31 CFR 560.532 - Payment for and financing of commercial sales of certain agricultural commodities, medicine, and medical devices.

§ 560.532 Payment for and financing of commercial sales of certain agricultural commodities, medicine, and medical devices.
(a) General license for payment terms. The following payment terms for sales, pursuant to § 560.530(a)(1), of the excluded food items specified in § 560.530(a)(2)(iii), agricultural commodities that do not fall within the definition of food set forth in § 560.530(a)(2)(ii), food (as defined in § 560.530(a)(2)(ii)) intended for military or law enforcement purchasers or importers, medicine, or medical devices to the Government of Iran, to any individual or entity in Iran, or to persons in third countries purchasing specifically for resale to any of the foregoing are authorized:
(1) Payment of cash in advance;
(2) Sales on open account, provided that the account receivable may not be transferred by the person extending the credit; or
(3) Financing by third-country financial institutions that are neither United States persons nor Government of Iran entities. Such financing may be confirmed or advised by U.S. financial institutions.
(b) Specific licenses for alternate payment terms. Specific licenses may be issued on a case-by-case basis for payment terms and trade financing not authorized by the general license in paragraph (a) of this section for sales pursuant to § 560.530(a)(1). See § 501.801(b) of this chapter for specific licensing procedures.
(c) No debits or credits to Iranian accounts on the books of U.S. depository institutions. Nothing in this section authorizes payment terms or trade financing involving debits or credits to Iranian accounts, as defined in § 560.320.
(d) Transfers through the U.S. financial system. Any payment relating to a transaction authorized in or pursuant to § 560.530 or § 560.533 that is routed through the U.S. financial system must reference the relevant Office of Foreign Assets Control license authorizing the payment to avoid the rejection of the transfer. See § 560.516(c).
(e) Notwithstanding any other provision of this part, no commercial exportation to Iran may be made with United States Government assistance, including United States foreign assistance, United States export assistance, and any United States credit or guarantees absent a Presidential waiver.
[74 FR 61035, Nov. 23, 2009, as amended at 76 FR 63197, Oct. 12, 2011]

Title 31 published on 2014-07-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


United States Code
U.S. Code: Title 3 - THE PRESIDENT
U.S. Code: Title 18 - CRIMES AND CRIMINAL PROCEDURE
U.S. Code: Title 22 - FOREIGN RELATIONS AND INTERCOURSE

22 U.S. Code § 2346e to 2346i - Repealed.

§ 2461 - Exchanges between United States and independent states of the former Soviet Union

§ 2462 - Establishment of grant program for foreign study by American college students of limited financial means

§ 2463 - Allocation of funds transferred to the Bureau of Educational and Cultural Affairs

§ 2464 - Ethical issues in international health research

§ 7201 - Definitions

§ 7202 - Restriction

§ 7203 - Exceptions

§ 7204 - Termination of sanctions

§ 7205 - State sponsors of international terrorism

§ 7206 - Congressional procedures

§ 7207 - Prohibition on United States assistance and financing

§ 7208 - Prohibition on additional imports from Cuba

§ 7209 - Requirements relating to certain travel-related transactions with Cuba

§ 7210 - Application of the Trade Sanctions Reform and Export Enhancement Act

§ 7211 - Technical clarification relating to provision of material support to terrorism

§ 8501 - Findings

§ 8511 - Definitions

§ 8512 - Economic sanctions relating to Iran

§ 8513 - Mandatory sanctions with respect to financial institutions that engage in certain transactions

§ 8513a - Imposition of sanctions with respect to the financial sector of Iran

§ 8514 - Imposition of sanctions on certain persons who are responsible for or complicit in human rights abuses committed against citizens of...or their family members after the June 12, 2009, elections in Iran

§ 8515 - Prohibition on procurement contracts with persons that export sensitive technology to Iran

§ 8516 - Authority to implement United Nations Security Council resolutions imposing sanctions with respect to Iran

§ 8517 - Increased capacity for efforts to combat unlawful or terrorist financing

§ 8518 - Reports on investments in the energy sector of Iran

§ 8519 - Reports on certain activities of foreign export credit agencies and of the Export-Import Bank of the United States

§ 8531 - Definitions

§ 8532 - Authority of State and local governments to divest from certain companies that invest in Iran

§ 8541 - Definitions

§ 8542 - Identification of countries of concern with respect to the diversion of certain goods, services, and technologies to or through Iran

§ 8543 - Destinations of Diversion Concern

§ 8544 - Enforcement authority

§ 8551 - General provisions

U.S. Code: Title 28 - JUDICIARY AND JUDICIAL PROCEDURE
U.S. Code: Title 31 - MONEY AND FINANCE
U.S. Code: Title 50 - WAR AND NATIONAL DEFENSE
Statutes at Large
Presidential Documents

Executive Order ... 12613

Executive Order ... 12957

Executive Order ... 12959

Executive Order ... 13059

Executive Order ... 13599

Executive Order ... 13622

Executive Order ... 13628