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[Federal Register: January 12, 2010 (Volume 75, Number 7)]
[Notices]               
[Page 1619-1620]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12ja10-58]                         

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EXPORT-IMPORT BANK OF THE U.S.

[Public Notice 141]

 
Agency Information Collection Activities: Comment Request

AGENCY: Export-Import Bank of the U.S.

ACTION: Submission for OMB Review and Comments Request, OMB 3048-0020.

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Form Title

Notification by Insured of Amounts Payable Under Multi-Buyer Export 
Credit Insurance Policy (Standard Assignment) EIB 92-31.
Notification by Insured of Amounts Payable Under Single Buyer Export 
Credit Insurance Policy (Standard Assignment) EIB 92-32.
Small Business Multi-Buyer Export Credit Insurance Policy Enhanced 
Assignment of Policy Proceeds EIB 92-53.
Small Business Single Buyer Export Credit Insurance Policy Enhanced 
Assignment of Policy Proceeds EIB 99-17.
SUMMARY: The Export-Import Bank of the United States (Ex-Im Bank), as a 
part of its continuing effort to reduce paperwork and respondent 
burden, invites the general public and other Federal Agencies to 
comment on the proposed information collection, as required by the 
Paperwork Reduction Act of 1995. By neutralizing the effect of export 
credit insurance and guarantees offered by foreign government and by 
absorbing credit risks that the provide section will not accept, Export 
Import Bank enables U.S. exporters to compete fairly in foreign 
markets. These collections of information are used by exporters to 
convey legal rights to their financial institution lenders to share 
insurance policy proceeds from Export Import Bank approved insurance 
claims.
    Changes to Form: Notification by Insured of Amounts Payable under 
Multi-Buyer Export Credit Insurance Policy (Standard Assignment) EIB 
92-31.

Section B 5(b)

    Change:

    in the event Ex-Im Bank approves the Insured's claim for 
payment, a check will be issued payable to the order of the Insured, 
unless the Insured provides the name of an assignee on the ``Notice 
of Claim and Proof of Loss'' in which case a check will be forwarded 
to the assignee, made payable jointly to the order of the Insured 
and the assignee named on the Notice of Claim and Proof of Loss.

    To:

    in the event Ex-Im Bank approves the Insured's claim for 
payment, a wire transfer will be made to an assignee designated by 
the Insured on the ``Notice of Claim and Proof of Loss.''

Section C 2(b)

    Change:

    to make all claim payments relating to this assignment by check 
forwarded to the Assignee, made payable jointly to the order of the 
Insured and the Assignee.

    To:

    to make all claim payments relating to this assignment by wire 
transfer to the Assignee, payable to the Assignee.

    Changes to form: Notification by Insured of Amounts Payable under 
Single Buyer Export Credit Insurance Policy (Standard Assignment) EIB 
92-32.

Section B 3(b)

    Change:

    in the event Ex-Im Bank approves the Insured's claim for 
payment, a check will be issued payable to the order of the Insured, 
unless the Insured provides the name of an assignee on the ``Notice 
of Claim and Proof of Loss''. In which case a check will be 
forwarded to the assignee, made payable jointly to the order of the 
Insured and the assigned named on the Notice of Claim and Proof of 
Loss.

    To:

    in the event Ex-Im Bank approves the Insured's claim for 
payment, a wire transfer will be made to an assignee designated by 
the Insured on the ``Notice of Claim and Proof of Loss.''

Section C 2(b)

    Change:

    to make all claim payments relating to this assignment by check 
forwarded to the Assignee, made payable jointly to the order of the 
Insured and the Assignee.

    To:

    to make all claim payments relating to this assignment by wire 
transfer to the Assignee, payable to the Assignee.

    Changes to Form: Small Business Multi-Buyer Export Credit Insurance 
Policy Enhanced Assignment of Policy Proceeds EIB 92-53.

