Netanyahu: The boys were kidnapped by Hamas
Ofer Brothers insists that US penalties against it are unjustified and are working to have the sanctions lifted.
Israeli sources told "Globes" that the Ministry of Defense and Ministry of Foreign Affairs believe that the US charges against Ofer Brothers Group are based on a misunderstanding. The sources said that Israeli officials are in contact with the US State Department to clarify the issue and to get the Ofer Brothers' Singapore company, Tanker Pacific Ltd., off the list of companies suspected of violating the sanctions against Iran.
Sources inform ''Globes'' that Ministry of Defense officials contacted representatives of Ofer Brothers in Israel for clarifications. The company officials said that the ship was sold to a Dubai-registered company called Crystal Shipping, which did not, and does not, appear on any blacklist of companies that the US administration bans trading with.
Yesterday, the State Department placed Tanker Pacific on a watch list for selling an oil tanker, Raffles Park, to Republic Iran Shipping Lines (IRISL) for $8.65 million in October 2010. The ship was renamed "Emma". Six other companies were also put on the watch list.
The State Department said, "These are the first sanctions imposed by the United States for refined-petroleum related activities under Iran Sanctions Act since it was amended by Comprehensive Iran Sanctions, Accountability, and Divestment Act. By imposing these sanctions, the Secretary sends a stern and clear message to companies around the world: those who continue to irresponsibly support Iran's energy sector and help facilitate Iran’s efforts to evade US sanctions will face serious consequences."
Concerning the case of Ofer Brothers, the State Department said, "We believe that Tanker Pacific and Ofer Brothers Group failed to exercise due diligence and did not heed publicly available and easily obtainable information that would have indicated that they were dealing with IRISL. The Secretary will hold companies accountable, as required by the Iran Sanctions Act, when they know or “should have known” they were providing sanctionable goods or services to Iran. With the imposition of today’s sanctions, Tanker Pacific and Ofer Brothers Group are barred from securing financing from the Export-Import Bank of the United States, from obtaining loans over $10 million from US financial institutions, and from receiving US export licenses."
Ofer Brothers said in response, "We have never sold a tanker to Iran. The authorized agencies of the State of Israel will confirm our statement in full."
Published by Globes [online], Israel business news - www.globes-online.com - on May 25, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011
You comment was recieved and soon will be published.
Thank you for posting your comment, which will be reviewed for publication.
Load more comments
Prime Minister Benjamin Netanyahu threatens "dire consequences" following the kidnapping.
Questions over police response to kidnapping
Hours passed before a search operation was launched. Netanyahu holds Palestinians responsible.
Netanyahu bought furniture at public expense - report
"Yediot Ahronot": Attorney General is investigating if Netanyahu family bought furniture for its Caesarea private home.
Binyamin Ben-Eliezer questioned by police again
Ben-Eliezer's son Yariv is also suspected of receiving money from Avraham Nanikashvili.
Reuven Rivlin elected president
Rivlin defeated Meir Sheetrit 63:53 in the second round vote in the Knesset.
Meir Sheetrit discloses owning five homes
The Presidential candidate has bowed to public pressure and declared his assets.
Police find $600,000 cash in Ben-Eliezer's bank
The source of the money found in Binyamin Ben-Eliezer's safety deposit box is unclear.
Presidential candidate Ruby Rivlin discloses assets
Dalia Dorner also disclosed her wealth, but Meir Sheetrit refused.
Dalia Itzik bought Tel Aviv home for NIS 4.6m last year
The Presidential candidate and former Knesset Speaker also owns two apartments in Jerusalem.
The venture capitalist who wants to transform Israel
Labor MK Erel Margalit tells "Globes" about his plans to improve the Start-Up Nation.
Combat cameramen disprove Palestinian propaganda
A unit of highly trained combat soldiers uses cameras to document military operations.
Truth is proving stranger than folktale as Turkey's spins out of Prime Minister Erdogan's control.
Prof. Zvi Eckstein supports NIS 3.30-3.40/$ floor rate
The former deputy Bank of Israel Governor is the first senior figure from the financial system to advocate a floor rate.
2014 will be year of change
Forces reshaping the Middle East are coming to a head, with Russia taking a close interest, and the West seemingly indifferent.
Gains and losses for Middle East secularists
Recent developments in Egypt, Syria and Turkey have clarified some issues, and obfuscated others.
Developing robots for warfare
Israeli research sees the future battlefield dominated by robots and unmanned devices.
Geneva changes Middle East strategic map
As the consequences of the nuclear agreement with Iran emerge, regional powers are scrambling to adapt.
Egypt has no time to lose
Unless economic reforms are introduced quickly, the country is liable to relapse into Islamic extremism.
Strange goings on in Turkey
Two recent decisions by Turkish prime minister Erdoğan make it look as though he is losing his grip.
See you in six months, Rouhani
Israel may look isolated over the nuclear deal with Iran, but the cards could yet fall its way.
China is changing
The Third Plenum of the Communist Party of the Peoples' Republic of China marks a turning-point in all areas of Chinese life - with consequences for Israel.
French gov't proposes building 2 Tel Aviv light rail lines
The Green Line from Herzliya to Holon and the Purple Line from Kiryat Ono to Tel Aviv would cost NIS 30 billion to build.
Israel's factious coalition looks wobbly on Iran
Besides US opposition, the state of Israel's government makes an attack on Iran unlikely.
Budget cuts threaten 10,000 defense industry jobs
Senior executives warn many factories are in danger of closing due to the drying up of defense ministry's orders.