[Federal Register Volume 76, Number 178 (Wednesday, September 14, 2011)]
[Notices]
[Pages 56866-56868]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-23541]



[[Page 56866]]

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DEPARTMENT OF STATE

[Public Notice 7585]


Bureau of Economic, Energy and Business Affairs; Persons on Whom 
Sanctions Have Been Imposed Under the Iran Sanctions Act of 1996

AGENCY: Department of State.

ACTION: Notice.

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SUMMARY: The Secretary of State has determined that the following 
persons have engaged in sanctionable activity described in section 5(a) 
of the Iran Sanctions Act of 1996 (Pub. L. 104-172) (50 U.S.C. 1701 
note) (``ISA''), as amended by the Comprehensive Iran Sanctions, 
Accountability, and Divestment Act of 2010 (Pub. L. 111-195) 
(``CISADA''), and that certain sanctions should be imposed as a result: 
Allvale Maritime Inc., Associated Shipbroking, Petrochemical Commercial 
Company International, Petr[oacute]leos de Venezuela S.A., Royal Oyster 
Group, Soci[eacute]t[eacute] Anonyme Mon[eacute]gasque D'Administration 
Maritime Et A[eacute]rienne, Speedy Ship, and Tanker Pacific Management 
(Singapore) Pte. Ltd.

DATES: Effective Date: The sanctions on Associated Shipbroking, 
Petrochemical Commercial Company International, Petr[oacute]leos de 
Venezuela S.A., Royal Oyster Group, Speedy Ship, and Tanker Pacific 
Management (Singapore) Pte. Ltd. are effective May 24, 2011. The 
sanctions on Allvale Maritime Inc. and Soci[eacute]t[eacute] Anonyme 
Mon[eacute]gasque D'Administration Maritime Et A[eacute]rienne, a 
clarification of the sanctions announced for ``Ofer Brothers Group'' in 
a May 24, 2011 announcement from the Department of State, are effective 
August 26, 2011.

FOR FURTHER INFORMATION CONTACT: On general issues: Norman Galimba, 
Office of Terrorism Finance and Economic Sanctions Policy, Department 
of State, Telephone: (202) 647-9183. For U.S. Government procurement 
ban issues: Daniel Walt, Office of the Procurement Executive, 
Department of State, Telephone: (703) 516-1696.

