OFAC Licensing Policy statement regarding exports of commercial aircraft, parts and services to Iran

STATEMENT OF LICENSING POLICY FOR ACTIVITIES RELATED TO THEEXPORT OR RE-EXPORT TO IRAN OF COMMERCIAL PASSENGER AIRCRAFTAND RELATED PARTS AND SERVICES

Consistent with U.S. foreign policy and the United States' commitment with respect tosanctions reflected in Section 5.1.1 of Annex II to the Joint Comprehensive Plan of Actionof July 14, 2015 (JCPOA), the following Statement of Licensing Policy establishes afavorable licensing policy under which U.S. and non-U.S. persons may request specificauthorization from OFAC to engage in transactions for the sale of commercial passengeraircraft and related parts and services to Iran, provided such transactions do not involveany person on OFAC's Specially Designated Nationals and Blocked Persons List (“SDNList”).

As ofImplementation Day ofthe JCPOA, specific licenses may be issued on a case-by-casebasis to authorize U.S. persons and, where there is a nexus to U.S. jurisdiction, non-U.S. personsto (1) export, re-export, sell, lease, or transfer to Iran commercial passenger aircraft forexclusively civil aviation end-use, (2) export, re-export, sell, lease, or transfer to Iran spare partsand components for commercial passenger aircraft, and (3) provide associated services,including warranty, maintenance, and repair services and safety-related inspections, for all theforegoing, provided that licensed items and services are used exclusively for commercialpassenger aviation.

Applications for specific licenses pursuant to this Statement of Licensing Policy may besubmitted online at http://http://www.treasury.gov/resource-center/sanctions/Pages/licensing.aspx, oralternatively by mail or courier, pursuant to section 501.801 ofthe Reporting, Procedures andPenalties Regulations, 31 C.F.R. Part 501, to the Office ofForeign Assets Control, U.S.Department ofthe Treasury, Treasury Annex, 1500 Pennsylvania Avenue, N.W., Washington,D.C. 20220, Attn: Iran Commercial Passenger Aviation. Please provide complete details ofalltransactions for which authorization is sought, including U.S. Department of Commerce ExportControl Classification Numbers (ECCNs) for all goods and technology subject to the U.S. ExportAdministration Regulations (EAR) to be exported or re-exported to Iran.

Note 1: Specific license applications will be evaluated in light of the Iran-Iraq ArmsNonproliferation Act and any other relevant statutes, as appropriate.

Note2: LicensesissuedpursuanttotheStatementofLicensingPolicywillincludeappropriate
conditions to ensure that licensed activities do not involve, and no licensed aircraft, goods, or
services are re-sold or re-transferred to, any person on the SDN List.

Note 3: Exports or reexports to individuals and entities listed on the Department of Commerce's
Denied Persons List and, in some cases, the Entity List will require separate authorization from
theDepartmentofCommerce. TheDeniedPersonsListmaybeaccessedat
http:

http: //http://www.bis.doc.gov/index.php/policy-guidance/lists-of-parties-of-concern/denied-persons-list
and the Entity List may be accessed at http://http://www.bis.doc.gov/index.php/policy-guidance/lists-
of-parties-of-concern/entity-list. Applicants seeking to engage in transactions that would require
separate authorization from the Department of Commerce should submit an application to it
when submitting an application to OFAC pursuant to the Statement of Licensing Policy; the
application to OFAC should also identify any individuals or entities that may give rise to a
requirement for a separate authorization from the Department of Commerce.