Provision of Certain Temporary and Limited Sanctions Relief in Order To Implement the Joint Plan of Action of November 24, 2013 Between the P5+1 and the Islamic Republic of Iran, as Extended Through November 24, 2014, 45228-45230 [2014-18333]

Download as PDF 45228 Federal Register / Vol. 79, No. 149 / Monday, August 4, 2014 / Notices SECURITIES AND EXCHANGE COMMISSION By the Commission. Jill M. Peterson, Assistant Secretary. DEPARTMENT OF STATE [File No. 500–1] [FR Doc. 2014–18462 Filed 7–31–14; 4:15 pm] In the Matter of Accredited Business Consolidators Corp., AsherXino Corp., Bakers Footwear Group, Inc., Card Activation Technologies, Inc., High Plains Gas, Inc., and Pacific Copper Corp.; Order of Suspension of Trading BILLING CODE 8011–01–P Provision of Certain Temporary and Limited Sanctions Relief in Order To Implement the Joint Plan of Action of November 24, 2013 Between the P5+1 and the Islamic Republic of Iran, as Extended Through November 24, 2014 [Public Notice 8809] DEPARTMENT OF STATE ACTION: Culturally Significant Objects Imported for Exhibition Determinations: ‘‘From Bauhaus to Buenos Aires: Grete Stern and Horacio Coppola’’ Exhibition SUMMARY: tkelley on DSK3SPTVN1PROD with NOTICES July 31, 2014. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Accredited Business Consolidators Corp. because it has not filed any periodic reports since the period ended September 30, 2012. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of AsherXino Corp. because it has not filed any periodic reports since the period ended June 30, 2012. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Bakers Footwear Group, Inc. because it has not filed any periodic reports since the period ended April 28, 2012. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Card Activation Technologies, Inc. because it has not filed any periodic reports since the period ended June 30, 2012. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of High Plains Gas, Inc. because it has not filed any periodic reports since the period ended September 30, 2012. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Pacific Copper Corp. because it has not filed any periodic reports since the period ended April 30, 2012. The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed companies. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed companies is suspended for the period from 9:30 a.m. EDT on July 31, 2014, through 11:59 p.m. EDT on August 13, 2014. VerDate Mar<15>2010 17:28 Aug 01, 2014 Jkt 232001 Department of State. Notice. AGENCY: [Public Notice 8811] Notice is hereby given of the following determinations: Pursuant to the authority vested in me by the Act of October 19, 1965 (79 Stat. 985; 22 U.S.C. 2459), Executive Order 12047 of March 27, 1978, the Foreign Affairs Reform and Restructuring Act of 1998 (112 Stat. 2681, et seq.; 22 U.S.C. 6501 note, et seq.), Delegation of Authority No. 234 of October 1, 1999, Delegation of Authority No. 236–3 of August 28, 2000 (and, as appropriate, Delegation of Authority No. 257 of April 15, 2003), I hereby determine that the objects to be included in the exhibition ‘‘From Bauhaus to Buenos Aires: Grete Stern and Horacio Coppola,’’ imported from abroad for temporary exhibition within the United States, are of cultural significance. The objects are imported pursuant to loan agreements with the foreign owners or custodians. I also determine that the exhibition or display of the exhibit objects at The Museum of Modern Art, New York, NY, from on or about May 23, 2015, until on or about September 13, 2015, and at possible additional exhibitions or venues yet to be determined, is in the national interest. I have ordered that Public Notice of these Determinations be published in the Federal Register. SUMMARY: For further information, including a list of the exhibit objects, contact Julie Simpson, Attorney-Adviser, Office of the Legal Adviser, U.S. Department of State (telephone: 202–632–6467). The mailing address is U.S. Department of State, SA–5, L/PD, Fifth Floor (Suite 5H03), Washington, DC 20522–0505. FOR FURTHER INFORMATION CONTACT: Dated: July 29, 2014. Evan M. Ryan, Assistant Secretary, Bureau of Educational and Cultural Affairs, Department of State. [FR Doc. 2014–18330 Filed 8–1–14; 8:45 am] BILLING CODE 4710–05–P PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 On November 24, 2013, the United States and its partners in the P5+1 (France, the United Kingdom, Russia, China, and Germany) and the EU reached an initial understanding with Iran, outlined in a Joint Plan of Action (JPOA), that halts progress on its nuclear program and rolls it back in key respects. In return, the P5+1 committed to provide limited, temporary, and targeted sanctions relief to Iran. The JPOA was scheduled to expire after July 20, 2014. The JPOA was renewed by mutual consent of the P5+1, EU, and Iran on July 19, 2014, extending the temporary sanctions relief provided under the JPOA through November 24, 2014 (the Extended JPOA Period), in order to continue to negotiate a long-term comprehensive solution to prevent Iran from acquiring a nuclear weapon and to ensure that Iran’s nuclear program will be exclusively peaceful. This Notice outlines the U.S. government actions taken to implement the sanctions relief aspects