|
|||||||||||||||||||||
|
|||||||||||||||||||||
Apply | Country Limitation Schedule MEMORANDUM
Cover Policy Changes: A new CLS with the following cover policy changes is effective February 26, 2009:
Note Changes: Please also be advised that changes to Notes have been made with respect to the following countries:
Text Changes Note # 14 has been removed from the CLS. In addition, the word “guarantees” in the first paragraph of Note # 13 has been replaced with the word “support”. The new Note # 13 will read as follows: Where the CLS indicates support is not available, Ex-Im Bank can still consider financing arrangements that eliminate or externalize country risks. Potentially acceptable transactions include structured transactions that earn revenues offshore in a country with no CLS restrictions and are held in a bank or trust account acceptable to Ex-Im Bank; third-party support from creditworthy entities in countries with no CLS restriction; and asset-backed lease and financing structures involving equipment such as aircraft. In addition, coverage under the WCGP may be available for a transaction that is supported by an irrevocable Letter of Credit issued by a bank, and/or due from a Buyer, located in a country where Ex-Im Bank is open without restrictions for short-term transactions. For more information, please visit Ex-Im Bank’s website at www.exim.gov or call Export-Import Bank of the United States Revised: February 26, 2009 |
|||||||||||||||||||||
|
|||||||||||||||||||||