837.61351/3753: Airgram
The Secretary of State to the Ambassador in Cuba ( Braden )
A–992. Reference Embassy’s 157, March 16, 8 p.m.41 and previous correspondence. The insurance underwriting matter, which you have discussed with Cuban officials has likewise received the consideration of Commodity Credit Corporation42
CCC is insisting on the inclusion of clause in the contract providing that payment will not be made on sugars stored in port warehouses and remaining unshipped on June 1, 1943, unless covered by insurance certificates acceptable to Commodity. In order to be acceptable, CCC has informed the Department that certificates must be completely satisfactory both as to the extent of the coverage and the caliber of the underwriter.
The Department agrees with CCC that the foregoing will provide sufficient security under the contract.