of this understanding. Effective Date: The effective dates of these waiver actions are as described in the determinations set forth below. FOR FURTHER INFORMATION CONTACT: On general issues: John Hughes, Office of Economic Sanctions Policy and Implementation, Department of State, Telephone: (202) 647–7489. SUPPLEMENTARY INFORMATION: To implement this limited sanctions relief, the U.S. government has executed temporary, partial waivers of certain statutory sanctions and has issued guidance regarding the suspension of sanctions under relevant Executive Orders and regulations. All U.S. sanctions not explicitly waived or suspended pursuant to the JPOA as extended remain fully in force, including sanctions on transactions with individuals and entities on the SDN List unless otherwise specified. Furthermore, U.S. persons and foreign entities owned or controlled by U.S. persons (‘‘U.S.-owned or -controlled foreign entities’’) continue to be DATES: E:\FR\FM\04AUN1.SGM 04AUN1 tkelley on DSK3SPTVN1PROD with NOTICES Federal Register / Vol. 79, No. 149 / Monday, August 4, 2014 / Notices generally prohibited from conducting transactions with Iran, including any transactions of the types permitted pursuant to the JPOA as extended, unless licensed to do so by the Office of Foreign Assets Control (OFAC). The U.S. government will continue to enforce U.S. sanctions laws and regulations against those who engage in sanctionable activities that are not covered by the suspensions and temporary waivers pursuant to the JPOA as extended. All suspended sanctions are scheduled to resume on November 25, 2014 unless further action is taken by the P5+1 and Iran and subsequent waivers and guidance are issued by the U.S. government. Companies engaging in activities covered by the temporary sanctions relief described in this fact sheet should expect sanctions to apply to any activities that extend beyond the current end date of the Extended JPOA Period, November 24, 2014. The temporary suspension of sanctions applies only to activities that begin and end during the period January 20, 2014 to November 24, 2014. Except as specified below with respect to payments for insurance claims, the suspension does not apply to any related, otherwise sanctionable conduct, including shipping and financial activities, undertaken before that period or after that period, even if they are undertaken pursuant to contracts entered into during the JPOA period or Extended JPOA Period. For example, deliveries of goods or services after the Extended JPOA Period would be sanctionable even if relevant contracts were entered into during the JPOA Period or Extended JPOA Period. To the extent that the provision of insurance or reinsurance is an associated service of an activity for which the JPOA provides temporary relief, the provision of such insurance or reinsurance by a non-U.S. person not otherwise subject to the Iranian Transactions and Sanctions Regulations (ITSR) during the Extended JPOA Period would not be sanctionable. Insurance payments for claims arising from incidents that occur during the JPOA Period and/or Extended JPOA Period may be paid after November 24, 2014, so long as the underlying transactions and activities conform to all other aspects of the sanctions remaining in place and the terms of the sanctions relief provided in the JPOA. Insurance and reinsurance companies should contact the U.S. government directly with any inquiries. U.S. persons and their foreign subsidiaries remain prohibited from participating in the provision of VerDate Mar<15>2010 17:28 Aug 01, 2014 Jkt 232001 insurance or reinsurance services to or for the benefit of Iran or sanctioned entities, including with respect to all elements of the sanctions relief provided pursuant to the JPOA, unless specifically authorized by OFAC. The Secretary of State took the following action: Acting under the authorities vested in me as Secretary of State, including through the applicable delegations of authority, I hereby make the following determinations and certifications: Pursuant to Sections 1244(i), 1245(g), 1246(e), and 1247(f) of the Iran Freedom and Counter-Proliferation Act of 2012 (subtitle D of title XII of Pub. L. 112– 239, 22 U.S.C. 8801 et seq.) (IFCA), I determine that it is vital to the national security of the United States to waive the imposition of sanctions pursuant to: 1. Section 1244(c)(1) of IFCA 1 to the extent required for: a. Transactions by non-U.S. persons for the export from Iran of petrochemical products,2 and for associated services, excluding any transactions involving persons on the list of specially designated nationals and blocked persons of the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury (hereinafter the SDN List) except for the following companies: Bandar Imam Petrochemical Company; Bou Ali Sina Petrochemical Company; Ghaed Bassir Petrochemical Products Company; Iran Petrochemical Commercial Company; Jam Petrochemical Company; Marjan Petrochemical Company; Mobin Petrochemical Company; National Petrochemical Company; Nouri Petrochemical Company; Pars Petrochemical Company; Sadaf Petrochemical Assaluyeh Company; Shahid Tondgooyan Petrochemical Company; Shazand Petrochemical Company; and Tabriz Petrochemical Company; b. Transactions by U.S. or