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US exempts India, South Korea, Turkey and four other countries from Iran oil sanctions

Initially for a 180 day period On 11 June 2012 it was announced by the US Department of State that India, Malaysia, South Korea, South Africa, Sri Lanka, Turkey and Taiwan have been exempted for a period of 180 days from the provisions of section 1245(d)(1) of the National Defence Authorization Act of 2012 ("NDAA"). The 180 day exemption is renewable upon review. These seven countries are not exempted from any other US sanctions against Iran, other than those in Sec. 1245(d)(1) of the NDAA for 2012.Section 1245 of the NDAA provides:1. For the blocking of all assets found within US jurisdiction belonging to any Iranian financial institution.2. All private financial institutions (US or foreign) that knowingly conduct or facilitate any significant transactions with the Central Bank of Iran, or with any Iranian financial institution which has been designated by the US, are subject to being sanctioned by the U.S. The sanction provided for in the NDAA is that the foreign financial institution will be prohibited from opening or maintaining correspondent accounts with US financial institutions. In other words, they will be shut out of the U.S. financial system.3. Transactions involving the sale of food, medicine or medical devices to ...

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Turkish warship captures 14 pirates; rescues seven hostages

The Giresun is the Turkish flagship of Standing NATO Maritime Group The Turkish Navy vessel TCG Giresun has detained 14 Somali pirates and rescued seven Yemeni sailors who were being held hostage aboard their fishing dhow.The Giresun (F-491) intercepted the pirates 190 nautical miles off the coast of Oman on Friday morning after the vessel, towing a skiff, was spotted by the Giresun's S-70B Sea Hawk helicopter.Turkish commandoes stormed the Yemeni fishing vessel and seized nine AK-47 assault rifles, one RPG-7 rocket launcher, three RPG-7 warheads, ammunition and other equipment, including extra fuel barrels, ladders and communication and navigation devices, according to the Turkish Navy.Turkey has since 2009 contributed to patrolling the pirate-infested waters off Somalia. The Giresun is the Turkish flagship of Standing NATO Maritime Group 2 (SNMG 2) Immediate Reaction Force, which is conducting Operation Ocean Shield. Other SNMG 2 ships include the HDMS Absalon (Denmark); ITS Grecale (Italy); RFA Fort Victoria (United Kingdom); USS Dewert (United States) and USS Carney (United States). SNMG 2 alternates with SNMG 1 every six months for Ocean Shield.The Standing NATO Maritime Group vessels (including their helicopters) are permanently available to NATO to perform different tasks ranging from participating in exercises to ...

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Turkish seafarers detained in Georgia

Twelve seafarers have been detained from two Turkish ships Twelve seafarers have been detained from two Turkish commercial ships that stopped at a Black Sea port in the breakaway region of Abkhazia without official Georgian approval, border guards said.The twelve Turkish citizens could face fines or prison sentences of up to five years. Abkhazia broke free from Georgian control in the 1990s, but its independence is recognized only by Russia and a handful of other countries. Under Georgian law, international vessels are required to pass customs in Georgia and get official approval to enter Abkhazia.The border guard service said April 28 that the seafarers were detained on April 26 when they arrived in the Georgian port of Poti. The service said the two ships had stopped in Sukhumi, the capital of Abkhazia, earlier this yearSource: Maritime Connector

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