GL-9

Summary

General License No. 9 authorizes all transactions related to the arrest, detention, and judicial sale of the Motor Vessel SININ (IMO No. 9274941), arrested in Gulei, Zhoushan, China, which was identified as blocked property on July 12, 2012 pursuant to Executive Order 13382. The authorization covers a range of activities necessary to facilitate the vessel's judicial sale, including bidding, financing, vessel management, and crew services. Except as specifically authorized, all other property and interests in property related to the Vessel that were previously blocked remain blocked.

Authorized activities

• Bidding on the purchase of the vessel
• Paying deposits related to the purchase
• Providing financing, insurance, or funding in connection with the purchase
• Providing vessel management services
• Providing port agency services
• Purchasing bunkers
• Repairing or modifying the Vessel for commercial use
• Providing crewing
• Hiring surveyors to inspect the vessel

Conditions

The authorization is limited strictly to transactions related to the arrest, detention, and judicial sale of the Motor Vessel SININ (IMO No. 9274941). It does not authorize any provision of services or 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 previously blocked property and interests in property related to the Vessel remain blocked unless otherwise authorized by OFAC.

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to judicial sale, the purchaser may provide OFAC with evidence demonstrating that the basis for the blocking is no longer applicable in order to expedite removal of the Vessel from OFAC's SDN List.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 (e.g., bill of sale or court/sheriff evidence); (2) documentation demonstrating the source of funds for the purchase and associated financing parties; (3) corporate and other documentation to substantiate the identity of the buyer; and (4) if applicable, information or documentation regarding plans to lease the vessel to any party other than the buyer.