Application for Short-Term Express Credit Insurance Policy

Forms and Documents

Document	Type	Status	Availability
Form EIB 10-02 Application for Short-Term Express Credit Insurance Policy	Form and Instruction	Modified	Repair queued
Supporting Statement EIB 10-02 12-16-2013.doc	Supporting Statement A	Uploaded 2013-12-20	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
196204	Application for Short-Term Express Credit Insurance Policy	Form and Instruction	Modified

ICR Details

OMB Control No: 3048-0031	ICR Reference No: 201312-3048-002
Status: Historical Active	Previous ICR Reference No: 201008-3048-001
Agency/Subagency: EXIMBANK	Agency Tracking No: EIB 10-02
Title: Application for Short-Term Express Credit Insurance Policy
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/27/2014
	Date Received in OIRA: 12/20/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2017	36 Months From Approved	02/28/2014
Responses	500	0	1,000
Time Burden (Hours)	125	0	2,200
Cost Burden (Dollars)	0	0	60,000

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Abstract: The Export Import Bank of the United States (Ex-Im Bank) pursuant to the Export Import Bank Act of 1945, as amended (12 USC 635, et seq), facilitates the financing of exports of U.S. goods and services. By neutralizing the effect of export credit insurance and guarantees offered by foreign governments and by absorbing credit risks that the private sector will not accept, Ex-Im Bank enables U.S. exporters to compete fairly in foreign markets on the basis of price and produce. This collection of information is necessary, pursuant to12 USC Sec. 635 (a) (1), to determine eligibility of the applicant for Ex-Im Bank assistance. This form is used by an exporter (or broker acting on its behalf) in order to obtain approval for coverage of the repayment risk of export sales. The information received provides Ex-Im Bank staff with the information necessary to make a determination of the eligibility of the applicant and the creditworthiness of one of the applicant's foreign buyers for Ex-Im Bank assistance under its programs.

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Authorizing Statute(s): US Code: 12 USC USC 635 Name of Law: Export Import Bank Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 183	09/20/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 245	12/20/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Application for Short-Term Express Credit Insurance Policy	EIB 10-02	Application for Short-Term Express Credit Insurance Policy

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	500	1,000	0	-500	0	0
Annual Time Burden (Hours)	125	2,200	0	-2,075	0	0
Annual Cost Burden (Dollars)	0	60,000	0	-60,000	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The burden to small businesses is reduced largely through elimination of the unnecessary, back-and-forth transmission of paper or hard copy documents whose timeliness through the mail system is inconsistent and that could be lost in transit. Additionally, Ex-Im Bank's regional office staff will be assisting the exporters with the application process and will sometimes enter the application for the customer.

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Annual Cost to Federal Government: $51,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 12/20/2013

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