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 Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Syncrude Uncertain about Plant Fire Affecting Production

The operator of Canada's largest synthetic crude project said on Saturday it is investigating the causes of an early morning fire at an upgrading plant. Firefighters extinguished the blaze,

Hurricane Ignacio Gains Strength but Expected to Bypass Hawaii

Hurricane Ignacio intensified as it blew across the Pacific on a route likely to bypass Hawaii on Saturday, said the Central Pacific Hurricane Center of the National Weather Service.

United Heavy Lift Gears up for the Asian Boom

All set to expand its footprint in the South Asian market significantly, Hamburg based, United Heavy Lift (UHL) appointed strategically placed Lexicon Overseas Pvt Ltd.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.4737 sec (2 req/sec)