chassis, including three-wheelers.
43.Oil drilling rigs.
44.Oil refinery equipment.
45.Packaging and weighing machinery.
46.Pile foundation machinery.
47.Plastic machinery.
48.Power generation, transmission and distribution equipment including boilers, generators, transformers, switchgears, transmission line towers, conductors, cables, sub-station equipment and protective equipment.
49.Power line carrier communication equipment.
50.Power station structures, hydraulic structures like penstocks, gates and gearings, sub-station structures.
51.Pressure vessels.
52.Printing and book-binding machinery.
53.Pulp and Paper Mill machinery.
54.Railway electrification equipment and structures and railway signalling equipment.
55.Railway rolling stock including locomotives, wagons, coaches and trolleys.
56.Refractories for use in hot blast stoves, hot blast main and bustle pipes and blast furnace proper.
57.Rubber machinery.
58.Road and construction equipment including road rollers, tar boilers, continuous batch plants, stone crushers, asphalt mixers, concrete mixers and vibrators.
59.Ships, boats, trawlers, steamers, launches, barges.
60.Solvent extraction machinery.
61.Spraying equipment.
62.Steam, diesel and petrol engines.
63.Steel fabrication for bridges, factories etc.
64.Steel rails and railway track equipment including sleepers, fishplates, points and crossings.
65.Steel shuttering and scaffolding materials.
66.Steel tanks.
67.Sugar (including Khandsari) machinery.
68.Tele-communication and signalling equipment.
69.Textile machinery.
70.Tractors and Trailers.
71.Vending machines.
72.Water supply equipment including pumping plant, large diameter fabricated steel pipes, C.I. spun pipes and storage tanks, water treatment and sewage treatment plant.
73.Weigh bridges.
74.Welding machinery.
75.Wood working machinery.

PART B

1.Agricultural implements.
2.Auto parts.
3.Bicycles, motorcycles, scooters, mopeds and parts.
4.Construction materials including sanitaryware, tiles and precast cement products, false ceiling, flooring materials, pipes, decorative laminates, fittings, electricals and steel/ aluminium doors and windows, provided they are exported as separate items and not as items forming part of civil construction/ turnkey projects.
5.Agricultural chemicals and industrial chemicals.
6.Pressure cookers, watches and clocks, knitting/ sewing machines, vacuum flasks, cutlery, plastic moulded luggage.
7.Domestic electric appliances.
8.Drugs and Pharmaceuticals.
9.Electrical equipment including low tension insulators, batteries and accumulators, parts of electrical machinery and lamps, fuses and electrodes for industrial application.
10.Electronic components.
11.Electronic goods including radios, TV, public address systems, record players, tape recorders.
12.Fibreglass, PVC & plastics based products including pipes and tubes, tyre cord.
13.Ferrous/ non ferrous castings, forgings, stampings, extrusions and rolled products.
14.Ferrous/ non-ferrous pipes, tubes, sheets, strips, foils, rods, wires, wire ropes.
15.Heating and cooling equipment including air conditioners, refrigerators, water coolers.
16.Industrial rubber products including tyres and tubes, cots and aprons, conveyor belts, rubber rollers, hose pipes.
17.Instruments for measurement, scientific survey and for surgical applications.
18.Industrial fasteners, bearings, valves, gears and gaskets.
19.X-ray and other electro-medical and other hospital equipments.
20.Office equipments including typewriters, calculators, duplicators, teleprinters.
21.Metal and plastic furniture.
22.Hand tools, cutting tools, grinding wheels, moulds dies.
23.Gas cylinders, fire fighting equipment, photographic equipment, helmets, including fibreglass helmets.
24.Any item not included in Part 'B' above that might be agreed upon between Exim Bank and Borrower.

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Particulars of the Line of Credit to
Banco Industrial De Venezuela, C.A.

Purpose of Credit : To Finance Exports from India to Venezuela
Name and Address of the Borrower : Banco Industrial de Venezuela, C.A. (BIV)
International Department
Tercera Avenida
Las Delecias de Sabana Grande
Apartado Postal: 2054 Zona Postal: 1050
Caracas, Venezuela
Tel : (216-1) 952 3993/ 6084
Fax: (216-1) 952 6282
Amount of Credit : US$ 10 million
Date of Credit Agreement: July 19, 2001
Effective Date of Credit Agreement: May 10, 2002
Last date for Opening L/C : May 9, 2003
Disbursement : November 9, 2003
Currency of the Contract : US Dollars
Minimum contract value : US$ 50,000
Advance Payment : 10% of FOB/CFR/CIF Contract Value
Payment out of Exim Credit: 90% of FOB/CFR/CIF Contract Value
Service Fees
Payable by the Exporter 		: Exporters should check with Exim Bank, in advance, before finalising the contract with the buyers, details of service fee payable by the exporters on the contract to be covered under the above Line of Credit.
Eligible items under the Credit Line : (I) Category 'A' & 'B' goods (Illustrative lists enclosed)
(II) Any other item including raw materials and commodities that might be agreed upon between Exim Bank and BIV.