non-U.S. persons for the supply and installation of spare parts necessary for the safety of flight for Iranian civil aviation, for safety-related inspections and repairs in Iran, and for associated services, provided that OFAC has issued any required licenses, excluding any transactions involving persons on the SDN List except for Iran Air; 1 Pursuant to section 1244(c)(2)(C)(iii) of IFCA, the relevant sanction in Section 1244(c)(1) continues not to apply, by its terms, in the case of Iranian financial institutions that have not been designated for the imposition of sanctions in connection with Iran’s proliferation of weapons of mass destruction or delivery systems for weapons of mass destruction, support for international terrorism, or abuses of human rights (as described in section 1244(c)(3)). 2 77 FR 67726–67731 (Nov. 13, 2012). PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 45229 c. Transactions by non-U.S. persons to which sanctions would not apply if an exception under section 1244(g)(2) of IFCA were applied to China, India, Japan, the Republic of Korea, Taiwan, and Turkey, and for insurance and transportation services associated with such transactions, provided that such transactions are consistent with the purchase amounts provided for in the Joint Plan of Action of November 24, 2013, as extended, excluding any transactions or associated services involving persons on the SDN List except for the National Iranian Oil Company and the National Iranian Tanker Company; d. Transactions by non-U.S. persons for the sale, supply or transfer to or from Iran of precious metals, provided that such transactions are within the scope of the waiver of Sections 1245(a)(1)(A) and 1245(c) of IFCA (section 3 below), and for associated services, excluding any transactions involving persons on the SDN List except for any political subdivision, agency, or instrumentality of the Government of Iran listed solely pursuant to E.O. 13599; 2. Section 1244(d) of IFCA to the extent required for the sale, supply or transfer of goods or services by non-U.S. persons in connection with transactions by non-U.S. persons to which sanctions would not apply if an exception under section 1244(g)(2) of IFCA were applied to China, India, Japan, the Republic of Korea, Taiwan, and Turkey, and for insurance and transportation services associated with such transactions, provided that such transactions are consistent with the purchase amounts provided for in the Joint Plan of Action of November 24, 2013, as extended, excluding any transactions or associated services involving persons on the SDN List except for the National Iranian Oil Company and the National Iranian Tanker Company; 3. Sections 1245(a)(1)(A) and 1245(c) of IFCA to the extent required for transactions by non-U.S. persons for the sale, supply, or transfer to or from Iran of precious metals, provided that: a. Such transactions do not involve persons on the SDN List, except for any political subdivision, agency, or instrumentality of the Government of Iran listed solely pursuant to E.O. 13599 or any Iranian depository institution listed solely pursuant to E.O. 13599; and b. This waiver shall not apply to transactions for the sale, supply, or transfer to Iran of precious metals involving funds credited to an account located outside Iran pursuant to Section 1245(d)(4)(D)(ii)(II) of the National Defense Authorization Act for Fiscal Year 2012; E:\FR\FM\04AUN1.SGM 04AUN1 45230 Federal Register / Vol. 79, No. 149 / Monday, August 4, 2014 / Notices tkelley on DSK3SPTVN1PROD with NOTICES 4. Section 1246(a) of IFCA 3 to the extent required for the provision of underwriting services or insurance or reinsurance: a. By non-U.S. persons for the export from Iran of petrochemical products and for associated services, excluding any transactions involving persons on the SDN List except for the following companies: Bandar Imam Petrochemical Company; Bou Ali Sina Petrochemical Company; Ghaed Bassir Petrochemical Products; Iran Petrochemical Commercial Company; Jam Petrochemical Company; Marjan Petrochemical Company; Mobin Petrochemical Company; National Petrochemical Company; Nouri Petrochemical Company; Pars Petrochemical Company; Sadaf Petrochemical Assaluyeh Company; Shahid Tondgooyan Petrochemical Company; Shazand Petrochemical Company; and Tabriz Petrochemical Company; b. By U.S. persons or non-U.S. persons for the supply and installation of spare parts necessary for the safety of flight for Iranian civil aviation, for safety-related inspections and repairs in Iran, and for associated services, provided that OFAC has issued any required licenses, excluding any transactions involving persons on the SDN List except for Iran Air; c. By non-U.S. persons for transactions to which sanctions would not apply if an exception under section 1244(g)(2) of IFCA were applied to China, India, Japan, the Republic of Korea, Taiwan, and Turkey, and for insurance and transportation services associated with such transactions, provided that such transactions are consistent with the purchase amounts provided for in the Joint Plan of Action of November 24, 2013, as extended, excluding any transactions or associated services involving persons on the SDN List except for the National Iranian Oil Company and the National