GL-4C
ActiveAuthorizing Certain New Debt Transactions and Other Transactions Involving Certain Blocked Persons Related to the Exportation or Reexportation of Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, or Software Updates
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Summary
General License 4C authorizes transactions ordinarily incident and necessary to the exportation or reexportation of agricultural commodities, medicine, medical devices, replacement parts and components for medical devices, or software updates for medical devices to Venezuela (or to third-country purchasers for resale to Venezuela). This includes dealings in new debt otherwise prohibited by E.O. 13808, transactions with specified Venezuelan banks (Banco de Venezuela, Banco Bicentenario del Pueblo, Banco Central de Venezuela) prohibited by E.O. 13850, and transactions involving the Government of Venezuela prohibited by the E.O. of August 5, 2019. The license replaces and supersedes General License No. 4B dated April 17, 2019.
Authorized activities
- All transactions related to, the provision of financing for, and other dealings in new debt prohibited by E.O. 13808, as amended by E.O. 13857
- All transactions prohibited by E.O. 13850 (as amended by E.O. 13857) involving Banco de Venezuela, Banco Bicentenario del Pueblo, or Banco Central de Venezuela
- All transactions prohibited by E.O. of August 5, 2019 involving the Government of Venezuela
- Exportation or reexportation of agricultural commodities, medicine, medical devices, replacement parts and components for medical devices, or software updates for medical devices to Venezuela or third-country purchasers for resale to Venezuela
Conditions
Transactions must be ordinarily incident and necessary to the exportation or reexportation of covered items to Venezuela or to third-country purchasers for resale to Venezuela. The license does not authorize: (1) any transactions or dealings with BANDES or Bandes Uruguay; (2) the unblocking of any property blocked under E.O. of August 5, 2019 or E.O. 13850, except as authorized by paragraph (a); or (3) any transaction otherwise prohibited by the listed E.O.s or any part of 31 C.F.R. chapter V, or dealings with any blocked person other than those described in paragraphs (a)(2)-(3). The authorization in paragraph (a)(3) covers only Government of Venezuela persons blocked solely pursuant to E.O. of August 5, 2019. Exporters must still comply with requirements of other Federal agencies, including the Department of Commerce's Bureau of Industry and Security.