Supplement No 1 To Part 738 Country Chart
If you're involved in international trade, you're likely familiar with the regulations set forth by the Bureau of Industry and Security (BIS) under the U.S. Department of Commerce. One important regulation that you need to be aware of is Supplement No. 1 to Part 738 Country Chart.
What is Supplement No. 1 to Part 738 Country Chart?
Supplement No. 1 to Part 738 Country Chart is a list of countries and their corresponding export control classification numbers (ECCNs). ECCNs are used to identify items that are subject to export controls by the BIS. The Country Chart is used to determine the licensing requirements for exporting items to particular countries.
The Supplement was created to clarify the licensing requirements for exports of certain items to countries that are subject to U.S. embargoes or sanctions. It sets out the licensing policy for exports of items subject to the Export Administration Regulations (EAR) to countries that are subject to U.S. embargoes or sanctions.
Why is Supplement No. 1 to Part 738 Country Chart important?
Supplement No. 1 to Part 738 Country Chart is an important tool for any company involved in international trade. It helps businesses determine the licensing requirements for exporting items to specific countries.
If you're exporting items that are subject to the EAR, you need to be aware of the licensing requirements set forth in the Supplement. Failure to comply with the licensing requirements could result in severe penalties, including fines and even imprisonment.
How is Supplement No. 1 to Part 738 Country Chart used?
The Supplement is used to determine the licensing requirements for exporting items subject to the EAR to particular countries. The licensing requirements are determined by the country of destination and the ECCN of the item being exported.
The Country Chart is divided into five columns, each of which corresponds to a different licensing policy. The columns are:
- NS - No License Required
- NLR - No License Required for Certain Items
- LVS - License Exception for Limited Value Shipments
- GBS - General Prohibition on Shipments
- UN - United Nations Arms Embargoes
Each ECCN is listed in the leftmost column of the Country Chart. The corresponding licensing policy for each country is listed in each of the five columns to the right of the ECCN.
What are the licensing policies listed in the Country Chart?
The licensing policies listed in the Country Chart are as follows:
NS - No License Required
No license is required for exports of items subject to the EAR to countries listed in this column, provided the item is not being exported to a prohibited end-use or end-user.
NLR - No License Required for Certain Items
No license is required for exports of certain items subject to the EAR to countries listed in this column, provided the item meets certain conditions, such as being exported for a certain end-use or to a certain end-user.
LVS - License Exception for Limited Value Shipments
A license exception is available for certain exports of items subject to the EAR to countries listed in this column, provided the value of the item is below a certain threshold.
GBS - General Prohibition on Shipments
A license is required for exports of items subject to the EAR to countries listed in this column, with certain exceptions.
UN - United Nations Arms Embargoes
A license is required for exports of items subject to the EAR to countries listed in this column, due to United Nations arms embargoes.
Conclusion
Supplement No. 1 to Part 738 Country Chart is an important tool for any company involved in international trade. It helps businesses determine the licensing requirements for exporting items to specific countries. Failure to comply with the licensing requirements could result in severe penalties, including fines and even imprisonment. By understanding the licensing policies listed in the Country Chart, businesses can ensure they are in compliance with the EAR and avoid any potential penalties.