Iranian Tanker Company; and d. By non-U.S. persons for the sale, supply or transfer to or from Iran of precious metals, provided that such transactions are within the scope of the waiver of Sections 1245(a)(1)(A) and 1245(c) of IFCA, and for associated services, excluding any transactions involving persons on the SDN List 3 Pursuant to section 1246(a)(1)(C) of IFCA, the relevant sanction in section 1246(a)(1) continues not to apply, by its terms, in the case of Iranian financial institutions that have not been designated for the imposition of sanctions in connection with Iran’s proliferation of weapons of mass destruction or delivery systems for weapons of mass destruction, support for international terrorism, or abuses of human rights (as described in section 1246(b)). VerDate Mar<15>2010 17:28 Aug 01, 2014 Jkt 232001 except for any political subdivision, agency, or instrumentality of the Government of Iran listed solely pursuant to E.O. 13599; e. By non-U.S. persons for the sale, supply or transfer to Iran of goods and services used in connection with the automotive sector of Iran and for associated services, excluding any transactions involving persons on the SDN List. 5. Section 1247(a) of IFCA 4 to the extent required for transactions by foreign financial institutions on behalf of: a. Bandar Imam Petrochemical Company; Bou Ali Sina Petrochemical Company; Ghaed Bassir Petrochemical Products; Iran Petrochemical Commercial Company; Jam Petrochemical Company; Marjan Petrochemical Company; Mobin Petrochemical Company; National Petrochemical Company; Nouri Petrochemical Company; Pars Petrochemical Company; Shahid Tondgooyan Petrochemical Company; Sadaf Petrochemical Assaluyeh Company; Shahid Tondgooyan Petrochemical Company; Shazand Petrochemical Company; and Tabriz Petrochemical Company for the export from Iran of petrochemicals; b. Iran Air for the supply and installation of spare parts necessary for the safety of flight by Iran Air and for safety-related inspections and repairs for Iran Air, provided that OFAC has issued any required licenses; c. The National Iranian Oil Company and the National Iranian Tanker Company for transactions by non-U.S. persons to which sanctions would not apply if an exception under section 1244(g)(2) of IFCA were applied to China, India, Japan, the Republic of Korea, Taiwan, and Turkey, provided that such transactions are consistent with the purchase amounts provided for in the Joint Plan of Action of November 24, 2013, as extended, excluding any transactions or associated services involving any other persons on the SDN List; and d. Any political subdivision, agency, or instrumentality of the Government of Iran listed solely pursuant to E.O. 13599 for the sale, supply or transfer to or from Iran of precious metals, provided that such transactions are within the scope 4 Pursuant to section 1247(a) of IFCA, the relevant sanction in section 1247(a) still continues not to apply, by its terms, in the case of Iranian financial institutions that have not been designated for the imposition of sanctions in connection with Iran’s proliferation of weapons of mass destruction or delivery systems for weapons of mass destruction, support for international terrorism, or abuses of human rights (as described in section 1247(b)). PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 of the waiver of Sections 1245(a)(1)(A) and 1245(c) of IFCA. Pursuant to Section 4(c)(1)(A) of the Iran Sanctions Act of 1996 (Pub. L. 104– 172, 50 U.S.C. 1701 note) (ISA), I certify that it is vital to the national security interests of the United States to waive the application of section 5(a)(7) of ISA to the National Iranian Oil Company and the National Iranian Tanker Company to the extent required for insurance and transportation services provided on or after July 18, 2014, and associated with transactions to which sanctions would not apply if an exception under section 1244(g)(2) of IFCA were applied to China, India, Japan, the Republic of Korea, Taiwan, and Turkey, provided that such transactions are consistent with the purchase amounts provided for in the Joint Plan of Action of November 24, 2013, as extended. These waivers shall take effect upon their transmittal to Congress, unless otherwise provided in the relevant provision of law, and the waivers shall apply to transactions during the period July 18, 2014, through November 24, 2014. (Signed John F. Kerry, Secretary of State) Therefore, these sanctions have been waived as described in the determinations above. 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. Dated: July 28, 2014. Charles H. Rivkin, Assistant Secretary for Economic and Business Affairs. [FR Doc. 2014–18333 Filed 8–1–14; 8:45 am] BILLING CODE 4710–07–P DEPARMENT OF TRANSPORTATION Federal Highway Administration Environmental Impact Statement: Northwest Corridor Project— Municipalities of Hatillo, Camuy, Quebradillas, Isabela, Moca and Aguadilla, Commonwealth of Puerto Rico Federal Highway Administration (FHWA), DOT. ACTION: Notice of Intent. AGENCY: The FHWA is issuing this notice to advise the public that an environmental impact statement (EIS) will be prepared for a proposed Northwest Corridor highway project within the Municipalities of Hatillo, SUMMARY: E:\FR\FM\04AUN1.SGM 04AUN1