SUPPLEMENTARY INFORMATION: Pursuant to the authority delegated to the 
Secretary of State in the Presidential Memorandum of September 23, 
2010, 75 FR 67025 (the ``Delegation Memorandum''), the Secretary has 
determined that the following persons have engaged in sanctionable 
activity described in section 5(a) of the ISA, as amended by the 
CISADA: Allvale Maritime Inc., Associated Shipbroking, Petrochemical 
Commercial Company International, Petr[oacute]leos de Venezuela S.A., 
Royal Oyster Group, Soci[eacute]t[eacute] Anonyme Mon[eacute]gasque 
D'Administration Maritime Et A[eacute]rienne, Speedy Ship, and Tanker 
Pacific Management (Singapore) Pte. Ltd. Soci[eacute]t[eacute] Anonyme 
Mon[eacute]gasque D'Administration Maritime Et A[eacute]rienne and 
Allvale Maritime Inc. are a corporate manager and a ship owning 
company, respectively, for the Ofer international shipping group, 
referred to as the ``Ofer Brothers Group'' in a May 24, 2011 
announcement from the U.S. Department of State.
    Pursuant to section 5(a) of the ISA and the Delegation Memorandum, 
the Secretary determined to impose on Allvale Maritime Inc. the 
following sanctions described in section 6 of the ISA:
    1. Export-Import Bank assistance for exports to sanctioned persons. 
The Export-Import Bank of the United States shall not give approval to 
the issuance of any guarantee, insurance, extension of credit, or 
participation in the extension of credit in connection with the export 
of any goods or services to Allvale Maritime Inc.
    2. Export sanction. The United States Government shall not issue 
any specific license and shall not grant any other specific permission 
or authority to export any goods or technology to Allvale Maritime Inc. 
under--
    a. The Export Administration Act of 1979 (50 U.S.C. Appx. 2401 et 
seq.);
    b. The Arms Export Control Act (22 U.S.C. 2751 et seq.);
    c. The Atomic Energy Act of 1954 (42 U.S.C. 2011 et seq.); or
    d. Any other statute that requires the prior review and approval of 
the United States Government as a condition for the export or reexport 
of goods or services.
    3. Loans from United States financial institutions. United States 
financial institutions shall be prohibited from making loans or 
providing credits to Allvale Maritime Inc. totaling more than 
$10,000,000 in any 12-month period unless Allvale Maritime Inc. is 
engaged in activities to relieve human suffering and the loans or 
credits are provided for such activities.
    These sanctions apply with respect to Allvale Maritime Inc. and not 
to any subsidiary, affiliate, or shareholder thereof unless separately 
identified.
    Pursuant to section 5(a) of the ISA and the Delegation Memorandum, 
the Secretary determined to impose on Associated Shipbroking (a.k.a. 
SAM) the following sanctions described in section 6 of the ISA:
    1. Foreign exchange. Any transactions in foreign exchange that are 
subject to the jurisdiction of the United States and in which 
Associated Shipbroking has any interest shall be prohibited.
    2. Banking transactions. Any transfers of credit or payments 
between financial institutions or by, through, or to any financial 
institution, to the extent that such transfers or payments are subject 
to the jurisdiction of the United States and involve any interest of 
Associated Shipbroking, shall be prohibited.
    3. Property transactions. It shall be prohibited to:
    a. Acquire, hold, withhold, use, transfer, withdraw, transport, 
import, or export any property that is subject to the jurisdiction of 
the United States and with respect to which Associated Shipbroking has 
any interest;
    b. Deal in or exercise any right, power, or privilege with respect 
to such property; or
    c. Conduct any transaction involving such property.
    Based on the sanctions imposed on Associated Shipbroking, these 
prohibitions also apply with respect to any person in which Associated 
Shipbroking has an interest of fifty percent or more.
    Pursuant to section 5(a) of the ISA and the Delegation Memorandum, 
the Secretary determined to impose on Petrochemical Commercial Company 
International (a.k.a. PCCI) the following sanctions described in 
section 6 of the ISA:
    1. Foreign exchange. Any transactions in foreign exchange that are 
subject to the jurisdiction of the United States and in which 
Petrochemical Commercial Company International has any interest shall 
be prohibited.
    2. Banking transactions. Any transfers of credit or payments 
between financial institutions or by, through, or to any financial 
institution, to the extent that such transfers or payments are subject 
to the jurisdiction of the United States and involve any interest of 
Petrochemical Commercial Company International, shall be prohibited.
    3. Property transactions. It shall be prohibited to:
    a. Acquire, hold, withhold, use, transfer, withdraw, transport, 
import, or export any property that is subject to the jurisdiction of 
the United States and with respect to which Petrochemical Commercial 
Company International has any interest;
    b. Deal in or exercise any right, power, or privilege with respect 
to such property; or
    c. Conduct any transaction involving such property.
    Based on the sanctions imposed on Petrochemical Commercial Company 
International, these prohibitions also apply with respect to any person 
in which Petrochemical Commercial

[[Page 56867]]

