|
What Every Importer Should Know About the GSM-102 and GSM-103 Programs (2748 words) |
 | If the importer's bank fails to make payment for any reason, the financial institution in the United States may file a claim with the CCC for amounts due and covered by the guarantee. |
| Importers in some countries may be constrained by their own government's rules and regulations concerning the importation of certain products or the ability to set up the letter of credit as required by the CCC. |
| An eligible bank for the importer's country or region establishes a credit line with an eligible financial institution in the United States, the terms of which can be made consistent with terms of coverage announced by the CCC for the importing country. |
Feeds |
Contact