Agencies

[Federal Register Volume 79, Number 149 (Monday, August 4, 2014)]
[Notices]
[Pages 45228-45230]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-18333]


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DEPARTMENT OF STATE

[Public Notice 8809]


Provision of Certain Temporary and Limited Sanctions Relief in 
Order To Implement the Joint Plan of Action of November 24, 2013 
Between the P5+1 and the Islamic Republic of Iran, as Extended Through 
November 24, 2014

AGENCY: Department of State.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: On November 24, 2013, the United States and its partners in 
the P5+1 (France, the United Kingdom, Russia, China, and Germany) and 
the EU reached an initial understanding with Iran, outlined in a Joint 
Plan of Action (JPOA), that halts progress on its nuclear program and 
rolls it back in key respects. In return, the P5+1 committed to provide 
limited, temporary, and targeted sanctions relief to Iran. The JPOA was 
scheduled to expire after July 20, 2014.
    The JPOA was renewed by mutual consent of the P5+1, EU, and Iran on 
July 19, 2014, extending the temporary sanctions relief provided under 
the JPOA through November 24, 2014 (the Extended JPOA Period), in order 
to continue to negotiate a long-term comprehensive solution to prevent 
Iran from acquiring a nuclear weapon and to ensure that Iran's nuclear 
program will be exclusively peaceful.
    This Notice outlines the U.S. government actions taken to implement 
the sanctions relief aspects of this understanding.

DATES: Effective Date: The effective dates of these waiver actions are 
as described in the determinations set forth below.

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

SUPPLEMENTARY INFORMATION: To implement this limited sanctions relief, 
the U.S. government has executed temporary, partial waivers of certain 
statutory sanctions and has issued guidance regarding the suspension of 
sanctions under relevant Executive Orders and regulations. All U.S. 
sanctions not explicitly waived or suspended pursuant to the JPOA as 
extended remain fully in force, including sanctions on transactions 
with individuals and entities on the SDN List unless otherwise 
specified.
    Furthermore, U.S. persons and foreign entities owned or controlled 
by U.S. persons (``U.S.-owned or -controlled foreign entities'') 
continue to be

