For those of you in the crude oil exporting business, life has just gotten a little bit easier.
The CCL entry (ECCN 1C981) requiring a BIS license to export crude oil out of the United States has now been removed and the new classification will be EAR99. Last month, a rule was issued by BIS removing the short supply licensing requirements for crude oil. The removal of the licensing requirements does not give exporters a “carte blanche” approval to export anywhere. Restrictions will still apply for exports to embargoed or sanctioned countries, as well as to any parties who have been denied export privileges.
This is also a good reminder to make sure you are using the current version of the Export Administration Regulations (EAR) to save you time on submitting unnecessary licensing applications and subsequent RWAs!
We always suggest using the online version of the EAR found at this link.
Emmalie Armstrong is a Trade Compliance Consultant with Export Solutions – a firm specializing in U.S. import/export regulations.