October 24, 2019: OFAC lets you wind down your business with COSCO Dalian…

On Thursday, OFAC issued Iran General License K, which gives you about 2 months (till December 20th) to take care of any maintenance or wind down transactions involving COSCO Shipping Tanker (Dalian) Co Ltd (and its 50 Percent Rule holdings).

It only took them a month to issue that license since COSCO was designated – on September 25th.

Links:

OFAC Notice

OFAC General License K

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