Eib 21-02 Exim Co-financing Certificate

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EXIM CO-FINANCING CERTIFICATE
To:

Export-Import Bank of the United States

From: [Name and U.S. Street Address of Exporter]
Date: ____________, 20___
RE:

EXIM Transaction No.:____________________________
Lead ECA Transaction No.:________________________
Supply Contract/Purchase Order No.(s):1 ___________________
Name/Country of Purchaser: __________________________________________
Name/Country of Main Contractor:_______________________
Name/Country of Lead Export Credit Agency: ____________________________

Check one:

 Initial Co-financing Certificate
 Amended Co-financing Certificate - The following has changed: [specify]

We understand that the Main Contractor has requested export credit support from the Lead
Export Credit Agency (“Lead ECA”), and that the Lead ECA has asked the Export-Import Bank of the
United States ("EXIM") to provide a co-financing/reinsurance commitment in support of the goods
and services listed in EXIM’s letter to us dated [_________, 20__] to be provided under the abovereferenced supply contract(s) or signed purchase order(s) with the Main Contractor and/or the
Purchaser (“Supply Contract/Purchase Order(s)”). To aid EXIM’s determination of its ability to
issue such commitment to the Lead ECA, and the scope thereof, we hereby certify as follows:
PART A: CONTENT
1. Content. This information is based on our best efforts to assess the value of the goods and
services (“Goods” and “Services”) to be provided under the Supply Contract/Purchase Order(s),
including any local cost goods and services for which EXIM support is requested. Content changes
may need to be reported via an amended Co-financing Certificate (see Part D below). Check one:
❑

❑

The Goods and Services contain only U.S. Content: the U.S. Content Percentage is 100%
(i.e., no Foreign Content, Local Costs, or Excluded Goods and Services (defined below)).
Please do not complete the table if this box is checked.
The Goods and Services contain less than 100% U.S. Content. Please complete the

1 Note: Medium-term (non-limited recourse project finance) transactions: if any Local Costs for which EXIM support is sought are not
included in the Exporter’s supply contract(s)/purchase order(s), any such other contracts containing eligible Local Costs must
also be included in this list and will be covered by the certifications made by the Exporter in this Co-financing Certificate. For more
information: http://www.exim.gov/policies/local-cost.

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table if this box is checked.
Definition
A.

Supply
Contract/
Purchase
Order(s)

The aggregate price of all Goods and Services in the Supply
Contract/ Purchase Order(s).

B.

Excluded Goods
and Services

The aggregate price of all Goods and Services that are not
eligible for (or excluded from) EXIM support (e.g., goods not
shipped from the U.S.)

C.

Contract Price

A minus B

D.

Local Costs

The aggregate price of all Goods originated/manufactured
in the Purchaser’s country and all Services provided by
residents of the Purchaser’s country.

E.

Net Contract
Price

C minus D

F.

Foreign Content

The aggregate cost to the Exporter of any Goods (or
components thereof) that were produced or manufactured
outside the U.S., services provided by third country-resident
personnel, and foreign freight costs and foreign insurance
included in the Net Contract Price for Goods exported from
the U.S. (Such amount shall not include any Local Costs.)

G.

U.S. Content

E minus F

H.

U.S. Content
Percentage

G divided by E, expressed as a percentage.

USD

%

PART B: SHIPPING
2. Shipping Requirements. The Goods have been / will be shipped to:
❑ Purchaser
❑ Main Contractor
❑ Other [please explain]
______________________________________________________________________________
If this transaction qualifies as a PR-17 eligible transaction as noted in EXIM’s letter to us dated
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[_________, 20__], we certify that:
i.

Goods that are originated/manufactured in the U.S. and transported by
ocean vessel have been and/or will be shipped in vessels of U.S. registry,
unless a certification or determination of this requirement has been
approved by the Maritime Administration (MARAD), a branch of the U.S.
Department of Transportation; and

ii.

We will promptly submit an ocean shipping report (referencing the relevant
EXIM Transaction Number and including a description identifying such
Goods shipped thereunder) attaching copies of ocean bills of lading and any
MARAD waivers (if applicable), to the Credit Administration and Claims
Processing Division of EXIM by email at credit.administration@exim.gov,
following each shipment of such Goods.

