[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: 31CFR550.415]

[Page 765]
 
                  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. 550.415  Advance payments.

    The prohibitions contained in Sec. 550.209 do not apply to goods 
manufactured, consigned, or destined for export to Libya, if the 
Government of Libya did not have title to such goods on or at any time 
after 4:10 p.m. e.s.t., January 8, 1986. However, if such goods are not 
exported to Libya prior to 12:01 p.m. e.s.t., February 1, 1986, then any 
advance payment received in connection with such property is subject to 
the prohibitions contained in Sec. 550.209.

[51 FR 2464, Jan. 16, 1986]