Article 2 Amendment of Article 2 of the principal Order

Article 2 of the principal Order shall be replaced by the following article—

“Exportation of goods from Iraq or Kuwait and dealing and processing

2

(1)

Except under the authority of a licence granted by the Secretary of State under this Order or the Import of Goods (Control) Order 1954^f1, or a permission granted under the Control of Gold, Securities, Payments and Credits (Republic of Iraq) Directions 1990^f2, the Control of Gold, Securities, Payments and Credits (Kuwait) Directions 1990^f3, the Hong Kong (Control of Gold, Securities, Payments and Credits: Kuwait and Republic of Iraq) Order 1990, the Caribbean Territories (Control of Gold, Securities, Payments and Credits: Kuwait and Republic of Iraq) Order 1990^f4 or the Iraq and Kuwait (United Nations Sanctions) (Bermuda) Order 1990^f5 no person shall—

(a)

make or carry out any contract for the exportation of any goods from either Iraq or Kuwait;

(b)

make or carry out any contract for the sale of any goods which he intends or has reason to believe that another person intends to export from either Iraq or Kuwait; or

(c)

do any act calculated to promote the exportation of any goods from either Iraq or Kuwait.

(2)

Except under the authority of a licence granted by the Secretary of State under this Order, no person shall deal in any goods that have been exported from Iraq or Kuwait after 6th August 1990, that is to say, shall, by way of trade or otherwise for gain, acquire or dispose of such goods or of any property or interest in them or any right to or charge upon them or process them or do any act calculated to promote any such acquisition, disposal or processing by himself or any other person.

(3)

Nothing in paragraph 1(b) or (c) or (2) of this article shall apply where the exportation of the goods from Iraq or Kuwait is authorised by a licence granted by the Secretary of State under this Order, or the importation of the goods into the United Kingdom or any place to which this Order extends is authorised by a licence granted by the Secretary of State under the Import of Goods (Control) Order 1954.”