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

Forms and Documents

Document Name	Status
Form EIB 94-07 Exporters Certificate for Use With a Short Term Export Credit Insurance Policy Form and Instruction	Modified
Supporting-Statement-EIB-94-07.doc Supporting Statement A	2015-10-15

IC Document Collections

IC ID	Document Title	Status
203594	Exporters Certificate for Use With a Short Term Export Credit Insurance Policy Form and Instruction	Modified

ICR Details

OMB Control No: 3048-0041	ICR Reference No: 201510-3048-002
Status: Historical Active	Previous ICR Reference No: 201208-3048-002
Agency/Subagency: EXIMBANK	Agency Tracking No: EIB 94-07
Title: Exporters Certificate for Use with a Short Term Export Credit Insurance Policy
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/20/2015
	Date Received in OIRA: 10/15/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2018	36 Months From Approved	11/30/2015
Responses	240	0	2,500
Time Burden (Hours)	28	0	292
Cost Burden (Dollars)	792	0	8,250

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Abstract: 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 is a necessary part of its short term financial institution programs. It is an integral component of the program and is heavily used. Lack of approval for this form would preclude our ability to continue operation of its short term financial institution programs.

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Authorizing Statute(s): US Code: 12 USC 635 Name of Law: Export Import Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 46578	08/05/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 61419	10/13/2015
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Exporters Certificate for Use With a Short Term Export Credit Insurance Policy	EIB 94-07	Exporters Certificate for Use with a Short Term Export Credit Insurance Policy

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ICR Summary of Burden

	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	240	2,500	0	-2,260	0	0
Annual Time Burden (Hours)	28	292	0	-264	0	0
Annual Cost Burden (Dollars)	792	8,250	0	-7,458	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The annual burden for respondents to the Exporter’s Certificate for Use with a Short Term Export Credit Insurance Policy has declined as this information collection is only used by exporters under EXIM Bank’s bank-held insurance policies, as opposed to the previously assumed all short-term insurance policies. Based on activity in the bank-held insurance program over the previous 3 calendar years, the average annual number of respondents would be 240. EXIM Bank has updated its total government cost methodology. As a result of those two changes, the total government cost burden has declined.

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Annual Cost to Federal Government: $612

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 10/15/2015

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