[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR505.31]



[Page 84-85]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 505_REGULATIONS PROHIBITING TRANSACTIONS INVOLVING THE SHIPMENT 

OF CERTAIN MERCHANDISE BETWEEN FOREIGN COUNTRIES--Table of Contents

 

Sec. 505.31  General license for offshore transactions from certain 

countries.



    (a) Except as provided in paragraph (b) of this section, all 

transactions prohibited by Sec. 505.10 are hereby authorized provided:

    (1) Shipment is to a country listed in the schedule to Sec. 505.10, 

other than North Korea; and

    (2) Shipment is made from and licensed by one of the following 

foreign countries: Australia, Austria, Belgium, Canada, Denmark, France, 

Finland,



[[Page 85]]



Germany, Greece, Hong Kong, Ireland, Italy, Japan, Luxembourg, The 

Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, 

Turkey, or the United Kingdom.

    (b) This section does not authorize any transactions otherwise 

prohibited by this chapter.



[37 FR 3520, Feb. 17, 1972, as amended at 41 FR 16557, Apr. 20, 1976; 56 

FR 45895, Sept. 9, 1991; 58 FR 13198, Mar. 10, 1993]