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OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations 31 C.F.R. Part 591
GENERAL LICENSE NO. 37
Authorizing the Wind Down of Transactions Involving Delos Voyager Shipping Ltd, Romina Maritime Co Inc, and Certain Vessels
(a) Except as provided in paragraph (c) of this general license, all transactions and activities prohibited by Executive Order (E.O.) 13850 of November 1, 2018, as amended by E.O. 13857 of January 25, 2019, and incorporated into the Venezuela Sanctions Regulations, 31 C.F.R. part 591 (the VSR), that are ordinarily incident and necessary to the wind down of transactions involving persons or vessels listed in paragraph (b) are authorized through 12:01 a.m. eastern daylight time, July 21, 2020.
(b) The authorization in paragraph (a) of this general license applies to the following persons and vessels listed on the Office of Foreign Assets Control’s List of Specially Designated Nationals and Blocked Persons, and any entity in which the following persons own, directly or indirectly, a 50 percent or greater interest:
• DELOS VOYAGER SHIPPING LTD (Marshall Islands)
• Vessel: Delos Voyager (IMO: 9273052)
• ROMINA MARITIME CO INC (Greece)
• Vessel: Euroforce (IMO: 9251585)
(c) This general license does not authorize:
(1) The entry into any new commercial contracts involving the persons or vessels listed in paragraph (b), except as authorized by paragraph (a);
(2) Any debit to an account of persons listed in paragraph (b) on the books of a U.S. financial institution; or
(3) Any transactions or activities otherwise prohibited by the VSR, or any other part of 31 C.F.R. chapter V, or any transactions or activities with any blocked person or vessel other than the persons or vessels identified in paragraph (b) of this general license.
Andrea M. Gacki
Andrea Gacki
Director
Office of Foreign Assets Control
Dated: June 18, 2020
1) This is a standard wind-down general license, authorizing the processing of underlying transactions that may not involve U.S. persons (see e.g. FAQ 807), but not including authorizations for the "maintenance" of activities. See corresponding designation notice at https://home.treasury.gov/news/press-releases/sm1038.
2) Refer to the Research System for documents dealing with the scope of the types of transactions that qualify for "wind down" GLs such as this. (All general licenses for the wind down of pre-existing business activities.)
3) Read in conjunction with FAQ # 834, issued on the same day as this GL.
4) GL revoked on July 3, 2020, in light of the removal of the designated entities and vessels from the SDN list.