The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) added five new Frequently Asked Questions (FAQs) on 6 January 2017. The new FAQs were in reference to a general license that OFAC issued on October of 2016. The license considerably lessened the '180-day' rule – a restriction that makes foreign-flag vessels wait at least 180 days after visiting a Cuban port before they can come to a U.S. port. The new FAQs discussed here provide clarity on several concerns related to this and relevant rules.
This article is presented for informational purposes only and is not intended to constitute legal advice.
