EXIM tweaks export certificate for smoother claims
Published Date: 2/28/2025
Notice
Summary
The Export-Import Bank (EXIM) is asking for public feedback on a form U.S. exporters use to prove their shipments qualify for export credit insurance. This form helps banks and EXIM check that exports meet all rules before paying claims. Comments are due by March 31, 2025, and this update aims to keep paperwork simple and clear for everyone involved.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Exporters must sign EIB 94-07 certificate
If you export U.S. goods or services and receive short-term financing or an export letter of credit covered by EXIM insurance, the financial institution must obtain a completed Exporters Certificate (Form EIB 94-07) at the time it provides financing. The form requires exporter certification about the export transaction, U.S. content, non-military use, non-nuclear use, compliance with EXIM's country cover policy, and eligibility for U.S. Government programs; completed forms are held by the financial institution and submitted to EXIM only if a claim is filed.
Estimated paperwork time and burden
EXIM estimates the form will affect 240 respondents annually, with an estimated time of 15 minutes per respondent and a total annual burden of 60 hours. The form is identified as OMB Number 3048-0041.
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Key Dates
Related Federal Register Documents
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