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Products & Policies | Ex-Im Bank Policies U.S. Flag Shipping Requirements (MARAD) Ex-Im Bank's shipping requirements are based on Public Resolution 17 of the 73rd Congress (PR-17) concerning U.S. flag shipping of certain U.S. government agency supported export cargos. Shipping on U.S. flag vessels is required for the following Ex-Im Bank transactions:
The following transactions are exempt from U.S. flag shipping requirements:
The U.S. Maritime Administration (MarAd) offers facilitation services to assist exporters and foreign buyers with obtaining suitable shipping arrangements on U.S.-flag vessels. MarAd may (as part of the facilitation process) work with shippers and U.S.-flag carriers to identify any flexibility in schedules, rates, routes and capacity that would facilitate U.S.-flag vessel availability. In particular, Ex-Im Bank and MarAd encourage the use of Advance Shipping Plans, Booking Subject to Completion and Service Contracts; please refer to a description of these options in www.marad.dot.gov/MarAdShippingGuidanceEx-ImBank. U.S.-flag shipping costs are eligible for Ex-Im Bank financing support as a U.S. services export. Ex-Im Bank strongly encourages exporters and foreign buyers who anticipate receiving a financing commitment from Ex-Im Bank to contact U.S. flag carriers as early as possible to obtain bids for transporting their ocean-bound cargos in order to obtain the most favorable rates and shipping schedule, and to request MarAd facilitation and assistance in identifying available U.S.-flag carriage. Under some limited circumstances, Ex-Im Bank may approve financing of goods shipped on foreign-flag vessels pursuant to a MarAd certification of unavailability of U.S.-flag carriage or other MarAd determination. Shippers should submit requests for such a certification or determination to MarAd pursuant to the criteria and procedures set forth atwww.marad.dot.gov/MarAdShippingGuidanceEx-ImBank. Note that foreign flag shipments eligible for financing under a MarAd reachback determination are limited to 10% of the US ocean-going cargo and financed at 80% of what Ex-Im Bank would ordinarily allow; accordingly, Ex-Im Bank encourages exporters/shippers to enter into compensatory shipping commitments in respect of any previously shipped foreign-flag cargos. Only exports shipped on ocean-going vessels must follow the U.S. shipping requirements since the purpose of PR-17 is to maintain a viable U.S. merchant marine.
Last updated: May 2012 |
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