New York NVO pays fine for alleged U.S. antiboycott violations
The U.S. Commerce Department said Oceanic Container Line, a Staten Island, N.Y.-based non-vessel-operating common carrier, has agreed to pay an $8,250 civil penalty to settle allegations that it violated the country’s antiboycott laws.
The department charged that on one occasion Oceanic provided prohibited information about another company’s business relationships by transmitting an agent certification regarding a vessel en route to Qatar. The department also charged that Oceanic failed to report the incident in a timely manner and failed to maintain appropriate records about the request.
The antiboycott provisions of the U.S. export control regulations prohibit U.S. persons, including overseas subsidiaries of U.S. companies, from complying with certain requirements of unsanctioned foreign boycotts.
