Regulation 39A Trade: exceptions in relation to vesselsF1

(1)

For the purposes of regulation 33B (making available certain vessels), the removal of a vessel from the United Kingdom to Iran is not making available a vessel designed or modified for the transport or storage of oil and petroleum products, provided that the following conditions are met—

(a)

the vessel is removed under its own power;

(b)

the removal of the vessel is not for the purpose of—

(i)

a transfer of ownership of the vessel or any of its component parts, or

(ii)

a change of the operator of the vessel.

(2)

In this regulation, “operator”, in relation to a vessel, means the person having the management of the vessel.

Annotations

Textual amendments

F1: Regs. 39A-39E inserted (29.9.2026) by The Iran (Sanctions) (Amendment) Regulations 2026 (S.I. 2026/983), regs. 1(2), 9(d)