[[Page 45229]]

generally prohibited from conducting transactions with Iran, including 
any transactions of the types permitted pursuant to the JPOA as 
extended, unless licensed to do so by the Office of Foreign Assets 
Control (OFAC). The U.S. government will continue to enforce U.S. 
sanctions laws and regulations against those who engage in sanctionable 
activities that are not covered by the suspensions and temporary 
waivers pursuant to the JPOA as extended.
    All suspended sanctions are scheduled to resume on November 25, 
2014 unless further action is taken by the P5+1 and Iran and subsequent 
waivers and guidance are issued by the U.S. government. Companies 
engaging in activities covered by the temporary sanctions relief 
described in this fact sheet should expect sanctions to apply to any 
activities that extend beyond the current end date of the Extended JPOA 
Period, November 24, 2014. The temporary suspension of sanctions 
applies only to activities that begin and end during the period January 
20, 2014 to November 24, 2014. Except as specified below with respect 
to payments for insurance claims, the suspension does not apply to any 
related, otherwise sanctionable conduct, including shipping and 
financial activities, undertaken before that period or after that 
period, even if they are undertaken pursuant to contracts entered into 
during the JPOA period or Extended JPOA Period. For example, deliveries 
of goods or services after the Extended JPOA Period would be 
sanctionable even if relevant contracts were entered into during the 
JPOA Period or Extended JPOA Period.
    To the extent that the provision of insurance or reinsurance is an 
associated service of an activity for which the JPOA provides temporary 
relief, the provision of such insurance or reinsurance by a non-U.S. 
person not otherwise subject to the Iranian Transactions and Sanctions 
Regulations (ITSR) during the Extended JPOA Period would not be 
sanctionable.
    Insurance payments for claims arising from incidents that occur 
during the JPOA Period and/or Extended JPOA Period may be paid after 
November 24, 2014, so long as the underlying transactions and 
activities conform to all other aspects of the sanctions remaining in 
place and the terms of the sanctions relief provided in the JPOA. 
Insurance and reinsurance companies should contact the U.S. government 
directly with any inquiries.
    U.S. persons and their foreign subsidiaries remain prohibited from 
participating in the provision of insurance or reinsurance services to 
or for the benefit of Iran or sanctioned entities, including with 
respect to all elements of the sanctions relief provided pursuant to 
the JPOA, unless specifically authorized by OFAC.
    The Secretary of State took the following action:
    Acting under the authorities vested in me as Secretary of State, 
including through the applicable delegations of authority, I hereby 
make the following determinations and certifications:
    Pursuant to Sections 1244(i), 1245(g), 1246(e), and 1247(f) of the 
Iran Freedom and Counter-Proliferation Act of 2012 (subtitle D of title 
XII of Pub. L. 112-239, 22 U.S.C. 8801 et seq.) (IFCA), I determine 
that it is vital to the national security of the United States to waive 
the imposition of sanctions pursuant to:
    1. Section 1244(c)(1) of IFCA \1\ to the extent required for:
---------------------------------------------------------------------------

    \1\ Pursuant to section 1244(c)(2)(C)(iii) of IFCA, the relevant 
sanction in Section 1244(c)(1) continues not to apply, by its terms, 
in the case of Iranian financial institutions that have not been 
designated for the imposition of sanctions in connection with Iran's 
proliferation of weapons of mass destruction or delivery systems for 
weapons of mass destruction, support for international terrorism, or 
abuses of human rights (as described in section 1244(c)(3)).
---------------------------------------------------------------------------

    a. Transactions by non-U.S. persons for the export from Iran of 
petrochemical products,\2\ and for associated services, excluding any 
transactions involving persons on the list of specially designated 
nationals and blocked persons of the Office of Foreign Assets Control 
(OFAC) of the U.S. Department of the Treasury (hereinafter the SDN 
List) except for the following companies: Bandar Imam Petrochemical 
Company; Bou Ali Sina Petrochemical Company; Ghaed Bassir Petrochemical 
Products Company; Iran Petrochemical Commercial Company; Jam 
Petrochemical Company; Marjan Petrochemical Company; Mobin 
Petrochemical Company; National Petrochemical Company; Nouri 
Petrochemical Company; Pars Petrochemical Company; Sadaf Petrochemical 
Assaluyeh Company; Shahid Tondgooyan Petrochemical Company; Shazand 
Petrochemical Company; and Tabriz Petrochemical Company;
---------------------------------------------------------------------------

