The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) added five new Frequently Asked Questions (FAQs) on 6 January 2017. The new FAQs were in reference to a general license that OFAC issued on October of 2016. The license considerably lessened the ‘180-day’ rule – a restriction that makes foreign-flag vessels wait at least 180 days after visiting a Cuban port before they can come to a U.S. port. The new FAQs discussed here provide clarity on several concerns related to this and relevant rules.
Home International Trade & National Security OFAC Gives Clarity on Cuba Sanctions with New FAQs