22 CFR 201.26 - Expenditure of marine insurance loss payments.

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§ 201.26 Expenditure of marine insurance loss payments.
Unless otherwise authorized by USAID, any marine insurance loss payment under a marine insurance policy financed pursuant to this part 201 received by the importer, either directly or indirectly, shall be used by the importer as follows:
(a) To procure from a source specified in the implementing document which originally provided the USAID funds, commodities which have been designated by USAID to the borrower/grantee as eligible for USAID financing; or
(b) To cover the cost of repairs to commodities damaged during shipment.

Title 22 published on 2013-04-01

no entries appear in the Federal Register after this date.

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United States Code
U.S. Code: Title 22 - FOREIGN RELATIONS AND INTERCOURSE