GSM-102 Credit Guarantees To Turkey
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 2015.
Additional Amount Available: $300,000,000
Geographical Area: Republic of Turkey (Turkey)
APPLICATIONS FOR COVERAGE
Exporters may applyt for guarantee coverage 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, 2015, whichever date is earlier.
ELIGIBLE BANKS IN THE REPUBLIC OF TURKEY
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” 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.
For a list of all general terms applicable to GSM-102 program announcements, please click here.