[Federal Register Volume 62, Number 77 (Tuesday, April 22, 1997)]
[Rules and Regulations]
[Pages 19499-19500]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-10321]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Chapter V


Blocked Persons, Specially Designated Nationals, Specially 
Designated Terrorists, Specially Designated Narcotics Traffickers, and 
Blocked Vessels: Removal of Entry

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Final rule; amendment.

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SUMMARY: The Office of Foreign Assets Control is removing from appendix 
C to 31 CFR chapter V an entry for a vessel

[[Page 19500]]

no longer deemed to be blocked under economic sanctions imposed against 
Iraq.

 EFFECTIVE DATE: April 17, 1997.

 FOR FURTHER INFORMATION CONTACT:  Office of Foreign Assets Control, 
Department of the Treasury, Washington, DC 20220; tel.: 202/622-2520.

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability

     This document is available as an electronic file on The Federal 
Register Bulletin Board the day of publication in the  Federal 
Register. By modem, dial 202/512-1387 and type ``/GO FAC,'' or call 
202/512-1530 for disk or paper copies. This file is available for 
downloading without charge in WordPerfect 5.1, ASCII, and Adobe 
AcrobatTM readable (*.PDF) formats. For Internet access, the 
address for use with the World Wide Web (Home Page), Telnet, or FTP 
protocol is: fedbbs.access.gpo.gov. The document is also accessible for 
downloading in ASCII format without charge from Treasury's Electronic 
Library (``TEL'') in the `` Business, Trade and Labor Mail'' of the 
FedWorld bulletin board. By modem, dial 703/321-3339, and select the 
appropriate select-expanding file in TEL. For Internet access, use one 
of the following protocols: Telnet = fedworld.gov (192.239.93.3); World 
Wide Web (Home Page) = http://www.fedworld.gov; FTP = ftp.fedworld.gov 
(192.239.92.205). Additional information concerning the programs of the 
Office of Foreign Assets Control is available for downloading from the 
Office's Internet Home Page: http://www.ustreas.gov/treasury/services/
fac/fac.html, or in form though the Office's 24-hour fax-on-demand 
service: call 202/622-0077 using a fax machine, fax modem, or (within 
the United States) a touch-tone telephone.

Background

    Appendix C to 31 CFR chapter V contains the names of vessels 
blocked pursuant to the various economic sanctions programs 
administered by the Officer of Foreign Assets Control (``OFAC'') (see 
61 FR 32936, June 26, 1996). The vessel M/V BAROON (also known as 
``ALBAHR ALARABI'', formerly known as ``SEABANK'' and ``AL-BAHAR AL-
BARABI'') was designated as a vessel registered, owned, or controlled 
by the Government of Iraq or by persons acting or purporting to act 
directly or indirectly on behalf of the Government of Iraq, pursuant to 
Sec. 575.306 of the Iraqi Sanctions Regulations, 31 CFR part 575 (the 
``Regulations''). (56 FR 13584, 13588, Apr. 3, 1991; see also 60 FR 
6376, Feb. 1, 1995.) It therefore constituted blocked property in which 
the Government of Iraq has an interest, and was subject to all the 
prohibitions applicable to such property in the Regulations. This rule 
is being issued to remove the entry ``ALBAHR ALARABI'' from appendix C, 
since OFAC has determined that this vessel was sold in a judicial sale 
in Kenya and is no longer property in which there is an interest of the 
Government of Iraq. Accordingly, all transactions with regard to any 
property related to this vessel subject to the jurisdiction of the 
United States are authorized.
    Since the Regulations involve a foreign affairs function, the 
provisions of Executive Order 12866 and the Administrative Procedure 
Act (5 U.S.C. 553) requiring notice of proposed rulemaking, opportunity 
for public participation, and delay in effective date, are 
inapplicable. Because no notice of proposed rulemaking is required for 
this rule, the Regulatory Flexibility Act (5 U.S.C. 601-612) does not 
apply.
    For the reasons set forth in the preamble, and under the authority 
of 3 U.S.C. 301; 22 U.S.C. 287c; 50 U.S.C. 1601-1651; 50 U.S.C. 1701-
1706; Pub. L. 101-410, 104 Stat 890 (28 U.S.C. 2461 note); Pub. L. 101-
513, 104 Stat. 2047-2055 (50 U.S.C. 1701 note); Pub. L. 104-132, 110 
Stat 1214, 1254 (18 U.S.C. 2332d); E.O. 12722, 55 FR 31803, 3 CFR. 1990 
Comp., p. 294; E.O. 12724, 55 FR 33089, 3 CFR, 1990 Comp., p. 297; and 
E.O. 12817, 57 FR 48433, 3 CFR, 1992 Comp., p. 317, appendix C to 
chapter V of 31 CFR is amended as set forth below:


Appendix C to Chapter V   [Amended]

    1. Appendix C to chapter V of 31 CFR is amended by removing the 
entry for the vessel ``ALBAHR ALARABI''.

    Dated: March 6, 1997.
R. Richard Newcomb,
Director, Office of Foreign Assets Control.
    Approved: March 24, 1997.
James E. Johnson,
Assistant Secretary (Enforcement).
[FR Doc. 97-10321 Filed 4-17-97; 10:40 am]
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