GSM-102 Credit Guarantees To Africa-Middle East Region

The U.S. Department of Agriculture amends the availability of the following credit guarantees for sales of U.S. agricultural commodities under the Commodity Credit Corportation's (CCC) Export Credit Guarantee Program (GSM-102) for fiscal year 2014. 

Additional Amount Available:        $200,000,000

Geographical Area: Afghanistan, Algeria, Angola, Bahrain, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Cote d’Ivoire, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Iraq, Israel, Jordan, Kenya, Kuwait, Lebanon, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Oman, Pakistan, Qatar, Republic of the Congo, Republic of South Sudan, Rwanda, Saudi Arabia, Senegal, Seychelles, Sierra Leone, South Africa, Swaziland, Tanzania, Togo, Tunisia, Uganda, United Arab Emirates, West Bank/Gaza, Yemen, Zambia, and Zimbabwe

APPLICATIONS FOR COVERAGE

Exporters may apply for credit guarantees on a first-come first-serve basis.

TERMS OF COVERAGE

Coverage is available to cover sales of any of the commodities specified in the GSM Eligible Commodities list. 

Exporters’ contractual arrangements must call for exports no later than 90 days from the date of registration or Nov. 30, 2014, whichever date is earlier.

PREVIOUSLY ANNOUNCED ALLOCATIONS

Commodity Line 1
Allocated Coverage
All commodities
$350,000,000

For commodity line 1, exporters’ contractual arrangements must call for exports no later than 90 days from the date of registration or Nov. 30, 2014, whichever date is earlier.

Commodity Line 2
Allocated Coverage
All commodities excluding soybeans and soybean products, corn, wheat, rice, cotton, corn gluten feed, corn gluten meal, and distillers dry grain
$25,000,000

For commodity line 2, exporters’ contractual arrangements must call for exports no later than 365 days from the date of registration or Nov. 30, 2014, whichever date is earlier.

ELIGIBLE BANKS IN THE AFRICA-MIDDLE EAST REGION           

Any bank approved by CCC for this region is eligible. For a complete list of eligible banks, refer to the CCC “GSM Program Foreign Bank Obligors” page. Exporters are advised to obtain from their foreign buyer the name of the CCC‑approved foreign bank that will be opening the letter of credit.

POINTS OF CONTACT

For further information, contact the Registrations and Operations Branch of FAS at (202) 720-3224, or by e-mail at gsm.registrations@fas.usda.gov.

GENERAL TERMS

For a list of all general terms applicable to GSM-102 program announcements, please click here