Economic Sanctions - Iran

Monday, December 08, 2008

The Office of Foreign Assets Control (OFAC) issued a final rule amending the Iranian Transaction Regulations to expand the scope of certain economic sanctions to include non-financial as well as financial institutions determined to be owned or controlled by the Government of Iran and to add three non-financial institutions that have been determined to be owned or controlled by the Government of Iran [the National Iranian Oil Company, the Naftiran Intertrade Company Ltd, and Naftiran Intertrade Co. (NICO) Sarl].  The amendments come into effect immediately.  Companies that trade with both the United States and Iran should exercise care so as to avoid inadvertent violations of these regulations.  73 Fed. Reg. 73788  (December 4, 2008).

(Source: Holland & Knight)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

OTC Names 2016 Award Winners

The 2016 Offshore Technology Conference (OTC) will honor this year’s Distinguished Achievement Award recipients on Tuesday, 3 May, in Houston.   As part of the

AIWA Highlights Investment Needs on the Nation’s Marine Highways

Nowhere is that more important than on the Atlantic Intracoastal Waterway. As 2016 begins, we at the Atlantic Intracoastal Waterway Association (AIWA) are looking

Pentagon: Cut in LCS Ship Program 'Not an Indictment'

U.S. Deputy Defense Secretary Robert Work said the Pentagon's plan to truncate the Littoral Combat Ship program at 40 ships instead of 52 reflected budget pressures

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Salvage Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0837 sec (12 req/sec)