N.B: Exporters may also refer to General Guidelines on Exim Bank Lines of Credit

List of Eligible Goods for Finance out of the Credit

PART A
1.Air compressors.
2.Air conditioning, heating, cooling, fume extraction, dust collection, humidification and ventilation equipment for industrial use including blowers and exhaust fans.
3.Alcohol and brewery plant.
4.Aluminium plant and equipment.
5.Asbestos cement machinery.
6.Cement machinery.
7.Cinematographic equipment for motion picture and television studios.
8.Chemical and pharmaceutical plant and machinery.
9.Cigarette making machinery.
10.Coffee processing machinery.
11.Coke oven plant and equipment.
12.Coke oven refractories.
13.Control and Process Instruments including X-Ray equipment for Industrial Applications.
14.Copper Ore concentration machinery.
15.Dairy equipment and animal feed plant.
16.Earth moving equipment like crawler tractors, shovels, excavators, loaders, dumpers etc.
17.Edible Oil Mill machinery and oil expellers.
18.Electric motors and pumps.
19.Electronic Data Processing equipment.
20.Fertilizer plant and equipment.
21.Flour, rice and dal mill machinery.
22.Food processing plant.
23.Foundry equipment including mould making machinery, Sand and Shot blasting equipment.
24.Freight containers.
25.Garage equipment.
26.Gas and air separation plants.
27.Glass and Ceramic machinery.
28.Heat Exchangers.
29.Integrated Steel Plants (complete or in parts), mini steel plants (electric arc and reduction furnaces). Re-heating and heat treatment furnaces, Rolling Mills and other finishing lines for ferrous and non-ferrous metals.
30.Ice-making machinery.
31.Industrial boilers.
32.Industrial furnaces.
33.Industrial switchboards, Control panels, circuit breakers, air break switches.
34.Jute machinery.
35.Leather tanning and processing machinery.
36.Machine tools.
37.Machinery for manufacturing air conditioners, bicycles, corks, electrical goods, enamel-ware, hard board, metal containers, radios, razor blades, refractories and bricks, sewing machines, shoes, steel furniture, wire-ropes and cables etc.
38.Machinery for manufacturing any product figuring in Part B of this List, not specified separately in this Part.
39.Material handling equipment like fork lifts, electric lifts, cranes, hoists etc. and conveyor systems.
40.Metal working machinery.
41.Mining machinery.
42.Motor vehicles and chassis, including three-wheelers.
43.Oil drilling rigs.
44.Oil refinery equipment.
45.Packaging and weighing machinery.
46.Pile foundation machinery.
47.Plastic machinery.
48.Power generation, transmission and distribution equipment including boilers, generators, transformers, switchgears, transmission line towers, conductors, cables, sub-station equipment and protective equipment.
49.Power line carrier communication equipment.
50.Power station structures, hydraulic structures like penstocks, gates and gearings, sub-station structures.
51.Pressure vessels.
52.Printing and book-binding machinery.
53.Pulp and Paper Mill machinery.
54.Railway electrification equipment and structures and railway signalling equipment.
55.Railway rolling stock including locomotives, wagons, coaches and trolleys.
56.Refractories for use in hot blast stoves, hot blast main and bustle pipes and blast furnace proper.
57.Rubber machinery.
58.Road and construction equipment including road rollers, tar boilers, continuous batch plants, stone crushers, asphalt mixers, concrete mixers and vibrators.
59.Ships, boats, trawlers, steamers, launches, barges.
60.Solvent extraction machinery.
61.Spraying equipment.
62.Steam, diesel and petrol engines.
63.Steel fabrication for bridges, factories etc.
64.Steel rails and railway track equipment including sleepers, fishplates, points and crossings.
65.Steel shuttering and scaffolding materials.
66.Steel tanks.
67.Sugar (including Khandsari) machinery.
68.Tele-communication and signalling equipment.
69.Textile machinery.
70.Tractors and Trailers.
71.Vending machines.
72.Water supply equipment including pumping plant, large diameter fabricated steel pipes, C.I. spun pipes and storage tanks, water treatment and sewage treatment plant.
73.Weigh bridges.
74.Welding machinery.
75.Wood working machinery.

PART B

1.Agricultural implements.
2.Auto parts.
3.Bicycles, motorcycles, scooters, mopeds and parts.
4.Construction materials including sanitaryware, tiles and precast cement products, false ceiling, flooring materials, pipes, decorative laminates, fittings, electricals and steel/ aluminium doors and windows, provided they are exported as separate items and not as items forming part of civil construction/ turnkey projects.
5.Agricultural chemicals and industrial chemicals.
6.Pressure cookers, watches and clocks, knitting/ sewing machines, vacuum flasks, cutlery, plastic moulded luggage.
7.Domestic electric appliances.
8.Drugs and Pharmaceuticals.
9.Electrical equipment including low tension insulators, batteries and accumulators, parts of electrical machinery and lamps, fuses and electrodes for industrial application.
10.Electronic components.
11.Electronic goods including radios, TV, public address systems, record players, tape recorders.
12.Fibreglass, PVC & plastics based products including pipes and tubes, tyre cord.
13.Ferrous/ non ferrous castings, forgings, stampings, extrusions and rolled products.
14.Ferrous/ non-ferrous pipes, tubes, sheets, strips, foils, rods, wires, wire ropes.
15.Heating and cooling equipment including air conditioners, refrigerators, water coolers.
16.Industrial rubber products including tyres and tubes, cots and aprons, conveyor belts, rubber rollers, hose pipes.
17.Instruments for measurement, scientific survey and for surgical applications.
18.Industrial fasteners, bearings, valves, gears and gaskets.
19.X-ray and other electro-medical and other hospital equipments.
20.Office equipments including typewriters, calculators, duplicators, teleprinters.
21.Metal and plastic furniture.
22.Hand tools, cutting tools, grinding wheels, moulds dies.
23.Gas cylinders, fire fighting equipment, photographic equipment, helmets, including fibreglass helmets.
24.Any item not included in Part 'B' above that might be agreed upon between Exim Bank and Borrower.

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Particulars of the Line of Credit to
Banco de Comercio Exterior de Colombia S.A.

Purpose of Credit : To Finance Exports from India to Colombia
Name and Address of : Banco de Comercio Exterior de Colombia S.A.(Bancoldex)
Calle 28 No. 13A - 15
Piso 40 Bogota
Colombia
Tel : (57-1) 3821515 ext. 2146
Fax: (57-1) 3367731, 3367763
Amount of Credit : US$ 10 million
Date of Credit Agreement: February 5, 2002
Effective Date of Credit Agreement: March 21, 2002
Last date for Opening L/C : March 20, 2003
Disbursement : September 20, 2003
Currency of the Contract : US Dollars
Minimum contract value : US$ 50,000
Advance Payment : 10% of FOB/CFR/CIF Contract Value
Payment out of Exim Credit: 90% of FOB/CFR/CIF Contract Value
Service Fees
Payable by the Exporter 		: Exporters should check with Exim Bank, in advance, before finalising the contract with the buyers, details of service fee payable by the exporters on the contract to be covered under the above Line of Credit.
Eligible items under the Credit Line : (I) Category 'A' & 'B' goods (Illustrative lists enclosed)
(II) Any other item including raw materials and commodities that might be agreed upon between Exim Bank and Bancoldex.

