---
kind: "section"
citation: "7 C.F.R. § 1427.1208"
title: "7"
number: "1427.1208"
heading: "Payment."
url: "https://uscodex.org/cfr/7/1427.1208"
---

# §1427.1208. Payment.

- (a) Payments under this subpart will be determined by multiplying:
  - (1) The payment rate, determined under [§ 1427.127](/cfr/7/1427.127.md), by
  - (2) The net weight (gross weight minus the weight of bagging and ties) determined under [paragraph (b)](#b) of this section, of eligible ELS cotton bales that an eligible domestic user opens or an eligible exporter exports during the Friday through Thursday period following a week in which a payment rate is established.
- (b) For the purposes of this subpart, the net weight will be based upon:
  - (1) For domestic users, the weight on which settlement for payment of the ELS cotton was based (landed mill weight);
  - (2) For exporters, the shipping warehouse weight or the gin weight if the ELS cotton was not placed in a warehouse, of the eligible cotton unless the exporter obtains and pays the cost of having all the bales in the shipment re-weighed by a licensed weigher and furnishes a copy of the certified weights.
- (c) For the purposes of this subpart, eligible ELS cotton will be considered:
  - (1) Consumed by the domestic user on the date the bale is opened for consumption; and
  - (2) Exported by the exporter on the date that CCC determines is the date on which the cotton is shipped for export.
- (d) Payments under this subpart will be made available upon application for payment and submission of supporting documentation, as required by this subpart, CCC instructions, and the ELS Cotton Domestic User/Exporter Agreement.

## Notes

### Amendments

[70 FR 67343, Nov. 7, 2005, as amended at 80 FR 139, Jan. 2, 2015]

### Source

Source: 70 FR 67343, Nov. 7, 2005, unless otherwise noted.

### Authority

Authority: 7 U.S.C. 7231-7237, 7931-7936, 9011, and 9031-40, 15 U.S.C. 714b and c.

### Amendments

[70 FR 67343, Nov. 7, 2005, as amended at 80 FR 139, Jan. 2, 2015]