Export Insurrance, Hearings Before a Subcommittee of ..., 83-1 on S.1413 ..., April 13 and 14, 1953 |
Pogosti izrazi in povedi
American Cotton Shippers authority believe bill capital cash-on-arrival Chairman commercial competition consign consign stocks consumption cotton exports cotton farmers cotton in foreign Cotton Shippers Association coverage credit insurance D. W. Brooks Dallas Cotton Exchange Department of Commerce dollars EDGERTON Export-Import Bank Act expropriation extent Ezra Taft Benson Farm Bureau Federation favor FELDER finance foreign buyers foreign mills foreign ports futures exchanges Guaranty Trust Co hedge HUNT insurance program interest inventory legislation LEIFFLEN limited loans loss manufacturers marine insurance Marine Underwriters McGREGOR ment million bales National Cotton Council operations payment percent possible PRESCOTT BUSH present president private insurance companies problems protection provide insurance questions RANDOLPH rates reasonable reduced risk insurance Secretary Senator BUSH Senator FREAR Senator MAYBANK SHEAFFER ship shipments small shipper spinners statement stocks abroad stocks of American synthetic fibers tion United States cotton United States Government United States Senate war-risk insurance Washington
Priljubljeni odlomki
Stran 1 - ... whenever it appears to the Secretary that such insurance adequate for the needs of the waterborne commerce of the United States cannot be obtained on reasonable terms and conditions from companies authorized to do an insurance business in a State of the United States.
Stran 1 - citizen of the United States" as used in this Act includes corporations, partnerships, and associations existing, authorized, or organized under the laws of the United States or any State, district, Territory, or possession thereof.
Stran 8 - The Department has been informed by the Bureau of the Budget that there is no objection to the submission of this report. Sincerely yours, THRUSTON B. MORTON, Assistant Secretary (For the Secretary of State) . 46102—54 2 OCTOBER 12, 1953.
Stran 29 - ... possible limits which the Export-Import Bank might be ultimately called upon to insure might well exceed the stated limit. In this event the Export-Import Bank would be faced with the alternative of asking for further congressional authority or of discriminating between American concerns or trade groups. The former course would appear to involve risks of very serious loss to the Government, as it is the considered judgment of underwriters that modern weapons of war render substantially the entire...
Stran 1 - States cannot be obtained on reasonable terms and conditions from companies authorized to do an insurance business in a State of the United States. (b) Any insurance or reinsurance issued under any of the provisions of this Act shall be based, insofar as practicable, upon consideration of the risk involved.
Stran 7 - Act of 1945, the bank was authorized to provide insurance in an aggregate amount not in excess of $100 million outstanding at any one time for the benefit of citizens of the United States, including corporations, partnerships...
Stran 2 - Government providing marine or air war-risk insurance. (3) In providing insurance pursuant to this subsection, the Bank may reinsure in whole or in part any company authorized to do an insurance business in any State of the United States or may employ any such company or group of companies to act as its underwriting agent in the issuance of such insurance and the adjustment of claims arising thereunder. (4) Subject to the limitations herein provided, the Bank shall from time to time determine the...
Stran 1 - States, including corporations, partnerships, and associations organized and existing under the laws of the United States or any State, district, Territory, or possession thereof, against the risks of loss of or damage to tangible personal property of United States origin which is exported from the United States in commercial intercourse and is in transit to or located in any friendly foreign country, to the extent that such loss or damage results from hostile or warlike action in time of peace or...
Stran 3 - States, or (6) constitutes security for financial obligations owed to citizens of the United States. The risks covered include abnormal or political risks such as loss or damage due to hostile or warlike action in time of peace or war, or from an order of any government or public authority confiscating, expropriating, or requisitioning such property. Not more than $100 million in insurance may be outstanding at any one time.
Stran 2 - ... Secretary would also be authorized to provide financial assistance to organizations or associations establishing sales or service centers in foreign countries for the display and sale of US products and for their servicing and repair, such assistance not to exceed 50 percent of the cost thereof. Also, the bill would amend the Export-Import Bank Act of 1945 by authorizing the Export-Import Bank to make loans to assist exporters, and to guarantee and insure exporters against political and credit...