---
kind: "section"
citation: "22 C.F.R. § 201.26"
title: "22"
number: "201.26"
heading: "Expenditure of marine insurance loss payments."
url: "https://uscodex.org/cfr/22/201.26"
---

# §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.**

## Notes

### Authority

Authority: 22 U.S.C. 2381.

### Source

Source: 55 FR 34232, Aug. 22, 1990, unless otherwise noted.