Discounts, fees, commissions and payments.

CFR · 2024-01-01 · US · Title 7

For purposes of this section, the term “payment” means a commission, fee or other compensation of any kind. The term “other compensation of any kind” includes anything given in return for any consideration, services, or benefits received or to be received. (a) (b) (2) A person is deemed to act “to obtain a contract” if the person acts on behalf of a commodity supplier to: (i) Influence a buyer to award a contract to the supplier; (ii) Give the supplier a competitive advantage in relation to other potential suppliers; or (iii) Influence CCC to approve a contract for financing under this part. (3) CCC will not consider acts which are purely ministerial in nature and do not require the exercise of personal influence, judgment, or discretion (such as attending bid openings or presenting offers at bid openings), or services to implement a contract after it has been entered into by the parties (such as handling documentation problems or (c) (i) Pay a commission to the participant or importer; to any agency, including an agency of the government of the importing country or the destination country; or to a corporation owned or controlled by the participant or the government of the importing country or the destination country. (ii) Pay a commission to any affiliate of the participant, if the participant is a private entity; (iii) Make any payment to an agent of the participant or importer, in the person's capacity as such agent, other than ocean transportation brokerage commissions. (

official document · source cfr-2024 · id 7:§ 17.6