Bureau of Economic and Business Affairs; Removal of Sanctions on Person on Whom Sanctions Have Been Imposed Under the Iran Sanctions Act of 1996, as Amended, 8781 [2014-03233]

Agencies

• DEPARTMENT OF STATE

[Federal Register Volume 79, Number 30 (Thursday, February 13, 2014)]
[Notices]
[Page 8781]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-03233]


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DEPARTMENT OF STATE

[Public Notice 8629]


Bureau of Economic and Business Affairs; Removal of Sanctions on 
Person on Whom Sanctions Have Been Imposed Under the Iran Sanctions Act 
of 1996, as Amended

AGENCY: Department of State.

ACTION: Notice.

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SUMMARY: The Secretary of State has determined that Associated 
Shipbroking (a.k.a. SAM) is no longer engaging in sanctionable activity 
described in section 5(a) of the Iran Sanctions Act of 1996 (Pub. L. 
104-172) (50 U.S.C. 1701 note) (``ISA''), as amended, and that this 
person has provided reliable assurances that it will not knowingly 
engage in such activities in the future. Therefore, certain sanctions 
that were imposed on Associated Shipbroking on May 24, 2011 are hereby 
lifted.

DATES: Effective Date: The sanctions on Associated Shipbroking are 
lifted effective February 7, 2014.

FOR FURTHER INFORMATION CONTACT: On general issues: Office of Sanctions 
Policy and Implementation, Department of State, Telephone: (202) 647-
7489.

SUPPLEMENTARY INFORMATION: On May 24, 2011, the Secretary of State made 
a determination to impose certain sanctions on, inter alia, Associated 
Shipbroking (a.k.a. SAM) under the Iran Sanctions Act of 1996, as 
amended (Pub. L. 104-172) (50 U.S.C. 1701 note). See 76 FR 56866 
(September 24, 2011).
    At that time, pursuant to section 5(a) of ISA and the authority 
delegated to the Secretary of State in the Presidential Memorandum of 
September 23, 2010, 75 FR 67025 (the ``Delegation Memorandum''), the 
Secretary determined to impose on Associated Shipbroking and any person 
in which Associated Shipbroking has an interest of fifty percent or 
more the following sanctions described in section 6 of ISA:

    1. Foreign Exchange. Any transactions in foreign exchange that 
are subject to the jurisdiction of the United States in which 
Associated Shipbroking has any interest shall be prohibited.
    2. Banking transactions. Any transfers of credit or payments 
between financial institutions or by, through, or to any financial 
institutions, to the extent that such transfers or payments are 
subject to the jurisdiction of the United States and involve any 
interest of Associated Shipbroking, shall be prohibited.
    3. Property transactions. It shall be prohibited to:
    a. Acquire, hold, withhold, use, transfer, withdraw, transport, 
import, or export any property that is subject to the jurisdiction 
of the United States and with respect to which Associated 
Shipbroking has any interest;
    b. Deal in or exercise any right, power, or privilege with 
respect to such property.
    c. Conduct any transactions involving such property.

Pursuant to section 9(b)(2) of ISA and the authority delegated to the 
Secretary of State in the Delegation Memorandum, the Secretary now has 
determined and certified to Congress that Associated Shipbroking is no 
longer engaging in sanctionable activity described in section 5(a) of 
ISA, and that this person has provided reliable assurances that they 
will not knowingly engage in such activities in the future. The 
Secretary, therefore, has determined to lift the above-referenced 
sanctions imposed on Associated Shipbroking.
    The sanctions described above with respect to Associated 
Shipbroking are no longer in effect. Pursuant to the authority 
delegated to the Secretary of State in the Delegation Memorandum, 
relevant agencies and instrumentalities of the United States Government 
shall take all appropriate measures within their authority to carry out 
the provisions of this notice.
    The following constitutes a current, as of this date, list of 
persons on whom sanctions are imposed under ISA. The particular 
sanctions imposed on an individual person are identified in the 
relevant Federal Register Notice.

--Belarusneft (see Public Notice 7408, 76 FR 18821, April 5, 2011)
--BimehMarkazi-Central Insurance of Iran (See Public Notice 8268, 78 FR 
21183, April 9, 2013)
--Cambis, Dimitris (See Public Notice 8268, 78 FR 21183, April 9, 2013)
--FAL Oil Company Limited (see Public Notice 7776, 77 FR 4389, January 
27, 2012)
--Ferland Company Limited (See Public Notice 8352, 78 FR 35351, June 
12, 2013)
--Impire Shipping (See Public Notice 8268, 78 FR 21183, April 9, 2013)
--Jam Petrochemical Company (See Public Notice 8352 78 FR 35351, June 
12, 2013)
--Kish Protection and Indemnity (a.k.a. Kish P&I) (See Public Notice 
8268, 78 FR 21183, April 9, 2013)
--Kuo Oil (S) Pte. Ltd. (see Public Notice 7776, 77 FR 4389, January 
27, 2012)
--NaftiranIntertrade Company (see Public Notice 7197, 75 FR 62916, 
October 13, 2010)
--Niksima Food and Beverage JLT (See Public Notice 8352, 78 FR 35351, 
June 12, 2013)
--Petrochemical Commercial Company International (a.k.a. PCCI) (see 
Public Notice 7585, 76 FR 56866, September 14, 2011)
--Petr[oacute]leos de Venezuela S.A. (a.k.a. PDVSA) (see Public Notice 
7585, 76 FR 56866, September 14, 2011)
--Royal Oyster Group (see Public Notice 7585, 76 FR 56866, September 
14, 2011)
--Speedy Ship (a.k.a. SPD) (see Public Notice 7585, 76 FR 56866, 
September 14, 2011)
--Sytrol (see Public Notice 8040, 77 FR 59034, September 25, 2012)
--Zhuhai Zhenrong Company (see Public Notice 7776, 77 FR 4389, January 
27, 2012)

    Dated: January 7, 2014.
William E. Craft,
Acting Assistant Secretary, for Economic and Business Affairs.
[FR Doc. 2014-03233 Filed 2-12-14; 8:45 am]
BILLING CODE 4710-07-P