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Products & Policies | Special Initiatives Transportation Security Exports Program (T-SEP) The international trading system is critical to U.S. economic and national security. Consequently, the U.S. government gives high priority to programs that bolster the security of systems that support the movement of passengers and cargo between countries. The Export-Import Bank of the United States (Ex-Im Bank) has responded to the challenge with the Transportation Security Exports Program (T-SEP). This initiative provides enhanced financing support for U.S. exports that are related to international transportation security. Specifically, Ex-Im Bank will provide the following enhancements to its normal support for eligible transportation security transactions under its medium- and long-term insurance, guarantee and loan programs:
These enhancements are intended to facilitate additional purchases of U.S. exports related to transportation security by international buyers. Eligible exports fall in one of two categories: (1) "Transportation Security Exports" or (2) exports related to "Foreign Transportation Security Projects." Transportation Security ExportsThese products and services are designed specifically to enhance and support the security of international transportation systems and include machinery, equipment, goods and services designed to:
Examples of products and services that may be eligible for T-SEP include:
¹Local costs are the value of goods and services originating in the country of the buyer or end-user. ²Net Contract Value is equal to the exporter's contract value less the value of items not shipped from the U.S. and less any Local Costs included in the contract value. Foreign Transportation Security ProjectsThese are foreign projects designed to improve the security of international transportation of passengers and cargo. Transactions are generally not limited by size. Eligibility is subject to existing Ex-Im Bank policies, including foreign content guidelines and adherence to the prohibition of Ex-Im Bank support for defense articles and defense services. Other limitations may apply in cases where the buyer is determined to be a security force (i.e., a law enforcement agency such as the national or municipal police, or an entity operating under the authority of the military or defense ministry). Last reviewed: 20120425 |
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