MEMBER SECTION

If you are a member, please login or register to view this page. If you are unsure of your membership, or wish to become a member, please contact membership@bimco.org.

 

21°c Bandar Abbas, IR

Restrictions & Sanctions

Iran sanctions: US Department of the Treasury bulletin

As mentioned in our update related to US Sanctions against Iran posted 22 August (Iran sanctions) the wind down period has now come to an end. In this respect, members should refer to the following bulletin sent by the U.S. Department of the Treasury yesterday:

The link on our website to the OFAC Iran sanction program links directly to the updated pages with OFAC.

European Union Regulations on Iran

European Union Regulation 2271/96 (Blocking Regulation)

The EU's updated Blocking Statute which entered into force on 7 August 2018 is intended to protect EU persons and entities from the effects of US secondary sanctions. 
Relevant information can be found on the website of the EU:

Detailed information can also be obtained from the P&I Clubs which have issued circulars outlining the EU’s Blocking Regulation together with information about the procedures to seek exemption from the Blocking Regulation.

On 16 January 2016 the European Union (EU) lifted its nuclear related sanctions on Iran  [Council Decision (CFSP) 2016/37 of 16 January 2016].  

The EU arms embargo and its human rights sanctions remain in force and include: 

  • Arms embargo
  • Asset freeze
  • Travel ban
        
The following is a short brief of the current sanctions. 

Arms and strategic goods and services embargo
Prohibiting (whether or not originating in their territories) the direct or indirect supply, sale or transfer of certain items, materials, equipment, goods and technology, including software, to, or for the use in, or benefit of, Iran, by nationals of Member States, or through the territories of Member States, or using their flag vessels or aircraft [Relates to arms, nuclear and missile programme, duel use items, etc. listed under Annexes I, II and III of Council Regulation No. 267/2012 dated 23 March 2012 and under the Common Military List of the EU].

Asset freeze 
Freezing of EU based property/assets of listed persons, entities and bodies (designated entities)

Travel restrictions
Travel ban on persons/entities designated by the EU.

United Nations Security Council Resolutions on Iran

UNSC Resolution 1737 (2006) dated 23 December 2006 imposed certain nuclear and ballistic missile programmes related embargo and individual targeted measures, namely an assets freeze and measures concerning travel, on persons and entities designated in an Annex to the resolution as well as on any additional persons and entities designated by the Security Council or the Committee, based on the criteria contained in the resolution. In addition, the Council called upon all States to prevent specialized teaching or training of Iranian nationals in disciplines which would contribute to Iran’s proliferation sensitive nuclear activities and development of nuclear weapon delivery systems.

UNSC Resolution 1747 (2007) dated 24 March 2007 imposed a ban on exports of arms from Iran. It also designated additional persons and entities, in an Annex to the resolution, as subject to the assets freeze and the measures concerning travel. In addition, the Council called upon all States to exercise vigilance and restraint in the provision of heavy weapons and related services to Iran, and called upon all States and international financial institutions not to enter into new commitments for grants, financial assistance and concessional loans to the Government of Iran, except for humanitarian and developmental purposes.

UNSC Resolution 1803 (2008) dated 3 March 2008 called upon all States, in accordance with their national legal authorities and legislation and consistent with international law, in particular the law of the sea ..., to inspect the cargoes to and from Iran, of ... vessels, at their ... seaports, owned or operated by ... Islamic Republic of Iran Shipping Line, provided there are reasonable grounds to believe that the ... vessel is transporting goods prohibited under this resolution or resolution 1737 (2006) or resolution 1747 (2007).

UNSC Resolution 1929 (2010) dated 9 June 2010 decided that all States shall prevent the direct or indirect supply, sale or transfer to Iran, from or through their territories or by their nationals or individuals subject to their jurisdiction, or using their flag vessels ... and whether or not originating in their territories, of any battle tanks, armoured combat vehicles, large calibre artillery systems, combat aircraft, attack helicopters, warships, missiles or missile systems as defined for the purpose of the United Nations Register of Conventional Arms, or related materiel, including spare parts, or items as determined by the Security Council or the Committee established pursuant to resolution 1737 (2006).

Further called upon all States to inspect, in accordance with their national authorities and legislation and consistent with international law, in particular the law of the sea ... all cargo to and from Iran, in their territory, including seaports ..., if the State concerned has information that provides reasonable grounds to believe the cargo contains items the supply, sale, transfer, or export of which is prohibited by paragraphs 3, 4 or 7 of resolution 1737 (2006), paragraph 5 of resolution 1747 (2007), paragraph 8 of resolution 1803 (2008) or paragraphs 8 or 9 of resolution 1929 (2010), for the purpose of ensuring strict implementation of those provisions.

The resolution also decided that all States shall prohibit the provision by their nationals or from their territory of bunkering services, such as provision of fuel or supplies, or other servicing of vessels, to Iranian-owned or -contracted vessels, including chartered vessels, if they have information that provides reasonable grounds to believe they are carrying items the supply, sale, transfer, or export of which is prohibited by paragraphs 3, 4 or 7 of resolution 1737 (2006), paragraph 5 of resolution 1747 (2007), paragraph 8 of resolution 1803 (2008) or paragraphs 8 or 9 of resolution 1929 (2010), unless provision of such services is necessary for humanitarian purposes or until such time as the cargo has been inspected, and seized and disposed of if necessary, and underlines that this paragraph is not intended to affect legal economic activities.

The measures specified in resolution 1737 (2006) shall also apply to the entities of the Islamic Republic of Iran Shipping Lines (IRISL) as specified in Annex III and to any person or entity acting on their behalf or at their direction, and to entities owned or controlled by them, including through illicit means, or determined by the Council or the Committee to have assisted them in evading the sanctions of, or in violating the provisions of, resolutions 1737 (2006), 1747 (2007), 1803 (2008) or resolution 1929 (2010).

Annex III - Entities owned, controlled, or acting on behalf of the Islamic Republic of Iran Shipping Lines (IRISL)

  1. Irano Hind Shipping Company
    Location: 18 Mehrshad Street, Sadaghat Street, Opposite of Park Mellat, Valie-
    Asr Ave., Tehran, Iran; 265, Next to Mehrshad, Sedaghat St., Opposite of
    Mellat Park, Vali Asr Ave., Tehran 1A001, Iran

  2. IRISL Benelux NV
    Location: Noorderlaan 139, B-2030, Antwerp, Belgium; V.A.T. Number
    BE480224531 (Belgium)

  3. South Shipping Line Iran (SSL)
    Location: Apt. No. 7, 3rd Floor, No. 2, 4th Alley, Gandi Ave., Tehran, Iran;
    Qaem Magham Farahani St., Tehran, Iran

Restrictions & sanctions (Iran)

Trading restrictions (Iran)

Trading restrictions imposed against Iran

Arms and strategic goods and services embargo
United Nations, European Union, Australia, Canada and United States

Banking/Financial
European Union, Australia, Canada and United States

Freezing of Assets
European Union, Canada, Japan and United States

Travel restrictions
United Nations, European Union, Australia and United States

Iranian entities
United Nations, European Union, Canada and United States

Ban on Iranian ships
Bahrain, Saudi Arabia

Related information

Trading restrictions imposed by Iran

According to information received from local contacts Israeli flagged / registered vessels, or those vessels with Israeli officers / crew on board will be subject to inspection upon arrival.