GL-8A
ActiveAuthorizing Certain Humanitarian Trade Transactions Involving the Central Bank of Iran or the National Iranian Oil Company
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Summary
General License No. 8A authorizes certain transactions and activities involving the Central Bank of Iran (CBI), the National Iranian Oil Company (NIOC), or any entity in which NIOC owns 50 percent or greater interest, that would otherwise be prohibited under the GTSR or ITSR. The authorization covers humanitarian trade transactions described in ITSR sections 560.530(a) and (b), 560.532, and 560.533, as well as incidental and necessary transactions, and those covered by specific licenses issued under those ITSR sections. It replaces and supersedes General License No. 8, dated February 27, 2020, effective October 26, 2020.
Authorized activities
- Transactions and activities described in the general licenses set forth at ITSR sections 560.530(a) and (b), 560.532, and 560.533
- Transactions and activities ordinarily incident and necessary to the above, authorized under ITSR section 560.516 or consistent with ITSR section 560.405
- Transactions and activities authorized under any specific license issued pursuant to ITSR sections 560.530, 560.532, or 560.533
Conditions
The license does not authorize: (1) the exportation or reexportation of goods set forth in ITSR section 560.530(a)(1)(ii) to the CBI, NIOC, or any NIOC-majority-owned entity; or (2) any transactions or activities otherwise prohibited by the ITSR, the GTSR, Executive Order 13224 (as amended by Executive Order 13886), or any other part of 31 C.F.R. chapter V. Any transactions still prohibited by the ITSR notwithstanding this general license must be separately licensed pursuant to the ITSR.