Bill requesting the termination of sanctions delivered
A top official of National Iranian Tankers Company (NITC) said that Iranian tankers will return to European and international markets in shortest possible time after the termination of nuclear sanctions, IRNA reported.
Speaking on the latest legal status of the NITC’s file in European Court, Shahram Farahbod said that the ban against NITC was unfortunately renewed on Feb 12, 2015, following which the concerned Iranian officials have launched a broad-scale campaign against the move under the prevailing conditions.
The head of the NITC’s Insurance and Legal Suits Affairs Office further elaborated that a bill requesting the termination of sanctions was delivered to the European General Court on April 24, 2015.
The Office of Foreign Assets Control (OFAC) issued anoticestating that the economic sanctions regarding Iran remain in place and unchanged until the International Atomic Energy Agency (IAEA) verifies that Iran has implemented key nuclear-related measures described in the Joint Comprehensive Plan of Action
Statement Relating to the July 14, 2015 Announcement of a Joint Comprehensive Plan of Action Regarding the Islamic Republic of Iran’s Nuclear Program
- On July 14, 2015, the P5 + 1 and Iran reached a Joint Comprehensive Plan of Action (JCPOA) to ensure that Iran’s nuclear program will be exclusively peaceful. Building on the key parameters for a JCPOA announced on April 2, 2015, the JCPOA will provide Iran with phased sanctions relief upon verification that Iran has implemented key nuclear commitments.
- U.S. sanctions relief will be provided through the suspension and eventual termination of nuclear-related secondary sanctions, beginning once the International Atomic Energy Agency (IAEA) verifies that Iran has implemented key nuclear-related measures described in the JCPOA (“Implementation Day”). The U.S. government will publish detailed guidance related to the JCPOA prior to Implementation Day.
- The P5+1 and Iran also decided on July 14, 2015 to further extend through Implementation Day the sanctions relief provided for in the Joint Plan of Action (JPOA) of November 24, 2013, as extended. This JPOA sanctions relief is the only Iran-related sanctions relief in effect until further notice. The U.S. government will issue revised guidance on the continued JPOA relief shortly.
- Effective July 14, 2015, all specific licenses that: (1) were issued pursuant to OFAC’sSecond Amended Statement of Licensing Policy on Activities Related to the Safety of Iran’s Civil Aviation Industry, and (2) have an expiration date on or before July 14, 2015, are hereby authorized to remain in effect according to their terms until Implementation Day.
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