GSM-102 Credit Guarantees To Russian Federation

Total Amount Available:        $137,500,000

Geographical Area: Russian Federation (Russia)

APPLICATIONS FOR COVERAGE

CCC will initially consider applications under this announcement received between 9 a.m. (Eastern Time) and 4 p.m. (Eastern Time) on Nov. 22, 2013. All applications received by CCC within these times will be considered as having been received at the same time. Therefore, exporters should submit only one copy of each application. If the total dollar amount of the applications received within the time frame specified above exceeds the total dollar amount of the announced allocations, CCC will determine the distribution of the announced allocation. Applications received after the ending date and time specified in this announcement will be considered on a first-come, first-serve basis.

TERMS OF COVERAGE

Coverage is available, subject to the exceptions noted in the tables below, to cover sales of any of the commodities specified in the GSM list of commodities. The latest commodity list can be obtained by accessing the Foreign Agricultural Service (FAS) Web page at http://www.fas.usda.gov/programs/export-credit-gurantee-program-gsm-102/eligible-commodities-under-gsm-102-program.

Commodity Line 1
Allocated Coverage
All Commodities excluding live animals
$125,000,000

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 beef, pork, poultry, and live animals 
$12,500,000

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 RUSSIAN FEDERATION (RUSSIA)          

Any bank approved by CCC for this country is eligible. For a complete list of eligible banks, refer to the CCC “GSM Program Foreign Bank Obligors” Web page located at http://www.fas.usda.gov/programs/resources/gsm-102-approved-foreign-financial-institutions. 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