Foreig n Exchange Costs Clause Samples
Foreig n Exchange Costs. (a) Except for ocean 'shipping, disbursements pursuant to Section 8.1 will be used exclusively to finance the costs of goods and services required for the Project having their source and origin in countries included in Code 941 of the A.I.D. Geographic Code Book as in effect at the time orders are placed or contracts entered into for such goods and services ("Foreign Exchange Costs"), except as A.I.D. may otherwise agree in writing, and except as provided in the Project Loan Standard Provisions Annex, Section C.l(b) with respect to marine insurance,
(b) Ocean transportation costs will be financed under the Loan only on vessels under flag registry of the United States or Guyana, except as A.I.D. may otherwise agree in writing.
Foreig n Exchange Costs. (a) Disbursements under the Loan pursuant to Section 8.1 will be used exclusively to finance the costs of goods and services required for the Project having their source and origin in Guyar.a and/or countries included in Code 94,l of the A.I.D. Geographic Code Book as in effect at the time orders are placed or contracts entered into for such goods and services, and disbursements under the Grant pursuant to Section 8.1 will be used exclusively to finance the costs of goods and services required far. the-Project having their source.and origin in the United States (Code 000 of the A.I.D. Geographic Code Book as in effect at the time orders are . placed or contracts entered into for such goods or services) ("Foreign Exchange Costs"), e&ceptgas A.I.D. may otherwise agree in writing, and except as provided in the Standard Provisions Annex, Section C.l(b) with respect to marine insurance.
(b) Except as A.I.D. may otherwise �ee in writing, ocean shipping will be financed under the Loan only on vessles under flag registry of U.S. or Guyana.