StacksVerified U.S. regulatory reference

22 CFR §201.26

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Unless otherwise authorized by USAID, any marine insurance loss payment under a marine insurance policy financed pursuant to this part 201 received by the importer, either directly or indirectly, shall be used by the importer as follows:
  1. (a)To procure from a source specified in the implementing document which originally provided the USAID funds, commodities which have been designated by USAID to the borrower/grantee as eligible for USAID financing; or
  2. (b)To cover the cost of repairs to commodities damaged during shipment.