Company International has an interest of fifty percent or more.
    Pursuant to section 5(a) of the ISA and the Delegation Memorandum, 
the Secretary determined to impose on Petr[oacute]leos de Venezuela 
S.A. the following sanctions described in section 6 of the ISA:
    1. Export-Import Bank assistance for exports to sanctioned persons. 
The Export-Import Bank of the United States shall not give approval to 
the issuance of any guarantee, insurance, extension of credit, or 
participation in the extension of credit in connection with the export 
of any goods or services to Petr[oacute]leos de Venezuela S.A.
    2. Export sanction. The United States Government shall not issue 
any specific license and shall not grant any other specific permission 
or authority to export any goods or technology to Petr[oacute]leos de 
Venezuela S.A. under--
    a. The Export Administration Act of 1979 (50 U.S.C. Appx. 2401 et 
seq.);
    b. The Arms Export Control Act (22 U.S.C. 2751 et seq.);
    c. The Atomic Energy Act of 1954 (42 U.S.C. 2011 et seq.); or
    d. Any other statute that requires the prior review and approval of 
the United States Government as a condition for the export or reexport 
of goods or services.
    3. Procurement sanction. The United States Government shall not 
procure, or enter into any contract for the procurement of, any goods 
or services from Petr[oacute]leos de Venezuela S.A.
    These sanctions apply with respect to Petr[oacute]leos de Venezuela 
S.A. and not to any subsidiary, affiliate, or shareholder thereof 
unless separately identified.
    Pursuant to section 5(a) of the ISA and the Delegation Memorandum, 
the Secretary determined to impose on Royal Oyster Group the following 
sanctions described in section 6 of the ISA:
    1. Foreign exchange. Any transactions in foreign exchange that are 
subject to the jurisdiction of the United States and in which Royal 
Oyster Group has any interest shall be prohibited.
    2. Banking transactions. Any transfers of credit or payments 
between financial institutions or by, through, or to any financial 
institution, to the extent that such transfers or payments are subject 
to the jurisdiction of the United States and involve any interest of 
Royal Oyster Group, shall be prohibited.
    3. Property transactions. It shall be prohibited to:
    a. Acquire, hold, withhold, use, transfer, withdraw, transport, 
import, or export any property that is subject to the jurisdiction of 
the United States and with respect to which Royal Oyster Group has any 
interest;
    b. deal in or exercise any right, power, or privilege with respect 
to such property; or
    c. conduct any transaction involving such property.
    Based on the sanctions imposed on Royal Oyster Group, these 
prohibitions also apply with respect to any person in which Royal 
Oyster Group has an interest of fifty percent or more.
    Pursuant to section 5(a) of the ISA and the Delegation Memorandum, 
the Secretary determined to impose on Soci[eacute]t[eacute] Anonyme 
Mon[eacute]gasque D'Administration Maritime Et A[eacute]rienne (a.k.a. 
S.A.M.A.M.A., a.k.a. SAMAMA) the following sanctions described in 
section 6 of the ISA:
    1. Export-Import Bank assistance for exports to sanctioned persons. 
The Export-Import Bank of the United States shall not give approval to 
the issuance of any guarantee, insurance, extension of credit, or 
participation in the extension of credit in connection with the export 
of any goods or services to Soci[eacute]t[eacute] Anonyme 
Mon[eacute]gasque D'Administration Maritime Et A[eacute]rienne.
    2. Export sanction. The United States Government shall not issue 
any specific license and shall not grant any other specific permission 
or authority to export any goods or technology to Soci[eacute]t[eacute] 
Anonyme Mon[eacute]gasque D'Administration Maritime Et A[eacute]rienne 
under--
    a. The Export Administration Act of 1979 (50 U.S.C. Appx. 2401 et 
seq.);
    b. The Arms Export Control Act (22 U.S.C. 2751 et seq.);
    c. The Atomic Energy Act of 1954 (42 U.S.C. 2011 et seq.); or
    d. Any other statute that requires the prior review and approval of 
the United States Government as a condition for the export or reexport 
of goods or services.
    3. Loans from United States financial institutions. United States 
financial institutions shall be prohibited from making loans or 
providing credits to Soci[eacute]t[eacute] Anonyme Mon[eacute]gasque 
D'Administration Maritime Et A[eacute]rienne totaling more than 
$10,000,000 in any 12-month period unless Soci[eacute]t[eacute] Anonyme 
Mon[eacute]gasque D'Administration Maritime Et A[eacute]rienne is 
engaged in activities to relieve human suffering and the loans or 
credits are provided for such activities.
    These sanctions apply with respect to Soci[eacute]t[eacute] Anonyme 
Mon[eacute]gasque D'Administration Maritime Et A[eacute]rienne and not 
to any subsidiary, affiliate, or shareholder thereof unless separately 
identified.
    Pursuant to section 5(a) of the ISA and the Delegation Memorandum, 
the Secretary determined to impose on Speedy Ship (a.k.a SPD) the 
following sanctions described in section 6 of the ISA:
    1. Foreign exchange. Any transactions in foreign exchange that are 
subject to the jurisdiction of the United States and in which Speedy 
Ship has any interest shall be prohibited.
    2. Banking transactions. Any transfers of credit or payments 
between financial institutions or by, through, or to any financial 
institution, to the extent that such transfers or payments are subject 
to the jurisdiction of the United States and involve any interest of 
Speedy Ship, shall be prohibited.
    3. Property transactions. It shall be prohibited to:
    a. Acquire, hold, withhold, use, transfer, withdraw, transport, 
import, or export any property that is subject to the jurisdiction of 
the United States and with respect to which Speedy Ship has any 
interest;
    b. deal in or exercise any right, power, or privilege with respect 
to such property; or
    c. conduct any transaction involving such property.
    Based on the sanctions imposed on Speedy Ship, these prohibitions 
also apply with respect to any person in which Speedy Ship has an 
interest of fifty percent or more.
    Pursuant to section 5(a) of the ISA and the Delegation Memorandum, 
the Secretary determined to impose on Tanker Pacific Management 
(Singapore) Pte. Ltd. the following sanctions described in section 6 of 
the ISA:
    1. Export-Import Bank assistance for exports to sanctioned persons. 
The Export-Import Bank of the United States shall not give approval to 
the issuance of any guarantee, insurance, extension of credit, or 
participation in the extension of credit in connection with the export 
of any goods or services to Tanker Pacific Management (Singapore) Pte. 
Ltd.
    2. Export sanction. The United States Government shall not issue 
any specific license and shall not grant any other specific permission 
or authority to export any goods or technology to Tanker Pacific 
Management (Singapore) Pte. Ltd. under--
    a. The Export Administration Act of 1979 (50 U.S.C. Appx. 2401 et 
seq.);
    b. The Arms Export Control Act (22 U.S.C. 2751 et seq.);
    c. The Atomic Energy Act of 1954 (42 U.S.C. 2011 et seq.); or
    d. Any other statute that requires the prior review and approval of 
the United States Government as a condition for the export or reexport 
of goods or services.
    3. Loans from United States financial institutions. United States 
financial institutions shall be prohibited from