PART C: CERTIFICATIONS, CHANGES AND EXIM RELIANCE
1. Changes to Content. With respect to Part A: Content, above we will promptly complete and
submit an Amended Co-financing Certificate if there has been a “material change” in the U.S.
Content Percentage (together with a copy of the completed “Disbursement Percentage
Calculator” found at http://www.exim.gov/tools-for-exporters/credit-administration- andoperations/disbursement-calculator) prior to any further presentation of invoices for payment.
A “material change” in the U.S. Content Percentage occurs if (i) the U.S. Content Percentage has
decreased by more than 5% (as compared to the U.S. Content Percentage reported in the
initial Co-financing Certificate) and (ii) aggregate foreign content is over 20% (i.e., the new
U.S. Content Percentage is less than 80%).
With respect to Part B: Cash Payment, we will promptly complete and submit an Amended Cofinancing Certificate if there has been any change regarding, or if we have obtained new
information or documentation in connection with the Cash Payment.
With respect to Part C: Certifications, Changes and EXIM Reliance, if any of the certifications
made therein become untrue, we will promptly submit an amended Co-financing Certificate,
noting the changes and with any required attachments, prior to any further presentation of
invoices for payment.
2. EXIM Reliance. The undersigned authorized representative, on our behalf, further certifies
that the representations made and the facts stated in this Co-financing Certificate are true to
the best of our knowledge and belief, and we have not misrepresented or omitted any
material facts. We understand that EXIM will rely on the certifications and representations
made in this Co-financing Certificate; we agree we are liable for any damages suffered by
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EXIM’s reliance. We also understand that these certifications are subject to penalties for
fraud and for providing false documentation, including, but not limited to, those penalties
provided for in Article 18 United States Code, Section 1001. We agree that presentation of
invoices to a guaranteed/insured lender or EXIM for payment, under the EXIM
Credit/Guarantee/Insurance, is a confirmation and re-certification by us of the
information and certifications made herein. We agree to provide additional information
with respect to any of the matters covered in this Co-financing Certificate upon EXIM’s
reasonable written request.
3. Consent to Disclosure. We consent to the disclosure of EXIM of information obtained from
us to the Lead Export Credit Agency.
4. Certifications and Signature
Please refer to the Certifications and Covenants for Direct Loan and Medium Term/Long Term
Exporter’s Certificates (Part D: Additional Certifications) posted on EXIM’s website as
document EIB 15-05. THE CERTIFICATIONS AND COVENANTS FOR EXPORTER’S
CERTIFICATES ARE INCORPORATED INTO THIS CO-FINANCING CERTIFICATE AS IF FULLY
SET FORTH HEREIN. When signing this Co-financing Certificate in the space provided below,
the undersigned authorized representative signing on our behalf certifies and represents
that the undersigned is fully authorized to sign on our behalf, and that THE UNDERSIGNED
HAS READ the Certifications and Covenants for Direct Loan and Medium Term/Long Term
Exporter’s Certificates (Part D: Additional Certifications) referenced above AND IS CERTIFYING
AND COVENANTING, as appropriate, to all of the certifications, acknowledgements and
covenants set forth in that document.
I, ______________, do hereby certify that I am the duly appointed and qualified ___________________
of _____________________ and that as such I am authorized to execute this Co-financing
Certificate on behalf of ____________________.
In witness whereof, I have hereunto signed my name this ____ day of __________________, 20 ____.
Name of Exporter:
_____________________________________________________
By: _________________________________________________ (Authorized Representative)
Name: ______________________________________________
Title: _______________________________________________
Tel. #: ______________________________________________
Email: ______________________________________________
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INSTRUCTIONS TO EXPORTERS:
General:
Please note that the “Purchaser” refers to the ultimate buyer outside both the U.S. and the Lead ECA’s
country. For example, if the exporter is performing under a subcontract to a Main Contractor based
in the Lead ECA’s country, the purchaser under the Main Contractor’s export contract is considered
the “Purchaser.”
Part A: Content
The information provided in Part A will be used to determine the total amount of the EXIM cofinancing/reinsurance commitment to the Lead ECA for this transaction. Please refer to EXIM’s Fact
Sheets on Foreign Content, Local Costs, and Ancillary Services at http://www.exim.gov/policies/ for a
further explanation of EXIM’s content and cover policies.
Part B: Shipping
For a further explanation of EXIM’s shipping requirements, please refer to www.marad.dot.gov and
EXIM’s Fact Sheet on Shipping Requirements at http://www.exim.gov/policies/us-flag-shippingrequirements. EXIM has indicated in its cover letter whether PR 17/Part B is applicable to this
transaction. If you have any questions, please contact the EXIM loan officer.
Part C: Certifications
The certifications in Part C cover all Goods and Services (both sourced from the U.S. and from the
Purchaser’s country (i.e., local costs), if any) to be supported by EXIM under its cofinancing/reinsurance commitment to the Lead Export Credit Agency. If local costs are to be included
in the scope of its support, EXIM Bank will list such local cost Goods and Services in its cover letter
requesting this certificate. If you have any further questions about the Goods and Services (including
local cost Goods and Services) covered by this certificate or are unable to make the necessary
certifications as to local costs, please contact your EXIM loan officer.
Initial Co-financing Certificate
The Certificate must be completed by the U.S. Exporter and presented to EXIM prior to EXIM ’s final
approval of its commitment to the Lead Export Credit Agency. Co-financing Certificates are also to be
completed by providers of ancillary services (such as banking, financial advisor, technical consultant,
and legal) if EXIM support for such services has been requested.
Amended Co-financing Certificates
If an amended Certificate is required pursuant to Part C. 1. of the Certificate, the U.S. Exporter should
check the “Amended Co-financing Certificate” box at the top of the Certificate and note the change
being reflected in the amended Certificate.

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Amended Certificates are to be emailed directly to EXIM’s Credit Administration and Claims Processing
Division at credit.administration@exim.gov.
Links and Additional Information
For information regarding the Co-financing Certificate (and other helpful facts regarding Co-financing),
go to http://www.exim.gov/policies/co-financing. Should you have any further questions regarding
the Co-financing Exporter’s Certificate, please call the Credit Administration and Claims Processing
Division at (202) 565-3612 or email credit.administration@exim.gov.
Paperwork Reduction Act Statement: We estimate that it will take you about 30 minutes to complete this form. This
includes the time it will take to read the instructions, gather the necessary facts and fill out the form. However, you are not
required to provide information requested unless a valid OMB control number is displayed on the form. If you have
comments or suggestions regarding the above estimate or ways to simplify this form, forward correspondence to EXIM
and the Office of Management and Budget, Paperwork Reduction Project, OMB # ####-#### Washington, D.C. 20503.

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