N.B: Exporters may also refer to General Guidelines on Exim Bank Lines of Credit

List of Eligible Goods for Finance out of the Credit

PART A

1.Air compressors.
2.Air conditioning, heating, cooling, fume extraction, dust collection, humidification and ventilation equipment for industrial use including blowers and exhaust fans.
3.Alcohol and brewery plant.
4.Aluminium plant and equipment.
5.Asbestos cement machinery.
6.Cement machinery.
7.Cinematographic equipment for motion picture and television studios.
8.Chemical and pharmaceutical plant and machinery.
9.Cigarette making machinery.
10.Coffee processing machinery.
11.Coke oven plant and equipment.
12.Coke oven refractories.
13.Control and Process Instruments including X-Ray equipment for Industrial Applications.
14.Copper Ore concentration machinery.
15.Dairy equipment and animal feed plant.
16.Earth moving equipment like crawler tractors, shovels, excavators, loaders, dumpers etc.
17.Edible Oil Mill machinery and oil expellers.
18.Electric motors and pumps.
19.Electronic Data Processing equipment.
20.Fertilizer plant and equipment.
21.Flour, rice and dal mill machinery.
22.Food processing plant.
23.Foundry equipment including mould making machinery, Sand and Shot blasting equipment.
24.Freight containers.
25.Garage equipment.
26.Gas and air separation plants.
27.Glass and Ceramic machinery.
28.Heat Exchangers.
29.Integrated Steel Plants (complete or in parts), mini steel plants (electric arc and reduction furnaces). Re-heating and heat treatment furnaces, Rolling Mills and other finishing lines for ferrous and non-ferrous metals.
30.Ice-making machinery.
31.Industrial boilers.
32.Industrial furnaces.
33.Industrial switchboards, Control panels, circuit breakers, air break switches.
34.Jute machinery.
35.Leather tanning and processing machinery.
36.Machine tools.
37.Machinery for manufacturing air conditioners, bicycles, corks, electrical goods, enamel-ware, hard board, metal containers, radios, razor blades, refractories and bricks, sewing machines, shoes, steel furniture, wire-ropes and cables etc.
38.Machinery for manufacturing any product figuring in Part B of this List, not specified separately in this Part.
39.Material handling equipment like fork lifts, electric lifts, cranes, hoists etc. and conveyor systems.
40.Metal working machinery.
41.Mining machinery.
42.Motor vehicles and chassis, including three-wheelers.
43.Oil drilling rigs.
44.Oil refinery equipment.
45.Packaging and weighing machinery.
46.Pile foundation machinery.
47.Plastic machinery.
48.Power generation, transmission and distribution equipment including boilers, generators, transformers, switchgears, transmission line towers, conductors, cables, sub-station equipment and protective equipment.
49.Power line carrier communication equipment.
50.Power station structures, hydraulic structures like penstocks, gates and gearings, sub-station structures.
51.Pressure vessels.
52.Printing and book-binding machinery.
53.Pulp and Paper Mill machinery.
54.Railway electrification equipment and structures and railway signalling equipment.
55.Railway rolling stock including locomotives, wagons, coaches and trolleys.
56.Refractories for use in hot blast stoves, hot blast main and bustle pipes and blast furnace proper.
57.Rubber machinery.
58.Road and construction equipment including road rollers, tar boilers, continuous batch plants, stone crushers, asphalt mixers, concrete mixers and vibrators.
59.Ships, boats, trawlers, steamers, launches, barges.
60.Solvent extraction machinery.
61.Spraying equipment.
62.Steam, diesel and petrol engines.
63.Steel fabrication for bridges, factories etc.
64.Steel rails and railway track equipment including sleepers, fishplates, points and crossings.
65.Steel shuttering and scaffolding materials.
66.Steel tanks.
67.Sugar (including Khandsari) machinery.
68.Tele-communication and signalling equipment.
69.Textile machinery.
70.Tractors and Trailers.
71.Vending machines.
72.Water supply equipment including pumping plant, large diameter fabricated steel pipes, C.I. spun pipes and storage tanks, water treatment and sewage treatment plant.
73.Weigh bridges.
74.Welding machinery.
75.Wood working machinery.

PART B

1.Agricultural implements.
2.Auto parts.
3.Bicycles, motorcycles, scooters, mopeds and parts.
4.Construction materials including sanitaryware, tiles and precast cement products, false ceiling, flooring materials, pipes, decorative laminates, fittings, electricals and steel/ aluminium doors and windows, provided they are exported as separate items and not as items forming part of civil construction/turnkey projects.
5.Agricultural chemicals and industrial chemicals.
6.Pressure cookers, watches and clocks, knitting/sewing machines, vacuum flasks, cutlery, plastic moulded luggage.
7.Domestic electric appliances.
8.Drugs and Pharmaceuticals.
9.Electrical equipment including low tension insulators, batteries and accumulators, parts of electrical machinery and lamps, fuses and electrodes for industrial application.
10.Electronic components.
11.Electronic goods including radios, TV, public address systems, record players, tape recorders.
12.Fibreglass, PVC & plastics based products including pipes and tubes, tyre cord.
13.Ferrous/non ferrous castings, forgings, stampings, extrusions and rolled products.
14.Ferrous/non-ferrous pipes, tubes, sheets, strips, foils, rods, wires, wire ropes.
15.Heating and cooling equipment including air conditioners, refrigerators, water coolers.
16.Industrial rubber products including tyres and tubes, cots and aprons, conveyor belts, rubber rollers, hose pipes.
17.Instruments for measurement, scientific survey and for surgical applications.
18.Industrial fasteners, bearings, valves, gears and gaskets.
19.X-ray and other electro-medical and other hospital equipments.
20.Office equipments including typewriters, calculators, duplicators, teleprinters.
21.Metal and plastic furniture.
22.Hand tools, cutting tools, grinding wheels, moulds dies.
23.Gas cylinders, fire fighting equipment, photographic equipment, helmets, including fibreglass helmets.
24. Any item not included in Part 'B' above that might be agreed upon between Exim Bank and Borrower.

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PARTICULARS OF THE LINE OF CREDIT TO EASTERN AND SOUTHERN AFRICAN TRADE AND DEVELOPMENT BANK (PTA BANK)
Please also refer to General Guidelines on Exim Bank Lines of Credit)

Purpose of Credit : To finance exports from India to any of the PTA Bank member countries viz., Burundi, Comoros, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Malawi, Mauritius, Rwanda, Somalia, Sudan, Tanzania, Uganda, Zambia and Zimbabwe.
Name and Address of : Eastern and Southern African Trade and Development Bank (PTA Bank)
23rd Floor, NSSF Building
Bishops Road, P.O. Box. 48596
Nairobi, Kenya
Contact person: Director of Finance
Tel : 00 254-2-712250
Fax: 00 254-2-711510
Amount of Credit :US$ 5 Million
Date of Credit Agreement:November 12, 2001
Effective Date of Credit Agreement:December 12, 2001
Last date for Opening L/C : December 11, 2002
Disbursement : June 11, 2003
Currency of the Contract : US$
Minimum contract value : US$50,000
Advance Payment : 10% of FOB/
CFR/CIF Contract value
Payment out of Exim Credit: 90% of FOB/
CFR/CIF Contract value
Service Fees
Payable by the Exporter 		: A one time service fee of 2% for 1 year credit, 3% for 2 years credit, 4% for 3 years credit and 6% for 3 to 5 years credit on pro-rata basis of eligible value of the respective contract towards export credit insurance. (Exporters should check with Exim Bank, in advance, the exact percentage of service fee applicable to their contracts, before finalizing the contract with the buyers).
Eligible items under the Credit Line : (I)Category 'A' & 'B' goods
(II)Any other item including raw materials and commodities that might be agreed upon between Exim Bank and PTA Bank.

