Federal Republic of Yugoslavia (Serbia & Montenegro) and Bosnian Serb-Controlled Areas of the Republic of Bosnia and Herzegovina Sanctions Regulations: Resolution of Claims Regarding Blocked Montenegrin Vessel Accounts

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The Office of Foreign Assets Control is amending the Federal Republic of Yugoslavia (Serbia & Montenegro) and Bosnian Serb- Controlled Areas of the Republic of Bosnia and Herzegovina Sanctions Regulations to authorize all transactions on and after December 7, 1998 with respect to bank accounts representing the proceeds of the sales of the following two blocked vessels: the M/V KAPETAN MARTINOVIC and the M/V BOR. U.S. persons are generally licensed to seek, obtain and have served on these blocked accounts writs of attachment during the ten-day period prior to the accounts' unblocking if their claims are not settled with the vessels' owners or agents.