[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR550.404]

[Page 762]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 550_LIBYAN SANCTIONS REGULATIONS--Table of Contents
 
                        Subpart D_Interpretations
 
Sec. 550.404  Import and export of goods in transit before the effective 
date.

    (a) Section 550.201 does not apply to goods:
    (1) If imported by vessel, where the vessel arrives within the 
limits of a port in the United States prior to the effective date with 
the intent to unlade such goods; or
    (2) If imported other than by vessel, where the goods arrive within 
the Customs territory of the United States before the effective date.
    (b) Section 550.202 does not apply to goods:
    (1) If exported by vessel or airline, where the goods are laden on 
board before the effective date; or
    (2) If exported other than by vessel or airplane, where the goods 
have left the United States before the effective date.

[51 FR 1354, Jan. 10, 1986, as amended at 51 FR 2464, Jan. 16, 1986]