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CFR · 2024-01-01 · US · Title 7

(a) CCC will purchase an exporter's account receivable only if the Treasurer, Commodity Credit Corporation, United States Department of Agriculture, Washington, DC 20250, receives the documents specified in paragraphs (b) through (e) of this section and any documentation and certifications required by any supplements to these regulations within forty-five days, or any extension thereof by the Treasurer or Assistant Treasurer, CCC, after date of delivery of commodities exported or to be exported under the financing agreement. (b) The exporter shall submit a “Combined Application for Disbursement, Assignment of Account Receivable and Certification” which shall include: (1) A written application for disbursement, showing the financing agreement number and the port value of the commodity delivered. (2) An assignment of the account receivable arising from the export sale, in form and substance acceptable to CCC. (3) The exporter's certification (i) that he has entered into a contract to sell an eligible commodity; (ii) of the date of sale, the grade, quality, quantity, agreed upon price for the commodity and payment terms and interest in accordance with the financing agreement; (iii) that he has in his files documents evidencing the export sale contract and the obligation of the importer to him for the financed portion of the export sale and will retain and furnish them to CCC on demand until 3 years after the end of the financing period; (iv) that agricultural commodities of the

official document · source cfr-2024 · id 7:§ 1488.8