The exemption will expire on 23 August
Notwithstanding the recent designation of Tidewater by the US and the asset freeze imposed by the EU, the US yesterday issued a licence permitting the exportation or reexportation of agricultural commodities, medicine, or medical devices to the Government of Iran, any entity in Iran, individuals in Iran, or persons in third countries through Tidewater ports where the goods were shipped under a contract entered into prior to June 23, 2011, requiring delivery through a port or ports operated by Tidewater. To qualify a person engaged in this shipment must obtain a licence from OFAC.
The exemption will expire on 23 August.
Click here for the OFAC notice.
Source: North of England P&I Club
