22 CFR § 201.26 - Expenditure of marine insurance loss payments.
---
identifier: "/us/cfr/t22/s201.26"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "22 CFR § 201.26 - Expenditure of marine insurance loss payments."
title_number: 22
title_name: "Foreign Relations"
section_number: "201.26"
section_name: "Expenditure of marine insurance loss payments."
chapter_name: "AGENCY FOR INTERNATIONAL DEVELOPMENT"
part_number: "201"
part_name: "RULES AND PROCEDURES APPLICABLE TO COMMODITY TRANSACTIONS FINANCED BY USAID"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "22 U.S.C. 2381."
regulatory_source: "55 FR 34232, Aug. 22, 1990, unless otherwise noted."
cfr_part: "201"
---
# 201.26 Expenditure of marine insurance loss payments.
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:
(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
(b) To cover the cost of repairs to commodities damaged during shipment.