OFAC issues license for wind down of Iranian operations

The U.S. Department of the Treasury’s Office of Foreign Assets Control issued General License K,[1] “Authorizing Maintenance or Wind Down of Transactions Involving Cosco Shipping Tanker (Dalian) Co., Ltd.” The license allows Cosco to slowly cease transfers of any and all goods from or to Iran, pursuant to Executive Order 13846, until December 20, 2019.

This document is only available to subscribers. Please log in or purchase access.
 


Would you like to read this entire article?

If you already subscribe to this publication, just log in. If not, let us send you an email with a link that will allow you to read the entire article for free. Just complete the following form.

* required field