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PARTICULARS OF THE LINE OF CREDIT TO
VNESHECONOMBANK (THE BANK FOR FOREIGN ECONOMIC AFFAIRS
OF THE U.S.S.R.), RUSSIAN FEDERATION

Purpose of Credit : To Finance Exports from India to Russia
Name and Address ofthe Borrower : Vnesheconombank
(The Bank for Foreign Economic Affairsof the U.S.S.R.)
9, Akademik Sakharov Avenue
Moscow 101999
Russian Federation
Tel : 00 7 095 204 63 84
Fax: 00 7 095 975 20 69
Amount of Credit : US$ 10 Million
Date of Credit Agreement: November 5, 2001
Effective Date of Credit Agreement: January 30, 2002
Last date for Opening L/C : January 29, 2003
Disbursement : July 29, 2003
Currency of the Contract : US Dollars
Minimum contract value : US$ 50,000
Advance Payment : 10% of FOB/CFR/CIF Contract Value
Payment out of Exim Credit: 90% of FOB/CFR/CIF Contract Value
Service Fees
Payable by the Exporter 		: Exporters should check with Exim Bank, in advance, before finalising the contract with the buyers, details of service fee and other charges payable by the exporters on the contract to be covered under the above Line of Credit.
Eligible items under the Credit Line : (I) Category 'A' & 'B' goods (Illustrative lists enclosed)
(II) Any other item including raw materials and commodities that might be agreed upon between Exim Bank and Vnesheconombank.

N.B: - Exporters may also refer to General Guidelines on Exim Bank Lines of Credit

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PARTICULARS OF THE LINE OF CREDIT TO
BANCO CENTROAMERICANO DE INTEGRACION ECONOMICA
(CENTRAL AMERICAN BANK FOR ECONOMIC INTEGRATION)

Purpose of Credit : To Finance Exports from India to BCIE's Member Countries viz. Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua.
Name and Address ofthe Borrower : Banco Centroamericano de Integracion Economica (BCIE)
P.O. Box 772, Edificio Sede BCIE
Boulevard Suyapa
Tegucigalpa, Honduras
Tel : (504) 228-2208
Fax: (504) 228-2135
Amount of Credit : US$ 10 million
Date of Credit Agreement: November 29, 2001
Effective Date of Credit Agreement: January 21, 2002
Last date for Opening L/C : January 20, 2003
Disbursement : July 20, 2003
Currency of the Contract : US Dollars
Minimum contract value : US$ 50,000
Advance Payment : 10% of FOB/CFR/CIF Contract Value
Payment out of Exim Credit: 90% of FOB/CFR/CIF Contract Value
Service Fees
Payable by the Exporter 		: Exporters should check with Exim Bank, in advance, before finalising the contract with the buyers, details of service fee and other charges payable by the exporters on the contract to be covered under the above Line of Credit.
Eligible items under the Credit Line : (I) Category 'A' & 'B' goods (Illustrative lists enclosed)
(II) Any other item including raw materials and commodities that might be agreed upon between Exim Bank and BCIE.

N.B: - Exporters may also refer to General Guidelines on Exim Bank Lines of Credit

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PARTICULARS OF THE LINE OF CREDIT TO
BANCO NACIONAL DE COMERCIO EXTERIOR, S.N.C. (BANCOMEXT), MEXICO
(Please also refer to General Guidelines on Exim Bank Lines of Credit)

Purpose of Credit : To finance exports from India to Mexico
Name and Address of : Banco Nacional de Comercio Exterior, S.N.C. (Bancomext)
International Banking Department
Camino a Santa Teresa
1679, Floor 9
Col. Jardines del Pedregal
01900 Mexico City
Mexico
Tel : (525) 481 6136/ 481 6294/ 481 6289
Fax: (525) 481 6076/ 481 6077
Amount of Credit : US$ 10 million
Date of Credit Agreement: November 28, 2001
Effective Date of Credit Agreement: January 9, 2002
Last date for Opening L/C : January 8, 2003
Disbursement : July 8, 2003
Currency of the Contract : US Dollars
Minimum contract value : US$ 50,000
Advance Payment : 10% of FOB/ CFR/ CIF Contract Value
Payment out of Exim Credit: 90% of FOB/ CFR/ CIF Contract Value
Service Fees
Payable by the Exporter 		: Exporters should check with Exim Bank, in advance, before finalising the contract with the buyers, details of service fee and other charges payable by the exporters on the contract to be covered under the above Line of Credit.
Eligible items under the Credit Line : (i)Category 'A' & 'B' goods (Illustrative lists enclosed)
(ii) Any other item including raw materials and commodities that might be agreed upon between Exim Bank and Bancomext.
Negotiating banks : Negotiating banks from India need to be registered with the Ministry of Finance, Government of Mexico

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Particulars of the Line of Credit to Industrial Development Bank Ltd., Kenya (IDBK)
(Please also refer to General Guidelines on Exim Bank Lines of Credit)

Purpose of Credit : To finance export of eligible Indian capital & engineering goods, industrial manufacturers, consumer durables and relate services to Kenya.
Name and Address of Borrower : Industrial Development Bank Limited
National Bank Building,
Harambee Avenue,
P.O. Box 44036
Nairobi, Kenya.
Cable : 'Indevbank Nairobi'
Amount of Credit :US $ 5 million
Date of Credit Agreement: December 4, 1997
Effective Date of Credit Agreement: March 18, 1998
Last date for Opening L/C : September 18, 2001
Disbursement : March 18, 2002
Currency of the Contract : US Dollars
Minimum contract value : US $ 50,000
Advance Payment : 10% of FOB/C&F
Contract value
Payment out of : 90% of FOB/C&F Contract value (eligible value)
Exim Bank Credit
ECGC Premium : To be borne by exporter on pro-rata basis of the eligible value of the respective contract.

Eligible items under the credit line :

Category `A' Goods such as machinery, plant &
equipment, diesel & petrol engines and so on

Category `B' Goods such as drugs & pharmaceuticals electronic components and so on.		 )
) Detailed items as listed in
) Reserve Bank of India's "Memorandum
) PEM" : on pages 19 to 23 of the
) March 1994 edition.
)

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Particulars of the Line Of Credit to Corporacion Andina De Fomento (CAF)/Andean Development Corporation
(Please also refer to General Guidelines on Exim Bank Lines of Credit) New

Purpose of Credit : To finance export of Indian capital goods, industrial manufactures, consumer durables and related services to Bolivia, Colombia, Ecuador, Peru and Venezuela.
Name and address of the Borrower : Corporacion Andina De Fomento (CAF)
Multilateral & Bank Financing
Av. Luis Roche
Torre CAF, Altamira
Caracus, Venezuela 69012
Tel : 00 58 212 209 2284
Fax: 00 58 212 209 2329

Currency of the Contract : US$
Minimum contract value : US$1,000,000
Advance Payment : 10% of FOB/ CFR/CIF Contract value
Payment out of Exim Credit : 90% of FOB/CFR/CIF Contract value
Amount of Credit: US$ 10 Million
Date of Credit Agreement : July 19, 2001
Effective Date of Credit Agreement : August 27, 2001
Last Date for Opening L/C : August 26, 2002
Disbursement: February 26, 2003
Service Fee : A one time service fee of 1% for 1 year credit, 2% for 2 year credit, 3% for 3 year credit and 4% for more than 3 year credit to be borne by the exporter on pro-rata basis of eligible value of the respective contract towards export credit insurance. This is in lieu of export credit insurance premium otherwise payable by exporters to ECGC.
Eligible items under the Credit Line : Category 'A' & 'B' goods (Refer to pages 19 & 23 of Reserve Bank of India's Memorandum PEM of the May 1997 edition)

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PARTICULARS OF THE LINE OF CREDIT TO OFFSHORE DEVELOPMENT COMPANY (PTY) LIMITED
(Please also refer to General Guidelines on Exim Bank Lines of Credit)

Purpose of Credit : To finance export of Indian capital & engineering goods, industrial manufactures and related services to Namibia.

