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On March 16, 2016, the Bureau of Industry and Security (BIS) will publish in the Federal Register a final rule [Docket No. 160303178-6178-01] that allows vessels departing the United States on temporary sojourn to Cuba with cargo for other destinations to travel to Cuba under a license exception rather than having to obtain a license for the cargo bound for those other destinations to transit Cuba. The rule also authorizes exports of certain items to persons authorized by the Department of the Treasury to establish and maintain a physical or business presence in Cuba (see OFAC revision to the Cuban Assets Control Regulations, above). Finally, the rule would adopt a licensing policy of case-by-case review for exports and reexports of items that would enable or facilitate export of items produced by the private sector in Cuba, subject to certain limitations. BIS is taking this action in coordination with the Department of the Treasury, Office of Foreign Assets Control (OFAC), which is amending the Cuban Assets Control Regulations (31 C.F.R. part 515). The amendments are effective on publication. Please check our Sanctions Blog for any updates or additional information. |