    \2\ 77 FR 67726-67731 (Nov. 13, 2012).
---------------------------------------------------------------------------

    b. Transactions by U.S. or non-U.S. persons for the supply and 
installation of spare parts necessary for the safety of flight for 
Iranian civil aviation, for safety-related inspections and repairs in 
Iran, and for associated services, provided that OFAC has issued any 
required licenses, excluding any transactions involving persons on the 
SDN List except for Iran Air;
    c. Transactions by non-U.S. persons to which sanctions would not 
apply if an exception under section 1244(g)(2) of IFCA were applied to 
China, India, Japan, the Republic of Korea, Taiwan, and Turkey, and for 
insurance and transportation services associated with such 
transactions, provided that such transactions are consistent with the 
purchase amounts provided for in the Joint Plan of Action of November 
24, 2013, as extended, excluding any transactions or associated 
services involving persons on the SDN List except for the National 
Iranian Oil Company and the National Iranian Tanker Company;
    d. Transactions by non-U.S. persons for the sale, supply or 
transfer to or from Iran of precious metals, provided that such 
transactions are within the scope of the waiver of Sections 
1245(a)(1)(A) and 1245(c) of IFCA (section 3 below), and for associated 
services, excluding any transactions involving persons on the SDN List 
except for any political subdivision, agency, or instrumentality of the 
Government of Iran listed solely pursuant to E.O. 13599;
    2. Section 1244(d) of IFCA to the extent required for the sale, 
supply or transfer of goods or services by non-U.S. persons in 
connection with transactions by non-U.S. persons to which sanctions 
would not apply if an exception under section 1244(g)(2) of IFCA were 
applied to China, India, Japan, the Republic of Korea, Taiwan, and 
Turkey, and for insurance and transportation services associated with 
such transactions, provided that such transactions are consistent with 
the purchase amounts provided for in the Joint Plan of Action of 
November 24, 2013, as extended, excluding any transactions or 
associated services involving persons on the SDN List except for the 
National Iranian Oil Company and the National Iranian Tanker Company;
    3. Sections 1245(a)(1)(A) and 1245(c) of IFCA to the extent 
required for transactions by non-U.S. persons for the sale, supply, or 
transfer to or from Iran of precious metals, provided that:
    a. Such transactions do not involve persons on the SDN List, except 
for any political subdivision, agency, or instrumentality of the 
Government of Iran listed solely pursuant to E.O. 13599 or any Iranian 
depository institution listed solely pursuant to E.O. 13599; and
    b. This waiver shall not apply to transactions for the sale, 
supply, or transfer to Iran of precious metals involving funds credited 
to an account located outside Iran pursuant to Section 
1245(d)(4)(D)(ii)(II) of the National Defense Authorization Act for 
Fiscal Year 2012;

[[Page 45230]]

    4. Section 1246(a) of IFCA \3\ to the extent required for the 
provision of underwriting services or insurance or reinsurance:
---------------------------------------------------------------------------

    \3\ Pursuant to section 1246(a)(1)(C) of IFCA, the relevant 
sanction in section 1246(a)(1) continues not to apply, by its terms, 
in the case of Iranian financial institutions that have not been 
designated for the imposition of sanctions in connection with Iran's 
proliferation of weapons of mass destruction or delivery systems for 
weapons of mass destruction, support for international terrorism, or 
abuses of human rights (as described in section 1246(b)).
---------------------------------------------------------------------------