Name and address of the Borrower : Offshore Development Company (Pty) Ltd.
Brendan Simbwaye Square
Block B, 6th Floor
Goethe Street
Windhoek, Namibia
Tel: 264 61 8237362/8237111
Fax: 264 61 231001
Currency of the Contract : Indian Rupees

Minimum contract Value : Rs. 10,00,000

Advance payment : 10% of FOB/CIF Contract Value

Amount of Credit : Rs. 20 crores
Date of Credit Agreement : July 22, 1999

Effective Date of Credit Agreement : October 25, 1999

 Payment out of
Exim Bank Credit
(eligible value)		 : 90% of C&F Contract value

Last date for Opening L/C : October 24, 2002
Disbursement : April 24, 2003
Service Fee : A one time fee of 6% to be borne by the exporter on pro-rata basis of eligible value of the contract towards export credit insurance.

Eligible items under the credit line:

Category 'A' Goods such as machinery, plant &
Equipment, diesel & petrol engines and so on

 ) Detailed items as listed in
) Reserve Bank of India's
) "Memorandum of PEM"
Category 'B' Goods such as drugs and pharmaceuticals
electronic components and so on.
 ) on pages 19 to 23 of the
) May 1997 edition.

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PARTICULARS OF THE LINE OF CREDIT TO EXPORT-IMPORT BANK OF THAILAND (EXIM THAILAND)
(Please also refer to General Guidelines on Exim Bank Lines of Credit)

Purpose of Credit : To finance export of Indian capital & engineering goods, consumer durables, industrial manufactures and related services to Thailand.

Name and address of the Borrower : Export-Import Bank of Thailand
EXIM Building
1193 Phaholyothin RD
Phayathai
Bangkok 10400
Thailand
Tel: 00 662 271 3028
Fax: 00 662 271 3032
Currency of the Contract : US Dollars

Minimum contract Value : US$ 50,000

Advance payment : 10% of FOB/C&F/CIF Contract Value

Amount of Credit : US$ 10 Million
Date of Credit Agreement : May 04, 2000

Effective Date of Credit Agreement : May 30, 2000
:

Last date for Opening L/C : May 30, 2002
Disbursement : November 30, 2002
Service Fee : A one time fee of 1% for 1 year credit, 2% for 2 years credit, 3% for 3years credit and 4% for 3 to 5 years credit, to be borne by the exporter on pro-rata basis of eligible value of the respective contract towards export credit insurance. This is in lieu of export credit insurance premium otherwise payable by exporters to ECGC.

Eligible items under the credit line:

Category 'A' Goods such as machinery, plant &
Equipment, diesel & petrol engines and so on

 ) Detailed items as listed in
) Reserve Bank of India's
) "Memorandum of PEM"
Category 'B' Goods such as drugs and pharmaceuticals
electronic components and so on.
 ) on pages 19 to 23 of the
) May 1997 edition.

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PARTICULARS OF THE LINE OF CREDIT TO EAST AFRICAN DEVELOPMENT BANK (EADB)

Purpose of Credit : To finance export of Indian capital goods, industrial manufactures, consumer durables and related services to EADB member countries viz. Kenya, Tanzania and Uganda

Name and address of the Borrower : East African Development Bank
East African Development Bank Building
4 Nile Avenue
P.O. Box 7128
Kampala
Uganda

Tel : 00 256 41 230021/5
Fax: 00 256 41 259763

Currency of the Contract : US Dollars

Minimum contract Value : US$50,000

Advance payment : 10% of FOB/C&F/CIF Contract value

Amount of Credit : US$ 5 Million
Date of Credit Agreement : August 22, 2000

Effective Date of Credit Agreement : October 4, 2000

Last date for Opening L/C :October 3, 2002
Disbursement : April 3, 2003
Service Fee : Exporters should check with Exim Bank, in advance, the exact percentage of service fee applicable to their contracts, before finalising the contract with the buyers.

Eligible items under the credit line : Category `A' & `B' goods (Refer to pages 19 & 23 of Reserve Bank of India's Memorandum PEM of the May 1997 edition)

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PARTICULARS OF THE CREDIT LINE TO KOREA DEVELOPMENT BANK (KDB)

Purpose of Credit : To finance export of Indian industrial manufactures, consumer durables, and raw materials, agricultural products, marine products, iron & steel products and software to South Korea.

Name and address of the Borrower : Korea Development Bank
Trade Finance Department
10-2, Kwanchol-dong
Changno-ku
Seoul
Korea

Tel : 00 822 3986321
Fax: 00 822 7229325

Currency of the Contract : US Dollars

Eligible Value for Finance : 100% of FOB/C&F/CIF

Amount of Credit : US$ 20 Million
Date of Credit Agreement : May 31, 2000

Service Fee : A one time fee of 0.5% for 6 month credit and 1% for 1 year credit, to be borne by the exporter on pro-rata basis of eligible value of the respective contract towards export credit insurance. This is in lieu of export credit insurance premium otherwise payable by exporters to ECGC.
Operating Procedure : Under the above facility, Korea Development Bank will open a letter of credit favouring an Indian exporter which would include a note that it is payable at sight to the beneficiary (Indian exporter) and that it is to be refinanced for a period of 6 months or 12 months, as may be the case. Korea Development Bank will authorize Exim Bank to accept a time draft drawn on Exim Bank and reimburse a claiming bank in India and the L/C beneficiary i.e. Indian exporter will get the proceeds at sigh basis.

