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OFAC adds some, removes some Venezuela designations, issues a General License & an FAQ

Earlier today, OFAC added the following persons:

ESPARZA GARCIA, Veronica, Mexico; DOB 16 Jan 1973; POB Sinaloa, Mexico; citizen Mexico; Gender Female; C.U.R.P. EAGV730116MSLSRR04 (Mexico) (individual) [VENEZUELA-EO13850].

LEAL JIMENEZ, Joaquin, Mexico; DOB 17 Jul 1992; POB Guanajuato, Mexico; citizen Mexico; Gender Male; C.U.R.P. LEJJ920717HGTLMQ01 (Mexico) (individual) [VENEZUELA-EO13850].

ZEPEDA ESPARZA, Olga Maria, Mexico; DOB 29 Jul 1996; POB Sinaloa, Mexico; citizen Mexico; Gender Female; Passport G16310107 (Mexico); C.U.R.P. ZEEO960729MSLPSL09 (Mexico) (individual) [VENEZUELA-EO13850].

entities:

ALEL TECHNOLOGIES LLC, 778 Boylston Street, Unit 6B, Boston, MA 02199, United States; DE, United States; TX, United States; CA, United States; Tax ID No. 32071216470 (Texas) (United States); File Number 7136946 (Delaware) (United States) [VENEZUELA-EO13850].

COSMO RESOURCES PTE. LTD., 6 Raffles Quay #14-04/05, Singapore; Registration Number 202004238H (Singapore) [VENEZUELA-EO13850].

DELOS VOYAGER SHIPPING LTD, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands; Identification Number IMO 6019130 [VENEZUELA-EO13850].

LIBRE ABORDO, S.A. DE C.V., Av. Constituyentes 345 Oficina 208, Colonia Daniel Garza, Alcaldia Miguel Hidalgo, Mexico City C.P. 11830, Mexico; RFC LAB100708RW2 (Mexico) [VENEZUELA-EO13850].

LUZY TECHNOLOGIES LLC, 778 Boylston Street, Unit 6B, Boston, MA 02199, United States; DE, United States; File Number 7136973 (Delaware) (United States) [VENEZUELA-EO13850].

ROMINA MARITIME CO INC, 5th Floor, 99, Akti Miaouli, 185 38, Piraeus, Greece; Identification Number IMO 5967632 [VENEZUELA-EO13850].

SCHLAGER BUSINESS GROUP S. DE R.L. DE C.V., Constituyentes 345 Oficina 208, Col. Daniel Garza, Alcaldia Miguel Hidalgo, Mexico City C.P. 11830, Mexico; RFC SBG1611153R6 (Mexico) [VENEZUELA-EO13850].

WASHINGTON TRADING LTD, 71-75 Shelton Street, Covent Garden, London WC2H 9JQ, United Kingdom; Company Number 12447296 (United Kingdom) [VENEZUELA-EO13850].

and vessels:

DELOS VOYAGER Crude Oil Tanker Panama flag; Vessel Registration Identification IMO 9273052 (vessel) [VENEZUELA-EO13850] (Linked To: DELOS VOYAGER SHIPPING LTD).

EUROFORCE Crude Oil Tanker Liberia flag; Vessel Registration Identification IMO 9251585 (vessel) [VENEZUELA-EO13850] (Linked To: ROMINA MARITIME CO INC).

to the SDN List under its Venezuela-related sanctions program.

It also removed the following vessels and shipping company:

ATHENS VOYAGER Crude Oil Tanker Panama flag; Vessel Registration Identification IMO 9337391 (vessel) [VENEZUELA-EO13850] (Linked To: AFRANAV MARITIME LTD).

AFRANAV MARITIME LTD, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH 96960, Marshall Islands; Identification Number IMO 6063849 [VENEZUELA-EO13850].

CHIOS I Crude Oil Tanker Malta flag; Vessel Registration Identification IMO 9792187 (vessel) [VENEZUELA-EO13850] (Linked To: SEACOMBER LTD).

SEACOMBER LTD, 94 Poseidonos Avenue & 2, Nikis Street, Glyfada, Athens 166 75, Greece; Identification Number IMO 4217141 [VENEZUELA-EO13850].

from these sanctions.

Additionally, it published General License 37, which authorizes wind downs involving Delos Voyager Shipping, Romina Maritime and those 2 newly-designated cargo vessels.

Lastly, a new Frequently Asked Question (FAQ) was added:

834. What does General License 37 authorize?

On June 18, 2020, OFAC designated pursuant to E.O. 13850among other entities and individuals, two entities for operating in the oil sector of the Venezuelan economy and identified two vessels owned by these entities as blocked property. Concurrent with this action, OFAC issued General License (GL) 37, which authorizes U.S. persons to engage in transactions and activities prohibited by E.O. 13850, as amended by E.O. 13857 and incorporated into the Venezuela Sanctions Regulations, that are ordinarily incident and necessary to the wind down of transactions involving the blocked persons or vessels listed in paragraph (b) of GL 37 through 12:01 am eastern daylight time, July 21, 2020.

The wind-down authorization in GL 37 includes, for example, completion of ongoing voyages, including discharge of cargo aboard such vessels as of June 18, 2020; docking or anchoring of the vessels at third-country, non-sanctioned ports; transactions related to the safety and maintenance of the vessels, such as entering into contracts and paying for insurance coverage, flagging, and safety and compliance inspections; and transactions related to the health and safety of any crew, including the provision and processing of wages or other employee benefits, or other provision of crewing services.

After the expiration of this authorization U.S. persons will be prohibited from engaging in all transactions with the persons or vessels listed in paragraph (b) of GL 37 that are not exempt or authorized by OFAC. U.S. persons unable to wind down transactions with the persons or vessels listed in paragraph (b) of GL 37 before 12:01 a.m. eastern daylight time, July 21, 2020, are encouraged to seek guidance from OFAC.

Non-U.S. persons may wind down transactions with the persons or vessels listed in paragraph (b) of GL 37 without exposure to sanctions under E.O. 13850, provided that such wind-down activity is consistent with GL 37. Entering into new contracts involving the persons or vessels listed in paragraph (b) of GL 37 is not authorized under GL 37, unless such contracts are for wind-down activity authorized in paragraph (a). Non-U.S. persons unable to wind down transactions with the persons or vessels listed in paragraph (b) of GL 37 before 12:01 a.m. eastern daylight time, July 21, 2020, are encouraged to seek guidance from OFAC. [06-18-2020]

Oh… and the State Department had something to say about all this:

Today, the United States imposed sanctions against active participants in a network of companies that transported oil stolen from the Venezuelan people under the guise of an oil-for-food scheme. This enterprise skimmed millions from funds that were claimed to have been for humanitarian aid, yet failed to deliver the promised food to the Venezuelan people.  The illegitimate Maduro regime continues to steal Venezuelan resources to tighten its authoritarian grip over the Venezuelan people.  Today’s action is another warning that any individual or company that facilitates this theft will no longer enjoy access to the U.S. financial system.  Maduro’s corrupt regime is directly responsible for the political, economic, and humanitarian crisis in Venezuela.

The United States is steadfast in its support for Interim President Juan Guaido, the democratically elected National Assembly, and the Venezuelan people in their quest for a peaceful democratic transition.  The United States calls on the international community to increase pressure against the Maduro regime until it relinquishes its illegitimate hold on power.

Links:

OFAC Notice

General License 37

New FAQ 834

State Department Press Release

Categories: Frequently Asked Questions (FAQ) Guidance Licenses OFAC Updates Sanctions Lists Venezuela sanctions

eric9to5

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