Business & Commerce

EXIM Bank Application for Special Buyer Credit Limit (SBCL) Under Multi-Buyer Export Credit Insurance Policies – Paperwork Review Notice

🇺🇸United States··Notice·Low Impact·View source ↗

AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.

🇬🇧 English

The Export-Import Bank of the United States (EXIM Bank) has submitted form EIB 92-51, the Application for Special Buyer Credit Limit (SBCL) Under Multi-Buyer Export Credit Insurance Policies, to the Office of Management and Budget (OMB) for review and approval under the Paperwork Reduction Act of 1995. This is part of EXIM Bank's routine effort to minimize administrative burden on respondents and the public. The SBCL application (EIB 92-51) is used by U.S. exporters or their insurance brokers to request a special, elevated credit limit for a specific foreign buyer beyond the standard limit automatically covered under a multi-buyer export credit insurance policy. This allows exporters to extend higher-value credit terms to international customers while maintaining insurance coverage. The notice invites public comments and input from other federal agencies on the proposed information collection. Comments typically address whether the collection is necessary, whether the estimated burden is accurate, and whether there are ways to improve or reduce the reporting requirements. This is a procedural/administrative notice and does not introduce new substantive trade or credit policy changes. It reflects standard OMB clearance cycle maintenance for an existing form used in EXIM Bank's insurance programs.

AI-generated summary. May contain errors. Refer to official sources for legal decisions.

Key Changes

  • EXIM Bank submits form EIB 92-51 to OMB for renewal/approval under the Paperwork Reduction Act of 1995
  • Public comment period opened for the information collection associated with the SBCL application process
  • No changes to the substantive credit or insurance policy terms — this is an administrative clearance action

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Obligations

What this law requires

high

EXIM Bank must submit Form EIB 92-51 (Application for Special Buyer Credit Limit Under Multi-Buyer Export Credit Insurance Policies) to the Office of Management and Budget (OMB) for review and approval under the Paperwork Reduction Act of 1995

EXIM Bank
reporting
high

EXIM Bank must invite public comment on the proposed information collection as required by the Paperwork Reduction Act of 1995

EXIM Bank
disclosure
medium

EXIM Bank must invite other Federal Agencies to provide input and comment on the proposed information collection

EXIM Bank
disclosure
medium

U.S. exporters or their insurance brokers must complete and submit Form EIB 92-51 when requesting a special, elevated credit limit for a specific foreign buyer beyond the standard limit under a multi-buyer export credit insurance policy

U.S. exporters and insurance brokers
operational

Affected Parties

U.S. exporters using multi-buyer export credit insurance policiesInsurance brokers managing EXIM Bank-backed export credit policies+3 more…

Tags

EXIM Bank,export credit insurance,special buyer credit limit