GL-Z
ExpiredAuthorizing Wind Down Activities, Limited Safety and Environmental Transactions, and the Offloading of Cargo Involving Certain Persons or Vessels Blocked on July 14, 2026
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Summary
General License Z authorizes transactions otherwise prohibited by Executive Order 13902 that are ordinarily incident and necessary to winding down financial transactions, safe docking and departure of blocked vessels, preserving crew health and safety, emergency repairs, environmental mitigation, and the delivery and offloading of cargo loaded on or before July 14, 2026. The license applies to the specific Blocked Persons and Blocked Vessels listed in the Annex, including any entity in which those blocked persons own 50 percent or greater interest. Payments to blocked persons must be made into a blocked interest-bearing account in the United States. The license expires at 12:01 a.m. eastern daylight time on September 12, 2026.
Authorized activities
- Wind down of any financial transaction involving the Blocked Persons or Blocked Vessels
- Safe docking and anchoring in, and departure from, any non-Iranian and non-Russian Federation port of the Blocked Vessels
- Preservation of the health or safety of the crew of any of the Blocked Vessels
- Emergency repairs of any of the Blocked Vessels or environmental mitigation or protection activities relating to any of the Blocked Vessels
- Delivery and offloading of cargo (loaded on or before July 14, 2026) involving the Blocked Vessels at non-Iranian and non-Russian Federation ports
- Services such as vessel management, crewing, bunkering, piloting, registration, flagging, insurance, classification, and salvage
Conditions
Any payment to a blocked person must be made into a blocked interest-bearing account located in the United States. Cargo offloading is only authorized for cargo loaded on or before July 14, 2026. Safe docking, departure, and cargo delivery/offloading may not occur at ports located in Iran or the Russian Federation, or under the control of the Government of Iran or the Government of the Russian Federation. New commercial contracts involving blocked persons' property are not authorized. Transactions prohibited by any other E.O. or 31 CFR chapter V, including those prohibited by the Iranian Transactions and Sanctions Regulations (31 CFR part 560), remain prohibited.