[[Page 56868]]

making loans or providing credits to Tanker Pacific Management 
(Singapore) Pte. Ltd. totaling more than $10,000,000 in any 12-month 
period unless Tanker Pacific Management (Singapore) Pte. Ltd. is 
engaged in activities to relieve human suffering and the loans or 
credits are provided for such activities.
    These sanctions apply with respect to Tanker Pacific Management 
(Singapore) Pte. Ltd. and not to any subsidiary, affiliate, or 
shareholder thereof unless separately identified.
    The sanctions described above with respect to each of the persons 
listed shall remain in effect until otherwise directed pursuant to the 
provisions of the ISA or other applicable authority. Pursuant to the 
authority delegated to the Secretary of State in the Delegation 
Memorandum, relevant agencies and instrumentalities of the United 
States Government shall take all appropriate measures within their 
authority to carry out the provisions of this notice. The Secretary of 
the Treasury is taking appropriate action to implement the sanctions 
for which authority has been delegated to the Secretary of the Treasury 
pursuant to the Delegation Memorandum and Executive Order 13574 of May 
23, 2011.
    The following constitutes a current, as of this date, list of 
persons on whom sanctions are imposed under the ISA. The particular 
sanctions imposed on an individual company are identified in the 
relevant Federal Register Notice.

--Allvale Maritime Inc.;
--Associated Shipbroking (a.k.a. SAM);
--Belarusneft (see Public Notice 7408, 76 FR 18821, April 5, 2011);
--Naftiran Intertrade Company (see Public Notice 7197, 75 Fed. Reg. 
62916, Oct. 13, 2010).
--Petrochemical Commercial Company International (a.k.a. PCCI);
--Petr[oacute]leos de Venezuela S.A.;
--Royal Oyster Group;
--Soci[eacute]t[eacute] Anonyme Mon[eacute]gasque D'Administration 
Maritime Et A[eacute]rienne (a.k.a. S.A.M.A.M.A., a.k.a. SAMAMA);
--Speedy Ship (a.k.a. SPD);
--Tanker Pacific Management (Singapore) Pte. Ltd.

    Dated: September 6, 2011.
Jose Fernandez,
Assistant Secretary of State for Economic, Energy and Business Affairs.
[FR Doc. 2011-23541 Filed 9-13-11; 8:45 am]
BILLING CODE 4710-07-P