31 CFR § 560.532 - Payment for and financing of exports and reexports of agricultural commodities, medicine, and medical devices, and certain related software and services.

Date issued: Dec. 23 2012

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TURBOFAC Commentary (938 words)

Notes:

(UPDATE: See Comment on the Designation of the Iranian Financial Sector Pursuant to EO 13902 for comments on the relationship between 560.532(a)(4) and EO 13902).

1) RELATIONSHIP WITH OTHER ITSR AG/MED-RELATED GLs

ITSR GLs 560.530, 560.532 and 560.533 should all read in conjunction with each other, as they collectively deal with exports of TSRA-eligible and other agricultural/medical goods. 560.530 deals with the exports themselves; 560.532 with payments and financing in connection with goods sold pursuant to 560.530, and 560.533 deals with brokering services in connection with sales related to 560.530.

2) IN GENERAL; RELATIONSHIP WITH 560.405 AND 560.516

560.532 is a general license that, subject to the limitations in the GL, serves the function that...