Form EIB 21-02 EIB 21-02 EIB 21-02, Co-financing Certificate

CO-FINANCING CERTIFICATE
(FOR USE WHEN EXIM IS FOLLOWER ECA)

OMB 3048 - 0059
PENDING 2025

(Please type or print legibly)
Name and U.S. Street Address of Exporter:

RE:

EXIM Transaction Number:

Name/Country of Lead Export Credit Agency:

Lead ECA Transaction Number:

Supply Contract/Purchase Order No.(s)1:

Name/Country of Purchaser:

Name/Country of Main Contractor:

Check one:
☐ Initial Co-financing Certificate
☐ Amended Co-financing Certificate
The following has changed:

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 above-referenced supply contract(s) or
signed purchase order(s) with the Main Contractor and/or the Purchaser (“Supply Contract/Purchase
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 Exporter’s Certificate. For more
information: https://www.exim.gov/policies/local-cost.

EIB 11-05
Revised 11/2024

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CO-FINANCING CERTIFICATE
(FOR USE WHEN EXIM IS FOLLOWER ECA)

OMB 3048 - 0059
PENDING 2025

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 table if this box is
checked.
Definition

USD

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.

PART B: SHIPPING
2. Shipping Requirements. The Goods have been / will be shipped to:
☐
☐
☐

EIB 11-05
Revised 11/2024

Purchaser
Main Contractor
Other [please explain]

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%

CO-FINANCING CERTIFICATE
(FOR USE WHEN EXIM IS FOLLOWER ECA)

OMB 3048 - 0059
PENDING 2025

If this transaction qualifies as a PR-17 eligible transaction as noted in EXIM’s letter to us dated
__________________, 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 [email protected], 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
https://www.exim.gov/resources/credit-administration-and-disbursements/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 Co-financing
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 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
EXPORTER’S CERTIFICATE AS IF FULLY SET FORTH HEREIN. When signing this Exporter’s 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.
EIB 11-05
Revised 11/2024

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CO-FINANCING CERTIFICATE

OMB 3048 - 0059

(FOR USE WHEN EXIM IS FOLLOWER ECA)

PENDING 2025

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 ____.
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:

Signature:
(Authorized Representative)
Name:
Title:
Tel. No.:
Email:

EIB 11-05
Revised 11/2024

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CO-FINANCING CERTIFICATE
(FOR USE WHEN EXIM IS FOLLOWER ECA)

OMB 3048 - 0059
PENDING 2025

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 co-financing/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 https://www.exim.gov/policies for a further explanation of EXIM’s content and cover policies.
Part B: Shipping
For an explanation of EXIM’s shipping requirements, please refer to https://www.maritime.dot.gov/ and EXIM’s Fact Sheet
on Shipping Requirements at https://www.exim.gov/policies/us-flag-shipping-requirements. 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 co-financing/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
It 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.
Amended Certificates are to be emailed directly to EXIM’s Credit Administration and Claims Processing Division at
[email protected].
Links and Additional Information
For helpful information regarding Co-financing), go to https://www.exim.gov/policies/co-financing. Should you have any
further questions regarding the Co-financing Certificate, please call the Credit Administration and Claims Processing
Division at (202) 565-3612 or email [email protected].

NOTICE
The exporter is hereby notified that information requested by this Co-financing Certificate is done so under authority of the Export-Import
Bank Act of 1945, as amended (12 USC 635 et. seq.); provision of this information is mandatory and failure to provide the requested
information may result in EXIM being unable to determine eligibility for support. If any of the information provided in this Co-financing
Certificate changes in any material way or if any of the certifications made herein become untrue, the exporter must promptly inform EXIM
of such changes. EXIM may not require the information and applicants are not required to provide information requested in this Cofinancing Certificate unless a currently valid OMB control number is displayed on this form (see upper right of each page). EXIM reserves
the right to decline to process or to discontinue processing any application.
EXIM and its officers and employees are subject to the Trade Secrets Act (18 U.S.C. Sec. 1905) which requires EXIM to protect
confidential business and commercial information from disclosure, and 12 CFR 404.7 which provides that EXIM will not disclose
information provided in confidence without the submitter's consent and except as required by law. EXIM will endeavor to restrict the
disclosure of all information provided in this form, to the fullest extent permissible under Federal information disclosure laws including
the Freedom of Information Act (5 USC 552), the Privacy Act of 1974 (5 USC 552a), or under any other law or court order.
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# 3048-0043 Washington, D.C. 20503.
EIB 11-05
Revised 11/2024

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