[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: 31CFR550.404]



[Page 280]

 

                  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]