[Federal Register Volume 74, Number 204 (Friday, October 23, 2009)]
[Notices]
[Pages 54816-54818]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-25543]


-----------------------------------------------------------------------

EXPORT-IMPORT BANK OF THE U.S.

[Public Notice 127]


Agency Information Collection Activities: Comment Request

AGENCY: Export-Import Bank of the U.S.

ACTION: Submission for OMB Review and comments request.

-----------------------------------------------------------------------

    Form Title:
    Notification by Insured of Amounts Payable Under Multi-Buyer Export

[[Page 54817]]

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 governments and by 
absorbing credit risks that the private sector 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
    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

[[Page 54818]]

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 December 22, 2009 to be 
assured of consideration.

ADDRESSES: Comments may be submitted through http://www.regulations.gov 
or mailed to: Michele Kuester, Export Import Bank of the United States, 
811 Vermont Ave., NW., Washington, DC 20571.

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. E9-25543 Filed 10-22-09; 8:45 am]
BILLING CODE 6690-01-P