CFR > Title 7 - Agriculture > SUBTITLE B—Regulations of the Department of Agriculture > CHAPTER XIV—COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE (parts 1400 to 1499) > SUBCHAPTER B—LOANS, PURCHASES, AND OTHER OPERATIONS (parts 1410 to 1499) > PART 1493—CCC EXPORT CREDIT GUARANTEE PROGRAMS > SUBPART A—Restrictions and Criteria for Export Credit Guarantee Programs (§1493.1 to §1493.6) > 1493.3—Restrictions on programs and cargo preference statement.

1493.3—Restrictions on programs and cargo preference statement.

(a) Restrictions on use of credit guarantees. (1) Export credit guarantees authorized under these regulations shall not be used for foreign aid, foreign policy, or debt rescheduling purposes.
(2) CCC shall not make credit guarantees available in connection with sales of agricultural commodities to any country that the Secretary determines cannot adequately service the debt associated with such sales.
(b) Cargo preference laws. The provisions of the cargo preference laws shall not apply to export sales with respect to which credit is guaranteed under these programs.