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Excess Defense Articles (EDA) - Storage Charges for Grant EDA

FMS: 
Yes
BPC: 
No
Note Input Responsibility: 
CWD
Note Usage: 

Mandatory for FMS LOAs associated with EDA grant transfers of equipment.

Mandatory for Amendments and Modifications of cases associated with EDA grant transfers of equipment that previously did not include this materiel.

References : 
Note Text : 

"If the purchaser does not arrange to remove the materiel listed in [insert attachment or note number] within 60 days after implementation of the LOA, a storage charge will be determined by applying 1.5% annually (.125% monthly) against the original acquisition value of the materiel. Storage charges will commence with the materiel release order date. These costs will be recouped by adding a storage line to this LOA via modification."