[Code of Federal Regulations]

[Title 15, Volume 2]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 15CFR700.63]



[Page 95]

 

                  TITLE 15--COMMERCE AND FOREIGN TRADE

 

  CHAPTER VII--BUREAU OF INDUSTRY AND SECURITY, DEPARTMENT OF COMMERCE

 

PART 700_DEFENSE PRIORITIES AND ALLOCATIONS SYSTEM--Table of Contents

 

                       Subpart I_Official Actions

 

Sec. 700.63  Letters of Understanding.



    (a) A Letter of Understanding is an official action which may be 

issued in resolving special priorities assistance cases to reflect an 

agreement reached by all parties (Commerce, the Delegate Agency, the 

supplier, and the customer).

    (b) A Letter of Understanding is not used to alter scheduling 

between rated orders, to authorize the use of priority ratings, to 

impose restrictions under this regulation, or to take other official 

actions. Rather, Letters of Understanding are used to confirm production 

or shipping schedules which do not require modifications to other rated 

orders.