US RELIEVES CIVIL PENALTY AGAINST A SINGAPORE MARINE SEISMIC AND OFFSHORE SERVICES COMPANY AFTER REVIEW

On 18 March, the Federal Register announced that the US Department of Commerce’s Bureau of Industry and Security had decided not to impose the civil penalty of $31,425,760 against Nordic Maritime Pte Ltd for knowingly exporting and using US-origin maritime survey equipment without a licence in Iranian territorial waters in violation of the Export Administration Regulations.  However, the company is denied US export control privileges for a period of 15 years.

https://www.govinfo.gov/content/pkg/FR-2020-03-18/pdf/2020-05600.pdf

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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