GL-8
ExpiredSpecified transactions involving certain blocked property authorized.
Machine-extracted. The summary, conditions, and reporting fields on this page were extracted by AI from the official document. Rely on the official OFAC General License, not this page.
Summary
This license authorizes all transactions related to the arrest, detention, and judicial sale of the AMIN Crude Oil Tanker (a.k.a. AMIN 2, IMO No. 9422366), a blocked vessel arrested in Gulei, Zhangzhou port, China. Authorized transactions include bidding on the vessel, paying deposits, providing financing or insurance, vessel management and port agency services, purchasing bunkers, repairs, crewing, and hiring surveyors. The authorization is effective November 27, 2013 and expires at 11:59 p.m. eastern standard time, November 30, 2015.
Authorized activities
- Bidding on the purchase of the Vessel
- Paying deposits
- Providing financing, insurance, or funding in connection with the purchase
- Providing vessel management services
- Providing port agency services
- Purchasing of bunkers
- Repairing or modifying the Vessel for commercial use
- Providing crewing
- Hiring surveyors to inspect the Vessel
Conditions
The license does not authorize any provision of services, or any transfer of funds or other property, directly or indirectly, that would otherwise be prohibited by 31 C.F.R. Chapter V, including to any entity or individual whose property and interests in property are blocked. All property and interests in property related to the Vessel that were previously blocked pursuant to E.O. 13382 and/or the WMDPSR remain blocked unless otherwise authorized by OFAC. The authorization expires at 11:59 p.m. eastern standard time, November 30, 2015.
Reporting requirement
If the Vessel is sold pursuant to judicial sale, the purchaser may provide OFAC with evidence demonstrating that the basis for the blocking is no longer applicable in order to expedite removal of the Vessel from OFAC's SDN List. Recommended documentation includes: (1) documentation demonstrating completion of the vessel sale; (2) documentation demonstrating the source of funds for the vessel purchase; (3) corporate and other documentation to substantiate the identity of the buyer; and, if applicable, (4) information or documentation regarding plans to lease the vessel to any party other than the buyer.