§ 201.46. Compensation to supplier if shipment is prohibited.
150 words·~1 min read·
/us/cfr/t22/s§ 201.46·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Payment to supplier. USAID shall make appropriate payment to a supplier for the value of USAID-financed commodities available for immediate shipment from the United States if all the following conditions are satisfied:
(1)Shipment is prohibited by order of the U.S. Government and such order has general application to all shipments to the cooperating country.
(2)Payment may not be made by the bank under the terms of the letter of credit or payment instructions.
(3)The supplier is unable to dispose of the commodities without loss.
(4)The supplier tenders to USAID a negotiable warehouse receipt covering the commodities in question and presents to USAID such other documentation required by § 201.52 as may be appropriate under the circumstances.
(b)Other settlement. In lieu of accepting title to the commodities, USAID may negotiate with the supplier such other settlement as may be fair and equitable under the circumstances.