Ocean Transportation — MARAD Waivers. If any of the Goods are to be or were previously exported on ocean vessels that are not vessels of U.S. registry, the Borrower must obtain a waiver from the provisions of 46 U.S.C. §1241-1 (Public Resolution No. 17 of the 73rd Congress of the United States, as amended). An application for waiver must be submitted to the U.S. Maritime Administration (“MARAD”) at the following address: Director, Office of Market Development, Room 7207, Maritime Administration, Department of Transportation, 400 0xx Xxxxxx, X.X., Xxxxxxxxxx, XX 00000 (with a copy to Ex-Im Bank). For further information about PR17 waivers, please contact MARAD or go to its website at hxxx://xxx.xxxxx.xxx.xxx. Each application for such waiver must be submitted to MARAD sufficiently in advance of the intended shipping date in order to allow MARAD adequate opportunity to process the application. If any of the Goods are or were shipped on ocean vessels of non-U.S. registry without a MARAD waiver, or contrary to the Exhibits to Annex B:
Ocean Transportation — MARAD Waivers. If any of the Goods are to be or were previously exported on ocean vessels that are not vessels of U.S. registry, the Borrower must obtain a waiver from the provisions of 46 U.S.C. Section 1241-1 (Public Resolution No. 17 of the 73rd Congress of the United States, as amended). An application for waiver must be submitted to the U.S. Maritime Administration ("MARAD") at the following address: Director, Office of Market Development, Room 7207, Maritime Administration, Department of Transportation, 000 0xx Xxxxxx, X.X., Xxxxxxxxxx, XX 00000 (with a copy to Ex-Im Bank). For further information about PR17 waivers, please contact MARAD or go to its website at xxxx://xxx.xxxxx.xxx.xxx. Each application for such waiver must be submitted to MARAD sufficiently in advance of the intended shipping date in order to allow MARAD adequate opportunity to process the application. If any of the Goods are or were shipped on ocean vessels of non-U.S. registry without a MARAD waiver, or contrary to the provisions of a MARAD waiver, such Goods will not be eligible for financing under the Guaranteed Credits. Exhibits to Annex B: +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ The following is included for informational purposes only, and is not part of the Agreement: Because the Exporter(s) (and Ancillary Services Provider(s), if any) and the L/C Bank are not parties to the Agreement, the Borrower and the Facility Agent will need to take the following steps to ensure that the Guaranteed Credit is disbursed in a timely fashion:
1. The Borrower should advise the Exporter(s) (and any Ancillary Services Provider(s)) of the provisions of this Agreement that will require its cooperation, including, without limitation, the requirement that the relevant initial Exporter's Certificate be completed and submitted prior to the first to occur of the Initial Disbursement or the initial Utilization. The Borrower should also advise the Exporter(s) (and any Ancillary Services Provider(s)) of its obligation, as described in Section 7 of the Exporter's Certificate, to submit an amended Exporter's Certificate if the information or certifications set forth in a previously submitted Exporter's Certificate become untrue.
2. If the Borrower would like to use the L/C Procedure, the Borrower must make appropriate arrangements with the L/C Bank regarding the issuance, confirmation or advice of the Letters of Credit and the payment of any fees that the L/C Bank may charge. The Lender an...