    a. By non-U.S. persons for the export from Iran of petrochemical 
products and for associated services, excluding any transactions 
involving persons on the SDN List except for the following companies: 
Bandar Imam Petrochemical Company; Bou Ali Sina Petrochemical Company; 
Ghaed Bassir Petrochemical Products; Iran Petrochemical Commercial 
Company; Jam Petrochemical Company; Marjan Petrochemical Company; Mobin 
Petrochemical Company; National Petrochemical Company; Nouri 
Petrochemical Company; Pars Petrochemical Company; Sadaf Petrochemical 
Assaluyeh Company; Shahid Tondgooyan Petrochemical Company; Shazand 
Petrochemical Company; and Tabriz Petrochemical Company;
    b. By U.S. persons or non-U.S. persons for the supply and 
installation of spare parts necessary for the safety of flight for 
Iranian civil aviation, for safety-related inspections and repairs in 
Iran, and for associated services, provided that OFAC has issued any 
required licenses, excluding any transactions involving persons on the 
SDN List except for Iran Air;
    c. By non-U.S. persons for transactions to which sanctions would 
not apply if an exception under section 1244(g)(2) of IFCA were applied 
to China, India, Japan, the Republic of Korea, Taiwan, and Turkey, and 
for insurance and transportation services associated with such 
transactions, provided that such transactions are consistent with the 
purchase amounts provided for in the Joint Plan of Action of November 
24, 2013, as extended, excluding any transactions or associated 
services involving persons on the SDN List except for the National 
Iranian Oil Company and the National Iranian Tanker Company; and
    d. By non-U.S. persons for the sale, supply or transfer to or from 
Iran of precious metals, provided that such transactions are within the 
scope of the waiver of Sections 1245(a)(1)(A) and 1245(c) of IFCA, and 
for associated services, excluding any transactions involving persons 
on the SDN List except for any political subdivision, agency, or 
instrumentality of the Government of Iran listed solely pursuant to 
E.O. 13599;
    e. By non-U.S. persons for the sale, supply or transfer to Iran of 
goods and services used in connection with the automotive sector of 
Iran and for associated services, excluding any transactions involving 
persons on the SDN List.
    5. Section 1247(a) of IFCA \4\ to the extent required for 
transactions by foreign financial institutions on behalf of:
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    \4\ Pursuant to section 1247(a) of IFCA, the relevant sanction 
in section 1247(a) still continues not to apply, by its terms, in 
the case of Iranian financial institutions that have not been 
designated for the imposition of sanctions in connection with Iran's 
proliferation of weapons of mass destruction or delivery systems for 
weapons of mass destruction, support for international terrorism, or 
abuses of human rights (as described in section 1247(b)).
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    a. Bandar Imam Petrochemical Company; Bou Ali Sina Petrochemical 
Company; Ghaed Bassir Petrochemical Products; Iran Petrochemical 
Commercial Company; Jam Petrochemical Company; Marjan Petrochemical 
Company; Mobin Petrochemical Company; National Petrochemical Company; 
Nouri Petrochemical Company; Pars Petrochemical Company; Shahid 
Tondgooyan Petrochemical Company; Sadaf Petrochemical Assaluyeh 
Company; Shahid Tondgooyan Petrochemical Company; Shazand Petrochemical 
Company; and Tabriz Petrochemical Company for the export from Iran of 
petrochemicals;
    b. Iran Air for the supply and installation of spare parts 
necessary for the safety of flight by Iran Air and for safety-related 
inspections and repairs for Iran Air, provided that OFAC has issued any 
required licenses;
    c. The National Iranian Oil Company and the National Iranian Tanker 
Company for transactions by non-U.S. persons to which sanctions would 
not apply if an exception under section 1244(g)(2) of IFCA were applied 
to China, India, Japan, the Republic of Korea, Taiwan, and Turkey, 
provided that such transactions are consistent with the purchase 
amounts provided for in the Joint Plan of Action of November 24, 2013, 
as extended, excluding any transactions or associated services 
involving any other persons on the SDN List; and
    d. Any political subdivision, agency, or instrumentality of the 
Government of Iran listed solely pursuant to E.O. 13599 for the sale, 
supply or transfer to or from Iran of precious metals, provided that 
such transactions are within the scope of the waiver of Sections 
1245(a)(1)(A) and 1245(c) of IFCA.
    Pursuant to Section 4(c)(1)(A) of the Iran Sanctions Act of 1996 
(Pub. L. 104-172, 50 U.S.C. 1701 note) (ISA), I certify that it is 
vital to the national security interests of the United States to waive 
the application of section 5(a)(7) of ISA to the National Iranian Oil 
Company and the National Iranian Tanker Company to the extent required 
for insurance and transportation services provided on or after July 18, 
2014, and associated with transactions to which sanctions would not 
apply if an exception under section 1244(g)(2) of IFCA were applied to 
China, India, Japan, the Republic of Korea, Taiwan, and Turkey, 
provided that such transactions are consistent with the purchase 
amounts provided for in the Joint Plan of Action of November 24, 2013, 
as extended.
    These waivers shall take effect upon their transmittal to Congress, 
unless otherwise provided in the relevant provision of law, and the 
waivers shall apply to transactions during the period July 18, 2014, 
through November 24, 2014.

(Signed John F. Kerry, Secretary of State)

    Therefore, these sanctions have been waived as described in the 
determinations above. 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.

    Dated: July 28, 2014.
Charles H. Rivkin,
Assistant Secretary for Economic and Business Affairs.
[FR Doc. 2014-18333 Filed 8-1-14; 8:45 am]
BILLING CODE 4710-07-P