OFAC publishes updated Iran FAQs on supplying fuel to vessels

OFAC has updated FAQ 296 and has published new FAQs which relate to the provision of bunkering services (supplying fuel) to Iranian and non-Iranian vessels. OFAC Notice.

Iranian Vessels

The FAQs specify that “the bunkering by non-U.S. persons of an Iranian vessel that has been identified as blocked property of an Iranian person […] – or that make related payments for these bunkering services — risk being designated themselves.”

Non-Iranian Vessel

The FAQs state that if a vessel is transporting sanctionable goods to or from Iran (such as petroleum or metals), bunkering the vessel or providing services for the bunkering of a vessel (such as making related payments) in any country other than Iran could lead to secondary sanctions.

IranIran United StatesUnited States

About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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