Source: https://www.law.cornell.edu/cfr/text/15/part-760/appendix-SupplementNo6
Timestamp: 2016-12-09 21:29:26
Document Index: 303613597

Matched Legal Cases: ['art 760', 'art 760', 'art 760', 'art 760', 'art 760', 'art 760', '§ 760', '§ 760', '§ 760', '§ 760', '§ 760', '§ 760', '§ 760', 'art 760']

15 CFR Part 760, Supplement No. 6 to Part 760 - Interpretation | US Law | LII / Legal Information Institute
CFR › Title 15 › Subtitle B › Chapter VII › Subchapter C › Part 760 › Appendix SupplementNo6 15 CFR Part 760, Supplement No. 6 to Part 760 - Interpretation
There are 4 Updates appearing in the Federal Register for 15 CFR Part 760. View below or at eCFR (GPOAccess)
View PDF at GPOPt. 760, Supp. 6
(a) Goods of boycotted country origin prohibited. This term is very common in letters of credit from Kuwait and may also appear from time-to-time in invitations to bid, contracts, or other trade documents. It imposes a condition or requirement compliance with which is prohibited, but permitted by an exception under the Regulations (see § 760.2(a) and § 760.3(a)). It is reportable by those parties to the letter of credit or other transaction that are required to take or refrain from taking some boycott related action by the request. Thus the bank must report the request because it is a term or condition of the letter of credit that it is handling, and the exporter-beneficiary must report the request because the exporter determines the origin of the goods. The freight forwarder does not have to report this request because the forwarder has no role or obligation in selecting the goods. However, the freight forwarder would have to report a request to furnish a certificate that the goods do not originate in or contain components from a boycotted country. See § 760.5, examples (xii)-(xvii).
(b) No six-pointed stars may be used on the goods, packing or cases. This term appears from time-to-time on documents from a variety of countries. The Department has taken the position that the six-pointed star is a religious symbol. See § 760.2(b), example (viii) of this part. Agreeing to this term is prohibited by the Regulations and not excepted because it constitutes an agreement to furnish information about the religion of a U.S. person. See § 760.2(c) of this part. If a person proceeds with a transaction in which this is a condition at any stage of the transaction, that person has agreed to the condition in violation of the Regulations. It is not enough to ignore the condition. Exception must affirmatively be taken to this term or it must be stricken from the documents of the transaction. It is reportable by all parties to the transaction that are restricted by it. For example, unlike the situation described in (a) above, the freight forwarder would have to report this request because his role in the transaction would involve preparation of the packing and cases. The bank and exporter would both have to report, of course, if it were a term in a letter of credit. Each party would be obligated affirmatively to seek an amendment or deletion of the term.
(c) Neither goods nor packaging shall bear any symbols prohibited in the boycotting country. This term appears from time-to-time in letters of credit and shipping documents from Saudi Arabia. In our view, it is neither prohibited, nor reportable because it is not boycott-related. There is a wide range of symbols that are prohibited in Saudi Arabia for a variety of reasons, many having to do with that nation's cultural and religious beliefs. On this basis, we do not interpret the term to be boycott related. See § 760.2(a)(5) and § 760.5(a)(5)(v) of this part.
Title 15 published on 2015-01-01.The following are only the Rules published in the Federal Register after the published date of Title 15.For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.2016-10-14; vol. 81 # 199 - Friday, October 14, 201681 FR 70933 - Amendments to the Export Administration Regulations: Reporting Requirements Optional Electronic Filing of Reports of Requests for Restrictive Trade Practice or Boycott
Title 15 published on 2015-01-01The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 15 CFR Part 760 after this date.2016-10-14; vol. 81 # 199 - Friday, October 14, 201681 FR 70933 - Amendments to the Export Administration Regulations: Reporting Requirements Optional Electronic Filing of Reports of Requests for Restrictive Trade Practice or Boycott