Regulation 31K Acquisition of oil and petroleum productsF1

(1)

A person must not directly or indirectly acquire oil and petroleum products—

(a)

which originate in Iran, or

(b)

which are located in Iran.

(2)

Paragraph (1) is subject to Part 6 (Exceptions and licences).

(3)

A person who contravenes a prohibition in paragraph (1) commits an offence, but—

(a)

it is a defence for a person charged with the offence of contravening paragraph (1)(a) (“P”) to show that P did not know and had no reasonable cause to suspect that the goods originated in Iran;

(b)

it is a defence for a person charged with the offence of contravening paragraph (1)(b) (“Q”) to show that Q did not know and had no reasonable cause to suspect that the goods were located in Iran.

Annotations

Textual amendments

F1: Pt. 5 Chs. 2A-2D inserted (29.9.2026) by The Iran (Sanctions) (Amendment) Regulations 2026 (S.I. 2026/983), regs. 1(2), 7(m)