B767-300 CREW CROSSED RWY HOLD SHORT AREA AHEAD OF LNDG A320 ACFT AT VABB.

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WE WERE CLRED TO THE HOLD POINT FOR RWY 27 IN BOMBAY (VABB). CLRNC WAS RECEIVED FOR SID AND FL280. WE WERE THEN CLRED FOR TKOF WITH A GARBLED MESSAGE FROM TWR. I REPEATED WHAT I THOUGHT I HEARD (320 DEG HDG) AND CLRED FOR TKOF. THE CAPT TAXIED FROM THE HOLD POINT TO THE RWY WHEN WE REALIZED AN AIRBUS 320 WAS ON FINAL. WE STOPPED EVEN WITH THE RWY EDGE AND THEY LANDED UNEVENTFULLY. THE OTHER ACFT TOLD TWR THAT WE HAD PENETRATED THE RWY EDGE. WE FELT WE WERE STILL SHORT ALTHOUGH PAST THE HOLD POINT. THE LANGUAGE BARRIER IS EXTREME WITH BOMBAY CTLRS. THEY ARE DIFFICULT TO UNDERSTAND IF OUT OF THE NORMAL PHRASE; IE; 'CLRED FOR TKOF.' THE CAPT AND I BOTH HEARD CLRED FOR TKOF AND LUCKILY CLRED FINAL IN TIME TO STOP SHORT OF THE ACTUAL RWY. CLRNC FOR TKOF SHOULD NOT BE CONDITIONAL IN SUCH AN ENVIRONMENT. THE ACFT STILL HAS TO LAND; SLOW; AND TAXI CLR OF THE RWY BEFORE YOU CAN TAKE OFF. CLRNC CONDITIONAL OF AN ACFT LNDG IS NOT WARRANTED SINCE TIME SAVED IS MINIMAL. WITH TIME ZONE CHANGES; CREW FATIGUE AND LANGUAGE BARRIERS ALL PART OF THE EQUATION; SAFETY IS SUSPECT. IN THE UNITED STATES THAT KIND OF CLRNC IS ACCEPTABLE; BUT I FEEL IF THERE IS ANY WAY TO INFLUENCE ICAO PROCS AT FOREIGN ARPTS; THIS WOULD BE A GOOD PLACE TO START. NO CLRNC FOR TKOF UNTIL THE OTHER ACFT HAS LANDED.