Terms and requirements of the payment guarantee.

CFR · 2024-01-01 · US · Title 7

(a) (b) (c) (d) (e) (i) The value of eligible non-U.S. goods; and (ii) The value of imported components. (2) Imported raw materials and basic manufactured items (such as iron, steel, nuts, bolts, etc.) which are processed, assembled or manufactured in the United States are automatically included in CCC's coverage and are not counted as imported components for the purpose of determining U.S. content. (f) (i) To allow for guarantee coverage of non-U.S. goods; and/or (ii) The U.S. content test, allowing for guarantee coverage of non-U.S. goods and imported components in U.S. goods in excess of the value permitted under the U.S. content test. (2) To request a coverage waiver on one of the bases specified in paragraph (f)(1) of this section, the seller must submit with the initial application for a payment guarantee a justification of why the non-U.S. goods and/or imported components in U.S. goods are essential to the completion of the FGP transaction. This justification must be based on one of the following: (i) The goods and/or components are no longer manufactured in or provided by the United States; (ii) The use of U.S. goods and/or components is not cost effective; or (iii) U.S. goods and/or components are not compatible with the existing infrastructure in the destination country. (3) In determining whether to grant a coverage waiver, CCC will consider the following factors: (i) Whether information obtained by CCC from industry sources, government agencies, or any other sourc

official document · source cfr-2024 · id 7:§ 1493.290