Eligible items under the credit line : (I) Category `A' & `B' goods (Refer to pages 19 to 23 of Reserve The Credit LineBank of India's Memorandum PEM)

(II) Other Items (For which Exim Bank has obtained necessary approval of Reserve Bank of India) :
(i)raw materials
(ii)agricultural products
(iii)marine products
(iv)iron & steel products, and
(v)software

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PARTICULARS OF THE LINE OF CREDIT TO
BANQUE INTERNATIONALE ARABE DE TUNISIE (BIAT)
(Please also refer to General Guidelines on Exim Bank Lines of Credit)

Purpose of Credit : To finance export of Indian capital goods, industrial manufactures, consumer durables and related services to Tunisia.
Name and Address of Borrower : Banque Internationale Arabe de Tunisie
International Department
70-72 Avenue Habib Bourguiba
1000 Tunis Cedex
Tunisia
Tel : 00 216 1 340733
Fax: 00 216 1 340680/347648
Amount of Credit : US$ 5 Million
Date of Credit Agreement: October 21, 2000
Effective Date of Credit Agreement: March 1, 2001
Last date for Opening L/C : February 28, 2002
Disbursement : August 30, 2002

Currency of the Contract : US Dollars
Minimum contract value : US $ 50,000
Advance Payment : 10% of FOB/ C&F/CIF
Contract value
Payment out of Exim Credit: 90% of FOB/C&F/CIF Contract value
Service Fee : A one time fee of 1% to be borne by the exporter on pro-rata basis of eligible value of the respective contract towards export credit insurance. This is in lieu of export credit insurance premium otherwise payable by exporters to ECGC.
Eligible items under the Credit Line : Category 'A' & 'B' goods (Refer to pages 19 & 23 of Reserve Bank of India's Memorandum PEM of the May 1997 edition)

List of Eligible Goods for finance out of the Credit

PART A

  1. Air compressors.
  2. Air conditioning, heating, cooling, fume extraction, dust collection, humidification and ventilation equipment for industrial use including blowers and exhaust fans.
  3. Alcohol and brewery plant.
  4. Aluminium plant and equipment.
  5. Asbestos cement machinery.
  6. Cement machinery.
  7. Cinematographic equipment for motion picture and television studios.
  8. Chemical and pharmaceutical plant and machinery.
  9. Cigarette making machinery.
  10. Coffee processing machinery.
  11. Coke oven plant and equipment.
  12. Coke oven refractories.
  13. Control and Process Instruments including X-Ray equipment for Industrial Applications.
  14. Copper Ore concentration machinery.
  15. Dairy equipment and animal feed plant.
  16. Earth moving equipment like crawler tractors, shovels, excavators, loaders, dumpers etc.
  17. Edible Oil Mill machinery and oil expellers.
  18. Electric motors and pumps.
  19. Electronic Data Processing equipment.
  20. Fertilizer plant and equipment.
  21. Flour, rice and dal mill machinery.
  22. Food processing plant.
  23. Foundry equipment including mould making machinery, Sand and Shot blasting equipment.
  24. Freight containers.
  25. Garage equipment.
  26. Gas and air separation plants.
  27. Glass and Ceramic machinery.
  28. Heat Exchangers.
  29. Integrated Steel Plants (complete or in parts), mini steel plants (electric arc and reduction furnaces). Re-heating and heat treatment furnaces, Rolling Mills and other finishing lines for ferrous and non-ferrous metals.
  30. Ice-making machinery.
  31. Industrial boilers.
  32. Industrial furnaces.
  33. Industrial switchboards, Control panels, circuit breakers, air break switches.
  34. Jute machinery.
  35. Leather tanning and processing machinery.
  36. Machine tools.
  37. Machinery for manufacturing air conditioners, bicycles, corks, electrical goods, enamel-ware, hard board, metal containers, radios, razor blades, refractories and bricks, sewing machines, shoes, steel furniture, wire-ropes and cables etc.
  38. Machinery for manufacturing any product figuring in Part B of this List, not specified separately in this Part.
  39. Material handling equipment like fork lifts, electric lifts, cranes, hoists etc. and conveyor systems.
  40. Metal working machinery.
  41. Mining machinery.
  42. Motor vehicles and chassis, including three-wheelers.
  43. Oil drilling rigs.
  44. Oil refinery equipment.
  45. Packaging and weighing machinery.
  46. Pile foundation machinery.
  47. Plastic machinery.
  48. Power generation, transmission and distribution equipment including boilers, generators, transformers, switchgears, transmission line towers, conductors, cables, sub-station equipment and protective equipment.
  49. Power line carrier communication equipment.
  50. Power station structures, hydraulic structures like penstocks, gates and gearings, sub-station structures.
  51. Pressure vessels.
  52. Printing and book-binding machinery.
  53. Pulp and Paper Mill machinery.
  54. Railway electrification equipment and structures and railway signalling equipment.
  55. Railway rolling stock including locomotives, wagons, coaches and trolleys.
  56. Rubber machinery.
  57. Road and construction equipment including road rollers, tar boilers, continuous batch plants, stone crushers, asphalt mixers, concrete mixers and vibrators.
  58. Ships, boats, trawlers, steamers, launches, barges.
  59. Solvent extraction machinery.
  60. Spraying equipment.
  61. Steam, diesel and petrol engines.
  62. Steel fabrication for bridges, factories etc.
  63. Steel rails and railway track equipment including sleepers, fishplates, points and crossings.
  64. Steel shuttering and scaffolding materials.
  65. Steel tanks.
  66. Sugar (including Khandsari) machinery.
  67. Tele-communication and signalling equipment.
  68. Textile machinery.
  69. Tractors and Trailers.
  70. Vending machines.
  71. Water supply equipment including pumping plant, large diameter fabricated steel pipes, C.I. spun pipes and storage tanks, water treatment and sewage treatment plant.
  72. Weigh bridges.
  73. Welding machinery.
  74. Wood working machinery.

PART B

  1. Agricultural implements.
  2. Auto parts.
  3. Bicycles, motorcycles, scooters, mopeds and parts.
  4. Construction materials including sanitaryware, tiles and precast cement products, false ceiling, flooring materials, pipes, decorative laminates, fittings, electricals and steel/aluminium doors and windows, provided they are exported as separate items and not as items forming part of civil construction/turnkey projects.
  5. Agricultural chemicals and industrial chemicals.
  6. Pressure cookers, watches and clocks, knitting/sewing machines, vacuum flasks, cutlery, plastic moulded luggage.
  7. Domestic electric appliances.
  8. Drugs and Pharmaceuticals.
  9. Electrical equipment including low tension insulators, batteries and accumulators, parts of electrical machinery and lamps, fuses and electrodes for industrial application.
  10. Electronic components.
  11. Electronic goods including radios, TV, public address systems, record players, tape recorders.
  12. Fibreglass, PVC & plastics based products including pipes and tubes, tyre cord.
  13. Ferrous/non ferrous castings, forgings, stampings, extrusions and rolled products.
  14. Ferrous/non-ferrous pipes, tubes, sheets, strips, foils, rods, wires, wire ropes.
  15. Heating and cooling equipment including air conditioners, refrigerators, water coolers.
  16. Industrial rubber products including tyres and tubes, cots and aprons, conveyor belts, rubber rollers, hose pipes.
  17. Instruments for measurement, scientific survey and for surgical applications.
  18. Industrial fasteners, bearings, valves, gears and gaskets.
  19. X-ray and other electro-medical and other hospital equipments.
  20. Office equipments including typewriters, calculators, duplicators, teleprinters.
  21. Metal and plastic furniture.
  22. Hand tools, cutting tools, grinding wheels, moulds dies.
  23. Gas cylinders, fire fighting equipment, photographic equipment, helmets, including fibreglass helmets.
  24. Any item not included in Part 'B' above that might be agreed upon between Exim Bank and Borrower.

