payment of ocean freight

payment of ocean freight Sec. 208. The Agricultural Trade Development and Assistance Act of 1954, as amended, is amended as follows: (a) The first sentence of section 103 (a) is amended by striking out the word “and” following the words “handling costs,” and by inserting immediately before the period the following: “and, (3) all Commodity Credit Corporation funds expended for ocean freight costs authorized under title II hereof for purposes of section 416 of the Agricultural Act of 1949, as amended”. (b) Section 201 is amended by striking out “f. o. b. vessels in United States ports,”. (c) The first sentence of section 203 is amended to read as follows: “Not more than $500,000,000 (including the Corporation’s investment in such commodities) shall be expended for all such transfers and for other costs authorized by this title.” Section 203 is further amended by adding at the end of the section the following: “Such transfers may include delivery f. o. b. vessels in United States ports and, upon a determination by the President that it is necessary to accomplish the purposes of this title or of section 416 of the Agricultural Act of 1949, as amended, ocean freight charges from United States ports to designated ports of entry abroad may be paid from funds available to carry out this title on commodities transferred pursuant hereto or donated under said section 416. Funds required for ocean freight costs authorized under this title may be transferred by the Commodity Credit Corporation to such other Federal agency as may be designated by the President.”