OFAC Authorizes Transactions for Blocked AMIN Crude Oil Tanker
The Treasury Department Office of Foreign Assets Control (OFAC) authorized all transactions related to the arrest, detention, and judicial sale of the AMIN Crude Oil Tanker, effective Nov. 27. The vessel is currently arrested in Gulei, Zhangzhou port, China, OFAC said. OFAC identified the vessel as blocked property on July 12, 2012. OFAC added the entity to the Specially Designated Nationals list (see 12071238).
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Such authorized transactions include, but are not limited to, bidding on the purchase of the vessel; paying deposits; providing financing, insurance, or funding in connection with the purchase; and, in furtherance of the arrest, detention, and judicial sale of the vessel, providing vessel management services; providing port agency services; purchasing of bunkers; repairing or modifying the vessel for commercial use; providing crewing; and hiring surveyors to inspect the vessel. The transaction authorization expires Nov. 30, 2015.