Today the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and the Commerce Department’s Bureau of Industry and Security (BIS) further eased sanctions against Cuba with a host of new amendments to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR). Of special interest to the shipping industry is the issuance of a general licence that rolls back the so-called ‘180-day ban’- a prohibition on vessels calling at U.S. ports within the first 180 days after calling at a Cuban port.
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