Rule2023-10700
Publication of Iranian Transactions and Sanctions Regulations Web General License O
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 19, 2023
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Iranian Transactions and Sanctions Regulations and Executive Order 13846, GL O, which was previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 88 Issue 97 (Friday, May 19, 2023)</title>
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[Federal Register Volume 88, Number 97 (Friday, May 19, 2023)]
[Rules and Regulations]
[Pages 32105-32106]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-10700]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 560
Publication of Iranian Transactions and Sanctions Regulations Web
General License O
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of web general license.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing a general license (GL) issued pursuant to
the Iranian Transactions and Sanctions Regulations and Executive Order
13846, GL O, which was previously made available on OFAC's website.
DATES: GL O was issued on March 2, 2023. See SUPPLEMENTARY INFORMATION
for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Sanctions Compliance &
Evaluation, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: <a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>.
Background
On March 2, 2023, OFAC issued GL O to authorize certain
transactions otherwise prohibited by the Iranian Transactions and
Sanctions Regulations, 31 CFR part 560, or Executive Order 13846 of
August 6, 2018, ``Reimposing Certain Sanctions With Respect to Iran''
(83 FR 38939). This GL was made available on OFAC's website
(<a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>) when it was issued. GL O has an expiration date of
June 30, 2023. The text of this GL is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13846 of August 6, 2018
Reimposing Certain Sanctions With Respect to Iran
Iranian Transactions and Sanctions Regulations
31 CFR Part 560
GENERAL LICENSE O
Authorizing Wind-Down and Limited Safety and Environmental Transactions
Involving Certain Vessels
(a) Except as provided in paragraph (c) of this general license,
the following transactions are authorized through 12:01 a.m. eastern
daylight time, June 30, 2023, provided that any payment to a blocked
person, including any blocked entity described in paragraph (b) of this
general license, must be made into a blocked account and reported to
the Office of Foreign Assets Control consistent with Sec. 501.603 of
the Reporting, Procedures and Penalties Regulations, 31 CFR part 501:
(1) All transactions prohibited by section 5 of Executive Order
(E.O.) 13846 that are ordinarily incident and necessary to the wind
down of any transaction involving any vessel in which one or more
entities described in paragraph (b) of this general license have an
interest, including the vessels described in the Annex to this general
license (the ``blocked vessels''); and
(2) All transactions prohibited by the Iranian Transactions and
Sanctions Regulations, 31 CFR part 560 (ITSR), that are ordinarily
incident and necessary to any of the following activities involving the
blocked vessels or entities described in paragraph (b) of this general
license:
(i) The safe docking and anchoring of any of the blocked vessels in
port;
(ii) The preservation of the health or safety of the crew of any of
the blocked vessels; and
(iii) Emergency repairs of any of the blocked vessels or
environmental mitigation or protection activities relating to any of
the blocked vessels.
(b) The authorizations in paragraph (a) of this general license
apply to the following entities:
(1) Golden Lotus Oil Gas and Real Estate Joint Stock Company;
(2) Swedish Management CO SA;
(3) Shanghai Xuanrun Shipping Company Limited;
(4) Global Marine Ship Management Co., Ltd.; or
(5) Any entity in which one or more of the above entities own,
directly or indirectly, individually or in the aggregate, a 50 percent
or greater interest.
(c) This general license does not authorize:
(1) The offloading of any Iranian-origin petroleum, petroleum
products, or petrochemical products;
(2) The entry into any new commercial contracts involving the
blocked vessels or the entities described in paragraph (b) of this
general license, except as authorized by paragraph (a); or
(3) Any transactions otherwise prohibited by section 5 of E.O.
13846 or the ITSR, including transactions involving any person blocked
pursuant to section 5 of E.O. 13846 or the ITSR other than the blocked
entities described in paragraph (b) of this general license, unless
separately authorized.
[[Page 32106]]
Dated: March 2, 2023.
Bradley T. Smith,
Deputy Director, Office of Foreign Assets Control.
Annex
Vessels in which one or more of the entities described in paragraph
(b) of Iran General License O have an interest:
(a) Vessels in which Golden Lotus Oil Gas and Real Estate Joint
Stock Company has an interest:
(1) Dolphin, IMO 9052331
(2) Lauren, IMO 9249685
(3) Golden Bridge, IMO 9218301
(4) Golden Phoenix, IMO 9224790
(5) Amias, IMO 9342786
(6) Jamaica, IMO 9230098
(7) Golden Light 09, IMO 9445057
(8) Gas Cathar, IMO 9250505
(b) Vessels in which Swedish Management CO SA has an interest:
(1) Rising Eagle, IMO 9073672
(2) Rising Falcon, IMO 9105396
(3) Rising Harrier, IMO 9122291
(4) Cattle Force, IMO 9175901
(5) Hercules, IMO 9558517
(6) Gladiator, 7621011
(c) Vessels in which Shanghai Xuanrun Shipping Company Limited has
an interest:
(1) Yong Xiang 29, IMO 8744107
(2) Forever Rich, IMO 9203928
(3) Yong Xin, IMO 9203930
(4) Xuan Ning, IMO 9349095
(5) Liang Sheng, IMO 9526693
(6) Full Star, 9773301
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-10700 Filed 5-18-23; 8:45 am]
BILLING CODE P
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</html>Indexed from Federal Register on May 19, 2023.
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