[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: 31CFR550.415]



[Page 282]

 

                  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]



[[Page 283]]