GL-W

Summary

General License W, issued under Executive Order 13846, authorizes transactions that are ordinarily incident and necessary to wind down any transaction involving Qingdao Haiye Oil Terminal Co., Ltd., or any entity in which it owns a 50 percent or greater interest, directly or indirectly. The authorization is time-limited and applies only to the specific blocked persons named. Any payments to a blocked person must be directed into a blocked, interest-bearing account in the United States.

Authorized activities

• Wind down of transactions involving Qingdao Haiye Oil Terminal Co., Ltd.
• Wind down of transactions involving any entity in which Qingdao Haiye Oil Terminal Co., Ltd. owns, directly or indirectly, a 50 percent or greater interest
• Payments to blocked persons into blocked, interest-bearing U.S. accounts incident to wind down

Conditions

Transactions must be ordinarily incident and necessary to the wind down only. Any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States. This license does not authorize transactions involving any other person blocked under E.O. 13846 unless separately authorized.