GL-51D

Summary

General License No. 51D authorizes established U.S. entities to engage in transactions ordinarily incident and necessary to the exportation, reexportation, sale, resale, supply, storage, purchase, delivery, or transportation of Venezuelan-origin coal or minerals, including gold, even where such transactions involve the Government of Venezuela, Carbozulia, Minerven, or Minerven Entities. Authorized transactions include related commercial, legal, technical, safety, and environmental due diligence, shipping and logistics, marine insurance, and processing or refining of such coal or minerals. Key monetary payments to blocked persons (excluding local taxes, permits, or fees) must be directed into the Foreign Government Deposit Funds. The license excludes transactions involving certain sanctioned countries, Chinese-controlled entities, blocked vessels, and in-country Venezuelan mining or exploration activities.

Authorized activities

• Exportation of Venezuelan-origin coal or minerals, including gold
• Reexportation of Venezuelan-origin coal or minerals, including gold
• Sale and resale of Venezuelan-origin coal or minerals, including gold
• Supply, storage, purchase, delivery, and transportation of Venezuelan-origin coal or minerals, including gold
• Commercial, legal, technical, safety, and environmental due diligence and assessments
• Arranging shipping and logistics services, including chartering vessels
• Arranging security services
• Obtaining marine insurance and protection and indemnity (P&I) coverage
• Arranging port and terminal services, including with port authorities or terminal operators that are part of the Government of Venezuela
• Processing or refining of Venezuelan-origin coal or minerals (except in prohibited countries)

Conditions

Only 'established U.S. entities' (organized under U.S. law on or before January 29, 2025) may use this license. Contracts with the Government of Venezuela, Carbozulia, Minerven, or Minerven Entities must require dispute resolution in the U.S., U.K., France, or Singapore. Monetary payments to blocked persons (excluding local taxes, permits, or fees) must go into the Foreign Government Deposit Funds per Executive Order 14373 or as instructed by Treasury. Transactions involving Russia, Iran, North Korea, Cuba, or Chinese-controlled entities are prohibited, as are transactions involving blocked vessels, processing/refining in those countries, unblocking of blocked property, and exploration/mining/extraction activities within Venezuela.

Reporting requirement

Any person that exports, reexports, sells, resells, purchases, or supplies Venezuelan-origin coal or minerals, including gold, pursuant to this license must submit a detailed report to Sanctions_inbox@state.gov and ofac_intake@doi.gov identifying: the parties involved; supply chain due diligence documentation; quantities, descriptions, and purchase prices; transaction dates; and any taxes, fees, or payments to the Government of Venezuela. The first report is due ten days after the first such transaction, then every 30 days while transactions are ongoing.