560.526—Commodities trading and related transactions.
(a) Trading in Iranian-origin commodities.
With respect to § 560.206, specific licenses may be issued on a case-by-case basis to authorize certain commodities trading by a United States person in Iranian-origin goods, or transactions incidental to such trading, where:
(1)
No party to the transaction with the United States person is a person in Iran or the Government of Iran, and
(2)
It was impossible for the United States person to determine at the time of entry into the transaction, given all circumstances of the transaction, that the goods would be of Iranian origin or would be owned or controlled by the Government of Iran.
(b) Trading in commodities destined for Iran or the Government of Iran.
With respect to § 560.204, specific licenses may be issued on a case-by-case basis to authorize certain trading by United States persons in commodities of U.S. or third-country origin destined for Iran or the Government of Iran, or transactions incidental to such trading, where:
(1)
It was impossible for the United States person to determine at the time of entry into the transaction, given all circumstances of the transaction, that the goods would be for delivery to Iran or to the Government of Iran;
(3)
The United States person did not initiate the nomination of the commodity's destination as Iran or the Government of Iran.