Trump Administration extends COSCO tanker unit waiver

Chamber of Shipping > Blog > News > US > Trump Administration extends COSCO tanker unit waiver

The Trump administration has renewed a waiver for companies to wind down transactions with the Dalian unit of COSCO, which it had imposed sanctions in September for allegedly transporting Iranian oil. The waiver, good until Feb. 4, 2020, allows activities and transactions “ordinarily incident and necessary to the maintenance or wind down of transactions” including offloading of non-Iranian crude oil.

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