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OFAC Issues New General License for Temporary Aircraft Exports to Iran

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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