Superior Freight Services Inc.

Global Strategies... Superior Solutions.

866-548-7850
  • Home
  • Air
  • Ocean
  • Trucking
  • Warehousing
  • Freight Quote
  • Contact Us
  • Compliance
  • News
  • Blog

BIS: Anti-Boycott Violation Concludes with Warning

June 29, 2018 by Karen Edwards Leave a Comment


BIS: Anti-Boycott Violation Concludes with Warning

The Bureau of Industry and Security (BIS) concluded an anti-boycott investigation of a U.S. company, Lockheed Martin Corporation, with a warning letter rather than a penalty, due specifically to Lockheed Martin’s voluntary self-disclosure.

According to BIS, in connection with the sale and/or transfer of goods to Korea for sale to third-country customers, the company provided a certification that the goods did not contain Israeli parts or components in violation of Export Administration Regulations provisions prohibiting such acts. Also in connection with that transaction the company violated the EAR by failing to report to BIS its receipt of a request to confirm whether the goods contained any parts or components made in Israel.

However, BIS states that after considering all the facts and circumstances known at this time, including specifically that the company discovered the violations itself and voluntarily disclosed them to BIS, this investigation is being closed with the issuance of a warning letter.

See the warning letter

About Antiboycott Laws —

The Bureau, Office of Antiboycott Compliance (OAC), is charged with administering and enforcing the Antiboycott Laws under the Export Administration Act.

Those laws discourage, and in some circumstances, prohibit U.S. companies from furthering or supporting the boycott of Israel sponsored by the Arab League, and certain other countries, including complying with certain requests for information designed to verify compliance with the boycott. Compliance with such requests may be prohibited by the Export Administration Regulations (EAR) and may be reportable to the Bureau.

Filed Under: Compliance, trade Tagged With: Bureau of Industry and Security, compliance, Trade

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Website Language

en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish

Search Website

SEARCH BY CATEGORY

Currency Converter

Currency Converter EUR/USD: Fri, 31 Mar.

World Shipping News

In focus: Net-zero future needs a jigsaw of solutions, with CCS acting as linchpin
31 March 2023
In focus: Net-zero future needs a jigsaw of solutions, with CCS acting as linchpin

Achieving a net-zero future is a challenging task for all countries around the globe. The problematic pieces of the energy transition jigsaw need to shrink as renewable energy sources continue… [...]

H2Carrier and Trelleborg to work on ship-to-ship ammonia transfer solutions
31 March 2023
H2Carrier and Trelleborg to work on ship-to-ship ammonia transfer solutions

Norway’s H2Carrier and Sweden’s Trelleborg Gas Transfer have signed a Memorandum of Understanding (MoU) […] The post H2Carrier and Trelleborg to work on ship-to-ship ammonia transfer solutions appeared first on… [...]

Clarksons says alternative fuel ships account for 47 pct of orderbook, projects another 100 LNG carrier orders
31 March 2023
Clarksons says alternative fuel ships account for 47 pct of orderbook, projects another 100 LNG carrier orders

Alternative fuel ships have accounted for around 60% of new orders since the start […] The post Clarksons says alternative fuel ships account for 47 pct of orderbook, projects another… [...]

Dorian LPG welcomes its 1st dual-fuel LPG carrier
31 March 2023
Dorian LPG welcomes its 1st dual-fuel LPG carrier

Japanese shipbuilder Kawasaki Heavy Industries (KHI) has delivered the 84,000 cbm dual-fuel liquefied petroleum gas […] The post Dorian LPG welcomes its 1st dual-fuel LPG carrier appeared first on Offshore Energy. [...]

HMD nets $185M contract to build four product tankers
31 March 2023
HMD nets $185M contract to build four product tankers

South Korean shipbuilding company Hyundai Mipo Dockyard (HMD), part of HD Hyundai, has received an order for the construction of four new product carriers. The post HMD nets $185M contract… [...]

Copyright © 2023 · Magazine Pro Theme on Genesis Framework · WordPress · Log in