Section C.2. (c)

    Change:


[[Page 1620]]


    A bill of lading identifying the Insured and the Buyer and 
evidencing the export of the products shipped; and

    To:

    A bill of lading (or other shipping documents) identifying the 
Insured and the Buyer and evidencing the export of the products 
shipped; and

Section D 2

    Change:

    If in Ex-Im Bank's sole discretion, it determines that the 
Insured has complied with the terms of the Policy and the Agreements 
of the Insured contained herein, amounts payable under the Policy 
will be made jointly to the Assignee and the Insured; otherwise 
payable under the Policy and this Agreement will be made solely to 
the Assignee.

    To:

    If in Ex-Im Bank's sole discretion, it determines that the 
Insured has complied with the terms of the Policy and the Agreements 
of the Insured contained herein, amounts payable under the Policy 
will be made solely to the Assignee by wire transfer.

    Changes to Form: Small Business Single Buyer Export Credit 
Insurance Policy Enhanced Assignment of Policy Proceeds EIB 99-17.

Section C.2. (c)

    Change:

    A bill of lading identifying the Insured and the Buyer and 
evidencing the export of the products shipped; and

    To:

    A bill of lading (or other shipping documents) identifying the 
Insured and the Buyer and evidencing the export of the products 
shipped: and

Section D 2

    Change:

    If in Ex-Im Bank's sole discretion, it determines that the 
Insured has complied with the terms of the Policy and the Agreements 
of the Insured contained herein, amounts payable under the Policy 
will be made jointly to the Assignee and the Insured; otherwise 
payable under the Policy and this Agreement will be made solely to 
the Assignee.

    To:

    If in Ex-Im Bank's sole discretion, it determines that the 
Insured has complied with the terms of the Policy and the Agreements 
of the Insured contained herein, amounts payable under the Policy 
will be made solely to the Assignee by wire transfer

Section F

    Add a new sub-section 4 as follows:

    4. that represents exclusively invoices for services, unless 
prior approval is obtained from Ex-Im Bank.

Sections G.3, G.4, G.5, G.6 and G.8

    Change:

    The numbering sequence of these sections

    To:

    Sections G.4, G.5, G.6, G.7, G8

    And insert as a new Section G.3.
    To:

    G.3. Ex-Im Bank has the right to amend or cancel this Agreement 
upon written notice to both the Assignee and the Insured. Such 
notice shall be effective seven (7) business days after the date of 
the notice and apply to shipments after the effective date of the 
notice. Neither the Assignee nor the Insured may amend or cancel 
this Agreement without the written consent of all parties to this 
Agreement, including Ex-Im Bank.

DATES: Comments should be received on or before (30 days after 
publication) to be assured of consideration.

ADDRESSES: Comments maybe submitted through http://www.regulations.gov 
or mailed to: Office of Management and Budget, Office of Information 
and Regulatory Affairs, 725 17th Street, NW., Washington, DC 20038.

SUPPLEMENTARY INFORMATION:

Titles and Form Numbers

Notification by Insured of Amounts Payable Under Multi-Buyer Export 
Credit Insurance Policy (Standard Assignment) EIB 92-31.
Notification by Insured of Amounts Payable Under Single Buyer Export 
Credit Insurance Policy (Standard Assignment) EIB 92-32.
Small Business Multi-Buyer Export Credit Insurance Policy Enhanced 
Assignment of Policy Proceeds EIB 92-53.
Small Business Single Buyer Export Credit Insurance Policy Enhanced 
Assignment of Policy Proceeds EIB 99-17.

    OMB Number: 3048-0020.
    Type of Review: Regular.
    Need and Use: The information collected will be used to make a 
determination of eligibility under the Ex-Im Bank's short-term 
insurance program.
    Affected Public: This form affects entities involved in the export 
of U.S. goods and services.
    Annual Number of Respondents: 400.
    Estimated Time per Respondent: 1 hour.
    Government Annual Burden Hours: 400.
    Frequency of Reporting or Use: Annual for an enhanced assignment. 
Once for the life of a policy for the standard Assignment.

Sharon A. Whitt,
Agency Clearance Officer.
[FR Doc. 2010-360 Filed 1-11-10; 8:45 am]
BILLING CODE 6690-01-P
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