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OFAC Issues Temporary General License for Tidewater Middle East

The Office of Foreign Assets Control has issued General License No. 4 under the Weapons of Mass Destruction Proliferators Sanctions Regulations (31 CFR Part 544) authorizing 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 purchasing specifically for resale to any of the foregoing, through any port operated by Tidewater Middle East Company, as well as services and payments related to such exportation or reexportation, provided the exportation or reexportation is authorized by a specific license issued by OFAC prior to June 23, 2011, and is shipped under a contract entered into prior to June 23, 2011, requiring delivery through a port or ports operated by Tidewater. This general license expires at 11:59 PM EDT on August 23, 2011.

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(See ITT's Online Archives or 06/23/11 news, 11062343, for BP summary of OFAC's notice of Tidewater's designation, among others, pursuant to Executive Order 13382.)

General License No. 4 is available here.