Iran General License (No. I) - Authorizing Certain Transactions Related to the Negotiation of, and Entry into, Contingent Contracts for Activities Eligible for Authorization Under the Statement of Licensing Policy for Activities Related to the Export or Re-export to Iran of Commercial Passenger Aircraft and Related Parts and Services [REVOKED]

Date issued: Mar. 24 2016

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TURBOFAC Commentary (500 words)

Notes:

1) License revoked in May, 2018, pursuant to U.S. withdrawal from the JCPOA. Wind-down information at JCPOA Withdrawal FAQ 4.1, 4.2 and 4.3. Notable aspects of the GL and associated SLP (also revoked) are discussed at JCPOA Implementation FAQ J-1 through J-11 and comments thereto.

2) This GL is, impliedly, an important piece of the puzzle concerning the otherwise difficult-to-discern scope of OFAC-administered prohibitions related to the negotiation of and entry into contracts. See General Note and Associated Scenario Matrix re: the Legal Status of Discussions, Negotiations, Contracts and other Pre-transactional Activities (System Ed. Note).

The note to paragraph (a) is a list of items that fall within the scope of the term "contingent contracts." Given that the list is...