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LICENSE No. IRAN-EO13902-2025-1414970-1
EXECUTIVE ORDER 13902 OF JANUARY 10, 2020 “IMPOSING SANCTIONS WITH RESPECT TO ADDITIONAL SECTORS OF IRAN”
LICENSE
(Issued under the authority of one or more of 22 U.S.C. § 8724, 50 U.S.C. §§ 1601-51, 1701-06, Executive Order 13902, 31 C.F.R. Part 560.802, and 31 C.F.R. Part 501.)
To: Vitol International Shipping Pte. Ltd.
c/o [ ]
2001 K Street NW
Washington, DC 20006
ATTN: [ ]
1. Based upon information received on September 8, 2025, to the Office of Foreign Assets Control (the “Application”), the transactions described herein are hereby authorized.
2. This License is subject to the condition, among others, that the Licensee(s) comply with its terms and with all regulations, rulings, orders, and instructions issued under any of the authorities cited above....
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[Update/Note - OFAC implemented EO 13902 into the ITSR subsequent to the drafting of the comment below. See 560.211 and comments thereto]
1) BACKGROUND
On April 22, 2025, OFAC designated the vessel TINOS I and certain associated persons, and on May 20, 2025, OFAC issued Iran General License Q, which authorized (among other things) “[t]he sale of the Tinos I, provided the net proceeds of the sale be placed into a blocked interest-bearing account at a U.S. financial institution.” The GL contained an interpretive note specifying that “[t]ransactions authorized by paragraph (a)(5) include: bidding...