Items No. 2 of CMO No. 27-97 shall read as follows:

"2.     If, however, the terms of sale is C & F or FOB and the importer can present a certification from the local insurance/surety firm on the insurance premium paid, then that amount will be used or, ½% of export value, whichever is higher. In all cases, the higher amount shall be used regardless of the amount appearing in the CRF."

Adopted: 17 Sept. 1997