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Code of Federal Regulations Title 22. Foreign Relations § 22.201.47 Use of marine insurance loss proceeds

Current as of January 02, 2025 | Updated by Findlaw Staff

The borrower/grantee shall pay promptly to USAID a sum equal to the proceeds received by an importer or its assignee in settlement of a marine insurance claim under a marine insurance policy financed pursuant to this part 201, if such proceeds are not expended in the manner provided by § 201.26 within a reasonable period after receipt by the importer.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 22. Foreign Relations § 22.201.47 Use of marine insurance loss proceeds - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-22-foreign-relations/cfr-sect-22-201-47/

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