OFAC Issues New General License for Temporary Aircraft Exports to Iran
Thursday, October 20, 2016

On 29 July 2016, the Treasury Department’s Office of Foreign Assets Control (OFAC) issued a new general license authorising temporary sojourn of certain non-US registered aircraft in Iran. The general license, General License J, applies only to re-exports by non-US persons of fixed-wing civil aircraft that are registered in a country other than the US, Iran or another E:1 country, and that are subject to the EAR for export to Iran. Temporary sojourns in Iran that are authorized by General License J must be no more than 72 hours, and aircraft must remain under the control of the non-US person reexporter. Additional limitations and related authorisations are set forth in General License J.

 

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