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Supplier's Credit for deferred payment exports

What is on offer?
 Exim Bank offers Supplier's Credit in Rupees or in Foreign Currency at post-shipment stage to finance export of eligible goods and services on deferred payment terms. An illustrative list of eligible goods is at Annexure 1. Supplier's Credit is available both for supply contracts as well as project exports; the latter includes construction, turnkey or consultancy contracts undertaken overseas.

Who can seek finance?
 Exporters can seek Supplier's Credit in Rupees/ Foreign Currency from Exim Bank in respect of export contracts on deferred payment terms irrespective of value of export contracts.

What are the general terms of Supplier's Credit?

  1. Extent of Supplier's Credit
    100% of post-shipment credit extended by exporter to overseas buyer.

  2. Currency of Credit
    Supplier's Credit from Exim Bank is available in Indian Rupees or in Foreign Currency.

  3. Rate of Interest
    The rate of interest for Supplier's Credit in Rupees is a fixed rate and is available on request. Supplier's Credit in Foreign Currency is offered by Exim Bank on a floating rate basis at a margin over LIBOR dependent upon cost of funds.

  4. Security
    Adequate security by way of acceptable letter of credit and/or guarantee from a bank in the country of import or any third country is necessary, as per RBI guidelines.

  5. Period of Credit and Repayment
    Period of credit is determined for each proposal having regard to the value of contract, nature of goods covered, security, competition. Repayment period for Supplier's Credit facility is fixed coinciding with the repayment of post-shipment credit extended by Indian exporter to overseas buyer. However, the Indian exporter will repay the credit to Exim Bank as per agreed repayment schedule, irrespective of whether or not the overseas buyer has paid the Indian exporter.

Utilisation of Credit
 Exim Bank enters into Supplier's Credit Agreement with Indian exporter as also with exporter's commercial bank in the event of the latter's participation in the Supplier's Credit. The Agreement covers details of draw-down, repayment, and includes an affirmation by Indian exporter that repayment to Exim Bank would be made on due date, regardless of whether due payments have or have not been received from overseas buyer.

  1. Negotiation of Documents
    Commercial bank negotiates export documents and seeks reimbursement of Supplier's Credit amount.

  2. Supplier's Credit Claims
    Commercial bank seeks reimbursement of Supplier's Credit from Exim Bank along with

    1. Annexure containing particulars of shipment/s made (drawal form and Annexure format are provided to banks at the time of issue of sanction).
    2. Copies of shipping documents. On satisfying itself that the disbursement claim is in order, Exim Bank either credits the amount in Rupees under Rupee Supplier's Credit into the account of the commercial bank, maintained with Reserve Bank of India (RBI) at Mumbai, or the commercial bank's Nostro Account under Foreign currency Supplier's Credit and advises details of the amount credited to bank/exporter.

  3. Repayment of Supplier's Credit
    The exporter repays principal amount of credit to Exim Bank as per agreed repayment schedule. Interest amounts are payable to Exim Bank half-yearly without any moratorium.

Supplier's Credit [Regulatory Norms] - Supply/Turnkey/Construction

RBI has laid down guidelines for project exports and export of goods from India on deferred payment terms. RBI's guidelines relating to Project Export contracts are contained in Memorandum PEM published by RBI. It is a priced publication and available at any of the Regional Offices of RBI throughout India.

ANNEXURE I

List of goods in respect of which Commercial Export Credit may be offered by Indian Exporter

A. Capital And Producer Goods

Air compressors.
Air Conditioning, heating, cooling, fume extraction, dust collection, humidfication and ventilation equipment for industrial use including blowers and exhaust fans.
Alcohol and brewery plant.
Aluminium plant and equipment.
Asbestos cement machinery.
Cement machinery.
Cinematography equipment for motion picture and television studios.
Chemical and pharmaceutical plant and machinery.
Cigarette making machinery.
Coffee processing machinery,
Coke oven plant and equipment.
Coke oven refractories.
Control and Process Instruments including X-Ray equipment for Industrial Applications.
Copper Ore concentration machinery.
Dairy equipment and animal feed plant.
Earth moving equipment like crawler tractors, shovels, excavators, loaders, dumpers, etc.
Edible Oil Mill machinery and oil expellers.
Electric motors and pumps.
Electronic Data Processing equipment.
Fertilizer Plant and equipment.
Flour, rice and dal mill machinery.
Food processing plant.
Foundry equipment including mould making machinery, Sand and Shot blasting equipment.
Freight containers.
Garage equipment.
Gas and air separation plants.
Glass and Ceramic machinery.
Heat Exchangers.
Integrated Steel Plants (complete or in parts), mini steel plants (electric arc and reduction furnaces), Rolling Mills and other finishing lines for ferrous and non-ferrous metals.
Ice-making machinery.
Industrial boilers.
Industrial furnaces.
Industrial switchboards, Control panels, circuit breakers, air break switches. Jute machinery.
Leather tanning and processing machinery.
Machine tools.
Machinery for manufacturing air-conditioners, bicycles, corks, electrical goods, enamel-ware, hard board, metal containers, radios, razor blades, refractories and bricks, sewing machines, shoes, steel furniture, wire-ropes and cables, etc.
Machinery for manufacturing any product figuring in Part B of this List, not specified separately in this Part.
Material handing equipment like fork lifts, electric lifts, cranes, hoists, etc. and conveyor systems.
Metal working machinery.
Mining machinery.
Motor vehicles and chassis, including three-wheelers.
Oil drilling rigs.
Oil refinery equipment.
Packaging and weighing machinery.
Pile foundation machinery.
Plastic machinery.
Power generation, transmission and distribution equipment including boilers, generators, transformers, switchgears, transmission line towers conductors, cables, sub-station equipment and protective equipment.
Power line carrier communication equipment.
Power station structures, hydraulic structures like pen-stocks gates and gearing, sub-station structures.
Pressure vessels.
Printing and book-binding machinery.
Pulp and paper mill machinery.
Railway electrification equipment and structures and railway signalling equipment.
Railway rolling stock including locomotives, wagons, coaches and trolleys.
Rubber machinery.
Road and construction equipment including road rollers, tar boilers, continuous batch plants, stone crushers, asphalt mixers and vibrators.
Ship, boats, trawlers, steamers, launches, barges.
Solvent extraction machinery.
Spraying equipment.
Steam, diesel and petrol engines.
Steel fabrication for bridges, factories, etc.
Steel rails and railway track equipment including sleepers, fishplates, points and crossings.
Steel shuttering and scaffolding materials.
Steel tanks.
Sugar (including Khandsari) machinery.
Telecommunication and signalling equipment.
Textile machinery.
Tractors and Trailers.
Vending machines.
Water supply equipment including pumping plant, large diameter fabricated steel pipes, C.I. spun pipes and storage tanks, water treatment and sewage treatment plant.
Weigh bridges.
Welding machinery.
Wood working machinery.

