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Embargo
This essay is published for informational purposes only. It is not legal advice, nor is it intended as a substitute for the advice of your attorney.
Certain organizations and individuals are subject to trade sanctions, embargoes and other restrictions under U.S. law. An embargo is a federal government prohibition against shipping certain goods and in some cases all goods to a specific foreign country or to a specific individual or organization. Trade embargoes are typically implemented as a form of protest against another country's political, economic, moral, or environmental activities.
The U.S. Government maintains economic embargoes against Cuba, Iran, Sudan, Syria, and certain designated terrorist persons or groups. An embargo is a regulation that restrict or forbids exports to certain persons, groups or countries. The U.S. Government also maintains certain partial embargoes, including programs relating to Rwanda and IraqComprehensive embargoes prohibit virtually all exports without a license or other U.S. Government authorization.
When considering whether or not a shipment, transfer, transmission or disclosure will require an export license, a company must evaluate what is being shipped, who will handle the goods in transit, where it is being shipped, to whom goods or information is being exported or disclosed, and what the recipient intends to do with the goods or the information.
© 2011 by Michael C. Dennis. All Rights Reserved. Mr. Dennis is the author of "1001 Collection Tools and Tips" and can be reached by email at mcdennis13@yahoo.com