2025-01250NoticeWallet

Exporters' Insurance Form Gets Digital Facelift

Published Date: 1/21/2025

Notice

Summary

The Export-Import Bank is updating its form for U.S. exporters to apply for short-term credit insurance, making it easier to submit on paper or online. This helps exporters protect their sales and meet legal rules while cutting down on paperwork. Comments on this update are open until February 20, 2025, and about 310 exporters will be affected, spending roughly 1.5 hours each to complete the form.

Analyzed Economic Effects

3 provisions identified: 2 benefits, 1 costs, 0 mixed.

Form Required to Obtain EXIM Assurance

The EIB 92-64 application collects information EXIM needs to provide the legislatively required assurance of repayment and to meet other statutory requirements. If you want EXIM short-term single-buyer export credit insurance, you must provide the information requested on this form.

File EXIM Form by Paper or Online

If you export U.S. goods or services and apply for EXIM short-term single-buyer insurance (Form EIB 92-64), you may submit the application on paper or electronically. The agency says the change is intended to reduce paperwork and make submitting the application easier.

Estimated Time to Complete Form

About 310 exporters are expected to complete Form EIB 92-64 each year, and the agency estimates each respondent will spend 1.50 hours completing the form. EXIM reports a total annual burden of 465 hours for this information collection.

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Key Dates

Published Date
1/21/2025

Department and Agencies

Department
Independent Agency
Agency
Export-Import Bank
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