B. Other Goods

Agricultural implements.
Auto Parts.
Bicycles, motor-cycles, scooters, mopeds and parts.
Construction materials including sanitary ware, tiles and precast cement products, false ceiling, flooring materials, pipes, decorative laminates, fittings, electricals and steel/aluminium doors and windows, provided they are exported as separate items and not as items forming part of civil construction/turnkey projects.
Agricultural chemicals and industrial chemicals.
Pressure cookers, watches and clocks, knitting/sewing machine, vacuum flasks, cutlery, plastic moulded luggage.
Domestic electric appliances.
Drugs and pharmaceuticals.
Electrical equipment including low tension insulators, batteries and accumulators, parts of electrical machinery and lamps, fuses and electrodes for industrial application.
Electronic components.
Electronic goods including radios, TV, Public Address Systems, record players, tape recorders.
Fibreglass, PVC & Plastic based products including pipes and tubes, tyre cord.
Ferrous & Non-ferrous castings, forgings, stampings, extrusions and rolled products.
Ferrous/Non-ferrous pipes, tubes, sheets, strips, foils, rods, wire, wire ropes.
Heating and cooling equipment including air-conditioners, refrigerators, water coolers.
Industrial rubber products including tyres and tubes, cots and aprons, conveyor belts, rubber rollers, hose pipes.
Instruments for measurements, scientific survey and for surgical applications.
Industrial fasteners, bearings, valves, gears and gaskets.
X-Ray and other electro-medical and other hospital equipment.
Office equipment including typewriters, calculators, duplicators, teleprinters.
Metal and plastic furniture.
Hand tools, cutting tools, grinding wheels, moulds, dies.
Gas Cylinders, fire fighting equipment, photographic equipment, helmets, including fibreglass helmets.

NOTE : The Working Group on Project Exports functioning at Exim Bank may consider proposals to include new items to exclude existing items from the list.

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Overseas Buyer's Credit

Credit is offered directly to overseas buyer for a specific project/ contract.

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Finance for Rupee Expenditure for Project Export Contracts (FREPEC)

What is FREPEC programme?

This programme seeks to Finance Rupee Expenditure for Project Export Contracts, incurred by Indian companies.

What is the purpose of this credit?

To enable Indian project exporters to meet Rupee expenditure incurred/required to be incurred for execution of overseas project export contracts such as for mobilisation/purchase/acquisition of materials and equipment, mobilisation of personnel, payments to be made in India to staff, sub-contractors, consultants and to meet project related overheads in Indian Rupees.

Who are eligible for assistance under FREPEC programme?

Indian project exporters who are to execute project export contracts overseas secure on cash payment terms or those funded by multilateral agencies will be eligible. The purpose of the new lending programme is to give boost to project export efforts of companies with good track record and sound financials.

What is the quantum of credit extended under this programme?

Upto 100% of the peak deficit as reflected in the Rupee cashflow statement prepared for the project. Exim Bank will not normally take up cases involving credit requirement below Rs. 50 lakhs. Although, no maximum amount of credit is being proposed, while approving overall credit limit, credit-worthiness of the exporter-borrower would be taken into account. Where feasible, credit may be extended in participation with sponsoring commercial bank(s).

How are disbursements made under this programme?

Disbursements will made in Rupees through a bank account of the borrower-company against documentary evidence of expenditure incurred accompanied by a certificate of Chartered Accountants.

How is a FREPEC loan to be extinguished?

Repayment of credit would normally be out of project receipts. Period of repayment would depend upon the project cashflow statements, but will not exceed 4 (four) years from the effective date of project export contract. The liability of the borrower to repay the credit and pay interest and other monies will be absolute and will not be dependent upon actual realisation of project bills.

What is the security stipulated for FREPEC loan?

  1. Hypothecation of project receivables and project moveables.

  2. optional: where available

    • Personal Guarantees of Directors of the Company.
    • Available collateral security.
* Where cost is not prohibitive or where the borrower-company is prepared to bear the cost, packing credit guarantee of ECGC may be obtained.

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Pre-Shipment Rupee Credit

Pre-shipment Rupee Credit is extended to finance temporary funding requirement of export contracts. This facility enables provision of rupee mobilisation expenses for construction/ turnkey projects. Exporters could also avail of pre-shipment credit in foreign currencies to finance cost of imported inputs for manufacture of export products to be supplied under the projects. Commercial banks also extend this facility for definite periods.

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Refinance of Export Credit

Authorised Dealers in foreign exchange can obtain from Exim Bank, hundred percent refinance of deferred payment loans extended for export of eligible Indian goods.

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Non-Fund Based Facilities

Exim Bank issues following guarantees directly or in participation with other banks, for project export contract.

  • Bid Bond:

    Bid Bond is generally issued for a period of six months.

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  • Advance Payment Guarantee:

    Exporters are expected to secure a mobilisation advance of 10-20% of the contract value which is normally released against bank guarantee and is generally recovered on a pro-rata basis from the progress payments during project execution.

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  • Performance Guarantee:

    Performance guarantee for 5-10% of contract is issued, valid upto completion of maintenance period normally one year after completion of contract period and/or grant of Final Acceptance Certificate (FAC) by the overseas employer. Format of guarantee is expected to be furnished by exporter, at least four weeks before actual issue, to facilitate discussions and formal approval.

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  • Guarantee for Release of Retention Money:

    This enables the exporter to obtain the release of retention money (normally 10% of contract value) before obtaining Final Acceptance Certificate (FAC) from client.

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  • Guarantee for Raising Borrowings Overseas:

    Bridge finance may be needed at the earlier phases of the contracts to supplement the mobilisation advance. Bridge finance upto 25% of the contract value may be raised in foreign currency from an overseas bank against this guarantee issued by a bank in India. Request for overseas borrowings must be supported by currency-wise cash flows, also indicating the outstanding letters of credit and L/C drawal schedule.

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  • Other Guarantees:

    e.g. in lieu of customs duty or security deposit for expatriate labour.

  • Guarantee commission is charged at rates stipulated by the Foreign Exchange Dealers Association of India (FEDAI) or as stepulated by guarantee issuing bank. Margin requirement for issue of guarantee is generally waived by banks for Export Performance Guarantee. However, appropriate securities are availed of.

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Export Credits

  • Indian Companies
  • Commercial Banks
  • Overseas Entities


Export Credits for Indian Companies

  • Pre-Shipment credit
  • Foreign Currency Pre-shipment Credit
  • Post-shipment Supplier's Credit
  • Finance for deemed export
  • Financing Rupee Expenditure for Project Exports
  • Finance for Consultancy and Technology Services
  • Guarantee Facilities


    • Export Credits
    For

    Commercial Banks
    		Overseas Entities
    • Export Bills
      Rediscounting
    • Refinance of Export
      (Supplier's) Credit
    • Foreign Currency
      Pre-shipment Credit

  • Buyer's Credit
  • Lines of Credit

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