{
  "url": "https://openlegislation.uk/libya-sanctions-eu-exit-regulations-2020/regulation-38",
  "json_url": "https://openlegislation.uk/libya-sanctions-eu-exit-regulations-2020/regulation-38.json",
  "legislation": "uksi/2020/1665",
  "legislation_title": "The Libya (Sanctions) (EU Exit) Regulations 2020",
  "legislation_url": "https://openlegislation.uk/libya-sanctions-eu-exit-regulations-2020",
  "path": "regulation/38",
  "kind": "regulation",
  "number": "38",
  "heading": "Financial transactions in relation to Libyan oil aboard UN designated ships",
  "text": "(1) A person must not enter into any financial transaction relating to Libyan oil aboard a designated ship.\n(2) Paragraph (1) is subject to Part 8 (Exceptions and licences).\n(3) A person who contravenes the prohibition in paragraph (1) commits an offence, but it is a defence for a person charged with that offence to show that the person did not know and had no reasonable cause to suspect that the ship was a designated ship.\n(4) In this regulation—\n“designated ship” means a ship for the time being designated by the Committee for the purpose of paragraph 10(d) of resolution 2146; a “financial transaction relating to Libyan oil”—\n(a)includes its purchase or sale, its use as credit and the taking out of transport insurance in respect of it;\n(b)does not include the payment or receipt of any fees pursuant to the entry into port of a ship carrying that oil.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 38 in force at 31.12.2020 on IP completion day, see reg. 1(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2020/1665/regulation/38",
    "retrieved_at": "2026-10-28T22:18:56.007368+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}