banner-img

Learning can be easier with EX - Library.

Explore our newest feature, a reliable informational resource you've been looking for!
Join |
< Back to questions :: Q&A / Trade Associations / Business and Industry Services

General/ Specific License

Trade Associations
Business and Industry Services
From Belgium
To United States of America
851 views / 0 experts
Jason C.
Jul 19, 2019
What is the difference between a general and a specific license in the USA?

1 answer

Jul 19, 2019
It should be mentioned that, in some cases, authority to engage in certain transactions is provided by means of a general license. In instances where a general license does not exist, a written request for a specific license must be filed with OFAC. A general license for certain exports or imports is issued by the NRC as a regulation in 10 CFR Part 110 . Once a general license is issued, the export or import is authorized and an application does not need to be submitted to the NRC, and the NRC does not issue a separate license document to a particular person. Although you do not need to obtain a specific license or paper document from the NRC; you do need to comply with all applicable domestic requirements A specific license is a paper document issued by the NRC on a case-by-case basis to a single specified person or entity which submits and is legally responsible for the proposed export/import transaction application submitted to NRC.
read more

Top Rated Experts

Raymond Yang
Raymond Y.
Leon Lacroix
Leon L.
Amber Stellingwerf
Amber S.
This website uses cookies. By using this website, you consent to our use of these cookies