[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
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downloading in ASCII format without charge from Treasury's Electronic
Library (``TEL'') in the `` Business, Trade and Labor Mail'' of the
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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]
BILLING CODE 4810-25-F