Frequently Asked Questions

767. What types of payment or financing terms may be utilized for authorized exports and reexports of agricultural commodities to Cuba?

Answer

For such exports and reexports, only the following payment and financing terms may be used: payment of cash in advance, or financing by a banking institution located in a third country, subject to certain restrictions. This limitation is required by the Trade Sanctions Reform and Export Enhancement Act of 2000, 22 U.S.C. § 7207(b)(1). See 31 CFR § 515.533(a)(4). This provision only applies to exports and reexports of “agricultural commodities,” as defined in 15 CFR part 772, and not to exports or reexports of “agricultural items” authorized pursuant to 15 CFR § 746.2(b)(2)(iv).

Date Released
September 6, 2019