OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Exporters Certificate for Use with a Short Term Export Credit Insurance Policy

ICR 201204-3048-002 · OMB 3048-0041 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form EIB 94-07 Exporters Certificate for Use with a Short Term Export Credit Insurance Policy Form and Instruction New Repair queued
Supporting_Statement_EIB_94-07[1].doc Supporting Statement A Uploaded 2012-05-08 Available
IC Document Collections
IC IDCollectionTypeStatusForm
202091 Exporters Certificate for Use with a Short Term Export Credit Insurance Policy Form and Instruction New
ICR Details
3048-0041 201204-3048-002
Historical Active
EXIMBANK EIB 94-07
Exporters Certificate for Use with a Short Term Export Credit Insurance Policy
New collection (Request for a new OMB Control Number)   No
Emergency 05/18/2012
Approved with change 05/08/2012
Retrieve Notice of Action (NOA) 04/27/2012
  Inventory as of this Action Requested Previously Approved
11/30/2012 6 Months From Approved
2,500 0 0
625 0 0
78 0 0
Ex-Im Bank is requesting an emergency approval of Ex-Im Bank form EIB 94-07, Exporter's Certificate For Use With A Short Term Export Credit Insurance Policy. Ex-Im Bank's financial institution policy holders provide this form to U.S. exporters, who certify to the eligibility of their exports for Ex-Im Bank support. The completed forms are held by the financial institution policy holders, only to be submitted to Ex-Im Bank in the event of a claim filing. A requirement of Ex-Im Bank's policies is that the insured financial institution policy holder obtains a completed Exporter's Certificate at the time it provides financing for an export. Ex-Im Bank believes that EIB 94-07 requires emergency approval in order to continue operation of its short term financial institution programs. It is an integral component of the program and is heavily used. Lack of an emergency approval of this form would preclude our ability to continue operation of its short term financial institution programs.
Emergency Justification for EIB 94-07 – Exporter’s Certificate for Use with a Short Term Export Credit Insurance Policy. Ex-Im Bank is requesting an emergency approval of Ex-Im Bank form EIB 94-07, Exporter’s Certificate for Use with a Short Term Export Credit Insurance Policy. Ex-Im Bank’s financial institution policy holders provide this form to U.S. exporters, who certify to the eligibility of their exports for Ex-Im Bank support. The completed forms are held by the financial institution policy holders, only to be submitted to Ex-Im Bank in the event of a claim filing. A requirement of Ex-Im Bank’s policies is that the insured financial institution policy holder obtain a completed Exporter’s Certificate at the time it provides financing for an export. Ex-Im Bank believes that EIB 94-07 requires emergency approval in order to continue operation of its short term financial institution programs. It is an integral component of the program and is heavily used. Ex-Im Bank developed the referenced form to obtain exporter certification regarding the export transaction, U.S. content, non-military use, non-nuclear use, compliance with Ex-Im Bank’s country cover policy, and their eligibility to participate in USG programs. These details are necessary to determine the legitimacy of claims submitted. It also provides the financial institution policy holder a check on the export transaction’s eligibility, at the time it is fulfilling a financing request. Lack of an emergency approval of this form would preclude our ability to continue operation of its short term financial institution programs. Without this form, it would be impossible for financial institution policy holders to comply with the requirements of their policies. Further it would not be prudent to delete this requirement, from the policies, as this could possibly lead to support of exports that do not align with Ex-Im Bank’s mandates and USG requirements. This would adversely impact Ex-Im Bank’s ability to finance small business exporters and its overall mission to support U.S. exports and maintain U.S. jobs. Accordingly, Ex-Im Bank requests emergency approval of EIB 94-07 in order to continue operation of this important export program.
US Code: 12 USC 635 Name of Law: Export Import Act
  
None
Not associated with rulemaking
  77 FR 55 03/21/2012
No
  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 2,500 0 0 2,500 0 0
Annual Time Burden (Hours) 625 0 0 625 0 0
Annual Cost Burden (Dollars) 78 0 0 78 0 0
Yes
Miscellaneous Actions
No
This is a new form the Bank is requesting an Emergency Approval. The estimated burden was calculated based on the number of forms received in the past 12 months.
$1,131
No
No
No
No
No
Uncollected
Sharon Whitt 202 565-3325 [email protected]
  No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
04/27/2012