Application for payment guarantee.

CFR · 2024-01-01 · US · Title 7

(a) (b) (1) Destination country. (2) The name and address of the buyer. If the buyer is not physically located in the destination country, it must have a buyer's representative in (3) The name and address of the party on whose request the letter of credit is issued, if other than the buyer. (4) The name and address of the end-user of the goods or services, if other than the buyer. (5) The seller's sales number pertinent to the application and a copy of the firm sales contract. (6) A description (including location, (7) List of all agricultural commodities or products (inputs) to be handled, marketed, processed, stored, or distributed by the proposed transaction after completion, and an explanation of why and how the facility or goods and/or services will specifically benefit exporters of U.S. agricultural commodities. (8) Total value of the firm sales contract. (9) A full description of each good to be covered by the payment guarantee. The goods specified in the seller's application for the payment guarantee must correspond with the description of the goods specified in the firm sales contract and the foreign financial institution letter of credit. The description must include each of the following: (i) Brand name and model number; (ii) Applicable 10-digit Harmonized System classification code; (iii) Description of the good; (iv) Country where the good was manufactured and from which the good will be exported; (v) For U.S. goods, the value of imported components used in the U

official document · source cfr-2024 · id 7:§ 1493.260