nonmarket based trade

(3) Nonmarket based trade As used in section 2295a(b)(5) of this title , the term “nonmarket based trade” includes exports, imports, exchanges, or other arrangements that are provided for goods and services (including oil and other petroleum products) on terms more favorable than those generally available in applicable markets or for comparable commodities, including— (A) exports to the Cuban Government on terms that involve a grant, concessional price, guaranty, insurance, or subsidy; (B) imports from the Cuban Government at preferential tariff rates; (C) exchange arrangements that include advance delivery of commodities, arrangements in which the Cuban Government is not held accountable for unfulfilled exchange contracts, and arrangements under which Cuba does not pay appropriate transportation, insurance, or finance costs; and (D) the exchange, reduction, or forgiveness of debt of the Cuban Government in return for a grant by the Cuban Government of an equity interest in a property, investment, or operation of the Cuban Government or of a Cuban national.

Source

22 USC § 2295b(k)(3)


Scoping language

As used in section 2295a
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