[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR560.405]

[Page 776]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 560--IRANIAN TRANSACTIONS REGULATIONS--Table of Contents
 
                       Subpart D--Interpretations
 
Sec. 560.405  Transactions incidental to a licensed transaction authorized.

    Any transaction ordinarily incident to a licensed transaction and 
necessary to give effect thereto is also authorized, except:
    (a) A transaction by an unlicensed Iranian governmental entity or 
involving a debit or credit to an Iranian account not explicitly 
authorized within the terms of the license;
    (b) Provision of any transportation services to or from Iran not 
explicitly authorized in or pursuant to this part other than loading, 
transporting, and discharging licensed or exempt cargo there.
    (c) Distribution or leasing in Iran of any containers or similar 
goods owned or controlled by United States persons after the performance 
of transportation services to Iran;
    (d) Financing of licensed sales for exportation or reexportation of 
agricultural commodities or products, medicine or medical equipment to 
Iran or the Government of Iran (see Sec. 560.532); and
    (e) Letter of credit services relating to transactions authorized in 
Sec. 560.534. See Sec. 560.535(a).

[64 FR 41791, Aug. 2, 1999, as amended at 65 FR 25643, May 3, 2000; 66 
FR 36692, July 12, 2001]