Marine Advisory: 12/2024 - Advisory on General License 44A Authorizing the Wind Down of Transactions Related to Oil or Gas Sector OperatioAdvisory on General License 44A Authorizing the Wind Down of Transactions Related to Oil or Gas Sector Operations in Venezuelans in Venezuela (This Marine Advisory Supplements Marine Advisories 04/2019, 12/2019, 18/2020, 08/2021)

Edition
12/2024
Last updated

24 May 2024

Marine Advisory 12/2024

24 May 2024

Marine Advisory: 12/2024

T R L Tel: +1 703 790 3434

HE EPUBLIC OF IBERIA Fax: +1 703 790 5655

(This Marine Advisory Supplements Marine Advisories 04/2019, 12/2019, 18/2020, 08/2021)

SUBJECT: Advisory on General License 44A Authorizing the Wind Down of Transactions Related to Oil or Gas Sector Operations in Venezuela:

Ref: (a) Marine Advisory 04/2019

  1. Marine Advisory 12/2019
  2. Marine Advisory 18/2020
  3. Marine Advisory 08/2021

Pursuant to General License 44A, before 12:01 a.m. on May 31, 2024, all U.S. persons, which includes individuals and entities, must wind down any transactions that were previously authorized by General License 44. All affected parties must comply before May 31. If you need more information, including answers to frequently asked questions about General License 44A, please visit the website of the United State Treasury Department’s Office of Foreign Assets Control (“OFAC”).

Point of Contact

For further information regarding the issuance of this Advisory, contact the Compliance Department at +1 (703) 790-3434 or email to compliance@liscr.com. If after business hours, please contact the Duty Officer at + 1 703 963 6216 or Dutyofficer@liscr.com.

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