Breaking this up because it's an 18 page PDF. This will make it easier to digest…. And I'm going to skip the sections that non-lawyers will not understand with the current CACR in front of them.
Non-Agricultural Export Trade Financing
OFAC is amending section 515.533(a) to remove the former limitations on payment and
financing terms for all exports from the United States or reexports of 100 percent U.S.-origin items from a third country that are licensed or otherwise authorized by the Department of
Commerce, other than exports of agricultural items or commodities. As required by the Trade
Sanctions Reform and Export Enhancement Act of 2000, 22 U.S.C. 7207(b)(1), such agricultural
exports continue to be authorized only if one of the payment and financing terms specified in the
statute are used. OFAC also is amending section 515.584 to add an authorization for depository
institutions to provide financing for such authorized exports and making a conforming change to
section 515.421.Travel and Related Services
Carrier services by air. In parallel with the Department of Commerce’s amendments
relating to the safety of civil aviation, OFAC is amending section 515.572 to authorize the entry
into blocked space, code-sharing, and leasing arrangements to facilitate the provision of carrier
services by air authorized pursuant to section 515.572(a)(2), including the entry into such
arrangements with a national of Cuba.
Temporary sojourn. OFAC is amending section 515.533 to authorize travel-related and
other transactions directly incident to the facilitation of the temporary sojourn of aircraft and
vessels as authorized by the Department of Commerce for travel between the United States and
Cuba, including by certain personnel required for normal operation and service on board a vessel
or aircraft or to provide services to a vessel in port or aircraft on the ground.Public performances, clinics, workshops, athletic and other competitions, and exhibitions.
OFAC is amending section 515.567 to authorize travel-related and other transactions to organize
amateur and semi-professional international sports federation competitions and public
performances, clinics, workshops, other athletic or non-athletic competitions, and exhibitions in
Cuba. OFAC is also removing the existing requirements for certain events that all U.S. profits
from the event after costs be donated to an independent nongovernmental organization in Cuba
or a U.S.-based charity and that workshops and clinics be organized and run, at least in part, by
the authorized traveler.
Humanitarian projects. OFAC is amending section 515.575 to expand the list of
authorized humanitarian projects to include disaster preparedness and response.
Link:
Posted with BlogsyFiled under: Cuba Sanctions, OFAC Updates, Sanctions Regulations
