Summary of a Non-Substantive Change to Form EIB 92-51

Summary of a Non-Substantive Change to Form EIB 92-51

EXIM is requesting a change to Form, EIB 92-51, “APPLICATION FOR SPECIAL BUYER CREDIT LIMIT (SBCL) UNDER MULTI-BUYER EXPORT CREDIT INSURANCE POLICIES”. This change would not be a substantive adjustment. It will bring EIB 92-51 into alignment with the rest of Exim’s application forms.  No information gathering content, public burden, or associated federal costs, are affected, nor would we be changing the structure and the “look and feel” of the interrogative part of the application forms. The requested change is described below.

Remove the text of certifications and covenants that precedes the signature block in the previous revisions of application form EIB 92-51 to make the revised signature block identical to the one on the majority of EXIM application forms. Instead, refer to the separate document with a uniform set of Certifications and Covenants, as referenced on the majority of EXIM application forms. Specifically:

                A – “Applications – Signature Block”.  The standard signature block was previously preceded by two paragraphs, required for ALL of the EXIM applications.  Our request is to delete the set of certifications from the EIB 92-51 application form and incorporate the “Standard Certifications and Covenants” by reference by replacing the text by a linked reference to a separate uniform “Standard Certifications and Covenants,” https://www.exim.gov/sites/default/files/forms/eib18-cn.pdf. The new signature block will allow the signee to assert that they are certifying the assertions in the “Standard Certifications and Covenants.”

                B – “Standard Certifications and Covenants,” is a document that will be referenced in all of the EXIM applications set. These certifications and covenants, set forth in https://www.exim.gov/sites/default/files/forms/eib18-cn.pdf, are posted on EXIM.gov website.  These Standard Certifications and Covenants do not request any information, and thus, of themselves, are not an “information collection”.  By separating them out of each application, we can more easily: i) maintain consistency among the certifications in the applications; and, ii) make changes to the certifications as necessary.