The waiver, issues on October 24, allows “maintenance or wind down of transactions” and is valid until December 20. This includes offloading non-Iranian crude oil involving COSCO Shipping Tanker (Dalian) Co. Ltd, according to a notice from the department’s Office of Foreign Assets Control.
The Treasury Department said that the waiver applies to COSCO Shipping Tanker (Dalian) or any entity owned 50% or more by the company. The waiver does not authorize any transactions or activities with COSCO Shipping Tanker (Dalian) Seaman and Ship Management Co, Ltd.
